Netherlands Solar Photovoltaic (PV) Power Market Outlook 2024÷2033 - Single User

This market report offers an incisive and reliable overview of the photovoltaic sector of the country for the next long-term period, 2024 ÷ 2033. The Netherlands is bordered by the North Sea in west and north. Border countries are Belgium, and Germany. The country also shares maritime borders with France and the United Kingdom. European Netherlands is a low-lying country with around a quarter of its territory at or below sea level, it covers an area of 41,543 km² making it just slightly larger than Switzerland (41,285 km²).

The Dutch solar market maintains a good balance between its various segments, positioning it as the leading European country in terms of solar capacity per capita. Considering the limited space for ground-mounted installations, the industry is exploring innovative solutions such as on- and off-shore floating solar and solar carports, along with increased local participation in renewable energy projects, to enhance social acceptance and integration. The current cumulative installed PV capacity grew up from 0.5 GW in 2012 to over 22 GW in 2024.  The country is among the best performers in Europe in the share of installed small-scale solar generation capacity (<1 MW). Current government plans and legislative changes show firm intentions to continue the existing support and increase solar self-consumption and the number of prosumers.

The report provides a complete picture of the market situation, dynamics, current issues and future prospects. You will find more than 120 pages of valuable information in this unique, in-depth analysis of the Netherlands photovoltaic market will receive an overview of how the military conflict in Ukraine and the European Union's decision to make a significant reduction of Russian gas and other energy commodities import will impact it. With comprehensive market data, this report brings clear and concise insights to help investors in their decision-making process. As 2022 and 2023 were challenging years for the photovoltaic industry, the time for making the right decisions during 2024 and the next few years is limited. A fast-changing market environment requires relevant and accurate information. For your convenience, we offer the opportunity for orders with customized report content. Reasons to buy this market report are, but are not limited to:

• Overview of the Netherlands political and economic environment
• Solar resource potential the Netherlands
• Financial Model and Analysis of 50 MW Photovoltaic (Solar PV) Power Plant investment in the Netherlands (IRR, WACC, Payback, NPV, Cash Flow, etc.)
• Over 55 charts, tables and maps
• Overview of the Netherlands Photovoltaic Market Development 2013 ÷ 2033
• Grid-connected photovoltaic installations
• Future market trends and planned photovoltaic projects for 2024 ÷ 2033
• Market prices of fully permitted and operational photovoltaic projects
• Dutch legal and energy regulatory framework for renewable projects
• Key companies and competitive landscape in the photovoltaic sector
• Review of most relevant financing and supporting incentives
• SWOT Analysis (detailed in 5 pages)

On the next pages, you will see the full table of contents of this report. To order this report, click on the button "ADD TO CART". If you have any other questions, please do not hesitate to call us on ++44 203 807 0079 or write an e-mail to orders@renewablemarketwatch.com

