Munich, January 23, 2019 – Intersolar Europe has started 2019 with a bang: 95 percent of the 63,000 square meter exhibition space has already been booked – and there are still four months to go! The current booking status reflects the development of the photovoltaics (PV) industry. In June 2018, the total worldwide capacity of solar and wind energy installations reached the one terawatt mark (1,000 gigawatts) – a milestone for the new energy world. From May 15–17, 2019, visitors to the Intersolar Europe exhibition in Munich can explore the newest trends and technologies in the solar industry. For the second time, the exhibition will take place alongside three parallel events as part of The smarter E Europe – the innovation hub for empowering new energy solutions.
Renewable energies are contributing more and more to the clean provision of energy. In fact, according to a recent Deloitte study, PV and wind energy have now evolved from established to preferred energy sources. Renewable energies today already play an integral role in the power supply in many countries. There are a lot of reasons why: As storage becomes cheaper and easier to integrate, more and more consumers are producing the energy they use themselves. “Our most recent figures show that in 2018 alone in Germany, approximately two thirds of newly acquired solar energy systems with an output of three to ten kilowatts peak were bought together with storage systems,” said Markus A.W. Hoehner, CEO of the International Battery & Energy Storage Alliance (IBESA).
PV module price reductions
In addition, the sinking prices of solar modules are playing a major role in the PV industry. IHS Markit predicts that European module prices for solar systems alone will sink by 30 percent – as a result, demand is expected to increase by 40 percent in 2019. One reason for this trend is the expiration of the minimum import prices for PV products imported to Europe from China, Taiwan and Malaysia. Another driving force behind this development is the reintroduction of government incentives, which countries including Italy and Spain have adopted this year to try and stimulate the purchasing of private PV installations together with storage systems. There’s a sunny outlook for market development and Intersolar Europe 2019: The exhibitors of Intersolar Europe have recognized this development and have secured a space at the exhibition well ahead of time. 95 percent of exhibition space has already been sold out, four months before the start of the event.
