The road to 100 GW
Opportunities and challenges abound in the European PV market, according to Susanne von Aichberger, senior clean energy analyst at S&P Global Commodity Insights. Despite continuing oversupply issues, changes in policy direction, and grid connection headaches, Europe is on course to higher annual capacity installations in 2024 and beyond.
The European PV landscape has changed. Two years of high electricity prices plus measures implemented under the European Union’s REPowerEU policy have had an effect. In 2023, European installed PV generation capacity grew by 39%, year on year. For 2024, S&P Global Commodity Insights projects a stable or only slightly declining growth rate, despite lower …
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