SunEdison buys 100MWh of Imergy batteries for Indian micro-grid projects

US renewable energy developer SunEdison is planning to power rural electrification and micro-grid projects in India with vanadium flow batteries, announcing that it plans to purchase 100 megawatt hours-plus from Imergy Power Systems.

According to SunEdison's website, the move ties in with the company's aim to help some of the 1.5 billion people around the world who lack basic access to electricity, starting by bringing solar electricity to 54 villages in India with a combined population of around 7,800 people.Micro-grids with battery storage will be paired with 241kW PV arrays, with the company apparently pledging to transfer operation of the micro-grids to the local population within five years of their going online.India seems like an appropriate place for SunEdison to undertake this mission.

Dr Rahul Walawalkar of the India Energy Storage Alliance, blogging for PV Tech's sister site, PV Tech Storage, in November last year, wrote about the 100 million or so households in India - representing around 400 million people in a total population of 1.2 billion - that lack even basic access to electricity.A full version of this article, including insight into the technology used in Imergy's batteries, can be read on PV Tech Storage.

For the current fiscal year, we are expecting a further decline in the installation of new PV systems in Germany. In addition, our result in 2014 was impacted by the losses of our Chinese subsidiary Zeversolar and considerable one-time items. We are planning extensive transformation measures to generate profits from sales of only €700 million.";This transformation includes the loss of 1,600 staff, as previously announced by the company."

While the personnel adjustments are extremely painful for SMA, they are unfortunately necessary to return to profitability,"; Urbon said.The one consolation for SMA is that as Urbon said it had sufficient cash, €225.4 million, and an equity ratio of 47% to be able to finance the planned restructuring from its own reserves.2015 guidanceLooking into 2015, SMA guided sales of €210million-230 million in the first quarter, up from €176.3 million in the first quarter of 2014, and an EBIT of between €-5 million to €-10 million.

However, it said overall sales for the year would fall still further on 2014's, to between €730 million and €770 million owing to an ongoing decline in demand, particularly in Germany.The company expects to cut its operating loss in the 2015 fiscal year to between €-30 million and €-60 million before returning to positive operating earnings in 2016.

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