IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v270y2023ics0360544223001986.html
   My bibliography  Save this article

Perspectives of photovoltaic energy market development in the european union

Author

Listed:
  • Bórawski, Piotr
  • Holden, Lisa
  • Bełdycka-Bórawska, Aneta

Abstract

Photovoltaic (PV) energy has recently been gaining much attention worldwide. It is the least expensive energy source which can be used to replace part of the energy from fossil fuels. The European Union (EU) published the European Green Deal in 2019 with the aim of achieving climate neutrality. The PV solar energy market has gained technological maturity and can help to achieve these climate targets.

Suggested Citation

  • Bórawski, Piotr & Holden, Lisa & Bełdycka-Bórawska, Aneta, 2023. "Perspectives of photovoltaic energy market development in the european union," Energy, Elsevier, vol. 270(C).
    • Handle: RePEc:eee:energy:v:270:y:2023:i:c:s0360544223001986
    DOI: 10.1016/j.energy.2023.126804
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544223001986
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.energy.2023.126804?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Dusonchet, Luigi & Telaretti, Enrico, 2010. "Economic analysis of different supporting policies for the production of electrical energy by solar photovoltaics in eastern European Union countries," Energy Policy, Elsevier, vol. 38(8), pages 4011-4020, August.
    2. Byrne, John & Taminiau, Job & Kurdgelashvili, Lado & Kim, Kyung Nam, 2015. "A review of the solar city concept and methods to assess rooftop solar electric potential, with an illustrative application to the city of Seoul," Renewable and Sustainable Energy Reviews, Elsevier, vol. 41(C), pages 830-844.
    3. Hosenuzzaman, M. & Rahim, N.A. & Selvaraj, J. & Hasanuzzaman, M. & Malek, A.B.M.A. & Nahar, A., 2015. "Global prospects, progress, policies, and environmental impact of solar photovoltaic power generation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 41(C), pages 284-297.
    4. Bazyli Czyżewski & Marta Guth, 2021. "Impact of Policy and Factor Intensity on Sustainable Value of European Agriculture: Exploring Trade-Offs of Environmental, Economic and Social Efficiency at the Regional Level," Agriculture, MDPI, vol. 11(1), pages 1-19, January.
    5. Heydari, Ali & Askarzadeh, Alireza, 2016. "Optimization of a biomass-based photovoltaic power plant for an off-grid application subject to loss of power supply probability concept," Applied Energy, Elsevier, vol. 165(C), pages 601-611.
    6. Suat Ozturk & Feride Ozturk, 2018. "Forecasting Energy Consumption of Turkey by Arima Model," Journal of Asian Scientific Research, Asian Economic and Social Society, vol. 8(2), pages 52-60.
    7. Cucchiella, Federica & D’Adamo, Idiano, 2012. "Feasibility study of developing photovoltaic power projects in Italy: An integrated approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(3), pages 1562-1576.
    8. Islam, K.M. Nazmul, 2018. "Municipal solid waste to energy generation: An approach for enhancing climate co-benefits in the urban areas of Bangladesh," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P2), pages 2472-2486.
    9. Celik, Ali Naci & Muneer, Tariq & Clarke, Peter, 2009. "A review of installed solar photovoltaic and thermal collector capacities in relation to solar potential for the EU-15," Renewable Energy, Elsevier, vol. 34(3), pages 849-856.
    10. Khan, Jibran & Arsalan, Mudassar H., 2016. "Solar power technologies for sustainable electricity generation – A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 55(C), pages 414-425.
    11. Phinikarides, Alexander & Makrides, George & Zinsser, Bastian & Schubert, Markus & Georghiou, George E., 2015. "Analysis of photovoltaic system performance time series: Seasonality and performance loss," Renewable Energy, Elsevier, vol. 77(C), pages 51-63.
    12. Costoya, X. & deCastro, M. & Carvalho, D. & Arguilé-Pérez, B. & Gómez-Gesteira, M., 2022. "Combining offshore wind and solar photovoltaic energy to stabilize energy supply under climate change scenarios: A case study on the western Iberian Peninsula," Renewable and Sustainable Energy Reviews, Elsevier, vol. 157(C).
