The solar photovoltaic gross available energy in Portugal has shown a consistent and significant upward trend over the past decade. Between 2013 and 2023, the energy volume grew from 479.14 GWh to 3230 GWh. The year-on-year variation saw a peak growth rate of 33.44% in 2019 and a steady increase of 18.26% in 2023. Over the last five years, the Compound Annual Growth Rate (CAGR) has averaged at 26.28%, reflecting robust development in the sector.
Looking ahead, from 2024 onwards, the forecast suggests slightly slower but still substantial growth with a five-year CAGR of 8.69%, leading to a projected 51.67% increase by 2028. Future trends to watch for include technological advancements in photovoltaic efficiency, government policies favoring renewable energy, and increased investments in solar infrastructure, which could further accelerate the growth trajectory.
