German Environment Ministry Opposes New Solar Energy Reduction Policy

The German Ministry of Environment recently lifted a resolution of the Ministry of Economic Affairs, which plans to reduce the increase in new PV installations, reaching approximately 1,000 MW per year. Environment Minister Norbert Roettgen said that if reductions are reduced too much, he will blame the PV sector.

The Ministry of Economic Affairs recently announced a measure that proposes to reduce the increase in installed PV installations to 1,000 MW per year. This proposal represents a reduction in new production capacity to 1 GW per year and a reduction in the annual cost of including incentives, ie for solar energy producers. spend. If the initiative can be successfully legislated, this move will effectively lead to the collapse of the German solar market. As the world's largest solar energy market, the solar energy sector has suffered a lot of falling prices and reduced government subsidies.

According to data from the European Photovoltaic Industry Association (EPIA), installed solar energy production in Germany reached 7.4 GW in 2010, which is nearly half the world's total installed capacity of 16.6 GW.