Solar energy will continue its rapid expansion in Germany in the next four years, but the resulting increase in power prices will only be marginal as subsidies and component prices are set to decline further, the country's solar energy association said Thursday.
Solar energy will continue its rapid expansion in Germany in the next
four years, but the resulting increase in power prices will only be marginal as
subsidies and component prices are set to decline further, the country's solar
energy association said Thursday.
"The share of solar energy in
Germany
's
electricity mix will...rise 70% over the next four years to around 7%, from
roughly 4% at present," said the industry group BSW.
The continued rapid expansion of solar power production, however, will increase
electricity prices by only 2% in the same period, the Bundesverband
Solarwirtschaft, or BSW, added, citing, results of a survey conducted by
consultancy Prognos AG.
The comments come amid renewed criticism of
Germany
's
subsidy mechanism to promote the relatively nascent photovoltaic solar
industry.
Earlier this week the country's power network regulator said
Germany
added
around 7.5 gigawatts of new solar-power generation capacity in 2011, exceeding
the previous record level in 2010.
Critics have responded to the most recent boom in solar energy by renewing
their calls for containing the technology's advance by capping the amount of
solar power generation capacity.
The BSW, however, Thursday rejected any demands for further reduction in solar
energy subsidies.
"The costs for the expansion of photovoltaic [solar energy] are under
control, due to the previously realized reduction in subsidies," said BSW
president Carsten Koenig in a written statement.
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