21 December 2011
Conergy is about to sell its inverter subsidiary voltwerk electronics GmbH to the Bosch Group, which has its headquarters in Stuttgart. The relevant contract has been signed by the two parties, with the purchase price being kept confidential by mutual agreement. The acquisition is subject to approval by the anti-trust authorities. With a workforce of around 100, voltwerk electronics achieved sales of 68 million euros in 2010. Its product portfolio includes string and central inverters for photovoltaic plants as well as monitoring systems and storage solutions.
14 December 2011
As the year is coming to an end, Conergy has won a further major contract in Thailand, continuing its string of successes in Asia in spite of the recent flooding in the country. The 9 megawatt solar park in Pak Thong Chai in the province of Nakhon Ratchasima some 250 kilometres northeast of Bangkok is already Conergy’s fourth solar park in the country. Back in April the solar experts had secured a major contract for a 12.4 megawatt solar plant in Nakhon Pathom, four hours away, and now a further large-scale project is following in the same region on behalf of local investor CH. Karnchang Public Company Limited.
15 November 2011
Hamburg-based systems supplier Conergy is building a 1.2 megawatt solar park on the site of a former gravel pit in Thalham (Obing) in Southern Bavaria, north-east of the Chiemsee lake. All of the park's system components are being manufactured in the company's own plants. This is the second large-scale German project to be announced within the space of one week, following hot on the heels of the 8.2 megawatt solar park at Grimmen, Mecklenberg-Western Pomerania.
10 November 2011
In spite of the current and persistently difficult market environment, Hamburg-based system supplier Conergy managed to increase its international sales during the first nine months of the year by 26 % to € 414.5 million (first three quarters of 2010: € 330.2 million). Adjusted for price and currency, that corresponds to an increase in the volume of solar module sales totalling 85 percent as compared to the previous year. Particularly encouraging was the strong growthof 62 percent in Asia, as well as the positive trend in Greece, Italy and North America.
9 November 2011
Today, Harry Glawe, Minister for Economic Affairs of Mecklenburg-Vorpommern, and Grimmen mayor Benno Rüster are joining Conergy at the ground-breaking for the 8.2 megawatt solar park in Grimmen. Conergy is acting as general contractor and also supplying all the solar components to be installed at the park. Conergy Partner EBB Renewable Energy GmbH from Flensburg was responsible for the project development.
3 November 2011
Conergy Australia is equipping one of the largest solar plants in the state of Queensland with solar components from its own manufacture. The beacon project, with a capacity of some 400 kilowatts, will involve solar modules mounted on the carport as well as on the roof of the emergency contact centre in Zillmere, some 14 kilometres north of Brisbane. The “Dandiiri Contact Center” receives all emergency calls from the police, ambulances and the fire service – in the future supported by the energy of the sun.
25 October 2011
Conergy is installing one of Italy’s largest rooftop plants on the roofs of the exhibition centre halls in Parma. The large-scale 5 megawatt plant is already the second project commissioned by the Italian trade fair company Fiere di Parma. At the end of 2009, the solar energy company had already installed a 1.7 megawatt rooftop plant. During its first year of operation, this plant, which was also planned and built by Conergy, produced a yield that was far higher than had been forecast in spite of long periods of poor weather. The large-scale plant being built at the moment will spread over the roofs of three halls and at 5 megawatts is nearly three times the size of its little sister.
Conergy is one of the first solar companies to be awarded the necessary unit certification for the operation of its inverters on the medium voltage grid. Since 1st October 2011 solar installations upwards of one megawatt or located 2 kilometres from a grid connection point must be certified in accordance with the medium voltage regulations as stipulated by the German Association of Energy and Water Industries (BDEW) before connection to the grid.
23 October 2011
Dr. Sebastian Biedenkopf, CFO of Conergy AG, has exercised his special right of termination on the basis of the change in Conergy's shareholder structure which occurred in July of this year. According to the contractual arrangement he will leave the company end of February 2012.
