Despite issuing substantial cuts in feed-in tariffs, Germany’s solar market continues to expand, making it the world’s second largest in annual installations of solar panels.
Last month, Germany’s Environment Minister Norbert Roettgen and Economy Minister Philip Roesler announced plans to reduce annual solar installations to between 2.5 and 3.5 gigawatts (GW) for this year and next.
However, with 1 GW of new photovoltaic installations in January and February, 2 GW in March, and 2 additional GW of installations expected between April and June, projected annual solar installations are well above the 2.5 to 3.5 GW Germany’s government wishes to see on a yearly basis.
With rapid growth in Germany’s solar industry showing no signs of stopping, increased subsidy cuts may be in order to further reign in the market, even beyond the 37 percent reduction scheduled for April 1.
That’s all for now,
German Tariff Cuts Haven’t Slowed Solar Growth originally appeared in Green Chip Stocks. Green Chip Review is a free 2x-per-week newsletter, is the first advisory to focus exclusively on investments in alternative and renewable energies.