Key Market Indicators
Dane Solar Energy Consumption is projected to reach approximately 0.03 Exajoules by 2028, up from around 0.02 Exajoules in 2023. This represents an average annual growth rate of 6.8%. Since 2017, Dane's solar energy demand has surged by an impressive 17.3% each year. In 2023, Denmark ranked 18th in solar energy consumption globally. Bulgaria narrowly surpassed Denmark with its own consumption of about 0.02 Exajoules. Leading the rankings were Spain, Italy, and France, occupying the second, third, and fourth positions respectively. On the capacity front, Denmark's solar energy capacity is forecasted to reach about 7,120 Megawatts by 2028, a notable increase from the 3,270 Megawatts recorded in 2023. This marks an average annual growth rate of 12%. Since 2005, the country's solar capacity has skyrocketed by 26.8% annually. In 2023, Denmark held the 15th spot in global solar capacity rankings. Portugal was just ahead with a similar capacity of 3,270 Megawatts. The Netherlands, Italy, and Spain were the frontrunners, ranking second, third, and fourth respectively in this category.
