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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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| Renesola | LSE:SOLA | London | Ordinary Share | VGG7500C1068 | ORD SHS NPV (DI) |
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| 0.00 | 0.00% | 281.50 | 0.00 | 01:00:00 |
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| - | O | 0 | 281.50 | GBX |
Renesola (SOLA) Share Charts1 Year Renesola Chart |
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1 Month Renesola Chart |
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| 16/1/2024 | 11:18 | Birds falling from the sky, Millions of bees/fish dying! Solar Flare has started | 19,436 |
| 13/8/2023 | 07:38 | It will touch the Stars and the Sun. Solar Energy comes to light | 812 |
| 21/2/2016 | 20:00 | Birds falling from the sky, Millions of bees/fish dying! Solar Flare has started | 19 |
| 21/12/2015 | 05:23 | SOLAR POWER REPLACING POWER STATIONS?COULD BE A DISASTER | 2 |
| 09/1/2014 | 14:13 | Renesola - The moderated thread | 5,483 |
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Posted at 17/4/2023 20:30 by solsticefire I don't need to know the price of Spam now. I've still got a few months supply left. After that i can live off my beard for a while. |
Posted at 16/4/2023 16:38 by uppompeii Have you seen the price of Spam lately! |
Posted at 19/4/2022 09:37 by ariane by: Gabriela HerculanoMoneyWeek newsletter 19 Apr 2022 In response to the war in Ukraine, many people have pointed out that Europe must restart using coal-fired power plants and buy more liquified natural gas (LNG) from shale gas sources in the US to replace fossil fuels supplied by Russia. In our view, this narrative is misleading. Doing so would mean climate change mitigation is no longer a priority. Coal, crude and natural gas did not become any more investible, cleaner, cheaper or less volatile since the invasion of Ukraine. Security of supply is a top priority for all countries – the EU in particular due to its reliance on Russia – and the need to accelerate the transition to clean energy remains undeniable. Our global power industry was built around large, centralised power stations, mostly powered by coal and natural gas. But all of that is changing. The two key short-term solutions are in the hands of consumers: to embrace energy efficiency and, whenever possible, to produce electricity at the point of consumption. Until recently, generating electricity “behind the meter” – ie, on the user’s site – has been challenging for technical and economic reasons. But substantial declines in the cost of solar panels and batteries have made these solutions price-competitive. The companies in our portfolio help the world to decarbonise. They are also digital, decentralised, and deflationary. Renewable energy generation is a greener, more cost-efficient alternative to an ageing and increasingly obsolete centralised electric power system. A solar future Meyer Burger Technology (Zurich: MBTN) is a European producer of higher-end solar rooftop panels. The European Commission is aiming to install 15 terawatt-hours’ |
Posted at 31/3/2022 13:05 by waldron ENGIE NORTH AMERICA COMPLETES $800m FINANCING FOR RECENTLY COMMISSIONED 665 MW OF RENEWABLE PROJECTSengieservices.us (PRNewsfoto/ENGIE Services U.S.) News provided by ENGIE North America Mar 31, 2022, 07:00 ET Share this article EQUITY AND TAX-EQUITY FINANCING WITH MULTIPLE PARTNERS CONTINUES TO SUPPORT GROWTH OF 4 GW OPERATING PORTFOLIO IN NORTH AMERICA HOUSTON, March 31, 2022 /PRNewswire/ -- ENGIE North America ("ENGIE") announced it has successfully completed Tax-Equity financing for its Iron Star and Priddy wind projects and Equity financing for the portfolio of these assets plus the Hawtree solar project which recently declared commercial operations. Together they total approximately 665 MW. The two wind projects located in Ford County, Kansas and Mills County, Texas, respectively, are owned by affiliates of ENGIE. The Hawtree project is in Warren County, North Carolina. Leading financial institutions participated in the financing which included long-standing Tax-Equity relationships with Bank of America and Wells Fargo among others and a new relationship with InfraRed Capital Partners (US) ("InfraRed") who provided equity investments for the projects. A wholly owned ENGIE affiliate is operating the Iron Star, Priddy and Hawtree projects pursuant to long term balance of plant operation and maintenance agreements with the project companies. The projects are part of the more than 4 GW portfolio of renewable energy assets currently managed by the company across North America. "We are excited to again collaborate with Bank of America and Wells Fargo among others to fund our growing renewables portfolio. We are also happy to be joined by a new equity partner in InfraRed – we are creating long-term relationships that are helping to accelerate the journey to carbon neutrality across the United States." said Eric De Caluwe, Head of Acquisitions, Investments