House Tablet

Find The Best Solar Deals In Australia

  • 3 Free, No Obligation, Solar Quotes
  • From Fully Qualified Installers
  • With 1000’s of Customer Reviews
  • Competing for Your Business
Finn Peacock Caricature

Check Your Postcode for local solar power quotes

Solar PV outlook from Europe

14th May 2013

The solar power industry is truly a global market with eyes all over the world providing various innovations and insights.

The European Photovoltaic Industry Association has released a new report, the Global Market Outlook for Photovoltaics 2013-17.

In summary, the report found that 2012, despite some bumps in the road, was a historic year for solar PV.

The world's total PV capacity beat the 100 GW installed electrical power mark, reaching just over 102 GW.

That's as much electrical energy as 16 coal power plants or nuclear reactors of 1 GW each - saving over 53 million tonnes of CO2!

Yet 2012 was also a significant year for another reason - the European market for PV declined compared to the previous year.

This affects the global and European forecasts for the next five years.

So what does this all mean for solar PV? Here are a few of the implications named in the report.

1)      Solar PV is becomingly increasingly global. Europe will no longer be at the very forefront of new solar installations, with markets like China, the US and the Asia-Pacific set to dominate.
2)      The industry is getting more competitive. PV technology is now cheaper and more accessible, and viable to reach grid parity.
3)      Government incentives and financial support for PV development is slowing down, and therefore solar PV will have to rely on actively participating in the electricity system.
4)      2013 may be a difficult year for PV companies with an imbalance between supply and demand.
5)      Despite any looming industry difficulties, PV will continue to grow as a part of the world's energy mix.

Support for more solar power in Australia remains high, with a number of clean energy initiatives from the government as well as popular backing.

Posted by Mike Peacock

Solar Power News Categories

Government Rebate & Regulations
Solar Power & Technology

More Solar Power & Technology

Australia to be a part of huge Asian renewable energy growth
SunPower steps up to make solar more affordable
Canberra makes strides toward carbon neutrality
GTM puts solar's massive growth in perspective
Examining Australia's falling solar PV rooftop prices
Australia's shift toward renewable energy picks up the pace
Australia shines at solar decathlon
University of Queensland tapped as lead researcher on massive solar project
100 per cent renewable energy is possible in 10 years, environmental group says
Climate Commission releases report on solar progress
Aussie government actually shows spine for solar power
Be gone, skeptics: One million solar installations and counting
Australia embarks on its greatest solar journey ever
Australia looks to solar thermal for commercial success
Solar power helps King Island reach 100% sustainability
Australians 'heavy supporters of solar power'
Mildura solar plant officially unveiled
Solar power trumps other renewables in Australian minds
Sunshine Coast solar farm "fantastic initiative"
Sunshine Coast cashes in on namesake with solar plans
Energy storage 'could maximise solar power utility'
Solar powered family car - a world first?
Code of conduct for solar installers in the works
'Stop punishing households' for solar PV
Australian solar companies 'adjusting well'
Australian mining 'next solar frontier'
"Rooftop revolution" underway across Australia
Global PV market emerging from sluggish period
Royalla solar farm receives final approval
Leadership challenge a "debacle" for Australian solar power
Solar power giving global renewables a helping hand
Australia's largest CPV solar power plant up and running
Renewable energy misinformation "staggering"
CEC: Don't underestimate consumer desire for solar
Setting energy efficient examples on TV
Solar PV brightening up household bills
World's largest solar powered boat on the move
Climate change is heating up
The global solar power shift
New solar tech win for NSW
Industry orgs praise City of Sydney solar efforts
Clean Energy Council supports Regional Renewables scheme
Asian nations emerging as PV leaders
Solar PV demand continues to grow
Regional areas of Australia to receive more renewables
Australia's significant renewable energy growth
Solar panel reprieve for Queensland
New funding for solar research
Find love with sustainable speed dating
New Victorian solar power deal