German solar energy competitive by 2014- Q-Cells

The chief executive of Germany’s Q-Cells, the world’s largest solar cell maker, said on Sunday he believed that solar energy could be competitive without subsidies in Germany by 2014.

“My assessment is that we can talk about 2014,” said Anton Milner in an interview with Sunday paper Frankfurter Allgemeine Sonntagszeitung (FAS).
He also said that the Italian and Spanish markets could perhaps reach that goal as early as 2011 or 2012, as production costs of conventional thermal energy were rising due to increasing environmental costs, and in line with record oil.

Subsidies to the German solar industry were cut last month by eight percent for each of the next two years, and by nine percent in 2011.

This was far less than the industry had feared after some conservatives had pushed for a 30 percent decrease in 2009.

Milner said the subsidy cuts should still hurt.

While production costs had been cut by 30 percent over the past five years, increases of the most important raw material, silicon, had eaten up 11 percent of the savings alone, he said.

Reuters