and Financial Advisory (AIFA) for ENGIE North America. "ENGIE's deep operating experience of renewable projects coupled with our relationships with leading financial institutions such as Bank of America, Wells Fargo and InfraRed provides the strongest foundation possible to meet the need for major expansion of wind, solar and storage capacity across North America," said David Carroll, Chief Renewables Officer, ENGIE North America. "With more than 4,500 MW of renewables in operation or construction in North America, building strong collaborations such as these is a cornerstone of our approach". There are 62 wind turbines capable of producing 4.8 MW each in commercial operation at the Iron Star project and 63 turbines of the same size operating at the Priddy project. The Hawtree project's installed capacity is equal to 65 MWac. The renewable power that is produced at the projects will be sold under previously agreed long-term Power Purchase Agreements. The three projects will become long-term neighbors and members of their Kansas, Texas and North Carolina communities, diversifying and supporting local economic development and putting Ford, Mills and Warren Counties at the heart of the energy transition. "Wells Fargo is proud to support large scale renewable energy projects like Iron Star and Priddy" said Philip Hopkins, head of Wells Fargo's Renewable Energy & Environmental Finance group. "Providing expertise and capital to important customers like ENGIE is just one way we are helping accelerate the transition to a lower-carbon economy." Jack Paris, Head of the Americas for InfraRed Capital Partners, said "We are delighted to invest in Iron Star, Priddy and Hawtree and look forward to building a strong relationship with an experienced and industry leading partner, such as ENGIE. This investment expands our activities in North America and supports our significant growth ambition in the clean energy sector." The three projects were constructed during 2021 and early 2022 and can produce enough renewable power to meet the needs of around 200,000 average American homes. About ENGIE North America Based in Houston, Texas, ENGIE North America Inc. is a regional hub of ENGIE, a global leader in low-carbon energy and services. ENGIE (ENGI), is listed on the Paris and Brussels Stock Exchanges. Together with our 170,000 employees around the globe, our customers, partners and stakeholders, we are committed to accelerate the transition toward a carbon-neutral world, through reduced energy consumption and more environmentally friendly solutions. Inspired by our purpose ("raison d'être"), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. In North America, ENGIE helps our clients achieve their energy efficiency, reliability, and ultimately, their sustainability goals, as we work together to shape a sustainable future. We accomplish this through: energy efficiency projects, providing energy supply (including renewables and natural gas), and the development, construction and operation of renewable energy assets (wind, solar, storage and more). For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, hxxps://www.engie-na ENGIE North America Media Contact: ENGIE North America: Michael Clingan, Michael.clingan@exte SOURCE ENGIE North America |
Posted at 31/3/2022 13:03 by waldron BusinessLatestENGIE Energy Rollouts Plan to Connect Electricity to 2,700 Centres March 31, 2022 12:07 am 0 Share Raheeem Akingbolu ENGIE Energy Access Nigeria has announced a new plan to connect about 2,700 un-electrified health centres in Nigerian communities. The project will stabilized electricity supply using renewable energy for four years, from August this year. Managing Director, ENGIE Energy Access, Bankole Cardoso, said that through its Solar Home Systems brand, MySol, and its mini-grid business, it is equipped to meet the power needs of rural health centres. The company said MySol’s range of small Solar Home Systems can power and improve service delivery significantly at primary health posts because of their low energy needs. For services at secondary hospitals, which are likely to own sophisticated diagnostic medical equipment, the much larger MySol Solar Business Solutions are available to cater to this range. According to data from Sustainable Energy For All, Nigeria currently has 36,000 health centres of which 13,000 are without electricity. This health centre electrification project is closely aligned with ENGIE Energy Access’ mission to improve the livelihoods of people in rural Africa through renewable energy solutions. Powering Africa Summit 2022 is a gathering of global energy industry leaders; key players from North America with Ministerial and Governmental participants from across Africa to drive energy developments on the African continent ENGIE Energy Access will implement the electric power supply intervention program in four identified levels of healthcare provisioning. These include: Primary Health Centres with beds for emergencies and maternity; First Hospitals with 30-60 beds capacity; Secondary Hospitals with 60-120 beds capacity; and Tertiary Referral Hospitals with above 120 beds and capacity to undertake surgeries. Cardoso stated that ENGIE Energy Access through its Solar Home Systems brand, MySol, and its mini grid business, is equipped to meet the power needs of rural health centres. Whether it’s MySol’s range of small Solar Home Systems which can power and improve service delivery significantly at primary health posts because of their low energy needs; or MySol’s range of large Solar Home Systems which will increase efficiency at first hospitals, all levels of healthcare provisioning can and will be fully catered to. |
