How can Solarpower support the inverter manufacturing industry in Europe?

The company will focus on manufacturing microinverters in the US, with two existing contract manufacturing partners in South Carolina and Texas. SolarPower Europe suggested five measures to support the inverter manufacturing industry in Europe. Firstly, the right conditions for inverter manufacturers in Europe must be ensured.

How big is Europe's inverter industry?

In its Inverters 2.0: Strengthening Europe’s inverter industry report, SolarPower Europe said Europe’s inverter manufacturing capacity grew from 72GW in 2022 to 82GW in 2023, representing a 14% growth.

How big is Europe's demand for solar PV?

Module manufacturing currently stands at around 14.6 GW, 59% higher than 2022. As it stands, less than 2% of Europe’s current demand for solar could be met with European-produced solar PV. Questions? Get in touch.

How should inverter manufacturers be able to grow in Europe?

Firstly, the right conditions for inverter manufacturers in Europe must be ensured. Measures include reliable and cost-effective supply chains for the critical materials that inverter manufacturers need, particularly electronics-related components such as semiconductors and controllers.

What is the European solar PV Alliance?

The European Solar PV Alliance is a network contributing to building resilience and strategic autonomy for Europe's solar PV value chain.

What is Europe's solar power market outlook for 2023-2027?

SolarPower Europe’s new EU Market Outlook for Solar Power 2023-2027 reveals a record 56 GW of solar installations in Europe in 2023. However, the forecast for next year is lower. Almost 17 million more European homes were powered by solar in 2023, due to a 40% growth in solar installations from 2022.