This market report offers an incisive and reliable overview of the Europe solar photovoltaic (PV) power market for the period 2023 ÷ 2032...
Update: September 2023; NOTE: We have a new version of this report for the 2024 - 2033 period. Please review it here: https://renewablemarketwatch.com/country-reports/europe/wide
Format: 1 file(s) (PDF report) in English language and 1 file(s) in MS Excel with data from charts and tables
Author: Renewable Market WatchTM
Pages: 234
Report production №: RMWIN349202023671
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This is a uniquely thorough and detailed market report, which offers an incisive and reliable overview of the solar photovoltaic (PV) sector of Europe for the next long-term period of 2023 ÷ 2032. Geographically all European countries are suitable for the production of solar photovoltaic energy throughout the whole year. The solar radiation potential on the European countries' territory is considerable despite the large differences in the sunlight intensity between the various countries. Due to the geographical location, the solar energy potential of Southern Europe is higher than in Northern Europe. The average annual sunshine duration is roughly 2,130 hours, and the average solar radiation resource is between 1,080 kWh/m2 and 2,200 kWh/m2.
More firms turn their attention to environmental, social and governance (ESG) practices, according to the study conducted between February and April 2021 by the Renewable Market Watch™ of 208 key decision-makers of European investment companies active in the solar energy sector. Some 58 per cent of the interviewed managers plan to prioritise the integration of ESG considerations in their solar photovoltaic projects planned for realisation between 2021 and 2025.
Germany was the largest market in 2021, adding 5.99GW of new capacity, followed by Spain (4.9GW), Poland (3.8GW) and others. Amarenco, Axpo, BayWa r.e., Enel Green Power, Hanhwa Q-Cells, Huawei, Iberdrola, First Solar, Jinko, Lightsource bp, LONGi Solar and SMA, are among the key players in the market.
The number of fully permitted and ready-to-build projects is promptly increasing. Newly installed solar PV capacity in Europe will exceed XXX GW by 2025. In many countries, the rooftop market segment is not developed and is forecasted to score significant growth shortly. The report provides a complete picture of the market situation, dynamics, risks, current issues and prospects. You will find more than 230 pages of valuable information in this unique, in-depth analysis of the European solar photovoltaic (PV) market and will receive an overview of how the recovery from COVID-19 (Coronavirus), 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, manufacturers and service providers in their decision-making process. As 2021 and 2022 were challenging years for the photovoltaic (solar PV) industry, the time for making the right decisions during 2023 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:
- Solar resource potential in Europe
- Over 170 charts, maps and tables
- Profiles of 44 countries
- Market shares of manufacturers of solar PV modules, inverters and mounting systems
- Historical market data provided from 2012 to 2022 and forecasts until 2032
- Overview of European photovoltaic (solar PV) market development 2012 ÷ 2032 by countries
- Development scenario of European countries' photovoltaic (solar PV) sector until 2032
- Prosumer and Net Metering models, incentives and regulatory framework
- Database with 200+ major active and upcoming photovoltaic (solar PV) plants in Europe
- Attractiveness indices and comparative analysis for photovoltaic (solar PV) investments in Europe
- SWOT Analysis (detailed in 5 pages)
- Overview of Europe's legal and regulatory framework for Renewable Energy Sources (RES) generation by countries
- Project developers, EPC providers and Consultants in Europe
- Key organizations and stakeholders affecting the development of the photovoltaic sector by countries
- A comprehensive review of smart grid development in Europe
- Investment potential and opportunities
On the next pages, you will see the full table of content of this report. To order this report, just click on the button "ADD TO CART". The table of contents is referential and may vary upon report updates. If you have any other questions or data requests, please do not hesitate to call us on ++44 203 807 00 79 or write an e-mail to orders@renewablemarketwatch.com
1. METHODOLOGY 11
1.1. Methodology 11
1.2. Limitations 15
2. EXECUTIVE SUMMARY 16
2.1. Primary Solar Resource Availability 16
2.2. Renewable Energy Sources (RES) Policies and Targets in Europe 16
2.3. Risks Associated with Solar Photovoltaic (PV) Projects 16
2.4. Future Market Trends 17
3. EUROPEAN UNION RENEWABLE ENERGY POLICY LANDSCAPE 18
4. EUROPE ENERGY MARKET 36
4.1. General Electricity Market Information 36
4.2. Solar Photovoltaic (PV) in the Energy Sector 43
4.3. Single Electricity Market in European Union (EU) 47
5. EUROPE SOLAR RESOURCE POTENTIAL AND MAPPING 49
6. GLOBAL SOLAR PHOTOVOLTAIC (PV) POWER MARKET 51
6.1. Solar Photovoltaic (PV) Modules and Solar Photovoltaic (PV) System Cost 51
6.2. Market Overview 55
6.3. Solar Photovoltaic (PV) Module Manufacturers Market Shares 59
6.4. Solar Photovoltaic (PV) Inverter Manufacturers Market Shares 60
6.5. Solar Photovoltaic (PV) Mounting (Fixing) System Manufacturers Market Shares 61
6.6. Future Development Trends 63
7. EUROPE SOLAR PHOTOVOLTAIC (PV) POWER MARKET 67
7.1. Support Schemes for Renewable Energy Sources (RES) Generation in Europe 67
7.2. Market Overview 68
7.3. Future Development Trends 73
8. COUNTRY PROFILES 77
8.1. ALBANIA 77
8.2. ARMENIA 80
8.3. AUSTRIA 83
8.4. AZERBAIJAN 86
8.5. BELARUS 88
8.6. BELGIUM 90
8.7. BOSNIA AND HERZEGOVINA 94
8.8. BULGARIA 97
8.9. CROATIA 100
8.10. CYPRUS 104
8.11. THE CZECH REPUBLIC 107
8.12. DENMARK 110
8.13. ESTONIA 114
8.14. FINLAND 116
8.15. FRANCE 118
8.16. GEORGIA 120
8.17. GERMANY 122
8.18. GREECE 125
8.19. HUNGARY 129
8.20. IRELAND 132
8.21. ITALY 134
8.22. KAZAKHSTAN 136
8.23. KOSOVO 138
8.24. LATVIA 140
8.25. LITHUANIA 142
8.26. MACEDONIA (FYROM) 145
8.27. MALTA 147
8.28. MOLDOVA 149
8.29. MONTENEGRO 151
8.30. NETHERLANDS 153
8.31. NORWAY 156
8.32. POLAND 158
8.33. PORTUGAL 163
8.34. ROMANIA 167
8.35. RUSSIA 169
8.36. SERBIA 171
8.37. SLOVAK REPUBLIC (SLOVAKIA) 174
8.38. SLOVENIA 177
8.39. SPAIN 180
8.40. SWEDEN 183
8.41. SWITZERLAND 186
8.42. TURKEY 189
8.43. UKRAINE 194
8.44. THE UNITED KINGDOM 198
9. COMPARATIVE ANALYSIS OF FEED-IN TARIFFS AND SUPPORT SCHEMES FOR SOLAR PHOTOVOLTAIC (PV) ENERGY IN EUROPE 202
