In 2023, Solar Photovoltaic Gross Inland Consumption in Norway stood at an estimated 27.5 Thousand Tonnes of Oil Equivalent. The forecast for 2024 indicates a consumption of 33.17, showing significant growth. By 2025, consumption is expected to reach 39.1, followed by 45.0 in 2026, 50.87 in 2027, and 56.71 in 2028. These projections denote a robust upward trend in solar PV consumption.
Year-on-year analysis highlights that from 2023 to 2024, there is an anticipated rise of approximately 20.6%. The trend continues with a 17.9% increase from 2024 to 2025, 15.1% from 2025 to 2026, 13.0% from 2026 to 2027, and 11.5% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year period is approximately 15.3%.
Future trends to watch for include advancements in solar PV technology, potential changes in government policies and incentives, and shifts in consumer attitudes towards renewable energy.
