The EU member states have reached a cumulative PV capacity of 86.67 gigawatts at the end of 2014, according to the report “Photovoltaic Barometer 2015 ‘published by EurObserve’ER, the European consortium that monitors the development of renewable energy in the countries of ‘Union. According to the report the new installed capacity in 2014 was only 6.88 gigawatts, representing a decrease of 32.3 percent year on year. The United Kingdom was the largest solar market of the European Union last year with more than 2.2 gigawatts of new capacity. The second largest market was Germany with just 1.89 gigawatts of new installed. France, Italy and the Netherlands occupy the next three positions with respectively 975, 385 and 361 megawatts. Despite the sharp drop in installations over the last two years, Germany and Italy are the two largest markets in terms of power combined with respectively 38.3 and 18.4 gigawatts of photovoltaic power installed at the end of 2014. EurObserve’ER believes that the 2015 will mark the year of the end of the crisis for the European PV market and consequently expects a new set of 8 gigawatts per year.
Source: © PHOTON