The solar photovoltaic production in Belgium demonstrated a consistent upward trend from 2013 to 2023. In 2023, production stood at 561.56 Thousand Tonnes of Oil Equivalent. Year-on-year variation from 2021 to 2022 was 8.69%, followed by a 6.96% increase from 2022 to 2023. The five-year CAGR up to 2023 averaged 10.84%, indicating steady growth.
Forecasted data from 2024 onwards suggest a continued increase, although at a more moderate CAGR of 3.04% for the next five years. By 2028, production is predicted to reach 689.8 Thousand Tonnes of Oil Equivalent, reflecting a 16.16% growth from 2023 levels.
Future trends to watch for include advancements in solar technology, policy changes promoting renewable energy, and potential economic factors that could impact production rates. Additionally, industry investments and consumer adoption rates will be critical in driving future growth.
