The new regulation will likely to come into force by the end of this year. The German solar association BSW has welcomed the government’s decision, although it has asked for improvements.
According to German renewable energy association BEE, the country could fail to reach its 2020 EU target for renewables covering 18% of its total energy consumption. The association claims that if Germany aims to achieve this target, an additional 22 TWh of electricity from renewables per year must come from the power, heat and transport sectors.
The inverter maker has significantly revised up its guidance after a strong start to 2017. The company said it had received several orders from the Middle East, Turkey and India.
All the creditors will have to provide a restructuring contribution in order to ensure the survival of the company. Once the insolvency plan is approved, the related insolvency proceedings will be closed.
The new bidding round includes incentives for projects on agricultural and grassland areas in disadvantaged regions such as Bavaria and Baden-Württemberg for the first time.
The storage system EnspireME is expected to become operational by the end of this year. Through an additional pilot project, surplus power from local wind plants will be managed and stored.
The Austrian Government has allocated €5.95 million ($6.34 million) to solar incentives for 2017. Applications are being accepted starting from Tuesday.
Halk Enerji will focus on unlicensed PV projects up to 1 MW, which in Turkey are expected to reach a volume of 2 GW this year.