10. COMPARATIVE ANALYSIS OF MANDATORY RENEWABLE ENERGY CAPACITY GENERATION TARGETS IN EUROPE 204
11. ELECTRICITY GRID NETWORK IN EUROPE 206
11.1. Transmission System Operators (TSO’s) 206
11.2. Distribution System Operators (DSO’s) 210
11.3. Grid Connection Constraints 215
12. SMART GRID DEVELOPMENT IN EUROPE AS A KEY FACTOR FOR SOLAR PHOTOVOLTAIC (PV) POWER MARKET GROWTH 216
12.1. Smart Grid and Super Smart Grid Concept 216
12.2. Smart Grid Support Initiatives in European Countries 218
13. COMPETITIVE LANDSCAPE. PROJECT DEVELOPERS AND INVESTORS IN EUROPE SOLAR PHOTOVOLTAIC (PV) POWER MARKET 222
14. COMPETITIVE LANDSCAPE. EPC COMPANIES, EQUIPMENT MANUFACTURERS, AND CONSULTANTS IN EUROPE SOLAR PHOTOVOLTAIC (PV) POWER MARKET 225
15. SWOT ANALYSIS OF EUROPE SOLAR PHOTOVOLTAIC (PV) POWER MARKET 228
16. RISKS ABOUT INVESTMENTS IN EUROPE SOLAR PHOTOVOLTAIC (PV) POWER MARKET 232
- MAP 1: Transmission Grids System Map of Europe 36
MAP 2: Exchange Balance of Physical Energy Flow Values in TWh in Europe and Evolution between 2020 and 2021 37
MAP 3: Share of Renewables from Electricity Consumption in Europe, 2021 (in %) 41
MAP 4: Solar Resource Potential of Europe 49
MAP 5: The European Network of Transmission System Operators (TSO’s) for Electricity, 2022 206
MAP 6: Map of RWE Group Operations in Europe 212
MAP 7: Map of CEZ Group Operations in Europe 213
MAP 8: Smart Grid Projects Map in Europe 2021 220
MAP 9: Solar irradiation and solar electricity potential for optimally inclined photovoltaic modules in Europe 247
MAP 10: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in Europe 248
Chart 1: Average Base Load Electricity Price in Selected European Countries (€/MWh): 2012 - 2022; Renewable Market WatchTM 39
Chart 2: Forecast for RES Generation Capacity by Source Type in the EU to 2022 and 2032 (in GW), 42
Chart 3: New Installed and Decommissioned Power Capacity by Source Type in the EU in 2020 (MW) 44
Chart 4: Share of New Power Generation Capacities Added in the EU 27 in 2022 (MW) 45
Chart 5: Annual Installed Power Generating Capacity (MW) and Renewable Share (in %) 2012 – 2022 in the EU 46
Chart 6: Net Installed and Decommissioned Power Generation Capacity in the EU 27 for 2022 (GW) 46
Chart 7: Historical and Forecasted Utility Solar PV System Pricing ($/Wdc) 2019 ÷ 2022 52
Chart 8: Average Turn-Key Rooftop Solar PV System Price in Germany 2012 – 2022 (in EUR/KWp); RENEWABLE MARKET WATCHTM 54
Chart 9: Solar Photovoltaic (PV) Module Manufacturers Market Shares (in % and in MW) 59
Chart 10: Solar Photovoltaic (PV) Inverter Manufacturers Market Shares (in % and in MW) 60
Chart 11: Solar Photovoltaic (PV) Mounting (Fixing) System Manufacturers Market Shares 62
Chart 12: Global Installed Renewable Energy Capacity 2012 - 2040 in GW 64
Chart 13: Global Cumulative Installed Photovoltaic (Solar PV) capacity 2012 – 2032 in MW 65
Chart 14: Global Rooftop Solar PV Development Scenario 2012 - 2032 66
Chart 15: European Solar Photovoltaic (PV) Cumulative Capacity Segmentation by Country in 2020 in % 70
Chart 16: European Annual Solar Photovoltaic (PV) Market Forecast 2012 – 2032 (in MW), Renewable Market Watch 71
Chart 17: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Europe 2012 – 2032 (in MW), including estimates 74
Chart 18: Cumulative Investment Volume Forecast in Solar Photovoltaic (PV) Capacity in Europe 2012 – 2032 (in Millions EUR), including estimates 75
Chart 19: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Albania 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM; 78
Chart 20: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Albania 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 79
Chart 21: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Armenia 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 80
Chart 22: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Armenia 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 82
Chart 23: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Austria 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 84
Chart 24: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Austria 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 85
Chart 25: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Azerbaijan 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 86
Chart 26: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Azerbaijan 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 87
Chart 27: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Belarus 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 88
Chart 28: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Belarus 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 89
Chart 29: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Belgium 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 91
Chart 30: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Belgium 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 93
Chart 31: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Bosnia and Herzegovina 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 95
Chart 32: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Bosnia and Herzegovina 2000 - 2028 (in Millions EUR), including estimates; Renewable Market WatchTM 96
Chart 33: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Bulgaria 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 98
Chart 34: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Bulgaria 2012 – 2032 (in Millions EUR), including estimates 99
Chart 35: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Croatia 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 102
Chart 36: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Croatia 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 103
Chart 37: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Cyprus 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 105
Chart 38: Cumulative Investment Volume Solar Photovoltaic (PV) Capacity in Cyprus 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 106
Chart 39: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in the Czech Republic 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 108
Chart 40: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Czech Republic 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 109
Chart 41: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Denmark 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 110
Chart 42: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Denmark 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 113
Chart 43: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Estonia 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 114
