In the fourth quarter of 2011, the European PV market is expected to increase by 22% from the previous quarter, which will play a temporary role in promoting the downstream solar companies. However, at this rate of growth, companies still face the challenge of a significant slowdown in the development of the European PV market this year. In 2012, the challenge of the downstream market will be the effective management of the new pricing environment in the context of the continuous reduction of incentives and the unobtained economy of the grid.
Although the European PV market increased by 22% month-on-month, it was down 25% year-on-year. The reasons include: sharp reduction in solar incentive plans, weak project environment, rapid decline in module prices, leading downstream solar companies to handle inventory or face substantial reductions. value.
At the end of the third quarter of 2011, solar module prices fell by 32% year-on-year. The continuing rapid decline in component prices has forced downstream companies and end customers to postpone their purchases in anticipation of further price declines. The plan to reduce electricity tariffs by 15% in Germany in early 2012 has provided a considerable boost to the market and ensured Germany’s largest share of the European PV market in the fourth quarter of 2011. However, in 2011 Europe (and the world's largest) photovoltaic market Italy will surpass the German market despite the tightening of loans by Italian banks.
In 2011, the installed capacity of solar-powered ground-mounted devices decreased by 27%. In the second half of the year, the amount of ground installations accounted for one-third of the European market. In 2011, the market share of non-domestic building photovoltaic systems will be 55%.
The development of the European PV market is constrained by various factors, including the tightening of PV incentive policies, bank borrowing restrictions, and with the expansion of the deployment of PV systems, public utility companies have concerns about grid stability. In addition, changes in the policies of European governments have also had some major and unexpected impact on the PV market.
Alan Turner, vice president of Solarbuzz Europe, stated: “The continuously decreasing component prices have compensated for the drastic reduction of solar energy incentive policies, making the return on PV investment in almost all markets still impressive. However, the European countries’ changing incentive policies have caused instability. This increase has also brought higher risks to the project entrants, and at this time banks are in the worst period of macroeconomic and currency crises."
In the first quarter of 2012, the European PV market is expected to decline by 72% from the previous month, ground-based PV power stations are the hardest hit (down 81%), and residential solar power systems have the smallest market impact (down 41%). Greece, Spain and the United Kingdom have the fastest market share growth. The German market in 2012 is expected to drop by 11% year-on-year. The installation price of photovoltaic systems will drop by an average of 17%.
In the next one to five years, the most stable growth mini-markets include Australia, Belgium, Bulgaria, Greece, Romania, Spain, Ukraine, and the United Kingdom. Despite the fact that the UK is facing a significant reduction in tariffs, the return on the residential PV market is still optimistic as prices continue to decline. In the main markets, the residential PV market in Belgium and the United Kingdom performed the most strongly, while the surface-mounted PV market in Germany and Spain was the strongest. Other major markets have been more balanced in the PV industry, such as residential.
The latest Solarbuzz European PV Market Quarterly Report points out the challenges and opportunities that downstream companies face in terms of slowing growth and falling prices to help them focus their market activities on specific areas of certain markets that are still attractive in the short term .
Although the European PV market increased by 22% month-on-month, it was down 25% year-on-year. The reasons include: sharp reduction in solar incentive plans, weak project environment, rapid decline in module prices, leading downstream solar companies to handle inventory or face substantial reductions. value.
At the end of the third quarter of 2011, solar module prices fell by 32% year-on-year. The continuing rapid decline in component prices has forced downstream companies and end customers to postpone their purchases in anticipation of further price declines. The plan to reduce electricity tariffs by 15% in Germany in early 2012 has provided a considerable boost to the market and ensured Germany’s largest share of the European PV market in the fourth quarter of 2011. However, in 2011 Europe (and the world's largest) photovoltaic market Italy will surpass the German market despite the tightening of loans by Italian banks.
In 2011, the installed capacity of solar-powered ground-mounted devices decreased by 27%. In the second half of the year, the amount of ground installations accounted for one-third of the European market. In 2011, the market share of non-domestic building photovoltaic systems will be 55%.
The development of the European PV market is constrained by various factors, including the tightening of PV incentive policies, bank borrowing restrictions, and with the expansion of the deployment of PV systems, public utility companies have concerns about grid stability. In addition, changes in the policies of European governments have also had some major and unexpected impact on the PV market.
Alan Turner, vice president of Solarbuzz Europe, stated: “The continuously decreasing component prices have compensated for the drastic reduction of solar energy incentive policies, making the return on PV investment in almost all markets still impressive. However, the European countries’ changing incentive policies have caused instability. This increase has also brought higher risks to the project entrants, and at this time banks are in the worst period of macroeconomic and currency crises."
In the first quarter of 2012, the European PV market is expected to decline by 72% from the previous month, ground-based PV power stations are the hardest hit (down 81%), and residential solar power systems have the smallest market impact (down 41%). Greece, Spain and the United Kingdom have the fastest market share growth. The German market in 2012 is expected to drop by 11% year-on-year. The installation price of photovoltaic systems will drop by an average of 17%.
In the next one to five years, the most stable growth mini-markets include Australia, Belgium, Bulgaria, Greece, Romania, Spain, Ukraine, and the United Kingdom. Despite the fact that the UK is facing a significant reduction in tariffs, the return on the residential PV market is still optimistic as prices continue to decline. In the main markets, the residential PV market in Belgium and the United Kingdom performed the most strongly, while the surface-mounted PV market in Germany and Spain was the strongest. Other major markets have been more balanced in the PV industry, such as residential.
The latest Solarbuzz European PV Market Quarterly Report points out the challenges and opportunities that downstream companies face in terms of slowing growth and falling prices to help them focus their market activities on specific areas of certain markets that are still attractive in the short term .
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