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Solar Power Companies Employ New Business Models to Generate Growth Opportunities and Overcome Price Barriers

 

 

 

 

 

 

After a dip in 2016, the European solar power market recovered remarkably in 2017 to add 8.6 GW of solar capacity. This growth was largely driven by technological progress, cost reductions, and the development of novel business models such as on-site direct wire mini power purchase agreements (PPAs). This business model is particularly popular among large-scale solar project developers to overcome regulatory barriers, while fully automated energy management across all sectors and segments on a local level and peer-to-peer models will facilitate new methods of financing. The implementation of such business models will enable PV system installers to offer Solar Energy-as-a-Service.

 

“Solar power generation is heavily reliant on government support,” said Irmak Giray, Research Analyst, Energy & Environment. “Reductions in subsidies and feed-in tariffs (FiTs), tax benefits, rebate programmes, and fund allocations will have a huge effect on the market. For instance, new capacity in the UK solar market showed a year-on-year decline of 53.8 percent in 2017, as the country had scaled back solar subsidy programmes. On the other hand, the markets in France and the Netherlands added capacity due to favourable support mechanisms.”

 

Frost & Sullivan’s recent analysis, European Solar Power Market, Forecast to 2025, includes in-depth analysis of the solar power market with specific focus on the markets of Austria, Belgium, Germany, Italy, the United Kingdom, France, Spain, Turkey, the Netherlands, the Nordic countries, and the Rest of Europe. It analyses trends in the residential, commercial and industrial (C&I), and utility end-user segments.

 

Find more information on this analysis here

 

“Regulations will cease to be an influential factor once prices start falling,” noted Giray. “Economies of scale and increasing automation of production will accelerate price reductions in solar modules and installation, which will encourage prosumers. Furthermore, long-term contracts such as solar power leasing programmes and PPA will allow investors to reduce cost and risk by using clean energy.”

 

Participants in the highly fragmented solar market are expected to start consolidating from 2018 to remain price competitive as well as foster collaborations among various stakeholders, including module manufacturers, energy companies, end users, and government organisations. There will be additional growth opportunities in:

 

  • Applying digitisation and advanced digital technologies to solar systems.
  • Expanding offerings to include residential C&I storage.
  • Integrating energy storage solutions with PV systems as it offers fresh investment opportunities for project developers, utilities, software solution providers, and system integrators.
  • Acquiring or partnering with established developers as well as smaller companies that have a targeted development country or a technology that can improve the operational performance of existing or future solar assets.
  • Employing a multi-channel approach to effectively target the market.

 

European Solar Power Market, Forecast to 2025 is part of Frost & Sullivan’s global Power Generation Growth Partnership Service program.

 

About Frost & Sullivan

 

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success.

 

Posted December 12, 2018

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