German solar cell companies are threatened with bankruptcy. Their revenues are close to zero, because as a result of crisis the demand for solar cells dropped drastically. Although households consider solar cells worth investing in, investment organizations are not interested in this field.
Today solar energy, generated in Germany, constitutes 1 per cent of the total country’s energy mix, although this branch is being sponsored by the government. The situation is worsened by the fact that new center-right coalition government is more interested in preserving nuclear reactors rather than in development of solar energy. The German producers’ business is undermined by Chinese competitors, who keep conquering new markets.
Still, Germany and Spain remain world leaders in using solar energy – they receive 4,000 and 600 MW of solar energy correspondingly. However, the Germans consider wind power to be the most prospective type of energy. In the nearest decades the country plans to build about thirty offshore windmills in Baltic and North seas. They are expected to generate about 11,000 MW of electricity per year.