Posted at 13/2/2022 06:35 by waldron Glut of Solar Panels is Coming in 2025Profits for some polysilicon companies have rocketed up 300% during the pandemic. By David Waterworth Published 18 hours ago Just in time for peak oil, Rethink Energy predicts that there will be a surge of new polysilicon production capacity coming online in the next two years, leading to a glut of solar panels by 2025. The production capacity of solar panels is expected to exceed 1,000 GW per year by 2030. Pledges made by several dozen companies should see production capacity triple over the next three years. An expansion to nearly 4 million tons of solar-grade polysilicon production capacity will have been announced just in the last few weeks alone. Running at two-thirds capacity utilization would be enough to manufacturer 900 GW of photovoltaics every year. 2025 is also the predicted year for massive EV take-up as manufacturers bring greater supply to market. “The polysilicon shortage will continue to limit worldwide solar installations until mid-2023, in which year 250 GW of polysilicon solar will be commissioned. The price of polysilicon will take at least five years to return to the record low of 2020, but will then decline even further,” says Andries Wantenaar, solar analyst with Rethink Energy and lead author of Polysilicon manufacturing forecast to 2030. The shortage was caused by several factors, according to the report, with low-cost Chinese production in the years preceding the pandemic that pushed many companies out of business being cited as one of the main reasons, since there was practically zero investment in new production capacity from other countries in an effort to remain cost-competitive. In 2020, with lockdowns crushing demand, the industry’s profits dropped to zero, with polysilicon prices hitting record lows of $6 per kilogram during the pandemic. Rethink Energy expects that with the price rebound for polysilicon and profitability returning to the sector, factories will increase production of solar modules and we can expect that by 2023 there will be greater supply coming to the market. This may lead to a LCOE reduction of up to 12%. During the past two years, underlying demand has not been met. “Production capacity will more than quadruple this decade compared to the scale seen in 2020,” says Wantenaar, who points to the mass adoption of the fluidized bed reactor (FBR) granular production process. “China’s dominance of the industry will go from strength to strength, but India will build and shelter domestic production under protectionist policies and the US may do likewise depending on the Biden Administration’ Thanks to the shortage caused by increased demand without increased supply, prices for polysilicon have soared to around $40 per kilo, with cost impacts influencing the entire “solar value chain” from March to the end of 2021, when prices increased by 13% for modules and cells, 54% wafers, and 177% for solar-grade polysilicon. Profits, meanwhile, have been boosted as much as 300%, prompting massive expansion plans outside of China. As Tony Seba frequently comments – it is the confluence of technology changes that creates the greatest disruptions. A glut of solar panels arriving at the same time as a ramped supply of batteries and electric vehicles will create a massive acceleration of uptake. Here is major step in the rEVolution. (Please note: Rethink Energy is not affiliated with RethinkX). Appreciate CleanTechnica’ |
Posted at 14/12/2021 06:16 by waldron woodmackenzieSolar prices continue to rise but Build Back Better Act will boost installs 31% through 2026 As supply chain challenges persist, industry awaits massive growth with the potential passage of legislation 14 December 2021 Get in touch AMERICAS anthea.pitt@woodmac. +44 330 124 9436 EMEARC anthea.pitt@woodmac. +44 330 124 9436 APAC ann.lee@woodmac.com +65 6518 0823 Global sonia.kerr@woodmac.c +44 330 174 7267 For the second quarter in a row, trade policy uncertainty and supply chain constraints are driving solar price increases across all market segments, according to the US Solar Market Insight report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, a Verisk business (Nasdaq:VRSK). The recently dismissed petitions for anti-dumping and countervailing duties on solar cells from Malaysia, Thailand, and Vietnam caused significant shipping disruptions for importers, which