Based on historical data and forecasts, Germany's solar photovoltaic gross electricity production has exhibited significant growth from 2013 to 2023. In 2013, the volume stood at 31.01 thousand gigawatt-hours, rising to 51.72 thousand gigawatt-hours by 2023. Notably, from 2021 to 2023, the year-on-year variations ranged between -0.32% and 2.83%. The five-year Compound Annual Growth Rate (CAGR) leading up to 2023 is 3.54%.
As for the future, forecasts from 2024 to 2028 suggest moderate growth in solar electricity production, with the value expected to reach 56.49 thousand gigawatt-hours by 2028. The projected five-year CAGR is 1.4%, indicating a deceleration in growth compared to previous years.
Future trends to monitor include the potential for technological advancements in solar photovoltaic efficiency, government policy changes encouraging renewable energy, and the overall market adoption of clean energy solutions impacting production rates.