Europe Solar EPC Market Size & Share 2025 – 2034

Europe Solar EPC Market Size

The Europe solar EPC market size was valued at USD 90.9 billion in 2024 and is anticipated to grow at a CAGR of 6.4% from 2025 to 2034. Shifting focus to renewable energy procurement targets as part of their sustainability strategies along with enhancement of the service offerings by the EPC providers integrating solar-plus-storage solutions to meet the evolving needs of customers and grid operators will stimulate the industry landscape.

As energy prices keep increasing with concerns over energy security , both private users and companies are resorting to rooftop solar installations to lessen reliance on energy from the grid and deal with volatile energy prices which in turn is driving the product demand. The Europe’s efforts in reducing the greenhouse gas emissions and shifting towards renewable energy sources are increasing the demand for solar energy investment.
 

The adoption of hybrids solar systems, which integrate other renewable energy sources along solar PV, will fuel the Europe solar EPC market growth. The shift from community solar projects where multiple stakeholders pool money together to invest in, and benefit from, a shared solar installation are increasingly gaining prominence in Europe, thus impacting the business landscape.
 

Initiatives including competitive bidding, feed-in tariffs, and strict environmental protection measures have encouraged the development of utility scale and C&I solar photovoltaic projects across Western and Eastern Europe. For instance, CJR Renewables started operating on April 2024 with the engineering and management of system operations for the 48 MWp Barcos Solar Park in Portugal.
 

Europe Solar EPC Market Trends

• The continuously evolving policy frameworks, cutting-edge technological innovations, and growing concerns regarding the environment will enhance market dynamics. The European Union drafted renewables directives to achieve 32 percent of final energy consumption from renewables by the year 2030. This directive creates a regulatory framework that enables the implementation of solar energy projects, thus increasing the market for solar EPC services.
   
• Moreover, the European countries are using competitive auctions to procure solar energy capacity. Ongoing collaborations with EPC companies to ensure project competitiveness and successful project execution will positively strengthen the product demand. For citation, in 2023, Juwi Group sold two solar parks with an expected capacity of 17.5 MW combined. They are further scheduled to go into construction in 2024.
   
• Integration of smart technologies and digitalization in solar power projects coupled with efforts to streamline the permitting process for solar installations to reduce the bureaucratic hurdles and shorten project timelines, will enhance the attractiveness of solar investments. According to the IEA, USD 400 Billion was invested in the power sector, of which USD 121 billion was committed to lower the electricity generation.
   
• Introduction of high efficiency solar panels with enhanced efficiency of 22-24%, smart tracking systems with integration of AI and machine learning and development of high-capacity, long-lasting, and cost-effective energy storage systems is crucial for solar energy's continued growth. Further, development of solar roof tiles that integrate with building structures will drive the market landscape.
   

Europe Solar EPC Market Analysis

• Based on technology, the PV segment is anticipated to reach over USD 174.5 billion by 2034. Significant decrease in the cost of photovoltaic (PV) panels, making solar installations more accessible and affordable for a broader range of customers, which has spurred the adoption of PV systems.
   
• The advancement of financing solutions such as solar leases, power purchase agreements (PPAs), and loan schemes will enhance the uptake of solar energy among residential and commercial clients, thus improving market volume. In addition, the invention of solar panels with higher productivity per unit area will boost the demand for solar EPC services. To cite an instance, Juwi Group, in 2024, sold 267 MW PV portfolio to Foresight and Mirova, in Greece.
   
• CSP segment will cross more than USD 222 billion by 2034 owing to adoption of thermal energy storage systems and ongoing development of hybrid CSP systems. Improvements of innovations in CSP technology will reduce costs and boost efficiency, which will contribute towards market growth. An example is the CSP 3 Bilancia project which is the third 4 MW Fresnel plant in Sicily, Italy and is expected to be completed in 2024. It stores energy for almost 16 hours and has a storage capacity close to 4 MW.
   

Learn more about the key segments shaping this market

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• Based on classification, the ground mounted segment accounted for over 67.1% market share in 2024. Innovations in solar PV technology will augment the efficiency and cost efficiency of the systems, driving the business scenario.
   
• Growing implementation of the tracking systems, to improve the system performance and energy yield along with increasing utilization of recycled and sustainable materials will further support reduce the carbon footprint of mounting systems. Integration of ground-mounted solar systems with energy storage solutions along with supportive government policies and incentives will contribute to the business momentum. For citation, BELECTRIC, in 2024, commissioned a 114 MW solar farm in Mecklenburg-Western Pomerania, Germany.
   
• Rooftop segment is set to grow at a CAGR of over 6% through 2032 on account of advancements in technology, policy incentives, and growing awareness of the need for sustainable energy sources. Increasing number of incentives for rooftop solar installations, including tax credits, rebates, feed-in tariffs, and net metering policies will strengthen the business landscape. For example, RECOM Technologies, introduced the Lion HJT 750 W solar module, with an efficiency of 24.1%, thereby augmenting the product demand.
   

• Germany solar EPC market accounted for USD 10.4 billion, USD 20.2 billion and USD 25 billion in 2022, 2023 and 2024 respectively. Encouraging governmental policies, constant technological development, as well as economic incentives and social acceptance towards renewable energy will propel the market landscape. Increasing focus on EPC processes’ sustainability, such as green materials’ usage is likely to enhance the market.
   
