Conergy
AG has announced its plans for an increase of approximately €450
million in the company’s equity base. The financing will be prepared by
Credit Suisse and Dresdner Kleinwort, with major investors expected to
contribute at least €125 million. The company will discuss the capital
increase with shareholders at its AGM in Hamburg on August 28th, 2008.

The capital increase will be used mainly to pay back bridge financing of €240 million, and also to finance planned instalments for the repayment of a syndicated loan. The remainder of the capital increase will be invested in the company’s restructuring and business growth.

Conergy has also released the news that it has confirmed that current interim CEO Dieter Ammer has been appointed CEO for the next two years, effective from August 1st, 2008. As a result, Mr. Ammer will step down from the Supervisory Board, and the company proposes that he be replaced by Mr. John Jetter, who has more than 30 years of industry and investment banking experience. Mr. Jetter is former CEO of JPMorgan AG.

By Síle Mc Mahon

The Landscape for PV Technology in 2022

26 January 2022

Join this free webinar for our analysis of the growth of N-Type technology including; new capacity expansions and production output. We'll also be looking at the global manufacturing footprint with forecasts on how much product will be made outside of China this year and which companies are driving technology change across the crystalline silicon value chain.

Energy Storage Summit 2022

23 February 2022

Held annually since 2016, the Energy Storage Summit Europe is the place to be for senior stakeholders in the European storage industry. Designed to accelerate deployment of storage, we examine evolving chemistries, business models, project design, revenue stacks and use cases for storage. The 2022 edition will include exclusive content around longer duration solutions, energy strategies for wide-scale deployment of EVs and "EnTech", the event which sits at the intersection of digitisation, decentralisation and decarbonation of the power system. Come to meet TSOs, DSOs, Utilities, Developers, Investors and Lenders and leave with new contacts, partners and a wealth of information.

Intersolar Middle East

7 March 2022

Take your chance to join the most powerful platform in the MENA region. Middle East Energy (MEE), Intersolar, and ees, the leading energy exhibitions are joining hands to co-deliver an outstanding renewables and energy storage event at Middle East Energy 2021. Renewables and energy storage at MEE is the largest gathering of solar and renewable energy industry professionals in the Middle East & Africa, offering the most effective trade focused platform to international manufacturers and distributors looking to meet regional buyers.

Solar Finance & Investment Europe

8 March 2022

As Solar Finance & Investment enters its ninth year, we sit on the cusp of a new power market with solar at its heart. The 2022 edition of the event will build on our years of expertise and relationships to bring investors and lenders together with top developers. Connect with leaders in the field and use exclusive insights to drive investment and development decisions for the future. Meet new and existing project partners at the largest gathering of European solar investors and lenders.

Energy Storage Summit USA

23 March 2022

When it comes to storage, the US market exceeded a gigawatt of advanced energy storage installations (weighted towards lithium ion) at 1.46 GW, more than the previous six years in total! An exponential growth rate could see the market hit 7.5 GW p.a. by 2025. The summit will provide a wealth of content around this vital piece in the US power puzzle, with sessions dedicated to explore how companies are making money from batteries, the latest chemistries and their applications as they apply to different use-cases. We ask how investors can match ESG criteria to batteries and we will bring case studies of successful deployment and project execution onto the stage to examine how you can ensure your own projects are successful.

Large Scale Solar Europe 2022

29 March 2022

Now in its 10th sell-out year, Large Scale Solar returns to Lisbon in 2022. We are excited to gather together face-to-face with the European solar industry as we provide unique and exclusive access to a powerful selection of the market's key stakeholders. Join this elite summit to find out how the market is maturing, which new markets are becoming more exciting, how technology is evolving and who's driving the market forward into the 2020s. Always senior, packed with developers, EPCs, utilities and investors this is the event for companies serious about European solar PV.

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Trina Solar’s tracker manufacturing unit TrinaTracker has launched a 1P single-row tracker, dubbed Vanguard.

Powertis, Aquila Capital to co-develop 421MW of solar PV and 90MW of energy storage in Italy

January 18, 2022

Spanish solar company Soltec Power Holdings, through its subsidiary Powertis, has sold a controlling stake in 421MW of its solar PV projects and 90MW of energy storage in Italy to German investment firm Aquila Capital under a co-development agreement.

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Conergy to increase capital with equity issue of approximately €450 million

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