Europe’s Solar Power Growth Set to Dip for First Time Since 2016

The European Union’s string of record-setting solar power deployment is on track to come to an end this year as demand wanes for rooftop solar panels due to lower wholesale electricity prices.

Solar power additions are set to contract 1.4% in the EU, the first annual dip since 2016, according to a report from industry group Solar Power Europe. While new additions are still at historically high levels, it shows the impact on growth of saturated solar power markets where prices regularly dip below zero during the sunniest parts of the year.