Denmark's solar energy capacity saw significant growth from 571 MW in 2013 to 3,270 MW in 2023, an overall increase of 472%. In 2023, the capacity stood at 3,270 MW. The year-on-year variation in 2022 was 46.13%, the biggest jump since 2021’s 30.65%. Over the past two years, growth trends show a substantial increase, particularly with 31.41% in 2023. The 5-year CAGR from 2018 to 2023 was 26.81%, reflecting a strong upward momentum.
Starting from 2024, forecasts show a continued rise, with solar capacities expected to reach 7,120 MW by 2028. The forecasted 5-year CAGR is 11.96%, indicating steady growth. The overall growth rate expected over these five years is 75.89%, showcasing Denmark's commitment to expanding its renewable energy sector.
Future trends to watch for include innovations in solar technology efficiency, policy incentives to boost green energy, and collaborative efforts within the EU to meet renewable energy targets. Monitoring these factors can provide further insights into the sustainability and expansion of Denmark’s solar energy capacity.
