Power & Energy Solutions

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Press Releases, Renewable News, Solar

The Nine-Week Class Will Help Students Better Understand Today’s Solar PV Requirements SAN JOSE, Calif., August 5, 2020－The SunSpec Alliance is pleased to announce a nine-week online course focused on educating solar PV industry participants about National Electrical Code (NEC) 2017 regulations for solar PV module safety. The course will be offered through the University of California, San Diego (UCSD) Extension program and will be taught by SunSpec Alliance chairman Tom Tansy along with other experts from SunSpec member companies. With rapid shutdown fast becoming a requirement for solar PV projects across the U.S. － 34 states currently require this technology － the course is ideal for students interested in technical, professional, and vocational careers in solar and distributed energy. “Today’s solar industry is changing rapidly, and it’s important for those considering work in the field to have the knowledge of data communications technology and its regulatory impact,” said Tom Tansy, chairman of the SunSpec Alliance. “Rapid shutdown is a reality, and the more knowledge these students have, the better they’ll understand system design, compliance, project development and more as they embark on their careers or update their skills.” A count from the Solar Foundation in January showed the solar industry employed nearly 250,000 workers in the U.S. With some of those

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Press Releases, Renewable News, Solar

Thermal laser separation (TLS) leads to improved module performance compared to conventional scribe and break technology 3D-Micromac AG, the industry leader in laser micromachining and roll-to-roll laser systems for the photovoltaic, medical device and electronics markets, today announced the order intake for a microCELL™ TLS laser system for the plant in Langenwetzendorf, Thuringia. The initiator of the investment is the Heckert Solar GmbH, one of the largest and leading PV module manufacturers in Germany with a production capacity of 400 MW at their site in Chemnitz. LWD Solar puts their trust in German and European production equipment due to its technological leadership. The company will manufacture monocrystalline half-cell modules in the new factory with a planned capacity of an additional 400 MW. Production is scheduled to commence in the first quarter of 2021. LWD Solar is going to use 3D Micromac’s TLS technology for cell cutting. Danny Bönisch, project manager for LWD Solar stated: "With our decision for the TLS technology from 3D-Micromac, we are consciously opting for a European solution that supports our efforts to make the domestic solar industry fit for the future again." The microCELL™ TLS system uses thermal laser separation (TLS) to separate silicon solar cells into

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Misc, Press Releases, Renewable News

Following yesterday’s announcement of BP’s strategy for transition from an international oil company to an international energy company, Will Scargill, Managing Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on this transition; “BP has set out ambitious targets for the realignment of its business within five and ten year time frames. An overhaul of this scale will require significant movements in the M&A market, if it is to be delivered in the targeted timeframe. “Among its growth plans for low-carbon energy sources, BP’s target for renewable power generation capacity is a big ask. Its most significant renewables interests, at present, come from its 50% stake in Lightsource BP, which targets 10GW by 2023. To reach 20GW by 2025 and 50GW by 2030 will likely require significant acquisitions on top of the expansion of capital spending that BP has set out. “In terms of its traditional oil and gas segment, BP will need to offload assets that are not high-grade to hit its targets of improving returns on capital from a reduced asset base. It is following up its previous $15bn divestment target with a target of $25bn for the period 2020-25. Assets most likely to be put

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Press Releases, Renewable News, Solar

FREMONT, Calif. — August 3, 2020. SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the second quarter ended June 30, 2020. Second Quarter 2020 Highlights Revenues of $331.9 million Revenues from solar products of $310.1 million GAAP gross margin of 31.0% GAAP gross margin from sale of solar products of 33.1% Non-GAAP gross margin from sale of solar products of 33.8% GAAP net income of $36.7 million Non-GAAP net income of $52.1 million GAAP net diluted earnings per share (“EPS”) of $0.70 Non-GAAP net diluted EPS of $0.97 1.44 Gigawatts (AC) of inverters shipped “This quarter, despite the challenges caused by COVID 19, we maintained healthy profitability while generating cash from operating activity,” said Zivi Lando, CEO of SolarEdge. “Our global strength, and in particular our loyal customer base in the Netherlands, Germany, Italy and Australia, softened the decline in U.S. demand this past quarter. While the pandemic has created many operational challenges, I am confident in our financial strength and grateful for the trust of our customers and dedication of our employees which enable us to continue to focus on product innovation and execution of our long term plans even

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Press Releases, Renewable News, Wind

Leading renewable energy consultancy and service provider, Natural Power, has acted as technical adviser to the French private equity specialist Crédit Mutuel Equity for its CHF 30 million acquisition of aventron’s renewable energy portfolio consisting of a large number of wind, solar and hydro assets located throughout six European countries. Natural Power’s mandate for the operational sites in the portfolio included a review of technology, O&M contracts and operational performance. The team also completed post-construction yield assessments for the wind and solar assets. For the development-stage assets within the portfolio, Natural Power focused on reviewing capex estimates and future cost trend assumptions across the pipeline of wind, solar and hydro projects. Hannah Staab, Natural Power’s Principal Advisor – Europe, said: “This project demonstrates our ability to deliver robust due diligence across a diverse and pan-European range of technology. We are looking forward to see how this equity deal goes on to support the growth and development of aventron across Europe.” aventron, based in Münchenstein (Canton of Basel-Land), is a producer of green energy from hydro, wind and solar power. The company is pursuing a diversification strategy based on three technologies (solar PV, onshore wind, and small hydro power) and six countries (Switzerland, France,

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Press Releases, Renewable News, Wind

