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Solar power boom in Germany, says firm

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This quantity may attain a whopping €1 billion ($1.45 billion) by 2025, Solarwatt’s chief government stated. Reutersand the corporate has formidable plans to extend its headcount to 940 this yr from 810 in 2022 and 600 in 2021.

In 2022, Solarwatt gross sales totaled €330 million ($479 million), doubling the 2021 income that reached €160 million ($232 million).

Sturdy and wholesome

“The expansion is robust and wholesome,” stated Detlef Neuhaus in a Reuters interview.

There’s a rush throughout Europe to put in photo voltaic panels, batteries and warmth pumps to cut back residents’ dependence on Russian vitality and the accompanying vital costs that proceed to rise.

“We’re a lifelong provider to individuals who need to develop into self-reliant in renewable vitality,” Neuhaus stated.

Solarwatt’s high-end photovoltaic rooftop methods may be mixed with their very own storage batteries and vitality administration gadgets or these from different suppliers.

This makes the corporate much less prone to being overtaken by cheaper Asian rivals which have undercut some German photo voltaic corporations over the previous 10 years.

Solarwatt expertise additionally helps householders who need to cut back their affect on the surroundings, how they energy their houses, and the way they drive their electrical automobiles.

“That is smart, as a result of house photo voltaic manufacturing prices 10 to 12 cents per kilowatt hour (kWh) and shopping for from utilities prices 45 cents,” Neuhaus stated.

Arduous occasions

Not all is rosy although. Regardless of its present success, Solarwatt nonetheless struggles with a scarcity of elements and labor.





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