The solar photovoltaic gross available energy in Austria has shown a remarkable increase from 2013 to 2023, rising from 53.82 to 365.51 thousand tonnes of oil equivalent. The year-on-year variations are as follows: 85.48% in 2013, 25.44% in 2014, 19.34% in 2015, 16.96% in 2016, 15.78% in 2017, 14.67% in 2018, 16.97% in 2019, 20.02% in 2020, 36.21% in 2021, 26.45% in 2022, and 20.81% in 2023. The last 5-year CAGR stood at 23.91%, illustrating significant growth.
Future forecasts indicate continued growth with values projected to reach 675.65 thousand tonnes of oil equivalent by 2028. The forecasted 5-year CAGR from 2023 to 2028 is 9.55%, with an overall growth rate of 57.8% over this period.
Future trends to watch for include advancements in solar panel efficiency, potential new government incentives or regulations, and the impact of technological innovation on production and storage capacities.
