Forecast: Renewable Energy Supply in Germany

The renewable energy supply in Germany has shown a consistent increase between 2013 and 2023, standing at 17 in 2023. The year-on-year variations demonstrate both periods of robust growth and slight declines, with notable growth spikes in 2019 and 2020. However, there were minor setbacks in 2016 and 2021. The Compound Annual Growth Rate (CAGR) over the last five years averages at 4.02%, depicting sustained momentum in the sector.

Looking ahead, forecasts indicate continued growth with a moderate CAGR of 2.2% from 2024 to 2028, leading to a forecasted supply of 19.52 in 2028. This reflects an 11.48% growth over the five-year period.

Trends to watch for include advancements in renewable energy technologies, government policies supporting renewable energy expansion, and market shifts due to environmental commitments from both the public and private sectors.