Germany s solar panels produced record amounts of electricity exacerbating market forces that were already hammering the profitability of the country s remaining coal plants gin clear skies.
Germany solar power customers pay for solar panels.
Many people took out loans to pay for panels on the promise they would save thousands of pounds in electricity costs and make money generating power.
Pay later operators in the solar business funded ms hunn s panels.
Thousands of people who bought solar panels have complained to a financial watchdog that they are not bringing them the returns they were promised.
Depending on the type of installation and the sun s intensity generating one kilowatt hour kwh with solar panels can cost no more than 3 7 eurocents it says.
Solar power has become the cheapest mode of power generation in germany according to research institute fraunhofer ise.