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European PV market picks up
publisherAoHong
time2019/04/04
- Since the launch of the first commercial solar photovoltaic installation in Germany in the 1990s, about 110 GW of solar power has been installed in Europe, accounting for about 23% of the installed capacity of solar power installed worldwide. However, during the period from 2013 to 2017,
European PV market picks up
Since the launch of the first commercial solar photovoltaic installation in Germany in the 1990s, about 110 GW of solar power has been installed in Europe, accounting for about 23% of the installed capacity of solar power installed worldwide. However, during the period from 2013 to 2017, the European PV market was sluggish, with an average installed capacity of no more than 4-6 GW per year, behind the United States, China and India. Now, all this is facing changes, and Europe has plans to re-establish its leadership. In the 1920s, with the development of unsubsidized solar energy, energy smart homes and communities, corporate greening and zero-emission hydrogen, Europe may re-emerge as a global power in the era of solar-powered energy systems.
GTM Research estimates that by 2022, 10 to 17 GW of electricity will be installed each year in Europe, bringing the cumulative capacity to 182 GW. Bloomberg expects European installed capacity to increase to 1,400 GW by 2050. By 2050, solar energy will become a major source of electricity generation in Europe, and its share of total consumption will increase from about 5% in 2018 to 36% in 2050. The main driving force for renewed optimism is the goals set by EU countries. In 2030, the greenhouse gas emissions of the African continent will be reduced by 40%, and by 2050 by 80%. Most observers expect the EU to set more ambitious goals later this year.