The gross inland consumption of solar photovoltaic energy in the UK has shown significant growth from 2.01 thousand gigawatt-hours in 2013 to 16.49 thousand gigawatt-hours in 2023, reflecting a total growth of approximately 720%. The year-on-year variation highlights rapid growth in earlier years, particularly from 2013 to 2016, with a peak of 101.68% between 2014 and 2015. Growth has decelerated in recent years, with a year-on-year variation of 5.28% in 2023. The compound annual growth rate (CAGR) over the last five years is 5.3%, indicating a steady increase.
Looking ahead, the forecasted CAGR over the next five years is 3.36%, projecting a growth rate of 17.96% by 2028, bringing the value to approximately 20.39 thousand gigawatt-hours. Future trends to watch for include advancements in solar technology, government policies promoting renewable energy, and potential economic changes impacting the solar industry. The trend suggests a continued but more moderate increase in solar photovoltaic consumption, reflecting a maturing market with stable growth expectations.
