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Sunday, August 2, 2015

Germany paid for the world to have cheap Photovoltaic Electricity!

In reply to the following question:

Because in the 1980's Germany realised that coal, oil, gas and nuclear energy would be unaffordable by 2020 and they decided to do something about it.

In 1991, they implemented Feed In Tariffs (FITs). At the time the FITs would have been R12 if they had been in the City of Cape Town, whereas Cape Town electricity was 10 cents per kWh in those days.

Germany saw the big picture and created the word's biggest supplier and experts of Renewable Energy equipment. Germany essentially paid for the rest of the world to have cheap electricity!

Germany decided to get to 20 by 2020, ie 20% Renewable Energy by 2020. They got there in 2013 and change 20 to 30 by 2020. Last year they got to Grid Parity with Grid Tie PV and started incentivising Battery Based Systems.

See attached graph which shows the graphs over the past few years:

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