Austria's Solar Energy Usage: Current Statistics And Future Plans

Solar energy is a prominent source of renewable energy in Austria. As of the end of 2022, solar power in Austria amounted to nearly 3.8 gigawatts (GW) of cumulative photovoltaic (PV) capacity, with the energy source producing 4.2% of the nation's electricity. The Austrian government is targeting 100% renewable electricity generation by 2030. The Austria Solar Energy Market is expected to reach 5.24 gigawatts in 2025 and grow at a CAGR of 17.47% to reach 11.72 gigawatts by 2030.

Solar energy is a prominent source of renewable energy in Austria

The Austrian government is targeting 100% renewable electricity generation by 2030. In January 2023, the government planned to accelerate the expansion of photovoltaics with a budget of USD 647 million. The Austria Solar Energy Market size is estimated to reach 5.24 gigawatts in 2025 and grow at a CAGR of 17.47% to reach 11.72 gigawatts by 2030. The government has also declared a new target of restricting the use of natural gas for heating in new buildings from 2025 onwards and phasing out all oil- and coal-fired heating systems by 2035, which is likely to increase solar thermal technologies in the coming years.

The major companies operating in the Austria Solar Energy Market include Wien Energie GmbH, Energetica Industries GmbH, Sharp Corporation, KPV Solar GmbH and Hilber Solar GmbH.

The Austrian government is targeting 100% renewable electricity generation by 2030

Solar energy is one of the most prominent sources of renewable energy in Austria, with a share of 10.5% or 2.5GW of a total 23.8GW of installed power plant capacity. In 2016, solar energy had a combined energy production of 3,439 GWh (3%) of the 112,260 GWh final energy consumption (heat, electricity, mobility) provided by renewable resources.

The Austrian government has been supporting PV installations through permitting simplification and cash grants. In 2009, the site of Zwentendorf power station became Austria's largest solar power station with an investment of 1.2 million euros and the addition of 1,000 photovoltaic panels. The Austria Solar Energy Market size is estimated to reach 5.24 gigawatts in 2025 and grow at a CAGR of 17.47% to reach 11.72 gigawatts by 2030.

In January 2023, the Austrian government planned to accelerate the expansion of photovoltaics with a budget of USD 647 million. The government has also set a new target to restrict the use of natural gas for heating in new buildings from 2025 onwards and phase out all oil- and coal-fired heating systems by 2035. This factor is likely to increase solar thermal technologies in the coming years.

The Austria Solar Energy Market is expected to reach 5.24 gigawatts in 2025

Solar energy is a prominent source of renewable energy in Austria. In 2016, solar energy had a combined energy production of 3,439 GWh (3%) of the 112,260 GWh final energy consumption (heat, electricity, mobility) provided by renewable resources. Of this, 1,096 GWh was electricity through solar photovoltaics and 2,130 GWh was through solar thermal. In 2022, solar power in Austria amounted to nearly 3.8 gigawatts (GW) of cumulative photovoltaic (PV) capacity, with the energy source producing 4.2% of the nation's electricity.

The Austrian government has planned to accelerate the expansion of photovoltaics

As of the end of 2022, solar power in Austria amounted to nearly 3.8 gigawatts (GW) of cumulative photovoltaic (PV) capacity, with the energy source producing 4.2% of the nation's electricity. The Austria Solar Energy Market is expected to reach 5.24 gigawatts in 2025 and grow at a CAGR of 17.47% to reach 11.72 gigawatts by 2030. Wien Energie GmbH, Energetica Industries GmbH, Sharp Corporation, KPV Solar GmbH and Hilber Solar GmbH are the major companies operating in this market.

In 2009, the site of Zwentendorf power station became Austria's largest solar power station with an investment of 1.2 million euros, with the addition of 1,000 photovoltaic panels. Zwentendorf was intended to be Austria's first nuclear power plant, but after a vote in 1978 prohibiting nuclear power in Austria, it was never completed.

Hydropower is the largest source of renewable energy in Austria, followed by wind, solar and bioenergy

The Austrian government is targeting 100% renewable electricity generation by 2030. In January 2023, the government planned to accelerate the expansion of photovoltaics with a budget of USD 647 million. The government also supports PV installations through permitting simplification and cash grants.

The major companies operating in the Austria Solar Energy Market include Wien Energie GmbH, Energetica Industries GmbH, Sharp Corporation, KPV Solar GmbH and Hilber Solar GmbH.

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