In 2023, the UK’s solar photovoltaic energy supply stood at 59.66 thousand terajoules. The forecast from 2024 to 2028 predicts a steady increase in supply, reflecting a growing emphasis on renewable energy. Year-on-year analysis shows consistent growth: 4.58% in 2024, 4.6% in 2025, 4.32% in 2026, and 4.10% in 2027. The five-year compound annual growth rate (CAGR) estimates an average annual growth of approximately 4.34%.
Future trends to watch for include:
- Government policy changes favoring increased solar adoption.
- Technological advancements in solar efficiency.
- Shifts in market dynamics impacting energy pricing.
