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Will the EU solar PV market grow in 2025?

The new mid-year solar PV EU market analysis from SolarPower Europe reveals that for 2025, the annual market is expected to contract for the first time since 2015, with a projected -1.4% growth in the most likely scenario. This follows the exceptional annual market expansions in 2022 (+ 47%) and 2023 (+51%), and flattened growth in 2024 (+3.3%).

Will Europe be able to host 723 GW of solar PV by 2030?

The current trend suggests that Europe will fall short of its goals, hosting 723 GW of solar PV by 2030, compared to the required 750 GW. The analysis comes as solar’s performance for Europe hits the headlines. According to Ember, for the first time, solar delivered most of the EU’s monthly electricity in June.

How much solar PV does Europe need?

In order to meet the 2030 target, and deliver the continent’s decarbonisation and competitiveness goals, Europe must install nearly 70 GW per year through the rest of the decade. The current trend suggests that Europe will fall short of its goals, hosting 723 GW of solar PV by 2030, compared to the required 750 GW.

Will EU solar market grow in 2024?

Following several years of over 40% year-on-year growth, a new report from SolarPower Europe warns that 2024 brings only 4% annual growth to the EU solar market. This represents a 92% growth slowdown. The EU installed 66 GW of solar in 2024, inching past 2023’s record of 63 GW.

How resilient is Europe's solar market?

The utility-scale solar market remains relatively resilient, driven by auctions across Europe that incentivise flexible solar projects that are combined with storage or wind. BRUSSELS, Belgium (Thursday 24th July 2025): The EU is set to install less new solar in 2025 than it did last year – the first annual drop in a decade.

Why is the PV market growing in the EU?

The PV market in the European Union (EU) has experienced remarkable growth, driven by the urgent need to transition to renewable energy and enhance energy security. Solar energy has emerged as a cornerstone of EU’s strategy to achieve its climate goals and reduce dependence on fossil fuel imports.