Description

Photovoltaics (PV), has advanced to become the most environmentally-friendly form of power generation as it produces electrical power by converting solar radiation into direct current electricity. Although the PV market in the Central and Eastern Europe is still rather small, it is growing rapidly proving its vast potential to become a considerable part of renewable energy sources market. Market leaders such as Czech Republic (88.9%), Slovakia (8.6%), Slovenia (1.6%) and Bulgaria (0.7%) owe their growth to effective PV support mechanism.