Silver Industrial Demand: Solar Energy On The Rise In Germany DW

Silver Industrial Demand: Solar Energy On The Rise In Germany  DW

The recent solar boom means the alternative form of energy now reaches 8 million homes in Germany, a 45 percent increase compared to 2011, the German Solar Industry Association (BSW) said on Tuesday.
"Germany is now reaping the fruits of its efforts in solar technology," said the BSW's chief executive, Carsten Körnig. "Its share of the power supply has quadrupled in just three years. At the same time, the price of a new solar power system installation has halved."
The new numbers come as a consumer tax increase on energy takes effect. Starting this month, taxes will increase on consumer power bills from 3.6 euro cents ($4.76 cents) to 5.3 cents per kilowatt hour in a bid to help finance the cost of the country's switch to renewable energy.