18 October 2011
Over the last month, Conergy has secured orders for various solar power plants totalling more than 5 megawatts in the USA in three different US states. Conergy continues to lead with proven expertise project development services planning, financing, engineering, procurement, construction, permitting and operations and maintenance.
26 September 2011
Stefan Balbierz is due to become the new Managing Director of Conergy Deutschland GmbH. On 1 October 2011, the experienced sales expert will take over the management of the Conergy business in the group’s most important national market.
8 September 2011
The global solar market in 2011 is suffering from substantial pressure on prices as well as over-capacity. Conergy is reacting to the current difficult market situation by planning to focus on more profitable module production at its plant in Frankfurt (Oder). As it is currently not possible to cover the costs of wafer and cell manufacturing, these will be discontinued for the time being. These planned changes will allow Conergy to continue to operate competitively and profitably at its plant in Frankfurt (Oder), even in the current difficult market environment.
26 August 2011
Conergy shareholders appointed at today’s AGM the new supervisory Board of the company. All other proposed resolutions were approved with a large majority as well.
In the 2nd quarter of 2011 Conergy was able to improve its business and curb its operating losses compared to the prior quarter 2011, despite a still-difficult market environment. Conergy increased sales by almost 40% to € 225.2 million in the reporting period (Q1 2011: € 163.3 million). The Hamburg-based company cut its operating losses (EBITDA) in half to € -6.7 million (Q1 2011: € -12.3 million) while only slightly lowering its gross profit margin.
9 August 2011
As of 29 August 2011, Conergy will be one of the first solar energy companies worldwide to offer training to become a TÜV-certified construction supervisor for photovoltaic systems. The nine-day course organised in collaboration with TÜV Rhineland will be held at the Hamburg and Nürnberg training sites. Conergy offers then installers the first training option certified by independent, external experts to become construction supervisors.
3 August 2011
The new Italian solar energy law, the “Quarto Conto Energia” will reward plant operators who use solar systems which are “Made in Europe”. They will be able to benefit straight away from a 10% increase in feed-in tariffs.And now the Italian Energy Agency has also published technical guidelines which detail exactly which products are considered to be “Made in Europe” and which are not. Conergy already meets virtually every one of these guidelines – whether with Conergy modules, Conergy inverters or Conergy mounting systems.
21 July 2011
The execution of Conergy’s cash as well as the in-kind capital increase has been entered with the commercial register today. Thus, the company’s refinancing is successfully completed. Thereby Conergy has now reduced its credit liabilities from € 323m by € 188m to € 135m. Additionally, the new loan agreement amounting € 135m is in effect since today. The loan will be granted for four years at market terms.
14 July 2011
All incumbent members of the Supervisory Board of Conergy AG will resign from their positions with effect upon the conclusion of the Annual General Meeting of Conergy AG to be held on 26 August 2011. This decision is based on the future changed ownership structure of the company, which becomes apparent after the conclusion of the subscription period for the cash capital increase. The future members of the Supervisory Board will be elected at the Annual General Meeting in August.
13 July 2011
After the expiry of the subscription period, the results of the cash capital increase by Conergy AG passed at the extraordinary shareholders' meeting on 25 February 2011 have now been determined. During the two-week subscription period that ended on 12 July, shareholders exercised their subscription right for a total of 13,226,962 new shares with a proportionate amount in share capital in the amount of a total of € 13,226,962 at the subscription price of € 1.05 per new share. Conergy will use the net issue proceeds from the subscribed capital increase, as passed at the shareholders' meeting, to reduce loan claims from its creditors.
The Conergy Group has completed Great Britain’s largest solar power plant. The 5 MW free-field park is situated in Hawton, near Newark on Trent in Nottinghamshire. The “fast-track” project was built in cooperation with Conergy’s local partner Lark Energy and was completed only six weeks after receiving the planning consent on the 24 May 2011.
