Bulgaria is among the European solar PV market leaders

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International Business Forum in Sofia will focus on the European solar PV market trends.

Two reports examine the European solar PV market in 2011. They indicate slowing growth in the flagship countries and promise in some smaller regions for 2012 and beyond.
New grid-connected PV capacity worldwide in 2011 rose by 67 percent to nearly 28 gigawatts (GW), nearly 21GW of that in Europe (up 57 percent from 2010's 13.3GW), says the European Photovoltaic Industry Association (EPIA). Meanwhile, NPD Solarbuzz calculates European solar PV market growth at 18 percent overall in 2011, with a 23 percent surge in 4Q11 that will quickly result in changes in incentive policies, particularly in Germany and Spain. The difference between their numbers is explainable in how they define what is "installed" and when, or perhaps using different sets of data e.g. demand- vs. supply-side.


Total installed PV capacity worldwide topped 67GW (vs. 39.7GW in 2010), with energy output of around 80 billion kWh enough to supply 20 million households, says the EPIA. In Europe, over 50GW of PV systems were installed at the end of 2011, producing some 60 billion kWh on an annual basis. The EPIA seems confident that Europe increased its cumulative capacity base by over 50 percent.
Here's the EPIA summary of new grid-connected PV in 2011 by regions: Germany (7.5GW); Italy (quadrupling to 9GW of newly connected systems); France (1.5GW); the UK (700MW); Belgium (550MW); Spain (400MW); Slovakia (350MW); Greece (350MW), with particular strength in the residential segment (60MW); Bulgaria (80MW) - small but growing PV capacity.

Growth for all countries will be triggered by two factors: reduced incentive tariffs means less public funding needed to build out individual markets, and as solar PV approaches "grid parity" with retail electricity prices in some markets, investors will become less dependent on public funding.
The European solar PV market will be seriously discussed on 29 March during the PV Discussion forum within the framework of the South-East European Congress on Energy Efficiency & Renewable Energy organized by Via Expo in Sofia. The key decision-makers from Europe will speak about the markets and business’ expectations, as well as practical questions like photovoltaics’ distribution and many others.
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