TABLE OF CONTENTS 3
FOREWORD 8
1 METHODOLOGY AND LIMITATIONS 10
1.1 Research Methodology 10
1.2 Limitations 12
2 EXECUTIVE SUMMARY 13
2.1 Historical and Current Development Overview of Photovoltaic (Solar PV) Power Market in the Netherlands 13
2.2 Netherlands Solar Resource Potential 13
2.3 Key Stakeholders Affecting Photovoltaic (Solar PV) Power Market Development in the Netherlands 14
2.4 Market Drivers and Constraints 15
2.5 Premium Tariff (SDE+) for Photovoltaic (Solar PV) Power Plants in the Netherlands 15
2.6 Recent and Pending Changes in Renewable Energy Law in the Netherlands 15
2.7 Market Forecast Summary 16
3 NETHERLANDS POLITICAL AND ECONOMIC ENVIRONMENT. PEST ANALYSIS 17
3.1 Basic Country Data 17
3.2 Political Climate and Ruling Party 21
3.3 GDP and Economic Growth 21
3.4 Taxes 25
3.4.1 VAT 25
3.4.2 Income and Corporate Taxes 25
4 WESTERN EUROPE POWER MARKET 26
4.1 General Electricity Market Information 26
4.2 Photovoltaics (Solar PV) in Energy Sector 32
4.3 Single Electricity Market 36
5 WESTERN EUROPE PHOTOVOLTAIC (SOLAR PV) POWER MARKET 39
5.1 Market Overview 39
5.2 Cumulative Installed Photovoltaic (Solar PV) Capacity and Revenue 40
5.3 Annual Installed Photovoltaic (Solar PV) Capacity 41
5.4 Future Development Trends 42
6 NETHERLANDS POWER MARKET 43
6.1 Electricity Transmission and Distribution 43
6.2 Electricity Consumption and Generation 45
6.3 Electricity Imports and Exports 47
6.4 Electricity Prices for Businesses and Households 49
6.5 Renewable Energy Sources (RES) Targets 50
7 NETHERLANDS PHOTOVOLTAIC (SOLAR PV) POWER MARKET 52
7.1 Why Invest in Photovoltaic (Solar PV) Power in the Netherlands? 52
7.2 Netherlands Solar Resource Potential 54
7.3 Licensing Period Duration 55
7.4 Regional Substation Capacities for Solar PV Power Projects in the Netherlands 55
7.5 Overview of Photovoltaic (Solar PV) Power Market in the Netherlands 55
7.6 Market Structure Analysis 57
7.7 Investment Trends and Development Roadmap 57
7.8 Competitive Environment in Photovoltaic (Solar PV) Power Market 57
7.9 Profiles of Key Players and Investors in Photovoltaic (Solar PV) Power Market 59
7.10 Cumulative Installed Photovoltaic (Solar PV) Capacity and Revenue 60
7.11 Annual Installed Photovoltaic (Solar PV) Capacity 62
7.12 Market Prices for Photovoltaic (Solar PV) Power Projects in the Netherlands in Development, Ready to Build and Operational (Grid Connected) Condition 62
7.13 Key Cost Structure Elements of Photovoltaic (Solar PV) Power Plant in the Netherlands 63
7.14 Levelized Cost of Energy (LCOE) for Photovoltaic (Solar PV) Power in the Netherlands 63
7.15 Key Photovoltaic (Solar PV) Power Projects in the Netherlands Under Development 64
7.16 Mergers and Acquisitions 68
8 DRIVERS AND CONSTRAINTS OF THE PHOTOVOLTAIC (SOLAR PV) MARKET IN THE NETHERLANDS. SWOT ANALYSIS 70
8.1 Market Drivers 70
8.2 Market Drivers Explained 70
8.3 Market Constraints 70
8.4 Market Constraints Explained 70
8.5 SWOT Analysis 71
9 FINANCIAL ANALYSIS OF THE PHOTOVOLTAIC (SOLAR PV) MARKET IN THE NETHERLANDS 74
9.1 Financing Options of Photovoltaic (Solar PV) Power Projects in the Netherlands 74
9.2 Financial Model and Analysis of 50 MW Photovoltaic (Solar PV) Power Plant Investment in the Netherlands (IRR, WACC, Payback, NPV, Cash Flow, ETC.) 79
10 TECHNOLOGY ANALYSIS 83
10.1 Photovoltaic (Solar PV) Technology Overview 83
10.2 Technology Trends 84
11 EUROPEAN RENEWABLE ENERGY POLICY LANDSCAPE 88
11.1 RES Regulations and EU Directives 88
11.1.1 Precedent EU Regulations 88
11.1.2 Most recent EU Renewable Energy Policy Developments 88
12 NETHERLANDS RENEWABLE ENERGY SOURCES (RES) LEGAL AND REGULATORY FRAMEWORK 90
12.1 Main Laws and Regulations 90
12.2 Support Schemes 91
12.3 Green Certificates Trading 92
12.4 Recent and Pending Changes in Renewable Energy Law in the Netherlands 93
12.5 Zoning, Planning and Construction-Related Authorizations 93
12.5.1 Zoning Plans Procedure 94
12.5.2 Building Permit (Construction License) Procedure 94
12.6 Environmental-Related Authorizations 95
12.6.1 Natura 2000 Network 95
12.6.2 Clean Development Mechanism (CDM) and Joint Implementation (JI) 96
12.7 Energy Law Authorizations 97
12.7.1 Power Generation Licensing 97
12.7.2 Grid Interconnection 99
12.7.3 Power Off-Take 99
12.7.4 Premium Tariff (SDE+) and Net Metering Support Scheme 100
12.7.5 Green Certificates (Guarantees of Origin) 101
12.8 Future Market Pricing Mechanisms 101
13 KEY STAKEHOLDERS AFFECTING PHOTOVOLTAIC (SOLAR PV) POWER MARKET DEVELOPMENT IN THE NETHERLANDS 102
13.1 Government Stakeholders 102
13.2 Non-Government Stakeholders 106
13.3 Electricity Generation, Transmission System Operator (TSO) and Distribution System Operators (DSO’s) 106
14 CONCLUSIONS AND RECOMMENDATIONS 112
15 LIST OF ABBREVIATIONS 115
16 REFERENCES 117
17 DISCLAIMER 119
APPENDIX I. SOLAR RESOURCE MAPS OF EUROPE AND THE NETHERLANDS 120

Map 1: Where is the Netherlands on the European Map 17
Map 2: The Netherlands Road Network 18
Map 3: The Netherlands Administrative Regions Map 20
Map 4: The Netherlands Electricity Grids Network 45
Map 5: Solar Resource Map of the Netherlands 53
Map 6: Solar Irradiation and Solar Electricity Potential for Optimally Inclined Photovoltaic Modules in the Netherlands 54
MAP 7: The Netherlands Natura 2000 Areas Map 96
MAP 8: Solar Irradiation and Solar Electricity Potential for Horizontally Mounted Photovoltaic Modules in the Netherlands 120
Map 9: Solar Irradiation and Solar Electricity Potential for Horizontally Mounted Photovoltaic Modules in the Netherlands 120
Map 10: Solar Irradiation and Solar Electricity Potential for Optimally Inclined Photovoltaic Modules in Europe 121

