Switzerland Aims for 10% Solar Share in 2024

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Switzerland Aims for 10% Solar Share in 2024

Posted by: Baris Karapinar
Category: ESG News

Switzerland has finished the year with approximately 1,500 MW of newly installed solar photovoltaic (PV) capacity, marking a nearly 40% increase from the previous year, as stated by industry association Swissolar. This estimation is based on data from funding agency Pronovo and market input.

By the end of 2023, the total solar capacity in Switzerland is anticipated to surpass 6,200 MW, facilitating an annual electricity production of about 6 TWh in the coming year. This development is expected to raise the contribution of solar power to Switzerland’s total annual power consumption to 10% by 2024.

The evaluation highlights substantial growth in both smaller and larger solar systems this year. The expansion of larger systems was particularly boosted by a new subsidy for installations without self-consumption.

Several factors contributed to the increased adoption of solar energy, including high electricity prices affecting large users, and the growing popularity of electromobility and heat pumps, driving the demand for photovoltaics.

Swissolar foresees a continued market growth of at least 10% in 2024, bringing the country closer to its goal of adding over 2,000 MW of new solar capacity annually starting in 2027.

Link to the news source

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