FRANKFURT (Reuters) - German solar wholesaler Phoenix Solar offered a cautious short-term view on its domestic market where sector subsidies had helped it post record results in the second quarter.
Demand for solar modules in Germany, the world's biggest solar market, soared in the first half of the year as customers brought forward orders to take advantage of the country's subsidies ahead of large painful cuts.
But demand is expected to fall off at least slightly in the second half as well as next year, prompting sector players including Phoenix Solar, to look for growth in new markets such as the United States and India.
