TY - JOUR
T1 - A review of governmental support instruments channeling PV market growth in the Flanders region of Belgium (2006-2013)
AU - Huijben, J.C.C.M.
AU - Podoynitsyna, K.S.
AU - van Rijn, Matthijs L.B.
AU - Verbong, G.P.J.
PY - 2016
Y1 - 2016
N2 - How did a country in the middle of Western Europe, starting almost from scratch, reach the European top 3 in terms of solar PV capacity in five years? And what were the costs? We provide a systematic chronological review of the different governmental support instruments that drove the exponential growth of the solar energy market in the Flanders region of Belgium and calculate their relative contributions. The results of the economic calculations show that green electricity certificates had by far the greatest effect on both the rise and stagnation of the market, costing about 1.5 billion euro only for 2006-2013. The long-term societal costs of such growth proved to be even higher (6.7 billion for 2014-2031) and unevenly distributed, with residents paying the highest price via their energy bills. Companies continuously adapted their organizations to enact the available support instruments. Counter-intuitively, the substantial support shifted the attention of companies to the larger systems, even though the incentive for investment in PV was lower than for the smaller systems.
AB - How did a country in the middle of Western Europe, starting almost from scratch, reach the European top 3 in terms of solar PV capacity in five years? And what were the costs? We provide a systematic chronological review of the different governmental support instruments that drove the exponential growth of the solar energy market in the Flanders region of Belgium and calculate their relative contributions. The results of the economic calculations show that green electricity certificates had by far the greatest effect on both the rise and stagnation of the market, costing about 1.5 billion euro only for 2006-2013. The long-term societal costs of such growth proved to be even higher (6.7 billion for 2014-2031) and unevenly distributed, with residents paying the highest price via their energy bills. Companies continuously adapted their organizations to enact the available support instruments. Counter-intuitively, the substantial support shifted the attention of companies to the larger systems, even though the incentive for investment in PV was lower than for the smaller systems.
KW - PV market growth
KW - Flanders region of Belgium
KW - Governmental support instruments
KW - Green certificates
KW - Societal costs
U2 - 10.1016/j.rser.2016.04.058
DO - 10.1016/j.rser.2016.04.058
M3 - Article
SN - 1364-0321
VL - 62
SP - 1282
EP - 1290
JO - Renewable and Sustainable Energy Reviews
JF - Renewable and Sustainable Energy Reviews
ER -