The milestone brings it one step closer to achieving its goal of installing 100MWp of PV capacity in the whole of 2012.
The 35MWp of PV capacity consists of 6.2MWp worth of projects implemented through the company’s partner sales business area as well as 2.1MWp in Italian rooftop projects, 2MWp in a Spanish ground-mounted project and 24.7MWp in projects in Germany.
All the projects were constructed on time and commenced operation as scheduled. Among the projects is a 10MWp system on a former converted military area in JÃ¼terbog, Brandenburg, Germany. Producing around 9,700MWh of electricity a year, the system represents the company’s largest individual project to be implemented in Q3.
Although S.A.G. Solarstrom is yet to hit the halfway mark to reach its 100MWp target, the company remains optimistic. “Even though the market environment has remained very challenging, we still consider our planned sales goal for the entire year to be realistic”, stated Dr. Karl Kuhlmann, CEO of S.A.G. Solarstrom.
Speaking about the challenges in the PV market, Dr. Kuhlmann adds, “The industry continues to experience a very difficult phase of consolidation. We can see that from our Partner Sales. Some drastic cuts in the feed-in tariff in Germany, as well as in other European countries, have led to a considerable increase in market uncertainty”.
Dr Kuhlmann also recognizes the increasing price pressure. However, he highlighted that “S.A.G. Solarstrom AG will not accept any compromises in the quality of the components used”.