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Solar Power Supplies Sold Out in Germany
photo by Ceinturion (Image source: Wikimedia Commons)
Germany’s Renewable Energy Sources Act has required power companies to buy all the energy produced by anyone making renewable power, at a fixed above-market price for 20 years. As the financial crisis starts to ease in Germany, homeowners and solar investors are clambering to get into the action before 2010 when the Feed-in Tariff rates will step down 10%.
Due to the surge of demand among consumers, German supplies for solar panels, parts and other equipments are completely sold out. In 2008 alone, one third of the world’s 15 GW of solar power was from Germany. By this year, 3 GW of installed solar equipment will propel the nation to half of the world’s solar power producer. Read the full article here
By Maria Belgado
Tags: Germany, renewable energy, Renewable Energy Sources Act, solar power
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