As of 2024, Denmark's solar photovoltaic (PV) gross available energy stands at 142.03 thousand tonnes of oil equivalent (ktoe). The forecasted data indicates a steady increase, with projected values of 151.82 ktoe in 2025, 161.56 ktoe in 2026, 171.24 ktoe in 2027, and reaching 180.89 ktoe by 2028. Comparing the forecasted figures with the baseline year of 2023 reveals a consistent year-on-year growth rate.
Key trends and variations:
- 2024 marks an initial value of 142.03 ktoe, setting the stage for future growth.
- Projected growth to 151.82 ktoe in 2025 represents a year-on-year increase of approximately 6.87%.
- From 2025 to 2026, the expected growth is around 6.41%.
- For 2026 to 2027, the forecasted growth is about 5.99%.
- The year-on-year change from 2027 to 2028 is expected to be around 5.64%.
- The compounded annual growth rate (CAGR) from 2024 to 2028 is approximately 6.05%.
Future Trends to Watch For:
- Technological advancements in solar PV efficiency could accelerate growth beyond current forecasts.
- Government policies and incentives aimed at renewable energy adoption will be critical in supporting sustained growth.
- Market dynamics such as raw material availability and cost, and energy storage advancements, will influence future trends.
