Solar energy covers 11% of Switzerland’s electricity needs

Solar power covers 11% of the electricity demand in Switzerland. The industry’s turnover for the current year is around CHF3.7 billion ($4.2 billion), reveals the first Swiss Solar Monitor. +Get the most important news from Switzerland in your inbox In ten years, this figure is likely to exceed CHF6 billion, the Swiss Solar Energy Association (Swisssolar) announced on Monday. The Solar Monitor contains forecasts up to the year 2035, based on the expansion targets for new renewable energies in accordance with the Electricity Law passed last June. By 2035, 35 terawatt hours (TWh) per year are to come from such sources. + Electricity law isn’t enough for Switzerland to achieve climate goals Swisssolar assumes an annual solar power yield of over 28TWh by then. Solar power could contribute around 80% of the required Swiss electricity expansion by 2035 under suitable framework conditions, it said. Achieving this target would depend on the structure of the ordinance to the Electricity Law ...