SFIE2023

A lack of engineering, procurement and construction (EPC) capacity in Spain represents a key challenge for the country’s solar industry as PV plant deployment soars and the government authorises gigawatts of new projects.

The solar industry of the future could see frontier markets become core countries for investment while developers may explore more decentralised projects to overcome land challenges.   

For large, utility-scale European PV projects, the key to growth and success in the coming years may be in partnerships and consistency across both engineering, procurement and construction (EPC) and environmental, social and governance (ESG) frameworks, as legislators and utilities lag behind the industry’s rapid growth.

The considerable expansion of Poland’s solar PV market looks set to continue, with interconnection issues standing as the only impediment to growth, according to panellists speaking at the Solar Finance & Investment Europe 2023 conference.

Solar investors believe that Europe can be a competitive market for PV manufacturing and compete with the US Inflation Reduction Act (IRA), as ESG and energy security concerns will drive money to the continent.