    13. Martins, Florinda, 2017. "PV sector in the European Union countries – Clusters and efficiency," Renewable and Sustainable Energy Reviews, Elsevier, vol. 74(C), pages 173-177.
    14. Song, Qingbin & Wang, Zhishi & Li, Jinhui & Duan, Huabo & Yu, Danfeng & Liu, Gang, 2018. "Comparative life cycle GHG emissions from local electricity generation using heavy oil, natural gas, and MSW incineration in Macau," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P2), pages 2450-2459.
    15. Orioli, Aldo & Di Gangi, Alessandra, 2014. "Review of the energy and economic parameters involved in the effectiveness of grid-connected PV systems installed in multi-storey buildings," Applied Energy, Elsevier, vol. 113(C), pages 955-969.
    16. Devabhaktuni, Vijay & Alam, Mansoor & Shekara Sreenadh Reddy Depuru, Soma & Green, Robert C. & Nims, Douglas & Near, Craig, 2013. "Solar energy: Trends and enabling technologies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 19(C), pages 555-564.
    17. Wang, Guochang & Su, Yan & Shu, Lianjie, 2016. "One-day-ahead daily power forecasting of photovoltaic systems based on partial functional linear regression models," Renewable Energy, Elsevier, vol. 96(PA), pages 469-478.
    18. Treyer, Karin & Bauer, Christian, 2016. "The environmental footprint of UAE׳s electricity sector: Combining life cycle assessment and scenario modeling," Renewable and Sustainable Energy Reviews, Elsevier, vol. 55(C), pages 1234-1247.
    19. Dusonchet, Luigi & Telaretti, Enrico, 2010. "Economic analysis of different supporting policies for the production of electrical energy by solar photovoltaics in western European Union countries," Energy Policy, Elsevier, vol. 38(7), pages 3297-3308, July.
    20. Kligerman, Debora Cynamon & Bouwer, Edward J., 2015. "Prospects for biodiesel production from algae-based wastewater treatment in Brazil: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 52(C), pages 1834-1846.
    21. Zhou, Dequn & Chong, Zhaotian & Wang, Qunwei, 2020. "What is the future policy for photovoltaic power applications in China? Lessons from the past," Resources Policy, Elsevier, vol. 65(C).
    22. William Hongsong Wang & Vicente Moreno-Casas & Jesús Huerta de Soto, 2021. "A Free-Market Environmentalist Transition toward Renewable Energy: The Cases of Germany, Denmark, and the United Kingdom," Energies, MDPI, vol. 14(15), pages 1-27, July.
    23. Lund, Henrik, 2007. "Renewable energy strategies for sustainable development," Energy, Elsevier, vol. 32(6), pages 912-919.
    24. Mala, Kirti & Schläpfer, August & Pryor, Trevor, 2009. "Better or worse? The role of solar photovoltaic (PV) systems in sustainable development: Case studies of remote atoll communities in Kiribati," Renewable Energy, Elsevier, vol. 34(2), pages 358-361.
    25. Jacques, David A. & Gooding, James & Giesekam, Jannik J. & Tomlin, Alison S. & Crook, Rolf, 2014. "Methodology for the assessment of PV capacity over a city region using low-resolution LiDAR data and application to the City of Leeds (UK)," Applied Energy, Elsevier, vol. 124(C), pages 28-34.
    26. Aasim, & Singh, S.N. & Mohapatra, Abheejeet, 2019. "Repeated wavelet transform based ARIMA model for very short-term wind speed forecasting," Renewable Energy, Elsevier, vol. 136(C), pages 758-768.
    27. Krystyna Kurowska & Renata Marks-Bielska & Stanisław Bielski & Hubert Kryszk & Algirdas Jasinskas, 2020. "Food Security in the Context of Liquid Biofuels Production," Energies, MDPI, vol. 13(23), pages 1-16, November.