27 June 2011
Hamburg-based Conergy AG hits the home stretch of the company’s substantial debt reduction. Following the approval by the Higher Regional Court of the Hanseatic City of Hamburg regarding the resolutions passed by the extraordinary shareholders’ meeting in February, the company has begun implementing the planned capital measures. A capital reduction will first be carried out as planned, followed directly by a capital increase against contribution in cash and possibly in kind. Today, Management Board and Supervisory Board of Conergy AG voted on the specific details of the implementation of the subscribed capital increase against cash contribution. Given the final agreement between the company and the future lenders this paves the way for the refinancing of the company, which will relieve Conergy of around €190m in debt and thereby considerably reduce the company's interest payments burden.
20 June 2011
After the 1.5 megawatt big solar park in Arta, Conergy continues its successful course in the Greek solar market. The Hamburg based solar expert builds its second megawatt project in Greece within just two weeks. The new 2 megawatt power plant is located in Grevena (Pylori), 200 kilometers west of Thessaloniki. On an area of 6 hectare 8,856 Conergy PowerPlus 225P modules produce 2,900 megawatt hours of clean electricity per year – enough for 645 households – thus avoiding around 2,180 tons of CO2 emissions annually. After completion of the constructions in two months, two Conergy CIS central inverter stations feed the solar energy into the grid.
15 June 2011
Within the scope of its 2010 annual reporting, Conergy AG projected that sales would rise to over one billion euros and its EBITDA would be in the mid-double-digit millions for the 2011 fiscal year. Based on the development of business to date, the company does no longer maintain its forecast.
07 June 2011
Conergy dynamically continues its successful course in the Greek solar market by building another large-scale 1.5 megawatt solar park in Arta, around 400 kilometers north-west of Athens. On an area of 4.7 hectare 6,648 Conergy PowerPlus 225P premium modules on Conergy SolarLinea mounting systems will provide maximum yields. They produce 2,253 megawatt hours of clean energy per year thus avoiding 1,694 tons of CO2 emissions annually. Two Conergy CIS 900 and 600 inverter stations feed the solar energy into the grid once the solar park is completed in four months time.
7 June 2011
Conergy helps to make Germany's roofs look more attractive. The Hamburg-based solar system manufacturer will show off both of its synchronised Complete systems "Conergy Complete 200" and "Conergy Complete 300" for the first time at the Munich trade-fair Intersolar. With their new "black" look, the systems really stand out from the usual run-of-the-mill solar installations. However, Conergy's new Complete solutions don't just look great from the outside but also have a great deal going on inside. This makes them not only easy to install but also means better safety and better output.
6 June 2011
New high performance additions to the Conergy PowerPlus module family: The new 240 watt 60 cell premium module is available as either a monocrystalline or polycrystalline module. Conergy has extended the range even further with its little brother, the 48 cell module, and offers customers a further high performance option with the 190 watt Conergy PowerPlus MC. The larger clamping areas on both the long and short sides give the installation engineer much more flexibility – and even corner clamping is now possible.
01 June 2011
Conergy Greece once again strengthens its presence beyond the Hellenic territory with the completion of a 630kWp solar plant on the rooftop of one of the BIG shopping centers, located at Tiberius in Israel. BIG Shopping Centers ltd is a public company traded in the Tel Aviv Stock Exchange. The solar system features premium Conergy components, combining the high-efficiency Conergy PowerPlus solar modules with Conergy IPG 300k central inverters, enable Big Shopping Centers ltd to further pursue their eco-friendly strategy. The company has ambitious goals: It is planning to install solar systems on the rooftops of 10 of its shopping centers in Israel that are spread all over the country, and is considered to be one of the pioneers and main players in this field. With the completion of the first solar plant built by a designated subsidiary of Big Shopping Centers together with Conergy’s local partner Unirom Electronics who was responsible for the planning, installation and the electrical design, the chain started this ambitious project.
