The gross available energy from solar photovoltaic (PV) sources in Germany experienced a significant increase from 31.01 TWh in 2013 to 51.72 TWh in 2023. This marks a notable growth trajectory, with the year-on-year growth rate for 2023 standing at 1.94%. Over the past five years, the average annual growth rate (CAGR) was recorded at 3.54%. Future projections, from 2024 to 2028, suggest a more moderate growth trend, with an anticipated 5-year CAGR of 1.4%, leading to an expected energy output of approximately 56.49 TWh by 2028.
Key trends over the last decade include:
- Rapid growth in the early 2010s, with year-on-year increases reaching as high as 17.55% in 2013.
- A period of stabilization in the mid-to-late 2010s, with year-on-year variations fluctuating around lower growth figures.
- A resurgence in growth in 2020 with a significant 11.52% increase in gross available energy from solar PV.
Future trends to watch for:
- Technological advancements and efficiency improvements in solar PV panels, which could potentially drive higher output even with the same installed capacity.
- Policy shifts and government incentives focusing on renewable energy, potentially influencing growth rates.
- Integration of energy storage solutions to optimize the contribution of solar PV energy to the grid.
