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Daily News Wrap-Up: Germany Adds 3.7 GW Solar Capacity in Q1 2024

JinkoSolar sees a 44% decline in first-quarter profit

May 2, 2024

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Germany installed 3.7 GW of solar power capacity in the first quarter (Q1) of 2024, a 19% year-over-year (YoY) growth from 3.2 GW. The data was published in a recent report by the German Federal Network Agency Bundesnetzagentur. The installations for January were 1.47 GW, February (1.14 GW), and March (1.1 GW). Germany targets to install 215 GW of solar capacity by 2030, with 22 GW of capacity additions every year. To reach the 215 GW target, the monthly installation needs to be 1,587 MW, as noted by Bundesnetzagentur at the end of Q1 2024.

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