Bloomberg News

Solarworld Says German States Study Favoring Domestic Industry

May 18, 2012

German states are studying setting content rules for solar power products favoring local producers, according to the head of Solarworld AG. (SWV)

Strategies “are being considered by the states,” in talks with the central government on future industry subsidies, Solarworld Chief Executive Officer Frank Asbeck said.

Germany should introduce “local content rules similar to those in Greece or Italy” to help the industry, Asbeck said. KfW Group, Germany’s state development bank, could offer project developers better financing when using domestic panels, he said.

Governors voted May 11 to send Chancellor Angela Merkel’s plan to reduce solar incentives to parliamentary arbitration, saying it would pressure local manufacturers as Chinese rivals led by Suntech Power Holdings Co. grab market share. Four German solar companies including Q-Cells SE (QCE), once the world’s biggest cell maker, have filed for creditor protection since December.

To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


Race, Class, and the Future of Ferguson
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus