This market report offers an incisive and reliable overview of the European solar photovoltaic (PV) power market for the period 2024 ÷ 2033...
Update: November 2024
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 №: RMWIN349202024671
Delivery: Up to 24 hours by e-mail
Subscription: In the report price is included a subscription for 1 year period with up to 4 quarterly updates
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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 2024 ÷ 2033. 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 2023 by the Renewable Market Watch™ of 208 key decision-makers of European investment companies active in the solar energy sector. Some 63 per cent of the interviewed managers plan to prioritise integrating ESG considerations in their solar photovoltaic projects planned for realisation between 2024 and 2027.
Germany was the largest market in 2023, adding 14.1GW of new capacity, followed by Spain (8.2GW), Italy (4.9GW), Poland (4.6GW) 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 2022 and 2023 were challenging years for the photovoltaic (solar PV) 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:
- 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 2013 to 2023 and forecasts until 2033
- Overview of European photovoltaic (solar PV) market development 2013 ÷ 2033 by countries
- Development scenario of European countries' photovoltaic (solar PV) sector until 2033
- 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 contents of this report. To order this report, click "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 78
8.2. AUSTRIA 81
8.3. BELARUS 84
8.4. BELGIUM 87
8.5. BOSNIA AND HERZEGOVINA 89
8.6. BULGARIA 91
8.7. CROATIA 94
8.8. CYPRUS 97
8.9. CZECH REPUBLIC 100
8.10. DENMARK 104
8.11. ESTONIA 107
8.12. FINLAND 110
8.13. FRANCE 114
8.14. GEORGIA 116
8.15. GERMANY 118
8.16. GREECE 120
8.17. HUNGARY 122
8.18. ICELAND 125
8.19. IRELAND 129
8.20. ITALY 132
8.21. KOSOVO 134
8.22. LATVIA 137
8.23. LIECHTENSTEIN 139
8.24. LITHUANIA 141
8.25. LUXEMBOURG 143
8.26. NORTH MACEDONIA 146
8.27. MALTA 148
8.28. MOLDOVA 150
8.29. MONTENEGRO 152
8.30. NETHERLANDS 154
8.31. NORWAY 157
8.32. POLAND 159
8.33. PORTUGAL 164
8.34. ROMANIA 168
8.35. RUSSIA 170
8.36. SERBIA 172
8.37. SLOVAK REPUBLIC (SLOVAKIA) 175
8.38. SLOVENIA 178
8.39. SPAIN 181
8.40. SWEDEN 184
8.41. SWITZERLAND 187
8.42. TURKEY 190
8.43. UKRAINE 195
8.44. UNITED KINGDOM 199
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 2022 and 2023 37
MAP 3: Share of Renewables from Electricity Consumption in Europe, 2022 (in %) 41
MAP 4: Solar Resource Potential of Europe 49
MAP 5: The European Network of Transmission System Operators (TSO’s) for Electricity, 2023 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 2023 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): 2013 – 2033; Renewable Market WatchTM 40
Chart 2: Forecast for RES Generation Capacity by Source Type in the EU to 2024 and 2033 (in GW) 43
Chart 3: New Installed and Decommissioned Power Capacity by Source Type in the EU in 2023 (MW) 45
Chart 4: Share of New Power Generation Capacities Added in the EU 27 in 2023 (MW) 46
Chart 5: Annual Installed Power Generating Capacity (MW) and Renewable Share (in %) 2013 – 2033 in the EU 27 47
Chart 6: Net Installed and Decommissioned Power Generation Capacity in the EU 27 for 2023 (GW), 47
Chart 7: Historical and Forecasted Utility Solar PV System Pricing ($/Wdc) 2019 ÷ 2023 53
Chart 8: Average Turn-Key Rooftop Solar PV System Price in Germany 2013 – 2033 (in EUR/KWp); Source: Renewable Market WatchTM 55
Chart 9: Solar Photovoltaic (PV) Module Manufacturers Market Shares (in % and in MW) 60
Chart 10: Solar Photovoltaic (PV) Inverter Manufacturers Market Shares (in % and in MW) 61
Chart 11: Solar Photovoltaic (PV) Mounting (Fixing) System Manufacturers Market Shares 63
Chart 12: Global Installed Renewable Energy Capacity 2023 - 2033 in GW 65
Chart 13: Global Cumulative Installed Photovoltaic (Solar PV) capacity 2013 – 2033 in MW 66
Chart 14: Global Rooftop Solar PV Development Scenario 2013 – 2033 67
Chart 15: European Solar Photovoltaic (PV) Cumulative Capacity Segmentation by Country in 2023 in % 71
Chart 16: European Annual Solar Photovoltaic (PV) Market Forecast 2013 – 2033 (in MW), Renewable Market WatchTM 72
Chart 17: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Europe 2013 – 2033 (in MW), including estimates 75
Chart 18: Cumulative Investment Volume Forecast in Solar Photovoltaic (PV) Capacity in Europe 2013 – 2033 (in Millions EUR), including estimates 76
Chart 19: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Albania 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM; 79
Chart 20: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Albania 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 80
Chart 21: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Austria 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 81
Chart 22: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Austria 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 83
Chart 23: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Belarus 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 85
Chart 24: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Belarus 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 86
Chart 25: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Belgium 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 87
Chart 26: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Belgium 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 88
Chart 27: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Bosnia and Herzegovina 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 89
Chart 28: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Bosnia and Herzegovina 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 90
Chart 29: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Bulgaria 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 92
Chart 30: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Bulgaria 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 93
Chart 31: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Croatia 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 95
Chart 32: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Croatia 2013 - 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 96
Chart 33: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Cyprus 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 98
Chart 34: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Cyprus 2013 – 2033 (in Millions EUR), including estimates 99
Chart 35: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in the Czech Republic 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 102
Chart 36: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in the Czech Republic 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 103
Chart 37: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Denmark 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 105
