as much as I sometimes dislike Eric Rosenbaum and some of his slanted articles on (apwr), Eric delivers a solid article here where he cites the ''Feed In Tariffs'' and Germany and France and Spain cutting their solar tariffs!
FSLR , SPWRA , YGE , TSL , STP
PARIS, France (TheStreet) -- France today announced that it is cutting its solar feed-in tariff for rooftop systems from 55 euro cents to 42 euro cents, a 24% reduction in its solar-incentive system. Solar companies and investors have been in panic mode about an upcoming feed-in tariff cut from Germany, the world's biggest solar market by far, but the French reduction is significant.
There are some important distinctions to be made between France and Germany's solar markets. First and foremost, France is a blip compared to Germany on the solar power global grid. Germany represents between 50%-60% of the global solar market, while France, even breaking into the Top Ten in 2009, represents a mere fraction of Germany's solar dominance.
However, France is a growing solar market, and an important one, so the feed-in tariff reduction is reason for solar companies to pause and reflect on the significance of a 24% reduction. It probably won't keep solar companies from chasing business in France, though.
The big solar players like First Solar(FSLR Quote), SunPower(SPWRA Quote) and the Chinese solar gang led by Yingli Green Energy(YGE Quote), Trina Solar(TSL Quote) and Suntech Power Holdings(STP Quote) are all anxious to exploit new feed-in tariff geographies ahead of the German tariff reduction.
Solar companies were taking a beating on Wednesday, too, led by a retreat in Yingli of more than 6%. Solarfun Power(SOLF Quote) was also down more than 6%. Trina was down more than 4%.
- Loading Comments...
- Add Comment
Disclosure: Author is long APWR