Martin Tauschke, CEO of SUNfarming GmbH: “We are proud that in 2020 we were once again able to demonstrate our earning power despite the effects of the pandemic. We are just as happy about the positive start into the 2021 financial year and the successful full placement of our listed debut bond. We will do everything in our power to live up to the trust of our investors and to establish ourselves as a reliable issuer on the capital market over the long term."
SUNfarming GmbH recorded a successful 2020 financial year based on preliminary figures. SUNfarming was able to increase earnings before interest, taxes, depreciation and amortization (EBITDA) by 29.4% from EUR 1.7 million to EUR 2.2 million. This corresponds to an improved EBITDA margin of 7.9% after 4.7% in the previous year. The annual surplus increased by 87.5% from EUR 0.8 million to EUR 1.5 million. The positive development is also reflected in the equity ratio, which rose from 24.7% to 34.9%.
For the 2021 financial year, SUNfarming expects to improve both sales and earnings. In the 1st quarter, projects with an installed capacity of approx. 5 MWp and in Poland of approx. 3.9 MWp were successfully implemented. In Germany there were seven roof-top projects with a total output of 3.5 MWp and two ground-mounted systems with an output of 750 kWp each.
For the rest of the year there are currently around 27.3 MWp of new projects being planned and implemented. More than 60% of these consist of free-field PV projects that are subject to tendering with a capacity of over 750 kWp, around 20% consist of classic EEG-compensated free-field systems with an output of up to 750 kWp and around 20% roof systems with a total output of over 100 kWp. In addition to the new projects, around 29 MWp of project expansions are being implemented, of which the first two projects will be completed in the second quarter. In addition, several major projects of 20 MWp and more are in development for 2022.
Gustav Radloff is not only an excellent CEO, but also a top kayaker at this year's marathon in South Africa. With this victory he qualified for the 2021 World Cup in Romania.
And as if that weren't enough, he took part in two more kayak marathons in the 45-50 and 35-50 age groups, where he came second and fourth.
The SUNfarming team warmly congratulates. We are very proud of him.
Corfu is one of the greenest islands in Greece due to its fertile vegetation. But there is also something going on in terms of sustainability. A team from SUNfarming GmbH was able to successfully commission two photovoltaic systems on the Greek island in April 2021. The atmosfair cooperation project was actively supported by the German tour operator ReNatour and hotel manager Aias Varagoulis and his team.
In the SF Food & Energy lounge at Villa KaliMeera, a water-saving drip hose system is being laid to irrigate tomatoes, cucumbers and other local plants, the fruits of which are available to hotel guests as a fresh snack to pick themselves.
The calculated annual energy yield is around 16,500 kWh, one third of which can be purchased directly and two thirds can be used indirectly via a net metering billing system.
The tour operator ReNatour from Nuremberg designs the trips offered as climate and resource neutral as possible and the CO2 emissions caused by the journey can also be neutralized by the guests in cooperation with atmosfair gGmbH. The non-profit climate protection organization with a focus on "travel" supports the implementation of projects with donations that effectively reduce the emission of climate-damaging greenhouse gas emissions and promote the long-term retention of carbon dioxide - including this SUNfarming project in Corfu.
What the locations were still missing in order to become more climate-neutral is the electrical energy supply through renewable energies, according to Aias. Since the inadequate use of renewable energies in Greece makes it virtually impossible to purchase green electricity from the grid, the only alternative is to produce on-site solar energy with photovoltaic systems. Thanks to the cooperation between SUNfarming and atmosfair, this goal has now been achieved and two PV systems with a total capacity of 25 kWp have been installed, which from now on take over 100% of the electrical energy supply for the hotels.
With the help of the new Greek net metering system, the energy that is not directly consumed is fed into the public power grid, registered by the network operator and drawn back from the grid as an equivalent at a later point in time as required. In this way, the seasonal operation can mathematically fall back on year-round sustainably generated energy. With this concept, the public grid functions as a gigantic virtual energy storage system and has the advantage over stationary PV storage systems of unlimited storage capacity and duration as well as the avoidance of additional investments. The fee incurred per kilowatt hour removed is a few cents and is below the specific costs per kilowatt hour stored by market-leading lithium-ion storage systems.
In this way, the existing solar potential, which in Greece is up to 1500 kWh / kWp / a at up to 150% of the German level, can be used particularly effectively and sensibly.
With this concept, SUNfarming supports climate-neutral travel in sunny holiday regions and promotes a conscious approach to the environment in the tourism industry.
Because of the current situation this expo had its first edition in a digital format.
The EnergyDecentral is a trade fair, that normally takes place in Hanover. It is the leading trade fair for decentralized energy supply. The exhibition also focuses on the areas of biogenic solid fuels, wind power and smart energy. The trade fair is complemented by a top-class specialist program, which, in addition to a multi-day conference, and numerous specialist forums.
The core target group of EnergyDecentral Expo Hanover are operators of systems for energy generation, the municipal economy and the food industry. Due to its proximity to the agricultural sector and the EuroTier taking place at the same time, EnergyDecentral is also aimed at companies from professional agriculture.
Mr. Holger Schoenherr, Head of International Projects in SUNfarming GmbH and Dr. Matthias Meier from Forschungszentrum Jülich presented the conference “Agriculture and Research in Agri-Photovoltaic Systems”. Where the outstanding results of our SUNfarming Food & Energy training centers were shown, as well as the new development and research that the two institutions are doing together. The conference was attended by an international audience of more than 40 participants.
As a visitor, "EuroTier/EnergyDecentral digital" offers you an extensive technical programme and attractive opportunities for networking.
Visit us in our digital showroom on our company profile and make an appointment with us.
Please contact us to get a free ticket
We look forward to your participation!
-I had a wonderful lifetime experience , as a not so technically person I truly have to say @Faure van Schalkwyk you are a super teacher / facilitator...@Anelda you are fantastic administrator. Thank you guys for a super experience and everyone whom I met , never was made to feel like I was less qualified thank you guys . I pray we all succeed in our future endeavors and may our paths meet again as we grow in the industry.. God bless you all Gentleman. Even me as a technical person really learned a lot.
-Thank you to all and for everything Faure and Anelda. You are legends.
-Yes. Thank you all. Learned an awful lot. Laughed and worried. You are very wise men with many years of knowledge and experience. Thank you Anelda for all your hard work and Faure. I will come and do it with you again anytime. It was awfully nice
-Best online Presenters i have experience - kept once attention at all times
-They have given us a good content and very easy to grasp. They interacted with everyone well
-They are all prepared and professional
-Very impressed with the presenters' ability to stimulate participation. Kudos to the team for the video training setup which I think is quite effective.
- ...it is always a pleasure to attend SSEG courses. Faure, Dr Botha and Josh are fantastic and is professional