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It Looks Like Europe Is Going Off The Solar Energy Demand Cliff
Business Insider ^ | 01/12/2013 | Lisa Mahapatra

Posted on 01/12/2013 11:14:47 AM PST by SeekAndFind

Ever since the German government started subsidizing solar energy, demand for solar installations went up like clockwork, towards the end of each year.

But recently released data from German regulators shows that number of solar installations in December 2012 was down 88% from the previous year.

In fact, 2012 saw the lowest number of installations since 2008.

And it still wasn't as low as the German government would have liked. The German government wants to cut back on solar energy installations because their whole drive to switch to renewable energy has ended being far more expensive that they thought it would be. Which is why they have been aggressively cutting back on subsidies, according to a report from JP Morgan Securities:

"The lack of a year-end installation rush in Germany likely indicates that Feed-in-Tariff (FiT) cuts are having the desired effect and demand and will trend meaningfully lower from now on."

solar demand germany

JP Morgan Securities

This is a sure sign that Europeans are going to want to spend a lot less on solar energy, and that's going to have quite an effect on the global demand for such installations:

"Germany accounted for about a quarter of global Solar PV demand in 2012 and was by far the largest single market. Global Solar PV demand was expected to be approximately 30GW in 2012, with Germany being the largest single market. Outside of Germany, China, Italy, the US, and Japan were the largest markets—all expected to come in less than 5GW. Italy has also been taking aggressive action to limit new solar installations."

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: environmentalism; europe; solarenergy

1 posted on 01/12/2013 11:14:54 AM PST by SeekAndFind
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To: SeekAndFind
I see a "Downfall" parody that needs to be done.

"Solar installations are down in Spain, in America, and in the UK."
Hitler, waving his hand dismissively, "It doesn't matter. Germany alone is installing vast amounts of solar energy infrastructure."
[Worried glances back and forth across the bunker]
"Mein Fuhrer ..."

2 posted on 01/12/2013 11:22:50 AM PST by ClearCase_guy (Nothing will change until after the war.)
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To: SeekAndFind
Liberals or Leftist are never held accountable for their failures. It’s like, ho hum another failure, so what?, we’ll just move onto something else (like the carbon credits scam). It never ends.
3 posted on 01/12/2013 11:22:56 AM PST by Flavious_Maximus
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To: SeekAndFind

Of course, we do realize the science never was on the side of solar. This movement always was political; stick it to oil! Go green! All that was all well and good but the moment the discussion turns to efficiency or even cost-effectiveness...they lose!


4 posted on 01/12/2013 11:34:37 AM PST by stormhill
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To: stormhill
Of course, we do realize the science never was on the side of solar. This movement always was political; stick it to oil! Go green! All that was all well and good but the moment the discussion turns to efficiency or even cost-effectiveness...they lose!

Honestly, when does a leftie EVER care about cost-effectiveness or efficiency? It doesn't matter what the subject, spend more money is always their answer.

5 posted on 01/12/2013 11:42:03 AM PST by LibertarianLiz
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To: SeekAndFind
that's going to have quite an effect on the global demand for such installations:

Good, I'll take the panels. I offer 25 cents a watt.

6 posted on 01/12/2013 12:13:28 PM PST by palmer (Obama = Carter + affirmative action)
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To: SeekAndFind

‘Change’ is a b*tch sometimes.

Unforeseen Circumstances .. unintended price hikes and shortages, all due to exuberance?

No.

Progre$$ive agenda in action. wake up america.


7 posted on 01/12/2013 12:42:07 PM PST by NormsRevenge (Semper Fi)
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