Power & Energy Solutions

The premier renewable energy publication

Transatlantic law firm Womble Bond Dickinson (WBD) has advised longstanding client Tekmar, an offshore wind company, on admission of its shares to trading on AIM and its £61.8m fundraising from institutional investors. Tekmar is a market-leading technology provider of protection systems for subsea cable, umbilical and flexible pipes and offshore engineering services. The proceeds of the Placing will provide approximately £10 million (before expenses) to fund Tekmar's future expansion and acquisitions. The majority of the proceeds will be used to pay down group debt and exit Elysian Capital and Opera Finance, the private equity houses who backed an MBO of Tekmar in 2011, a transaction on which WBD originally advised on. Tekmar was advised by a multidisciplinary WBD team led by corporate partners Robert Philips and Leon Miller. Robert Philips of WBD commented: "We've been working with Tekmar for a number of years and we're delighted to have advised the business on this next step of its corporate evolution on the back of our strong track record acting on IPOs. This transaction shows that our corporate team can advise  clients throughout multiple stages of their lifecycle, from MBO to IPO. "This is a very exciting development for Tekmar and we look forward to continue working

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ScutiX develops wind and solar farms to power its on-site data centres Frankfurt/Waghäusel. The high levels of computing power required by the IT-sector for emerging business models in almost every industry, not to mention the up-and-coming blockchain and crypto industries, are just some of the main drivers behind rising electricity demand worldwide. Computing and sharing capacities, electricity consumption and costs are all rising rapidly. In November 2017, for example, the Bitcoin network consumed more energy than Ireland. The IT industry as a whole is hitting an energy wall. As a result, the green energy revolution must pick up pace in order to safeguard the long-term interests of our planet. ScutiX, which is a start-up, was founded to play a leading role in this endeavour by providing a self-scaling infrastructural solution for the generation of green power. ScutiX is led by CEO Aydonat Atasever, who is also a founder of the ScutiX idea. He built his reputation as a successful internet and e-commerce entrepreneur. Another of the ScutiX founders and investors is the German renewable energy company WIRSOL, which is headquartered in Waghäusel, Germany. On 25-26 June WIRSOL managing director Peter Vest will be attending the World Blockchain Summit in Frankfurt am Main, Germany

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• Cooperation with EWE for myEnergyCloud: More independence from the electricity market • Complete solution with innogy: Manage your own green electricity more flexibly • Energy storage in smart homes: Focus on connectivity • Energy monitor from Smappee shows savings potential The Intersolar trade fair in Munich opens its doors today. VARTA Storage is presenting its growing network of partners, including its most recent collaborations with EWE and innogy. VARTA Storage is focussing on the use and connectivity of energy storage systems in smart homes as part of its trade fair presentation at Booth 210 in Hall B1. Advantages on all sides: EWE electricity community and VARTA Storage The energy industry is undergoing a fundamental transformation, innovative concepts are in demand and collaborations are becoming increasingly important. The most recent example is the collaboration between VARTA Storage and the north German energy company EWE with EWE myEnergyCloud. Owners of private solar power systems in the electricity community can save their self-produced electricity like credits and retrieve it at any time. Their photovoltaic system and the electricity storage system from VARTA Storage therefore make them independent of the electricity market. With EWE myEnergyCloud, specialist trade companies receive a service that gives them competitive advantages. "The collaboration between EWE

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Intersolar Europe, Munich, Germany (June 21) – REC Group, the leading European brand for solar photovoltaic (PV) panels, yesterday launched its brand-new N-Peak high-performance solar panel at Intersolar Europe in Munich. The new panel breaks fresh ground for REC and the industry: this is the first solar panel to combine n-type mono half-cut cells with a twin-panel design, and promises excellent power output of up to 330 watt peak allied to lasting performance. The production of n-type mono cells kicks off at the end of June in REC’s brand-new industry 4.0 manufacturing building at the company’s Singapore plant. The first N-Peak modules are scheduled to roll off the line in August. It’s not every day that a leading producer of solar panels unveils a totally new product, and the launch event – adding to the cheer at REC’s traditional late-afternoon Happy Hour – proved a big attraction yesterday at Intersolar Europe. Before a large audience of visitors and media representatives eager to find out what REC had in store, REC Group CEO Steve O’Neil introduced the new module at the company’s booth, saying, “The new REC N-Peak writes the next chapter in our company narrative. We are taking a big step

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Acting on behalf of developer Energiekontor, leading renewable energy and infrastructure consultancy, Natural Power has been appointed as Owner’s Engineer for the construction phase of Withernwick Wind Farm Extension, located in the East Riding of Yorkshire. Cheetham Hill Construction Ltd started balance of plant construction work on site this month, and the project is scheduled to be commissioned during early 2019. After signing a long-term corporate power purchase agreement (PPA) with a global company in the consumer goods industry, Energiekontor has achieved financial close for this wind farm project, which is believed to be the first UK wind farm that is financed without the requirement of government subsidies or support mechanisms. Ralph , Construction Director at Natural Power, said: “We are delighted to be working on another project with Energiekontor, in particular, this ground-breaking subsidy-free scheme. As our industry continues to and deliver better and more cost-effective renewable energy, we are working hard to be at the forefront and support our clients by providing comprehensive services delivered by our experienced and knowledgeable team to guide and advise our clients in delivering successful projects.” Natural Power will provide owner’s engineer and project management services during the construction, turbine installation and electrical commissioning phases of

