The German provider sold 1,000 storage systems in August alone.

The European Commission aims to introduce a new procedure for determining the minimum import price for Chinese PV panels, after member states have discussed the proposal. It still remains unclear if the minimum import price for solar modules was lowered at the beginning of September or it will be reduced by two cents per watt in October.

The Chinese solar manufacturers AE Solar and Wuxi Saijing have violated the agreement on the minimum price for the import of their modules to Europe.

Nearly two-thirds of all solar storage systems sold in Germany come from these four suppliers. According to EuPD Research, about 16,800 photovoltaic storage systems were sold in the country in the first half of the year. Falling prices and an attractive rooftop market are driving demand upwards.

In the second quarter of 2017, the Chinese PV manufacturer shipped around 3 GW of solar modules. However, sales and earnings were not as high as shipments, due to lower selling prices. For the second half of the year, Jinko Solar is forecasting stable module prices and increased profitability.

The Chinese solar manufacturer has been trying to find an agreement with its bond holders for more than two years.

PV can reach a share of 30% to 50% in the global power production by 2050, according to a study conducted by Mercator Research Institute on Global Commons and Climate Change.

Demand for small-sized PV systems remained strong in Germany in July, while growth of large-scale plants was lower than in the previous months.

The PV plants will be located in the region of Brandenburg, and will require an investment of €32 million.

The German manufacturer will focus on the production of PERC solar cells and bifacial glass-glass modules in the future.