Germany: Another PV boom expected

The drastic cuts to the solar subsidies in Germany have led to a renewed boom in the photovoltaic development within the first weeks of 2012. The federal Environment Ministry expects this as stated in an internal document that the media magazine "Der Spiegel" cites in its report on the actual update of the German solar debate.

The ministry apparently predicts that the subsidy-cut push-factor will lead to a solar boom once again and this means that approximately €9 billion in EEG subsidies for the next 20 years will have to be handed out. Investors are trying to get their photovoltaic plants connected to the grid within the stipulated deadline.

A precise transition period is still pending. The proposal put forth by Federal Environment Minister Norbert Röttgen and Economic Minister Philipp Rösler led to massive uncertainty among investors. The original deadline for the sinking of the solar subsidies was March 9. This deadline has been shifted to April 1. A longer transition is under negotation for larger projects.

"Der Spiegel" continues in its report that the Environment Ministry expects the record 3,000 megawatts in December 2011, as reported by the Federal Network Agency, to be topped. The total installed capacity of new photovoltaic plants in January and February is expected to be released in April.