Europe to install 100 gigawatts of solar capacity by 2025

The International Energy Agency (IEA) has published its latest report on the global PV sector. The Snapshot of Global PV Markets  details that the largest PV market in Europe is Germany, which has 58.7 GW of cumulative solar capacity.

Spain is the second largest European power with 4.9 gigawatts, followed by France (3.4 gigawatts), the Netherlands and Poland (both 3.3 gigawatts) and Greece (1.2 gigawatts).

Another of the significant data included in the International Energy Agency’s X-ray is that Australia, Spain, Greece, Honduras, the Netherlands, Chile and Germany already have enough installed solar photovoltaic capacity to “theoretically” produce more than 10% of their annual electricity demand. Right now, according to the IEA, solar PV already produces around 5% of global electricity demand.

To reach 1000 gigawatts of solar power by 2030

According to the European industry association SolarPowerEurope and the European Commission’s Renewable Energy Observatory (EurObserv’ER), it is estimated that Europe will install 100 gigawatts per year from 2025. We could reach one terawatt of cumulative solar capacity (1,000 gigawatts) by 2030.

You can download the PV Snapshot 2022 report of the International Energy Agency (IEA) in PDF format here.

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