Solarhybrid sees potential in German solar market in 2012

Aug 26, 2011 - German solar technology company Solarhybrid AG (ETR:SHL) believes its domestic market will once again have significant potential in 2012 as costs for solar systems have dropped and the cuts in subsidies were smaller than expected.

Therefore, the company has stepped up its project development in Germany and has secured projects of up to 120 MWp for next year.

Further domestic projects are currently being evaluated.

Solarhybrid has also expanded its project pipeline abroad, acquiring a 50% stake with a capacity of 120 MW in an Italian solar facility whose construction is due to start in November 2011.

The company has established a subsidiary in the United States, where the new unit will install facilities with a capacity of 15 to 25 MWp over the next 18 months. The subsidiary, called Solarhybrid of America Corp., will first handle only smaller projects, in order to achieve break-even as quickly as possible. As larger projects require a longer planning period, the unit will start working on a facility of 100 MWp or more from 2013 on.

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