In Germany, the Renewable Energy Law (EEG) levy will increase next year to 3.592 euro cents per kilowatt hour. Further expansion of renewables is not the reason for the increase; the cause is in fact a new “liquidity buffer”. The buffer was actually supposed to come into effect with the 2012 EEG amendment.
Arise Technologies Deutschland GmbH (Arise Germany) has entered structured insolvency. Failure to secure adequate financing for the development of its solar plans was cited as the primary reason.
Germany-based Centrosolar Group AG posted a positive third quarter (Q3) EBIT, but falling revenues. Overall, the company has revised its full year guidance downwards.
In one of the largest non-recourse credit facilities issued for photovoltaic projects, Deutsche Bank and Rabobank will provide a USD300 million facility to SunEdison for projects in the U.S. and Canada.
A 13-year conservation-monitoring project has been launched at the FinowTower photovoltaic power plant site. Still under construction the plant, in Brandenburg, Germany, will be worth 84.5 megawatts on completion.
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