National Grid’s Future Energy Scenarios (FES)*, published 27 July, showed hydrogen – for heating, transport and clean dispatchable thermal energy playing a pivotal role in three** out of the four of its net zero scenarios; Steady progression (SP), Consumer Transformation (CT), System Transformation (ST) and Leading the Way (LW). Cornwall Insight evaluated the relationship in these scenarios between electricity demand to produce hydrogen and installed wind capacity. The findings highlighted a correlation between the use of hydrogen in the electricity sector through electrolysis and higher offshore wind deployment. In fact, a potential 83GW of offshore wind connected in the Leading the Way scenario, with a further 24GW of non-networked offshore wind was installed purely for hydrogen production. Lee Drummee, Analyst at Cornwall Insight, said: “The total energy input needed for hydrogen production ranges from 190TWh in Consumer Transformation to 736TWh in System Transformation. The difference represents the potential scale of hydrogen use for heating and heavy-duty transport. “There are several ways in which hydrogen can be produced, such as steam methane reforming, biomass gasification and electrolysis using renewable electricity. However, using methane or biomass to produce hydrogen also requires carbon capture use and storage (CCUS) to meet net zero targets, while electrolysis using renewable

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Press Releases, Renewable News, Solar

ArcVera Renewables, a leading provider of consulting and technical services for wind, solar and energy storage projects, recently completed a partnering agreement with VIM Energy, a Panama-based renewable energy development services company with additional operations in Colombia and Mexico. With this partnership, the companies will be able to provide clients in Latin America with turnkey solar and wind measurement field campaigns, energy assessments, and independent engineering advisory in the region.   VIM Energy has considerable experience in setting up wind and solar resource measurement field campaigns, and a proven ability to get the required equipment quickly into the field to gather bankable resource data. They can deploy and maintain systems in areas where it is difficult to manage and secure ongoing operations. VIM Energy has a proven track record in supporting clients who demand reliable measurement systems installation, delivered by a partner with a deep understanding of site measurement security. “Even the best measurement equipment will not provide value if it is not properly installed, documented, maintained, and if data is not handled and analyzed appropriately.”, said David Simkins, ArcVera’s Director of Business Development. “Together, ArcVera and VIM are now able to offer a one-stop-shop to ensure that these critical tasks are performed

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Misc, Press Releases, Renewable News

Bergen, Norway, August 3, 2020—StormGeo today announces the appointment of Kim Hedegaard Sørensen as the new Chief Operating Officer for StormGeo’s shipping division. Sørensen begins his new role immediately. Mr. Sørensen has an extensive portfolio of global C-level leadership positions in shipping and transportation, including CEO of Nordics Nagel-Group, Blue Water Shipping, and TransAtlantic Industrial Shipping. He also brings with him 17 years’ experience with Danish integrated shipping and container logistics company A.P. Møller – Mærsk Group. “I am thrilled to begin work at StormGeo during such a transformative period in the shipping industry,” said Sørensen. “StormGeo’s position as a cutting-edge leader in the digital space, as well as its progressive profile on leading the industry through climate change, made joining StormGeo an ideal choice.” “Kim is a dynamic leader and brings a proven track record in the shipping industry,” said StormGeo CEO Søren Andersen. “As the only company to offer integrated shipping solutions from planning and navigation, route advisory and fleet performance, Kim will be instrumental in driving our shipping business forward to support customer and industry transformation.” About StormGeo StormGeo is a global provider of weather intelligence and decision support services, with leading solutions for shipping, oil and gas, renewable energy, utilities, cross

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Press Releases, Renewable News, Wind

The 2.7 GW portfolio includes projects in France, Spain, Sweden and Poland Strong boost to Nordex’s capital structure Cash consideration of EUR 402.5 million before deduction of any customary fees, taxes and any other adjustments Further reinforcing the growth prospects, underpinned by a strong order book Hamburg, 3 August 2020. The Nordex Group leverages the current market environment with strong investor interest for projects under development and has decided to accelerate the value creation from a part of its project development pipeline in a single transaction. Now, RWE and Nordex have agreed on a sale of this business to the German energy supplier. This is still subject to usual transactional reservations. In total, the planned transaction includes a project pipeline with a volume of 2.7 GW. With around 1.8 GW, the focus is on wind energy projects of various stages of maturity in France. The portfolio in France also includes a pipeline of 0.1 GW of solar PV projects. The Nordex Group as potential seller and RWE have signed the respective put option agreement. The purchase price is approx. EUR 402.5 million. “The quality of the underlying assets and our consistent development track record have resulted in a strong interest for our

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Press Releases, Renewable News, Solar

The creditors' meeting of Solarworld Industries GmbH approved the sale of the buildings at Solarworld's former production site in Freiberg (Saxony). The purchase price amounts to EUR 12 million and includes buildings with a total area of 33,000 square meters, patents and trademark rights. At the same time, the rental agreement for the buildings of the former solar cell manufacturer Sovello with areas of 27,000 square meters in Bitterfeld-Wolfen (Saxony-Anhalt) was definitely signed. Two important milestones have thus been reached to ensure the start of production in the first half of 2021 with 400 MW solar cells and 400 MW solar modules as well as further growth at the locations.   Following the successful capital increase, Meyer Burger is working flat out to implement the new business model as a provider of technologically leading solar cells Made in Europe. The approval of the creditors' meeting of Solarworld Industries GmbH for the sale of the buildings and production facilities in Freiberg and the building in Bitterfeld-Wolfen enables Meyer Burger Meyer to convert the existing infrastructure and to set up its latest production machines to manufacture highly efficient solar cells with the proprietary heterojunction technology. In addition, Meyer Burger will acquire an existing logistics

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