The German Federal Network Agency has published figures for this quarter's PV installations in Germany. More than 10,000 PV installations have been recorded, totalling 291.64MW installed this August. The figures show the installations fell below the 300MW mark for the first time in four months.
In 2012, changes to Germany’s Renewable Energy Legislation (EEG) reduced PV FiTs, set a degression rate of 1.8% from May. The degression was applied to stem installation growth to 3.5-4GW.
As the Feed-in Tariff (FiT) is calculated depending on the number of installations the quarter before, the tariff is now expected to fall again.
This October, the FiT for mid-range PV systems, 1-10MW in size, will fall below US$0.14 (€0.10) per kWh.
After changes to the FiT for systems over 10MW, only about 50 system installations above 10MW were recorded this quarter by the Agency. The continued degressions in FiT for smaller PV projects is expected to decrease investment in the mid-size PV range.
From January to August 2,400MW of installations were recorded, and a record 7.6GW was installed in 2012; a reduced total of 4GW of installations is predicted by Mercom Capital for this year.