The Solar Market Briefing Belgium was presented by Joint Forces for Solar during Solar Solutions in Kortrijk and highlighted the latest market dynamics in Belgium. Expert shared market forecast projections and unveil groundbreaking technologies to foster the energy transition.
From a cumulative installed base of 4.5 GWdc in 2018, Belgium’s solar PV capacity reached 6.9 GWdc at the end of 2022. Belgium is estimated to each a cumulative PV capacity of 9.1 GWdc by New Year’s Eve. Among the EU-27 member states, Belgium was ranked 7th regarding cumulative PV capacity and is expected to keep this rank in the coming years.
The country added around 989 MWdc of solar PV capacity in the year 2022, which shows that Belgium is recovering from the 2021 PV crash. During 2021, and mainly due to unfavorable regulatory changes in Flanders (Belgium’s PV hub), the residential PV capacity decreased drastically. Among the EU-27 member states, Belgium was ranked 11th regarding newly installed PV capacity in 2022. The 2023 estimations, however, show even healthier PV pulses compared to 2022.
According to EUPD Research, the outlook shows a constant and steady upward trend for residential and commercial PV segments in Belgium due to the favorable funding schemes and regulatory environment. By the end of August 2023, Flanders alone have installed 712 MWdc and is expected to become the 1 GWdc region of Belgium by the end of the year. By the end of 2023, Belgium is estimated to install 1.2 GW, with the lion‘s share in Flanders (~1 GW) and the rest humbly shared between Wallonia and Brussels.
The country is expected to be an approximately 3 GW PV market in the next 2 years.
Did you miss the Solar Market Briefing in October? No worries. Dive into the Belgian landscape with our EUPD Research expert now!