Meyer Burger finds sales partner for solar roof tiles; Glennmont’s South Korea solar journey begins; Orders pour in for Midsummer panels; 7C Solarparken keeps €3.3 million aside to cover retrospective price cap from September 2022.
1st sales partner for Meyer Burger solar roof tiles: Meyer Burger Technology AG has announced Dachdecker-Einkauf Süd eG as the company’s 1st wholesaler to sell its solar roof tiles in Germany. It will take care of initial pilot projects and implement these with customers from the roofing industry. The heterojunction (HJT) cell and module maker will have a market launch of the Meyer Burger Tile in H2/2023. It will place the order for mass production of these tiles with a specialist company in Europe, providing its own solar cells and connection technology. Meyer Burger will also be responsible for the selection and purchase of all materials and components.
UK’s Glennmont enters South Korean solar market: UK headquartered infrastructure investment firm Glennmont Partners has forayed into the South Korean solar market with a joint venture (JV) agreement with SK D&D. The JV will co-invest in 80 MW of solar PV projects in the Asian nation for an investment worth KRW 160 billion (€115 million). While Glennmont will be tasked with arranging project financing and bringing potential investors on board, SK D&D will source, operate and maintain the projects and also manage electricity trading business.
Midsummer bags 224 MW orders: Swedish solar energy company Midsummer has secured orders for the supply of 224 MW solar panels to 4 Swedish and international roofing material manufacturers, house manufacturers and solar cell installers. It follows letters of intent signed with 6 Swedish and international companies for 107 MW solar panels to be delivered over the next 3 to 6 years. Currently, Midsummer operates a 2 MW Swedish and 50 MW Italian production facility. It now aims to establish a 20 MW new factory in Sweden and scale it up to 200 MW. By 2030, its target is to have an annual production capacity of 1 GW.
7C Solarparken’s 9M/2022 financials: German solar park operator 7C Solarparken AG improved 9M/2022 EBITDA by 59% annually to €66.8 million thanks to better weather conditions, significant increase in capacity and high electricity prices. Revenues increased 56% to €74.1 million. “In the midst of a Europe-wide debate on electricity price caps, the Management Board has made a provision of €3.3 million to cover a retrospective price cap from September 1, 2022,” stated the company. Its electricity production went up by 31% to 309 GWh during the reporting period.