The solar photovoltaic (PV) energy supply in Finland has shown significant growth from 2013 to 2023, with actuals reaching 454.43 GWh in 2023. This represents a remarkable increase, with the year-on-year growth peaking at 119.85% in 2017 and gradually declining to 20.8% in 2023. Over the past five years, the compound annual growth rate (CAGR) stood at 38.17%.

Looking forward from 2024 to 2028, the solar PV energy supply is forecasted to continue growing, though at a slower pace, with a forecasted 5-year CAGR of 9.55% and an overall growth rate of 57.79%. This indicates a maturing market that is stabilizing after a period of rapid expansion.

Future Trends to Watch for:

Technological advancements in solar PV efficiency and storage solutions.
Government policies and incentives promoting renewable energy adoption.
Increasing awareness and investments in sustainable energy solutions by both the public and private sectors.
Potential impacts of global energy market changes and economic factors on solar energy investment.