iSuppli forecasts impact of Germany’s FiT cuts in 2010
With the extra feed-in tariff cuts due to kick-in in April this year, iSuppli Corps Senior Director and Principal Solar analyst, Dr. Henning Wicht expects a significant rush to install PV systems before FiT changes cause a dramatic fall in demand. Wicht is projecting installations to reach approximately 1GW in the first quarter, then will plummet to only 50MW in April and remain at the 100MW level in May and June. However, a recovery in demand is expected with a forecast of 2.7GW of total installations in 2010. “Germany’s decision to cut its solar subsidies in the second quarter will make installations less attractive for the country’s consumers,” commented Wicht “Because of this, German consumers will rush to make solar installations in the first quarter and then stop in the second quarter. As a result, iSuppli anticipates the German market will overheat during the first three months of the year and then collapse during the next three months.” Wicht told PV-Tech that the reason for a ...