The forecasted data indicate a steady increase in solar photovoltaic production in Germany from 2024 to 2028. In 2023, the production stood at 186.25 thousand terajoules. The year-on-year variations from 2024 to 2028 show an increase of 2.3%, 1.8%, 1.8%, 1.7%, and 1.7%, respectively. Over the last two years, the production grew by approximately 3.7%, and the Compound Annual Growth Rate (CAGR) over the last five years is 1.8%.
Future trends to watch for include advancements in solar technologies that could improve efficiency and drive costs down, government policies that may enhance subsidies or provide additional incentives, and potential supply chain constraints that could impact production capacity.
