SCHOTT cautious over impact of German feed-in tariff cuts on solar business

With the majority of its broad-based businesses showing recovering sales, SCHOTT expects double-digit sales growth for the current fiscal year. Its Concentrated Solar Power (CPV) receivers for solar thermal parabolic trough power plants are also showing significant growth, according to the company. However, Professor Udo Ungeheuer, the Chairman of the Board of Management said in a business update that proposed German feed-in tariff cuts has left the market feeling extremely insecure.

“Thanks to its high-quality modules that continue to deliver far more than 90 percent of their rated output, even after 25 years, SCHOTT Solar is well-prepared to cope with the new situation,” noted Prof. Ungeheuer.

He also noted in the business update that the company would continue to appeal to German politicians to ‘show greater understanding for the situation of the German photovoltaic industry, particularly with respect to cheap competition from Asia.’