Baywa applies for StaRUG procedure
This is a significant development for Baywa AG, indicating that while the company has secured support from the majority of its creditors, it still requires the StaRUG procedure to ensure full legal certainty for its restructuring plan.
The extension of financing terms, job cuts, and a capital increase show that Baywa is taking decisive steps to stabilize its financial position.
Zero energy costs for the future: Octopus Energy wins FingerHaus as new partner for Zero Bills Home
This partnership between Octopus Energy and FingerHaus is a major step toward making zero-energy-cost homes mainstream in Germany.
By integrating solar, battery storage, and heat pumps with smart energy management, they are addressing both cost security and sustainability.
US government increases tariffs on Chinese polysilicon, wafers and solar cells to 60 percent
US President Donald Trump has issued an executive order imposing new tariffs of 10 percent on Chinese solar materials, while similar tariffs on Canadian and Mexican products are being postponed for the time being.
The measure follows tariff increases by former President Joe Biden. This increases the tariffs on polysilicon, wafers, and cells from China to a total of 60 percent under Section 301.
Solar energy is booming in Lower Saxony and Bremen
Lower Saxony and Bremen together achieved a solar energy increase of around 1,600 megawatts of nominal output.
This corresponds to an increase of 18.44 percent compared to 2023. This was the result of an evaluation of the market master data register maintained by the Federal Network Agency by the LEE.
Kerstin Andreae is “Energy Manager of the Year”
Kerstin Andreae’s recognition as Energy Manager of the Year highlights her pivotal role in shaping Germany’s energy transition.
As the head of BDEW, she has successfully navigated the industry through critical challenges, including the gas supply crisis and the expansion of heating networks. Her ability to balance the interests of large utilities, municipal providers, and policymakers has made her an influential voice in the sector.
Lack of skilled workers could delay climate-proofing Europe’s homes and cities.
The combination of aging buildings, climate change, and a shortage of skilled workers presents a significant challenge for Europe’s construction and energy sectors.
The push for climate adaptation - through flood resilience, heat-proofing, and sustainable materials - requires specialized expertise, which is currently in short supply. This labour shortage could also impact the solar EPC industry, where skilled workers are essential for installing
rooftop solar, energy-efficient heating systems, and sustainable retrofits.
Sven Wolf becomes new CEO of MET Germany
Dr. Sven Wolf’s appointment as CEO of MET Germany GmbH signals MET Group’s strong commitment to expanding in Germany’s energy market.
His background in energy trading, renewables, and business development aligns with MET’s strategy of growing both organically and through acquisitions. Given his experience in PPAs, renewable energy, and energy efficiency, this could indicate a stronger push into solar and battery storage projects.
Comments