Energy: this graph shows that Germany doesn’t love solar anymore

14 Jan, 2013



Every year in December for the last few years, German solar installations saw a huge spike. Not this year, according to this graph from JP Morgan Securities:

germany solar energy

The reason for the anemic demand for solar is simple the German government is cutting back its subsidies for solar, because the programmes proved too expensive.

“The lack of a year-end installation rush in Germany likely indicates that Feed-in-Tariff (FiT) cuts are having the desired effect and demand and will trend meaningfully lower from now on.”

The analysts at JP Morgan say things aren’t looking too hot for the solar industry, now that European demand for solar is waning:

“Germany accounted for about a quarter of global Solar PV demand in 2012 and was by far the largest single market. Global Solar PV demand was expected to be approximately 30GW in 2012, with Germany being the largest single market. Outside of Germany, China, Italy, the US, and Japan were the largest markets—all expected to come in less than 5GW. Italy has also been taking aggressive action to limit new solar installations.”

Read more: http://www.businessinsider.com/europe-solar-energy-demand-cliff-2013-1#ixzz2HwyJjfM1

 

via Business Insider / photo: Pure3d, Flickr

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Raf Weverbergh

Editor of whiteboard. Raf Weverbergh was a magazine journalist whose work appeared in magazines like Rolling Stone, Playboy, Mail on Sunday, Publico and South China Morning Post. He is the co-founder of FINN, a corporate communications agency where he advises startups and multinationals on their PR and Mustr, the easiest media database for PR professionals. You can contact him on Twitter, Linkedin or Skype (rafweverbergh).

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