Austria's solar photovoltaic (1+ MW) electricity production capacity has shown remarkable growth from 12.63 MW in 2013 to 148.68 MW in 2023. The year-on-year variation over the past two years showed a steady increase, with a 26.03% rise in 2022 followed by a 20.37% increase in 2023. From 2019, the compound annual growth rate (CAGR) stands impressive at 35.28%, showcasing sustained growth in this sector.
Looking ahead, forecasted data reveals a continued upward trend with expected capacity reaching 272.62 MW by 2028. This indicates a forecasted 5-year CAGR of 9.43%. Key trends to watch include advancements in photovoltaic technology, government incentives, and the integration of solar power into Austria's energy grid as part of the broader push for renewable energy adoption.
