Demand Explodes for Solar Installations in Germany
Germany’s Federal Statistical Office reports impressive rises in the number of businesses and households getting electricity from solar installation. The number of solar power stations installed in March 2022 was up 10.1 percent, and the installed capacity 9.7 percent, year on year. 2.2 million photovoltaic power stations are now installed in Germany.
And solar users are not only generating their own electricity. They’re also increasingly feeding it back into the grid – the Office recorded a whopping 34.7 annual percent rise in the first quarter of 2022.
Solar businesses in Germany are now profiting again after the dramatic dip in the middle of the previous decade, as the long-term trend toward harnessing the power of the sun continues. Solar power stations have increased by 34 percent since, and installed capacity 38.3 percent, reaching 58.44 gigawatts.
The Center for Solar Energy and Hydrogen Research calculates that EUR 4.57 billion was invested in the photovoltaic sector in 2021. But that’s a far cry from solar’s heyday back in 2010, when annual investment reached nearly EUR 20 billion.
With German businesses and households increasingly interested in generating their own power amidst energy price rise and uncertainty and the German government launching an unprecedented push to transition the country to renewable energy sources, further rapid growth in the market is almost pre-programmed. Demand is already huge and growing, and according to PV Magazin, that’s led to shortages and bottlenecks. So new market entrants are more than welcome.
“Without any governmental incentives, there has been a huge change in the mindset of ordinary Germans who want to have solar installations of their own,” says Tobias Rothacher, Deputy Director of Energy, Construction and Environmental Technologies at Germany Trade & Invest. “The market is as hot as it was a decade ago. It’s basically sold-out. We’re talking to a lot of foreign companies, particular makers of solar cells, very few of which are produced in Europe, about coming here. So it’s the perfect time to expand a solar energy business to Europe’s largest economy.”