Solar Optimism Wavering in the New Year
The “Bedford Report” which releases regular market updates on the Solar industry says that Germany consumes more than half the world's supply of the modules that turn sunlight into electricity. Growth is expected to cool in the years ahead to between 3 and 5 GW per year.
As a New Year kicks off, the solar sector appears to be marred with uncertainty. In recent months the sector has pulled back from November highs, as reports have signaled declines in government subsidy support from European nations such as Germany and France.
Solar bulls argue that smaller solar markets -- such as the US -- will help offset any declines in consumption from key European markets. The Bedford Report examines the outlook for companies in the Solar Industry and provides research reports on JA Solar Holdings and Trina Solar.
Last month the Obama administration extended subsidies for solar and wind projects under the Treasury Grant Program. The program provides commercial solar installations with a cash grant in lieu of the 30% solar investment tax credit.
Since being passed to law in 2008, the program has helped more than one thousand solar projects and supported close to $18 billion in investments. Additionally the program played an important role in setting the market environment that allowed the US solar sector to double last year.
The Bedford Report releases regular market updates on the Solar Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns.
Presently Germany consumes more than half the world's supply of the modules that turn sunlight into electricity. The head of Germany's BSW solar industry, Carsten Koernig, recently said that the country added a record 8 GW of solar power in 2010, however he added that he expects growth to cool in the years ahead to between 3 and 5 GW per year.
The Bedford Report provides analyst research focused on equities that offer growth opportunities, value, and strong potential return and acts as an independent research portal.