The Austrian PV market grew by almost 40 % in 2003 thanks to a highly attractive buy-back rate of 60 Eurocents/kWh for systems under 20 kW (see PV Power #18).

As anticipated, however, since the cap on the amount of PV that can be supported under the Green Electricity Act ‘Ökostromgesetz’ was reached in January 2003, comparatively little additional capacity was installed during the rest of the year. On the bright side, despite the market uncertainties, two manufacturers commenced production in Austria in 2003.

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