Solar power and renewable energy sources are rapidly becoming accepted solutions in the global marketplace. Solar power accounted for 10% of Germany's total electricity production in May, an increase of 40% from the previous year, as reported by the Federal Association of the Energy and Water Industry. The significant jump stemmed from heightened capacity complemented by sunny days. This surge in green power generation reveals that Germany is exploring solutions by expanding the proportion of renewables in the energy mix.
"Germany's decision to replace nuclear energy with other sources is proving to not only be possible, but is creating many valuable prospects for the renewables sector. The continued strength of the solar market has sparked greater investment from abroad," says Tobias Homann, photovoltaic industry expert from Germany Trade & Invest in Berlin.
"Germany is one of the largest producers of PV technology as well as the biggest consumer of per capita solar energy worldwide," says Dr. Yossi Kofman, Co-founder and CEO of bSolar. "Strong demand partnered with a highly skilled workforce, intensive R&D and a political framework supportive of renewables make Germany an obvious point of investment," Kofman continued.