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The European rooftop photovoltaic market is set to grow!
 Mar 27, 2024|View:562

The European roofing market is expected to witness significant growth during the forecast period. There is a lot of potential for roof installations in the European region, as most roof surfaces in Europe are unused. Several countries in Europe are working to revise their policies for assessing pay levels.

In addition, places such as Norway, the Baltic Sea region, and Ireland have geographical conditions conducive to rooftop photovoltaic installation. This is expected to increase rooftop solar PV installations in Europe during the forecast period. Additionally, in some countries, homeowners are willing to install rooftop photovoltaic modules to reduce their electricity bills. In 2021, Europe's installed solar photovoltaic capacity reached 183.55 GW, an increase of 14.35% over the previous year.

Several governments have adopted supportive policies to increase the deployment of rooftop PV arrays in the region. For example, in May 2022, the European Commission announced that it would require rooftop solar to be installed on public, commercial and building buildings by 2027, and on residential buildings by 2029. The EU has increased its renewable energy target from 40% to 45% in 2030.

Similarly, in August 2021, the European Commission approved a French aid package expected to support 3.7 GW of rooftop solar development. The EC has allocated a budget of $6.8 billion. The measure will last until 2026, when it may be open to installations by PV operators with capacities up to 500 kW. As of the end of June 2021, France's cumulative installed solar capacity reached approximately 14.7 GW, which is likely to further expand the market share of rooftop solar systems.Trina solar panels


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