Europe accounted for two thirds of the world-wide newly installed photovoltaic (PV) capacity in 2011, with 18.5 GW. Its overall PV capacity totalled 52 GW. The yearly electricity produced by PV could power a country with the electricity demand of Austria, which corresponds to 2% of the EU's electricity needs. These are some of the highlights of the 2012 Photovoltaics Status Report published today by the European Commission's Joint Research Centre.