EU Market Outlook For Solar Power 2020 - 2024

The EU Market Outlook for Solar Power, 2020-2024, launched by SolarPower Europe, reveals that 2020 was the second-best year ever for solar in the EU, only topped by 2011, when 21.4 GW was installed.

EU members states installed 18.2 GW of solar power capacity in 2020, an 11% improvement over the 16.2 GW deployed in the previous year.

Germany installed 4.8 GW, enough to become again the largest solar market in Europe, a position it held for most of the time in the last 20 years.

The other Top 5 include the Netherlands (2.8 GW); last year’s market leader Spain (2.6 GW); Poland, which more than doubled annual solar deployment (2.2 GW); and France (0.9 GW).

In total, the European Union’s Top 5 solar markets were responsible for 74% of the 2020 installed capacity in the region compared to a 5% points higher share (79%) in 2019.