With a growth rate of 104%, Europe’s solar photovoltaic industry is experiencing a “boom in installations,” according to statistics published on Tuesday (10 December) by SolarPower Europe, an industry association.
2019 is one of the best years on record for the solar PV industry, according to the first EU Market Outlook published today.
With 16.7 gigawatts (GW) of installations added in the region, growth reached 104% in 2019, more than doubling the 8.2 GW that were added the year before, the group said.
“This boom in installations demonstrates that solar in Europe is on the right track,” said Walburga Hemetsberger, CEO of SolarPower Europe. “We have entered a new era of solar growth, with more new solar capacity installed than any other power generation technology in 2019,” she said in a statement.
The steep growth in solar installation is primarily explained by the spectacular decline in the cost of solar PV modules, according to Aurélie Beauvais, policy director of SolarPower Europe.
But the good figures are also driven by policy measures, with a deadline approaching for EU countries to meet their legally-binding renewable energy targets for 2020, Beauvais added.
Spain was the largest market in 2019, adding 4.7 GW, followed by Germany (4 GW), the Netherlands (2.5 GW), France (1.1 GW), and Poland, which nearly quadrupled its installation capacity to 784 megawatts (MW).
By the end of 2019, SolarPower Europe said the EU will enjoy a total of 131.9 GW, a 14% increase over the 115.2 GW operating in 2018.
And the trend is expected to continue, with new Europe-wide renewable energy target on the horizon for 2030 and a net-zero carbon emission objective in the pipeline for 2050.
“We are only at the beginning of a long upward trend for solar in Europe,” according to Michael Schmela, head of market intelligence at SolarPower Europe, who said the industry expects a 26% increase in 2020, bringing installations on track to reach 21.9 GW in 2021.
SolarPower Europe expects 2022 to be the next record-breaking year, with an anticipated all-time high of 24.3 GW of installations. And 2023 is again expected to beat that record, with a forecast 26.8 GW of newly-installed solar capacity.
“The coming years are looking truly phenomenal for solar deployment in Europe,” Schmela said.
[Edited by Zoran Radosavljevic]