The Solar Photovoltaic Gross Available Energy in Finland has shown a robust upward trend from 2013 to 2023, standing at 1640 Terajoules in 2023. The year-on-year growth rates have varied significantly over the years, reaching a peak in 2017 with a 119.85% increase. From 2019 to 2023, the growth rates have gradually declined but remained strong, with a 20.8% increase recorded in 2023. The Compound Annual Growth Rate (CAGR) over the past five years was an impressive 38.17%, highlighting sustained high growth.
Future projections indicate continued growth, albeit at a slower pace. The forecasted CAGR for the next five years is 9.55%, leading to an expected increase of 57.79% by 2028. This suggests a maturation of the market with incremental boosts rather than exponential jumps.
Future trends to watch for:
- Improvements in Photovoltaic technology and efficiency
- Regulatory changes and government incentives
- Market penetration and adoption rates
- Global energy price fluctuations
- International supply chain dynamics
