Germany Solar Photovoltaic (PV) Power Market Outlook 2024÷2033 - Single User

This market report offers an incisive and reliable overview of the photovoltaic sector of the country for the next long-term period, 2024 ÷ 2033. The 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.

Germany is the leader in Europe in installed solar photovoltaic capacity. The German residential solar market is currently in a state of rapid growth. This growth is being driven by a number of factors, including rising electricity prices, the desire for energy independence, the increasing availability of financing options, and the growing popularity of solar battery storage systems. The current cumulative installed PV capacity in Germany grew up from 0.45 GW in 2003 to over 82 GW at the end of 2023.  The country is among the best performers in Europe in the share of installed small-scale solar generation capacity (<1 MW). Current government plans and legislative changes show firm intentions to continue the existing support and increase solar self-consumption and the number of prosumers.

The report provides a complete picture of the market situation, dynamics, current issues and future prospects. You will find more than 120 pages of valuable information in this unique, in-depth analysis of Germany photovoltaic market will receive an overview of how the military conflict in Ukraine and the European Union's decision to make a significant reduction of Russian gas and other energy commodities import 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 customized report content. Reasons to buy this market report are, but are not limited to:

• Overview of the Germany political and economic environment
• Solar resource potential the 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 the 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)

On the next pages, you will see the full table of contents of this report. To order this report, click on the button "ADD TO CART". If you have any other questions, please do not hesitate to call us on ++44 203 807 0079 or write an e-mail to orders@renewablemarketwatch.com

