The UK’s solar thermal energy supply has shown a mixed trend from 2013 to 2028. Starting at 556.94 GWh in 2013, the supply increased steadily, peaking at 667.41 GWh in 2022 before slightly rising to 681.29 GWh in 2023. Notably, a significant dip occurred in 2020, attributed to external factors, followed by recovery and stabilization in the subsequent years. Year-on-year growth varied, most notably with a 9.8% increase in 2021 and a lower but still positive change in subsequent years. Over the last five years leading to 2023, the CAGR was modest at 2.12%.
Looking ahead, the forecast suggests a continuous upwards trend with the supply reaching 754.58 GWh by 2028, representing a five-year CAGR of 1.59% and an overall forecasted growth rate of 8.19%. This indicates a steady but gradual increase in solar thermal energy supply.
Future trends to watch for:
- Technological advancements that could enhance energy efficiency and production capacity.
- Policy changes and governmental incentives that may impact the adoption rate of solar thermal energy.
- Market demand fluctuations due to alternative renewable energy sources gaining ground.