Chart 44: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Estonia 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 115
Chart 45: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Finland 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 116
Chart 46: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Finland 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 117
Chart 47: Cumulative Development Forecast Solar Photovoltaic (PV) Capacity in France 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 118
Chart 48: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in France 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 119
Chart 49: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Georgia 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 120
Chart 50: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 121
Chart 51: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Germany 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 122
Chart 52: Cumulative Investment Volume Solar Photovoltaic (PV) Capacity in Germany 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 124
Chart 53: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Greece 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 127
Chart 54: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Greece 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 128
Chart 55: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Hungary 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 129
Chart 56: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Hungary 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 131
Chart 57: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Ireland 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 132
Chart 58: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Ireland 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 133
Chart 59: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Italy 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 136
Chart 60: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Italy 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 137
Chart 61: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Kazakhstan 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 138
Chart 62: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Kazakhstan 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 139
Chart 63: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Kosovo 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 140
Chart 64: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Kosovo 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 141
Chart 65: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Latvia 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 143
Chart 66: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Latvia 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 143
Chart 67: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Lithuania 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 144
Chart 68: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Lithuania 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 145
Chart 69: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Macedonia 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 148
Chart 70: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Macedonia 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 148
Chart 71: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Malta 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 149
Chart 72: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Malta 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 150
Chart 73: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Moldova 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 151
Chart 74: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Moldova 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 152
Chart 75: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Montenegro 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 153
Chart 76: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Montenegro 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 154
Chart 77: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Netherlands 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 156
Chart 78: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Netherlands 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 157
Chart 79: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Norway 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 159
Chart 80: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Norway 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 159
Chart 81: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Poland 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 160
Chart 82: Reference Auction Price for New Renewable Energy Power Plants in Poland ≥ 1 MW in 2019 163
Chart 83: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Poland 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 164
Chart 84: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Portugal 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 165
Chart 85: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Portugal 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 167
Chart 86: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Romania 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 169
Chart 87: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Romania 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 170
Chart 88: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Russia 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 171
Chart 89: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Russia 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 172
Chart 90: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Serbia 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 173
Chart 91: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Serbia 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 175
Chart 92: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Slovakia 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 176
Chart 93: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Slovakia 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 178
Chart 94: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Slovenia 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 179
Chart 95: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Slovenia 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 181
Chart 96: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Spain 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 182
