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Solar power in Europe doubles in 2004

Photovoltaic solar power nearly doubled in the EU in 2004, just passing the barrier of 1 gigawatt installed capacity, according to Eurobserver, a pro-renewable energy consortium. Virtually all the growth (88%) was in Germany, due to fixed high prices for solar-produced electricity of up to €0.62 per kilowatt hour (EED 09/08/04). Eurobserver said it was upgrading its 2010 forecast for the EU to 4.5GW as a result, and despite unfavourable developments in Austria, Luxembourg and the Netherlands. Germany is now the global market leader in photovoltaic solar, it noted. See photovoltaic barometer.

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