Germany leads European Solar Photovoltaic (PV) Gross Available Energy in 2024 with a value of 4.45 Million Tonnes of Oil Equivalent (MTOE), marking a year-on-year growth of 3.56%. Spain follows with 2.9 MTOE, showing a remarkable 33.8% increase from 2023. Italy is third at 2.22 MTOE, experiencing a 2.61% rise. France and the Netherlands also show strong growth with 12.45% and 36.08% increases, respectively. Notably, Ukraine and Poland exhibit substantial growth rates of 68.64% and 92.09%, driven by significant investments and policy support.
A few countries stand out due to their exceptional growth trajectories; for instance, Estonia at 81.41% and Norway at 167.42%. Central and Eastern European countries such as Hungary and Poland are also making significant strides with 59.29% and 92.09%, respectively. Meanwhile, Romania has seen a slight decline of 1.29%, indicating potential policy or investment challenges.
Looking forward, expect continued robust growth in the European Solar PV sector, particularly in countries investing heavily in renewable energy infrastructure like Norway, Poland, and Ukraine. Enhanced EU policies promoting renewable energy adoption and technological advancements in solar efficiency will further drive this upward trend. Additionally, the instability due to geopolitical factors and the push for energy independence will likely accelerate solar PV adoption across Europe.
Top countries in Solar Photovoltaic Gross Available Energy by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,450 | 2023 | +1.98% | +3.56% | View data |
| 2 | 2 Spain | 2,900 | 2023 | +20.82% | +33.8% | View data |
| 3 | 3 Italy | 2,220 | 2023 | +1.39% | +2.61% | View data |
| 4 | 4 France | 1,690 | 2023 | +11.03% | +12.45% | View data |
| 5 | 5 Netherlands | 1,490 | 2023 | +20.03% | +36.08% | View data |
| 6 | 6 United Kingdom | 1,420 | 2023 | +5.28% | +5.3% | View data |
| 7 | 7 Ukraine | 1,290 | 2023 | +24.93% | +68.64% | View data |
| 8 | 8 Poland | 675.66 | 2023 | +33.16% | +92.09% | View data |
| 9 | 9 Belgium | 561.56 | 2023 | +6.96% | +10.84% | View data |
| 10 | 10 Hungary | 554.6 | 2023 | +25.82% | +59.29% | View data |
