27 Feb '12, 8pm

Germany's New Solar Containment Policy via @reworld

Germany's New Solar Containment Policy via @reworld

Since 2007 the nation has accounted for 30 to 50 percent of the planet's annual solar PV capacity. Cumulative installed solar capacity is roughly 25 gigawatts and the government is targeting 66 GW by 2030. To avoid overheating as seen in other European nations (Spain in 2008 and 2009 and Italy in 2010 and 2011), Germany has reigned in its FiT plans by nearly 40 percent. The EEG, which costs about €7 billion a year, is structured to degress as installations climb, thus maintaining steady internal rates of return (IRR) for projects, and generally keeping pace with plunging PV costs. In the first few weeks of 2012, though, German officials realized they had a big problem: preliminary estimates indicated new solar PV installations in 2011 leaped to a record 7.5 GW in 2011, far outpacing the country's 2.5 to 3.5 GW plans -- with a whopping 3 GW in December 2011 alone, thanks to...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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Germany's New Solar Containment Policy

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