Germany Solar PV Market Growth Amidst Financial Crisis

Germany Solar PV Market Growth Amidst Financial Crisis

Summary

German Solar Photovoltaic (PV) market has grown at a remarkable rate over the past few years, thereby making Germany the global Solar PV leading nation. The solar PV installed capacity in the country reached a mark of 5,337 MW by the year end 2008. The stupendous growth observed by the German market is fundamentally due to the substantial investment and government subsidies in recent years. However the global financial in the second half of the year 2008 has definitely left a void in the world of renewable energy financing and German Solar Photovoltaic (PV) sector is no exception.

Scope

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