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Strong global expansion of solar energy: Germany among the top 5

marketscreener.com · last updated

MUNICH (dpa-AFX) — According to industry estimates, the global expansion of solar energy will continue this year. Despite its relatively small size, Germany is still among the international leaders, according to the German Solar Industry Association ahead of the Intersolar trade fair in Munich. Worldwide, the expansion of new solar installations exceeded the 600 gigawatt mark, roughly twice as much as in 2022.

In terms of total installed capacity, Germany ranked fourth last year with a good 100 gigawatts, behind three much larger countries: China, the US, and India. According to estimates by the Federal Association, solar power capacity installed in Germany rose by a substantial 14 percent, or 17.5 gigawatts, last year. The Federal Association plans to publish a detailed assessment this morning./cho/DP/zb

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