Germany’s Solar Industry Faces Troubles as Growth Slows

Growth in solar capacity additions in Germany slowed markedly in 2024, with the residential solar sector under a lot of distress amid higher consumer financing costs. The slowdown in demand and the slower pace of installations have thrown several Germany-based solar companies into insolvency over the past year. For example, photovoltaic (PV) systems provider ESS Kempfle filed for insolvency in October. PV project developer Fellensiek, created in 2012, filed for insolvency a month earlier, due to liquidity problems. Solarmax, a provider of residential…