TABLE OF CONTENTS 3
FOREWORD 8
1 METHODOLOGY AND LIMITATIONS 10
1.1 Research Methodology 10
1.2 Limitations 12
2 EXECUTIVE SUMMARY 13
2.1 Historical and Current Development Overview of Photovoltaic (Solar PV) Power Market in Germany 13
2.2 Germany Solar Resource Potential 13
2.3 Key Stakeholders Affecting Photovoltaic (Solar PV) Power Market Development in Germany 14
2.4 Market Drivers and Constraints 15
2.5 EEG Feed-in Tariff, Auctions and Net Metering Support Scheme for Photovoltaic (Solar PV) Power Plants in Germany 15
2.6 Recent and Pending Changes in Renewable Energy Law in Germany 15
2.7 Market Forecast Summary 16
3 GERMANY POLITICAL AND ECONOMIC ENVIRONMENT. PEST ANALYSIS 17
3.1 Basic Country Data 17
3.2 Political Climate and Ruling Party 21
3.3 GDP and Economic Growth 21
3.4 Taxes 25
3.4.1 VAT 25
3.4.2 Income and Corporate Taxes 25
4 WESTERN EUROPE POWER MARKET 26
4.1 General Electricity Market Information 26
4.2 Photovoltaics (Solar PV) in Energy Sector 32
4.3 Single Electricity Market 36
5 WESTERN EUROPE PHOTOVOLTAIC (SOLAR PV) POWER MARKET 39
5.1 Market Overview 39
5.2 Cumulative Installed Photovoltaic (Solar PV) Capacity and Revenue 40
5.3 Annual Installed Photovoltaic (Solar PV) Capacity 41
5.4 Future Development Trends 42
6 GERMANY POWER MARKET 43
6.1 Electricity Transmission and Distribution 43
6.2 Electricity Consumption and Generation 45
6.3 Electricity Imports and Exports 46
6.4 Electricity Prices for Businesses and Households 48
6.5 Renewable Energy Sources (RES) Targets 49
7 GERMANY PHOTOVOLTAIC (SOLAR PV) POWER MARKET 51
7.1 Why Invest in Photovoltaic (Solar PV) Power in Germany? 51
7.2 Germany Solar Resource Potential 53
7.3 Licensing Period Duration 54
7.4 Regional Substation Capacities for Solar PV Power Projects in Germany 54
7.5 Overview of Photovoltaic (Solar PV) Power Market in Germany 54
7.6 Market Structure Analysis 56
7.7 Investment Trends and Development Roadmap 56
7.8 Competitive Environment in Photovoltaic (Solar PV) Power Market 56
7.9 Profiles of Key Players and Investors in Photovoltaic (Solar PV) Power Market 58
7.10 Cumulative Installed Photovoltaic (Solar PV) Capacity and Revenue 59
7.11 Annual Installed Photovoltaic (Solar PV) Capacity 61
7.12 Market Prices for Photovoltaic (Solar PV) Power Projects in Germany in Development, Ready to Build and Operational (Grid Connected) Condition 61
7.13 Key Cost Structure Elements of Photovoltaic (Solar PV) Power Plant in Germany 62
7.14 Levelized Cost of Energy (LCOE) for Photovoltaic (Solar PV) Power in Germany 62
7.15 Key Photovoltaic (Solar PV) Power Projects in Germany Under Development 63
7.16 Mergers and Acquisitions 67
8 DRIVERS AND CONSTRAINTS OF THE PHOTOVOLTAIC (SOLAR PV) MARKET IN GERMANY. SWOT ANALYSIS 69
8.1 Market Drivers 69
8.2 Market Drivers Explained 69
8.3 Market Constraints 69
8.4 Market Constraints Explained 69
8.5 SWOT Analysis 70
9 FINANCIAL ANALYSIS OF THE PHOTOVOLTAIC (SOLAR PV) MARKET IN GERMANY 73
9.1 Financing Options of Photovoltaic (Solar PV) Power Projects in Germany 73
9.2 Financial Model and Analysis of 50 MW Photovoltaic (Solar PV) Power Plant Investment in Germany (IRR, WACC, Payback, NPV, Cash Flow, ETC.) 78
10 TECHNOLOGY ANALYSIS 82
10.1 Photovoltaic (Solar PV) Technology Overview 82
10.2 Technology Trends 83
11 EUROPEAN RENEWABLE ENERGY POLICY LANDSCAPE 87
11.1 RES Regulations and EU Directives 87
11.1.1 Precedent EU Regulations 87
11.1.2 Most recent EU Renewable Energy Policy Developments 87
12 GERMANY RENEWABLE ENERGY SOURCES (RES) LEGAL AND REGULATORY FRAMEWORK 89
12.1 Main Laws and Regulations 89
12.2 Support Schemes 90
12.3 Green Certificates Trading 91
12.4 Recent and Pending Changes in Renewable Energy Law in Germany 92
12.5 Zoning, Planning and Construction-Related Authorizations 92
12.5.1 Zoning Plans Procedure 93
12.5.2 Building Permit (Construction License) Procedure 93
12.6 Environmental-Related Authorizations 94
12.6.1 Natura 2000 Network 94
12.6.2 Clean Development Mechanism (CDM) and Joint Implementation (JI) 95
12.7 Energy Law Authorizations 96
12.7.1 Power Generation Licensing 96
12.7.2 Grid Interconnection 98
12.7.3 Power Off-Take 98
12.7.4 EEG Feed-in Tariff, Auctions and Net Metering Support Scheme 98
12.7.5 Green Certificates (Guarantees of Origin) 100
12.8 Future Market Pricing Mechanisms 100
13 KEY STAKEHOLDERS AFFECTING PHOTOVOLTAIC (SOLAR PV) POWER MARKET DEVELOPMENT IN GERMANY 101
13.1 Government Stakeholders 101
13.2 Non-Government Stakeholders 105
13.3 Electricity Generation, Transmission System Operator (TSO) and Distribution System Operators (DSO’s) 105
14 CONCLUSIONS AND RECOMMENDATIONS 111
15 LIST OF ABBREVIATIONS 114
16 REFERENCES 116
17 DISCLAIMER 118
APPENDIX I. SOLAR RESOURCE MAPS OF EUROPE AND GERMANY 119

Map 1: Where is Germany on the European Map 17
Map 2: Germany Road Network 18
Map 3: Germany Administrative Regions Map 20
Map 4: Germany Electricity Grids Network 44
Map 5: Solar Resource Map of Germany 52
Map 6: Solar Irradiation and Solar Electricity Potential for Optimally Inclined Photovoltaic Modules in Germany 53
MAP 7: Germany Natura 2000 Areas Map 95
MAP 8: Solar Irradiation and Solar Electricity Potential for Horizontally Mounted Photovoltaic Modules in Germany 119
Map 9: Solar Irradiation and Solar Electricity Potential for Horizontally Mounted Photovoltaic Modules in Germany 119
Map 10: Solar Irradiation and Solar Electricity Potential for Optimally Inclined Photovoltaic Modules in Europe 120

