The UK's Solar Photovoltaic electricity production capacities (< 20 kW) exhibited steady growth from 2013 to 2023, starting at 1.29 thousand megawatts and reaching 3.15 thousand megawatts by 2023. The CAGR over the last five years (2018-2023) stood at 4.82%, with significant yearly variations seen in 2021 (12.8%) and 2023 (4.41%). Forecasts for 2024 to 2028 indicate continued growth, though at a more modest pace, with a 5-year CAGR projected at 2.88%.
Future trends to watch for include technological advancements in photovoltaic efficiency, potential changes in government policy and subsidies, and the impact of economic factors on consumer investment in solar technologies.
