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Europe’s solar installation levels are exceeding expectations, with the amount installed in October 2023 already matching the total installed in all of last year. Rystad Energy modeling forecasts new solar capacity additions will grow 30% this year versus 2022, surpassing 58 gigawatts direct current (GWDC) of new panels by the end of the year.
This year, rooftop solar installations have taken the lead, accounting for 70% of all newly installed solar in Europe. This underscores the continent’s commitment to clean energy and the adaptability of solar photovoltaic (PV) technology, which can be deployed quickly with comparatively few regulatory hurdles, relative to large-scale, ground-mounted projects.
After briefly conceding top position to Spain last year, Germany is surging ahead with a projected 84% annual growth this year, reaching a record high of 13.5 GWDC of total solar PV capacity. By contrast, Spain faces challenges in maintaining momentum this year, despite its record-breaking performance in 2022. Other key emerging markets include Poland and the Netherlands, with their growth primarily fueled by a surge in rooftop installations, a trend that is gaining traction across the continent.