    28. Renata Marks-Bielska & Stanisław Bielski & Katarzyna Pik & Krystyna Kurowska, 2020. "The Importance of Renewable Energy Sources in Poland’s Energy Mix," Energies, MDPI, vol. 13(18), pages 1-23, September.
    29. Li, Yanting & Su, Yan & Shu, Lianjie, 2014. "An ARMAX model for forecasting the power output of a grid connected photovoltaic system," Renewable Energy, Elsevier, vol. 66(C), pages 78-89.
    30. Koutroumanidis, Theodoros & Ioannou, Konstantinos & Arabatzis, Garyfallos, 2009. "Predicting fuelwood prices in Greece with the use of ARIMA models, artificial neural networks and a hybrid ARIMA-ANN model," Energy Policy, Elsevier, vol. 37(9), pages 3627-3634, September.
    31. Cansino, José M. & Pablo-Romero, María del P. & Román, Rocío & Yñiguez, Rocío, 2010. "Tax incentives to promote green electricity: An overview of EU-27 countries," Energy Policy, Elsevier, vol. 38(10), pages 6000-6008, October.
    32. Yuan Zhou & Meijuan Pan & Frauke Urban, 2018. "Comparing the International Knowledge Flow of China’s Wind and Solar Photovoltaic (PV) Industries: Patent Analysis and Implications for Sustainable Development," Sustainability, MDPI, vol. 10(6), pages 1-34, June.
    33. Afgan, Naim H. & Carvalho, Maria G., 2002. "Multi-criteria assessment of new and renewable energy power plants," Energy, Elsevier, vol. 27(8), pages 739-755.
    34. Sharadga, Hussein & Hajimirza, Shima & Balog, Robert S., 2020. "Time series forecasting of solar power generation for large-scale photovoltaic plants," Renewable Energy, Elsevier, vol. 150(C), pages 797-807.
    35. Kougias, Ioannis & Taylor, Nigel & Kakoulaki, Georgia & Jäger-Waldau, Arnulf, 2021. "The role of photovoltaics for the European Green Deal and the recovery plan," Renewable and Sustainable Energy Reviews, Elsevier, vol. 144(C).
    36. Lund, Henrik, 1999. "Implementation of energy-conservation policies: the case of electric heating conversion in Denmark," Applied Energy, Elsevier, vol. 64(1-4), pages 117-127, September.
    37. Abbe, G. & Smith, H., 2016. "Technological development trends in Solar‐powered Aircraft Systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 60(C), pages 770-783.
    38. Pillot, Benjamin & Muselli, Marc & Poggi, Philippe & Dias, João Batista, 2019. "Historical trends in global energy policy and renewable power system issues in Sub-Saharan Africa: The case of solar PV," Energy Policy, Elsevier, vol. 127(C), pages 113-124.
    39. Małgorzata Rataj & Justyna Berniak-Woźny & Marlena Plebańska, 2021. "Poland as the EU Leader in Terms of Photovoltaic Market Growth Dynamics—Behind the Scenes," Energies, MDPI, vol. 14(21), pages 1-19, October.
    40. Blok, Kornelis, 2005. "Enhanced policies for the improvement of electricity efficiencies," Energy Policy, Elsevier, vol. 33(13), pages 1635-1641, September.
    41. Suat Ozturk & Feride Ozturk, 2018. "Forecasting Energy Consumption of Turkey by Arima Model," Journal of Asian Scientific Research, Asian Economic and Social Society, vol. 8(2), pages 52-60, February.
    42. Jamil, Rehan, 2020. "Hydroelectricity consumption forecast for Pakistan using ARIMA modeling and supply-demand analysis for the year 2030," Renewable Energy, Elsevier, vol. 154(C), pages 1-10.
    43. Prema, V. & Rao, K. Uma, 2015. "Development of statistical time series models for solar power prediction," Renewable Energy, Elsevier, vol. 83(C), pages 100-109.
