Press release
Milton Financials: German solar wholesaler Phoenix Solar sees demand for solar modules improving in last quarter.
Phoenix Solar CEO expects an increase in demand in the final quarter f 201 but does not see booming demand in Germany.Leading German solar manufacturer Phoenix Solar has told Milton Financials that it expects demand for solar modules to rebound after a dismal third quarter in Germany, the globes largest solar market, but it does not expect a strong rally as the year closes.
"We still expect good business at the end of the year, but it won't be a year-end rally," Phoenix Solar's Chief Executive Andreas Haenel told Milton Financial sources recently.
Because of higher sector subsidies many German customers flocked to buy solar modules in the final three months of last year, when almost 60% of full-year solar capacities was added.
With feed-in tariffs playing a strong role, demand for solar modules soared in 2010, bringing the total of new installations to about 5.4 GW in the first nine months, as compared with 3.9 GW for the entire 2009.
A hefty one-off cut after July , however, caused a major decrease in the third-quarter, Milton Financials has learned from data available from the German network agency which indicates that new installations of solar power decreased to 1.52 GW, less than half the record 3.14 GW added in the second quarter when subsidies were still full strength.
Because of the decline, many solar firms including Phoenix Solar, Solar World and Q-Cells have had to turn their focus beyond German borders, Milton Financials has learned.
"The international business has grown significantly in the third quarter, but cannot offset the decrease in our domestic market," Haenel told reporters, declining to give further details ahead of the company's results on November 10.
Milton Financials is a dedicated, independent broker providing the market insight and investment advice that corporate, institutional and private clients trust.
1006 - 1011
Alexandra House
18 Chater Road
Central
Hong Kong
Tel: +852 81 70 04 57
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Milton Financials: German solar wholesaler Phoenix Solar sees demand for solar modules improving in last quarter. here
News-ID: 150566 • Views: …
More Releases from Milton Financials
Milton Financials: Tidal energy could meet 10% of the U.S.’s total energy dema …
Using the earth’s ocean tides could provide about 10% of America’s electricity needs, through affordable, renewable energy according to industry specialist.
While advocates of renewable energy agree that widespread use of tidal energy may still be some years away they emphasize that tides and other hydrokinetic systems including ocean waves and free flowing rivers could, in the not too distant future, be providing even more electricity than what hydro-electric projects currently…
Milton Financials: Vladimir Putin says Russia and China close to reaching natura …
Negotiations are expected to conclude in mid-2011 after five years.
Russia and China have are close to reaching an agreement on a natural gas supply deal, Milton Financials sources report Russian Prime Minister Vladimir Putin as having said recently.
Speaking after talks with his Chinese counterpart, Putin told reporters that while a final pricing agreement is not expected until next year negotiations between Russia’s Gazprom and China National Petroleum Corporation on the…
Milton Financials: Thailand’s oil major PTTEP buys a $2.2 bln Statoil sands ve …
Foreign oil and gas fields become the focus for Thailand’s largest energy explorer.
Milton Financials has learned that PTT Exploration & Production Plc is set to acquire a 40% stake in Statoil ASA’s oil sands project in Canada for $2.28 billion making it the biggest acquisition by a Thai company.
Statoil is to retain 60% of the Kai Kos Dehseh project, the two firms announced in recent statements, adding that the deal…
Milton Financials: Energy XXI acquires 9 Exxon Mobil oil and gas fields in Gulf …
This latest $1.01 billion deal will see oil and gas exploration company Energy XXI’s reserves boosted and increase its production by over 70 percent.
Milton Financials has been informed that the oil and gas exploration company Energy XXI has agreed to acquire nine of Exxon Mobil’s shallow water oil and gas fields in the Gulf of Mexico. The fields are situated on the Gulf’s continental shelf, an area considerably cheaper and…
More Releases for German
Find the best conditions for your German mortgage with Your German Mortgage
During times of the Coronavirus, we are here to help you with finding the right financing for your property.
Special times call for special measures, that's why it's now more important to find a trustworthy and experienced mortgage broker than ever.
We got you covered from finding your property of dreams all the way to financing it.
To ensure that, we have experts in almost every German major city,…
German Maritime Security 2018, German Government Statement!
Despite all international and national efforts, piracy remains a serious peril for the international shipping industry.
Especially in Asia (i.e. Chittagong/Bangladesh or on the Strait of Malacca), but also in South America (e.g. Bay of Santos/Brazil or in the port of Callao/Peru) robbery or piracy there has recurred in the recent past. At the West African coast the number of incidents had raised even by 50% with 66 incidents this…
More German Investments Mean More German Translations
Why Language Continues to be an Obstacle for Investing in Germany
Germany is one of the prime markets for foreign investments, with an estimated 4% of global direct investment making its way into the country. In fact, the world’s second richest man, Warren Buffett, who is only beaten to the top spot on the financial leaderboard by Microsoft Founder Bill Gates, believes Germany to be a ‘great market’, and confirms the…
German Design Award 2015
German Design Council Awards a Special Mention to the LR 1000 Laboratory Reactor and Nominates the Tube Mill
Staufen, Germany, February 23, 2015 —
For the second time, a device produced by IKA® Werke has received the "Special mention for exceptional design quality" award from the German Design Council.
The company was presented with the award in the "Excellent Product Design — Industry" category as part of the German Design Award 2015…
German Local Trade Tax
All the companies in Germany are liable to pay not only corporate income tax, whose rate is nowadays about 15% of the annual profit of the company, but also trade tax (Gewerbesteuer), which is a tax of German characteristics.
Why would we say that trade tax is of German characteristics? Because it is different from the corporate income tax, which is charged by the German Federal Government and it is difficult…
ISPA – German Masters 2008
Magdeburg – Over the long weekend of the 4. Mai more than 1.000 Skat players filled the Mittelland hall in Barleben. The tournaments of the 30. German Mastery and the 27. open International German Single Mastership were held by the International Skat Players Association, ISPA Germany. Patrons of the Games were the 1st Barleber Skat sports club e.V. and the Skat club \"Burger Ihleskater\", whose good organization together with the…
