Markets

The new subsidies for battery storage systems will apply retroactively to all photovoltaic systems installed this year and have a maximum capacity of 30 kW. The German Environment Ministry and KfW state bank have not made any official announcements, however, the program is expected to be introduced in the coming week.

Four renewable energy associations in Spain have joined forces to oppose implementation of the Spanish government’s new decree, which “retroactively aggravates initial investment conditions” for developers of photovoltaic installations and other renewable energy plants.

Greece-based Metaxas and Associates Law Firm has lodged two complaints with the European Commission against the retroactive taxes applied to renewable energy systems in Greece. Meanwhile, rumors abound that the Greek government is considering more retroactive cuts.

Belgian Renewable Energies Association, Apere, announced yesterday that Belgium surpassed 2.6 GW of installed photovoltaic capacity at the end of 2012. Overall, the renewable energy accounts for 2.8% of the country’s total electricity consumption.

Bloomberg New Energy Finance (BNEF) forecasts that large-scale photovoltaic systems will supply energy cheaper than coal and gas by 2020 in Australia. Already, it states, wind farms are supplying energy cheaper than its fossil fuel counterparts.

The U.S. has requested World Trade Organization (WTO) dispute settlement consultations with the Indian Government regarding India’s solar photovoltaic domestic content requirements (DCR). Industry association SEIA has come out in support of the move.

The sky is the limit for photovoltaic market growth, which is expected to more than triple by 2020, according to a report just released by London-based research firm GlobalData. It says growth is being stimulated by two major forces. Challenges are present, however, including issues over existing grid infrastructure.

Ash Sharma, director of solar research at IHS Solar forecasts double digit growth in photovoltaic power optimizers over the next two years, despite the fact they are not said to be economical in well-designed installations. In the following interview, he discusses the market with pv magazine.

The Greek photovoltaic market was worth around €523 million in 2012 – over double that of 2011 – according to a recent report published by Greek consultancy Stochasis Management Ltd. The figure corresponds to an average annual growth rate of 196.8% for the years 2009 to 2012.

With retroactive effect as of February 1, the newly established Photon Publishing company has taken over the business operations of Photon Europe. Creditor approval is still pending, however.