19 Jun '12, 6pm

German Solar Installations Coming In at $2.24 per Watt Installed, US at $4.44: Shyam Mehta, GTM Research Senio...

German Solar Installations Coming In at $2.24 per Watt Installed, US at $4.44: Shyam Mehta, GTM Research Senio...

Shyam Mehta, GTM Research Senior Solar Analyst , reported on this earlier this week, but it bears repeating. According to the BSW , average German system prices in the second quarter of 2012 were estimated at EUR1.776 per watt peak, or $2.24 per watt peak at current exchange rates. Since Germany is dominated by rooftop systems (72 percent of installations in 2011), this is an impressively low number. Assuming a module price of around $0.90 per watt peak, this implies an average balance of system cost of $1.34 per watt peak. This is one of the reasons why, as Mehta puts it, the German downstream market is still alive and well. While only 650 megawatts were installed in January and February (typical for Germany), preliminary results from the BSW indicated deployment of 1.15 gigawatts in March, largely due to pull-in effects of an expected April feed-in tariff cut, which was ...

Full article: http://www.greentechmedia.com/articles/read/German-Solar-...

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