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Europe Agrivoltaic Market Trends

Report ID: GMI11519
Published Date: Sep 2024
Report Format: PDF

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Europe Agrivoltaic Market Trends

Farmers and agricultural stakeholders are increasingly recognizing the advantages of agrivoltaic systems, such as better land use efficiency, diversified revenue streams, and heightened sustainability. Several European nations have rolled out supportive policies to champion renewable energy and sustainable farming. These measures encompass incentives like subsidies, grants, and favorable tariffs for solar energy, motivating farmers to adopt agrivoltaic systems. A multitude of pilot projects throughout Europe showcases the practicality and advantages of agrivoltaic systems. These endeavors not only produce crucial data and insights but also bolster confidence among farmers and stakeholders.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

Europe agrivoltaic industry size was valued at more than USD 1.5 billion in 2023 and is anticipated to grow at 6.6% CAGR from 2024 to 2032 led by supportive policies and incentives to encourage renewable energy generation

The root crops harvest type segment will grow at over 6% CAGR through 2032 owing to growing suitability for cultivation under solar panels, leading to increased interest in agrivoltaic systems.

France agrivoltaic industry will exceed USD 1.6 billion by 2032 owing to surging demand for solar energy, driven by limited land availability and the dual benefits of providing shade to crops and potentially mitigating extreme weather conditions.

Agrivoltaic Solution, Cero Generation Limited, Enel Spa, iSun, Jinko Solar, Next2Sun, REM TEC, Sun’Agri, and SunPower Corporation.