Key Market Indicators
**Israeli Solar Capacity to Surge by 2028** Israel's solar energy capacity is projected to climb to approximately 9,350 megawatts by 2028, up from around 5,260 megawatts in 2023. This represents an average annual growth rate of 9%. The country's solar supply has seen a significant uptick, with an annual increase of 31% since 2002. **Solar Energy Consumption on the Rise** In terms of solar energy consumption, Israel is also expected to see substantial growth. Consumption is forecasted to reach about 0.15 exajoules by 2028, rising from 0.08 exajoules in 2023. This marks an average annual growth rate of 9.8%. Since 2015, the demand for solar energy in Israel has surged by 37% annually. These statistics underscore Israel's rapid advancement in solar energy, positioning the country as a notable player in the renewable energy sector.
