/29th July 2016, RENEWABLE MARKET WATCHTM/ CEE and SEE countries are the interesting investment destination for solar PV technology among European countries. This region has become one of the fastest-growing solar PV markets in Europe with cumulative PV installed capacity of 9.1 GW for 2015 at a Compound Annual Growth Rate (CAGR) of 27.9 % from 2010 to 2015, and with an expected cumulative PV installed capacity to exceed 26.9 GW by the end of 2025. Venture capital investments for the first half of 2016 scored 17.3 % increase compared to the same period of 2015, according to CEE & SEE Countries Photovoltaic (Solar PV) Market Outlook 2016 – 2025. The need for a revolution in solar energy CEE & SEE countries is driven not just by environmental consequences of energy use, but also by the need for energy security, to address growing concerns about a crisis in the balance of payments, and as a potentially important source of domestic jobs.
The overall investment total includes venture capital/private equity (VC), debt financing and public market financing. The electric power sector in Europe and CEE & SEE countries is currently facing different changes and evolutions mainly in response to the three European Union (EU) energy-related challenges – environmental sustainability, the security of supply, and competitiveness – within a context of growing electricity demand. These issues may also represent drivers for the further development of the solar market in this region. Europe. Many of the CEE & SEE countries have already recorded a gradual upward trend in deploying 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.
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