Between 2013 and 2023, solar energy consumption in the UK exhibited substantial growth, rising from 0.02 Exajoules in 2013 to 0.14 Exajoules in 2023. The year-on-year variation showcased an initial surge, followed by a period of stabilization. Notably, the consumption grew by 5.34% from 2022 to 2023. The CAGR over the last five years up to 2023 was approximately 2.66%.
Looking ahead, forecasts indicate steady growth in solar energy consumption, projecting an increase to 0.17 Exajoules by 2028. The forecasted 5-year CAGR is estimated at 2.6%, with an overall growth rate of 13.7% over this period.
Future trends to watch for include advancements in solar technology, reductions in installation costs, and government policies promoting renewable energy, which are likely to further boost the adoption and consumption of solar energy in the UK.
