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COLEXON NewsBreaker | Jan./Feb. 2011
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Dear Sir or Madam,
The new year brought substantial changes – on both the solar market and at COLEXON. In this NewsBreaker edition we summarize the most importat events and information from the past two months.
We report on the current adjustment in the German feed-in tariffs, present the latest figures and growth forecasts of the Italian solar market to you, as well as the new developments of regulatory feed-in-system in France.
By the way: Hamburg is the official European Green Capital in 2011. As a Hamburg-based company from the sector of regenerative energies it is clear that we will be undertaking additional commitments during the Green Capital year.
These and further topics are waiting for you in this NewsBreaker edition. I wish you an intreresting read.
Yours sincerely
Volker Hars
CEO - COLEXON Energy AG
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Overview of the photovoltaic sector
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Extraordinary reduction in subsidies as of July 1, 2011 – Current draft
Currently, solar power plants with a total output of about 17 gigawatts are connected to the grid in Germany. Last year alone, more than 7 gigawatts of newly installed photovoltaics capacity was added - the forecast at the beginning of 2010 stated a maximum of 5 gigawatts.
Since the feed-in remuneration stipulated in the EEG shall be flexibly adjustable to the corresponding market development, it is carried out in accordance with the regulations of the “breathing lid” which structures the feed-in tariff on a diminishing scale depending on the expansion volume. Due to the record figures in 2010, the scheduled cut in German feed-in tariff was the possible maximum of 13 percent as of January 01, 2011.
Read more...
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Feed-in situation and additional volume in Italy
Italy’s state energy agency GSE has published new figures on the solar market. Accordingly, the total solar power output installed in Italy at the end of 2010 could amount to seven gigawatts. Up to now, the output of the new photovoltaic systems connected to the grid in 2010 was estimated at around 1.85 gigawatts (previous year: 720 MW). In addition, another four gigawatts are expected from systems that were also completed by the end of 2010 but will be connected to the grid by the end of June 2011. The operators of the systems thus have the opportunity to acquire the compensation from the previous year.
Read more…
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French government confirms reduction of PV feed-in tariffs
On February 22, 2011 Francois Fillon, the French prime minister, announced the new regalutory system for the French solar market. After the moratorium for PV plants in France, that has continued for nearly three months now, the expected market cap of 500 MW per year was confirmed as well as the reduction of the feed-in tariffs by 20 per cent.
Read more...
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Change of Earnings Forecast for Business Year 2010
COLEXON announced on February 09, 2011 that it anticipates a lower result for 2010 as previously projected. The Management Board adjusts the forecast for its adjusted EBIT to EUR 9-11 Mio. The formerly announced earnings forecast stated an adjusted EBIT of EUR 13-15 Mio.
Read more...
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Opening of the Green Capital info pavilion
The Hanseatic city of Hamburg has been selected as the European Green Capital 2011 by the EU. This award reflects achievements in environmental policy to date and is also an incentive to consistently pursue the route taken in the future.
COLEXON supports the city in its activities relating to environmental protection and commits itself as project sponsor.
Read more...
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COLEXON presents itself at international branch trade fairs
Since the beginning of this year, the COLEXON Energy AG presented itself to international customers and business partners at two major branch exhibitions. At the end of January (27. - 29.) the company attended the InterSolution 2011 in Gent, Belgium. Shortly afterwards, from 15. to 18 of February, the French COLEXON subsidiary, COLEXON France SASU, was present at the Salon des Energies Renouvelables 2011 in Lyon, France.
Read more...
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Solar radiation
Solar radiation consists of the radiation that comes directly from the sun and from indirect rays.
Read more…
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Maintenance of photovoltaic systems
Solar power systems are comparatively low-maintenance which means they generate relatively low costs. However, regular monitoring is highly recommended in order to identify potential defects at an early stage. This can be usefully combined with a maintenance agreement.
Read more…
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Do you have comments or suggestions regarding the COLEXON NewsBreaker
or questions regarding the company? Personal contact is important to
us. Get in contact with our PR / IR team.
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COLEXON Energy AG | Große Elbstraße 45 | 22767 Hamburg | HRB 93828
District Court Hamburg - Germany | VAT-ID: DE 198 423 754 | Executive Board: Volker Hars (CEO), Dr. Rolando Gennari (CFO) |
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