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European solar PV demand level remained at 10GW in 2014

  • Author:John
  • Release on :2014-06-12

In 2014, the proportion of European PV demand in the global market will drop to 22%

NPDSolarbuzz Shanghai Office, May 28, 2014 -- According to the latest quarterly report of NPDsolarbuzz European PV market, European PV MarketsQuarterly shows that in 2014, European solar PV demand is expected to be 10GW, down 7% Y/Y. This will be the third consecutive year of decline in PV demand in the European market following the peak of 19.2GW in 2011. At the same time, Europe's contribution to the global PV market demand has also dropped sharply, from 70% in 2011 to 22% in 2014.

In 2012, PV demand in Germany, Italy and Greece accounted for 71% of Europe, but today it only accounts for 37%. Susanne von Aichberger, an analyst at NPD Solarbuzz, said: "The reduction in demand for PV in Europe in 2014 was mainly due to the reduction in subsidies from Germany, Italy, Greece and Romania. In fact, the UK needs to double its expectations to double Europe in 2014. The annual demand is 10GW."

In the first quarter of 2014, European PV demand increased by 10% from the previous quarter, but decreased by 8% compared with the first quarter of last year. Aichberger added: “In general, the first quarter is always a weak period in Europe. But as the UK will reduce subsidies in April 2014, demand in the first quarter of this year has increased.”

In the first quarter of 2014, UK PV demand accounted for 43% of Europe, ranking first; however, in the past few weeks, the UK market was affected by new policies, demand fell, and PV demand across Europe was affected. Von Aichberger said: “In 2014, PV demand in France, the Netherlands, Austria, Portugal and Switzerland is expected to increase, and Turkey is expected to become an important PV market this year. Demand from Belgium, Denmark, Romania and Ukraine It will decline."

Figure 1. Demand for solar PV in Europe from 2009 to 2014 (unit: GW)


Source: European PV Market Quarterly Report European PV MarketsQuarterly

In 2014, the most mature PV markets in Europe (Germany, Italy and France) will gradually get rid of the FIT policy, which was widely adopted in the early stage to stimulate the market. The new driving force for the growth of the European PV market will come directly from the energy markets of various countries. Solar energy competes with other traditional and renewable energy sources in the market. However, this increasing competition is creating more PV opportunities, but it also needs to overcome regulatory and funding challenges.

Von Aichberger added: "In Europe's mature PV countries, Italian PV policymakers have taken the most radical steps to get rid of the FIT policy. The Italian Energy Act is scheduled to end in July 2013, and its last batch of projects will be Completed in May 2014. In the future, demand in the European market will come from installations based on net-metering, power purchase agreements (PPAs), direct sales and tax incentives."



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