The analysts forecast further solar growth for this year, with the Spanish market expected to become Europe’s fifth-largest in 2018.
The German PV company aims to finalize the proceedings, which are possible under German insolvency law since the summer of 2012. Business operations are expected to run at full capacity.
In a short chat with pv magazine, the head of Eon’s solar business in Germany, Sebastian Eisenberg has described how the German utility is planning to further develop its PV activities after the company’s recent plan to buy a majority stake in Innogy. The deal, in fact, envisages redistributing operations so that RWE focuses on the renewable energy business, while energy networks and customer solutions would be the responsibility of Eon.
The Munich-based company will acquire a 70% stake in a solar PV project pipeline totaling 2 GW in the Netherlands through its renewable energy arm Baywa re. The transaction will have to be approved by antitrust authorities.
Eon has announced plans to take over a 76.8% stake in the German utility, RWE’s renewable energy spin-off, Innogy. The acquisition is part of a far-reaching agreement between the two, which envisages redistributing operations so that RWE focuses on the renewable energy business, while energy networks and customer solutions would be the responsibility of Eon.
Tennessee’s relevant safety authorities have submitted their report on the hydrogen explosion at the polysilicon plant of the German manufacturer in Charleston. They demand US$25,400 in fines from Wacker Chemie for violations of various regulations. The manufacturer continues its efforts to resume production.
In addition to the manufacturing of its own modules, the German solar PV producer focuses primarily on OEM production. Negotiations are currently underway with two customers, which would lead to a significant increase in production volume this year.
The Chinese Ministry of Industry in Beijing has issued new guidelines for the solar PV industry. These urge Chinese manufacturers to invest at least 10 million yuan annually into research and development.