Eco Stor is planning many large storage facilities in Germany
Image: Eco Stor
By ESS news
Germany’s renewable energy industry is in full swing, delivering new generation capacity to the electricity grid at unprecedented levels. With an installed capacity of 90 GW by mid-2024, of which 7.5 GW newly installed in the first six months of 2024, the solar energy market is likely to cross the 100 GW mark sometime in 2025. Despite that pace, Germany’s solar target of 215 GW of capacity by 2030 will require an even faster run rate than the current 15 GW per year.
But at the same time, solar developers are facing increasingly unfavorable economic conditions, which could lead to less enthusiasm to maintain this pace. Generally lower outlook for energy prices, relatively low guaranteed prices from (oversubscribed) FIT [feed-in tariff]/EEC [German renewable energy law]Auctions and the increasing prevalence of negative energy prices during the day are seen as the main culprits.
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