further exacerbated supply chain constraints. Logistical challenges and price increases in the solar supply chain will depress deployment over the next year, resulting in a 7.4 gigawatt (33%) decrease in the forecast for 2022 compared to previous forecasts. Solar projects will continue to face supply chain challenges in the near term, but new forecasts show that, if passed, the clean energy provisions in the Build Back Better Act will stimulate solar market growth. The legislation will enable the solar industry to continue on its robust growth trajectory, incentivize domestic manufacturing, and alleviate supply chain constraints. “The forecasts are clear: We must pass the Build Back Better Act to create quality American jobs, drive transformative solar and storage growth, and overcome supply chain bottlenecks,” said SEIA president and CEO Abigail Ross Hopper. “This legislation will help US solar capacity triple over the next five years and offset an additional 83 million tonnes of carbon. Conversely, trade and supply chain headwinds will cause a significant decrease in installations next year at a time when more solar adoption is critical to addressing the climate crisis. This makes the domestic production provisions of the Build Back Better Act even more important to the future health of the US industry.” Rising prices are impacting the utility-scale solar market the most. Prices in this segment dropped by 12% between Q1 2019 and Q1 2021, but spikes in the last six months have erased all price declines from this two-year period. If the Build Back Better Act is enacted, the US is projected to install 43.5 gigawatts (GW) of additional solar capacity over the baseline forecast between 2022 and 2026. This would bring cumulative solar capacity in the US to over 300 GW, triple the amount of solar deployed today. “The US solar market has never experienced this many opposing dynamics,” said Michelle Davis, principal analyst at Wood Mackenzie and lead author of the report. “On the one hand, supply chain constraints continue to escalate, putting gigawatts of projects at risk. On the other, the Build Back Better Act would be a major market stimulant for this industry, establishing long-term certainty of continued growth. “Forecasts show that tax credits in the Build Back Better Act will increase growth in nascent state solar markets and significantly increase deployment in more established markets. "For example, if the Build Back Better Act passes, Texas is expected to add 7 GW of additional solar capacity over the baseline forecast by 2026, reaching 44 GW of cumulative capacity." If the Build Back Better Act becomes law, 14 states will see at least a one-gigawatt boost in solar deployment in the next five years, and 14 more will see at least a 500-megawatt boost. Key Figures: Solar accounted for 54% of all new electricity-generati Residential solar installations exceeded 1 GW and 130,000 systems in a single quarter for the first time, indicating that one out of every 600 US homeowners is installing solar each quarter. Residential solar companies have fared better in the face of recent price increases, but tight module supply may impact future installations. Commercial and community solar fell 10% and 21% quarter-over-quarter Due to supply chain constraints and logistics challenges, Wood Mackenzie has lowered its 2022 solar forecast by 33%, a decrease of 7.4 GW. Installed costs increased across all market segments for the second quarter in a row, reflecting supply chain challenges. In every segment besides residential, year-over-year price increases were at the highest they’ve been since 2014 when Wood Mackenzie began tracking pricing data. Learn more at seia.org/smi. |
Posted at 11/12/2020 16:35 by waldron A decade ago, NextEra, Iberdrola and Enel were sleepy regional utilities with little name recognition.Now they are fast-growing giants with market values rivaling the likes of oil majors Exxon Mobil Corp. and BP PLC, thanks to their early all-in bets on wind and solar farms. And still, many people have never heard of them. Their early lead in the global transition away from oil has put these companies on track to become the major energy companies of the coming decades -- the "green energy majors." But they now face the threat of increased competition as some of the oil titans that have traditionally dominated the energy industry diversify into wind and solar power. If the green majors are nervous about a coming clash, they aren't showing it. NextEra Energy Inc. Chief Executive James Robo dismissed the idea that oil majors in the U.S. and Europe posed a competitive threat at an investor conference this fall, saying that the companies' green projects were among the worst he had seen. "I don't worry about the oil majors at all," he told the audience. "If I have 100 things I worry about at night, it's not even on the top 100." Mr. Robo declined to be interviewed. For now, NextEra, Enel SpA and Iberdrola SA are Wall Street darlings, after Spain's Iberdrola and Italy's Enel became global