In 2023, the share of renewable energy sources in Germany's electricity stood at 49.67%. This has been a significant increase from 2013 when it was at 25.28%. Year-on-year, the share increased by 3.42% from 2022 to 2023, and it's forecasted to rise steadily, reaching 61% by 2028.
In the last two years, the share grew from 47.37% in 2022 to 49.67% in 2023, indicating a 4.86% increase in this period. The Compound Annual Growth Rate (CAGR) over the next five years is projected to be 3.26%, resulting in a 17.39% growth rate over this period.
Future Trends to Watch For:
With policies driving the energy transition and advancements in technology, continuous growth in the share of renewable energy is expected. Attention should be given to emerging technologies such as energy storage solutions and the integration of smart grids which will play a crucial role in increasing the efficiency and reliability of renewable energy sources.
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