German FiT: Masdar PV threatens revisions to solar manufacturing investment plans

Facebook
Twitter
LinkedIn
Reddit
Email

The possibility of heavy cuts to the German solar feed-in tariffs could not only reduce demand for solar installations in what should become the largest market in the world in 2009, it could also see reduced investments and job losses in the sector, according to Masdar PV CEO, Dr. Rainer Gegewart. Speaking at the World Future Energy Summit currently being held in Abu Dhabi, Gegewart warned that should muted FiT cuts be made, the a-Si thin-film manufacturer would revise its investment plans in Germany and look for new opportunities abroad as those markets would grow, compared to a possible contraction in Germany.

“It makes me angry when politicians only look at the cost for subsidies, but do not bear in mind how many jobs were created in the solar industry which are put at risk once again. This might cost even more in the long run,” remarked Gegewart. “We at Masdar PV have the opportunity to ship volumes abroad, but many smaller companies that benefited from this growth market do not and will disappear from the market.”

Taking a swipe at politicians, Gegewart said, “We have seen in Spain what harm wrong national politics and incentives can do to the world market.”

Masdar PV is one of the most financially secure of all a-Si thin film start-ups, which is a subsidiary of the globally operating Masdar Abu Dhabi Future Energy Co.

The company recently started volume production at its first manufacturing line in Erfurt, Germany, and has plans for over US$2 billion in investments in module production at multiple sites, in Germany and internationally.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Read Next

Premium
July 24, 2024
Policies in the EU and US to impose a carbon price on imported materials and goods will inevitably hit solar manufacturers.
July 24, 2024
The power purchase agreement consists of a portfolio of six solar PV projects located in the Italian regions of Lazio and Emilia Romagna.
July 24, 2024
A roundup of two agrivoltaics projects from different sides of the world, from US PV developer Avangrid and Lodestone Energy in New Zealand.
July 24, 2024
In Q2 2024, Enphase Energy shipped 574,000 microinverters from its US facilities, which benefit from the 45X production tax credits.
July 24, 2024
AEMO has granted BrightNight approval to connect its Mortlake Energy Hub, which includes solar and storage facilities, to the Victoria grid.
Sponsored
July 24, 2024
Sungrow's Lei Wang discusses the company's floating solar activities and opportunities for PV to go offshore.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA