Toshiba to become German PV utility

Japan’s Toshiba has announced a landmark PV initiative in Germany, which will see it become a solar-fuelled, subsidy-free power utility for a growing group of homeowners.

Toshiba – whose PV-related activities range from module production to EPC work to smart-grids – will from next March begin installing PV systems on a number of apartments owned by GAGFAH, Germany’s largest real-estate company.

The PV systems themselves will be owned by a group of pension funds, but operated by Toshiba.

During daytime, Toshiba will buy the PV-generated electricity from the pension funds and sell it to the residents of the apartments for a slightly lower price than they would pay from a normal electric utility – a fact made possible by Germany’s soaring power prices.

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