Both industry and politicians alike have reacted with outrage at Germanys new FIT plans. According to one analyst, EPC players will be the hardest hit. However, there is still time for changes. The question is, will they be for the better or worse? On one side are the politicians calling for further cuts, and on the other, is the “20 percent” hope that improvements could still be made.
Details have emerged today that BP Solar will withdraw from the consortium that was successful in bidding to install the Moree Solar Farm, under a Government solar program. The photovoltaic power project is partly Government-funded and is be 150 megawatt (MW) in capacity.
As was reported yesterday, Germanys politicians have made some serious changes to the countrys pioneering feed-in tariff (FIT) scheme. Specifically, a one-off cut will be applied in March, monthly tariff reductions will begin in May, the maximum size of photovoltaic plants that can receive a tariff has been capped, and just 85 to 90 percent of solar energy produced will receive support.
New research has found that although balance of systems (BoS) revenues are forecast to fall in 2012 due to price erosion, they will increase over the next four years to hit US$24 billion in 2016. Meanwhile, tracking systems are expected to represent the biggest growth segment.
Trina Solar Limited experienced a rough 2011, with gross profits and operating income particularly hard hit. Despite this, module shipments were on the up and sales outside of Europe exceeded 50 percent for the first time. Looking to 2012, the company says it will implement capacity ramp ups.
Amongst the doom and gloom surrounding the accelerated and sudden cuts to the German photovoltaic feed-in tariffs (FIT), a glimmer of hope has emerged from an unexpected place. On Wednesday, the U.K. achieved one gigawatt (GW) of installed capacity, illustrating just how much faster than expected the British public and businesses have embraced solar.
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