Photovoltaic energy has become one of the most cost-effective ways to generate electricity in Europe and worldwide. The market is booming and demand for production facilities is rising sharply as a result.
Ongoing investments in research and development, technical improvements and a competitive environment are spurring on the mass production of increasingly powerful and cost-effective solar cells and modules.
The European solar market is booming. According to industry association SolarPower Europe, new photovoltaic systems with a capacity of 16.7 gigawatts (GW) were installed in Europe in 2019. This equates to growth of 104 percent compared with the previous year when 8.2 GW of capacity were added.
Property owners who constructed a photovoltaic installation in Germany at the start of the 2000s feed all of their electricity into the public power grid. However, feed-in tariffs will soon no longer be paid for these old systems. According to the German Solar Association, this will affect a good 10,000 PV installations in 2021, with this figure rising by a factor of 20 by 2026.