FRANKFURT (Reuters) - Germany's solar market remained stable last year compared with 2010, the country's main industry association BSW said, suggesting demand for modules remains high despite large cuts in support for the sector over the past two years.
BSW cited mild weather, low prices for solar modules, falling subsidies and the fear of further incentive cuts as the main triggers for booming demand, as customers try to take advantage of guaranteed incentives while they are still relatively high.
It said that according to preliminary estimates, new installations were expected to remain stable versus 2010, when solar installations reached a record 7.4 gigawatts (GW), which was nearly half of the world's total of 16.6 GW installed.