In 2023, Denmark's solar photovoltaic (PV) production stood at 132.2 thousand tonnes of oil equivalent, growing consistently from 44.5 in 2013. Major surge points include 2016 (23.09% growth) and 2020 (22.55% growth). Despite fluctuations, the compound annual growth rate (CAGR) has shown resilience with a five-year CAGR of 10.04% up to 2023.
Future projections suggest continued growth, albeit at a slower pace, with a forecasted five-year CAGR of 4.96%, culminating in a 27.36% cumulative increase by 2028. This aligns with a maturing market and technological advancements in solar PV efficiency.
Trends to watch for include potential policy shifts, advancements in PV technology, and broader adoption of renewable energy sources which could further bolster production rates.
