Volker Böhm, insolvency administrator for German Solar Millennium has sold the company’s stake in Flagsol to industrial solutions provider Ferrostaal, it has been announced. Ferrostaal has announced that it will take over and continue operations as well as take over all 80 Flagsol employees. Flagsol’s headquarters will also remain in Cologne, Germany.
PV plant developer Sonnedix has bought a PV plant in the north-east of France, the company has announced. The 24MW Toul 3 project, located near the city of Nancy, has been constructed by EDF EN Services and is part of the 115MW Toul-Rosières PV park, the largest European solar park. Toul 3 has been constructed on a former NATO site, and is equipped with 500,000 First Solar panels as well as SMA inverters. The PV plant is expected to commence commercial operation this summer.
Parabel has completed and connected the Jännersdorf Solar Park to the grid, the company has announced. The PV plant generates 40.5MW of energy and is located on a site of 90 hectares. It is equipped with 167,550 Trina Solar, Suntech and Hareon modules as well as 1,894 Siemens inverters and 5.216 Schletter module tables.
Following yesterday’s report that US-based Konarka Technologies is undergoing liquidation proceedings pursuant to Chapter 7 of the US Bankruptcy Code, it has now been announced that the thin-film company’s subsidiary in Germany has also filed for bankruptcy. Attorney Alexander Kubusch of national German insolvency administration firm CURATOR AG has been appointed as the preliminary insolvency administrator.
MEMC Electronic Materials advised that during Q2 2012, it had completed sales contracts for four solar projects in Europe totalling 98MW. The company completed solar projects worth 60MW in Bulgaria and 38MW in Italy.
The Bulgarian government has announced a 50% cut to solar feed-in tariffs, having only approved a new FiT in April. Effective July 1, chair of the State Commission for Energy and Water Regulation (DKEVR), Angel Semerdzhiev, told Parliament on Friday that the renewable energy surcharge was solely responsible for an increase in electricity rates.
With shipping due to commence in autumn 2012, Kaco New Energy used Intersolar Europe a fortnight ago as a platform to launch its new energy storage and management system, Powador-gridsave.
Continuing market constraints and unattainable cost bases have conspired to force Schott Solar’s management to withdraw from c-Si PV manufacturing completely. Although the company’s thin-film and CSP activities are unaffected by this news, this exit from the c-Si sector will affect around 870 employees as well as its Mainz and Alzenau plants in Germany, Valasske Mezirici in the Czech Republic and Albuquerque in New Mexico.
The dark clouds of controversy looming over the German feed-in tariff have finally cleared with a compromise between the Bundestrat and Bundestag. Chancellor Merkel’s government has announced that it wants to maintain a solar “growth” corridor” of 2,500 – 3,000MW per year, with installations capped at 52GW. A class system for medium-sized roof-top installations will also be introduced. All funding will be back-dated to the original date of April 1, 2012.
SAG Solarstrom advised that Deutsche Bank Group had given the company a financing commitment of €65 million. The loan has conditions in line with the market and a term up to the fall of 2013. The company plans to use the financing for various projects planned in 2012 and 2013, which will mainly be implemented in Germany. SAG Solarstrom acknowledged that the financing commitment and the payment of the loan will depend on the fulfillment of customary banking conditions and the signing of financing documents.
