Europe’s solar market is undergoing a resurgence. More than 10 gigawatts were installed in 2018 for the first time in five years, and the market should break through the 20-gigawatt barrier by 2021, according to Wood Mackenzie’s latest research.
Countries are rushing to meet their 2020 climate-energy obligations, while targets for 2030 are currently under review.
During this time frame, European power markets will see deep levels of decarbonization, with solar PV playing a key role. Several countries have ambitious goals for solar: the Italian government is targeting 50 gigawatts by 2030, and France has a 20-gigawatt target for 2023.
