Oct 31, 2012 - The German Networks Agency has reduced solar feed-in tariffs by 2.5% for the quarter starting on November 1 as solar plant installation is still on the rise.
The PV capacity installed in September alone is almost 1 GW, the agency's head Jochen Homann said on Wednesday.
Germany's Renewable Energy Act envisages a constant reduction in the solar feed-in tariff rates by 1%. However, higher reduction rates are possible if the newly installed photovoltaics exceeds the range of 2.5 GW to 3.5 GW a year. In the first eight months of 2012, the total PV capacity in Germany came in at 5.24 GW.
The PV feed-in tariffs are fixed by the Networks Agency on a quarterly basis. In January 2013, the regulator will announce the rates for the next three months.
Anna is a DACH expert when it comes to covering business news and spotting trends. She has also built a deep understanding of Middle Eastern markets and has helped expand Renewables Now's reach into this hot region.