German Solar Installations Outpaced Government Targets Last Year

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Solar installations in Germany increased to record levels during the first 11 months of 2012, reaching 7,274 MW.

This total is more than double the amount targeted by the country's government, according to Bloomberg's analysis of data from federal grid regulator Bundesnetzagentur. The government had sought to place a cap of 3,500 MW on new solar projects.

However, the pace of installation is slowing, Bloomberg adds. November installations totaled 435 MW – down from 659 MW in November 2011.

Last June, the government finalized cuts to the country's feed-in-tariff program, following an extended battle.

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