    44. Alizadeh, Reza & Lund, Peter D. & Soltanisehat, Leili, 2020. "Outlook on biofuels in future studies: A systematic literature review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 134(C).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Aneta Bełdycka-Bórawska, 2023. "Performance of the Polish Biofuel Industry after Accession to the European Union in the Area of Sustainable Development Concepts," Energies, MDPI, vol. 16(22), pages 1-18, November.
    2. Barbara, Christian Enrico & D Adamo, Idiano & Gastaldi, Massimo & Nizami, Abdul Sattar, 2024. "Clean energy for a sustainable future: Analysis of a PV system and LED bulbs in a hotel," Energy, Elsevier, vol. 299(C).
    3. Liu, Jiang & Wu, Qifeng & Lin, Zhipeng & Shi, Huijie & Wen, Shaoyang & Wu, Qiaoyu & Zhang, Junxue & Peng, Changhai, 2023. "A novel approach for assessing rooftop-and-facade solar photovoltaic potential in rural areas using three-dimensional (3D) building models constructed with GIS," Energy, Elsevier, vol. 282(C).
    4. Yecid Muñoz & Ciro Alfonso Suarez & Adalberto Ospino Castro & Omar Julián López, 2024. "Technical and Financial Analysis for the Implementation of Small-scale Self-generation Projects, based on Grid-Tied Photovoltaic Solar Energy, for Residential Users under Colombian Regulations," International Journal of Energy Economics and Policy, Econjournals, vol. 14(2), pages 197-205, March.
    5. Huda, Adri & Kurniawan, Ian & Purba, Khairul Fahmi & Ichwani, Reisya & Aryansyah, & Fionasari, Richa, 2024. "Techno-economic assessment of residential and farm-based photovoltaic systems," Renewable Energy, Elsevier, vol. 222(C).
    6. Benalcazar, Pablo & Komorowska, Aleksandra & Kamiński, Jacek, 2024. "A GIS-based method for assessing the economics of utility-scale photovoltaic systems," Applied Energy, Elsevier, vol. 353(PA).
    7. Andrzej Nowrot & Anna Manowska, 2023. "Supercapacitors as Key Enablers of Decarbonization and Renewable Energy Expansion in Poland," Sustainability, MDPI, vol. 16(1), pages 1-27, December.
    8. Liu, Xinyu & Yang, Jianping & Yang, Chunhe & Zhang, Zheyuan & Chen, Weizhong, 2023. "Numerical simulation on cavern support of compressed air energy storage(CAES)considering thermo-mechanical coupling effect," Energy, Elsevier, vol. 282(C).
    9. Amal Bouich & Inmaculada Guaita Pradas & Mehwish Aziz Khan & Yousaf Hameed Khattak, 2023. "Opportunities, Challenges, and Future Prospects of the Solar Cell Market," Sustainability, MDPI, vol. 15(21), pages 1-15, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Piotr Bórawski & Lisa Holden & Marek Bartłomiej Bórawski & Bartosz Mickiewicz, 2022. "Perspectives of Biodiesel Development in Poland against the Background of the European Union," Energies, MDPI, vol. 15(12), pages 1-15, June.
    2. Dusonchet, L. & Telaretti, E., 2015. "Comparative economic analysis of support policies for solar PV in the most representative EU countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 42(C), pages 986-998.
    3. Ramírez, F. Javier & Honrubia-Escribano, A. & Gómez-Lázaro, E. & Pham, Duc T., 2017. "Combining feed-in tariffs and net-metering schemes to balance development in adoption of photovoltaic energy: Comparative economic assessment and policy implications for European countries," Energy Policy, Elsevier, vol. 102(C), pages 440-452.
    4. Lund, H. & Mathiesen, B.V., 2009. "Energy system analysis of 100% renewable energy systems—The case of Denmark in years 2030 and 2050," Energy, Elsevier, vol. 34(5), pages 524-531.
    5. Azad, A.K. & Rasul, M.G. & Khan, M.M.K. & Sharma, Subhash C. & Hazrat, M.A., 2015. "Prospect of biofuels as an alternative transport fuel in Australia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 43(C), pages 331-351.
