Italy's solar photovoltaic energy supply is forecasted to grow steadily from 2024 to 2028. In 2023, the supply stood at 2.21 Million Tonnes Of Oil Equivalent (MTOE). By 2024, the value is expected to increase to 2.24 MTOE, marking a year-on-year increase of approximately 1.36%. Subsequent years show continued growth with annual increases of about 1.33% in 2025, 1.32% in 2026, and 0.87% in 2027 and 2028. The Compound Annual Growth Rate (CAGR) over the five-year forecast period (2024-2028) is expected to be around 1.22%.
Future trends to watch for include technological advancements in photovoltaic cells, which could further improve efficiency and reduce costs. Regulatory frameworks and incentives from the European Union and Italian government will also play a critical role in driving adoption and expansion of solar energy infrastructure.
