Despite a sizeable fall in the number of solar installations in Germany this year, there is growing optimism among industry experts about the future of the industry’s flagship market.
Central to this change in fortune has been the German government’s decision not to cut its feed-in-tariff in July, which has boosted the number of large-scale projects being constructed and also raised confidence levels among investors. Further aiding the recovery was the announcement in May that Germany would be shutting all of its nuclear facilities by 2021, leaving PV ideally poised to fill the void left in the nation’s energy portfolio.
“This is reassuring news for investors and the industry alike,” general manager of Tenesol Germany Engin Yaman said. “The German market slowed significantly at the start of the year following the announcement that the feed-in-tariff was to be cut.
“New installed capacity was only 700MW [between March and May] – a figure that previously would have accounted for just one month. I think this demonstrates how severe the impact of the proposed cut was, prompting government officials to reconsider their proposals.”