Germany Installs 3.4 GW Solar Capacity in Q3, a 79% YoY Growth
The country installed 10.1 GW during 9M 2023, bringing the cumulative solar capacity to 77.7 GW
October 25, 2023
Germany installed 3.4 GW of solar power capacity in the third quarter (Q3) of 2023, a 79% year-over-year (YoY) growth from 1.9 GW.
On a quarter-over-quarter basis, the installations, however, witnessed a 5.6% drop from 3.6 GW.
The data was published in a recent report by the German Federal Network Agency Bundesnetzagentur.
The total capacity installed during the first nine months of 2023 stood at 10.1 GW, an 80.36% increase from the 5.6 GW recorded during 9M 2022.
Mercom had previously reported the solar installations for Q2 2023 to be 3.3 GW, which were later revised by the Federal Network Agency to 3.6 GW.
At the end of September 2023, the country’s cumulative solar capacity stands at 77.7 GW.
The country installed 1.35 GW in July, 1.18 GW in August, and 919.5 MW in September 2023.
The states of Bayern, Nordrhein-Westfalen, and Baden-Württemberg continued to lead the solar installations in the country by accounting for 60.55% of the solar capacity installed during the quarter.
Bayern led the solar installations in the country with 897.25 MW installed between July and September, followed by Nordrhein-Westfalen with 607.77 MW and Baden-Württemberg with 586.37 MW.
In July 2023, Germany’s auction for installing 191 MW of rooftop solar projects was oversubscribed by 79%, receiving a total of 155 bids with a volume of 342 MW. A total of 79 bids with a volume of 193 MW were accepted.
In August 2023, another tender for 1.6 GW of solar projects was concluded with a total of 124 accepted bids, with the lowest tariff of €0.054 (~$0.059)/kWh discovered in the process. The highest awarded bid value was €0.067 (~$0.073)/kWh, and the average volume-weighted surcharge value was €0.065 (~$0.071)/kWh. The tender received an overwhelming response, with the bid volume coming up to 1.67 GW. The ceiling tariff for the auction for the ground-mounted solar projects was set at €0.074 (~$0.081)/kWh.