The World's #1 Renewable Energy Network for News, Information, and Companies.

New German Solar PV Tariffs the Price to Beat Worldwide

Germany has announced lower solar photovoltaic (solar PV) tariffs for 2012 and the industry has taken the expected step in stride.

The German network agency, the Bundesnetzagentur, announced the new feed-in tariffs for solar PV as part of automatic adjustment of the tariffs based on the amount of solar capacity being installed. Because of continued strong growth in solar PV installations, the new tariffs are 15 percent less than those in 2011.

The German solar industry association, the Bundesverband Solarwirtschaft (BSW), applauded the much anticipated action. "The solar industry has delivered on its promise of delivering more and cheaper solar electricity," said Carsten Körnig, the association's executive director.

The new tariffs maintain Germany's lead as the most rapidly developing market for solar PV at the least cost. Further, the new tariffs bring German solar PV within striking distance of "grid parity," once the holy grail of the solar PV industry — now just another milestone on the way to massive deployment.

Since 2004, German solar PV tariffs have declined by more than 57 percent in effect driving world solar PV prices toward grid parity.

2012 Solar PV tariffs in Germany will rival those for offshore wind. Germany pays offshore wind turbines €0.15/kWh ($0.20 USD/kWh). If offshore projects are installed by 2018, they also receive a "sprinter" bonus bringing total payment to €0.19/kWh ($0.26 USD/kWh). Solar PV installed on brownfield sites in Germany will receive about the same payment as those for offshore wind with the sprinter bonus. However, if the solar project falls into the "other" category in the German system of differentiated tariffs, they will be paid €0.18/kWh ($0.25 USD/kWh), one € cent less than offshore wind.

The equivalent German tariff for solar PV in California — after adjusting for California's greater solar insolation — would be $0.16 USD/kWh.

The new tariffs were determined by the network agency after analyzing solar PV growth for the fiscal year through the 3rd quarter of 2011. Through September, Germany has installed nearly 3,400 MW from 130,000 systems in the calendar year. At the current rate of growth, analysts expect Germany to install as much as 5,000 MW of solar PV by the end of the year. The Solar Energy Industries Association (SEIA) expects the US to install up to 2,000 MW in 2011. Industry analysts expect China's 2011 installations to rival, if not exceed, those in the U.S.

RELATED ARTICLES

Renewable Energy Finance

Clean Energy ETFs Are on a Tear

Eric Balchunas, Bloomberg Green investing used to be synonymous with losing money. But while the S&P 500 Index is up 2 percent this year, and the MSCI All-Country World Index is up 5 percent, clean energy ETFs have double-digit re...

Wheels, Towers and Trees: Unconventional Renewable Energy Technologies in the Pipeline

Andrew Williams, International Correspondent A number of companies around the world are developing novel technologies in an effort to grab a slice of the global renewable energy market.  Although many of these technologies are simple incremental improvements to e...
UK Parliament Clean Energy Leaders

UK Government Names Clean Energy Cabinet Members

David Appleyard, Contributing Editor With the UK general election now over and a majority Conservative Party government in place, the re-elected Prime Minister David Cameron has now named key members of the government charged with steering the UK’s clean energ...
Microgrids

Coast to Coast and Across the Electric System, Microgrids Provide Benefits to All

Dick Munson, Environmental Defense Fund At the most obvious level, microgrids could disrupt today’s utilities and their regulated-monopoly business model, because they challenge the centralized paradigm. In a nutshell, microgrids are localized power grids that ha...
Paul Gipe has written extensively about renewable energy for both the popular and trade press. He has also lectured widely on wind energy and how to minimize its impact on the environment and the communities of which it is a part. For his efforts,...

CURRENT MAGAZINE ISSUE

03/01/2015
Volume 18, Issue 3
file

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

EU PVSEC 2015 (European PV Solar Energy Conference and Exhibition)

The EU PVSEC is the largest international Conference for Photovoltaic re...

CA Wine Industry's 2015 Solar Update- WEBINAR

Proceeds from event registration will go to the CA Sustainable Win...

Energy Security: Opportunity Power with the Sunny Boy Secure Power ...

Wouldn’t it be great to have a grid-tied inverter that could still...

COMPANY BLOGS

EU PVSEC 2014: Call for Papers Receives Great Response

More than 1,500 contributions apply for presentation in AmsterdamScienti...

EU PVSEC 2014 extends its Scope

Added focus on application and policy topicsAbstracts for conference con...

Harnessing the #ElonEffect: Deconstructing the PR Success of Tesla’...

As most of the world has heard by now, Tesla and its co-founder, Elon Mu...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS