Europe's solar installation levels are exceeding expectations, with the amount installed in October 2023 already matching the total installed in all of last year. Rystad Energy modeling forecasts new solar capacity additions will grow 30% this year versus 2022, surpassing 58 gigawatts direct current GWDC of new panels by the end of the year. This year, rooftop solar installations have taken the lead, accounting for 70% of all newly installed solar in Europe.
After a lackluster 2022, Germany is expected to bring nearly 4 gigawatts GW of new onshore wind capacity online, marking steady growth and further demonstrating the country’s strategy to maintain a balanced commitment to having a diversified renewable energy portfolio. Other major players in the onshore wind sector are not faring so well.