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After installing a record amount of PV in the first half of the year, the latest figures released by the German federal network agency Bundesnetzagentur showed that Germany installed 543MW of PV capacity in July 2012. This compares to 572MW in the corresponding month one year earlier.
Installation figures show that there were more than 12,000 PV installations in the country in July. These positive figures may have been spurred by Germany’s new feed-in-tariff which introduces monthly tariff degressions. This replaces the annual FiT cut that usually occurs in January. The amount the FiT is cut will be variable with a maximum annual degression fixed at 29%.
However, under this new model, it is predicted that there will be no end of year rush, as highlighted by IHS iSuppli, with just 28% of installations slated for 2012 predicted to occur in the last three months of the year.
In total, Germany has installed around 4.9GW of new PV capacity this year — a record amount. In the same seven-month period one year earlier, just 2.3GW of PV was installed. Overall, Germany has more than 29GW of installed PV capacity, making it one of the leading European countries in solar power.