The Institute for Energy Economics and Financial Analysis has estimated the effect on the payback period of PV systems when adding EVs and storage in Germany and Britain. In both cases, system owners are likely to reduce their payback period by significant margins as increased self-consumption can offset the incremental phase out of government incentives.
The companies have invested €17 million in the project. The energy stored, in the Brandenburg project, will be used to stabilize the grid and minimize the curtailment of wind farms.
The sustainable projects lender wants to become a pioneer in the financing of unsubsidized PV ground mounted systems. The loans have a term of 25 years and operators need a PPA with at least five years’ maturity at a fixed price.
The 8.8 MW project, in Mecklenburg-Pomerania, will sell power to industrial customers through a long-term PPA. Construction is expected to begin in June.
Ministers have reaffirmed plans for a Franco-German battery industry. The project is being supported in principle by the European Commission, which could give its approval by October. Meanwhile, German storage specialist Tesvolt is building a commercial storage system factory in Germany.
The strong growth registered in the first quarter of the year – when 1.27 GW of new PV was deployed – will prompt a 1.4% reduction in the FIT price for the three-month period up to July.
The Verbraucherzentrale NRW says advertising for the Solstråle solar system is misleading and has warned the furniture provider and its partner Solarcentury Microgen (Deutschland) GmbH it will begin legal action if the campaign is not changed.
The utility claims that current market conditions are not ideal for the project, which has been under consideration since 2012. The power station was meant to replace existing lignite capacity, and according to RWE, it would have been more efficient. The company says that it will refrain from making further investments in coal capacity while increasing its focus on renewable energy and storage.
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