European Solar Photovoltaic (< 20 Kw) Electricity Production Capacities by Country

European Solar Photovoltaic (< 20 Kw) electricity production capacities have shown diverse trends across different countries as of 2024. Italy leads with a capacity of 5.98 thousand megawatts, having grown 7.29% year-on-year up to 2023. Belgium follows with an 11.6% increase, reaching 4.48 thousand megawatts. Austria exhibits a notable 23.75% growth, achieving 4.07 thousand megawatts. On the contrary, Germany's capacity decreased by 38.58%, now standing at 0.961 thousand megawatts.

Several countries, such as Hungary and Sweden, experienced substantial growth rates of 46.54% and 46.42% respectively. In contrast, countries like Greece (2.62%) and Montenegro (0.0%) displayed minimal fluctuations. Estonia had the highest growth rate at 48.6%, even with a smaller production capacity of 0.0739 thousand megawatts.

Over the past five years, the Compound Annual Growth Rate (CAGR) showcases a variety of average annual increases and decreases across different nations.

Future trends to watch in the European solar PV market include further growth driven by technological advancements, subsidy schemes, and increasingly favorable legislation. Enhanced efficiency of solar panels and storage solutions, coupled with the expansion of decentralized energy systems, will likely propel countries with lower base capacities to witness higher growth rates.