Electricity production capacities of solar photovoltaic installations (20 Kw - 1000 Kw) in Malta stood at 96.93 MW in 2023. Over the past decade, there has been steady growth, with significant year-on-year increases especially between 2013 to 2015 when the growth exceeded 75%. More recent years saw a stabilization in growth rates, with a moderate average annual CAGR of 14.04% observed over the last five years.
Key Future Trends to Watch For:
- The forecasted annual growth rate averages at 5.02% for the coming five years, signaling a continuation of expansion but at a slower pace.
- Consistent investment and technological advancements might spur more rapid growth.
- Policy changes and incentives from the Maltese government could impact future capacity increases.
