Solar Power expects PV market to slow down in 2024

The last three years marked a photovoltaic boom in Poland and the EU, with a 41% increase in solar installations in 2021 and 42% in 2022. However, according to Solar Power Europe, this trend will significantly slow down in 2024, with only an 11% growth in installed solar capacity. Factors include decreasing electricity prices, making solar investments less lucrative.

In Poland, the shift from net-metering to less favorable net-billing and infrastructure challenges also contribute to the slowdown. Despite uncertainties, oversupply may lead to further reductions in solar panel prices, maintaining the appeal of solar investments.

Source: portalsamorzadowy.pl