Rising demand for residence solar energy techniques in Germany may enhance Solarwatt’s revenues by greater than 50 p.c this yr to €500 million euros.
This might be raised to €1 billion by 2025, its chief govt informed Reuters.
“Progress is powerful and wholesome,” mentioned Detlef Neuhaus in an interview, including that profitability ought to be reached this yr.
By putting in photo voltaic panelsbatteries and warmth pumps, owners are on the lookout for reducing their power payments after the large value enhance final yr when Russia lower fossil gas exports to the West.
“We’re a lifelong provider to individuals who wish to turn into self-reliant in renewable power,” Neuhaus mentioned.
Solarwatt supplies high-end photovoltaic rooftop techniques that may be mixed with its storage batteries and power administration instruments or from different suppliers.
As such, the corporate hopes to scale back its vulnerability to cheaper Asian rivals which have undercut different German photo voltaic firms over the previous decade.
Solarwatt gross sales in 2022 amounted to €330 million, greater than double the €160 million seen in 2021.
The turnover of the Dresden-based firm’s photo voltaic techniques is predicted to rise to 100,000 this yr, from 66,000 in 2022 and 32,000 in 2021.
Householders wish to cut back their affect on the surroundings
Apart from saving cash, owners wish to cut back their affect on the surroundings, not simply in how they energy and warmth their properties, however in how they run their properties. electrical autosNeuhaus mentioned.
“That is sensible, as a result of residence photo voltaic manufacturing prices 10 to 12 cents per kilowatt hour (kWh) and shopping for from utilities prices 45 cents,” he mentioned.
One problem, nonetheless, is the dearth of elements and labor.
“There are nonetheless difficulties in provide chains and set up capacities,” Neuhaus mentioned.
Additionally, clients who need a whole solar-based worth chain with panels, batteries, sizzling bomband digital administration, might spend tens of hundreds of euros earlier than they can get rid of their fuel boiler.
Solarwatt is 98 p.c owned by billionaire BMW shareholder Stefan Quandt.
The corporate, which operates in a number of different European markets, plans to extend employees numbers to 940 this yr from 810 in 2022 and 600 in 2021.
