German Solar to Gain From Cyprus Crisis as Investors Seek Safety

Germany’s solar industry is set to benefit from the financial crisis in Cyprus as investors seek a haven in the guaranteed returns provided by clean-energy plants.

Milk the Sun GmbH, a Berlin-based company that links buyers and sellers of solar projects, had the most inquiries in a year on March 26 as Germans sought to invest, said Chief Executive Officer Felix Krause. That day Cyprus prepared to impose capital controls and a tax on bank deposits of more than 100,000 euros ($128,000).