Swissolar Forecasts Over 6.2 GW Photovoltaic Capacity in Switzerland by 2024

In 2023, high electricity prices and growing demand for electric vehicles and heat pumps fueled significant solar growth. Boosted by a new government subsidy, both small and large-scale solar systems contributed to this surge.

Swissolar predicts Switzerland's cumulative PV capacity will surpass 6.2 GW in 2024, generating around 6 TWh annually. This marks 10% of the country's total electricity consumption, a goal set by Swissolar in 2011 for 2025.

This growth trend is expected to continue into 2024, with the association forecasting a minimum 10% annual market capacity increase. By 2027, Switzerland aims to exceed 2 GW annual capacity, contributing to a 35 TWh renewable energy share.