The Hamburg solar company will present its new mounting systems for industrial flat roofs, the Conergy SolarFamulus Air, at Intersolar for the first time. Developed by an aircraft construction engineer the lightweight mounting system benefits from optimum aerodynamics and minimum roof load: the principle is similar to that of the spoiler on a racing car, as the baffles help to significantly reduce vertical, lifting stresses caused by wind. This means that the SolarFamulus Air's aerodynamic shape together with its own weight and the use of minimal additional ballasting hold it in place on the roof – without any roof penetration. This makes it ideal for foil roofs or lightweight roofs.
31 May 2011
the Hamburg-based system manufacturer Conergy will be presenting its new solar storage solution for the first time at Intersolar. This storage system has a highly-efficient, integrated string inverter and an intelligent energy management system based on modern lithium-ion technology. These will be widely used in the electric cars of the future. With its nominal power of 5.5 kilowatts and its storage capacity of up to 13.2 kilowatt hours, the hybrid inverter with its storage function is designed for 4-person households. The fridge-sized device weighs 220 kilos.
30 May 2011
Eleven different output classes, two sizes of stations, top system efficiency: Conergy CIS central inverter stations allow customers to select the size they need with a choice of output between 400 and 1,400 kilowatts (AC). New to the product portfolio are the CIS stations in the 1,050 kW output class and the new muscleman which packs 1,400 kilowatts. These little houses are available in two sizes and are fully-equipped – inside you'll find the powerful Conergy IPG C inverter with a peak efficiency level of 98.7%. And they’re not just top athletes, as CIS housemates they’re also real team players, as is shown by the fact that they have the best system efficiency on the market at 98.2%.
25 May 2011
At Intersolar to be held in Munich from 8-10 June 2011, the Hamburg-based system manufacturer Conergy will be presenting for the first time its expanded product portfolio of central inverters. The existing Conergy IPG C family with 200 and 300 kilowatt (AC) devices is now getting a big brother: the IPG 350C is the same size but even more powerful. The whole family is up to two percentage points above most of the competitor’s devices with a peak efficiency level of 98.7% and a European efficiency level of 98.5%, making them some of the best products on the market.
24 May 2011
The Hamburg-based solar company Conergy will be presenting for the first time its new trapezoidal roof solution, the Conergy SunTop Trapez at Intersolar in Munich. This new roof solution stands out from the competition thanks to its innovative, flexible mounting system. Almost all trapezoidal roof systems on the market are fixed from above onto the raised bead of the metal roof, but with the Conergy SunTop Trapez it is fixed laterally to the raised bead of the trapezoidal roof using two opposing trapezoidal mounts.
12 May 2011
Despite difficult market conditions, the Hamburg-based solar company Conergy was able to increase its sales in the first quarter of 2011 by 8.6% compared to the previous year to € 163.3 million (previous year: € 150.3 million). The solar specialists have particularly managed to continue expanding their international business. With high foreign sales amounting to € 122.1 million (previous year: € 74.8 million) – around 75% of total sales – Conergy has proved it is well established in the international market.
11 May 2011
The Hamburg-based system manufacturer, Conergy, reinforces its presence in the North American growth market with its first solar power system in North America equipped with its own premium modules manufactured in Germany. The 320 kilowatt solar plant that Conergy developed with its Hawaiian partner 21st Century is located on the roof top of Fujifilm’s branch office in Oahu.
06 May 2011
Conergy, the solar expert from Hamburg is launching its Conergy ON Modules to the Canadian market in May 2011. With the launch of Conergy ON, the company brings reliability and safety to the Canadian solar market. The increased demand for locally produced solar components in 2010 repeatedly led to module shortages and uncertainties over quality in Ontario. Through a two-year framework agreement with a manufacturing partner based in Ontario, Conergy secures production capacities for the Conergy ON modules and thus offers its dealers and installers long-term planning security and reliable quality.
4 May 2011
The Supervisory Board of Hamburg-based Conergy AG appointed Alexander Gorski as Deputy Board Member. Wit immediate effect, Gorski strengthens the existing Conergy Board consisting of CFO Dr. Sebastian Biedenkopf and CSO Andreas Wilsdorf, as a Deputy Board Member for Operations & Services. In this new position, he is responsible for the Supply Chain as well as for Quality Management and Customer Service.
