Functions, Guest Blog, Long Reads
“Challenges stay, consisting of grid connection problems, unfavorable energy rates brought on by spikes in solar production and competitors from other cost effective energy sources,” states Krawiec-Rokita. Image: sun.store.
In 2024, the European solar market saw module rates drop month after month, while still including a record volume of solar capability. This cost drop in solar devices might drive require up throughout Europe in 2025, and stimulate development in numerous emerging markets, such as Poland, Hungary and Greece.PV Techspoke with Agata Krawiec-Rokita, CEO of solar wholesaler sun.store, about the 2024 efficiency, and 2025 outlook, of European solar.
PV Tech: In both your own organization and the larger market, what were the most significant highlights or turning points of 2024 and why?
This post needs Premium SubscriptionBasic (FREE) Subscription
Open endless gain access to for 12 entire months of distinct international analysis Photovoltaics International is now consisted of.
- Routine insight and analysis of the market's greatest advancements
- Extensive interviews with the market's leading figures
- Endless digital access to the PV Tech Power journal brochure
- Endless digital access to the Photovoltaics International journal brochure
- Access to more than 1,000 technical documents
- Discount Rates on Solar Media's portfolio of occasions, in-person and virtual
Or continue reading this short article totally free
Agata Krawiec-Rokita: In 2024, we attained a number of considerable turning points: we went beyond 20,000 signed up users, reached over 500 MW of devices offered, and significant 12 successive months of GMV development (turnover on the platform). This success is especially noteworthy provided the tough market conditions– while devices rates dropped considerably throughout the year, attaining development in financial worth under these situations highlights the increasing adoption of our platform and its strong market position.
The most amazing emphasize for the solar market stays the record-breaking overall capability included worldwide. According to the International Energy Agency (IEA), 61GW of brand-new capability was set up in 2024 in Europe, with the EU alone contributing 55.8 GW. This development highlights the continuous momentum towards renewable resource adoption throughout the area and worldwide.
Once again, both in your own service and larger market, what were the most significant difficulties or difficulties of 2024 and why?
The most considerable obstacle, both for sun.store and the solar market at big, lies within the supply chain. We've experienced record-low and continually dropping devices rates– our PV Index shows that module costs have actually decreased month over month given that May 2024. While these rate drops advantage need, they have actually strained makers and suppliers.
On the need side, obstacles stay, consisting of grid connection concerns, unfavorable energy rates triggered by spikes in solar production and competitors from other inexpensive energy sources. In addition, continuously moving regional assistance programs have actually developed unpredictability, making complex financial investment and task preparation.
Expecting 2025, what do you predict as the most significant chances, both for your own company and the broader market and why?
