Image: PV Magazine / Emiliano Bellini
By ESS News
Europe reached 18.5 GWh of battery capacity in 2024 and will reach around 50 GWH, said Antonio Redo, a market analyst at Solarpower Europe, during a panel on BBDF 2025 in Frankfurt, Duitsland.
At the end of 2024, the United Kingdom was still the largest battery storage market in Europe with around 8.7 GWH, followed by Italy with 3.8 GWH, Germany with 2.3 GWH, Ireland with 1.6 GWH and France with 0.9 GWH.
Redo also explained that in all these markets project developers and investors can opt for a trader or a contracted strategy, although lenders seem to be more comfortable with the latter.
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