Aleo solar has reported negative operational earnings of almost 74% in its full-year report for 2013 while revenues have fallen by over 55%, as the company prepares to enter liquidation.
RWE Supply & Trading, the energy trading arm of the German utility, has acquired its first solar farm project in the UK, a 37MW development on a disused airfield in Oxfordshire, England.
Bosch claims it has developed an energy management system for optimising electrical and thermal energy consumption from solar power systems, which the company will launch at this year’s Intersolar exhibition and conference.
Proposals for what would have become the largest PV project in England have been refused planning permission despite being recommended for approval by planning officers.
Plans have been agreed at the aleo solar EGM for the company to wind down through a liquidation, with as much as €50 million (US$69.1 million) of support provided by parent company Robert Bosch in order to avoid bankruptcy proceedings.
German-based PV module manufacturer, aleo solar expects first quarter 2014 revenue to be around €11.6 million, a 62.7% fall from the same quarter of 2013.
