EU approves Eon’s bid to take over Innogy

It took a while, but now the energy giants can finalize the mega deal. Rival energy companies have criticized approval of the deal amid fears Eon could dominate the German market.

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Germany will need 160 GW of solar by 2030 to prevent power shortages

EuPD Research has calculated what needs to be done to replace the nuclear and coal generation to be phased out in Germany. Accelerated expansion of PV appears the best short-term option. However, storage capacity will need to increase 30-fold by 2040 so solar can become the main pillar of the country’s energy system.

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Wacker enters battery business with acquisition of 25% stake in Nexeon

The Munich-based chemical company has taken a substantial minority share in the British materials specialist to expand its silicon-based high-performance battery activity. The value of the transaction was not disclosed.

Singulus lowers outlook after delayed CNBM order

The German PV equipment provider will not achieve the sales and earnings targets set for this year. CNBM is not expected to place orders for the expansion of its CIGS thin-film production operations in China until the fourth quarter.

Germany added 292 MW of solar in July

Demand for systems with a generation capacity of up to 750 kW is driving the market. The 52 GW capacity cap for solar under the national FIT scheme is approaching. In September, feed-in tariffs and market premiums will fall a further 1.4%.

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German thin-film manufacturer Solibro reportedly set to file for insolvency

Solibro GmbH is expected to make the move this month, according to a German media report. The company has yet to publicly confirm the move.

German PV equipment makers report fall in revenue

Manz and Singulus have both seen turnover drop in the first half.

Vattenfall to build large scale wind-solar-storage plant in the Netherlands

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.

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SMA reports losses for first half of 2019

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.

Germany installed 2 GW of solar in six months

After a strong start to the year, demand for PV systems has slowed because of FIT reductions. Solar subsidies will fall by a further 1.4% per month until November.

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