Germany's PV FITs to fall 13% from Jan 2011

(ADPnews) - Nov 2, 2010 - The German Federal Network Agency yesterday confirmed a further 13% cut in the solar photovoltaic (PV) feed-in-tariffs (FITs) from January 1, 2011.

The following PV FITs will apply from January 1, 2010 - EUR 0.287 (USD 0.4) for PV systems with a capacity of 30kW or less, EUR 0.273 for PV installations with a capacity of between 30 kW and 100 kW and EUR 0.258 for 100 kW to 1 MW PV systems.

In July this year, the Bundesrat, a legislative body that represents the sixteen federal states of Germany, introduced a 13% cut of the FITs for rooftop systems, 12% for open space facilities and 8% for installations on converted land. Now, the Federal Network Agency confirmed fears of a further subsidies' reduction.

According to the German FITs law, such subsidies' cuts would occur in case more than 6.5 MW of solar PV systems are installed. Without counting new installations in September this year, installed PV capacity far exceeded the set limit, as it amounted to 2,000 MW already in June 2010. From January 2010 to September 2010, new PV installations hit a capacity of 5,250 MW.

(EUR 1 = USD 1.394)

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