How much solar power does the EU have?

The combined installed capacity in the EU now amounts to 263 GW. The energy crisis triggered by the conflict in Ukraine led to a boom for the solar industry. EU Members States and the European Commission have finally recognized the importance of solar energy as a clean and strategic power source and have scaled up their ambitions for PV deployment.

How big is the Europe solar PV market?

The Europe solar PV market size crossed USD 63.1 billion in 2024 and is set to register at a CAGR of 7.1% from 2025 to 2034, due to the growing focus on green energy and net zero initiatives.

What is the EU solar market outlook for 2023 – 2027?

According to the EU Market Outlook for Solar Power 2023 – 2027 published by the European solar association SolarPower Europe, Member States of the European Union (EU) have experienced another record year for PV deployment in 2023. For the third year in a row, the market grew 40 percent or more, to around 56 gigawatts (GW).

Does the EU solar sector continue to grow?

The EU solar sector continues its upward trajectory, with mid-2025 figures confirming robust growth. SolarPower Europe’s latest analysis highlights record installations, policy momentum, and the technology’s central role in the continent’s clean energy transition. Source: eepowerschool.com

Will solar power grow in Europe in 2024?

Despite these record figures, SolarPower Europe forecasts much lower growth rates from 2024. According to the market survey, 2023 was the best year for solar power for 20 of the 27 EU member states, including 14 countries that installed 1 or more GW. The combined installed capacity in the EU now amounts to 263 GW.

Why is the PV market growing in the EU?

The PV market in the European Union (EU) has experienced remarkable growth, driven by the urgent need to transition to renewable energy and enhance energy security. Solar energy has emerged as a cornerstone of EU’s strategy to achieve its climate goals and reduce dependence on fossil fuel imports.