Europe Net Metering and Self-Consumption Solar Photovoltaic (PV) Market Expected to Grow
/26th January 2019, by Renewable Market Watch™/
Distributed solar power, which has been the backbone for the bulk of the solar PV sector’s growth in Europe, is moving towards self‑consumption and net metering, reveals the Renewable Market Watch™ in its recently published report Europe Net Metering and Self-Consumption Solar PV Market Outlook 2018 ÷ 2027 In February 2015, the European Commission published its new Energy Union strategy depicting a vision in which “citizens take ownership of the energy transition, benefit from new technologies to reduce their bills, participate actively in the market”. Besides a greater consumers’ involvement, the energy transition will require much more renewables. This paradigm shift has already started: In 2014 and for the first time, renewables produced more power than nuclear in Europe. And this trend will continue: according to the European Commission’s forecasts, renewables will cover around 45% of our electricity demand by 2030 and their share is expected to grow to 60% ÷ 97% by 2050. This represents a major opportunity to establish a clean, secure and resilient energy system on which European economy can grow.
The electric power sector in Europe is currently facing different changes and evolutions mainly in response to the three European Union (EU) energy-related challenges – environmental sustainability, security of supply, and competitiveness – within a context of growing electricity demand. These issues may also represent drivers for the further penetration of Distributed Power Generation (hereinafter simply Distributed Generation, or DG) technologies in Europe.
Making on-site solar power generation accessible to a larger number of consumers is also leading to new forms of engagement: energy cooperatives, joint purchasing programmes, crowdfunding platforms or leasing make the retail electricity market more diversified and competitive. Self-consumption solar PV is also a key driver for demand‑side flexibility, steering storage, smart appliances and more flexible contracts.
Furthermore incentivized self-consumption and net metering programs are becoming increasingly important policy supports for global solar PV markets and especially in Europe. The strong run for solar PV capacity additions through net metering and self-consumption support schemes continued in 2018. Net metering and self-consumption photovoltaic power capacity in European countries will exhibit further increase in the near future in respect of the planned and under construction projects.
The more information about Europe Net Metering and Self-Consumption Solar PV Market, including full contact details of solar PV project owners and developers you may read here: Europe Net Metering and Self-Consumption Solar PV Market Outlook 2018 ÷ 2027
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