In 2023, Germany's solar photovoltaic production stood at approximately 4.46 million tonnes of oil equivalent. The forecast from 2024 to 2028 indicates a consistent annual growth. Year-on-year variations show modest increments: 1.76% between 2024 and 2025, 1.73% from 2025 to 2026, 1.91% from 2026 to 2027, and 1.67% between 2027 and 2028. The compound annual growth rate (CAGR) over these five years is approximately 1.80%.
Future trends to watch for:
- The integration of solar with other renewable technologies like wind and storage solutions.
- Emerging solar technologies and increased efficiency rates.
- Regulatory changes and strategic governmental support.
- Potential impacts of geopolitical events on supply chains.