Market Report
Southern Europe solar PV market outlook 2025
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Report summary
Our Southern Europe solar PV market outlook 2025 examines the key demand, policy, technology and finance variables impacting the rate of deployment across residential, C&I and utility-scale solar PV segments in Spain, Portugal, Italy, Greece and Turkey. Southern Europe will add over 198 GWdc of PV capacity in the next 10 years; total regional installed capacity will grow by 187%. Italy will lead deployments, with almost 63 GWdc of PV capacity additions forecast between 2025 and 2034. Spain will follow, at just over 47 GWdc. Growth is limited by a potential nuclear extension, extreme instances of price cannibalisation and an underdeveloped energy storage regulatory framework. Together, these two markets will make up over 55% of regional PV capacity additions in the next 10 years
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