Global Market Outlook Preview Michael Schmela Executive Advisor, SolarPower Europe 1
European Solar Market 2018: Strong Growth Annual installations 2018 in EU-28 / Europe 11,0 9,2 8,0 7,0 5,9 5,9 +20% +36% +32% +0% EU 28 Total Europe 2016 2017 2018 Source: SolarPower Europe 2
EU-28 Market 2018 in GMO Context: On Schedule EU-28 Installed Solar 2018 & Global Market Outlook Estimates until 2020 27,3 24,5 16,8 13,5 12,7 8,0 7,9 7,4 5,5 2018 2019 2020 Actual installations Low Scenario High Scenario Medium Scenario Source: SolarPower Europe 3
Global Solar Market 2008–2018: Another Growth Year Global Solar Market Development 2009-2018 120 100 80 GW 60 40 20 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Europe United States China Japan India RoW Source: SolarPower Europe 4
Global Solar Market 2008–2018: Another Growth Year EVOLUTION OF GLOBAL TOTAL SOLAR PV INSTALLED CAPACITY 2000 - 2018 600 500 400 GW 300 200 100 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 EUROPE AMER CHINA APAC MEA RoW 5
Solar Cost Leader & Cost Reduction Continues Historical Utility-scale Unsubsidised LCOE Comparison 350 300 250 200 $ / MWh 150 100 50 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Solar Wind CCGT Coal Nuclear Source: Lazard Capital 2018 6
% Strong Solar Drivers in EU: 2020 RE Targets 10 20 30 40 50 60 0 Sweden Finland Latvia Denmark Austria Estonia Portugal Croatia Lithuania achieved their 2020 RES target Romania Slovenia 2017 Bulgaria Italy EU Member States have not 2020 target Spain Greece France Germany Czechia 17/28 Hungary Slovakia Poland Ireland United Kingdom Cyprus Belgium Source: Eurostat Malta Netherlands Luxembourg 7
EU Clean Energy Package – Backing Corporate Sourcing corporates take renewables increasingly serious Global Corporate PPAs by region (GW) 13,4 • Removal of all administrative barriers to the development of corporate PPAs 6,2 4,6 4,2 • Clarification on issuing GOs 2,2 1,0 0,3 0,3 0,3 0,1 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 AMER EMEA APAC Source: BNEF 8
Join GMO Launch at Intersolar GMO Launch: Tuesday, May 14, 11:30 Intersolar Europe Conference, Room 14A Global Market Outlook For Solar Power / 2019 - 2023 Supported by: 9
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