New boom for photovoltaics in Europe: the sector runs

Elizabeth Smith

Over the past decade, the photovoltaics has emerged as the leading producer of renewable energy in Europe. This is a clear sign that we are willing and able to move away from polluting energy sources, such as coal, which have had a major impact on the climate change we are observing.

Photovoltaics is a clean and sustainable energy source, and we are proud to be able to offer this option to our customers.

The numbers of photovoltaics

Europe can take a further step towards the goal of becoming fully sustainable by 2050 if it realises the ‘green’ energy potential estimated to be available on the continent. According to estimates, photovoltaic production could increase by 12 GW by 2022, bringing the total to 39 GW.

This surplus of sustainable energy is equivalent to 4.6 billion cubic metres of natural gas and, if converted into electricity, could power 84 LNG tankers. The goal is for all energy produced in Europe to be sustainable by 2050, a goal that seems increasingly within reach thanks to initiatives such as this.

Photovoltaics is one of the fastest growing renewable energy sources in the world. According to new estimates from SolarPower Europe, photovoltaics grew by 34 per cent in the last year, with 25 of Europe’s 27 countries investing the most in solar energy.

In Europe, Germany leads the way in solar energy use, followed by Spain, the Netherlands, Poland and France. In the last twelve months, other countries such as Denmark, Sweden, Belgium and Portugal have started to invest in the development of photovoltaics.

Photovoltaic in Europe, why the change of course

Climate change is a major threat to our planet and our species. Unfortunately, until now we have exploited natural resources indiscriminately, causing a harmful impact on the environment.

Now is the time to change course, and to focus on renewable energy sources, such as wind and solar power. This new course will not only help us protect the environment, but also save on energy costs in the long run.

European solar is growing at a record pace in anticipation of a difficult winter. According to SolarPower Europe, newly installed capacities will reach 228.5 GW by the end of the year, a growth rate of 36% over the 2020 figure.

Germany, the industry leader, is expected to end the year with a further 7.4 GW installed, followed by Spain, the Netherlands and Poland with over 3.5 GW each.

The reverse side of the coin

European PV is growing at a significant rate, but will not be able to maintain market share due to competition from China.

According to experts, the European PV market will lose 1.4 per cent market share, from 18.5 per cent to 17.1 per cent in 2022.

This decline is due to the advance of Chinese manufacturers, which are gaining ground in the sector.

Read also: All about the RePowerEu, the European plan for energetic autonomy

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