CEE & SEE Countries Photovoltaic (Solar PV) Market 2014 - 2025. New horizons.
In most of the countries of this region, photovoltaic energy in 80's and 90's was limited only to very small rooftop on-grid and off grid installations. Due to the high photovoltaic technology equipment costs these installations by late 90's have been with capacity between 1 KWp and 30 KWp. However this situation started to change since 2000 for 2 main reasons. First reason is that governments in the CEE and SEE countries introduced a number of measures to support alternative energy producers in order to meet targets set by the EU for higher usage of renewables. National Renewable Energy Action Plans (NREAP's) have been developed for each of EU member countries setting mandatory targets with Directive 2009/28/EC for renewable energy usage as a share of final energy consumption by 2020. Second reason is falling photovoltaic (solar PV) module and inveter prices since 2009, which led turn key installation cost for PV systems from 4.3 EUR/Wp in 2008 to approximately 1.5 EUR/Wp in 2013. Consequences of continued financial crisis in the EU zone are pressing policy-makers to cut costs, which could negatively affect the photovoltaic sector, which is dependent on government incentives and stable regulatory framework and laws accroding to CEE & SEE Countries Photovoltaic (Solar PV) Market Outlook 2014 - 2025
The maturing photovoltaic markets in Germany, Spain, France, Italy and subsidy cuts allowed investors to look for new opportunities in Central-Eastern (CEE) and South-Eastern European (SEE) nations after 2009.
Our forecast for photovoltaic (solar PV) sector in CEE and SEE countries is positive. Best developed markets are Czech Republic, Slovakia, Bulgaria, Greece and Ukraine. However subsidy cuts reduced development in some of these countries. On the other side rising electricity prices for industry and households leave room for rooftop PV systems market for own consupmtion and surplus generation.
Next wave markets with short and medium term potential for development in 2014/2015 are Romania, Turkey, Slovenia, Croatia, Serbia and Ukraine. Investors should be cautions regarding political and government crisis in Ukraine and green certificates (GCs) cuts in Romania. We expect market drivers by the end of 2014 to be projects with capacity mainly in the range between 1 MWp to 50 MWp. More information about these promising markets you may read here: CEE & SEE Countries Photovoltaic (Solar PV) Market Outlook 2014 - 2025