Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Germany Renewable Energy Market Size

The Germany renewable energy market is expected to grow at a CAGR of 4.70% between 2024 and 2032.

 

Germany Renewable Energy Market Outlook

  • Germany's Climate Law outlines a comprehensive framework to achieve net-zero emissions by 2045. To realise the ambitious Energiewende by 2030, Germany aims for 80% of its electricity supply to be sourced from renewable energy (increasing to 100% by 2035), with a complete phase-out of coal.
  • Significant legislative reforms in renewable energy planning and siting are supporting targets of 100-110 GW of onshore wind, 30 GW of offshore wind, and 200 GW of solar capacity by 2030, complemented by investments in 10 GW of hydrogen infrastructure.
  • Additionally, through the Energy Efficiency Act, Germany is actively working to reduce energy consumption by approximately 500 TWh by 2030, representing about one-fifth of its energy consumption in 2022.

 

Germany Renewable Energy Market Report Snapshots

Germany Renewable Energy Market Size

Germany Renewable Energy Market Growth

Germany Renewable Energy Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The renewable energy market in Germany is projected to grow at a CAGR of 4.70% between 2025 and 2034.

The market is categorised according to its type, which includes solar, wind, hydro, biomass, and geothermal.

The key market players are JinkoSolar Holding Co., Ltd., First Solar, Inc., Enel S.p.A., Ørsted A/S, WKN GmbH, Suzlon Energy Ltd., Vestas Wind Systems A/S, ENERCON Global GmbH, EnBW Energie Baden-Württemberg AG, and others.

The market is driven by factors that include a combination of reduced overall electricity consumption and an increase in absolute renewables production, legislative reforms and significant investments, among others.

The market is categorised according to its region, which includes North Rhine-Westphalia, Bavaria, and Baden-Württemberg.

Germany's cabinet has approved a budget allocation of 57.6 billion euros (USD 63.2 billion) for green investments in the coming year, representing a significant increase of 60.2% compared to the target set for 2023. This surge in funding underscores Berlin's commitment to accelerating subsidies and initiatives aimed at achieving net-zero emissions by 2045.

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