The solar photovoltaic gross electricity production in Finland has seen substantial growth over the past decade, rising from 23.23 terajoules in 2013 to 1640 terajoules in 2023. This represents a year-on-year growth rate of 20.8% in 2023 and a compound annual growth rate (CAGR) of 38.17% over the past five years. Historical data shows significant year-on-year variations, with peaks like 119.85% in 2017 and a steady but slower pace more recently.
- Historical peak growth: 119.85% in 2017
- Most recent year-on-year growth (2023): 20.8%
- 5-year CAGR leading to 2023: 38.17%
- Forecasted 5-year CAGR (2024-2028): 9.55%
Future trends to watch for include further technological advancements, potential policy changes favoring renewable energy, and ongoing scalability of solar installations which are likely to sustain growth, albeit at a moderated pace with an expected CAGR of 9.55% up to 2028.