The Solar Photovoltaic Gross Inland Consumption in Finland has demonstrated a robust growth trajectory from 2013 to 2023. As of 2023, the gross inland consumption reached 454.43 GWh. Historical data show a significant upward trend, with a compound annual growth rate (CAGR) of 38.17% over the last five years and a year-on-year increase of 20.8% from 2022 to 2023.
Looking ahead, projections indicate continued growth, albeit at a slower pace, with a forecast 5-year CAGR of 9.55% and a total growth rate of 57.79% by 2028. Future consumption figures are expected to reach 839.89 GWh by 2028.
Trends to watch for in the future include:
- Advancements in photovoltaic technology improving efficiency.
- Government policies and incentives encouraging renewable energy adoption.
- Investments in grid infrastructure to handle increasing solar capacity.
- Market dynamics such as energy prices and international solar markets.
