ESTIF presents positive outlook for some European solar thermal market segments, despite disappointing overall results

The report finds that the total installed solar thermal capacity in Europe increased by 5.3% at the end of 2014, despite an overall decrease in newly installed capacity
The report finds that the total installed solar thermal capacity in Europe increased by 5.3% at the end of 2014, despite an overall decrease in newly installed capacity

Although the European solar thermal market experienced an overall decrease of around 7% in newly installed capacity in 2014, at the end of the year the total installed capacity increased by 5.3%.

While this is the third consecutive year of decline for market leader Germany, some markets are bucking the trend, the European Solar Thermal Industry Federation (ESTIF) announced.

The European solar heating and cooling sector is still feeling the impact of the economic crisis with lower sales in some of its largest markets. There are several main contributing factors to this sluggish performance, such as low gas prices, difficulty in accessing finance for consumers, stagnating construction sector, fewer public support schemes for solar thermal and competition from other energy sources with more attractive market incentives, ESTIF notes.

 

Solar thermal market growth in Greece and Spain

In 2014 some positive signs came from two of the largest European solar thermal markets, Greece and Spain, which have grown by around 19% and 10% respectively. In Greece this was the result of greater investments in the tourism sector and in Spain this was achieved thanks to a good performance in Andalusia.

 

Improvements to the German MAP incentive scheme should sow the seeds for recovery

In Germany, the introduction of improvements to the MAP incentive scheme should sow the seeds for recovery in Europe’s largest solar thermal market. Growth potential has been identified in some market segments, particularly in the booming decentralized large-scale heating sector in Denmark.

 

Huge potential for solar district heating

“We can see positive developments for the commercial, industrial and district heating applications. These segments are still quite small compared with the residential market; however, their growth over such a short period has confirmed their huge potential,” commented Robin Welling, ESTIF President.

“The solar thermal technology can play an important part in meeting the EU indicative targets, provided appropriate corrective action is taken by the member states to remove the barriers hindering its full deployment. Europe cannot afford to lose this opportunity to release the untapped free supply of solar energy!,” added Pedro Dias, ESTIF Secretary General.

ESTIF’s report “Solar Thermal Markets in Europe” is available for download at: www.estif.org

 

2015-06-30 | Courtesy: European Solar Thermal Industry Federation (ESTIF) | solarserver.com © Heindl Server GmbH

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