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“Falling Value of the Euro

The European solar market grew by 87% to 2157 megawatts of capacity in 2007. Germany and Spain are two of the leading global markets for solar energy due to highly supportive governments. Germany has a very strong feed-in tariff program. Utility companies in Germany are required to pay solar system owners more than the standard retail rate for electricity generated from solar energy. Spain enjoys ideal weather conditions for solar energy, has a solar rebate program, and also reimburses solar system owners generously for electricity fed to the power grid. Europe is a very important market to the solar industry and its influence can have rippling effects on the entire market.” source...