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The EU solar sector continues its upward trajectory, with mid-2025 figures confirming robust growth. SolarPower Europe’s latest analysis highlights record installations, policy momentum, and the technology’s central role in the continent’s clean energy transition. Source: eepowerschool.com
The Europe solar PV market size crossed USD 63.1 billion in 2024 and is set to register at a CAGR of 7.1% from 2025 to 2034, due to the growing focus on green energy and net zero initiatives.
According to SolarPower Europe ’s mid-year analysis, the EU added a substantial volume of solar capacity in the first half of the year, driven by favourable policy frameworks, declining technology costs, and growing public and private investment.
The price of solar PV modules has decreased significantly over the past decade, with the cost of solar power falling below grid parity in many parts of Europe, thereby increasing market competitiveness, as both established and new players compete for market share.
United States President Donald Trump will host the heads of five Central Asian countries – Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan and Turkmenistan – in an annual summit in Washington, DC, on Thursday. The group, founded in 2015, is known as C5+1, which refers to the five Central Asian countries and the US.
US President Donald Trump to meet leaders from five Central Asian countries in Washington for 10th meeting of C5+1.
Commissioner Síkela stated: “Central Asia and the European Union are solid partners, and our cooperation is growing. But I see even greater potential to unlock. Together, we can deliver long-term benefits for people and businesses on both sides. That’s exactly what I focused on during my mission.
The United States must find other ways to compete, such as by including technology transfer and technical assistance alongside its funds. The CPC’s 2022 policy brief recommends offering the services of the U.S. Geological Survey to help Central Asian countries utilize and profit from their critical mineral resources.
21.9 GWh of battery energy storage systems (BESS) was installed in Europe in 2024, marking the eleventh consecutive year of record breaking-installations, and bringing Europe’s total battery fleet to 61.1 GWh. However, the annual growth rate slowed down to 15% in 2024, after three consecutive years of doubling newly added capacity.
The main energy storage method in the EU is by far 'pumped storage hydropower', which works by pumping water into reservoirs when there is an electricity surplus in the grid - for example on a sunny or windy day - and releasing it when more energy is needed.
Historic and forecasted megawatt installs of energy storage across Europe. Image: EASE / LCP Delta. A total of 11.9GW of energy storage across all scales and technologies was installed in Europe in 2024, bringing cumulative installations to 89GW.
The latest edition of the European Market Monitor on Energy Storage by LCP Delta and The European Association for Storage of Energy (EASE), released today, highlights Europe's rapid expansion in energy storage capacity, which reached 89 gigawatts (GW) by the end of 2024.
