The solar energy generation in Belgium has experienced significant growth from 2013 to 2023, standing at 7.76 Terawatt-hours in 2023. The year-on-year variation highlights notable jumps, with a remarkable increase of 14.58% in 2023. Over the last two years, the growth was robust with +14.58% in 2023 following +20.52% in 2022. The Compound Annual Growth Rate (CAGR) over the past five years is also noteworthy, demonstrating a consistent average increase of around 14.73% per year.
Looking ahead, from 2024 to 2028, the forecasted data suggest a steady upward trajectory in solar energy generation, with a projected CAGR of 7.91% and an anticipated total increase of 46.31% by 2028. Future trends to watch for include advancements in solar technology, government policies, and potential incentives that could further boost solar energy production, alongside the impacts of economic and environmental factors in driving solar adoption.
