Altmaier satisfied with declining PV capacity in Germany in Aug 2012 - report

Sep 12, 2012 - Environment Minister Peter Altmaier said before the Bundestag, the German lower house of parliament, he is satisfied with the declining amount of newly-installed solar capacity in Germany in August 2012, online portal n-tv reported on Tuesday.

According to Altmaier, the capacity of newly-installed solar power systems in Germany fell to 320 MW in the month of August 2012 from 570 MW in August 2011 and some 540 MW in July 2012.

The decline is resulting from the implemented reduction in solar feed-in tariffs (FiTs), which according to Altmaier, proves to be successful as the targeted reduction in the amount of newly-installed PV capacity has been achieved.

However, the recent reduction in the FiTs also led to a record growth in solar capacity in June 2012, when newly-installed PV systems reached a capacity of around 1.8 GW, up from 630 MW a year earlier.

The capacity of newly-installed solar power systems in Germany reached 5.2 GW in the January-August period of 2012.

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