German PV FIT to fall by 1.8%

Feed-in tariffs (FITs) for PV installations in Germany will decline 1.8% each month from May through July, the Federal Network Agency said, as new installations in the country continued to exceeded government targets.

“The elevated extension of PV installations continues,” says agency president Jochen Homann. “Just in March, a mark of 290MW was reached.”

In February, Germans installed 211MW, and in January 274MW of solar power.

The degression will take effect after new installations continued to run above a government-set target corridor of 2.5GW-3.5GW of new capacity annually, but is less than the 2.2% decline in the preceding three-month-period, as overall installations slowed somewhat during the nine months through March to 3.98GW.

The high level of installations for most of last year had prompted a change in legislation that provides  for a faster degression of FITs Log in to read complete article.

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