Demand for solar energy still strong

The demand for solar installations in Germany rose sharply last year, with a newly installed photovoltaic capacity of 3.8 gigawatts (GW) registered at the Federal Network Agency (Bundesnetzagentur).

Photovoltaic installations with a total peak power capacity of around ten gigawatts are currently connected to the German grid. This is sufficient to cover the annual energy needs of five million citizens, says BSW-Solar.

The significant market growth expected again this year has been triggered by the “extraordinary amendment” to the Renewable Energies Act (EEG) recently passed by the German Bundestag, which will see a “substantial reduction” in solar subsidization from July 1, and again from the beginning of next year.

“Many consumers and investors are currently trying to take advantage of the old subsidies. This is why we anticipate an impact from pre-emptive purchasing and record demand in 2010.” Carsten Körnig, CEO of BSW-Solar.