According to Statistics by German electricity market , wind and solar energy account for more than 50% of Germany’s total electricity
Wind energy, photovoltaic and energy storage to advance side by side.
In 2022, electricity prices in Europe reached two peaks in August and December.
Between March and August 2022, electricity prices in Europe rose, reaching the first peak in August, when electricity prices in Germany more than tripled to 429 euros per 2,000 KWH. The geopolitical conflict between Russia and Ukraine has led to rising power costs, including Europe’s failure to respond to the negative effects of supply disruptions.
From September to December, electricity prices in European countries began to pay off, and electricity prices fell to the beginning of the year in October. But on September 26, the north Stream pipeline explosion once again caused electricity panic, and electricity prices rose all the way up to the second peak in December.
Since 2023, Europe’s energy transition has begun to pay results, but the EU has been divided on the development of renewable energy industry: hydrogen and wind energy have been placed at the same height as solar energy, leading to the uncoordinated development of renewable energy. The repeated rise and fall of electricity prices also reflect the conflict of energy development in Europe.
Wind and solar (photovoltaic) have become the two pillars of German power, and the proportion is increasing year by year.
Compared to 2010, German solar contribution rose from 18GW to 60.6GW, from 11% to 26%; wind contribution was 27GW to 64.5GW, from 16% to 27%. The two pillars will generate 50% more than 50% of Germany’s annual output in 2022.
In terms of wind energy, Germany’s total new installed capacity in 2022 exceeded 2.75GW for the first time since 2019, including 0.3GW offshore and 2.4GW on land.
On the solar side, the German solar industry collapsed after 2012 (previously the world leader) in 2012, and the bankruptcy of the German photovoltaic industry swept the country.
It was not until 2022 that the German photovoltaic market reached 7.3GW, gradually recovering to the level of 2010-2012, but the recovery of more than 10 years was based on the dependence on China.