The solar photovoltaic energy supply in Malta displayed a significant growth trajectory from 2013 to 2023, reaching 306.04 GWh in 2023. The early years saw substantial year-on-year increases with a notable leap of 132.03% in 2014 followed by large increases through 2018. From 2019 to 2023, the growth moderated, reflecting a stabilizing market with more modest annual increases, such as 8.73% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years shows an average annual increase of 10%.
Future trends to watch for include a projected 5.18% CAGR through 2028, indicating continued but more moderate growth. Specifically, a 28.7% growth rate over the next five years suggests that Malta's solar photovoltaic sector will keep expanding, albeit at a slower pace compared to previous years.
