EU Market Outlook For Solar Power 2021 - 2025Leading the way in green hydrogen.smartenergy.netGreen HydrogenSolar PVWind PowerEU Market Outlook For Solar Power 2021 - 20253Foreword Welcome to our EU Market Outlook for Solar Power 2021-2025, Despite its numerous success stories, solar PV’s near-term potential is often still underestimated in both public discourse and policy targets. It is only natural that analysts regularly adapt market deployment numbers to changing business environments. But when it comes to solar, the direction is usually the same: year-on-year assumptions about solar market developments must be revised significantly upwards, as reality hugely outshines expectations. Restrained forecasts were understandable at the outset of solar technology, when its capacity was not fully grasped many years ago. In the present day, however, setting limited expectations for solar is unjustifiable: Solar is the world’s lowest cost power technology, the most job intensive power generation source, and the only true versatile power technology that can be applied from small distributed to large utility-scale applications. Solar power is our daily business – as the sector’s European representation in Brussels we are looking very closely at any developments with the mission ‘to ensure that more energy is generated by solar than any other energy source by 2030’ in Europe. Our short-term forecasts for the sector have been often too conservative as well. We also did not predict that solar would maneuver so safely through the pandemic, growing by nearly 20% in 2020. While we learned from our experience during the first year of the COVID-19 pandemic to show more optimism for the solar sector in 2021, our fo...
