Market Overview

The Germany renewable energy market size reached USD 43.1 Billion in 2024 and is projected to reach USD 104.8 Billion by 2033. The market is expected to grow at a CAGR of 10.37% during the forecast period of 2025-2033. Germany's electricity generation from renewable sources is anticipated to reach 288.91 billion kWh in 2025, supported by rising deployment of solar and wind infrastructure, favorable policies, technological advancements, public awareness, and grid modernization. These factors are driving significant growth across all renewable energy market segments in Germany.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Germany Renewable Energy Market Key Takeaways

• The Germany renewable energy market size was USD 43.1 Billion in 2024.
• The market is expected to grow at a CAGR of 10.37% during 2025-2033.
• The market is forecasted to reach USD 104.8 Billion by 2033.
• Germany accounted for a 4.2% share of the global renewable energy market in 2023.
• Around 1.7 million solar power plants with approximately 45 GWp capacity have been installed in Germany over 25 years.
• By 2030, Germany aims for up to 110 GW capacity in onshore wind energy and over 30 GW offshore.
• Renewables contributed about 60% to Germany's electricity generation by 2024, with significant growth in solar and wind power capacities.

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Market Growth Factors

The secret of the German success story in renewable energy technologies is solar power. The International Trade Administration report 2023 states Germany commissioned about 1.7 million solar power plants with a total power of approximately 45 GWp over the last 25 years. Utility-scale solar power adds to the energy supply mix in addition to decreasing demand for energy from non-renewable sources such as coal and natural gas. Community solar energy farms and PV systems on the roofs of buildings help toward democratizing electricity generation. Further, photovoltaic efficiency, energy storage, and smart grids develop. These improve solar energy's cost efficiency, and these generate capacity.

Nationwide, onshore and offshore wind capacity is being rapidly extended. Germany targets installing up to 110 GW of onshore wind capacity and installing over 30 GW of offshore wind capacity by 2030. Besides reducing fossil fuel-based energy to support global energy sustainability, this technology expands wind energy and creates a major requirement in infrastructure to support the wind energy system like transmission lines, transformers, and grid control systems to support the electricity grid's flexibility and reliability. Wind energy development is key to Germany's climate change mitigation strategy.

Energiewende allows Germany to transition to renewable energy and decarbonize its economy. This transition and decarbonization mainly drive Germany's renewable electricity sector. Renewables generated 60% of the electricity in 2024. In 2024, Germany saw 16.2 GW of solar PV along with 3.2 GW of wind power. The government's 2030 wind power expansion goals of 115 GW of onshore and 30 GW of offshore indicate this about wind power. Higher shares of renewable energy, energy storage and flexible power grids will further ensure reliable renewably sourced power supply and will support the German climate change targets and the country's energy independence.

Market Segmentation

Type Insights:

• Hydro Power: Included in market analysis as one of the renewable energy sources contributing to Germany's energy mix.
• Wind Power: Covers onshore and offshore wind capacities, with targets of 110 GW onshore and over 30 GW offshore by 2030.
• Solar Power: Rapidly expanding with about 1.7 million plants and 45 GWp capacity installed, enabling diverse participation through community and rooftop projects.
• Bioenergy: Accounted as part of the renewable energy types analyzed in the market.
• Others: Additional renewable energy sources included in the market scope.

End User Insights:

• Industrial: Major consuming sector of renewable energy.
• Residential: Includes rooftop solar and community solar participation.
• Commercial: Constitutes another key segment for renewable energy consumption.

Regional Insights:

• Western Germany
• Southern Germany
• Eastern Germany
• Northern Germany

Regional Insights

Western Germany emerges as a dominant region in the renewable energy market with extensive infrastructure development and adoption. The market includes comprehensive analyses across Western, Southern, Eastern, and Northern Germany, reflecting robust regional participation. The diverse regional markets assess the contributions and growth potentials that align with Germany’s national renewable energy targets.

Recent Developments & News

• July 2025: Skyborn Renewables and Siemens Gamesa signed a turbine supply deal for the 927 MW Gennaker offshore wind farm in the Baltic Sea, deploying 103 SG 14-236 DD turbines, making it Germany's largest offshore wind farm and expected to power nearly one million homes.
• May 25, 2023: RWE announced acquiring a 49% stake in Nordseecluster, a 1.6 GW offshore wind farm cluster, from Northland Power for approximately Euro 37.5 million.
• May 25, 2023: Mercedes-Benz revealed plans to develop a 120 MW wind farm at its Papenburg test track in northern Germany.

Key Players

• Skyborn Renewables
• Siemens Gamesa
• RWE
• Nordseecluster
• Northland Power
• Mercedes-Benz

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