German Power Investment Energiespeicherpreis

The S&P GSCI German Power (Yearly) is designed to measure the performance of the German power market.

Is Germany a good place to invest in energy storage?

While the demand for energy storage is growing across Europe, Germany remains the European lead target market and the first choice for companies seeking to enter this fast-developing industry. The country stands out as a unique market, development platform and export hub.

How much electricity does Germany import?

Germany imported electricity from Denmark (10.3 TWh), Norway (3.7 TWh ) and Sweden (3.1 TWh). The average volume-weighted day-ahead exchange electricity price was €230.58/MWh or 23.058 cents/kWh. This is approximately 2.5 times the 2021 price (€93.35/MWh) and 6.3 times the 2019 price (€36.65/MWh).

What is the future of solar power in Germany?

Sustained growth is forecasted in the market for new PV capacity for years to come. Concurrently, battery systems are expected to reach a capacity of at least 100 GWh by 2030, reflecting a transformative shift within the German energy system towards renewable energy integration.

Can Germany achieve a 215 GW PV capacity by 2040?

With ambitious government targets and framework conditions to match that ambition, a PV capacity totaling 215 GW by 2030 and 400 GW by 2040 is realistically achievable. Photovoltaics have emerged as the key element of Germany’s energy landscape, flanked by onshore and offshore wind power.

How does Germany support the energy transition?

The German population supports the goals of the energy transition. Improved energy self-sufficiency in private households and commercial operations enjoys widespread acceptance. More than 1.7 million solar power plants, with a total capacity of more than 45 GWp, have been installed in Germany over the past 25 years.

How much power does Germany have?

Some regions of the country have approximately 190 to 290 W per inhabitant. Regarding ground-mounted systems, the highest installed capacities per land area are in Brandenburg with 153 kW/km2, Saarland with 132 kW/km2 and Bavaria with 114 kW/km2.