Toshiba Corp. (6502) will enter the German
solar-energy market, seeking to sell electricity to residents of
apartment buildings at cheaper rates than those of utilities.
Toshiba from March will team up with Gagfah SA (GFJ), the second-biggest owner of German residences, to fit solar facilities to
buildings in Villingen-Schwenningen and Ostfildern, it said in a
statement on its website today. Toshiba will build 3 megawatts
initially and plans to raise that to 100 megawatts by 2016.
Germany has “recently seen higher electricity bills every
year, along with a lower feed-in price for surplus solar
power,” the Tokyo-based company said. “Toshiba is responding
with a new on-site consumption model that will operate
independently of the feed-in tariff system, and that is expected
to reduce the burden on the regional grid and the environment.”
Building solar plants to provide electricity for residents
is increasingly lucrative in Europe’s biggest energy market as
household power prices have risen to be the second-highest in
the European Union, data from Eurostat shows. Utilities such as
EON SE and RWE AG (RWE) and EnBW Energie Baden-Wuerttemberg AG (EBK) are
among the biggest providers of power in Germany.
Toshiba will buy power in the wholesale market when the
solar plants don’t produce, for example at night, and sell it to
residents at the same rate as the solar power, it said. The
company eventually plans to add batteries and energy-management
systems to deliver solar power day and night, Toshiba said.
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To contact the editor responsible for this story:
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