Chart 38: Cumulative Investment Volume Solar Photovoltaic (PV) Capacity in Denmark 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 106
Chart 39: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Estonia 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 108
Chart 40: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Estonia 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 109
Chart 41: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Finland 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 110
Chart 42: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Finland 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 113
Chart 43: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in France 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 114
Chart 44: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in France 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 115
Chart 45: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Georgia 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 116
Chart 46: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Georgia 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 117
Chart 47: Cumulative Development Forecast Solar Photovoltaic (PV) Capacity in Germany 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 118
Chart 48: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Germany 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 119
Chart 49: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Greece 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 120
Chart 50: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Greece 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 121
Chart 51: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Hungary 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 122
Chart 52: Cumulative Investment Volume Solar Photovoltaic (PV) Capacity in Hungary 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 124
Chart 53: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Iceland 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 127
Chart 54: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Iceland 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 128
Chart 55: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Ireland 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 129
Chart 56: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Ireland 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 131
Chart 57: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Italy 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 132
Chart 58: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Italy 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 133
Chart 59: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Kosovo 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 136
Chart 60: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Kosovo 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 136
Chart 61: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Latvia 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 137
Chart 62: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Latvia 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 138
Chart 63: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Liechtenstein 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 139
Chart 64: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Liechtenstein 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 140
Chart 65: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Lithuania 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 142
Chart 66: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Lithuania 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 142
Chart 67: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Luxembourg 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 143
Chart 68: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Luxembourg 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 144
Chart 69: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in North Macedonia 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 147
Chart 70: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in North Macedonia 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 147
Chart 71: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Malta 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 148
Chart 72: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Malta 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 149
Chart 73: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Moldova 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 150
Chart 74: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Moldova 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 151
Chart 75: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Montenegro 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 152
Chart 76: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Montenegro 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 153
Chart 77: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Netherlands 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 155
Chart 78: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Netherlands 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 156
Chart 79: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Norway 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 158
Chart 80: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Norway 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 158
Chart 81: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Poland 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 159
Chart 82: Reference Auction Price for New Renewable Energy Power Plants in Poland ≥ 1 MW in 2021 162
Chart 83: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Poland 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 163
Chart 84: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Portugal 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 164
Chart 85: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Portugal 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 166
Chart 86: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Romania 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 168
Chart 87: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Romania 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 169
Chart 88: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Russia 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 170
Chart 89: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Russia 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 171
Chart 90: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Serbia 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 172
Chart 91: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Serbia 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 174
Chart 92: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Slovakia 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 175
