Germany Solar Photovoltaic (PV) Power Market Outlook 2024÷2033 - Trends, Forecasts, Investments, Opportunities, Analysis
/LONDON, March 21, 2024, 10:00 GMT, RENEWABLE MARKET WATCHTM/ This market report offers an incisive and reliable overview of the photovoltaic sector of the country for the next long-term period, 2024 ÷ 2033. Germany's photovoltaic sector has witnessed remarkable growth in the past two decades, positioning the country as the leader in Europe in installed solar photovoltaic capacity.
The German residential solar market is in a phase of rapid expansion, propelled by a number of factors. These include the upward trajectory of household electricity prices, the strong desire for energy independence, the increasing availability of diverse financing options, and the growing popularity of solar battery storage systems.
The current cumulative installed PV capacity in Germany has surged from a mere 0.45 GW in 2003 to an impressive over 82 GW at the end of 2023. The country's commitment to support and enhance solar self-consumption and the number of prosumers is evident in its government plans and legislative changes.
Germany's draft updated national energy and climate plan (NECP) 2021 - 2030, submitted to the European Commission (EC) in December 2023, reflects the country's unwavering commitment to renewable energy. This commitment is a response to the fast-evolving geopolitical context and the energy crisis that have prompted the EU and its Member States to accelerate the energy transition and set more ambitious energy and climate objectives, including diversifying energy supplies. Germany's plan to contribute to the overall EU target of 40% of renewables in national gross final energy consumption is a testament to its dedication.
The draft updated NECP outlines ongoing and planned reinforcements of the grid infrastructure internally and with neighbouring countries, further solidifying Germany's position as a renewable energy leader. Germany's ambitious 215 GW solar target by 2030 is now included in its new NECP, assuming a 119% increase compared to the former NECP. By 2030, the share of renewable energy in gross electricity consumption in Germany should be 80%.
Germany is geographically located in the centre of Europe but is politically, economically and culturally part of Western Europe. The total area is 357,580 km². The population is 83.80 million, of which around 77.6% is urban. This makes Germany the most populous country in Europe, but its surface area only puts it in fifth place. In the north, the country borders Denmark, the North Sea and the Baltic Sea.
The report provides a complete picture of the market situation, dynamics, current issues and future prospects. More than 120 pages of valuable information will be found in this unique, in-depth analysis of Germany's photovoltaic market. You will receive an overview of how the military conflict in Ukraine and the European Union's decision to reduce Russian gas and other energy commodities imports significantly will impact it. With comprehensive market data, this report brings clear and concise insights to help investors in their decision-making process. As 2022 and 2023 were challenging years for the photovoltaic industry, the time for making the right decisions during 2024 and the next few years is limited. A fast-changing market environment requires relevant and accurate information. For your convenience, we offer the opportunity for orders with customised report content. Reasons to buy this market report are, but are not limited to:
• Overview of the German political and economic environment
• Solar resource potential in Germany
• Financial Model and Analysis of 50 MW Photovoltaic (Solar PV) Power Plant investment in Germany (IRR, WACC, Payback, NPV, Cash Flow, etc.)
• Over 55 charts, tables and maps
• Overview of Germany Photovoltaic Market Development 2013 ÷ 2033
• Grid-connected photovoltaic installations
• Future market trends and planned photovoltaic projects for 2024 ÷ 2033
• Market prices of fully permitted and operational photovoltaic projects
• German legal and energy regulatory framework for renewable projects
• Key companies and competitive landscape in the photovoltaic sector
• Review of most relevant financing and supporting incentives
• SWOT Analysis (detailed in 5 pages)
This report is essential reading for you or anyone interested in the German Solar Photovoltaic (PV) Power Market. It includes an overview of investment trends, a competitive landscape, and forecasts of how investment volume in this market will develop over the next ten years. This report provides a comprehensive analysis of existing mechanisms supporting the use of solar energy in this country and highlights the challenges and opportunities associated with their development.
The author of this report, Renewable Market Watch™, has distinguished itself throughout the years by publishing unbiased reports on the development of global renewable energy markets. For your convenience, we offer opportunities for orders with customized report content.
For more information and answers to your questions about the German solar market and related content, you may read here: Germany Solar Photovoltaic (PV) Power Market Outlook 2024÷2033
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