European Solar Energy Trends in 2024
Solar Energy is part of Renewable Energy and includes a number of sub-sectors such as Concentrated Solar Power, Solar Heating, Photovoltaics and Integrated Solar Combined Cycle. You may also be interested in Geothermal Energy, Wind Power and Hydropower.
**European Solar Capacity to Soar by 2028** Europe's solar capacity is projected to reach approximately 468,000 megawatts by 2028, up from around 276,000 megawatts in 2023. This represents an average annual growth rate of 8.3%. Since 2001, the European supply of solar energy has increased by an impressive 16.9% year on year. In 2023, Germany led the continent in solar capacity, boasting about 74,000 megawatts. Following Germany, the Netherlands, Italy, and Spain occupied the second, third, and fourth spots in the rankings, respectively. Notably, Poland saw a remarkable year-on-year increase of 92.6%, while Romania experienced a modest annual growth of 0.7% since 2001. **Surge in Solar Energy Consumption Across Europe** European solar energy consumption is set to reach 4.8 exajoules by 2028, up from 2.7 exajoules in 2023. This indicates an annual growth rate of 8.8% in compound annual growth rate (CAGR). Since 2001, demand for solar energy in Europe has surged by 15.9% year on year. Germany also led in solar energy consumption in 2023, with a consumption of 0.61 exajoules. Spain, Italy, and France followed as the second, third, and fourth largest consumers, respectively. Poland exhibited a staggering annual growth rate of 107.4%, while the Czech Republic's consumption levels have remained stable since 2001.
Top 10 countries
In 2024 major markets in the Solar Energy Industry were:
World Solar Energy Market Data and Forecasts
How much the Solar Energy industry is expected to grow to 2028?
World Solar Energy Top Rankings
Global Solar Energy Statistics
- Electricity Generation 176 countries (Europe, Southern Europe, Eastern Europe...)
- Electronic Component Import 192 countries (Africa, Sub-Saharan Africa, Asia...)
- Electronic Component Export 188 countries (Asia, Africa, Latin America...)
- Energy Supply 179 countries (Europe, Southern Europe, Eastern Europe...)
- Electricity Capacity 52 countries (Europe, Southern Europe, Northern Europe...)
- Solar Generation 112 countries (Europe, Asia, Southern Europe...)
- Solar Energy Consumption 100 countries (Asia, Middle East, Africa...)
- Solar Capacity 67 countries (Asia, Eastern Europe, Western Europe...)
- Final Consumption Expenditures 222 countries (Europe, Southern Europe, Eastern Europe...)
- Solar Photovoltaic Electricity Generation 23 countries (Europe, Eastern Europe, Western Europe...)