• Spain solar EPC market will grow to a CAGR 4.5% through 2034 on account of growing emphasis on maximizing the use of commercial and residential rooftops for solar installations. Ongoing research activities are expected to improve the growth projections. In addition, EPC providers are increasingly offering integrated solar-plus-storage solutions which will drive the business scenario. To cite an instance, in 2024, the Elevion Group entered the Spanish market with the establishment of the new local entity of BELECTRIC, namely BELECTRIC España.
   
• France is set for sustained growth due to favorable policy settings, technological advancements, and strong engagement from top EPC companies. For example, Voltalia commenced construction of three new solar photovoltaic power plants in France in December 2024 that have a total capacity of 25.1 MW. The other ambitious solar targets, such as reaching 100 GW of solar PV by 2050, will surely change the market landscape.
   

Europe Solar EPC Market Share

• Top 5 players operating in the industry include CJR Renewables, Sterling and Wilson Renewable Energy Limited, CHINT Solar, JUWI and Sunel Group. These are involved in the detailed engineering design of the project, procurement of the necessary materials and equipment, and construction/installation of the entire solar power plant.
   
• They are receptive to executing solar power projects of all magnitudes across the world. They play a critical role disrupting renewable energy development everywhere. The market of Solar EPC providers is changing all the time due to development of technologies, new regulatory frameworks, and change in the market.
   

Europe Solar EPC Market Companies

• CJR Renewables offers turnkey solutions with EPC/BoP/BoS solutions for civil and electrical construction. Recently the company launched an innovative solution, Solar Cube, designed to provide 100% green electrical power to construction sites. Further, the company’s presence is in over 25 countries, spread over four continents. It has completed nearly 800 EPC projects amounting to over 1,400 employees.   
   
• BELECTRIC specialises in the development and construction of ground-mounted solar power plants and battery storage systems. The company has more than 5.2 GW of installed capacity worldwide, 2,790 MW in operation and almost 500 MW in the Netherlands. In 2024, the company completed 1 GW of installed capacity in Germany.
   
• Sterling and Wilson accounted a revenue of USD 64.1 Billion in 2024. It has completed more than 500 projects in the years 2021-2022, with 3,000 in manpower, over 40 offices in more than 40 countries. Recently, the company received an order USD 6.3 Billion for a solar plant in Rajasthan to supply, commission and install 396 MW DC for the project.
   
• JUWI Group is a leading expert in renewable energy solutions with more than 2,000 successful solar projects worldwide. It further operates in utility scale solar plants with a capacity of over 10 MW. Further, in 2025, the 140-megawatt (MW) Spanish Peaks Solar projects started commercial operation, producing approximately 3,73,000 megawatt-hours.  
   

Key players operating in the Europe solar EPC market include:

• AE Solar
• BELECTRIC
• Comal SpA
• CJR Renewables
• CHINT SOLAR (ZHEJIANG)
• Equans
• Elmya EPC
• Fraunhofer CSP
• GOLDBECK SOLAR GmbH
• Iqony Solar Energy Solutions
• INTEC Energy Solutions
• ISG Renewables
• JUWI
• Scatec ASA
• Strom-Forschung.de
• Sterling and Wilson Renewable Energy Limited
• Sunel Group
   

Europe Solar EPC Industry News:

• In January 2025, BELECTRIC entered in an agreement with Novar to build the largest solar photovoltaic plant in Netherlands. Spanning 330 hectares, the 189 MW plant is the largest PV Power Plant in Europe with everything put together. Both the companies have long-standing proficiency in the execution of large-scale hybrid solar endeavors and therefore, utmost efficiency, quality and innovation is guaranteed.
   
• In December 2024, CJR Renewables completed the 70 MW solar EPC Satu Mare project in Romania, Europe. The project included 116,000 PV modules for the client Shikun & Binui Energy. This will further drive the company’s commitment to execute sustainable energy solutions.
   
• In December 2023, Elmya EPC, a subsidiary of the Spanish multinational Elmya, specializing in renewable energy projects, secured a contract to design and build a 27.5MWp solar energy plant in the United Kingdom. The business that specializes in electrical works and Renewable Energy will manage the construction of the Ducklington Farm photovoltaic plant for Innova Renewables in West Oxfordshire County.
   
• In January 2023, the new CSP-ERANET projects, with German participation, started to support research for the improvement of solar thermal power plant technology. Further, the German Aerospace Centre is collaborating with domestic companies to increase the efficiency and durability of the plants while attempting to reduce their cost of operation.
   

This Europe solar EPC market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume and revenue in “MW & USD Billion” from 2021 to 2034, for the following segments:

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Market, By Technology

• PV
• CSP

Market, By Classification

• Rooftop
  • Up to 1 kW
  • 1 to 10 kW
  • 10 to 50 kW
  • 50 to 1 MW
• Ground Mounted
  • 1 to 3 MW
  • 3 to 10 MW
  • 10 to 50 MW
  • > 50 MW

Market, By End Use

• Residential
• Commercial & Industrial
• Utility

The above information has been provided for the following countries:

• Austria
• Norway
• Denmark
• Finland
• France
• Germany
• Italy
• Switzerland
• Spain
• Sweden
• UK
• Netherlands
• Poland
• Belgium
• Ireland
• Baltics
• Portugal