On Tuesday, June 18, the Solar Power Association (BSW) announced that Germany’s solar power installations surged by 35% year-on-year in the first four months of 2024, driven by increased demand in industrial, commercial, and ground-mounted photovoltaic sectors, Reuters reports.
Following Russia’s invasion of Ukraine and the subsequent decline in Russian fossil fuel exports to Germany, the German government has implemented several legislative measures to accelerate expansion. These measures are part of Berlin’s ambitious plan to meet 80% of its energy needs from renewables by 2030 and achieve climate neutrality by 2045.
In the first third of 2024, new solar power capacity grew by over five gigawatts (GW). According to a May survey by YouGov, 56% of businesses and over 60% of real estate owners in Germany expressed interest in investing in solar power systems. This growing interest underscores the country’s push towards renewable energy adoption, particularly in Europe’s largest economy.
BSW projects double-digit percentage growth in solar installations and storage capacity throughout 2024. This growth aligns with the government’s target of adding 19 GW of new annual capacity to reach 215 GW, accounting for 25% of Germany’s domestic electricity consumption by 2030.
In the first four months of this year, newly installed photovoltaic capacity on commercial rooftops increased by 81%, while installations on open spaces rose by 74% compared to last year. However, the residential sector saw a more modest growth of 1% in new installations.
“Following a significant solar boom in Germany’s residential areas, commercial rooftops and underperforming open spaces are now being electrified with solar technology,” said Carsten Körnig, head of BSW, in a statement.
Germany’s rapid expansion in solar power capacity reflects the nation’s strategic shift towards renewable energy. Berlin’s legislative support has driven this growth, encouraging investments across various sectors.
The increased interest among businesses and property owners signifies a broader trend towards sustainable energy solutions. By investing in solar technology, these sectors are contributing to the country’s overall energy transition and helping to reduce its reliance on fossil fuels.
The commercial sector’s remarkable growth in solar installations highlights the sector’s pivotal role in Germany’s renewable energy strategy. The significant rise in commercial rooftop installations demonstrates the potential of utilizing existing infrastructure to generate clean energy. Similarly, the growth in ground-mounted photovoltaic systems indicates an effective use of available open spaces to boost solar capacity.
As Germany continues prioritising renewable energy, solar power’s role becomes increasingly vital. The government’s commitment to reaching its renewable energy targets is evident in the legislative measures and incentives designed to support adoption.
BSW’s optimistic forecast for double-digit growth in solar installations and storage capacity bodes well for Germany’s renewable energy landscape. The anticipated increase in solar capacity will help meet the country’s energy needs and contribute to its long-term climate goals.
With strong legislative support and growing interest from businesses and property owners, Germany is well on its way to achieving its ambitious renewable energy targets and establishing itself as a leader in the global transition to sustainable energy.