Amid the escalating energy crisis in Europe, renewable energy PPA electricity prices have maintained an upward trend for three consecutive quarters, with a cumulative increase of 17.4% since March. There is a relatively large profit margin for project developers, and the acceptance of component prices in the European market is gradually increasing.

Trends in PPA Electricity Price Changes in Europe

French Market: The new PV installations in 2021 reached 2.8GW, with a cumulative installed capacity of 13.99GW. The expected new installation in 2022 is 2.55GW.

German Market: The new PV installations in 2021 reached 5.26GW, compared to 4.88GW in 2020, representing an 8% year-on-year growth. In terms of tenders, the total PV project tender volume in Germany for 2022 is 6GW, with 3.6GW for utility-scale projects and 2.3GW for rooftop projects. Additionally, Germany plans to achieve its 100% renewable energy supply goal ahead of schedule by 2035, with the annual average new solar installation capacity increasing from 6.5GW in 2022 to 20GW in 2028.

UK Market: The new PV installations in 2021 reached 730MW, with the development of subsidy-free rooftop solar projects performing well at 369MW, accounting for over 50%. As of the end of December 2021, the cumulative installed solar capacity in the UK reached 14.6GW, with rooftop projects exceeding 5GW. The UK plans to hold renewable energy tenders annually starting in 2023.

Forecast of New PV Installations in Europe in 2022 (Unit: GW)

Part of the article excerpted from the network, infringement contact deleted.