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.

Read more at Solar Energy Industry Today:

Latest Q-Cells news – http://solarenergy.einnews.com/news/q-cells

Located at http://solarenergy.einnews.com, Solar Energy Industry Today is a service of EIN News, an industry leader in news monitoring for business professionals and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest solar energy news from around the world, saving them valuable time they’d spend searching for information. New users to Religion Today can enjoy a no-obligation, one-week free trial.

About EIN Presswire
The EIN Presswire press release distribution service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for leading journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals in more than 80 different industries. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the newest business news at http://www.einpresswire.com and the latest world news in more than 80 different industries at http://www.einnews.com.