From pv journal Germany

Photovoltaics has change into an actual financial issue, based on the Bundesverband Photovoltaic Austria (PV Austria). The trade affiliation factors to key 2023 information from the home PV market, not too long ago printed by the Federal Ministry for Climate Action.

Austria added about 134,000 new PV methods with a complete output of two.6 GW final 12 months. This signifies that the variety of new installations nearly tripled, as did the earnings of the planning and development sector, which elevated to €4.3 billion ($4.6 billion), and the added worth, which amounted to €2.1 billion. PV Austria reported a doubling of employment numbers to round 13,000 full-time positions.

In whole, about 390,000 PV methods with 6.4 GW shall be put in in Austria by the tip of 2023. The solar energy generated covers 12% of the present electrical energy demand. The affiliation, nonetheless, is extra cautious in its predictions for enlargement this 12 months. “A brand new impetus for additional sustainable enlargement of PV is subsequently urgently wanted,” says PV Austria. The market has normalized and is now anticipated to stay at a “long-term steady degree.”

“The normal financial state of affairs is kind of tense now,” explains PV Austria’s managing director Vera Immitzer. “This can also be seen within the greentech sector, however we stay assured.”

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The authorities goals for a 41 GW goal by 2040. Standardized and simplified approval procedures, speedy enlargement of the grid and passage of the Electricity Industry Act (ElWG) will guarantee a quicker enlargement of photovoltaics, added PV Austria.

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