[the_ad id="121217"]

popular articles

Germany 2024: A spectacular leap towards renewable solar energy

Germany is strengthening its leading position in solar energy, with photovoltaic capacity reaching 92.23 GW by 2024. This development is part of an ambitious strategy to diversify renewable energy sources and meet climate targets.

Please share:

Germany continues to strengthen its position as a leader in the solar energy sector, with a significant increase in photovoltaic capacity by 2024. This development comes as the country strives to achieve ambitious targets for renewable energy production.
Installed solar capacity has crossed significant thresholds, testifying to a strong commitment to the energy transition.
Recent data show that Germany installed around 10.2 GW of new solar photovoltaic capacity between January and August 2024, bringing total capacity to over 92.23 GW.
Monthly installations reveal sustained momentum.
In January, 1.25 GW were added, bringing cumulative capacity to 82.19 GW.
In July, a further 1.4 GW were installed, bringing the total to 92.23 GW.
In August, 1.05 GW were added, bringing the total of new installations to 8.99 GW for the first eight months of the year.
This trend indicates not only continued growth, but also a willingness to diversify renewable energy sources.

Geographical Distribution and Project Types

The geographical distribution of solar installations in Germany in 2024 shows a concentration in certain regions.
Bavaria stands out as the most active region, with 1.7 GW of capacity added in the first half of the year.
Other regions, such as Baden-Württemberg and North Rhine-Westphalia, also made significant contributions, each exceeding 1 GW of installations.
This geographical diversity underlines the commitment of different regions to adopting renewable energy solutions.
In terms of project types, rooftop installations, whether residential or commercial, account for the majority of additions.
In January, for example, around 816.5 MW of new capacity came from this segment.
Large-scale projects, often in the form of power purchase agreements (PPAs) or via tenders, complete this landscape.
This combination of projects of different sizes and types allows for greater flexibility and resilience in the energy system.

Long-term objectives and investments

Germany has set ambitious targets for its long-term solar capacity, aiming for 215 GW by 2030, in line with the National Energy-Climate Plan (NECP).
To reach this target, the country needs to install more than 1,574 MW per month until 2030.
This sustained pace is essential to meet the growing demand for renewable energy and reduce dependence on fossil fuels.
Investment in the solar sector continues to grow, supported by government reforms such as “Solarpaket I”.
These reforms favor both large-scale ground-mounted solar power plants and distributed rooftop projects.
In addition, the promotion of “solar-plus-storage” projects enables more stable grid management, by integrating solar production with energy storage solutions.
This innovative approach contributes to the reliability and efficiency of the energy system.

Key players and solar’s share of the energy mix

Several companies play a crucial role in the development and management of solar projects in Germany.
EnBW (Energie Baden-Württemberg AG) is involved in the construction of some of the largest solar parks, such as the Weesow-Willmersdorf solar park.
RWE Renewables focuses on the development of solar-plus-storage projects, while BayWa r.e. specializes in the development, sale and management of solar projects.
Lightsource bp, in collaboration with BP, is also developing solar projects across the country.
Solar energy is playing an increasingly important role in Germany’s energy mix.
In 2023, it accounted for around 10.6% of total electricity production, and with the addition of new capacity, this share should exceed 12% by 2024.
By comparison, wind power, which remains the main source of renewable electricity, accounted for around 25% of the energy mix.
This development underlines the growing importance of renewable energies in the country’s energy strategy.

