In 2023, Norway's solar photovoltaic production was at 28.5 Thousand Tonnes Of Oil Equivalent. From 2024 onwards, substantial growth is forecasted in solar photovoltaic production. Between 2024 and 2028, production is expected to rise from 33.17 to 56.71 Thousand Tonnes Of Oil Equivalent. This represents significant year-on-year increases, with growth rates showing a consistent upward trajectory.
Year-on-year variation:
- 2024-2025: 17.9%
- 2025-2026: 15.1%
- 2026-2027: 13.0%
- 2027-2028: 11.5%
The compounded annual growth rate (CAGR) from 2023 to 2028 is approximately 15.16%.
Future trends to watch for include advancements in solar technology, potential changes in government energy policies, and the impact of global energy markets. Investment in sustainable energy infrastructure and public-private partnerships will also play crucial roles in maintaining this growth trajectory.
