Schmid signs $430 milion LoI in Saudi Arabia
The German PV equipment manufacturer has signed two letters of intent (LoI) for joint ventures with companies from Saudi Arabia at the Future Investment Initiative (FII) Forum. The company declined to comment on the current political situation.
Poor polysilicon performance affects Wacker’s Q3
Despite its chemical business performing strongly, Wacker Chemie AG’s Q3 2018 financials took a tumble, with polysilicon sales and EBITDA sharply declining. The blame has been laid on China’s PV policy change in May.
V2G frequency control launched in Germany
A much talked about concept, but the final step into market operationality has not been done – yet. Nissan, The Mobility House, and Enervie have joined forces to allow Nissan Leaf’s to provide frequency control to a distribution grid in Germany. The concept has received permission to pursue its plans, and for corporate customers it will be ready for adoption as of 2019.
Revenue and EBIT increase for Singulus in Q3
Singulus saw improvements to both its sales and profit in the third quarter, and confirms it is on track to meet its forecast figures for the full year.
Germany’s auction for large-scale solar concludes with average price of €0.0469/kWh
The final average price was slightly higher than that of the previous auction of the same kind. Successful bids were between €0.0386/kWh and €0.0515/kWh per kWh. Unlike the parallel wind energy tender, the tendered capacity was significantly oversubscribed, once again.
WWF says 2% of Germany’s surface is enough for 100% renewables
An analysis of the World Wildlife Fund (WWF) assumes that a maximum of 2.5% of Germany’s land is needed for the energy transition. With a higher share of solar in the electricity mix, however, this percentage would be lowered to 2%. The study also says that the expansion of renewables will not endanger nature protection.
100 MW power-to-gas project planned in Germany
The project, under development by Gasunie, Tennet and Thyssengas, will convert wind power into green hydrogen. The plant commissioning should take place gradually starting from 2022.
Digital Energy Solutions wins tender for 2.19 MWh of storage in Germany
The Munich-based company will receive up to €2 million for a large-scale storage facility in southern Germany. The system will consist of 52 lithium-ion car batteries –which are also used in the BMW i3 – and will be coupled with a wind farm.
Meyer Burger to lay off 100 workers and relocate most of PV business to Asia
There may be a much-vaunted ‘solar renaissance’ in the offing for Europe, but it hasn’t come quickly enough for the Swiss PV equipment supplier, which wants to handle most of its sales and services from China.
Germany’s EEG levy falls to €0.06405 in 2019
It is the second decline in a row. Germany’s TSOs base their calculations on the 6 GW expansion for solar and wind expected for the coming year. The surplus on the EEG account, which was included in the calculations, was €3.65 billion.
