Recently, the German Bank of KfW (KfW) announced that since the bank launched its photovoltaic battery promotion project, the number of photovoltaic batteries installed in the application for the project has exceeded 10,000, and the loan amount reached 163 million euros. Shu Youhan, the representative of the German Federal Agency for Foreign Trade and Investment in China, told reporters on the 1st that the agency predicts that this market in Germany will grow tenfold in five years.
This market also presents huge opportunities for Chinese investors. At the China Energy Storage International Summit held in Beijing from June 2 to 4 this year, experts from the German Federal Foreign Trade and Investment Agency will give a keynote speech to introduce German business opportunities in this field to Chinese investors.
Since the beginning of this year, the demand for photovoltaic battery promotion projects in Germany has increased by 40% compared with the same period last year, and the number of battery installations has reached 1,800.
KfW Bank provides low-interest loans to users who install photovoltaic systems and photovoltaic batteries. In addition, the bank also bears up to 30% of the purchase cost as a repayment subsidy. At present, more than 20% of new photovoltaic equipment in Germany has installed photovoltaic batteries from the beginning of sales. This shows that the German photovoltaic battery has become a very important supplement to photovoltaic equipment. Experts predict that this ratio will be close to 100% in the next few years.
“The stored solar current will soon be cheaper than the current of ordinary power companies. Customers can enjoy environmentally friendly solar current at night and save money. Although the market has grown rapidly in the past two years, we are still just beginning to expand on a large scale and large scale. Install photovoltaic batteries. We predict that in 5 years, the market will grow 10 times.” Shu Youhan said.
The German Federal Agency for Foreign Trade and Investment is the foreign trade and domestic investment agency of the German Federal Government. This organization provides consulting and support for foreign companies entering the German market, and assists companies established in Germany to enter foreign markets.
Recently, the German Bank of KfW (KfW) announced that since the bank launched its photovoltaic battery promotion project, the number of photovoltaic batteries installed in the application for the project has exceeded 10,000, and the loan amount reached 163 million euros. Shu Youhan, the representative of the German Federal Agency for Foreign Trade and Investment in China, told reporters on the 1st that the agency predicts that this market in Germany will grow tenfold in five years.
This market also presents huge opportunities for Chinese investors. At the China Energy Storage International Summit held in Beijing from June 2 to 4 this year, experts from the German Federal Foreign Trade and Investment Agency will give a keynote speech to introduce German business opportunities in this field to Chinese investors.
Since the beginning of this year, the demand for photovoltaic battery promotion projects in Germany has increased by 40% compared with the same period last year, and the number of battery installations has reached 1,800.
KfW Bank provides low-interest loans to users who install photovoltaic systems and photovoltaic batteries. In addition, the bank also bears up to 30% of the purchase cost as a repayment subsidy. At present, more than 20% of new photovoltaic equipment in Germany has installed photovoltaic batteries from the beginning of sales. This shows that the German photovoltaic battery has become a very important supplement to photovoltaic equipment. Experts predict that this ratio will be close to 100% in the next few years.
“The stored solar current will soon be cheaper than the current of ordinary power companies. Customers can enjoy environmentally friendly solar current at night and save money. Although the market has grown rapidly in the past two years, we are still just beginning to expand on a large scale and large scale. Install photovoltaic batteries. We predict that in 5 years, the market will grow 10 times.” Shu Youhan said.
The German Federal Agency for Foreign Trade and Investment is the foreign trade and domestic investment agency of the German Federal Government. This organization provides consulting and support for foreign companies entering the German market, and assists companies established in Germany to enter foreign markets.
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