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At Intersolar Europe, ABB’s new PVS-175-TL string inverter, which delivers up to 185 kW active power has been recognized by industry experts as the leading PV product innovation at the 2018 Intersolar Awards. Delivering up to 65 percent savings on installation and logistic costs for ground mounted utility scale applications, the ABB PVS-175-TL delivers the largest capacity on the market for a 1500Vdc string inverter. The unique capabilities of ABB’s new PVS-175-TL lie in its ability to generate up to 185 kW active power and the judging panel was impressed by the high modularity of the product, which improves yields and reduces operational maintenance costs. Judges praised the string inverter as the next step in improving the overall efficiency in PV systems and recognized its high power density and operating temperature range between -20°C and up to 60°C. Together with all the key benefits of traditional string inverters, its innovative modular design means that up to 65 percent fewer inverters are required to complete the optimal power block, without the need for AC recombiners. This delivers up to 65 percent savings on installation and logistic costs, improving Levelized Cost of Electricity (LCOE) for utility-scale installations. The three-phase PVS-175-TL with advanced digital capabilities through ABB

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Off grid avocado farm in Australia completely self-sufficient for 660 daysMunich, June 21, 2018 - Battery storage manufacturer Tesvolt and project developer Unlimited Energy were awarded “The smarter E Award” for a project realized in South-West Australia. The avocado farm in Pemberton has already been operated on battery power only for the last 660 days. The energy concept for the farm includes a 53 kilowatt (kW) photovoltaic system that simultaneously feeds a 160 kWh saltwater battery system as well as a 48 kWh Tesvolt energy storage system. The farm is completely self-sufficient and is operated without connection to the power grid. Press photos can be found here: https://www.tesvolt.com/en/presse/tesvolt-und-unlimited-energy-gewinnen-the-smarter-e-award__prr27.html“People want sustainable and organically grown food. The avocado farm proves that climate-neutral production is possible even in the outback," says Daniel Hannemann, Commercial Director of Tesvolt. "We are proud to be part of this project and that our technology makes a significant contribution."100 percent self-sufficiency in a demanding environmentThe avocado farm in South-West Australian Pemberton produces 90 tons of avocados annually on 5 hectares, which are sold regionally. The fruit, which need a lot of water and sun to develop their optimal taste, are supplied with water using hydraulic water pumps from underground water tanks during the hot and dry Australian summers. These fill up during the very rainy winter season."The whole system would not function without the

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Huawei will continuously invest in R&D and technology innovation, to accelerate positive development of the solar industry Yesterday, at Intersolar Europe 2018 in Munich, Germany, Huawei launched its all new Huawei FusionHome Smart Energy Solution, with an industry leading efficiency of 98.6%. In addition to its impressive efficiency, the solution holds the record as the lightest and smallest solar product of its kind, with high safety and reliable performance. It also inherits Huawei FusionHome’s flexible design, with battery ready (LG Chem), providing maximum convenience for homeowners. Two days before this new product launched, Huawei received news that its competitor SolarEdge were suing for patent reasons, claiming their technology had been applied to this product. As one of the world’s leading innovative solutions providers, Huawei wishes to assure its customers and partners that it will defend its products against these allegations. Founded in 1987, today Huawei serves more than 170 countries worldwide. With three decades of experience in innovation, Huawei integrates PV technology with smart information technology, simple design and intelligent O&M. In 2017, Huawei was ranked 83rd on the Fortune Global 500 companies and 70th in Interbrand’s Top Global Brands. Since 2013, Huawei has provided an industry-leading smart PV solution, becoming a global

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20.06.2018 09:55:00 CEST, Reutlingen Manz AG is sharing information about the technological development of its turnkey thin-film solar module factory, CIGSfab, at the leading European solar industry trade fair, Intersolar Europe, from June 20-22, 2018. The high-tech equipment manufacturer is also providing an update on the two large-scale projects CIGSfab in Chongqing and CIGSlab in Peking, which Manz is currently carrying out in the People's Republic of China. As a global technological leader in production systems for CIGS thin-film solar modules, Manz is currently building two modular and configurable turnkey production lines in China. The CIGSfab in Chongqing, with an annual production capacity of 306 MW or roughly three million modules, will begin operations in the summer of 2019. Just a little over one year since launching the project and five months after first breaking ground in January, Manz is currently getting the equipment ready for the nearly 60,000 square meter production facility. The operator of the CIGSfab in Chongqing will be Chongqing Shenhua Thin Film Solar Technology Co. Ltd., its main shareholder is the world’ s largest energy company, the Shenhua Group. "Everything is progressing according to plan. 3,500 tons of high-tech equipment are making their way to the Yangtze – an

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• GPM Horizon enables future-proof fleet management by integrating digitalization technologies and combined renewables systems in one tool • Real-time monitoring scalable to support growing portfolios and new emerging renewable energy technologies • New platform builds on data management experience from over 10GW of solar PV plants and 7.5 GW of wind farms plants being managed by DNV GL Munich, Germany 21st June 2018 – DNV GL is launching GPM Horizon, the world’s first data monitoring platform with full integration of current and future renewable energy systems including solar PV, wind and energy storage assets. GPM Horizon enables future-proof fleet management by bringing digitalization technologies and integrated renewables systems together in one platform, which are the key drivers for the global energy transition. Global energy forecasters, including the International Energy Agency, foresee a rapid growth in renewable sources. In its 2018 Energy Transition Outlook DNV GL forecasts that by 2050, well over 80% of electricity will be generated by renewable sources with wind and solar PV each contributing over one third to the mix. As the global renewables market will grow exponentially, with renewable sources of energy to meet 40% in primary demand by 2040 according to the International Energy Agency, As a result, a rise in

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