Chart 1: The Netherlands Real GDP Growth for the Period 2013 ÷ 2033 (including forecast) 23
Chart 2: The Netherlands GDP Growth Compared to EU-27 for the Period 2013 ÷ 2033 (including forecast) 24
Chart 3: Corporate Tax Income in Selected Western European Countries 25
Chart 4: Physical Energy Flows Values in GW in Western Europe in 2023 27
Chart 5: Share of Renewables in Electricity Generation in Western European Countries, 2023 (in %), 29
Chart 6: Average Base Load Electricity Price in Selected European Countries (EUR/MWh): 2013 – 2023; Renewable Market WatchTM 30
Chart 7: Forecast for RES Generation Capacity by Source Type in the EU to 2023 and 2033 (in GW) 31
Chart 8: Net Power Generation Added Capacities in the EU-27 in 2023 (MW) 32
Chart 9: Age of Power Plants in Europe in 2023 33
Chart 10: Share of New Power Generation Capacities Added in the EU-27 in 2023 (MW)…………34
Chart 11: Installed Power Generating Capacity per Year (MW) and Renewable Share in the EU-27 (in %) 2013 – 2023 35
Chart 12: New Installed and Decommissioned Power Generation Capacity in the EU-27 for 2023 (GW) 35
Chart 13: Cumulative Installed Capacity of Photovoltaic (Solar PV) Power Plants (in MW) in Western Europe 2013 ÷ 2033, including forecast 40
Chart 14: Cumulative Revenue of Photovoltaic (Solar PV) Power Plants (in Millions USD/EUR) in Western Europe 2013 ÷ 2033, including forecast 41
Chart 15: Annual Installed Capacity of Photovoltaic (Solar PV) Power Plants (in MW) in Western Europe 2013 ÷ 2033, including forecast 41
Chart 16: Netherlands Power Market Structure 43
Chart 17: Share of RES electricity from Total Installed Power Capacity in the Netherlands in 2023 46
Chart 18: Netherlands Total Annual Electricity Consumption (in TWh) 2013 ÷ 2023 47
Chart 19: Netherlands Power Generation Capacity Breakdown by Source (Fuel) Type in 2023 47
Chart 20: Electricity Imports and Exports in the Netherlands 2013 ÷ 2033 (in TWh) including forecast 48
Chart 21: The Netherlands Targets for Renewable Energy Sources by 2030 (in %) set by National Renewable Energy Action Plan (NREAP) 51
Chart 22: Cumulative Installed Capacity of Photovoltaic (Solar PV) Power Plants in the Netherlands (in MW) 2013 ÷ 2033, including forecast 61
Chart 23: Cumulative Revenue of Photovoltaic (Solar PV) Power Plants in the Netherlands (in Millions USD/EUR) 2013 ÷ 2033, including forecast 61
Chart 24: Annual Installed Capacity of Photovoltaic (Solar PV) Power Plants in the Netherlands (in MW) 2013 ÷ 2033, including forecast 62
Chart 25: Levelized Cost of Energy (LCOE) for Photovoltaic (Solar PV) Power in the Netherlands 64
Chart 27: Cumulative Cash Flows and Break-Even Point of 50 MW Photovoltaic (Solar PV) Power Plant Investment in the Netherlands 82
Chart 28: Photovoltaic (Solar PV) System Price Evolution (€/Wp) 2013 ÷ 2023 85
Chart 29: Organizational Structure of the Dutch Authority for Consumers and Markets (ACM) 103
Chart 30: Market Shares by Sales of the Distribution System Operators in the Netherlands in 2023 106
Chart 31: Corporate Governance Structure of TenneT B.V. 108

Table 1: Electricity Prices for Businesses and Households 49
Table 2: Support Schemes for RES Generation in the EU Countries and the Netherlands 52
Table 3: Market Prices for Photovoltaic (Solar PV) Projects in the Netherlands for 2024 ÷ 2033 (2024 Update) in Development, Ready to Build and Operational (Grid Connected) Condition 63
Table 4: Key Cost Structure Elements of Photovoltaic (Solar PV) Power Plant in the Netherlands in 2024 63
Table 5: Database with Major Operational, Under Construction and Planned Photovoltaic (Solar PV) Projects in the Netherlands 66
Table 6: Key Financial Parameters of 50 MW Photovoltaic (Solar PV) Power Plant Investment in the Netherlands 80
Table 7: Key Financial Viability Indicators of 50 MW Photovoltaic (Solar PV) Power Plant Investment in the Netherlands (IRR, NPV, Payback, Benefit-Cost) 80
Table 8: Project Costs and Savings (Income) Summary of 50 MW Photovoltaic (Solar PV) Power Plant Investment in the Netherlands 81
Table 9: Yearly Cash Flows of 50 MW Photovoltaic (Solar PV) Power Plant Investment in the Netherlands (Pre-tax, After-tax, Cumulative) 82
Table 10: Crystalline Module Price Trend in 2024 86
Table 11: Premium Tariff (SDE+) and Net Metering Support Scheme for Solar Photovoltaic (PV) Energy in the Netherlands 101