The gross electricity production from solar photovoltaic in Italy stood at 92.7 thousand terajoules in 2023. Over the past two years, the year-on-year growth has been steady with variations of 1.46% in 2022 and 1.36% in 2023. The average annual growth rate (CAGR) over the last five years has been 2.59%, indicating a moderate but consistent rise in production.
- 2013: 14.46% YoY, 156.89% CAGR- 2014: 3.32% YoY, 101.2% CAGR- 2015: 2.85% YoY, 64.48% CAGR- 2016: -3.65% YoY, 15.41% CAGR- 2017: 10.29% YoY, 5.26% CAGR- 2018: -7.07% YoY, 0.97% CAGR- 2019: 4.57% YoY, 1.21% CAGR- 2020: 5.29% YoY, 1.69% CAGR- 2021: 0.39% YoY, 2.52% CAGR- 2022: 1.46% YoY, 0.83% CAGR- 2023: 1.36% YoY, 2.59% CAGR- 2028: 4.5% 5-year growth rate, 0.88% forecast CAGR
Future trends to watch for include technological advancements in solar panel efficiency and storage solutions, policy changes favoring renewable energy investments, and potential market shifts due to energy demand and pricing dynamics. These factors could significantly influence the pace of future growth in solar photovoltaic electricity production in Italy.
