The study identified that the country captured around 52% of the global PV installations in 2010 and sustained its top position in the global PV arena. The industry has been receiving notable support from the government in the form of various programs aimed at meeting increased energy needs through renewable sources. The PV share in overall renewable energy development is expected to swell in coming years, which will position Germany as a favored investment destination for global PV majors.
Further, the cost of producing PV power is decreasing in the country and the grid parity is probable during the next 3-4 years.
These developments will further infuse PV electricity demand in Germany during our forecast period. According to a senior research analyst at RNCOS, although with significantly reduced FIT’s, it will be quite difficult for the companies to retain their high-speed growth momentum but at the same time, the grid parity will offset their growth decline and prove decisive in long term.
Our report “German Photovoltaic Market Analysis”, has been authored to evaluate the current status of the Germany PV industry and its future growth potentials. It facilitates information and statistics on all prominent market segments including residential, commercial, and solar parks. Besides, it provides market trends on cell manufacturing, solar inverter market, PV power plants etc.
Separate sections on industry value chain analysis and FIT amendments will help clients to formulate their investment decision plans in concerned market.