Germany’s advanced PV economy pays off

Share

While the average time to connect a new small-scale system elsewhere in Europe is 14 to 50 weeks, the report found, in Germany it is only six weeks. Furthermore, administrative costs are also vastly lower in Germany, comprising only seven percent of the small-scale project costs – excluding equipment – as opposed to 19 to 65 percent elsewhere on the continent.

Banks and financial institutions also have played a role in the German photovoltaic market efficiency, observes PV Legal, with institutions developing expertise and products to facilitate widespread photovoltaic installation.

While the German Renewable Energies Act (EEG) remains central to the country’s renewable and photovoltaic sectors, falling module and system costs are bringing grid parity closer. pv magazine has followed the revisions in the act in detail over the previous weeks and months and it appears that fears of rapid reductions in feed-in tariffs appear unlikely.

Further support for the march towards grid parity has also been provided by Solarbuzz, which has observed system prices dropping 16 percent this year. As prices continue to fall aided by an efficiently operating and mature photovoltaic market, feed-in tariffs will become redundant as photovoltaic energy will become cheaper than conventional sources.

German Governmental support for photovoltaics continues beyond the EEG also, with funding for smart grid and energy storage technologies also being announced in the previous months.

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.