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    EU On Track To Exceed Its 750 GW Solar Energy Goal By 2030

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    Discovery In Fusion Energy To Be Revealed By U.S. Officials

    Germany Holds Its First Ever Green Ammonia Imports Auction

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    United Kingdom Onshore Wind Generation Has Now Reached 37GW

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    Refiners Should Not Be Making Above Normal Profits- Biden

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    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

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    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    United Kingdom Onshore Wind Generation Has Now Reached 37GW

    ABO Wind connects first wind farm in Poland

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    Europe’s latest wind offshore auction mainly using non-price criteria is a success

    Italy's Innovatec targets EUR 100m in revenue from new solar business

    Italy’s Innovatec targets EUR 100m in revenue from new solar business

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    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

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EU On Track To Exceed Its 750 GW Solar Energy Goal By 2030

in News, Solar Energy

The installed solar capacity in the 27 EU member states increased by 47% to a record high of 41.4 GW throughout the year, bringing the total to 208.9 GW by the end of 2022.

According to a survey from SolarPower Europe, the relaxing of COVID-19 regulations and supply chain constraints, high power prices, and efforts to stop importing Russian energy have all contributed to the sharp rise in newly installed capacity across the Union.

New installations added 10 GW more capacity than the industry group based in Brussels predicted by the end of 2021, outpacing expectations for 2022 by 38%.

With 7.9 GW of new solar capacity, Germany is once again in the lead, followed by Spain with 7.5 GW and Poland with 4.9 GW. In order to move up to fourth place, the Netherlands added 4 GW of new solar systems to the grid over the course of the year. France completes the Top 5 markets with 2.7 GW.

In the following four years, it is anticipated that the EU’s solar capacity will continue to rise at double-digit annual growth rates, reaching 484 GW in 2026, primarily due to Germany and Spain. In 2023–2026, the two biggest markets in Europe are expected to install 62.6 GW and 51.2 GW of solar capacity, respectively. According to the association’s medium scenario, 53.6 GW of solar systems with a combined capacity are anticipated to become operational across the EU in 2023, breaking the 50 GW barrier for the first time.

As per SolarPower Europe’s predictions, the EU will easily exceed the 750 GW target for 2030 with a solar fleet of 920 GW and reach its goal of 400 GW of deployed solar by 2025 under the REPowerEU plan.

The association identified five areas that must be addressed in the report in order to support the growth of solar energy- expanding the portfolio of certified solar installers and skilled manpower; maintaining regulatory consistency and shareholder surety for solar; allowing smoother assimilation of solar PV in the grid; improving spatial planning and enabling procedures for solar; and ensuring reliable and sustainable solar PV supply chains.

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