Willenbacher said overseas sectors such as the US, India and Thailand are “working very well”, in contrast to a collapsing PV market in Germany that hardly contributes to the company’s business anymore.

Juwi had earlier said that it expects to install less than 10MW in Germany this year, down from around 100MW in 2012, due to the combined effect of cuts to feed-in tariffs there last year and rising panel prices in the wake of EU anti-dumping tariffs against Chinese PV kit.

Despite