The Long Term Strategy in an international context

Solar powering a decarbonized economy

Dr James Watson, Chief Executive, SolarPower Europe

EU STRATEGY FOR LONG-TERM EMISSIONS REDUCTION

10th July 2018

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Global Solar Market / Update 2000 – 2017

Global solar market grows 30% YOY to nearly 100 GW in 2017, almost double the capacity installed by the second most installed technology – wind.

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Global Solar Market / Prospects 2018 - 2022

Medium Scenario anticipates constant growth over next 5 years.

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Global Solar Market / Prospects 2018 - 2022

Medium Scenario forecasts over 1 TW of total global solar power generation capacities by end of 2022

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Global Solar Market / Cost Comparison

Cost leader: Solar power generation is increasingly cheaper thannuclear, coal and gas

So Much Potential…

The potential for solar and renewables is huge

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Little or fast solar growth in Europe and beyond? This willdepend on policy frameworks

Key Challenge: Regulatory Frameworks

Policy Requirements for strong European Solar Demand

› 32% 2030 RES Target

› Viable Framework for Small Installations

› Faster and Better Markets

› Removal of Trade measures

› A European Industrial Strategy

› A phaseout plan for inflexible generation

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© SolarPower Europe 2018