Financing and Solar Asset Owners

The development of solar projects in Germany relies on a diversified mix of financing.
Infrastructure funds and institutional investors, such as Allianz Global Investors and Munich Re, play a key role in financing these projects.
In addition, long-term power purchase agreements (PPAs) with major technology and industrial companies, such as Google and Amazon, help secure renewable energy sources for their European operations.
This financing dynamic is essential to support the continued growth of the solar sector.
Companies and investors recognize the importance of renewable energy in the energy transition and are committed to investing in projects that meet this growing demand.
Government initiatives and ongoing reforms are also reinforcing this trend, creating an environment conducive to the expansion of solar capacity in Germany.
Recent developments in the German solar sector illustrate a collective determination to achieve ambitious renewable energy targets.
Growing investment, the diversity of projects and the commitment of key companies all testify to a positive dynamic that could transform the country’s energy landscape in the years to come.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Faced with pressing climate challenges, the Global Energy Scenarios 2024 report highlights three crucial steps to achieve carbon neutrality: strengthening renewable energy, electrifying industrial sectors, and addressing residual emissions.
Solar inverter provider Sungrow has announced the supply of equipment for a major solar power plant in Brazil, with a capacity of 902 MWp, aiming to provide clean energy to a million households by 2025.
Solar inverter provider Sungrow has announced the supply of equipment for a major solar power plant in Brazil, with a capacity of 902 MWp, aiming to provide clean energy to a million households by 2025.
With a solar project integrating thermal storage and photovoltaics, Turfan in Xinjiang surpasses 10 billion kWh of annual production from renewable energy sources, marking a milestone in local energy transition.
With a solar project integrating thermal storage and photovoltaics, Turfan in Xinjiang surpasses 10 billion kWh of annual production from renewable energy sources, marking a milestone in local energy transition.
Hydro-Québec plans to diversify its energy sources by launching two tenders for an additional 300 MW of solar energy. This initiative supports Quebec's 2050 carbon neutrality goal.
Hydro-Québec plans to diversify its energy sources by launching two tenders for an additional 300 MW of solar energy. This initiative supports Quebec's 2050 carbon neutrality goal.
[the_ad id="121209"]
[the_ad id="121211"]
TotalEnergies ENEOS has finalized a 1.8 MWp floating solar system for S. Kijchai Enterprise in Thailand, allowing savings of 1,125 tons of CO2 per year and strengthening their transition to clean energy.
QatarEnergy acquires 50% of TotalEnergies' solar project in Iraq, aiming to diversify the country’s energy sources and reduce import dependency, supporting Baghdad's ambitions for energy independence.
QatarEnergy acquires 50% of TotalEnergies' solar project in Iraq, aiming to diversify the country’s energy sources and reduce import dependency, supporting Baghdad's ambitions for energy independence.
Solarcentury Africa and Sino Energy launch a pioneering solar project in Namibia without long-term purchase agreements, marking a significant advancement for renewable energy in Southern Africa.
Solarcentury Africa and Sino Energy launch a pioneering solar project in Namibia without long-term purchase agreements, marking a significant advancement for renewable energy in Southern Africa.
The Ilute solar project, with a capacity of 25 megawatts, is part of Zambia's strategy to diversify its energy mix and strengthen resilience to climate challenges.
The Ilute solar project, with a capacity of 25 megawatts, is part of Zambia's strategy to diversify its energy mix and strengthen resilience to climate challenges.
[the_ad id="121213"]
[the_ad id="121214"]
BP completes acquisition of remaining shares in Lightsource bp, aiming for expansion in large-scale renewable energy with a 62 GW pipeline across 19 global markets.
AMPYR Solar Europe announces the financial close of its 96 MWp solar project in Noordoostpolder. This solar farm will power 30,000 homes and reduce CO2 emissions by 36,000 tonnes annually.
AMPYR Solar Europe announces the financial close of its 96 MWp solar project in Noordoostpolder. This solar farm will power 30,000 homes and reduce CO2 emissions by 36,000 tonnes annually.
Arctech, the global leader in solar tracking and racking solutions, strengthens its position in the MEA region by supplying 2.3 GW of SkyLine II solar trackers for a major project in Saudi Arabia, in partnership with ACWA Power.
Arctech, the global leader in solar tracking and racking solutions, strengthens its position in the MEA region by supplying 2.3 GW of SkyLine II solar trackers for a major project in Saudi Arabia, in partnership with ACWA Power.
Thanks to the Inflation Reduction Act and a surge in solar installations, U.S. solar production capacity has skyrocketed, but uncertainties around supply chains and costs are slowing sustainable growth.
Thanks to the Inflation Reduction Act and a surge in solar installations, U.S. solar production capacity has skyrocketed, but uncertainties around supply chains and costs are slowing sustainable growth.
Antaisolar and Bahra Electric join forces to establish a plant in Jeddah, aiming for an annual production capacity of 24 GW by 2027, through an innovative joint-venture.
Terra Firma is launching two solar power plants in South Africa, with a total capacity of 110 MWp, on the Hammanskraal and Rietfontein sites in the Gauteng region.
Terra Firma is launching two solar power plants in South Africa, with a total capacity of 110 MWp, on the Hammanskraal and Rietfontein sites in the Gauteng region.
Tunisia has launched a call for tenders for 200 MW of photovoltaic solar capacity, marking a new stage in its energy strategy.
Tunisia has launched a call for tenders for 200 MW of photovoltaic solar capacity, marking a new stage in its energy strategy.
The Gleichen solar project, in partnership with Ermineskin Cree Nation and TIU Canada, aims to generate 13 MW of electricity, with commissioning expected in March 2025.
The Gleichen solar project, in partnership with Ermineskin Cree Nation and TIU Canada, aims to generate 13 MW of electricity, with commissioning expected in March 2025.
[the_ad id="121219"]
Soleos Energy, in partnership with Melci, inaugurates a 200 MW solar project in Haut-Katanga, aiming to provide clean electricity to over one million residents and stimulate local economic growth.
Plenitude begins construction of a 220MW solar plant in Villarino de los Aires, Spain. This major project in the Castilla y León region aims for an annual production of over 400 GWh.
Plenitude begins construction of a 220MW solar plant in Villarino de los Aires, Spain. This major project in the Castilla y León region aims for an annual production of over 400 GWh.
Lightsource bp and Google have commissioned the 188 MW Honeysuckle Solar project in St. Joseph County, Indiana.
Lightsource bp and Google have commissioned the 188 MW Honeysuckle Solar project in St. Joseph County, Indiana.
Sumitomo Corporation establishes a partnership with CEP Solar to launch solar and energy storage projects totaling 1.5 GW in Virginia, thereby supporting the state's energy transition goals.
Sumitomo Corporation establishes a partnership with CEP Solar to launch solar and energy storage projects totaling 1.5 GW in Virginia, thereby supporting the state's energy transition goals.
The Russian Deputy Prime Minister announces that the decision to increase oil production by OPEC+ in December remains uncertain, due to market fluctuations and global demand.
Nexif Ratch Energy has completed the financial phase of its 145MWp Bacolod Solar Project in the Philippines, marking a significant step in the development of renewable energy in the region.
Nexif Ratch Energy has completed the financial phase of its 145MWp Bacolod Solar Project in the Philippines, marking a significant step in the development of renewable energy in the region.
The Kirikmäe Solar Park, with a capacity of 77.53 MW, becomes the largest in the Baltic states. This project, developed by Evecon and Mirova, meets the annual needs of 35,000 Estonian households.
The Kirikmäe Solar Park, with a capacity of 77.53 MW, becomes the largest in the Baltic states. This project, developed by Evecon and Mirova, meets the annual needs of 35,000 Estonian households.
TOYO Co., Ltd plans to establish a 2 gigawatt solar cell manufacturing plant in Ethiopia, leveraging favorable investment policies and the country's hydropower supply.
TOYO Co., Ltd plans to establish a 2 gigawatt solar cell manufacturing plant in Ethiopia, leveraging favorable investment policies and the country's hydropower supply.

Advertising