Renewables Reach Record Highs In Germany

Reuters reports that Germany’s solar and wind power installations hit a record in 2023 but only photovoltaic energy reached the government’s targets. Germany aims to cover 80% of its electricity needs from renewables by 2030, up from 52% in 2023.

More than a million new solar power systems generating 14 GW of energy were installed in Germany last year, up 85% year-on-year, thanks to a boom in residential solar demand, putting it on track to reach Berlin’s 2030 goal.

Reuters reports that 7 GW were installed in the residential segment, up 135% on the year and around half of total installed capacity. Around 31%, or 4.3 GW, came from solar parks, up 40% compared to 2022.

In the wind sector, awarded tenders also reached a record high last year, at around 6.4 GW, but failed to meet the government’s target of annual onshore installed capacity of 10 GW by 2030, according to Reuters.