Conergy announces sales increase of 50%

Hamburg, Feb 23, 2011 – (Source: Conergy AG) In the past financial year Conergy AG increased its sales by more than 50% to € 913.5 million (2009: € 600.9 million). The improved result can be attributed to its efforts to further expand both its national and international business. With 54% of the total, Conergy´s international sales remained on a high level. At the same time, the solar PV firm also improved earnings before interest, taxes, depreciation and amortization (EBITDA). For the first time since 2006, Conergy was in the black...

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BP Solar building massive USA plant

Houston, USA — Industry leader BP Solar and American financial group MetLife inked an agreement confirming joint ownership of the Long Island Solar Farm, a giant 32 MW solar PV generation plant in Upton, New York. BP Solar is leveraging its manufacturing and engineering capacity to build the plant, and will operate and maintain the 200-acre facility, whilst MetLife is an investor partner. All solar energy generated from the facility will be sold under a 20-year power purchase agreement to the Long Island Power Authority. The solar park,...

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NSW Solar PV Bonus Scheme Review – 20c is new baseline

Upon reaching 50MW installed capacity, the NSW Government has reduced the successful 60c solar feed-in tariff to 20c, as a result of unexpected demand. Review points of note Will still operate until original 31 December 2016 deadline; Existing customers will continue to receive the 60 cent credit for export, provided the system size and ownership are unchanged; New customers will connect at the base rate of 20c, although retailers are offering between 20 and 28c for exported power; and Once 300MW of installed capacity is reached, a further...

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