Germany Renewable Energy Market Share, Growth, Trends and Outlook Report 2025-2033

Market Overview

The Germany Renewable Energy Market was valued at USD 43.1 Billion in 2024 and is projected to reach USD 104.8 Billion by 2033. It is expected to grow at a CAGR of 10.37% during the forecast period of 2025-2033. This growth is driven by expanding solar and wind energy infrastructure, supportive government policies, technological innovation, and increasing public awareness, positioning Germany as a global leader in clean energy. 

Study Assumption Years

• Base Year: 2024

• Historical Years: 2019-2024

• Forecast Period: 2025-2033

Germany Renewable Energy Market Key Takeaways

• The market was valued at USD 43.1 Billion in 2024.

• It is expected to grow at a CAGR of 10.37% during 2025-2033.

• The market size is forecasted to reach USD 104.8 Billion by 2033.

• Germany’s electricity generation from renewable sources is expected to reach 288.91 billion kWh in 2025.

• In 2023, Germany held a 4.2% share of the global renewable energy market.

• The government targets include 110 GW of onshore and 30 GW of offshore wind capacity by 2030.

• Renewables accounted for about 60% of electricity generation by 2024.

Sample Request Link: https://www.imarcgroup.com/Germany-Renewable-Energy-Market/requestsample

Market Growth Factors

The increase in solar power plants has been one of the main boosters of the renewable energy market in Germany. Over the last 25 years, about 1.7 million solar power plants with a cumulative capacity of 45 GWp have been erected, which has improved energy security and resilience and has helped to diversify the energy mix beyond coal and gas.

The growing installed capacity of onshore and offshore winds is also contributing to the market. Germany targets the installation of at least 110 GW of onshore winds by 2030, in addition to more than 30 GW of offshore winds, with adequate investments in the transmission infrastructure to provide the required charging for variable renewables. The exploitation of winds is fundamental to the Germanies low-carbon strategy, providing improved security of supply with native, sustainable resources.

The German Energy Transition program is a significant move, emphasizing the market growth aspect, through decarbonization, and developing more renewables. As of 2024, renewables comprised almost 60% of electricity production. The government’s plans for 115 GW onshore and 30 GW offshore wind capacities in 2030, coupled with advances in energy storage and flexibility, make the integration of renewables more robust and put the country on the list of pioneers for clean energy sources.

Market Segmentation

Type Insights: The market segments include hydro power, wind power, solar power, bioenergy, and others. These segments reflect the diverse renewable energy sources contributing to the energy mix and market growth.

End User Insights: The market is categorized by industrial, residential, and commercial end users. These categories encompass the various applications and demand centers for renewable energy across Germany.

Regional Insights: The market covers Western Germany, Southern Germany, Eastern Germany, and Northern Germany, representing key geographic markets contributing to overall sector development.

Regional Insights

The report covers major regional markets including Western Germany, Southern Germany, Eastern Germany, and Northern Germany. Specific regional statistics or dominant region data were not provided explicitly in the source.

Recent Developments & News

• July 2025: Skyborn Renewables and Siemens Gamesa signed a turbine supply deal for Germany’s 927 MW Gennaker offshore wind farm in the Baltic Sea, deploying 103 SG 14-236 DD turbines. The project is set to power nearly one million homes and supports climate neutrality goals.

• May 25, 2023: RWE announced acquiring a 49% stake in the 1.6 GW Nordseecluster offshore wind farm from Northland Power for about Euro 37.5 million.

• May 25, 2023: Mercedes-Benz revealed plans to develop a 120 MW wind farm at its test track in Papenburg, northern Germany.

Key Players

• Skyborn Renewables

• Siemens Gamesa

• RWE

• Northland Power

• Mercedes-Benz

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.