EU Solar grows with 80%

EU Solar grows with 80%

Green power: Global investments reached USD 300 billion. A relatively large proportion of these billions has been done by emerging countries such as Burundi, Kenya, Honduras, Jordan and Uruguay.

The next 3 years, Solar Power Europe expects the EU Solar Market to be grown with 80%. In 2015, sales of solar PV increased with 15%.

 The research team of Solar Power Europe studied the PV market systems. This is the link to the report Global Market Outlook for Solar Power 2015-2019

Striking results

Some of the striking results of the market analysis:

  • At least 40 GW of PV systems were installed globally in 2014, up from 37 Gw in 2013 setting a new record for the solar PV sector
  • China, Japan and USA were the three top markets in 2014
  • the 540 GW mark at a global level could be reached in five years’ time
  • 7 Gw of PV capacity were connected to the grid in Europe in 2014, compared to 10.5 GW in 2013 and 17.7 GW in 2012
  • For the first time, the United Kingdom lead the development of solar power in the EU with 2.4 GW, followed by Germany (1.9 GW) and France (927 MW)
  • Solar PV is covering more than 7 % of the electricity demand in 3 countries in the EU: Italy, Germany and Greece
  • Solar Power could grow in the EU by 80% by 2019 (…)

Ranking countries

  • Looking at the leading markets, the UK took the first place in the EU with 2.4 GW installed
    Moreover, while these 2.4 GW represent the official figure in terms of connections; real installations could have been higher based on the module shipment recorded in the country.
  • Second in 2014, Germany installed less than 2 GW (1.9 GW), below the official target of 2.5 GW. The global PV leader was under pressure to lower the costs of the support system, with new regulations leading to a 75% reduction of the market over two years (from 7.6 GW to 1.9 GW).
  • France, the third European market in 2014 installed close to 1 GW, driven by tenders granted in the past and the growing distributed market.

Beside the top three countries, Italy is in a transition period with less than 400 MW installed despite a good regulatory framework. In markets driven by net-metering, the evolution was rather negative in Belgium and Denmark, while the market in The Netherlands increased in 2014. Portugal and Austria installed more than 100 MW.

50 GW

Annual global grid-connected solar rose by over 25% to more than 50 GW in 2015, from 40.1 GW in 2014

It is good to see the European solar power sector again on the growth path in 2015,” says James Watson, CEO of SolarPower Europe. Peaking in 2011, demand for solar power installations in Europe declined for 3 consecutive years.

Watson added, “Solar needs clear signals from policy makers in Europe to be able to contribute to achieving the climate goals agreed in Paris. With solar being competitive for residential and commercial applications in most European countries today, investors need a secure political framework for generation, self-consumption and storage of solar energy.”

EU Solar Power

SolarPower Europe is unique in comparison to other market analysts, because it examines grid-connected solar systems rather than product shipments or installations.
Final numbers for 2015 will be presented in a new report in March. Estimates for 2016, including market forecasts until 2020, will be published in SolarPower Europe’s ‘Global Market Outlook For Solar Power 2016 – 2020,’ which will be launched at Intersolar Europe in June.

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