Chart 1: Germany Real GDP Growth for the Period 2013 ÷ 2033 (including forecast) 23
Chart 2: Germany GDP Growth Compared to EU-27 for the Period 2013 ÷ 2033 (including forecast) 24
Chart 3: Corporate Tax Income in Selected Western European Countries 25
Chart 4: Physical Energy Flows Values in GW in Western Europe in 2023 27
Chart 5: Share of Renewables in Electricity Generation in Western European Countries, 2023 (in %), 29
Chart 6: Average Base Load Electricity Price in Selected European Countries (EUR/MWh): 2010 – 2023; Renewable Market WatchTM 30
Chart 7: Forecast for RES Generation Capacity by Source Type in the EU to 2023 and 2033 (in GW) 31
Chart 8: Net Power Generation Added Capacities in the EU-27 in 2023 (MW) 32
Chart 9: Age of Power Plants in Europe in 2023 33
Chart 10: Share of New Power Generation Capacities Added in the EU-27 in 2023 (MW)…………34
Chart 11: Installed Power Generating Capacity per Year (MW) and Renewable Share in the EU-27 (in %) 2013 – 2023 35
Chart 12: New Installed and Decommissioned Power Generation Capacity in the EU-27 for 2023 (GW) 35
Chart 13: Cumulative Installed Capacity of Photovoltaic (Solar PV) Power Plants (in MW) in Western Europe 2013 ÷ 2033, including forecast 40
Chart 14: Cumulative Revenue of Photovoltaic (Solar PV) Power Plants (in Millions USD/EUR) in Western Europe 2013 ÷ 2033, including forecast 41
Chart 15: Annual Installed Capacity of Photovoltaic (Solar PV) Power Plants (in MW) in Western Europe 2013 ÷ 2033, including forecast 41
Chart 16: Germany Power Market Structure 43
Chart 17: Share of RES electricity from Total Installed Power Capacity in Germany in 2023 45
Chart 18: Germany Total Annual Electricity Consumption (in TWh) 2013 ÷ 2023 46
Chart 19: Germany Power Generation Capacity Breakdown by Source (Fuel) Type in 2023 46
Chart 20: Electricity Imports and Exports in Germany 2013 ÷ 2033 (in TWh) including forecast 47
Chart 21: Germany Targets for Renewable Energy Sources by 2030 (in %) set by National Renewable Energy Action Plan (NREAP) 50
Chart 22: Cumulative Installed Capacity of Photovoltaic (Solar PV) Power Plants in Germany (in MW) 2013 ÷ 2033, including forecast 60
Chart 23: Cumulative Revenue of Photovoltaic (Solar PV) Power Plants in Germany (in Millions USD/EUR) 2013 ÷ 2033, including forecast 60
Chart 24: Annual Installed Capacity of Photovoltaic (Solar PV) Power Plants in Germany (in MW) 2013 ÷ 2033, including forecast 61
Chart 25: Levelized Cost of Energy (LCOE) for Photovoltaic (Solar PV) Power in Germany 63
Chart 27: Cumulative Cash Flows and Break-Even Point of 50 MW Photovoltaic (Solar PV) Power Plant Investment in Germany 81
Chart 28: Photovoltaic (Solar PV) System Price Evolution (€/Wp) 2013 ÷ 2023 84
Chart 29: Organizational Structure of the Bundesnetzagentur 102
Chart 30: Market Shares by Sales of the Distribution System Operators in Germany in 2023 105
Chart 31: Corporate Governance Structure of TenneT 107

Table 1: Electricity Prices for Businesses and Households 48
Table 2: Support Schemes for RES Generation in the EU Countries and Germany 51
Table 3: Market Prices for Photovoltaic (Solar PV) Projects in Germany for 2024 ÷ 2033 (2024 Update) in Development, Ready to Build and Operational (Grid Connected) Condition 62
Table 4: Key Cost Structure Elements of Photovoltaic (Solar PV) Power Plant in Germany in 2024 62
Table 5: Database with Major Operational, Under Construction and Planned Photovoltaic (Solar PV) Projects in Germany 65
Table 6: Key Financial Parameters of 50 MW Photovoltaic (Solar PV) Power Plant Investment in Germany 79
Table 7: Key Financial Viability Indicators of 50 MW Photovoltaic (Solar PV) Power Plant Investment in Germany (IRR, NPV, Payback, Benefit-Cost) 79
Table 8: Project Costs and Savings (Income) Summary of 50 MW Photovoltaic (Solar PV) Power Plant Investment in Germany 80
Table 9: Yearly Cash Flows of 50 MW Photovoltaic (Solar PV) Power Plant Investment in Germany (Pre-tax, After-tax, Cumulative) 81
Table 10: Crystalline Module Price Trend in 2024 85
Table 11: EEG Feed-in Tariff, Auctions and Net Metering Support Scheme for Solar Photovoltaic (PV) Energy in Germany 100