Forecast: Solar Photovoltaic Gross Electricity Production in Austria

In 2023, Solar Photovoltaic Gross Electricity Production in Austria stood at 3.95 Thousand Gigawatthours. Forecasted data for 2024 indicates an increase to 4.95 Thousand Gigawatthours, marking a 25.3% year-on-year growth. This trend continues through to 2028, with projected values of 5.65 (2025), 6.35 (2026), 7.05 (2027), and 7.73 Thousand Gigawatthours (2028). The average Compound Annual Growth Rate (CAGR) from 2023 to 2028 is approximately 14.8%.

Future trends to watch for include advancements in solar technology, potential government incentives for renewable energy, and overarching EU energy policies aimed at reducing carbon emissions. These factors could further accelerate solar photovoltaic production beyond current forecasts.