The data on solar photovoltaic energy supply in Austria shows a marked upward trend from 2013 to 2023, with value standing at 365.51 thousand tonnes of oil equivalent in 2023. Year-on-year variation over the past two years reveals significant growth: 36.21% in 2021 and 26.45% in 2022, signaling a robust increase in renewable energy adoption. The previous five years have seen an average annual growth rate (CAGR) of 23.91%, highlighting a strong and consistent incline in solar photovoltaic deployment.
Looking ahead, forecasted data from 2024 to 2028 predicts a continuation of this trend but at a slightly diminished annual growth rate with an estimated five-year CAGR of 9.55%. The overall solar energy supply is expected to grow by approximately 57.8% from 2023 to 2028.
Future trends to watch for include potential technological advancements in solar panel efficiency, government policy changes and incentives for renewable energy, and economic factors that may impact investment in renewable energy infrastructure. Monitoring market entry of new players and innovations in storage and grid integration will also be crucial in understanding future supply dynamics.
