Germany could install 12,500 storage systems for household PV this year, says EUPD

Facebook
Twitter
LinkedIn
Reddit
Email

One analyst has predicted that 12,500 residential PV storage systems could be installed in Germany in 2015, more than the total number of systems installed with support from a government scheme in its first two years.

This month marks the second anniversary of the introduction of Germany’s financial support measures for battery-based energy storage systems. These include a federal ministry of economics and technology (BMWi) grant of around €600 per kilowatt of PV installed for new projects, or slightly more in the case of retrofitting battery storage to an existing PV installation. The remainder of the support comes in the form of low cost loans from Germany’s development bank, KfW.

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

KfW announced this week that in the two years since the scheme was launched in May 2013, it has given out loans for the installation of just over 10,000 systems. This was done at a cost of about €163 million, the bank said. This compares favourably with the first year of the scheme, during which about 4,000 systems were installed.

Markus Hoehner, head of EUPD Research, welcomed the news and told PV Tech Storage that his firm expected the growth to continue on an upward trend. Hoehner said the figures given by KfW tallied with EUPD’s findings to date.

“For 2015 we estimate 12,500 new systems will be installed – with and without KfW support,” Hoehner said.

To read the full version of this story, including more detailed analysis and explanation of market dynamics, visit PV Tech Storage.

Read Next

December 5, 2024
Nir served as the company’s chief marketing executive since June 2024 and will succeed Ronen Faier, who served as interim CEO of the company since August 2024.
December 5, 2024
The European Commission has launched a €3.4 billion call to support the development of “innovative decarbonisation technologies in Europe".
December 5, 2024
TotalEnergies has sold a 50% stake in a 2GW US solar and energy storage portfolio and acquired German renewable energy developer VSB Group.
Premium
December 5, 2024
Magdalena Hilgner of PLAY explains that projects that deliver power reliably and at a fair price will always be attractive for offtakers.
December 5, 2024
Australian energy company APA Group has completed the construction of a 45MW solar-plus-storage project in the Pilbara region of Western Australia.
December 4, 2024
Solar will form the cornerstone of Indonesia’s renewable power sector, according to forecasts made by think tank Ember Climate.

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
December 12, 2024
9am GMT / 10am CET
Solar Media Events
February 4, 2025
London, UK
Solar Media Events
February 17, 2025
London, UK
Solar Media Events
February 26, 2025
Seattle, USA