Under The Energy Crisis, The European Photovoltaic Market Is Breaking Out!

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Since the beginning of this year, under the influence of factors such as the repeated outbreak of the new crown epidemic and the intensification of the conflict between Russia and Ukraine, the global energy crisis has intensified, especially the European energy has turned on the "red light" early.

At the same time, driven by factors such as Europe's active search for alternatives to traditional energy and economic development and consumption upgrades in emerging countries, the demand for renewable energy power generation such as solar energy has exploded, and many European countries such as the United Kingdom and Germany are setting off a new round of photovoltaics Installation wave.

The current boom in household photovoltaics in the UK

According to a recent report by Xinhua News Agency, due to the soaring prices of natural gas and electricity in Europe, there is a new wave of installation of household photovoltaic power generation systems in the UK. As a result, the market of related photovoltaic products has risen, and some products have even been in short supply.

A photovoltaic module manufacturer said that compared with last year, orders for photovoltaic products have increased by 4 times this year, and the supply is in short supply, and the delivery time has been delayed from the past two or three weeks to two or three months.

Data show that in the first half of this year, the installed capacity of photovoltaic power generation systems in the UK reached 556MW, an increase of 80% year-on-year.

According to a forecast by a British energy consultancy, by October this year, the average annual energy bill of British households exceeded 3,300 pounds, a surge of about 70% year-on-year. That figure is expected to rise to around £3,600 by early next year and remain there until 2024.

It is foreseeable that in the future, household energy bills in the UK will continue to rise, and new energy consumption patterns for consumers are gradually taking shape.

German PV installations speed up

Under the requirement of sanctions against Russia, Germany, the largest economic power in Europe, is facing the dilemma of serious energy shortage.

Since Germany's energy is mainly dependent on oil and natural gas, and Russia is Germany's main energy supplier, the sanctions have caused Germany's energy supply to plummet and energy prices to continue to soar. In May this year, German energy prices rose by 87% year-on-year, and natural gas prices rose by 148% year-on-year. Some experts predict that by this winter, the price of natural gas in Germany will increase by 1-3 times.

The soaring price of traditional energy in Germany has directly led to a surge in demand for renewable energy. According to the latest data released by the German Federal Network Agency, in the first half of this year, Germany installed a total of 3.2GW of photovoltaic power generation systems, compared with 2.75GW in the same period last year, a year-on-year increase of 16.4%. In June this year, Germany's newly installed photovoltaic capacity was 615MW, compared with 428.5MW in the same period last year, a year-on-year increase of 43.5%. In addition, as of the end of June this year, all subsidized PV installations in Germany totaled 55.9GW.

According to statistics from well-known German institutions, in the first half of this year, Germany's renewable energy power generation accounted for 49% of its total power generation, a year-on-year increase of 6%.

In addition, in order to ensure energy security, the German government has formulated a package that requires that by 2030, its renewable energy generation must account for more than 80% of its total electricity. Among them, the photovoltaic installed capacity target is 215GW, for which 22GW of photovoltaic installed capacity needs to be added every year from 2026.

The European market continues to break out

It has to be said that photovoltaic power generation is turning on the "green light" for European energy.

According to data from the European Photovoltaic Association, in 2021, the newly installed photovoltaic capacity of the 27 EU member states will be 25.9GW, a year-on-year increase of 34%; Germany, Spain and the Netherlands will rank the top three. The market expects that the newly installed photovoltaic capacity in Europe will exceed 40GW this year, a year-on-year increase of more than 50%.

Previously, in order to reduce the dependence on Russian energy and accelerate the transition to clean energy, the European Union released an energy plan called "RepowerEU", which plans to double the installed capacity of solar photovoltaic power generation by 2025, and install 600GW by 2030. The investment value is as high as 195 billion euros (about 1,342.8 billion yuan).

The plan proposes an increase of 15TWh of rooftop photovoltaic power generation in 2022, and requires that "by 2025, all new buildings and existing buildings with energy consumption class D or above should have rooftop photovoltaics installed".

China's photovoltaic industry welcomes development opportunities

As far as the current market situation is concerned, in order to get rid of energy dependence on Russia, Europe has begun to accelerate the transition to renewable energy, and Germany has even advanced the goal of 100% use of renewable energy for power generation by 15 years. The explosive growth of the newly installed photovoltaic market in Europe will also drive the rapid development of the global photovoltaic industry, and my country's photovoltaic industry will usher in important development opportunities.

In recent years, Europe has been my country's largest export market for photovoltaic modules. According to Eurostat data, the EU imported 8 billion euros worth of solar module products in 2020, 75% of which came from China.

In the first half of 2022, my country's export components reached 78.7GW, a year-on-year increase of 102%. Among them, the European market imported 42.4 GW of photovoltaic modules, up 137% year-on-year, accounting for 53.9% of the total export volume. Other regions, such as Asia-Pacific, America, Middle East, Africa, etc., also showed great growth.

Today, as the world's largest photovoltaic product manufacturer and photovoltaic application country, China supplies more than 70% of photovoltaic modules to the global market. With the outbreak of the global photovoltaic market , especially the European photovoltaic market, the Chinese photovoltaic industry will inevitably benefit from it

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