New report reveals EU solar power soars by almost 50% in 2022
Brussels, BELGIUM (Monday 19th December 2022): In a seismic shift for the energy landscape, the European Union added a record-breaking 41.4 GW of solar power in 2022. The new capacity is equivalent to the power needs of 12.4 million European homes, and replaces 102 LNG tankers. Annual EU solar power growth has increased by 47% from 28.1 GW in 2021.
In the face of an unprecedented energy crisis and heightened energy security concerns, EU total solar power capacity grew by a mammoth 25% in just one year – from 167.5 GW to 208.9 GW in 2022.
“The numbers are clear. Solar is offering Europe a lifeline amid energy and climate crises. No other energy source is growing as quickly, or reliably, as solar. We’re building a secure, green, prosperous Europe on a foundation of solar.”
European solar shows no signs of slowing down. Our average prediction for 2023 is 53.6 GW more solar power in the EU – this ‘most-likely’ pathway takes us to at least 85 GW of new solar per year by 2026. This means the EU solar market is set to more than double within four years and reach 484 GW by 2026.
The International Energy Agency recommends that the EU install around 60 GW of solar power in 2023 to compensate for shortfalls in Russian gas supply. With rapid and targeted support, solar power could fill the gap, reaching up to 67.8 GW of installations in 2023 in a high scenario.
“It’s more than high time to take solar seriously. That means tackling barriers head on. We need more electricians and stable electricity market regulation. A solar-powered Europe can only be based on smoother administrative processes, speedier grid connections, and resilient supply chains.”
There are now ten EU countries that are adding at least 1 GW of solar per year. Germany topped the league tables, adding almost 8 GW in 2022, followed by Spain (7.5 GW), Poland (4.9 GW), the Netherlands (4.0 GW), and France (2.7 GW).
You can find images and graphs (including country breakdowns) for editorial use here © SolarPower Europe.
- Solar PV overcomes 27 gigawatts, and total investment exceeds BRL 134.5 billion in Brazil, ABSOLAR reports
- Brazil accelerates in solar PV energy and becomes the eighth largest country in the world ranking of the source, informs ABSOLAR
- ISES SWC 2023 – Deadline for submissions extended
- Spain consolidates as the country with the cheapest energy in Europe thanks to solar energy.
- GSC welcomes calls for much-needed global renewables target, supports its development by COP 28