Solibro will probably file for insolvency this month, according to German media reports. However, the company has yet to publicly confirm the matter.
The energy company will build a 38 MW solar, 22 MW wind and 12 MW battery project on one site. The first fully renewable hybrid power plant could be a blueprint for post-subsidy Germany. Vattenfall has an eye on German coalfields in particular.
For the second half of the year the German inverter producer expects a significant increase in revenues and earnings, mainly due to high order intake. It also confirmed its forecast for the full fiscal year, despite declining sales and earnings in the first six months of 2019.
The German company has already secured project rights for PV projects with 200 MW of generation capacity. Another 100 MW should follow this month.
The Munich company hopes the PV market will pick up in the second half, driven by demand in China. Wacker Chemie also expects rising prices for polysilicon.
In Germany, the Korean PV manufacturer increased output to 760 MW last year. Despite a highly competitive environment and persistently high pressure on margins, Hanwha says it is looking to the future with optimism. The company has further diversified away from solar module production in recent months.
Interview: The Energy Charts, developed by the Fraunhofer Institute for Solar Energy Systems (ISE) shows that the switch from coal to gas in Germany reduced CO2 emissions by one third in June. In a European wide transition, Eurogas General Secretary James Watson considers reductions of up to 45% possible by 2030. The gas sector is also willing to make the transition to renewables and decarbonised gases by the middle of the century. In the case of power-to-gas technologies, medium-term cost reductions which are comparable to the experience curve of photovoltaics is possible, Watson explained.
In a highly oversubscribed tender Germany’s Federal Network Agency allocated 204 MW of solar capacity. The lowest bid was €0.049/kWh and a large project was assigned in the northern region of Mecklenburg-Vorpommern.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.