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Europe Set for 50 TWh Solar Power Boom in 2024


Europe anticipates a significant increase in solar power generation in 2024, led by Germany's doubling down on photovoltaic capacity.

By Rystad Energy- Feb 21, 2024, 4:00 PM CST Solar photovoltaic (PV) energy in Europe projected to spike by 50 TWh in 2024, surpassing other generation sources. However, the growth rate will not match the last one seen in 2023, when wind energy output increased by 50 TWh thanks to additional capacity installations and a windier year, particularly in the last quarter. Rystad Energy expects continued strong additions from renewables during 2024 with solar leading growth for the first time both in terms of capacity and generation.

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