page 1
page 2
page 3
page 4
page 5
page 6
page 7
page 8
page 9
page 10
page 11
page 12
page 13
page 14
page 15
page 16
page 17
page 18
page 19
page 20
page 21
page 22
page 23
page 24
page 25
page 26
page 27
page 28
page 29
page 30
page 31
page 32
page 33
page 34
page 35
page 36
page 37
page 38
page 39
page 40
page 41
page 42
page 43
page 44
page 45
page 46
page 47
page 48
page 49
page 50
page 51
page 52
page 53
page 54
page 55
page 56
page 57
page 58
page 59
page 60
page 61
page 62
page 63
page 64
page 65
page 66
page 67
page 68
page 69
page 70
page 71
page 72
page 73
page 74
page 75
page 76
page 77
page 78
page 79
page 80
page 81
page 82
page 83
page 84
page 85
page 86
page 87
page 88
page 89
page 90
page 91
page 92
page 93
page 94
page 95
page 96
page 97
page 98
page 99
page 100
page 101
page 102
page 103
page 104
page 105
page 106
page 107
page 108
page 109
page 110
page 111
page 112
page 113
page 114
page 115
page 116
page 117
page 118
page 119
page 120
page 121
page 122
page 123
page 124
page 125
page 126
page 127
page 128
page 129
page 130
page 131
page 132
page 133
page 134
page 135
page 136
page 137
page 138
page 139
page 140

Europe in terms of added installed capacity, ahead of wind and gas. How much electricity does PV currently provide in Europe? Based on the capacity installed and connected to the grid at the end of 2011, PV can provide roughly 2 per cent of the electricity demand in Europe, up from 1.15 per cent at the end of 2010. In Italy, more than 5 per cent of the electricity will come from PV systems connected until 2011. In Germany, this figure is more than 4 per cent. Spain, Belgium and other countries are progressing rapidly as well. Globally, PV represented at the end of 2011 roughly 0.5 per cent of electricity demand and 1 per cent of the peak power demand. Going forward, PV has the potential to meet 12 per cent of the EU electricity demand by 2020, powering 357 million European homes, providing a reduction of almost 200 million tonnes of CO2 (the equivalent of taking 98 million cars off the road each year) and creating some 350,000 jobs. By 2030, PV could generate 2,600 TWh of electricity globally, satisfying the needs of nearly 14 per cent of the world's population. By 2050, Pictured Above: Building Integrated Photovoltaics - Crystalline silicon technology. Copyright: ENELPictured right: Reinhold Buttgereit060 renewable energy

PV could provide more than a fifth of the global electricity demand.After many years of impressive growth, the solar PV industry now faces major challenges even as our technology approaches competitiveness with conventional electricity sources. In the coming years, we will need to work to create new markets and business models for PV. We will also need to make sure that policymakers understand the importance of maintaining a stable regulatory environment and of markets based on principles of free and fair trade and competition principles. In these difficult times, governments are naturally struggling with budgetary concerns and rethinking public support schemes; private financing is also less certain, with investors who are nervous and banks that are reluctant to lend. Companies will have to find new markets and new business models to adapt to these changing realities. Policy and regulatory stability - subsidies that are phased out gradually rather than abruptly - will be more important than ever. We also need governments to remove bureaucratic obstacles to PV deployment - a cost-effective way to promote the uptake of the technology. And we should not forget, as International Energy Agency Executive Director Maria van der Hoeven recently pointed out in an article in European Energy Review, government subsidies to fossil fuels (which are usually completely non-transparent) globally in 2010 were six times higher than economic incentives to renewable energy (US$409 billion vs. US$66 billion).The challenges we face may seem daunting. But the fact that the global market for PV has continued to grow even in times of economic crisis shows there is a demand that can withstand a difficult period. With proper policy support, balanced market development, and continued industry innovation, the world's most promising source of electricity can continue its remarkable growth rate well into the future. Now there is a thought to keep you warm even in the middle of winter. nabout the authorReinhold Buttgereit has been Secretary General of EPIA since May 2011. Previously, he worked in public affairs and lobbying for Vattenfall Europe for 12 years. Mr Buttgereit has also worked as an expert in environmental impact assessment, mediation and project management at the technical consultancy firm Prognos as well as at the Berlin utility Bewag. He earned his PhD in Landscape Architecture from Technical University of Berlin." We also need governments to remove bureaucratic obstacles to PV deployment "renewable energy 061