Photovoltaic Power Business for Apartment Buildings: Toshiba landed in Germany.

  

Every year, consumers see higher electricity bills; which  represents progressively an important source of expenditure for the family budgets which are already strained.

To help consumers tackle this issue, Toshiba brings a new on-site consumption model that will operate independently of the feed-in tariff system, and that is expected to

reduce burden on the regional gird and the environment.

Connectikpeople observes that:

·        The system will be funded and owned by a group of pension funds. The German branch of UK-based Toshiba International Europe (TIL) will install Toshiba’s PV systems in family apartments owned by GAGFAH, and operate and manage them.

·        Toshiba International Europe (TIL) will purchase the generated power from the pension funds and sell it the apartment buildings’ residents at a lower rate than that charged by electric utilities.

·        When the PV system is not operational, on cloudy days and at night, TIL will purchase electricity in the wholesale market and sell it to residents at the same rate as electricity from the solar power system.

Finally, Connectikpeople recalls that, Toshiba will initially install 3MW solar power systems serving 750 apartments and then increase it to more than 100MW in Germany by 2016.