|German was leading the growth rate, now the world has changed!|
Why this Change?
The reason for this change lays in the price of PV-systems. During the last decade, the price declined from somewhere above 5000 $/kW down to 1000 $/kW due to the strong market in Germany. This low price makes PV economical within most of the sunny countries like Italy or India. Most countries have about double the sun radiation during the year than Germany receives.
It seems so, that the growth of the solar installations is now market driven and therefore sustainable. But be aware, what 80% growth means, within 11 years, if the trend continues, the world may have changed to a complete solar energy driven world. Today, only 0,4% of the electricity is from solar, but in 2023 it could be near to 100%!