28 April 2011
Efficient planning is half the battle. Therefore, Conergy supports installation engineers with its free planning tool Conergizer. The Hamburg-based company has provided this tool with an even wider range of functions. Through this, the system manufacturer offers its customers all functions in one package – from system planning, own consumption and insurance up to profitability calculations.
This saves one thing above all: Time. With the Conergizer, the installation engineers are often more than twice as fast as without the tool.
26 April 2011
With the 12.4 megawatt solar park in Nakhon Pathom province, Conergy is building the third solar park on Thai soil within one year. Together with its local partner Annex Power, a Bangkok-based systems integrator, the solar experts are constructing a park covering an area of 268,500 square meters – equivalent to the size of 25 soccer fields.
14 April 2011
Conergy continues its successful course in Spain: The solar experts just installed the largest solar rooftop system on the Canary Islands. The 1.75 kilowatt power plant is located on the 14,000 square metre roof of the coffee roaster Emicela in Aqüimes on Gran Canary. The investor of the new solar installation is Bankia. In a record time of only two months, the Conergy engineers installed more than 7,600 Conergy PowerPlus Modules and more than 15 kilometres Conergy SolarFamulus and SunTop III mounting systems. Annually the premium modules produce 2,600 megawatt hours of electricity from the canary sun in the future. A total of 72 Conergy inverters from the IPG series feed the electricity into the local grid. The power plant in the idyllically situated coastal town thus avoids 1,000 tons of the harmful greenhouse gas CO2 per year.
13 April 2011
In the north of Brandenburg, 50 kilometres north-west of Berlin, the Hamburg-based solar experts have built a 2.2 megawatt solar park. In a record time of just six weeks, Conergy installed 27,300 modules on its own SolarLinea Conergy mounting systems on a total area of more than 11 football fields. Annually the solar park produces 2,134 megawatts hours of clean solar electricity, which is fed into the grid with the help of 130 Conergy IPG 15 T inverters. This can provide not only approximately 550 households with climate-friendly electricity, but also prevent nearly 1,400 tonnes of CO2 emissions.
29 March 2011
Hamburg, March 29, 2011 – In the past fiscal year Conergy AG boosted its sales by 52% to € 913.5 million (2009: € 600.9 million).The solar specialists were able to further develop both their domestic and international business.With continued high foreign sales of 54%, Conergy also showed that its international operations remain strong.
22 March 2011
The Hamburg-based system manufacturer Conergy from now on offers a new version of its product, the Conergy CIS inverter stations. These 400-kilowatts to 1.2-megawatt turnkey stations are available not just with conventional oil transformers as previously, but also with dry resin transformers. Due to strict regulations, they are often required in Italy.
14 March 2011
A total worry-free package with guaranteed income for a completely safe system – in the future this is no longer a dream, but can become reality for customers with Conergy solar systems: With the “Conergy Premium Fully Comprehensive”, the company from Hamburg now offers an output insurance, in addition to the already established All-Risk and Business Interruption insurance. This insurance already covered external factors, like not enough sunlight. The Conergy Premium Fully Comprehensive Output Insurance for small solar systems up to 300 kilowatts now tops that. For up to five years, it protects its customers from reduced yields, resulting, for example, from defects in components or configuration, degradation or de-lamination of modules, and will compensate for up to 90% of the yield.
25 February 2011
At today's General Meeting, Conergy shareholders approved the planned refinancing of the company with a clear majority. This now allows the company to implement the key actions - and rid itself from approximately € 190 million debt and also reduce its interest burden considerably.
23 February 2011
In the past fiscal year Conergy AG boosted its sales by more than 50% to € 913.5 million (2009: € 600.9 million). In doing so, the solar company managed to further expand both its national and international business. With 54% Conergy´s international sales remained on a high level.
