Market for Solar Power Shrinks

BusinessCommodities ♦ Published: February 20, 2012; 19:21 ♦ (Vindobona)

The Austrian renewable energy market showed a substantial slump in 2011. Subsidies were cut considerably.

Market for Solar Power Shrinks / Picture: ©

Already one out of seven single family homes is equipped with a solar energy plant. Only Israel, Cyprus and Barbados have more solar collectors per head, says Roger Hackstock at Verband Austria Solar.

However, for the second time in a row, the Austrian solar market shrinked. This is mainly resulting in a cut in subsidies in Lower Austria, which is the biggest inner-Austrian…