Denmark's solar photovoltaic production has shown steady growth from 2013 through 2023, rising from 1.86 thousand terajoules to 5.53 thousand terajoules in 2023. The year-on-year increases were significant, especially in some years, with peaks such as 23.09% in 2016 and 22.55% in 2020. The compound annual growth rate (CAGR) from 2018 to 2023 stood at 10.03%, reflecting a robust expansion over the past five years. The forecasted data from 2024 to 2028 suggests a continued upward trend, with a forecasted 5-year CAGR of 4.86% and an overall growth rate of 26.8% by 2028.
Future Trends to Watch For:
- Integration of more advanced and efficient photovoltaic technologies.
- Implementation of supportive government policies and incentives.
- Expansion of large-scale solar farms and integration into the national grid.
- Increased investment in renewable energy infrastructure.
