Key Market Indicators
Germany's solar capacity is on track to hit approximately 108,000 megawatts by 2028, up from around 74,000 megawatts in 2023. This represents an average annual growth rate of 6%. Since 2001, the country’s solar supply has grown at an average rate of 10.3% per year. In terms of solar capacity rankings, the Netherlands, Italy, and Spain follow Germany, occupying the second, third, and fourth spots, respectively. On the consumption front, Germany's solar energy usage is projected to reach about 0.86 exajoules by 2028, up from 0.61 exajoules in 2023. This marks an average annual compound growth rate of 5.2%. Since 2006, German demand for solar energy has increased by an average of 7.8% per year. Spain, Italy, and France rank second, third, and fourth, respectively, in solar energy consumption.
