SOURCE: Industrial Info Resources

Industrial Info Resources

March 03, 2011 02:45 ET

European Solar Power Market Faces Tough Times, an Industrial Info News Alert

GALWAY, IRELAND--(Marketwire - March 3, 2011) - Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) -- The reduction in government incentives and feed-in tariffs (FiTs) for solar photovoltaic (PV) projects will significantly hit the solar sectors in some of Europe's largest markets in 2011 and beyond.

Germany, the largest solar market in the world, will be hit the hardest according to the European Photovoltaic Industry Association (EPIA). Speaking exclusively to Industrial Info Europe, Marie Latour, national policy advisor at EPIA, said: "We are expecting the reduction of the support scheme in Germany to have an impact mainly from the second half of this year, depending on how much the FiT will be reduced in July this year. This reduction could be up to 15% already. We expect the German market to stagnate in 2011, reducing by 1-2-gigawatts (GW) maximum from 2010 levels."

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Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to europe@industrialinfo.eu or visit us online at Industrial Info Europe (http://www.industrialinfo.eu).

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