Eco Green Energy kindly welcomes a new distributor in Europe, KDCI-Sun, to the EGE Global Partners.
KDCI-Sun is an experienced trading and also distribution company with 3 years in solar industry and with offices along Bulgaria, Romania, Greece, and the Republic of North Macedonia. With an extensive logistics and consulting network for EPC, the Company aimed to provide top services to satisfy top clients around the whole of Europe.
We are delighted to start a joint path of fruitful cooperation at European PV market with KDCI-Sun to bring more successful solar projects together.
Regional Overview
With interesting CAGR growth rate by 2027, Bulgarian (4%), Romanian (9%), Greece (8%) and North Macedonia have together a great potential to installing solar development projects towards enhancement of energy security. Particularly, North Macedonian authorities have a current plan to switch from their fossil fuel dependency by increasing their solar power from 31.5MW to 400MW.
European Solar Market Insights
Despite this fact, Europe is confidently moving to reduce carbon emissions by 2050 through solar photovoltaics installations in the region. Different initiatives and policies by the governments across the region, for example, increasing investment by corporates are resulting in the further growth of the market.
According to Mordor Intelligence, during 2020 the Europe solar photovoltaic (PV) market installed 103.2 GW. Probably, it will reach by 197.56 GW by 2027, at a CAGR of 11.43% during the forecast period of 2022-2027.
Figure 1 – Share of solar PV markets in select countries in Europe in 2018 and 2023
The Figure 1 displays the top market shares in Europe for Solar PV in 2018 and 2023. It is possible to see the difference between time measures indicated by the table. By 2023, it is expected that Germany will remain Europe’s largest solar market share, followed by Spain.
Countries’ solar policy
Actually, rooftop installations are most popular there, as almost 90% of Europe’s roof surfaces are unused. In addition, many EU countries are modifying their policy structure and mechanism to evaluate remuneration levels.
Figure 2 – Installed Capacity Share (%) by Deployment, Europe, 2021
Other countries as well continue to promote installation of PV systems. For instance, in June 2020, the Norwegian government decided to extend the Plusskundeordningen solar-rebate program. Everyone willing to install rooftop PV arrays were granted with fixed sums of NOK 10,000, regardless of the system size. Moreover, they can also claim an additional NOK 1,250 per kW installed for a maximum of 15 kW.
Countries such as Sweden, Norway, and Denmark are actively promoting rooftop solar PV systems across their counties. In January 2020, the energy company Vattenfall completed installing 17,000 rooftop solar panels on two industrial buildings in Sweden, which generate 4,350 MWh of clean energy annually.
France, which is in the TOP 5 list of European countries with installed capacity, also promotes solar systems at the governmental level. The European Commission (EC) has given a go to the French aid scheme, which is projected to support the rooftop solar development of 3.7 GW. EC has allocated a budget of USD 6.8 billion. The measure runs until 2026, which is likely to be open for PV operator installations with a capacity of up to 500 kW.
Figure 3 EU27 Cumulative Solar PV Installed Capacity 2000-2021
Solar boom 2021 in Europe
In fact, 2021 was year of the solar boom in Europe: from residential to utility-scale installations. Last year brought a 25.9 GW of new solar capacity up, 34% from the 19.3 GW installed in 2020, marking an all-time high.
Figure 4 Top 10 Solar PV Markets 2020-2021
Germany remains on top with 5.3 GW installed in 2021, followed by Spain with 3.8 GW. In addition, the Netherlands came up with 3.3 GW, Poland with 3.2 GW, and also France with 2.5 GW.
But if to measure on a per capita basis, Netherland as Europe’s solar powerhouse, has emerged with more capacity installed per person than any other country at 765 watts/person, ahead of Germany (715 watts/person) and Belgium (596 watts/person).
Figure 5 TOP 10 Countries Solar Capacity Per Capita 2021
Eco Green Energy is delighted to contribute to the European solar market with supreme quality PV products. In 2021, we also completed numerous successful solar projects in Poland, Spain, Germany, Hungary, Slovenia, and other European countries. In this case, we believe, that soon also can come up with more solar installations to achieve the carbon neutral goal together.
For more information about our product range, feel free to visit our product page.
For more information, also contact us: info@eco-greenenergy.com
LIST OF REFERENCES:
- Statista, 2021. Share of solar PV markets in select countries in Europe in 2018 and 2023 https://www.statista.com/statistics/872523/european-solar-pv-market-shares/
- PV Magazine, 2020. Norway extends support for rooftop PV https://www.pv-magazine.com/2020/06/11/norway-extends-support-for-rooftop-pv/?utm_source=dlvr.it&utm_medium=facebook
- Mordor Intelligence, 2021. EUROPE SOLAR PHOTOVOLTAIC (PV) MARKET – GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2022 – 2027) https://www.mordorintelligence.com/industry-reports/europe-solar-photovoltaic-market
- SolarPower Europe. 2021 EU Market Outlook for Solar Power https://api.solarpowereurope.org/uploads/EU_Market_Outlook_for_Solar_Power_2021_2025_Solar_Power_Europe_d485a0bd2c.pdf
- En:former, 2022. Solar boom: 2021 was a record year for new EU installations https://www.en-former.com/en/solar-boom-2021-was-a-record-year-for-new-eu-installations/
