Our recently published Western Europe solar PV outlook, available via our Global Solar Markets Service, explores the evolution of solar policy, retail rates, demand dynamics and other key market trends that inform our forecasts for the region.
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What is Solarpower Europe?
SolarPower Europe is the award-winning link between policymakers and the solar PV value chain. Get to know the SolarPower Europe team working to transform the European energy system. Get to know everything about solar power. Interested in joining SolarPower Europe?
What is the solar energy landscape in Europe?
The solar energy landscape in Europe has rapidly evolved, positioning the continent as a significant player in global renewable energy production. As of 2023, the European Union (EU) boasts a total installed solar capacity of approximately 263 gigawatts (GW), making it the second-highest region in the world for solar power capacity.
The European solar market slows to 65.5 GW of new installations in 2024, marking just a 4% growth compared to 2023. Explore the challenges and future outlook for solar energy in Europe and beyond. What's Happening to Solar Energy in Europe (and Italy)? What's Happening to Solar Energy in Europe (and Italy)?
Germany continues to lead the pack, with over 60 GW of installed photovoltaic (PV) capacity, driven by long-standing governmental incentives and a robust public commitment to renewable energy. Following Germany, Spain and Italy have emerged as key contributors to Europe's solar capacity, with 8.2 GW and around 20 GW, respectively.
Will European solar power grow in 2024?
European solar power continues to grow, setting a new historical record in 2024. However, the rapid momentum seen at the beginning of the decade has started to wane. According to the EU Market Outlook for Solar Power by SolarPower Europe, the growth rate has slowed significantly—from 53% in 2023 to just 4% this year.
How much solar power will Europe have by 2030?
In the low-growth scenario, total capacity is projected to reach only 644 GW by 2030—falling 14% short of the REPowerEU target. SolarPower Europe estimates that based on national energy and climate plans (PNECs), EU Member States will collectively achieve 687 GW by the end of the decade.