Community Research and Development Information Service - CORDIS

Abstract

Solar photovoltaic (PV) electricity is the only renewable energy, which is virtually inexhaustible and could, potentially, cover the total EU energy demand. Various other renewable technologies have, depending on the technology, a long-term potential of up to 20 % of the EU energy demand.
Although the cost of PV electricity is still three to four times higher than conventional electricity, the installed PV capacity in the EU is increasing by 25 to 30 % per year. With a continuation of this trend, PV could produce a large part of the EU electricity demand by 20 to 25 years from now. This trend should therefore be maintained and accelerated. Cost reductions are the major RTD issue and in 10 to 15 years from now, the cost of PV electricity could be reduced to compete with other sources of electrical power.

This brochure gives a brief overview of the state of the art for this young technology, which is maturing through strong RTD efforts, including those of the European Union, and identifies some routes to strengthen its sustainable development in a world market. t.

Additional information

Authors: No author provided, European Commission, DG Research, Brussels (BE)
Bibliographic Reference: EUR 20015 EN (2001), pp. 13. Euro: Free of charge
Availability: Available from the Documentation Service of DG Research Fax: +32-2-2958220
ISBN: ISBN 92-894-1754-4
Record Number: 200214236 / Last updated on: 2002-01-15
Category: PUBLICATION
Original language: en
Available languages: en