Photovoltaic Market: Growth and Potential in Poland and Worldwide
Aa
Share
Photovoltaic market in Poland and around world
According to the Institute of Renewable Energy, Poland had a cumulative PV capacity of more than 13 GW at the end of 1Q23, ranking sixth in the EU in terms of installed capacity.
According to the Energy Regulatory Office, the cumulative installed PV capacity in 2022 has grown by more than 4.7 GW (practically the highest growth in the EU). As of the end of 1Q23, the share of prosumers in PV power generation was 74%, the share of small installations (50-1000 kW) was 21%, and large PV farms was 5%.
The share of PV energy in RES electricity increased from 3% in 2019 to more than 23.3% in 2023. According to the Institute of Renewable Energy, in 2022 the world's PV capacity exceeded 1,000 GW, in the EU it reached 200 GW.
The current Institute of Renewable Energy forecast indicates that installed capacity in Poland will double in just three consecutive years. By the end of 2025, there will already be 26.8 GW of PV installations in the power system, which means that Poland will enter the top three EU countries in terms of total installed capacity.
It will become the fourth biggest producer of electricity from the sun in Europe. Wacker Chemie, one of the largest producers of polysilicon, used in panel production, projects a 50-60GW (25-30% y/y) increase in PV farm capacity in Europe in 2023. Globally, growth will be in the range of 300- 350GW (30-35% y/y). China will see the largest increase for another year
