Toshiba – whose PV-related activities range from moduleproduction to EPC work to smart-grids – will from next March begin installingPV systems on a number of apartments owned by GAGFAH, Germany’s largestreal-estate company.
The PV systems themselves will be owned by a group ofpension funds, but operated by Toshiba.
During daytime, Toshiba will buy the PV-generated electricityfrom the pension funds and sell it to the residents of the apartments for a slightlylower price than they would pay from a normal electric utility – a fact madepossible by Germany’s soaring power prices.
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