The installed capacity of solar photovoltaic (< 20 Kw) electricity production in Portugal has shown significant growth over the past decade, standing at 48.96 MW in 2023. The year-on-year increase from 2022 to 2023 was 8.38%, and the CAGR over the last five years was 13.01%. Historical trends indicate periods of both growth and slight declines, with notable acceleration between 2020 and 2023. As we look ahead, forecast data predict continued growth, with a 5-year forecasted CAGR of 5.1%, leading to an expected capacity of 67.6 MW by 2028.

Future trends to watch for include:

Continued investments in renewable energy infrastructure.
Government policies and incentives aimed at boosting solar energy adoption.
Technological advancements improving the efficiency and affordability of solar panels.