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Solar sector will soon threaten funding cuts of more than 20% – Circles

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FRANKFURT (Dow Jones) – German solar industry already threatened Soon funding cuts in the double-digit percentages. As early as next week Environment Minister Norbert wanted Röttgen (CDU), submit a proposal, told Dow Jones Energy Daily "on Thursday by industry circles. The reduction the feed-in tariff could be for the second quarter this year, and by 1 July are made. Added comes in the Renewable Energies Act (EEG) enshrined Scale from 1 January 2011 by 8% to 10% for the Solar power compensation.
Further information from Dow Jones Energy Daily " Moreover, according to the January next year, a further drastic reduction in solar subsidies will be made when the outbuilding to photovoltaic systems should be higher than last year. Overall, the reduction would be so exceeded 20% and probably close to the 30% demanded by consumer groups, if the This year is no significant drop in demand for solar systems occurs.
Environment Röttgen end of 2009 was an adaptation of the EEG remuneration for solar electricity announced. The current regulations and compensation rates have lead to a Over-funding and cost explosion resulted in the subsidy expenditure. Because the cost of solar compensation beyond the EEG apportionment will be distributed to all end users, was also confirmed by the Consumer (VZBV) at the hearing on Wednesday in the Federal Environment Ministry (BMU), a drastic reduction of support calls by 30%.
In addition, it is the will of the VZBV a cap on the Give support. In the past year were due to Overcapacity in the industry in photovoltaic modules, the system rates highly declined much faster than state funding. Costs for consumers would have as high of around EUR 10 billion four times Situated as planned, it says more in a VZBV position paper. Simultaneously, the newly installed capacity of solar systems has risen considerably faster than previously predicted, and thus to a large increase in Promotion conducted.
The Federal Solar Industry Association (BSW), which along with the VZBV and Company representatives from the solar industry in the BMU auditioned, had agreed to a additional reduction of the feed-in tariffs by 5% from 1 July this Year to agree. "Solar power from its own roof is then already The end of this legislature as cheap as electricity from the Outlet, "said Managing Director Carsten BSW Granular. This approach give planning and investment security for the solar industry and consumers.
If the cuts actually in double digits Percentages are threatening the solar industry has been estimated by the Association of huge losses that threaten the existence of the company could. It relies on a so-called BSW Sector Report Landesbank Baden-Wurttemberg (LBBW). In the "Dow Jones Energy Daily assessment of the present situation is Landesbank it means a reduction in double-digit percentage range, "the For the European production site.
-By Ali Uluçay, Dow Jones Newswires, +49 (0) 69 – 29725 300,
konjunktur.de @ dowjones.com
DJG / apo
END) Dow Jones Newswires
January 14, 2010 06:08 ET (11:08 GMT)
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