PUBLISHER: Wood Mackenzie - Power & Renewables | PRODUCT CODE: 1761738
PUBLISHER: Wood Mackenzie - Power & Renewables | PRODUCT CODE: 1761738
Our 'Western Europe solar PV market outlook 2025' breaks down the main solar market drivers, opportunities and barriers for large-scale development and distributed solar PV in Germany, France, the Netherlands, Belgium, Luxembourg, Austria and Switzerland. Surpassing 469 GWdc by 2034, regional solar cumulative capacity is set to more than triple in Western Europe in the next 10 years. Germany will lead solar deployments across the continent, adding over half of total installed capacity in the region from 2025 to 2034, propelled by a robust tender programme, an ambitious 2030 solar target and regional rooftop PV mandates, while France will see exponential growth for residential PV, despite the recent FiT reductions and the near-term reduction in installation volumes it will bring. The expansion of solar PV cumulative installed volumes in Benelux, Austria and Switzerland will continue to be driven by growth in the residential and C&I PV segments.