Sunny days and heightened capacity helped solar power account for 10pc of Germany’s total electricity production in May, an increase of 40pc from the previous year, the Federal Association of the Energy and Water Industry reported.
"Germany’s decision to replace nuclear energy with other sources is proving to not only be possible, but is creating many valuable prospects for the renewables sector,” said Tobias Homann, photovoltaic industry expert from Germany Trade & Invest in Berlin. “The continued strength of the solar market has sparked greater investment from abroad.”
With the support of GTAI, Israel-based solar PV cell company bSolar has established a plant in Heilbronn that produces high-efficiency bifacial cells. The rooftop cells have the ability to produce more electricity at lower costs.
"Germany is one of the largest producers of PV technology as well as the biggest consumer of per capita solar energy worldwide," said Dr Yossi Kofman, co-founder and CEO of bSolar. "Strong demand partnered with a highly skilled workforce, intensive R&D and a political framework supportive of renewables make Germany an obvious point of investment.”
Germany Trade & Invest is the foreign trade and inward investment promotion agency of the Federal Republic of Germany.