“Solar industry expects new upswing despite Solarworld’s insolvency”

The German solar industry is confident that the country’s renewables expansion targets and the growing impact of energy storage solutions will boost the sector’s progress, Welt Online reports. Carsten Körnig, head of the German Solar Industry Association (BSW), said the recent insolvency of Germany’s former solar champion SolarWorld had been “bitter news” but did not mean that there was no growth prospect for the sector. “A robust upswing is in the offing,” Körnig said. A main driver for this was the fall in prices of energy storages that are capable of balancing solar power’s intermittent power supply, Körnig explained.

Read the article in German here.

See the CLEW article Last major German solar cell maker surrenders to Chinese competition for more information.