The growth of solar photovoltaic (PV) gross electricity production in the Netherlands has exhibited robust upward trends from 2013 to the present. In 2023, the production stood at 1,490.0 thousand tonnes of oil equivalent, marking a significant increase. The average year-on-year growth rates for this period have largely been positive, with a notable spike in 2018 at 68.2% and a subsequent decline in growth rates to 20.03% in 2023. Meanwhile, the five-year compound annual growth rate (CAGR) averaged 36.08% leading up to 2023. These figures reflect significant progress in solar energy adoption and utilization.
Looking ahead, the forecasted data from 2024 onwards indicate a continuation of growth, albeit at a more moderated pace, with a five-year CAGR projected at 9.21% and an overall growth rate of 55.32% over the next five years up to 2028.
Future trends to watch for:
- Technological advancements in solar PV systems improving efficiency.
- Government policies and incentives to boost renewable energy adoption.
- Market dynamics such as changes in energy prices and competition from other renewable sources.