Between 2013 and 2018, the solar photovoltaic production in Spain showed alternating periods of growth and decline. From 2019 onwards, there was a significant uptrend, particularly marked by notable jumps in 2020 (66.4% year-on-year) and an increasing CAGR. By 2023, the production stood at 123.38 thousand terajoules, reflecting a 21.85% year-on-year increase from the previous year. This pattern indicates an acceleration in solar energy adoption and production capacity expansion.
Looking forward, from 2024 to 2028, a steady CAGR of 9.69% is expected, pointing towards continued growth in the sector. Future trends to watch include advancements in solar technology, policy incentives, and investment flows, which will further shape Spain's solar photovoltaic market trajectory.
