Market Report
Europe solar PV market outlook 2020
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Report summary
Wood Mackenzie's Europe solar PV outlook 2020 is a 95+ slide report providing an in-depth analysis of key policies, economic trends and solar PV market dynamics in Europe. It assesses the outlook for solar PV across the entire region, including the evolution of routes to market for investors in the sector. After several years of sluggish growth, the European solar PV market is booming again. Between 2020 and 2025, 152 GWdc will be installed and cumulative installations will exceed 295 GWdc. Europe will install an average of 25 GWdc per year from 2020-25 and the market will grow with a CAGR of 9%. Solar PV’s share of European power supply is rising quickly, from 4% in 2020 to 13% by 2040, and the technology will be a key tool in supporting the EU’s ambitious emissions reduction goals.
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