Can solar energy be harnessed in Denmark?

There is great potential for harnessing solar energy in Denmark. At the same time, the costs associated with producing electricity from solar PV (photovoltaics) have dropped significantly in recent years, and solar PV are now one of the most cost-effective and competitive ways of producing electricity.

How many solar PV installations are there in Denmark?

The latest version can be found below and shows a total expansion of solar PV in Denmark of more than 3.3 GW as of 1 July 2023.. The installations consist of both large installations in the open country as well as smaller installations, mainly on rooftop. Solar PV Statistics 2nd quarter 2023 (Only available in Danish)

How much solar energy does Denmark use?

Solar energy provided for about 6% of the total electricity consumed in Denmark by the end of 2022. Despite its relatively small contribution to the country's energy mix, solar PV is becoming increasingly competitive with other forms of energy generation in Denmark.

Is Denmark a good place to install solar panels?

In the past three years, Denmark has witnessed a remarkable surge in its solar PV capacity, with the year 2022 being the most prolific, accounting for a staggering ~1600 MW of new installations.

How competitive is solar PV in Denmark?

Despite its relatively small contribution to the country's energy mix, solar PV is becoming increasingly competitive with other forms of energy generation in Denmark. The competitiveness of the technology continued to improve due to much sharper increases in natural gas and coal prices and relatively high electricity prices.

Does Denmark have a solar market?

Denmark has achieved more than 1000 MW of PV installation by December 2019 and is expected to increase its solar market by a CAGR of more than 10% to install 4900 MW, by 2030, according to the Danish government successfully. In November 2018, Danish Energy Agency announced the tender results of PV projects.