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  • German solar feed-in tariff to sink another 15%
    The German Minister for the Environment, Norbert Röttgen (CDU) says the feed-in tariff for solar electricity will be reduced – against the warnings from the industry – by a further 15%.

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Centrosolar revenue down 7% in 2009

Centrosolar Group AG has posted provisional results for 2009 recording €309 million in revenues, down 7% from 2008.

Sales of solar modules reached 87 MWp for the full year, up 47% from 2008.

Reduced feed-in tariff in Germany

With regard to the changes to the solar feed-in tariff being discussed in Germany, Centrosolar says “the reduction currently being mooted will have considerable consequences, particularly for solar businesses with a strong emphasis on Germany.

“Overall, it will drastically weaken the German solar industry's ability to compete internationally and cost jobs. “

Centrosolar says it will await further developments on the solar feed-in tariff before it makes any forecasts for the current financial year.

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