In Germany €1.7 billion were invested in new photovoltaic systems in 2017
Post date: 18/10/2018 - 17:39
In 2017, €15.7 billion ($18.1 billion) were invested in new renewable energy plants in Germany, an increase of €0.3 billion over the previous year. Through the maintenance and operation of the existing plants, other industries, such as service and maintenance companies, achieved a further €16.2 billion, according to the latest data provided by the German Renewable Energy Statistics Working Group (AGEE-Stat). In 2010, the value for investments in renewable energy plants was almost €28 billion. Thereafter, investments fell to just under €14 billion in 2015.
According to AGEE-Stat, the significant decline in total investments after 2010 was mainly due to developments in the PV sector. System prices fell in 2011 and 2012, while new systems continued to be built. While investments in PV systems in the years 2007 to 2012 accounted for between 40 and 70 percent of total investments, this share fell to just under 11 percent in the years 2015 to 2017. In 2017 this corresponds to an investment of €1.7 billion ($1.9 billion).
According to the Federal Ministry of Economics, 1,678 MW of new photovoltaic capacity were installed last year, an increase of 12 percent compared to 2016 (1,492 MW). Electricity generation in photovoltaic plants increased by 5 percent over the previous year to 38.1 billion kilowatt hours (billion kWh) and rose to 39.9 billion kWh. Photovoltaics thus covered 6.6 percent of total electricity consumption.
AGEE-Stat is an independent expert committee and was founded in 2004 by the Federal Ministries of the Environment, Economics and Agriculture to collect and process data on the use of renewable energies.