Key Findings

The energy transition is affordable for Germany, and it will likely be even more affordable for other countries.

Germany has benefited economically from its international leadership role in going renewable. Germany has created the world’s largest domestic solar PV market. German commitment and Chinese mass scale production has helped to drive down the cost of renewables worldwide. In Germany, installed system prices for solar PV plummeted by two-thirds from 2006 to 2014. It will be much cheaper for other countries to invest in renewables now that the technology costs are much lower. On top of that, many countries have much better solar resources than Germany; some of them with the capability of producing up to twice as much power from the same solar panel, due to more sunshine.