| IBC SOLAR is opening an official Czech subsidiary, IBC SOLAR s.r.o., on September 1, 2010 in Prague. The subsidiary will be managed by Gerhard Travnicek and will extend IBC SOLAR’s position in the Czech and Slovakian photovoltaics market, by setting up a network of premium partners. IBC SOLAR s.r.o. will take over the activities of the Prague branch office and will continue to be lead by Gerhard Travnicek, who will be the General Manager. The decision to transition the branch office to an independent subsidiary was made in order to further push the market development in the Czech Republic and Slovakia. Of the estimated 100MWp market volume in the Czech Republic, IBC SOLAR s.r.o. aims to achieve around ten percent. "The developments of the Czech PVNot only the abbreviation for photovoltaics. The term is composed of Photon (Hellenistic for light) and the name of the physicist Alessandor Volta (1745 – 1827), at his time one of the leading scientists in the field of galvanic electricity (chemical procedures as for instance while immersing metals into acid. He constructed the first electrical battery in 1780. market have shown, that the decision to set up an office in Prague in 2009 was the right move", stated Udo Möhrstedt, CEO of IBC SOLAR AG. "From now on, our subsidiary will directly deliver our products and services to our customers in the Czech Re-public and Slovakia." The regional conditions in the Czech Republic are well-suited to the photovoltaicAbbrevatied.: PV. Technology that turns solar energy into electricity via solar cells. production of en-ergy. The solar radiation values are comparable to that of southern Germany. Moreover, the legal conditions for photovoltaic systems in the Czech Republic are attractive. Ultimately, every kilowatt-hour of electricity fed into the grid for roof systems of up to 30 kWpThe maximum possible output of a solar generator operating under standard conditions is defined as its peak output, which is measured in watts or kilowatts and stated as either Wp (watt, peak) or kWp, respectively. is compensated with around 47 cent. Also in Slovakia there is a law in order to subsidise renewable energies and a feed-in tariff for solar electricity. For solar power plants with a maximum 100 kWp, the tariff guarantees around 43 Cent for each kilowatt hour that is fed into the power grid over a period of 15 years. "With our expansion in the Czech Republic and Slovakia, we will focus on the quality that IBC SOLAR is renowned for around the world," explains Gerhard Travnicek. "In order to share our idea of quality among installers, partners and consumers, IBC SOLAR will be starting another round of trainings. In addition, we have plans to participate in various fairs and conferences to make our brand well-known in the Czech Republic and Slovakia." |
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