builders of green energy projects, while NextEra became America's largest generator of wind and solar power. Each of the companies has seen its share price soar in recent months as investors bet on their ability to lead the transition to a lower-carbon future with massive investments in renewable energy, battery storage and improvements to the electric grid. That transition is expected to accelerate in the U.S. under President-elect Joe Biden, who has promised to focus on climate change, and within the European Union and China, where ambitious carbon-reduction efforts are under way. Enel and Iberdrola have outlined plans to substantially expand their portfolios of renewable-energy projects over the next decade with about $170 billion in collective investments. NextEra, which hasn't disclosed a long-term spending plan, expects to have invested $60 billion in renewable energy projects between 2019 and 2022. Still, analysts caution that increased competition within the renewables industry could reduce profit margins for the most established players. "Oil companies entering the renewables market will need to accept lower returns on projects initially to gain market share, and this is going to result in a reduction in margins across the board," said Fernando Garcia of RBC Capital Markets. Already, Denmark's Ørsted A/S, a company formerly known as DONG Energy that focused on oil and gas, has transitioned into a leading player in offshore wind projects. BP is planning a big shift too: It says it will increase its clean-energy investments in coming years as it dramatically scales back oil and gas production. However, the coronavirus pandemic has decimated demand for fossil fuels this year, briefly turning U.S. crude prices negative and forcing the oil industry to lay off thousands of workers and slash spending. That has sapped the oil giants of much of their financial strength, making it harder for them to quickly transition into renewables projects, which require large upfront investment in order to reap steady returns over a longer period. While big oil companies once reported double-digit returns on invested capital -- in the heady days prior to 2014, when crude oil prices last topped $100 a barrel, some topped 20% annually, according to FactSet -- the big renewables players have been winning the race of late with slow and steady single-digit returns. "There is no better example than 2020 to show how extremely different the risk profiles are," said Bernstein analyst Meike Becker. Iberdrola, Enel and NextEra have taken different paths to morph from humdrum utilities into green growth companies. Originally an Italian utility, Enel was actually later than some others to home in on wind and solar. Two years after forming its renewable development arm, Enel Green Power, the company sold about a third of it in 2010 to pay down corporate debt. Enel then focused on trying to build nuclear plants in Italy before citizens there rejected that plan. But Enel's current chief executive, Francesco Starace, then the head of that green unit, said he recognized that wind and solar power had the potential to become competitive in the broader energy market as costs fell. The unit focused on developing projects in regions without large subsidies or incentives to show investors that they could stand on their own. "At the time, this sounded like blasphemy or idiocy," Mr. Starace said in an interview. "But we did it stubbornly, and kept doing it, and eventually this prediction of ours became true." Mr. Starace became Enel's CEO in 2014, and promptly repurchased the portion of Enel Green Power that had earlier been sold. He also reoriented Enel to pursue projects that could be completed within three years to account for the pace of technological change. That pretty much eliminated nuclear and coal plants, as well as large hydroelectric projects, leaving wind and solar farms in the mix. Enel is now the world's largest renewable energy producer outside China, with an EUR84 billion market value, equal to about $102 billion, and projects in 32 countries. The company has a large presence in the U.S. and has developed wind and solar farms in remote areas in countries including Zambia and Chile. The company plans to spend about EUR70 billion, equivalent to $85 billion, to nearly triple its generation capacity in the coming decade, which it expects will give it around 4% of the global market. Iberdrola, initially a domestic Spanish utility, was an early pioneer of renewables. It started in 2001, when the company unveiled a plan to expand internationally and invest in clean energy sources to help meet growing global demand for power. It tapped Ignacio Galán to spearhead the strategy as CEO at a time when wind and solar power were still hugely expensive relative to other electricity sources. The company had historically focused on building hydroelectric and nuclear plants, as well as some coal- and gas-fired ones. Iberdrola has expanded into renewables in part by aggressively buying up smaller players with attractive