Solar Energy Market
Solar PV to supply 12% of the EU’s electricity by 2020;
Source: EREC “Renewable Energy Technology Roadmap”, EU DG TREN “European Energy and Transport: trends to 2030 – update 2007”
Current Electricity Sources
Source: EIA
General European Market PV Outlook by Region
Source: EPIA
Source:European Communities 2006
Solar Energy to be the main source of electricity in the future
Market Development for Solar
Solar energy is the best choice for decentralized energy supply in comparison to wind and biomass, when looking at cost effective solutions. The main reasons being the rooftop mounting possibility providing energy close to the need, the declining system costs and relative low maintenance. Solar PV today is only 0.012 % of the global market of electrical energy!
To meet 20% of the electricity needs by 2020 from green energy sources, Solar PV could grow to 12% of total Electricity created by 2020. In order to meet that goal, the latest analyst forecasts show a required installation base of around 390,000 MW by 2020.







