Solar industry is experiencing a renaissance

That’s the reason

The solar industry is currently experiencing an unexpected boom. The market is currently growing at a double-digit rate and demand is also rising continuously. This literally brightens the mood in the industry. The German Solar Industry Association is also pleased about this, and at the start of the Intersolar trade fair in Munich, it cited the reasons for the boom.

With solar industry to the energy revolution?

The main reason is therefore the probably missed climate target of the Federal Government. Originally, CO2 emissions were supposed to be reduced by 40 percent between 1990 and 2020. But the process is slow, the target is further away and is unlikely to be achieved.

Alone the market with newly installed photovoltaic systems with three gigawatts grew last year by 70 percent compared to 2017, so that by 2020 the energy from solar systems could cover ten percent of German electricity consumption. At present, the share of the energy mix is still below 40 percent. The Federal Government’s goal is to generate 65 percent of Germany’s electricity consumption from renewable energies by 2030.

Prices have fallen massively

A few years ago, the market was still struggling with massive problems, especially after the subsidies for the solar industry were cut in 2012. By comparison, in 2010 133,000 people were still working for the industry, whereas the current figure is only around 35,000.

Now the demand for energy from the sun is growing again. According to the German Solar Industry Association, every second owner of a home wants a solar system on his roof. This was the result of a survey. The boom may also be related to the drop in prices for a photovoltaic system. These have fallen by over 75 percent since 2010.

Carsten Körnig, Managing Director of the association, hopes that the first own projects can soon be implemented without subsidies. The industry could benefit massively from this with renewable energies. Körnig is convinced: “What is happening is sensational.