German Solar Industry Predicts Turnaround

The German solar industry expects a recovery in the second half of this year, according to a Reuters report. 

German solar firms like others around the globe suffered in the first quarter. But executives seem to think that period marks the bottom and that business is picking up in the second quarter.

Dieter Ammer, Chief Executive of Conergy–Germany’s second-largest solar company by revenue–said, "We have already seen a slight upturn in the market in March. In the second half of the year, at the latest, we expect business to pick up considerably."

Phoenix Solar, Aleo Solar and analysts support the view. 

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