New analysis reveals that EU solar stalls, 2025 projected to mark
SolarPower Europe''s new mid-year market analysis for EU solar forecasts -1.4% annual growth for 2025. This would mark the first year of negative market growth since 2015,
The updated guide to photovoltaic module prices shows the latest costs of solar panels across Europe. In August, high-efficiency modules dropped to €0.12 per watt, marking an all-time low for the sector. Prices for photovoltaic modules in 2024 continue to fall.
PV module prices dropped in Europe in December 2024, while the European PV sector remains optimistic about the industry's long-term growth. These are the key takeaways from sun.store's latest pv.index report published last week, covering pricing trends and industry sentiment in the European PV sector.
Surpassing the €0.06/W threshold may indicate that solar module prices in the European market have hit their lowest point. “ This is the bottom in the EU,” Van Bellen said. “The next step could be shipping back the products to China or selling them in Africa.”
The European PV market closed 2024 on a resilient note despite slight seasonal adjustments. The December edition of the PV Index of sun.store highlights continued demand stability paired with notable price adjustments in solar panels and inverters.
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