    6. Antonelli, Marco & Desideri, Umberto, 2014. "Do feed-in tariffs drive PV cost or viceversa?," Applied Energy, Elsevier, vol. 135(C), pages 721-729.
    7. Antonelli, Marco & Desideri, Umberto, 2014. "The doping effect of Italian feed-in tariffs on the PV market," Energy Policy, Elsevier, vol. 67(C), pages 583-594.
    8. Hong, Taehoon & Lee, Minhyun & Koo, Choongwan & Jeong, Kwangbok & Kim, Jimin, 2017. "Development of a method for estimating the rooftop solar photovoltaic (PV) potential by analyzing the available rooftop area using Hillshade analysis," Applied Energy, Elsevier, vol. 194(C), pages 320-332.
    9. Marcin Bukowski & Janusz Majewski & Agnieszka Sobolewska, 2020. "Macroeconomic Electric Energy Production Efficiency of Photovoltaic Panels in Single-Family Homes in Poland," Energies, MDPI, vol. 14(1), pages 1-21, December.
    10. Mihaela Simionescu & Yuriy Bilan & Emília Krajňáková & Dalia Streimikiene & Stanisław Gędek, 2019. "Renewable Energy in the Electricity Sector and GDP per Capita in the European Union," Energies, MDPI, vol. 12(13), pages 1-15, June.
    11. Ramli, Makbul A.M. & Twaha, Ssennoga, 2015. "Analysis of renewable energy feed-in tariffs in selected regions of the globe: Lessons for Saudi Arabia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 45(C), pages 649-661.
    12. Piotr Bórawski & Aneta Bełdycka-Bórawska & Lisa Holden & Tomasz Rokicki, 2022. "The Role of Renewable Energy Sources in Electricity Production in Poland and the Background of Energy Policy of the European Union at the Beginning of the COVID-19 Crisis," Energies, MDPI, vol. 15(22), pages 1-17, November.
    13. Liu, Wen & Lund, Henrik & Mathiesen, Brian Vad & Zhang, Xiliang, 2011. "Potential of renewable energy systems in China," Applied Energy, Elsevier, vol. 88(2), pages 518-525, February.
    14. Orioli, Aldo & Di Gangi, Alessandra, 2013. "Effects of the Italian financial crisis on the photovoltaic dissemination in a southern city," Energy, Elsevier, vol. 62(C), pages 173-184.
    15. Orioli, Aldo & Di Gangi, Alessandra, 2015. "The recent change in the Italian policies for photovoltaics: Effects on the payback period and levelized cost of electricity of grid-connected photovoltaic systems installed in urban contexts," Energy, Elsevier, vol. 93(P2), pages 1989-2005.
    16. Pérez-Alonso, J. & Pérez-García, M. & Pasamontes-Romera, M. & Callejón-Ferre, A.J., 2012. "Performance analysis and neural modelling of a greenhouse integrated photovoltaic system," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(7), pages 4675-4685.
    17. Martin, Nigel & Rice, John, 2013. "The solar photovoltaic feed-in tariff scheme in New South Wales, Australia," Energy Policy, Elsevier, vol. 61(C), pages 697-706.
    18. Peprah, Forson & Gyamfi, Samuel & Effah-Donyina, Eric & Amo-Boateng, Mark, 2023. "The pathway for electricity prosumption in Ghana," Energy Policy, Elsevier, vol. 177(C).
    19. Mihaela Simionescu & Carmen Beatrice Păuna & Tiberiu Diaconescu, 2020. "Renewable Energy and Economic Performance in the Context of the European Green Deal," Energies, MDPI, vol. 13(23), pages 1-19, December.
    20. Mihaela Simionescu & Wadim Strielkowski & Manuela Tvaronavičienė, 2020. "Renewable Energy in Final Energy Consumption and Income in the EU-28 Countries," Energies, MDPI, vol. 13(9), pages 1-18, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:energy:v:270:y:2023:i:c:s0360544223001986. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.