German FiTs unmoved again with deployment 900MW short of reduction trigger

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Over the last 12 months there was around 1,419MW of new capacity installed. Credit: Belectric

Feed-in-Tariff (FiT) rates for PV systems in Germany will remain at the same level between 1 January and 1 March this year as new capacity in the last year did not reach the trigger for a cut in subsidy support, according to the Federal Network Agency.

Over the last 12 months there was around 1,419MW of new capacity installed. This is more than 900MW below the reduction trigger capacity of between 2.4-2.6GW, which comes under the German Renewable Energies Act.

If capacity had reached 2.4-2.6GW, it would have caused a 0.5% reduction in the FiT per month, or even greater reductions if this capacity had been surpassed.

The rates of 10.71-12.7 euro cents/kWh will now be guaranteed to remain in place until 1 March. The rate depends on the size of the system and whether it’s subject to the market premium model whereby electricity is sold to the grid at a topped up price or receives a fixed FiT.

Germany did not cut its FiTs for solar in Q4 2015 either, because this was the first time that deployment was insufficient to trigger a reduction. Until this period, the subsidy had fallen by 0.25% or 0.5% on every quarter since the installed capacity-linked reductions were introduced.

Read Next

July 9, 2021
German renewables asset operator Blue Elephant Energy has shelved plans for an initial public offering (IPO) after it secured a €75 million (US$88.8 million) cash injection.
July 6, 2021
Poland’s R.Power has entered the German solar market after signing co-development agreements with local developers to collaborate on PV projects in the country.
July 1, 2021
Heterojunction cell and module manufacturer Meyer Burger has raised approximately US$258 million through the placement of shares and green bonds as it looks to accelerate its push into international solar module markets.
June 23, 2021
Major system-wide benefits are obtainable for European power producers that quickly replace coal with renewable energy, from avoiding fuel and carbon costs to new power export opportunities.
May 21, 2021
There has been an increase in the share of PV systems in Germany that have an eastern and western orientation, according to new findings from Fraunhofer ISE.
April 26, 2021
Germany’s renewable energy sector has said new government plans to more than triple the PV capacity included in next year’s auctions do not go far enough in supporting long-term solar deployment.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK