The German energy company said its new strategy is fully reflected in its balance sheet. This was accompanied by the largest loss ever registered by the group. Eon is now planning workforce reductions, as well as further measures to reduce its net liabilities to €20 billion in the mid-term.
The Czech solar market collapsed in 2014 after the country’s FIT scheme was shut down. After two years of almost zero growth, the country’s PV market registered a slight increase in new installations in 2016. This growth was mainly due to the support program for sustainable buildings.
The British archipelago of islands to become global testbed for Smart Islands project that aims to provide model for use of electric vehicles and home batteries in a smart energy system.
The Estonian government plans to replace the current FIP scheme for renewable energies with an auction mechanism within the next few months. The country’s installed PV capacity reached 10 MW at the end of 2016.
The French energy giant is offering to acquire Innogy, the renewable energy unit of German power provider RWE. Innogy acquired German developer Belectric and its huge solar power plant portfolio in January.
German car maker BMW will provide Vattenfall with 1,000 lithium-ion car batteries. Vattenfall will use the batteries, which are also used for the vehicle BMW i3, for storage projects at wind farms.
The Italian PV market maintains its path of stable growth in January with approximately 25.7 MW in new systems. Meanwhile, the local government agency GSE has published new rules for the revamping and repowering of existing installations. The Italian renewable energy sector believes that the new rules will create new business opportunities for both solar manufacturers and developers.
The Polish solar market has seen its largest growth in 2016 with approximately 94 MW in new installations. The country’s cumulative installed PV power had reached 192 MW at the end of December. A more stable regulatory framework is giving investors more confidence.
The independent power producer recorded a net loss of $110.4 million from its continuing operations — up sharply from $27.5 million a year earlier — due to impairment expenses totalling $75.7 million, in addition to a net deferred tax write-off of $6.9 million.
German equipment supplier Asys today announced the launch of its new dual lane metallization line for crystalline silicon cell production, Alignus 1.5s. The line features a high level of automation, as part of the company’s Industry 4.0 approach, and aims to decrease cell metallization process times.
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