Sandra Enkhardt
Schletter to be acquired by investors, closing financial recovery
With the acquisition by Golden Square Capital, the Germany-based PV company can finalize the plans to improve its financial status. Providing a two-digit million figure, the investor ensures that product and business development units can improve their activity in the future. Yet, cutting jobs in Germany is inevitable.
Increased bid prices recorded in German PV tender
Despite an increase in average prices, bid prices are well below €0.05/kWh. The volume of tenders was again significantly oversubscribed. Enerparc was awarded more than half of the bids.
Eon secures €5 billion to finance innogy acquisition
Eon has now secured funding required the acquisition of RWE’s renewable energy subsidiary innogy, a move that was announced in March. German regulators, and the companies’ respective boards, have not yet give the green light for the acquisition.
Nord LB finances Danish solar parks
The German bank will provide around €40 million. Part of the money is earmarked for PV projects awarded contracts in the first cross-border tender between Germany and Denmark.
Eneco finalizes 48 MW storage project in Germany
Construction on the facility was started eight months ago. In the future, the large-scale lithium-ion storage facility may participate in weekly auctions for primary reserve capacity.
Solar grew by 225 MW in Germany in April
Demand for rooftop solar continues to be high as only around 26.5 MW of additional capacity in April came from ground-mounted PV. FITs for installations up to 750 kW in size will remain flat in June.
Solarworld has ten offers for its cell production
At the end of the week the production line of the insolvent German PV manufacturer will be closed down. Its insolvency administrator wants to continue paying salaries until the end of September, as he sees good prospects for the acquisition of Solarworld’s cell production facilities.
Siemens backs Northvolt’s Swedish battery factory plan with €10m
The German group has joined the project as a technology partner, and brings €10 million. Siemens will conduct digitalization of the value chain for Northvolt production and will be supplied with the factory’s products
Open letter: German government must protect its solar industry
In an open letter, more than 30 German PV companies and research institutes demand an industrial strategy to retain a domestic solar industry. According to the signatories, that means increased co-operation with France and the consideration of sustainability criteria for PV tenders
Around 250 signatories call for an end to EU anti-dumping measures
In a letter to European Commission President Jean-Claude Juncker, more than 250 organizations and companies from EU member states have called for the termination of trade restrictions applied to Chinese PV manufacturers. The current anti-dumping and anti-subsidy tariffs – and minimum import prices for Chinese crystalline modules and cells – are due to run until 3 September
