Sunny side down for Germany’s solar power sector

Floating solar systems or "floating pv" are a megatrend in the solar industry. Above all, ecologically subordinate water areas can be used efficiently for clean energy generation, for example on reservoirs or industrial waters. This picture shows a lighthouse project for "floating pv" in the Netherlands. Photo: BayWa r.e.

Germany’s once-promising solar power sector is facing significant headwinds. According to recent market research conducted by SEB Research, Germany’s solar power production superseded demand, creating a decline in energy prices. This decrease in prices has adversely affected producer profits and stalled any expansion plans in the sector. The future of solar power in Germany was predicted to be extremely bright at one point, but it is currently experiencing a downfall.

HISTORICAL LEADERSHIP AND RECENT DECLINE

Sunny side down for Germany’s solar power sector

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