21 February 2011
The Conergy solution for the consumption of your own solar energy goes app: As of right now, the free software application for solar power system is available in Apple’s App Store. Thus, Conergy’s own consumption solution is now available in portable pocket format.The consumer now is able to always have an eye on his or her own energy consumption – and can optimise and control it also when being on the move.
8 February 2011
As planned, the solar system manufacturer Conergy AG has sold its biogas activities to Munich-based RES Projects GmbH, one of the leading specialists in the planning and realization of bio-methane installations. With the acquisition of the biogas activities of Conergy subsidy EPURON GmbH, RES Projects broadens its service portfolio and market position.
3 February 2011
The Conergy PowerPlus module now has another recognition to add to its numerous awards for quality: During the independent module test of TÜV Rhineland and Solarpraxis AG, the Conergy premium module was awarded the "PV+Test" seal of quality and received an overall rating of "good+". Its performance parameters were particularly convincing: The Conergy PowerPlus module was captivating among the eight tested quality modules – seven of which are from renowned European manufacturers – with the highest efficiency rate and a proven increased output of 2% compared to the promised yield. The module is also best in its class for temperature behavior under real operating and outside temperatures. Here, the Conergy module boasted the lowest power loss by far with rising temperatures and solar irradiation. This behavior also greatly influences the total yield of the module.
Conergy goes to the UK – and brings quality solar power “Made in Germany” to the United Kingdom. Solar power systems, perfectly tailored for the local light conditions provide immediate high returns and real solar enjoyment for British customers. In addition, Conergy brings concentrated knowledge to the island: In the future, in an emerging market, distributors and installing engineers will also benefit from Conergy’s twelve years of experience in design, engineering and installation. As of right now, this is ensured by Conergy’s new representative office in Milton Keynes.
25 January 2011
As planned, Conergy AG has agreed to sell their subsidiary Güstrower Wärmepumpen GmbH, specialists in the production and sale of heat pumps, to SmartHeat Inc. SmartHeat is listed on the US NASDAQ and is a market leader in serving China’s heat transfer and energy savings industry. As a result of the sale, 100% share ownership of Güstrower Wärmepumpen will be transferred to SmartHeat. Güstrower Wärmepumpen GmbH will also take over the Conergy factory premises.
14 January 2011
In accordance with the restructuring concept, the Management Board of Conergy AG has decided to pass on the company's debt reduction resulting from the restructuring to individual subsidiaries of the Conergy Group. As a result, Conergy has freed individual domestic and foreign subsidiaries from a major portion of their liabilities vis-à-vis Conergy AG as the group parent company.
These debt reduction measures and the accompanying revaluation of the subsidiaries will lead to a loss of about € 190 million in the single entity financial statement of Conergy AG as of 31 December 2010, prepared in accordance with the German Commercial Code. At the Conergy AG level, this additional charge on earnings will result in a loss amounting to half of the company's share capital. For this reason, the Management Board will immediately summon an extraordinary general meeting in accordance with § 92 (1) of the German Joint Stock Corporation Act.
13 January 2011
Conergy Italy is continuing its success course and building five new solar projects with a total capacity of 4.1 megawatts. In addition to three free-field systems with 2.8 megawatts in output, the solar group is also building two industrial on-roof systems with a total of 1.3 megawatts. All five solar energy installations are completely equipped with Conergy’s own in-house system technology. To this end, the Hamburg-based company has mounted a total of 18,500 Conergy PowerPlus modules on Conergy mounting systems that will now produce more than 4,500 megawatt hours of clean electricity each year.
10 January 2011
Due to the high demand for Conergy products, the Hamburg-based solar energy company's production facilities for modules, inverters, and mounting systems worked at full speed in 2010, straining their capacity limits. The positive demand trend for Conergy products is here to stay: owing to its international positioning, Conergy expects further growth in 2011 and beyond, especially in markets outside Germany. To be able to meet the high demand, Conergy is stepping up its production capacities.