Denmark's solar energy generation has seen significant growth from 2013 to 2023, standing at 2.18 TWh by the end of 2023. The year-on-year variation showed substantial fluctuations, with notable increases in 2018 (26.9%), 2020 (22.64%), 2022 (48.13%), and a smaller yet consistent growth in 2023 (12.53%). The five-year CAGR reached 18.02% by 2023. Looking forward from 2024 onwards, solar generation is expected to continue its upward trajectory, with a forecasted five-year CAGR of 7.98% and an overall growth rate of 46.79% by 2028.
Future trends to watch for:
- Advances in solar technology and efficiency improvements
- Government policies and incentives to promote renewable energy
- Integration of solar energy with other renewable sources and grid systems
- Public and private sector investments in solar infrastructure
