Solar Market Potential Could Hinge on European Ambitions

EU support for solar electricity is critical if the technology is to achieve its global potential, according to the “Solar Generation II” report released by the European Photovoltaic Industry Association (EPIA) and Greenpeace.

“Countries such as Germany have seen their solar electricity industry grow exponentially and exceed expectations. But a solar future needs Europe-wide commitment now,” said Sven Teske of Greenpeace International, one of the authors of the report. “The EU needs to look beyond the Kyoto Protocol, which comes into force next month, and set legally binding targets for renewable energies for 2020. There should be an end to all subsidies for fossil fuels and nuclear energy. Every euro invested in solar electricity contributes to climate protection, innovation and less dependence on imported fuels.” In the report the organizations postulate that by 2020 solar power could deliver electricity to more than 1 billion people, provide over 2.2 million jobs, and reduce CO2 emissions by 169 million tons a year. Those estimates are equivalent to the current output of 75 coal-fired power stations. By 2040, solar electricity could supply over 20 percent of global electricity needs. The report shows that solar electricity can make a major contribution to a secure global electricity supply, including in remote regions, and help prevent dangerous climate change. It sets out a blueprint for a 62-billion-euro industry within 15 years. EPIA represents many of Europe’s solar electricity companies, and is always trying to keep up with the challenges of such a dynamic industry. “The solar electricity industry is now one of Europe’s fastest growing sectors, creating a significant number of jobs in manufacturing, installation and service, and attracting considerable new investment,” said Murray Cameron, who is the vice-president of EPIA. “Every EU member state can benefit from this industry expansion by introducing market promotion mechanisms. EPIA is pressing for the introduction of a feed-in tariff scheme in each member state, since this has proven to be a highly effective instrument which does not rely on government subsidies.”
Previous articleVermont Cows Bring Methane to the Grid
Next articlePartnership to Develop Vertical Axis Wind Turbine

No posts to display