The solar industry in Germany has emerged from a period of slow growth and is back on track, thanks to the country’s ambitious climate goals and a little help from international companies.
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A whopping EUR 250 million financing round has taken Berlin-based solar energy provider Enpal over the EUR one billion mark in value. That massive haul came on top of another EUR 100 million round this spring.
Mukesh Ambani, known as the richest person in Asia, is putting up EUR 25 million of a EUR 39-million-total financing round for German company NexWafe.
Greencells, the developer of solar parks from the southwestern German city of Saarbrücken, has earned a stellar international reputation. It’s active in more than 25 countries and, with an installed capacity of 2.2 gigawatts, is one of Europe’s top ten solar energy companies.
Fledgling Berlin solar energy company Enpal has announced the completion of a nine-figure round of financing. The start-up said that its business has increased dramatically since the beginning of the coronavirus, but it’s aiming for still bigger things yet to come.
German automotive giant Volkswagen says it will put EUR 40 million into the construction of solar and wind energy parks between now and 2025. The carmaker describes the investment as its contribution to help meet additional needs for green energy as part of Germany’s transition to electric mobility.
Photovoltaic panels soaking up the sun’s rays are a phenomenon we usually associate with land. But floating facilities are becoming a trend in both Europe and Germany.
Last year saw some 25 percent more solar panels mounted on German rooftops than in 2019 – that’s according to the German Solar Industry Association (BSW).
Solar energy facilities have fed some 43 billion kWh of electricity into Germany’s national grid.
Berlin fintech start-up solarisBank has booked a cool EUR 60 million in its latest round of financing. The company, which was founded in 2016, has taken in more than EUR 160 million from investors.
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