Switzerland will likely reach about 6.2 GW of cumulative installed PV capacity by the end of this year, according to new figures released by Swissolar, the nation’s PV association.

Switzerland installed more than 1.5 GW of PV systems this year. This corresponds to market growth of more than 40%, according to provisional figures from Swissolar. It said that annual growth has increased sixfold since 2017.

The country added around 1 GW of new PV in 2022 and about 683 MW in 2021

The solar association attributed this year's performance to rebates for small and medium-sized ground-mounted PV systems, contributing to 28.5% year-on-year growth in the rooftop segment, with energy prices identified as the main factor by Swissolar.

At the end of 2023, Switzerland will likely reach about 6.2 GW of cumulative installed PV capacity, according to Swissolar. The association said the country will cover around 10% of its electricity demand with solar in 2024.

The industry association expects additional market growth of 10% for the coming year. Switzerland is therefore on the right path to increase expansion to more than 2 GW per year in 2027, when 35 TWh of solar power will likely be consumed every year.