The solar photovoltaic energy supply in Malta has seen substantial growth from 2013 to 2023, highlighted by an increase in value from 106.09 Terajoules in 2013 to 1100 Terajoules in 2023. Over this period, significant annual increases were observed, with notable year-on-year growth rates particularly high in the early years—2014 saw a remarkable 132.03%. This growth, however, moderated over time, with a more stable increase observed in recent years, including 8.73% in 2023.
From 2019 to 2024, the average annual growth rate (CAGR) stood at 10%, reflecting continuing expansion albeit at a decelerated pace compared to earlier years. The forecast suggests the solar photovoltaic energy supply will reach 1530 Terajoules by 2028, indicating a compound annual growth rate of 5.18% from 2024, leading to a forecasted growth rate of 28.7% over five years.
Future trends to watch for include technological advancements that could enhance efficiency and output, regulatory changes that might impact growth positively or negatively, and potential shifts in energy policy aimed at further boosting renewable energy adoption. The combination of these factors will be pivotal in determining the trajectory of solar photovoltaic energy supply in Malta in the upcoming years.
