Renewables

European demand for solar power decreased by 21 percent in 2016

Photo: Pixabay

Published

March 13, 2017

Country

Comments

0

Share

Published:

March 13, 2017

Country:

Comments:

0

Share

European demand for solar power decreased by over 21 percent to 6.7 GW in 2016, according to the market research conducted by SolarPower Europe. At the same time, global solar installations grew by around 50 percent to an all-time record number of 76.2 GW.

“The European solar industry is ready to take a larger share of the global market, but we need an open trade policy that supports the growth of solar in Europe and a clean tech industrial policy that supports the growth of solar jobs,” said James Watson, CEO of SolarPower Europe.

The association organized the SolarPower Summit in Brussels on 7-8 March, where 300 solar industry and policy leaders met to discuss the needs of the solar industry in Europe to be able to contribute to the EU’s goal of becoming a leader in this field.

At the summit it was deemed that the European Commission’s proposed package “Clean Energy for All Europeans” is a good starting point. However, SolarPower Europe believes that a goal of at least 35 percent renewables by 2030 is adequate for the EU, rather than the proposed 27 percent.

Solar power prices in Europe have reached unprecedented low levels – and continue to decrease. In German PV tenders, average solar power prices have reduced by around one quarter in only 1.5 years. The lowest winning bid even reached 6 eurocents per kWh in February.

SolarPower Europe association claims that Southern European countries could generate solar power at around 3 cents per kWh in 2017/18, which is a level hardly any other technology can meet. However, a reliable governance system is needed to steer investment into solar power plants.

While European demand fell, annual global solar production grew considerably. Led by China, Asia’s PV market share was over 66 percent in 2016. and US demand for new solar capacity was more than twice as large as in Europe.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment

Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Third utility-scale solar power plant to be installed in Herzegovina etmax

Third utility-scale solar power plant planned to be developed in Herzegovina

17 September 2021 - The Government of the Republic Srpska decided to initiate the procedure for granting a concession for the Nevesinje PV plant.

eps e3 international energy crops EPS to burn biomass in coal power plants

EPS piloting mixing biomass with coal in its thermal power plants

17 September 2021 - State-controlled power utility Elektroprivreda Srbije (EPS) has launched a pilot project with US company E3 International

timmermans-energy-price-green-transition

Timmermans: energy price hikes should speed up green transition, not slow it down

17 September 2021 - Only about a fifth of the energy price increase can be attributed to the rising costs of CO2 emissions, while the rest is simply due to a market shortage, says the European Commission’s vice president in charge of climate issues.

Romania Oltenia switch coal solar power proceeds CO2 permits

Romania’s Oltenia to switch from coal to solar power using proceeds from CO2 permits

16 September 2021 - Romania hopes to get most of the EUR 671 million for solar power plants in coal complex CE Oltenia from the EU's Modernization Fund