The good with the bad: – Germany breaks its own record and produced almost 24GWs worth of power at 1pm local time. That equates to over 40% of its electricity demand at lunch times peak! The bad news being that Conergy, once one of Europe’s biggest solar companies, has filed for insolvency.
According to CleanTechnica, Germany’s solar output climbed to around 23.9GW’s at around 1.45pm local time breaking the 23.4GW record they set in April of this year. The record was shown on the SMA Solar Technology live solar power output webpage.
The solar output record comes from around 1.3million to 1.4million solar power systems around the country – plus or minus 8.5million people live in places with solar power producing electricity and/or heating. Since the record was only reached about 10 hours ago, we are still waiting on the exact figures to be confirmed but the SMA website gives us a pretty solid conclusion that the previous record has been broken.
Conergy, once Europe’s largest solar company, has been struggling for a while and has since lost its fight at trying to secure investors – they filed for bankruptcy on Friday. Apparently, the company just ran out of time and money. They say that they had not been able to sway any of its ten creditors and two of its subsidiaries were insolvent.
About 800 out of the estimated 1200 employees globally have been affected by the insolvency. International subsidiaries (the remaining 400 employees) have not been affected thus far.
Philip Comberg, Conergy chief executive, said in a statement: “In the last 15 months, we have presented two concrete concepts on the investment by investors to our lenders. We very much regret that they repeatedly could not reach a reliable agreement on a timely implementation of the proposal.”
“The management board will now fully support the preliminary insolvency administrator in order to hopefully secure all jobs and to continue business operations without any disruptions,” said Mr Comberg.
Many are confident that the company will continue and the insolvency administrator will be able to strike a deal with new investments.