Press release - Details
Photovoltaic Power is Poised to Join European Energy Mainstream by 2020
BRUSSELS, June 22, 2009 – Photovoltaic solar electricity is poised to become a significant and competitive supplier to the European electricity market, concludes a comprehensive study conducted by the European Photovoltaic Industry Association (EPIA) with the strategic management consultancy A.T. Kearney.
The SET For 2020 study (www.setfor2020.eu) explores different deployment scenarios: Under business-as-usual conditions, photovoltaic power should supply between 4% and 6% of Europeans’ electricity needs by 2020. However, photovoltaic power could supply as much as 12% of EU electricity demand by 2020 – up from less than 1% at present – if more favourable conditions are established by European policy makers, regulators and the energy sector at large.