growth prospects. In October, it agreed to pay $4.3 billion for New Mexico-based electricity company PNM Resources Inc. -- its eighth deal this year. It plans to invest heavily in the U.S., where the company is third in renewables generation capacity behind NextEra and Berkshire Hathaway Energy, a unit of Warren Buffett's Berkshire Hathaway Inc. Mr. Galán said in an interview that Iberdrola at first faced skepticism about its decision to focus on renewables, but now the tide has turned: The company's value has multiplied by six on his watch to around EUR71 billion, or $86 billion, far exceeding his initial ambition to double its size. "All we have been fighting for for 20 years, every person recognizes that was the right decision," he said. Iberdrola is now the world's second largest renewable energy generator outside of China, with projects in 30 countries, including an offshore wind farm in the Baltic Sea and a wind and solar farm in Australia. It plans to spend EUR75 billion, equivalent to $91 billion, over the next five years to double its renewable power capacity. Florida-based NextEra grew into America's largest renewable energy producer by keeping debt levels low, capitalizing on federal tax subsidies available to help finance wind and solar projects around the country and reinvesting its profits to expand further. Over time, it developed the size and scale needed to consistently underbid other companies in auctions to develop projects. It operates two Florida utilities and sells renewable energy output to others. It also operates electric transmission lines in the U.S. and Canada, as well as natural gas pipelines. Despite its rapid growth, NextEra has largely flown under the radar. Some lawmakers in Washington and elsewhere didn't know much about it until recently. The company several years ago launched a targeted effort to introduce itself so that its representatives wouldn't have to start meetings with tedious explanations, according to a person familiar with the company's strategy. NextEra declined to comment. The company's executives still rarely speak to the press. Investors, however, have been eyeing NextEra for years. Its share price has roughly tripled over the past five years to reach a market value of $146 billion, and for the first time it briefly topped Exxon's value this year in a watershed moment for renewables producers. Its project backlog totals 15,000 megawatts -- an amount just larger than its current portfolio, built over two decades. BP Capital Fund Advisors, a Dallas-based investment adviser that has historically focused on oil and gas, bought shares in NextEra in March as part of an effort to diversify with investments in renewables. The firm was founded by the late T. Boone Pickens, the oil industry magnate who took an interest in wind and solar power late in his career. He died last year. "NextEra stands alone in terms of what it offers in exposure to the renewable theme," said portfolio manager Ben Cook. "If you're investing in energy now...that has to be part of the equation." Write to Katherine Blunt at Katherine.Blunt@wsj. (END) Dow Jones Newswires December 11, 2020 11:14 ET (16:14 GMT) |
Posted at 21/1/2020 20:10 by misca2 Tuesday, January 21, 2020RSS Email Newsletters Put PRWeb on your site Two Georgia Farmers Are First in the U.S. to Receive Shell Oil Company’s One-of-a-Kind Solar Storage Technology - and it Cost them Nothing Share Article The technology is similar to residential battery technology that allows homeowners to go off-grid or operate during utility outages, but on a mass scale and with the addition of unique software. Sonnen is testing the program on Georgia-based solar power company, Coastal Solar’s (now servicing farmers under “Ag Solar Solutions”), existing agricultural customers. Participants are given $65,000 in free equipment. Sonnen's Solar Power Battery for Farmers Sonnen's New Agricultural Battery When the base population of farmers understands they can own their own electricity-producin HINESVILLE, Ga. (PRWEB) January 21, 2020 Sonnen Batteries - a German-based solar storage company - was recently purchased by Shell Oil Company. As the new parent company looked to expand Sonnen’s reach into the North American market, they asked the business that installed Sonnen’s first battery in North America (Coastal Solar - Hinesville, GA) for their read on the market. Their answer? Farmers are the future of renewable energy. Coastal Solar carved out a niche in the solar industry by providing farmers with solutions that cut their energy bill (for many, this is their second-highest expense) by more than half. They found success by specializing in systems for the agricultural industry and having an in-house grant writing team that boasts a more than 90% success rate in securing USDA REAP grants for qualifying customers. They even created a new company solely dedicated to the industry - Ag Solar Solutions. Sonnen acted quickly to develop a unique, industrial-scale solar storage solution tailored to farmers. Ready for beta-testing, they