A survey by national solar power lobby group

By Muhammad Sudhir Chaudhry – Deputy Bureau Chief Lahore

22nd November, 2019

Business sentiment in the German solar power industry continues to be positive after the announcement of conditions more favorable to the industry in the government’s climate package this autumn.

A survey by national solar power lobby group BSW Solar has revealed. “The removal of the 52-gigawatt [GW] support cap, decided by the federal cabinet as part of the climate package, is creating confidence,” said BSW managing director Carsten Körnig. “We expect a rapid increase of PV expansion targets in the Renewable Energy Act [EEG].”

After a boom period in the early 2000s, Germany’s solar power industry experienced a severe setback after 2010 due to falling support rates and cheaper competition from panel producers in China.

However, falling costs also boosted the interest of investors in solar technology, leading to a resurgence in the industry’s business climate and expansion figures in Germany. With this autumn’s Climate Action Programme 2030, the government decided to double solar power capacity to 98 GW by 2030 (about 48 GW in 2019).

Atta Ur Rehman Khan

Web Editor & Columnist, BOL News conributed to the story


You May Also Like

PIA
28th Jan, 2020

PIA manages to get rid of its default payments : PSX

Pakistan International Airlines (PIA) manages to improve its position in Pakistan Stock...

kinow
28th Jan, 2020

Govt. to increase export of Kinnow: Provincial Minister

The Government of Pakistan Tehreek e Insaf (PTI) will increase the export...

Monetary policy
28th Jan, 2020

Monetary policy announced: Inflation unchanged at 11-12% for the full fiscal year 2020

State Bank of Pakistan (SBP)  has announced Monetary policy for the next...

Business in Pakistan
28th Jan, 2020

Business in Pakistan at risk

Business in Pakistan at risk as majority (60%) business owners think Pakistan...


Latest News

Kingdom Saudi Arabia
28th Jan, 2020

Israeli passport holder can’t visit the holy land

Kingdom Saudi Arabia has confirmed that Israeli passport holders were not permitted...

Bosnia extends diplomatic support to Pakistan on Kashmir dispute
28th Jan, 2020

Bosnia extends diplomatic support to Pakistan on Kashmir dispute

Bosnian Ambassador to Pakistan Sakib Foric called on Speaker National Assembly Asad...

Direct sale and purchase of PSL 2020 tickets have started from today!
28th Jan, 2020

PSL 2020 Direct Sale Tickets Begins From Today

Direct sale and purchase of PSL 2020 tickets have started from today!...

CoronaVirus
27th Jan, 2020

CoronaVirus threat: PM House sent summary to relevant departments

The Prime Minister's Office has sent a letter to the relevant ministries...