Germany installed 7.6GW of PV capacity in 2012 beating its annual record set in the previous year which saw the country install 7.5GW, according to data from the German Federal Network Agency.

The agency has also announced a 2.2% reduction in Germany’s monthly feed-in tariff (FiT). Under the new rate, operators of newly installed PV systems will receive between €0.115 and €0.165 per kWh from 1 February 2013 until 30 April 2013.

The FiT was previously adjusted in November 2012 when the government reduced the rate by 2.5%. The FiT is automatically cut by 1% every month. However, this reduction rate can be adjusted depending on the amount of installed PV capacity.

The agency expects to announce a new reduction rate for the FiT in April which will be effective from 1 May 2013.