German household rooftop solar power solar watts '50% increase this year'

Home solar power systems in Germany are expected to increase by 50% this year, Reuters reported on the 12th from Frankfurt.
According to Reuters, the CEO of Solarwatt, a German home solar power system company, said that this year's revenue growth will reach 500 million euros ($538 million), an increase of more than 50% and rise to 1 billion euros by 2025. said it would be possible.
German Solarwatt provides independent homes with advanced solar rooftop systems that combine storage batteries and energy management devices with devices from other power providers.
Solar Watt has reduced its vulnerability to price competition by commercializing its technological edge in power exchange systems, unlike other German solar companies that have declined due to low-cost supply from Asian countries such as China over the past 10 years.
"We are a lifelong supplier to those who want to become self-sustaining on renewable energy," Solarwatt CEO Detlef Neuhaus told Reuters of reaching its profitability target this year. "Growth is strong and healthy."
Solarwatt Solar Systems, headquartered in Dresden, said its sales doubled from 32,000 in 2021 to 66,000 in 2022, and expected to increase to 100,000 this year.
Solarwatt's sales more than doubled from 160 million euros in 2021 to 330 million euros in 2022.
Solar Watt's CEO said of the power cost savings with a compatible system for residential solar, "home solar production costs 10-12 cents per kWh and utility purchases cost 45 cents."
German solar leasing company Enpal on Monday raised 215 million euros ($230 million) of capital to expand its business in response to rising energy prices and meet growing demand for residential solar power. said to secure.
An Enpal spokesperson told Reuters on the day: “A new financing round for a company that leases solar systems, including technical support and maintenance services, will value the Berlin-based company by around 2.2 billion euros ($2.35 billion). elevated,” he said.
Enpal was founded in 2017, has 30,000 customers in Germany, installs 2,000 new solar energy systems per month, and generated revenue of more than 400 million euros last year.
D Funding, a solar business recruitment series, is led by TPG Rise Climate, a climate-focused private equity fund, and the Westly Group, an early investor in Tesla, the largest electric vehicle in the United States, and Activate Capital, a US venture capital firm, are new. It is participating as an investor, Reuters said.
Enpal secured 855 million euros in financing from ING, Pricoa Private Equity Capital, UniCredit, and Infranity, including BlackRock, the largest private equity fund in the US, in December last year, according to Reuters. revealed
A December survey by the German Solar Power Association (BSW) found that three-quarters of German homeowners would consider installing a solar system on their roof, with one in five planning to do so within the next 12 months.
BSW estimates that new solar installations in Germany increased by around 30% last year.
"There are still challenges with the supply chain and installed capacity," Solarat's CEO told Reuters, citing "parts and labor shortages" in installation rather than technical issues.
Reuters raised the cost of installing solar systems, saying households "may have to spend tens of thousands of euros before demolishing gas boilers" across the entire solar-powered value chain with digital management of panels, batteries and heat pumps.
German Solawat is 98% owned by billionaire automaker BMW shareholder Stefan Quandt.
Solawat also operates in European markets outside of Germany, and plans to increase the number of employees from 600 in 2021 to 810 in 2022 and 940 this year.

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