German Solar Market Doubled In 2010
Berlin, Germany (SPX) Feb 28, 2011
Despite fears of subsidy adjustment, the German solar market almost doubled in 2010 According to Germany Trade and Invest Germany's solar market nearly doubled the previous year's installations, with new systems in 2010 totalling over 7 GWp and accounting for approximately half of the world market.
This has led to the recently announced feed-in tariff cuts set for mid-2011, which reflect lower system prices and puts Germany closer to grid parity.
"Germany continues to confirm its standing as the largest photovoltaic market worldwide. With record demand every year and growing markets across Europe, it's not surprising that many of the world's biggest players are located in Germany," according to Tobias Homann, Senior Manager for Photovoltaics at Germany Trade and Invest in Berlin.
Currently there are over 17 GWp of photovoltaic installations across Germany, which is approximately half of all installed solar capacity worldwide. The industry posts an annual turnover of approximately EUR 10 billion and employs over 133,000 workers.
"Companies benefit from an experienced workforce and an outstanding infrastructure of equipment suppliers, component manufacturers, developers, banks and installers. Germany also provides direct access to the world's largest PV markets and first-rate R and D institutes," Homann continues.
Germany Trade and Invest is the foreign trade and inward investment promotion agency of the Federal Republic of Germany. The organization advises foreign companies looking to expand their business activities in the German market. It provides information on foreign trade to German companies that seek to enter foreign markets.
Share This Article With Planet Earth
Germany Trade and Invest
All About Solar Energy at SolarDaily.com
San Jose CA (SPX) Feb 28, 2011
SoloPower has announced that it has received a conditional commitment from the U.S. Department of Energy (DOE) Loan Programs Office for a $197 million loan guarantee. The funds will support construction of a facility that, when completed and at full capacity, is expected to produce approximately 400MW of thin film Photovoltaic (PV) modules annually. "This announcement is the latest confirm ... read more
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement|