Market Report
Southern Europe solar PV outlook 2024
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Report summary
Our Southern Europe solar PV market outlook 2024 covers the key solar market drivers and challenges for large-scale development and distributed solar generation in Iberia, Italy, Greece, Turkey and the Balkans. Installing almost 64 GWdc of solar PV, Italy will add more capacity than any other regional market in the next 10 years. The Mediterranean country will remain the largest solar market in the region, but it will still miss its latest NECP solar target. At a regional level, annual capacity growth will remain stable, but will be constrained by the lack of investments and announced plans for the necessary T&D expansions and modernisation efforts. Turkey's solar market growth will be more exponential, with total installed capacity increasing by almost 370%, benefitting from higher expected electricity demand growth than the rest of the region and a strong domestic PV tech supply chain.
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