Germany may end Subsidy to ground Solar Plants
Whenever a sharp cut is announced in solar subsidy a massive surge of installations takes place
Germany has been the world’s largest market by solar installations and capacity for the last 5 years. The total installed capacity of solar energy in Germany has now touched almost 32 GW with almost 1 GW of solar power capacity installed in September 2012 alone. Germany has been trying to rein in the growth in German solar panels to 3-5 GW a year from the current rate of 7-8 GW a year. However despite repeatedly cutting feed in tariffs for solar energy production, the growth has refused to stop. The Chinese solar panel producers have reduced prices by almost 80% in the last 3-4 years as overcapacity has meant that the price decline in solar systems has not stopped despite numerous bankruptcies…
READ THE WHOLE STORY HERE
THIS OPINION IS BROUGHT TO YOU BY SMARTGRID-CI, the best qualityand most comprehensive news service on the smart grid and the utility industry.
LEARN MORE HERE