FRANKFURT (Reuters) – Two of Europe’s biggest solar power equipment companies are to make foreign sales a priority next year, as a cut in generous subsidies is expected to hit demand at home in Germany, the world’s biggest solar market.
Lower subsidies on tariffs for new solar power generators in Germany, which accounts for about half the global solar market, are expected to cool demand for new installations next year.
FRANKFURT, Nov 12 (Reuters) – Two of Europe’s biggest solar
power equipment companies are making foreign sales a priority
next year as a cut in subsidies is expected to hit demand at
home in Germany, the world’s biggest solar market.
Lower subsidies supporting solar power generators in Germany
are expected to cool demand for new installations to about 6
gigawatts (GW) next year, down from an expected 8-9 GW this
year, and accounting for about half the global equipment market.
FRANKFURT, Nov 11 (Reuters) – Debt-laden solar power
equipment company Conergy (CGYG.DE: Quote, Profile, Research, Stock Buzz) has re-entered talks with
banks after an independent review concluded that its balance
sheet needs restructuring, it said on Thursday, almost four
months after it struck an initial refinancing deal.
Conergy has been piling up losses in recent years after it
ran into trouble by expanding into too many parts of the
renewable energy industry. Since then, the company has been
going through a painful phase of restructuring, leading it to
raise capital, streamline its activities and cut costs.
FRANKFURT (Reuters) – Solar wholesaler Phoenix Solar and equipment supplier Centrotherm declined to give outlooks for 2011 on Wednesday, as subsidy cuts in the key German market dampen demand.
A day earlier, shares in Chinese peers JA Solar Holdings and Solarfun fell, despite delivering strong quarterly results and outlooks, as investors remain concerned that falling subsidies could curb margins.
FRANKFURT (Reuters) – German solar wholesaler Phoenix Solar expects demand for solar modules to recover after a dismal third quarter in Germany, the world’s No.1 solar market, but does not see booming demand in the year-end period.
“We still expect good business at the end of the year, but it won’t be a year-end rally,” Phoenix Solar’s Chief Executive Andreas Haenel told Reuters in an interview on Wednesday.
FRANKFURT/LOS ANGELES, Oct 26 (Reuters) – Ballooning demand
in the world’s largest solar power market, Germany, will help
companies in the sector deliver stellar third-quarter results,
analysts say, and they expect prospects for next year to
Large cuts in feed-in tariffs in Germany, Europe’s largest
economy, had fuelled concerns that next year could see a sharp
decline in demand in the country that accounts for about half of
the world market.
FRANKFURT (Reuters) – Germany’s battered solar stocks could take a further hit as fears of a fresh cut in sector subsidies and a cap on new installations outweigh a recent pick-up in earnings momentum.
A surge in renewable energy capacity added in Germany this year will lead the levy that consumers pay on their electricity bills for green power to rise to 13 billion euros ($18.1 billion) in, or 60 euros per household per year, the country’s grid operators said earlier this month.
FRANKFURT (Reuters) – German biofuel company Verbio expects to see its full-year sales rise by as much as 10 percent, its chief executive said on Friday, giving the first concrete outlook for revenues in the ongoing year. So far, the company had guided for a “significant increase” in turnover but based on Claus Sauter’s estimate, this year’s top line could rise to as much as 552 million euros ($768.1 million).
This would be above the 520 million euro estimate expected by analysts at SES Research.
FRANKFURT (Reuters) – Emerging markets are the key for consumer stocks and investors should go for established names with high exposure in these economies rather than buying into local players, a fund manager at ING said.
“I like to play the emerging markets through the multinationals,” Huub van der Riet, manager of the ING (L) Invest Food & Beverages, told Reuters.
FRANKFURT (Reuters) – Shares in German wind turbine maker Nordex have lost nearly a third of their value since the beginning of the year, as a lack of project funding and weak demand is still burdening the industry.
Thomson Reuters database StarMine shows that a third of analysts covering the stock rate the company “buy,” while 22 percent advise selling the stock.