Chart 93: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Slovakia 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 177
Chart 94: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Slovenia 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 178
Chart 95: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Slovenia 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 180
Chart 96: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Spain 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 181
Chart 97: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Spain 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 183
Chart 98: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Sweden 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 184
Chart 99: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Sweden 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 186
Chart 100: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Switzerland 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 187
Chart 101: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Switzerland 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 189
Chart 102: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Turkey 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 190
Chart 103: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Turkey 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 192
Chart 104: The map setting out TEİAŞ’s regional limits to the electrical capacity increases for 2019 193
Chart 105: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in Ukraine 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 195
Chart 106: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in Ukraine 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 198
Chart 107: Cumulative Development Forecast of Solar Photovoltaic (PV) Capacity in the United Kingdom 2013 – 2033 (in MW), including estimates; Renewable Market WatchTM 199
Chart 108: Cumulative Investment Volume in Solar Photovoltaic (PV) Capacity in the United Kingdom 2013 – 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 202
Chart 109: Mandatory Capacity Generation Targets for Share of Renewable Energies in the European Union (EU) Countries by 2030 205
Chart 110: Forecast for Total Net Generation Capacity in the EU by Source Type by 2033 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), 2013 ÷ 2023 220
Chart 113: Cumulative Budget (in € million) of Smart Grid Projects per Smart Grid Application in Selected European countries Compared to Average EU Numbers, 2023 221
Chart 114: Countries and regions with Grid Parity 251
Table 1: Crystalline Module Price Trend in 2024 54
Table 2: Top 5 Countries by Newly Installed Solar PV Capacity in MW in 2023 59
Table 3: Support Schemes for Renewable Energy Sources (RES) Generation in Europe 68
Table 4: European Solar Photovoltaic (PV) Markets Split 2013 – 2033 (in MW and GW) 70
Table 5: Albanian Annual Solar Radiation Hours by City 78
Table 6: Feed-in-tariffs for Solar Photovoltaic (PV) Energy in Albania 80
Table 7: Feed-in-tariffs for Solar Photovoltaic (PV) Energy in Austria 83
Table 8: Feed-in-tariffs for Solar Photovoltaic (PV) Energy in Belarus 84
Table 9: Feed-in-tariffs for Solar Photovoltaic (PV) Energy in Belgium 88
Table 10: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Bosnia and Herzegovina; Renewable Market WatchTM 90
Table 11: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Bulgaria 91
Table 12: Subsidies for Net Metering in Bulgaria 93
Table 13: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Croatia 94
Table 14: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Cyprus 97
Table 15: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in the Czech Republic 101
Table 16: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Denmark 104
Table 17: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Estonia 107
Table 18: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Finland 112
Table 19: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in France; Renewable Market WatchTM 115
Table 20: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Georgia 117
Table 21: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Germany 119
Table 22: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Greece 120
Table 23: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Hungary 124
Table 24: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Iceland 125
Table 25: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Iceland 126
Table 26: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Ireland 130
Table 27: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Italy 132
Table 28: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Kosovo 135
Table 29: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Latvia 138
Table 30: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Liechtenstein 140
Table 31: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Lithuania 141
Table 32: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Luxembourg 144
Table 33: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in North Macedonia 146
Table 34: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Malta 149
Table 35: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Moldova 151
Table 36: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Montenegro 153
Table 37: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Netherlands 154
Table 38: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Norway 157
Table 39: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Poland 161
Table 40: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Portugal 165
Table 41: Green certificates, Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Romania 169
Table 42: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Russia 171
Table 43: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Serbia 173
Table 44: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Slovakia 176
Table 45: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Slovenia 180
Table 46: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Spain 183
Table 47: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Sweden; Renewable Market WatchTM 186
Table 48: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Switzerland 188
Table 49: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Turkey 191
Table 50: Additional Incentives to Feed-in-tariffs for Electricity from Solar PV Sources in Turkey for Domestic Procurement 192
Table 51: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Ukraine 196
Table 52: Local Content (Local Procurement) Requirements for Renewable Power Plants in Ukraine 197
Table 53: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in the United Kingdom 201
Table 54: Feed-in-tariffs and Support Schemes for Solar Photovoltaic (PV) Energy in Selected European Countries. Comparative Analysis 2024 203
Table 55: Grid Connection and Access Regimes in the European Union (EU), 2024 208
Table 56: List of TSO's in Selected European Countries, 2024 210
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