Energy Charts and Agora Energiewende both report a production of 10.3 TWh of solar power last month. Almost 9.5 TWh of this was fed into the grid. In addition, there were more than 80 hours in July with negative electricity prices.
The Dutch company, which itself was taken over by Blackstone and Rivean Capital, will become the majority shareholder of the German photovoltaic company. Schletter’s previous shareholders will hold minority stakes in Enstall in the future.
Between January and May 2024, the value of imported solar cells and modules fell to just under €605 million compared to the same period last year, and the value of exported PV products also fell to €216 million. For the first quarter, the Federal Statistical Office reports a drastic decline in modules manufactured in Germany to just under 495,600.
In the second quarter of 2023, the group still generated sales of €513 million from the sale of polysilicon, while this year revenue dropped to €232 million. Earnings fell even more, dropping by 65%.
The photovoltaic installation company is struggling with the current difficult market situation. A solution for its continuation is now being sought.
The alpine-pv.ch platform is a joint project of four universities of applied sciences. Above all, it shows how much potential there is in alpine photovoltaic power plants to counter the looming winter electricity problem in Switzerland.
Acceleration areas and shortened approval procedures are intended to ensure faster expansion of wind and solar parks as well as energy storage at the same locations. The move implements requirements from the EU Renewable Energy Directive of 2023. Approvals will also be facilitated for electrolyzers to ramp up hydrogen production.
The city of Zittau has now granted the building permit for the test facility, which is to be constructed by the beginning of next year. The aim is to develop cost-effective electrolyzers for the production of green hydrogen, in which the by-products oxygen and heat can be optimally used.
Solarnative launched insolvency proceedings and started searching for new investors in June.
German flow battery firm VoltStorage says its next stage of technology development will deliver 20-fold increase in performance.
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