In recent years, Germany has become notable for its excellence in the renewable energy markets. Fueled by government subsidies in the industry, the renewable energy businesses in Germany has been quickly growing. In fact, this industry was growing so quickly that the government called a halt to many of its subsidy programs in the area. However, businesses have been resilient in face of these changes, since growth in these markets has continued. This will explore how the renewable energy markets in Germany are projected to advance in the coming years.
The solar power plant in Alt Daber near Wittstock was constructed on the site of a former Soviet airforce base. The decentral power plant covers an area equivalent to over 162 football pitches and provides up to 19,000 four-person households with solar power. Photo Credit: Belectric
1. Wind Energy Growth Near North Sea
Driven by high winds in the area, the North Sea has become a popular destination for wind turbines. Many of these turbines stand hundreds of feet into the air and tower over the sea below. Placed in an intelligent grid, these wind turbines have become very common at wind farms located in northern Germany. In the coming years, these wind farms will only continue to grow as Germany aims to power its entire nation with renewable technology. This power will be used for everything from factories to individual homes. In the process of implementing this plan, the country will continue to advance its expertise in the renewable energy markets.
2. Demand Driven by Foreign Companies
Since Germany has become a specialized hub of renewable energy technology, companies from around the world have sought its expertise. This is especially true in the Chinese markets, where manufacturers have been increasingly interested in solar technology. Thanks to Germany’s advances in recent years, clean energy costs around the world are projected to fall. This will likely lead to more widespread adoption of solar and wind technologies in Europe and abroad. With the nation’s expertise already in place, it will continue to be a strong player in the renewable energy markets for years to come.