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Solar spot market pvXchange rounds off 2008 with new record

01-19-2009 12:32 PM CET | Energy & Environment

Press release from: pvxchange GmbH

Trading platform for solar modules profits from the global success of renewable energies

Berlin, Germany, 14th January 2009: pvXchange, the global market leader in the procurement of photovoltaic products, continues to enjoy sustained growth. Representing a trading volume of around EUR 300 million, over 100% more goods were traded last year than in 2007 on the spot market for solar technology. Approximately half of all solar modules are being used in projects in Spain, France and Italy.
"We can explain the increase in transactions via our online portal essentially from what our market participants have experienced," said CEO Martin Schachinger. "It seems that, in times of rapid change, the short-term trading of modules is more economical and less risky than committing oneself to long-term supply contracts." This trend is also reflected in pvXchange's customer base, which has increased significantly and now numbers almost 3,000. Over the year, pvXchange further expanded its sales department in Europe and overseas to match the rising importance of markets such as Italy, France, the USA and India.

The company's prospects for the coming year are also favourable. "Many module vendors will soon no longer be able to afford their own costly sales and distribution structure. With our streamlined structures and customer advisors in all important regions, we offer clear advantages in this respect," Schachinger explains. Competition is tougher because module prices are falling. This fall in price has been caused by a change to the German and Spanish feed-in tariffs which has coincided with the rapid increase in global photovoltaic production capacity.

Founded in Berlin in 2004, pvXchange GmbH has established itself as the global market leader in the procurement of photovoltaic products for business customers. In 2008, the company procured solar modules with an output of around 100 megawatts. This represents a trading volume of approximately EUR 300 million. With its international network and complementary services, pvXchange is constantly developing its position in the renewable energy market, a market which continues to grow on a global scale. As well as in Europe, pvXchange also has a presence in Asia and the USA.

Press officer
Matthias Fischer
pvxchange GmbH
Stresemannstraße 33
D-10963 Berlin
presse@pvxchange.de
Tel: +49 (0) 30 44 04 81 11

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