Germany’s solar market nearly doubled installations for the previous year. New systems in 2010 totaled more than 7 GWp and accounted for about half of all the solar power systems installed in the world.
Germany recently announced it will reduce its electricity feed-in tariff in the middle of this year. This will place Germany closer to grid parity, and reflects lower solar system prices.
With this level of demand already attracting foreign investors, representatives from Germany Trade & Invest will be at this year’s SNEC PV Power Expo in Shanghai at the German Pavilion at stand W1-360F from February 22-24, 2011.
“Germany continues to confirm its standing as the largest photovoltaic market worldwide. With record demand every year and growing markets across Europe, it’s not surprising that many of the world’s biggest players are located in Germany,” according to Tobias Homann, Senior Manager for Photovoltaics at Germany Trade & Invest in Berlin.
Germany’s solar power industry has an annual turnover of EUR 10 billion and employs more than 133,000 workers. There are over 17 GWp of photovoltaic installations across Germany right now, which is around half of all installed solar capacity worldwide.
“Companies benefit from an experienced workforce and an outstanding infrastructure of equipment suppliers, component manufacturers, developers, banks and installers. Germany also provides direct access to the world’s largest PV markets and first-rate R&D institutes,” Homann continues.
Germany Trade & Invest is the foreign trade and inward investment promotion agency of the Federal Republic of Germany. The organization advises foreign companies looking to expand their business activities in the German market. It provides information on foreign trade to German companies that seek to enter foreign markets.
For further information, contact Andreas Bilfinger, Germany Trade & Invest, Email: email@example.com, T: +49(0)30-200099-173, F: +49(0)30-200099-111.
Image via Wikipedia.
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