EU Solar Power Market Outlook 2019-2023 is available

EU Solar Power Market Outlook 2019-2023 is available

EU Market Outlook For Solar Power 2019-2023 has been published in December 2019.

Main points of the overview:

  • 2019 was one of the best years ever for solar in the European Union. The region installed 16.7 GW – a 104% increase over the 8.2 GW added the year before. Further, 2019 also showed the strongest solar growth since 2010, when the EU PV market also increased by 104% during the first European solar boom, although to a lower level, reaching 13.4 GW.
  • solar in the European Union has accelerated its upswing phase. In 2019, the number of EU member states that connected more solar to the grid than the year before increased by four to 26. The broadening of solar support in the EU lead to a total of 131.9 GW by the end of 2019; a 14% increase over the 115.2 GW operating the year before.
  • In 2019, four EU solar markets installed more than 1 GW of solar – Spain, Germany, Netherlands, and probably France, according to our preliminary estimates based on Q1-Q3/2019 data. That would be twice as much as in 2018, when Germany and the Netherlands reached that level, and four times more than in 2017, when only Germany was in that range. For 2020, we expect at least one other market to expand that group – and that is Poland, which was the fifth largest solar market in the European Union in 2019.

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