deployed the first two systems on existing Coastal Solar customer farms, now serviced under the Ag Solar Solutions name. The first two tests are just the beginning of Shell’s investment in renewable energy for agriculture through Sonnen. The company has carved out more than 1.2 million dollars for the beta testing partnership with Ag Solar Solution’s customers. The systems, expected to retail at more than $65,000, are given to the farmers for free in exchange for real-world data needed to perfect them for the market. Early estimates indicate that the new system will allow farmers to save an additional 20% or more on electricity costs. For some, their energy bill could be nearly eliminated using the solar + storage technology. This means that farms can essentially make a one-time, depreciable investment into the equipment and then operate free from utility companies and ever-increasing charges. Utilities have fought back against solar power, levying nontraditional fees and increased rates for farms that use the technology. Some have even been told they are “not allowed” to utilize solar power if they want to stay connected to the grid, but this new technology may, at some point, allow farmers to bypass the grid altogether. Coastal Solar / Ag Solar Solutions CEO, Clay Sikes, said in a statement, “The result of our work with Sonnen will be the most advanced agricultural renewable energy package in the world. It far outpaces the ‘grid only’ methodology used by most farmers today who simply rent their power. When the base population of farmers understands they can own their own electricity-producin Images of the install are available here. Media Contact: Charlene Freeman 912-255-2011 |
Posted at 28/11/2018 16:16 by sarkasm Scatec Solar’s first solar plant in Brazil in commercial operationEmail Print Friendly Share November 28, 2018 09:31 ET | Source: Scatec Solar ASA Oslo, 28 November 2018: Scatec Solar is together with partners Equinor and Apodi Par pleased to announce that the 162 MW Apodi Solar plant is grid connected and in commercial operation. “We have successfully realized our first solar power plant in Brazil and yet again confirming our strong track record as an independent solar power producer. We see significant potential for further growth in Brazil and other parts of Latin America, and we will soon start construction of a new 117 MW solar plant in Argentine in partnership with Equinor”, says Raymond Carlsen, CEO of Scatec Solar. “This is a strategic milestone for Equinor. Apodi was our first step into the solar industry. With the plant now in operations and through our excellent collaboration with Scatec Solar, we are complementing Equinor’s portfolio with profitable solar energy. Apodi adds to our portfolio in Brazil, a core area for the company. This also shows that we are well underway on our journey to become a broad energy company turning natural resources into energy for people and progress for society, says Pål Eitrheim, EVP of New Energy Solutions in Equinor. The Apodi Solar project was awarded in the auction process held by ANEEL, the Brazilian Electricity Regulatory Agency, in November 2015. Apodi Solar holds a 20-year Power Purchase Agreement (PPA) with CCEE, the Brazilian Power Commercialization Chamber. The plant is located in the state of Ceará, Brazil and is expected to provide about 340,000 MWh of electricity per year, providing energy for more than 170,000 households. The clean energy produced by the Apodi Solar plant is equivalent to a CO2 reduction of around 200,000 tons per annum. In October 2017, Scatec Solar established a 50/50 Joint Venture (JV) with Equinor to build, own and operate large scale solar plants in Brazil. The JV is be responsible for operation and maintenance as well as asset management of the solar plant. The Apodi Solar plant is owned 43.75 percent by Scatec Solar, 43.75 percent by Equinor and 12.5 percent by the holding company Apodi Participaç&ot Scatec Solar now holds 519 MW of solar power plants in operation, 895 MW under construction and about 4.5 GW in project backlog and pipeline. For further information, please contact: Mr. Mikkel Tørud, CFO tel: +47 976 99 144 mikkel.torud@scatecs Ingrid Aarsnes, Communication & IR tel: +47 950 38 364 ingrid.aarsnes@scate About Scatec Solar Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable clean energy worldwide. A long- term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants and has an installation track record of 1,000 MW. The company is producing electricity from 519 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras, Brazil and Jordan and has 895 MW under construction. With an established global presence and a significant project pipeline, the company is targeting a capacity of 3.5 GW in operation and under construction by end of 2021. Scatec Solar is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol 'SSO'. To learn more, visit www.scatecsolar.com. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act |
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