In the latest report on the state of photovoltaic (PV Status Report 2012), released recently by the European Commission, we learn that Europe accounted for two-thirds of the newly installed capacity in 2011 worldwide, a figure 18.5 GW.
The overall capacity of PV in the European Union (EU) totaled 52 GW in 2011. The energy generated annually by the photovoltaic and could supply the electricity demand of a country like Austria, which corresponds to the final 2% of the electricity needs of the European Union.
Study summarizes and evaluates the current activities in the field in solar manufacturing, implementation of policies and market conditions around the globe.
It appears that over the past decade, the photovoltaic industry in Europe grew by an average of over 40% per year with production costs decreased by approximately 60%. The origin of this increase will come from the EU to use PV systems as a means of achieving the target of 20% renewable energy by 2020.
Germany, Italy, Spain, the Czech Republic, France, Belgium and the United Kingdom are the leaders of the installed PV capacity in Europe.
Since 2000, global production of PV on the planet has experienced growth rates of between 40 and 90%. The fastest growing of the annual production in the past five years has been observed in Asia, where China alone accounts for over 50% of global production of PV. In addition, for the second consecutive year, solar energy is renewable energy that has attracted the most investment with a total of 98.5 billion euros worldwide, two thirds of which are concentrated in Europe.