Document summary
Germany is poised for continued renewable energy market growth through 2020 and beyond to meet binding renewable electricity targets and compensate for its upcoming nuclear power phase out. Deutsche Bank believes Germany exhibits best in class climate and renewable energy policy structures, forecasting that photovoltaics (PV) will grow to more than 7% of national electricity supply by 2020. Investment in the German PV sector will be determined by the transparency, longevity, and certainty of the national feed-in tariff policy. The policy is linked to national and EU-level renewable energy and climate change policies.