Market Report

Northern Europe solar PV outlook 2024

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Presenting our latest 10-year outlook for solar PV development in Northern Europe, this regional report focuses on the main solar market drivers, opportunities and barriers for large-scale development and distributed installations in the UK, Ireland, Sweden, Denmark, Norway, Finland and the Baltic States. Hitting 128 GWdc by 2033, regional solar cumulative capacity is set to quadruple in Northern Europe in the next 10 years. The UK will lead solar generation in the region, adding almost a third of total installed capacity in the region from 2024 to 2033. The report also includes Wood Mackenzie's first segmented forecast for Finland, breaking down annual solar installations and cumulative capacity projections in the Nordic market into the residential, commercial, industrial and utility-scale segments.

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    Northern Europe solar PV outlook 2024_PR.pdf

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