February 23, 2010 /EIN PRESSWIRE/ The German government is looking to cut its subsidies for solar energy, leaving much doubt about the growth of its solar energy sector.
According to Reuters, Germany accounted for half of the $24.5 billion global market for photovoltaic installations but is looking to cut its pricing incentives as early as July 2010.
Q-Cells AG, the German solar energy giant, posted a bigger-than-expected loss on Tuesday and advised that it is unable to predict prices for the months ahead. The company has slipped from the world’s largest maker of solar cells to number four over the past year.
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