EU: a real solar dynamic

1 TWp ☀️ !

This is the cumulative photovoltaic power in operation worldwide, a symbolic barrier that the planet crossed in 2022 according to the latest report from SolarPower Europe.

With an estimate to date of more than 220 GWp installed, the past year sets a record for the sector and definitively confirms #photovoltaic as the energy with the greatest growth in the world, with an average of +25% every year for the past 4 years.

In the same vein, the 2022 figures for the #unioneuropéenne confirm the common impression: the #europe 🇪🇺 is definitely embarking on a frantic development of its photovoltaic park.

With more With 41 GWp installed in EU countries for the 2022 financial year alone, this is also a new record, well above the 28 GWp of 2021. But beyond the very positive figures and their remarkable nature, there are even more structuring lessons that can be drawn from this growth.

In many ways, the history of #solaire photovoltaic in Europe resembles that of a student with immense potential but who took a while to exploit it.

Today, the sector's solid second largest market in the world, behind China and ahead of the United States, the European photovoltaic sector was for a time the spearhead of this energy, notably under the impetus of pioneering companies that laid the foundations of the current industry (EDF ENR PWT (Photowatt), SMA Solar Technology AG,…etc).

The explosion of Chinese industry, its capacity to produce high-quality components at highly competitive prices, combined with the hesitation of certain European countries to resolutely take the turn of the energy transition (👀) have only delayed the inevitable: Europe has a date with the transformation of its energy model and a place as world leader in renewable energies which is within its reach.

With an average growth of more than 50% over the last four financial years, the EU has by far the most dynamic photovoltaic fleet.

With national policies definitively geared towards the energy transition, supported by the undeniable determination of the European Commission, the outlook for the coming years is edifying: consider that the most optimistic forecasts predict a scenario of more than 60 GWp installed in 2023, 80 GWp in 2024 and the 100 GWp mark in 2025 alone.

At this rate, the EU alone will reach 1 TWp of cumulative photovoltaic power by the end of this decade, well beyond the recent objectives defined by the Commission through the RePowerEU plan.