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Germany posts record H1 rise in solar capacity

Tue, 07/27/2010 - 10:27am
Reuters

BERLIN (Reuters) - Germany added a record of about 3.4 gigawatts (GW) of photovoltaic capacity in the first half of the year, equivalent to three big coal or nuclear power plants, the German Federal Network Agency said on Tuesday.

That included approximately 1.7 GW in June alone ahead of changes in laws that accelerated cuts in the feed-in tariff utilities pay to generators of renewable energy.

The looming cuts in the feed-in tariff and lower prices for solar panels sparked a surge in investment, as capacity installed before the cuts enjoys the old higher tariff for 20 years.

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