EU Market Outlook for Solar Power 2023-2027
Solar rooftop systems and ground-mounted solar installations are both expected to grow significantly over the coming years – with solar rooftop additions improving 41% from 37 GW in
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Feb 28, 2025 · By the end of 2024, the total installed PV capacity in the EU is expected to exceed 260 GW, driven by favorable policies, corporate
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How much solar power will the EU have by 2024?
By the end of 2024, the total installed PV capacity in the EU is expected to exceed 260 GW, driven by favorable policies, corporate investments, and increasing energy independence strategies. This report ranks the 27 EU member states based on their total installed solar capacity at the end of 2024 and outlines their expected growth trajectories.
What is the future of solar energy in the EU?
The European Union (EU) is witnessing a significant expansion in solar photovoltaic (PV) energy as part of its renewable energy transition. By the end of 2024, the total installed PV capacity in the EU is expected to exceed 260 GW, driven by favorable policies, corporate investments, and increasing energy independence strategies.
How much solar capacity does the EU have?
Since then, the European Union's solar capacity surpassed 100 GW in 2018 and reached the 200 GW milestone in 2022. It exceeded 260 GW in 2023, and the growth trend is only expected to continue. The EU cumulative PV capacity projections between 2024 and 2028 show double-digit growth rates year-on-year.
How does the EU support the European solar PV manufacturing sector?
Over the last years, the EU has taken initiatives to strengthen its support to the European solar PV manufacturing sector, which includes several globally competitive companies in several steps of the value chain.
How big is the Europe solar PV market?
The Europe solar PV market size crossed USD 63.1 billion in 2024 and is set to register at a CAGR of 7.1% from 2025 to 2034, due to the growing focus on green energy and net zero initiatives.
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SolarPower Europe is the award-winning link between policymakers and the solar PV value chain. Get to know the SolarPower Europe team working to transform the European energy system. Get to know everything about solar power. Interested in joining SolarPower Europe?