The Market to Establish Your Solar Storage Success

In the past decade, the European PV Market is largely driven by its Renewable Energy Directive 2009” (RED) (2009/28/EC1), which set the overall EU target of 20% final energy consumption from renewable sources by 2020, as well as binding national targets for each Member State. On June 14, 2018, the figure is further pushed for 32% renewables share by 2030, after a revised RED agreement reached by the European Commission, Parliament and Council. Currently the solar capacity in Europe achieves 116 gigawatts, with a medium scenario projection of 15.7 gigawatts annual installations by 2021.

On the other hand, energy storage becomes an unstoppable trend, projected to attract a total investment of USD$ 103 Billion between 2016 and 2030. Alongside higher penetration of solar, proper usage of energy storage solutions can help stabilize the grid, allow more efficient and reliable utilization of power, as well as add flexibility to the entire energy system.