3FOOD

Capacity (GWp)
Third Industrial Revolution Consulting Group
electricity or roughly 28% of the country’s annual electricity consumption. 234 At a €2.0/Wp
system price, 235 such a Full Project deployment represents a €2.6 billion investment. At a 2013
installation level of about 100 MW, a Full Project deployment would increase Luxembourg’s
solar capacity dramatically. A Phase 1 solar PV component – the first 20% increment of a tenyear
deployment strategy – corresponds to 0.28 GWp of solar PV which would generate 0.27
TWh of electricity annually. In terms of investment potential, a Phase 1 component represents
a €413 million investment and about a 6% contribution to the country’s current annual
electricity consumption.
2.0
2.0
1.5
1.5
1.0
0.5
1.0
0.5
Generation (TWh)
0.0
Luxembourg Amsterdam Munich
-
Project Stage 1 Potential Full Project Potential Generation (TWh)
Figure 6.
Findings from the FREE assessment module for Luxembourg, Amsterdam, and Munich.
The figure depicts the results when solar PV panels are installed at a 25-degree angle.
Actual installation angles depend on building morphology and weather conditions.
234 Creos (2014). Annual Report 2014.
235 EuPD Preismonitor (2013). EuPD Photovoltaik Preismonitor Deutschland. Ergebnisse 1. Quartal. Document can
be accessed at: https://www.solarwirtschaft.de/preisindex. System price used here is the average system price for
rooftop systems of 10-100 kWp. Naturally, an application as envisioned here will deploy many systems of different
sizes but, on the other hand, should be able to a) negotiate favorable pricing due to economies of scale and b)
benefit from technology development as deployment will take time.
273