/9th September 2016, RENEWABLE MARKET WATCHTM/ CEE and SEE countries are promising target destination for solar PV investments in Europe. We have to point out this region has been one of the fastest growing photovoltaic markets in Europe with cumulative solar 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 solar PV installed capacity to exceed 26.9 GW by the end of 2025 according to CEE and SEE Countries Solar PV Market Review 2016 – 2017. All of the Central Eastern and South Eastern European countries have renewable energy capacity targets, assisting their goals to increase share of power generation from renewable energy sources, including solar PV energy. In EU member countries these targets are set by European Commission (EC), whilst in non-EU member countries RES targets are set in the national energy strategies or national renewable energy action plans. Geographically all CEE and SEE countries are suitable for the production of solar energy. The solar radiation potential on the CEE and SEE countries territory is considerable despite the large differences in the sunlight intensity between the various countries. 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.
“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”
Despite difficulties for European solar PV market in general, CEE and SEE countries region is showing excellent performance in the past 5 years between 2010 and 2015. More information for solar market in CEE and SEE countries you can read from this FREE report:
CEE and SEE Countries Solar PV Market Review 2016 – 2017
