The supply of solar thermal energy in Italy has shown a consistent upward trend from 2013 to 2023, increasing from 168.2 Thousand Tonnes of Oil Equivalent (kTOE) in 2013 to 263.03 kTOE in 2023. Year-on-year variations have generally decreased over this period, from 8.27% in 2013 to 3.18% in 2023. The Compound Annual Growth Rate (CAGR) has also tapered, falling from 20.26% in 2013 to 3.77% in 2023.
Looking ahead to the forecasted period (2024-2028), the growth rate is expected to slow further, with a forecasted 5-year CAGR of 1.81% and an overall growth rate of 9.38%. By 2028, the supply is projected to reach 295.97 kTOE.
Future trends to watch for include advancements in solar thermal technologies, potential government policies promoting renewable energy, and economic factors influencing investment in solar infrastructure. Monitoring these trends will provide better insights into the sustainability and growth of solar thermal energy in Italy.
