This report provides an in-depth analysis of Austria’s PV market and developments over the past year.
2023 was a landmark year for PV installations in Austria, with a total of 2.6 GW of new photovoltaic capacity installed, representing one of the highest per capita installation rates in Europe. This unprecedented growth was driven by a combination of factors, including rising energy costs, geopolitical tensions, and a strong desire for energy independence. Austria’s reliance on PV as part of its renewable energy transition has reached new heights, with PV now contributing significantly to the country’s overall energy mix.
Key Highlights of the Report:
- Total Installed Capacity: 2.6 GW in 2023, with rooftop systems and large-scale installations leading the growth.
- High Demand: Residential rooftop systems saw particularly high demand, resulting in waiting times and inflated prices due to supply constraints.
- Economic Impact: The total value of installed systems reached approximately €4.3 billion in 2023.
- Policy Support: Austria’s Renewable Energy Sources Expansion Act (EAG), introduced in 2021, continues to support PV growth with market premiums and investment subsidies.