Chart 97: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Spain 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 184
Chart 98: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Sweden 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 185
Chart 99: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Sweden 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 187
Chart 100: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Switzerland 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 188
Chart 101: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Switzerland 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 190
Chart 102: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Turkey 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 191
Chart 103: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Turkey 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 193
Chart 104: The map setting out TEİAŞ’s regional limits to the electrical capacity increases for 2019 194
Chart 105: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Ukraine 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 196
Chart 106: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Ukraine 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 199
Chart 107: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in the United Kingdom 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 200
Chart 108: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in the United Kingdom 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 203
Chart 109: Mandatory Capacity Generation Targets for Share of Renewable Energies in the European Union (EU) Countries by 2030 206
Chart 110: Forecast for Total Net Generation Capacity in the EU by Source Type by 2032 211
Chart 111: Smart Grid Model Concept 219
Chart 112: Cumulative Number of Smart Grid Projects in Selected European countries Compared to Average EU number and Budget Invested (in € million), 2012 ÷ 2022 220
Chart 113: Cumulative Budget (in € million) of Smart Grid Projects per Smart Grid Application in Selected European countries Compared to Average EU Numbers, 2022 221
Chart 114: Countries and regions with Grid Parity 251
Table 1: Crystalline Module Price Trend in 2022 53
Table 2: Top 5 Countries by Newly Installed Solar PV Capacity in MW in 2022 58
Table 3: Support Schemes for Renewable Energy Sources (RES) Generation in Europe 67
Table 4: European Solar Photovoltaic (PV) Markets Split 2012 – 2022 (in MW and GW) 68
Table 5: Albanian Annual Solar Radiation Hours by City 77
Table 6: Feed-in-tariffs for Solar Photovoltaic (PV) Energy in Albania 79
Table 7: Feed-in-tariffs for Solar Photovoltaic (PV) Energy in Armenia 81
Table 8: Feed-in-tariffs for Solar Photovoltaic (PV) Energy in Austria 83
Table 9: Feed-in-tariffs for Solar Photovoltaic (PV) Energy in Azerbaijan 87
Table 10: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Belarus; Renewable Market WatchTM 89
Table 11: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Belgium 90
Table 12: Subsidies for Net Metering in Belgium 93
Table 13: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Bosnia and Herzegovina 94
Table 14: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Bulgaria 97
Table 15: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Croatia 101
Table 16: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Cyprus 104
Table 17: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in the Czech Republic 107
Table 18: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Denmark 112
Table 19: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Estonia; Renewable Market WatchTM 115
Table 20: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Finland 117
Table 21: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in France 119
Table 22: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Georgia 120
Table 23: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Germany 124
Table 24: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Greece 125
Table 25: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Greece 126
Table 26: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Hungary 130
Table 27: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Ireland 132
Table 28: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Italy 135
Table 29: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Kazakhstan 139
Table 30: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Kosovo 141
Table 31: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Latvia 142
Table 32: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Lithuania 145
Table 33: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in FYR of Macedonia 147
Table 34: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Malta 150
Table 35: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Moldova 152
Table 36: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Montenegro 154
Table 37: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Netherlands 155
Table 38: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Norway 158
Table 39: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Poland 162
Table 40: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Portugal 166
Table 41: Green certificates, Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Romania 170
Table 42: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Russia 172
Table 43: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Serbia 174
Table 44: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Slovakia 177
Table 45: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Slovenia 181
Table 46: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Spain 184
Table 47: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Sweden; Renewable Market WatchTM 187
Table 48: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Switzerland 189
Table 49: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Turkey 192
Table 50: Additional Incentives to Feed-in-tariffs for Electricity from Solar PV Sources in Turkey for Domestic Procurement 193
Table 51: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Ukraine 197
Table 52: Local Content (Local Procurement) Requirements for Renewable Power Plants in Ukraine 198
Table 53: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in the United Kingdom 202
Table 54: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Selected European Countries. Comparative Analysis 2022 204
Table 55: Grid Connection and Access Regimes in the European Union (EU), 2022 209
Table 56: List of TSO's in Selected European Countries, 2022 211
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