The renewable power generation in Germany has shown a steady upward trend from 2013 to 2023. In 2023, the renewable energy output stood at 2.34 Exajoules, reflecting a modest year-on-year increase of 0.77%. Over the last five years, the Compound Annual Growth Rate (CAGR) has been 2.66%, indicating a deceleration in growth compared to earlier years. The data from 2013 to 2023 shows fluctuating growth rates, with notable dips in 2016 and 2021, contrasted with significant growth in 2015, 2017, and 2022.
Future trends to watch for:
- Continued gradual growth in renewable power generation, with a forecasted CAGR of 1.01% from 2024 to 2028.
- Enhanced focus on technological advancements and increased investment in renewable infrastructure.
- Potential policy changes and economic incentives to boost renewable energy production.
- Global environmental agreements and EU directives focusing on sustainable energy.