Next generation of energy consumers are moving towards energy independence – Financial Times –

Next generation of energy consumers are moving towards energy independence – Financial Times –

Germany has belied its status as a country with the fewest hours of sunshine in the world to become one of the planet’s largest solar power producers. In 2017, Germany ranked fourth globally and accounted for about 10 per cent of the global installed capacity, according to the International Energy Agency.

In 2017, Germany ranked fourth globally and accounted for about 10 per cent of the global installed capacity, according to the International Energy Agency.

This has been achieved by 1.7 million small-scale solar panel operators rather than by big, centralised power producers. These operators produced 9.6 per cent of Germany’s net energy production in the first nine months of 2018, according to research institute Fraunhofer ISE. Further, solar power has become the cheapest mode of power generation in Germany, according to Fraunhofer ISE, which says that equipment and installation costs fell by 75 per cent between 2006 and 2017.

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