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The Europe renewable energy market is being boosted by the rising awareness among the people about the alarming environmental problems caused by traditional energy sources. The demand for renewable energy is thriving across all regions owing to the deteriorating environmental conditions. The regional market is dominated by hydropower and onshore wind energy.
In August 2020, the Association of Issuing Bodies (AIB) released the statistics which highlighted the usage of renewable energy in Europe, which showed a considerable increase from 2017 to 2018. The increased usage is being supported by the readily available fuel sources, especially those of wind and hydro energy. Within Europe, Germany is the country with the highest capacity installation, followed by France and Spain. In 2018, renewable energy contributed nearly 35% of the total electricity generated in Germany. The region is also exploring solar opportunities and is likely to increase its solar capacity in the coming years.
JinkoSolar (NYSE: JKS) is among the largest and the most innovative producers of solar modules globally. In 2020, the company signed an agreement with COSCO Shipping Lines (Greece) S.A. to set up its distribution hub in Europe, catering to Greece, the Balkans, and the EMEA regions. JinkoSolar distributes its solar products and markets its technologies and services to diverse global retail, commercial, and residential consumer base in various countries including China, the United States, the United Kingdom, Japan, Germany, Chile, India, Mexico, Brazil, South Africa, the United Arab Emirates, Italy, Spain, France, and Belgium, among others.
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The major key players in the Europe renewable energy market include Juwi AG, WKN GmbH, Neoen, Rebo, and ABO Wind, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.
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