Recently E.ON opened the company’s first solar farm near the
southern French town of Le Lauzet. The farm occupies an area of more
than 20 hectares, has an installed capacity of 1 megawatt (MW), and
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could be expanded to 5 MW subject to the availability of a similarly
sized grid connection.
Germany utility E.ON AG (EOAN.XE) said Tuesday it agreed to acquire French photovoltaic company Société Conilhac Energies S.A.S.
Conilhac already worked successfully as developer of photovoltaic
projects in southern France and assembled a significant pipeline of
photovoltaic projects at various stages of maturity. The acquisition
will enhance E.ON’s capabilities to develop and implement photovoltaic
projects in an industrialized fashion. Between 2003 and 2008 the global
photovoltaic market grew from an annual installation rate of 600 MW to
around 5,600 MW, a compounded annual growth rate of no less than 55 per
cent. Today photovoltaic is still one of the most expensive renewable
technologies, but based on the current rate of technology development
and price reduction, wind parity is expected to be achieved in many
countries between 2015 and 2020.