• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 3 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 8 days America should go after China but it should be done in a wise way.
  • 2 days Even Shell Agrees with Climate Change!
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 4 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 3 days World could get rid of Putin and Russia but nobody is bold enough
  • 7 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in

Germany Boasts Record Renewable Capacity Additions in 2023

Germany installed a record-high power capacity from solar and wind in 2023, but only solar additions met government targets, while wind power installations fell short of goals.

Booming residential demand resulted in the installation of over a million new solar power systems with a combined capacity of 14 GW in 2023, an 85% surge year-over-year, according to data from solar power association BSW cited by Reuters.

The new solar capacity is on track to meet the government’s 2030 goals.

Wind power also saw an increase in wind power tenders, which awarded a record-high total power capacity of 6.4 GW last year, data from wind power association BWE showed last week.  

But these were short of the 10 GW annual goal.

Germany needs more regulations and laws to facilitate grid access and wind power installation, BWE president Bärbel Heidebroek said in a statement.

Renewable energy sources accounted for nearly 52% of Germany’s gross electricity consumption this year, making up more than half of the country’s power generation and power consumption for the first time ever, preliminary estimated by industry groups showed last month.

The share of renewables in Germany’s electricity consumption rose by 5 percentage points compared to last year, per the estimates by the Center for Solar Energy and Hydrogen Research, ZSW, and the German Association of Energy and Water Industries, BDEW.  

The share of renewable energy sources of Germany’s gross electricity generation reached almost 53% this year, compared to 44% last year, the associations said.

Economy Minister Robert Habeck, the minister from the Green party who is also responsible for climate action, said at a conference in September that Europe’s biggest economy needs to accelerate the rollout of green energy to meet its climate targets to 2030 and beyond.


By 2030, Germany aims to have renewables account for 80% of its electricity generation, Habeck said.

“We won't get there at the current pace,” the minister added.

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News