Germanys Bundesrat wants to revise the countrys renewable energy law (EEG) for photovoltaics. A majority of Bundesrat representatives, therefore, voted for the invocation of a mediation committee with the Federal Parliament.
According to reports, 30 percent of Hamburg-based Conergy AG will be acquired by a Chinese photovoltaic company. Conergy would not confirm the news.
Berlin-based Soltecture GmbH is the next German photovoltaic company to file for insolvency. Attorney Hartwig Albers of law firm Brinkmann & Partner has been appointed provisional liquidator.
650 megawatts (MW) worth of photovoltaics were installed in Germany in January and February, according to preliminary figures from the countrys Federal Network Agency.
With the increase in installed photovoltaic capacity, the cost effectiveness of coal-fired power plants is decreasing. The outlook for coal, with the further development of emissions trading, will become even worse.
Photovoltaic manufacturer, Q-Cells SE is currently looking for an investor. The company is weighed down with debt, however.
As part of Germany’s new solar subsidy, feed-in tariffs (FIT) for photovoltaic systems larger than 10 megawatts (MW) are to be eliminated. According to a media report, several companies, including leading project planner Belectric, are considering submitting a complaint against the Renewable Energy Act [EEG] amendment before the German Federal Constitutional Court.
According to Germanys Tagesspiegel, it looks like Solon has been saved by Indian-Arabic company, Microsol. The news has still to be officially confirmed, however, it is expected that a formal statement will be made on Friday, March 2.
The Germany solar incentive debate continues. While it was announced last week that there are plans to introduce a feed-in tariff (FIT) cap on photovoltaic modules, yet another proposal has suggested that only 80 percent of fed-in solar electricity should receive a tariff.
Details over Microsols intended takeover of Solon SE have emerged. Under its plans, the facility at Greifswald will close and 25 jobs will be lost.
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