European Solar Market Installs 1.8 GW In First Quarter 2017, Down 26% Year-on-Year But Turnaround in Sight
By: Michael Schmela, Executive Advisor
SolarPower Europe's first quarter 2017 PV market update shows that from January to March 2017, there was 1.8 GW of newly installed capacity in Europe. That is 25% less new solar power installed than the 2.4 GW in the same quarter 2016. Thus, Q1/ 2017 followed a trend of decreasing solar installations in Europe over the last years. The main reason was the foreseeable strong drop in UK installations, where 463 MW were installed in Q1/2017 compared to nearly 1.2 GW in the same quarter last year
It is important to note that without the UK, solar power additions went up by nearly 27% from 899 MW to 1.14 GW in Europe in Q1/2017 compared to the first quarters in 2016 and 2015 (see graph). This indicates a turnaround for the European solar market in 2017. If solar demand in Europe in Q1 is extrapolated based on last year’s growth pattern, a total of 8.2 GW will be added in 2017, which would mean a 22% growth over the 6.7 GW installed in Europe in 2016.
The full Q1/2017 Market Update slide deck with graphs for the European and global PV markets is available for Members of Solar Power Europe here.