Sandra Enkhardt
German government funding for renewable energy expected tor each €18 billion in 2025
The costs for renewable energy funding this year will be higher than forecast, due in part to the many hours with negative spot market prices on the electricity exchange. A new report expects the trend of high costs to continue until 2029.
Residential PV prices in Germany drop 25% within 12 months
The comparison site Selfmade Energy shows, in addition to the falling prices, that customers are obtaining significantly more offers than they were one or two years ago. Managing director Tim Rosengart assumes that the price pressure on installers will continue in the coming months.
Big-battery storage capacity could increase fivefold in Germany by 2026
Industry body the Bundesverband Solarwirtschaft (BSW-Solar) expects around 7 GWh of large-scale battery storage to be added during that period.
Vattenfall enters large-scale battery storage business
The energy company announced plans to invest extensively in large-scale battery business in response to the growing demand for flexibility, adding 500 MW of battery storage annually.
Depreciation of €222 million pushes Baywa’s result to zero
The Munich-based group generated significantly lower sales in the first half of the year. In addition, it had to make large write-downs, particularly in its renewable energy business.
Strong Energy launches residential lithium iron phosphate battery
Cologne-headquarterered Strong Energy’s new all-in-one battery storage system Alfred 10 comes in different versions with a nominal capacity between 12 kWh and 24 kWh.
SMA Solar launches restructuring plan to save up to €200 million
German inverter manufacturer SMA Solar Technology AG has launched a restructuring plan aiming to save up to €200 million ($223 million) for financial stabilization and market repositioning.
Germany awards 2.15 GW in PV tender with lowest bid of €0.0450/kWh
The German authorities have awarded 2.15 GW of utility-scale solar in a new tender, with bids ranging from €0.0450 ($0.05)/kWh to €0.0524/kWh. The tender was oversubscribed to 4.2 GW.
Germany records 1.4 GW of new solar in July
Germany installed 1.4 GW of new solar capacity in July, bringing its cumulative total to 92.23 GW.
Danish company launches AI-based tool to bring back old solar customers
Danish startup Shiney AI says it wants to attract old and new customers to PV installation companies with targeted text messages and email campaigns.
