Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact firstname.lastname@example.org.
SOURCE Germany Trade and Invest
BERLIN, June 18, 2014 /PRNewswire/ --
"German solar demonstrated just what it is capable of in the first two weeks of June," says Tobias Rothacher, expert for renewable energies at Germany Trade & Invest, the country's economic development agency.
The latest analysis from the Fraunhofer ISE solar energy research institute shows that photovoltaic systems generated a record 24.24 GW between 1 and 2 pm on Friday, June 6 and a total of 1.26 TWh over the entire week.
On June 9, which was a national holiday in Germany, solar power production peaked at 23.1 GW, which equaled 50.6 percent of total electricity demand - setting another milestone.
"The large amounts of solar electricity being generated demonstrate clearly that Germany will need more energy storage capacity in the future. Already, the more than 1.4 million photovoltaic systems are producing a surplus, especially on sunny days around midday," Rothacher says.
"From now on, every new solar system that is installed in Germany increases the need for electricity storage solutions. The cost of storage systems is forecast to drop in the coming years and this means that storage is not only becoming more necessary - it is becoming more attractive from a financial point of view as well."
Experts from GTAI will be at Energy Storage China from June 23-24 in Beijing to advise international investors about relevant opportunities in the German market.
Germany Trade & Invest is the foreign trade and inward investment promotion agency of the Federal Republic of Germany. The organization advises foreign companies looking to expand their business activities in the German market. It provides information on foreign trade to German companies that seek to enter foreign markets.
©2012 PR Newswire. All Rights Reserved.