Germany

Germany’s auction for large-scale solar concludes at €4.29 per kWh

The average price for bids submitted in Germany’s auction for large-scale solar has fallen below the mark of €0.050/kWh for the first time. A total of 20 projects with a combined capacity of 222 MW were awarded by the Federal Network Agency.

German custom authorities uncovers fraud involving solar modules from China

More than €30 million in anti-dumping and countervailing duties could have been circumvented by a German company importing modules from China, according to the German custom authorities.

Eon and Enel trade power using Blockchain technology for the first time

The two European utilities have set up a decentralized marketplace with other partners. The direct trade via Blockchain should help to save costs.

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Sonnenstromfabrik seeks to expand into Benelux

The German module maker has entered into a partnership with Netherlands-based Hadec and is also seeking to expand into Belgium.

Germany sees solar grow by another 162 MW in August

Around 48 MW of the new capacity comes from ground-mounted PV plants, while PV systems installed under the tenants’ solar power supply regime in July and August have reached 108 kW.

Singulus adjusts 2017 revenue forecast

German PV equipment manufacturer Singulus has announced a reduction to its financial forecasting for the full year 2017. The company cites delays in a large-scale project for a China-based client as the primary reason for the reduction.

Fraunhofer ISE announces 22.3% efficiency for polycrystalline solar cell

The German research institute said this new result has beaten its own world record, which it set in Februrary reaching a 21.9% efficiency.

Innogy to invest €1.2 billion in PV, electric cars, fiber networks

Germany’s Innogy has revealed plans to invest €1.2 billion ($1.4 billion) in PV, electric mobility and broadband technologies such as glass fiber networks by 2019.

Singulus to post loss

Singulus Technologies has revealed that more than half of its capital stock has been used up, as it expects to record a loss for the financial year in progress of €16.7 million ($19.9 million). 

Fortum wants to buy Uniper shares for €3.8 billion

Finnish energy group Fortum could take over a 46.65% stake in Uniper from Eon, with a deal expected to be made as early as the start of 2018. Eon hopes to see proceeds of €3.8 billion from the sale.