Cyprus debt crisis or the benefit of the German photovoltaic industry

Cyprus debt crisis intensified fears that the forthcoming "deposit tax" bailout may inflame, causing capital flight. However, a few happy tears, the recent Bloomberg analysts believe that Cyprus worsened the plight of the German photovoltaic industry maybe is good news for German investors are eager to find a haven of high and stable return than bank mature domestic clean energy The market is undoubtedly an excellent choice.

Cyprus relief conditions, in consultation with the European Union decided to deposit tax levied to the depositors of the bank deposits of more than 100,000 euros, unstable emotions are heating up in Europe. German Chancellor Angela Merkel assured the public that their deposits in the bank is safe, but polls show more than half of the German Prime Minister guarantee does not buy it.

German investors turned to the energy industry, the German solar cell industry made a profit since the Cyprus crisis in Berlin, Germany, Solar Systems, Inc. Milk the Sun GmbH CEO of Felix Klaus said.

Klaus pointed out that German savers deposits over 100,000 euros for the unstable situation in Cyprus is growing concern that they would prefer the hands of money into renewable energy power generation projects, is not willing to risk money in the bank or put them into the stock market. Klaus said: "The investment in renewable energy projects, can identify at least be able to generate returns."

March 28, Cyprus's largest bank, the Bank of Cyprus in the experience of two weeks after the crisis, re-open for business. According to foreign media reports, but fortunately the street does not run on the crowd, orderly people. In exchange for a total of 10 billion euros of EU financial assistance to Cyprus earlier accepted the proposal of the European Union, agreed to deposit tax levied more than € 20,000 depositors of the bank deposits, triggered massive political protest, and led to the Bank of Cyprus on March 16 forced to shut down. Cypriot Parliament subsequently rejected the program. The EU had to relax the terms of the agreement, to deposit tax threshold in the new program will be increased from € 20,000 to € 100,000, more than 100,000 euros deposit savers of the Bank of Cyprus will face losses of up to 62.5%.

Frankfurt School of Finance School of Management professor of economics at Haustein said Roche, the Cyprus crisis has plunged investors, especially German investor confidence in the euro, bank deposits are no longer considered to be without risk, future investment choices will also greatly limited.

According to Bloomberg, the Cyprus crisis, the German solar products trading volume continues to climb. German buy solar panels dealers said Secondsol GmbH, first of all, the most German countryside seniors, the Serbian crisis, then the money in the bank is no longer safe to transfer funds to solar power projects more secure; Secondly, if do not use solar energy, the German average household electricity bill will soar; Finally, Germany may photovoltaic products exports to China increased import duties. Frank Federer, secondsol GmbH CEO, revealed that the performance of the company more than doubled in the past 3-4 weeks.

Another solar dealers ProjectForum4t2 CEO Karsten Chrysler also expressed the same view. Investment in solar project is definitely the future trend, this trend is more evident in 2009, when the Greek debt crisis. "This company three years ago in Hamburg.

Chrysler pointed out that compared to other solar market in Spain, Italy and other developed European countries, Germany's attractiveness to investors is greater, because Germany is, after all, is the largest country of the solar total installed capacity, and policy stability, lower investment risk.

In Germany, solar owners can apply to the Government for the feed-in tariff (feed-in-tariff), the German government subsidies for renewable energy generation original tariff, together with a number of subsidies. But some of the highly indebted countries in Europe it is impossible to provide such subsidies. However, manipulating still reminded: "In Germany, the solar industry is a good investment option, it must be admitted that solar energy is the most glorious era has passed."