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41.4GW of new PV installations in EU27 in 2022 2022-12-22
The European Photovoltaic Association SPE latest report shows that in 2022 the EU27 new PV installation 41.4GW, an annual growth rate of nearly 50%, and said that the EU countries will continue to grow in the amount of new installations, optimistic expectations of 2026 PV annual new installations will approach 120GW.

Data show that the EU 27 countries in 2022 new PV installation of 41.4GW, compared to last year's new increase of 28.1GW, to achieve 47% year-on-year growth. SPE expects that the EU PV market is expected to continue to grow rapidly in the coming years, with new installations expected to reach 53.4GW in 2023 under the general forecast scenario and 67.8GW under the optimistic forecast scenario.

The report notes that for the first time, the top 10 markets in the EU have all passed the GW threshold, with 26 member states achieving growth in new installations.

Germany is expected to add more than 10GW in 2023, 62.6GW between 2023 and 2026, and 131GW by 2026, while Spain is expected to add 51.2GW between 2023 and 2026, increasing PV cumulative installations from 26.4GW in 2022 to 77.7GW.

In the general forecast scenario, the report said, the total new installations in the 27 EU member states will be about 275.2GW during 2023-2026, and the cumulative installations will reach 484.1GW by 2026, while the new installations will exceed 85GW in 2026. In the optimistic scenario, the report expects 68GW of new installations in 2023 and nearly 119GW in 2026.

The report suggests that under the general forecast scenario, the cumulative installed PV capacity in EU countries in 2030 is already likely to exceed 920GW, far exceeding the 2030 PV installation target of 750GW set by the European Commission's REPowerEU strategic plan.

At the same time, SPE also gave an optimistic forecast scenario of cumulative PV installations in the EU in 2030. According to the report, if the remaining problems plaguing PV market development in the EU are fully resolved, and all member states establish reasonable development goals and a strong policy framework, cumulative PV installations in the EU are expected to reach 1,184 GW by 2030, exceeding REPowerEU's previously established target by nearly 60%.

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