Based on the provided data on the forecasted solar photovoltaic gross electricity production in Spain from 2024 to 2028, there is a consistent upward trend. The values are projected to increase from 3.39 million tonnes of oil equivalent in 2024 to 5.15 million tonnes of oil equivalent in 2028, indicating strong year-on-year growth.
Year-on-year variations:
- 2024–2025: +13.56%
- 2025–2026: +11.69%
- 2026–2027: +10.00%
- 2027–2028: +8.88%
The compound annual growth rate (CAGR) for the forecasted period from 2024 to 2028 stands at approximately 11.01%, demonstrating robust growth in the solar photovoltaic sector.
Future trends to watch for include advancements in solar technology, potential regulatory changes, and market incentives, which could further accelerate production. Additionally, monitoring global supply chain dynamics and raw material costs will be crucial in understanding future growth trajectories.