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TubeSolar AG: Proposal for EEG 2021 gives preference to agro-photovoltaic plants - Feed-in tariff for agro-PV as demand driver

·3-min read

DGAP-News: TubeSolar AG / Key word(s): Incoming Orders/Legal Matter
12.11.2020 / 14:08
The issuer is solely responsible for the content of this announcement.

 

Corporate news

TubeSolar AG: Proposal for EEG 2021 gives preference to agro-photovoltaic plants - Feed-in tariff for agro-PV as demand driver

Augsburg, November 12, 2020 - TubeSolar AG (ISIN DE000A2PXQD4, Düsseldorf Stock Exchange) welcomes the recommendation of the responsible economic, agricultural and environmental committees of the German Bundesrat on the 2021 Renewable Energy Sources Act (EEG). In the paper, which is almost 100 pages long, the main aim is to promote solar power generation, in particular by promoting agro-photovoltaic systems.

The target for 2030 is a 65% green share of total electricity consumption. This already requires significantly more efforts in solar power generation. Innovative agro-photovoltaic solutions are an important element in achieving this goal.

In recent years, ground-mounted systems have significantly reduced the cost of solar power, but have also used up or sealed off land and prevented further use. Above all, solar solutions that are installed above or integrated into agricultural land offer good opportunities to reduce the competition for land. This increases acceptance among the population. In order to tap the enormous potential of the land, the recommendation considers separate tender segments to be useful, which make it possible to build agro-PV systems quickly and easily.

So far there is no feed-in tariff for the agricultural photovoltaic segment. In the future there could be a feed-in tariff of up to eight eurocents per kilowatt hour for agro-photovoltaic plants. In addition, tenders for a total of almost 3,000 megawatts are planned in this segment until 2030. The annual volume of tenders is to be 50 megawatts in 2021 and 2022 and 100 megawatts in 2023 and 2024. From 2025, an annual volume of 500 megawatts is to be put out to tender.

Jürgen Gallina, member of the Managing Board of TubeSolar AG: "If the current draft resolution results in a law, it will also significantly boost demand for our product. We are already seeing great interest in our innovative TubeSolar modules over agricultural land. Under certain circumstances, our initially limited production capacities mean that we may already be sold out in a few months for years in advance. "

About TubeSolar (www.tubesolar.de)
As a spin-off, TubeSolar AG has taken over the laboratory production including patents from OSRAM/LEDVANCE in Augsburg and has been using this patented technology since 2019 to manufacture photovoltaic thin-film tubes that are assembled into modules. These have considerable advantages over silicon solar modules in terms of weight, geometry, material usage, yield, long-term stability and recycling. The technology is to be used primarily in the agricultural sector and will span agricultural production areas. Over the next few years, it is planned to expand production in Augsburg to an annual production capacity of 250 MW.

On the draft resolution of the Federal Council
Bundesrat Printed Paper 569/20 (Decision)
https://www.bundesrat.de/SharedDocs/drucksachen/2020/0501-0600/569-20(B).pdf?__blob=publicationFile&v=1

Service
website: www.tubesolar.de
Investor Relations contact:
Maximilian Fischer, mailto: m.fischer@tubesolar.de
max Equity Marketing GmbH, Marienplatz 2, 80331 Munich, Germany, Tel.: +49 89 13928890


12.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

TubeSolar AG

Berliner Allee 65

86153 Augsburg

Germany

Phone:

+49 821 899 830 50

E-mail:

ir@tubesolar.de

Internet:

www.tubesolar.de

ISIN:

DE000A2PXQD4

WKN:

A2PXQD

Listed:

Regulated Unofficial Market in Dusseldorf

EQS News ID:

1147729


 

End of News

DGAP News Service

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