Page 24 - European Energy Innovation - autumn 2018 publication
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24 Autumn 2018 European Energy Innovation
SOLAR PV MARKET
Key European Solar Markets
Trends from the Installers’ Perspective
By Saif Islam, Senior Consultant, EuPD Research Sustainable Management GmbH
Over the last few years years later this figure dropped to make up nearly 20% of all European
the European PV market 7.2 GW. Currently the European system installations below 10 kWp.
has seen some radical market is recovering, as EuPD Furthermore, Belgium will install
developments. In 2011 Research estimates the European PV around 400 MW of residential PV
around 23.4 GW of new PV systems market will rise (slightly) above 10 GW in 2018. Belgium, similar to other
were installed, however, a mere three in 2018. One of the main reasons is markets such as Ireland and
the strong industrial and utility Scandinavia, basically only has a
segments in countries such as residential PV market at the moment.
Germany and France. These country
markets have highly benefitted from Energy storage has also become an
large tender processes. The French essential success factor for various
market alone grew by nearly 60% in residential markets. Germany has
the first half of 2018 (479 MW) due to the by far largest residential energy
large-scale solar. storage market in Europe. Over the
last few years and including 2018,
A further key to Europe’s newfound the German storage market will
success is the emergence of various make up around 70% of the total
strong residential markets. Germany installed storage capacity in Europe.
has always benefitted from a strong One of the main reasons is the
residential segment, but other German installers, who already
markets such as the Netherlands largely offer energy storage to their
are showing an increasing trend. In customers. Installers are the key
2018 the Dutch residential market factor when it comes to choice of
will be the largest in Europe and will technology and brands. In Germany,
81% of the PV installers already carry
Capacity of newlty installed PV systems | Europe storage products in their portfolio.
25 GW23.4 GW A further 6 % are planning on
including storage solutions by the
20 GW 18.0 GW end of 2018. A mere 13% categorically
15 GW refuse to refuse to supply their
10 GW 11.3 GW 11.7 GW customers with this still new
5 GW 10.1 GW technology – the current prices are
mentioned as the main reasons why
7.2 GW 8.6 GW 7.2 GW 8.5 GW they reject energy storage.
0 GW Germany was one of the first
2011 2012 2013 2014 2015 2016 2017 2018e 2019e countries with a federal subsidy
scheme for residential energy storage.
Source: EuPD Research 2018 However, the support program
offered by the “Kreditanstalt für
Wiederaufbau“(“Reconstruction Credit
Institute”) has seen some drastic
changes. In the first subsidy period
from 2013 onwards, 30% of the
investment costs for a storage system
were funded. Due to the very high
system prices at the time, the majority
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