The solar photovoltaic (PV) gross electricity production in the Netherlands has showcased a strong upward trajectory from 2013 to 2023. Actual data reveals a consistent year-on-year increase, skyrocketing from 410 GWh in 2013 to 17,280 GWh in 2023. The Compound Annual Growth Rate (CAGR) for the past five years stands at an impressive 36.05%, underlining robust growth in solar energy adoption. Despite a gradual deceleration in growth rates year-on-year, the segment has maintained substantial upward momentum.
Looking ahead from 2024, forecast data suggest continued strong, albeit slower, growth with a five-year CAGR projected at 9.19%. The production is expected to rise from 20,130 GWh in 2024 to 31,250 GWh by 2028, indicating a total growth of approximately 55.21% over this period.
Future trends to watch for include advancements in solar PV technology, increased government incentives, and broader societal push towards renewable energy. These could further enhance production capacity and efficiency, ensuring sustained growth in the sector.