Current state and future trends of the solar industry in CEE and SEE region
According to CEE & SEE Countries Photovoltaic (Solar PV) Market Outlook 2016 – 2025, the electric power sector in Europe and CEE & SEE countries particularly is currently facing different changes and evolutions mainly in response to the three European Union (EU) energy-related challenges – environmental sustainability, security of supply, and competitiveness – within a context of growing electricity demand. These issues may also represent drivers for the further development of solar market in this region. Europe. In fact, many of the CEE & SEE countries have already recorded a gradual upward trend in deploying of photovoltaic power plants. Solar PV is covering more than 7 % of the electricity demand in Greece. Several countries from the region have cumulative installed (CAGR) PV capacity of more than 1 GW.
It must be noted that in addition to support mechanisms, photovoltaic energy markets depend on resources, site approval, grid issues and the competitive environment. For the solar industry, these issues have been critical in defining both the market opportunity and its rules for participation. Economically viable supporting mechanisms, efficient and flexible permitting, combined with available grid capacity, are the key elements necessary to build stable photovoltaic energy market in CEE and SEE countries.
Between 2010 and 2014, solar PV market of CEE and SEE countries became one of the fastest growing regions in the world according to Renewable Market Watch. Cumulative installed PV capacity in CEE and SEE region has reached 8.81 GW for 2014 and scored remarkable 231 % increase compared to 2010. In its recently released report CEE and SEE Countries Photovoltaic (Solar PV) Market: Outlook 2016 – 2025 Renewable Market Watch reveals market performance in 2015 and explains why current solar capacity is expected to triple from 8.81 GW in 2014 to 26.9 GW by 2025.
More information about the promising solar market of CEE and SEE countries you may read here:
CEE & SEE Countries Photovoltaic (Solar PV) Market Outlook 2016 - 2025