The latest feed-in regulation, which provides higher paybacks for solar energy, has caused a sudden favorable jump in the German PV industry. This new German Renewable Energies Act (EEG) makes sure that the eco friendly photovoltaic installations are made feasible enough due to the great payback rates for the electricity fed to grids. EEG also removes the maximum capacity of field installations.
As per a recent market research report named, “Year 2010: Photovoltaic Industry and European Union” published by RNCOS, “With the rapid growth in the number of small installations on 1-2 family homes with 30m² of solar modules as well as the large installations with 10,000m² & above, the German Solar Industry Association expects a significant growth of 35% for the current year”.
As per experts, “The current state of the regulatory framework for PV in Europe can be described as a very assorted one with a great level of differences between the Member states and their time planning”. However the experts anticipate that the current boom should result in an annual reduction of 5% in the cost of solar power.
With a large number of newly installed PV stations, Germany holds more than 70% of the overall European PV market. Also, German companies have invested more than 1 Bn Euros in setting up solar industries.
Besides providing a detailed analysis of the photovoltaic industry along with its overall impact on the European Union, the report also lists the main countries that are working for the development of PV. Also, the report covers a thorough discussion of terrestrial photovoltaic sectors such as technology, segmentation and so on.
Major market trends in the photovoltaic industry, Regional market analysis, Applications of PV technology, company analysis of key players in photovoltaic industry and various government support programs and market projection till the year 2010 covered in this report make it a must read!
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