German Market Environment

Renewable energy is still on track to achieve the 2030 performance targets. In 2024, 62% of the electricity generated in Germany came from renewable sources.

Photovoltaic systems generated more than 70 TWh in 2024, with 59.8 TWh fed into the grid – an increase of 18% compared to 2023.

The expansion of photovoltaics is progressing faster than previously expected and the targets for 2025 may also be exceeded. Problems with the power grid are being addressed and the future looks promising.

Central Europe and its countries have different price tariffs, and it is often cheaper to import electricity.

In 2023, Germany imported 15.3 TWh, and in 2024 it was 31.9 TWh. With a price difference of up to 10%, it makes more financial sense to import electricity cheaply than to generate it domestically.

The markets for renewable energies are improving and a self-sufficient electricity supply seems possible in the foreseeable future if the cost calculations can be balanced and improved.

Source: www.mordorintelligence.com