Europe's Solar Slowdown: A Shift in Green Priorities
The European Union's solar energy growth faces its first slowdown in over a decade, driven by reduced subsidies and reshuffled political priorities. Economic woes and early purchases have dampened demand, threatening climate targets. The decline is marked by a plummet in rooftop solar installations across key EU nations.
In a surprising shift, the European Union's solar energy sector is poised for its first annual slowdown in over ten years. This slump is revealed through recent industry data, pointing to reduced government subsidies as a key factor.
Countries such as Germany and France are cutting back on incentives for rooftop solar panels, reflecting changing political priorities and economic pressures on defense spending and local industries. According to SolarPower Europe, new solar capacity will see a slight drop in 2025.
This development highlights the challenge faced by the EU in meeting its climate goals, as current deployment rates fall short of the 2030 target. With misinformation and legislative changes further dampening demand, experts like Peter Knuth criticize ongoing debates over renewable energy strategies.
(With inputs from agencies.)
Google News