Around 34.5 GW of PV was installed in China in the first three quarters – 1.5 GW more than expected by IHS analysts, who have raised their full-year guidance.

The Federal Ministry of Economics has published further details of possible battery cell production on a gigawatt scale. At the Networking Conference Electromobility 2018 in Berlin this week, Minister Peter Altmaier stressed the urgency of the project, for Germany and Europe to be independent of Asia and the US in storage technology.

The German PV equipment provider saw sales increase by a third in the first three quarters of 2018. Full year 2018 guidance remains unchanged.

In the first nine months of 2018, the energy division of the Germany-based group recorded a loss of over €10 million. By the end of the year, earnings are expected to enter positive territory, however,

In addition to solar subsidy cutbacks of around 20%, planned for the start of 2019, the German Federal Ministry of Economics’ draft Energy Sources Act includes special tenders for PV and onshore wind. While many say the cuts cause great uncertainty for large-scale project developers, politician Peter Altmaier sees it differently: the energy transition is becoming safer and more affordable, he says. The decision to adopt or change the act now lies with the Federal Parliament.

The target of 105 GW of cumulative installed photovoltaic power, which was originally set for the end of the decade, has already been surpassed. PV Info Link says the 2020 solar target may now be revised upwards to 210-270 GW.

With the ruling coalition having agreed to extend additional tenders for PV and wind power, a related, draft bill by the Federal Ministry of Economics has been disclosed. The policy document includes a proposal for a 20% FIT reduction for solar installations ranging in size from 40 kW to 750 kW.

The new capacity figure fell on the previous month, mainly because fewer ground-mounted systems went online. The monthly retreat of FIT payments will stay at 1% for the next three months. According to SolarPower Europe, Germany will be by far the largest market in Europe, with 3 GW of new capacity this year.

The German PV equipment manufacturer has signed two letters of intent (LoI) for joint ventures with companies from Saudi Arabia at the Future Investment Initiative (FII) Forum. The company declined to comment on the current political situation.

The final average price was slightly higher than that of the previous auction of the same kind. Successful bids were between €0.0386/kWh and €0.0515/kWh per kWh. Unlike the parallel wind energy tender, the tendered capacity was significantly oversubscribed, once again.