German Solar Market Undergoing Dramatic Shift
BERLIN, September 7, 2012 — /PRNewswire/ --
This year will mark the most profound change to the German solar market since the passing of the country's renewable energy act (EEG) over a decade ago. By far the world's largest photovoltaic market, Germany has been fine-tuning incentives for years. Now the scales have been tipped from a feed-in tariff market to a cost competitive grid-parity reality. Today Germany Trade & Invest released a new report on the country's photovoltaic market ahead of this year's Solar Power International in Orlando, Florida.
"We are seeing fundamental changes to business models now that feed-in tariff levels are below electricity prices. End customers are investing in solar to save on their electricity bills. We believe this will shift the entire market and create a number of new business opportunities," stated Tobias Rothacher, photovoltaic industry expert at Germany Trade & Invest in Berlin.
More than 4.3 GWp of photovoltaic (PV) systems were installed in Germany during the first half of 2012. This marks an increase of approximately 2.5 GWp compared to the first half of 2011.
Germany Trade & Invest experts will attend this year's Solar Power International 2012 in Orlando from September 10 - 13. Visit http://www.gtai.com for information on how to meet them in Florida.
For the full report on Germany's photovoltaic market, go to http://www.gtai.com/pv-industry-overview
Germany Trade & 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.
Germany Trade & Invest Andreas Bilfinger Email: andreas.bilfinger@gtai.com T: +49(0)30-200099-173 http://www.gtai.com/press-subscription http://twitter.com/gtai_com http://youtube.com/gtai