Germany sees 35% increase in solar installations in 2024.

By Oliver Townsend Jun 18, 2024
Germany's solar installations up 35% in early 2024.jpegOrginal image from: https://energy.economictimes.indiatimes.com/news/renewable/germanys-solar-installations-up-35-in-early-2024/111078243

Germany’s solar power installations have experienced a significant increase of 35% in the early months of 2024. This surge in solar power capacity growth has been driven by a rise in demand for industrial, commercial, and ground-mounted photovoltaics. The solar power association in Germany, BSW, highlighted this remarkable growth, attributing it to various factors including legislative changes following Russia’s fossil fuel export decline.

Factors Driving Solar Power Growth in Germany

The increase in solar installations in Germany can be linked to the country’s commitment to renewable energy sources and climate neutrality. With Berlin aiming to cover 80% of its energy needs from renewables by 2030 and achieve climate neutrality by 2045, the push for solar power expansion has intensified. The recent legislation changes have further accelerated the adoption of solar power systems across different sectors.

Business and Real Estate Interest in Solar Power

A survey conducted by YouGov revealed that over 56% of businesses and more than 60% of real estate owners in Germany are interested in investing in solar power systems. This strong interest from key sectors indicates a growing awareness of the benefits of solar energy and its potential to meet sustainability goals. The enthusiasm from businesses and real estate owners is expected to drive further growth in solar installations.

Projected Growth in Solar Installations

BSW anticipates a double-digit percentage increase in solar installations and storage capacity in 2024, aligning with the government’s targets for new capacity additions. By aiming to reach 19 GW of new annual capacity and achieve 25% of domestic electricity consumption from solar power by 2030, Germany is poised to continue its upward trajectory in solar energy adoption.

Segment-wise Growth in Solar Installations

Within the first four months of 2024, the commercial rooftop solar capacity saw an 81% increase, while open space installations grew by 74% compared to the previous year. Residential sector installations also experienced a modest increase of 1%. This shift towards electrifying commercial spaces and underutilized areas with solar technology signifies a diversification of solar installations beyond residential areas.

BSW’s Outlook on Solar Power Expansion

BSW’s head, Carsten Kornig, highlighted the transition from a residential solar boom to a focus on commercial rooftops and open spaces for solar electrification. This strategic shift in solar installation targets reflects the evolving landscape of solar energy adoption in Germany. With a strong foundation in residential installations, the emphasis is now on expanding solar power to new sectors and locations.

Conclusion

The significant growth in Germany’s solar installations in 2024 underscores the country’s commitment to renewable energy and sustainability goals. With a clear roadmap towards increasing solar capacity and reducing reliance on fossil fuels, Germany is paving the way for a greener future powered by solar energy. The strong interest from businesses, real estate owners, and government bodies signals a promising outlook for further solar power expansion in the coming years.

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