Power & Energy Solutions

The premier renewable energy publication

Luxcara, one of Europe’s leading asset managers for renewable energy investments, and MEAG, the asset manager of Munich Re and ERGO, have initiated and structured a project bond to finance a wind farm in Norway. A lower three-digit million euro amount of projects bonds has been privately placed with investors of the Munich Re group. Equity is provided by a renewable energy fund for institutional investors, which is advised by Luxcara. The financing of the construction and commissioning of the wind farm Eikeland-Steinsland, which has a capacity of 155.4 MW, is based upon a long-term power purchase agreement (PPA) with Facebook. “We are very happy to have initiated and structured together with MEAG a project bond for a renewable energy project with a PPA in Europe”, says Dr. Alexandra von Bernstorff, Managing Partner at Luxcara. Holger Kerzel, Managing Director of MEAG: „We like to invest in renewable energy and we like to support the energy transition from fossil fuels to renewable energy. Financings of the private sector are an important contribution for the development of renewable energy." Luxcara and MEAG jointly structured the financing. Acting as the arranger, MEAG represents Munich Re's institutional investors. Luxcara was advised legally by Norton Rose Fulbright and MEAG by White

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Sales reaches EUR 957 million in the first half 2018 EBITDA margin of 4.0 percent Order intake rises to 2.1 GW Delta4000 series ready to launch Guidance for 2018 confirmed Hamburg, 14 August 2018. The Nordex Group (ISIN:DE000A0D6554) has announced today that it has generated sales of EUR 957.1 million in the first six months of 2018 (H1 2017: EUR 1,501.1 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) totaled EUR 38.4 million (H1 2017: EUR 117.5 million), resulting in an EBITDA margin of 4.0 percent (H1 2017: 7.8 percent). In the Service segment, Nordex increased sales by 7.7 percent from EUR 150.2 million to EUR 161.8 million to remain on track for growth. Sales in the Projects segment fell by 41 percent year-on-year to EUR 797.1 million during the period under review (H1 2017: EUR 1,356.5 million). Orders and production The Nordex Group generated order intake of 2.1 GW in the Projects segment during the first half of 2018 (H1 2017: 0.9 GW), including 1.1 GW in the second quarter (Q2 2017: 0.6 GW). Of this order intake, 1,091 MW (H1 2017: 210 MW) related to Latin America, 751 MW (H1 2017: 399 MW) to Europe, 113 MW (H1 2017:

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CRONIMET Mining Power Solutions Namibia and OLC Solar Energy engineered, financed and installed Namibia’s largest photovoltaic and storage system. The 150 kWp photovoltaic system which is combined with an efficient Qinous 332 kWh lithium Ion energy storage system is now operating. The innovative solar-plus-battery storage system will significantly reduce energy cost and ensure a sustainable operation of Chobe Water Villas, a remote Namibian Lodge. The boutique lodge is owned and operated by O&L Leisure Hotels & Lodges which is in turn part of the Olthaver & List Group. With the completion of the innovative solar-plus-battery storage system, CRONIMET Mining Power Solutions and O&L Leisure underline their role as first movers for green technology within the African hospitality industry. Recent projects at Mokuti Etosha Lodge and Midgard Country Estate, where luxury lodges are powered by solar plants, have created new dynamism in this sector. CRONIMET is the Engineering, Procurement and Construction (EPC) provider and further provides through its JV company OLC Energy Services the Operation and Maintenance (O&M) services to the combined solar and storage facility. OLC Mokuti Solar Energy, a joint venture of O&L Energy and CRONIMET Mining Power Solutions GmbH, operates the plant as the Independent Power Producer (IPP). About CRONIMET: CRONIMET

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Siemens Gamesa Renewable Energy (SGRE) will supply the Tonstad Wind Farm in Norway with 51 of its SWT-DD-142 Onshore wind turbines. After commissioning, the wind farm will be one of the largest in Norway. The project is developed by ENGIE and will have a total capacity of 208 MW. The wind farm is located in the municipalities of Sirdal and Flekkefjord in the South of Norway. Siemens Gamesa secures the long term performance of the wind farm with a full service agreement. Installation of the wind farm will begin in 2019. "This project shows once more the strength of our global setup. Our experience in the Scandinavian market and our turbines with their compelling track record in the Nordic region ensure the best possible support and value creation for our customer", says Steven Pryor, Onshore CEO for North Europe & Middle East at Siemens Gamesa Renewable Energy. The energy produced in the Tonstad wind park will be delivered to Hydro Energi, a wholly-owned subsidiary of the Norwegian aluminium producer Hydro. Hydro Energi has signed a Power Purchase Agreement (PPA) running for the next 25 years. The annual production will be more than 0.6 TWh, and will save nearly 526,000 tons of CO2

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SeaRoc Group continues to support the expansion of offshore wind in South East Asia with the delivery of four Offshore Wind Seminars in 3 countries next month. The seminars will aim to inform attendees of Risk Management and Project Management issues related to Offshore Wind Farms and mitigation measures available to manage and minimise their impacts. The potential negative results of poor quality Risk Management and Project Management can be significant due to the very large commercial investments required for offshore wind farms. The seminars will focus on the specific phases of construction, operation and maintenance and will cover commercial issues and health and safety considerations. The seminars take place over four dates: Taipei, Taiwan – 17 th September 2018 Seoul, South Korea – 19 th September 2018 Tokyo, Japan – 20 th September 2018 Fukuoka, Japan – 21 st September 2018 For the Seoul seminar SeaRoc Group will be working with partners P2B Maritime and Blue Wind to deliver an informative agenda based on their extensive experience and knowledge of the offshore wind sector. Interested participants should email info@searoc.com – spaces are limited.

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Huawei is delighted to announce that Alison Finch, Chief Marketing Officer (Europe), has been appointed to the prestigious post of Vice President on SolarPower Europe’s Board of Directors, Europe’s leading solar association. Alison Finch has been a non-executive Board member since March 2017 and became Vice President in July after securing most votes in a poll of SolarPower Europe members during the recent AGM. The Chief Executive of SolarPower Europe, Dr James Watson said “We are delighted that Alison and Huawei are taking up such a strong presence and leading role in our association. I greatly appreciate the support and input of Alison in our contribution to a strong and dynamic market for solar power in Europe. Huawei has been a leading member in our association over the past few years and this appointment recognises their valued input.” Alison Finch said, “I am very honoured and thrilled to take on the role of Vice President and I am looking forward to contributing to what I believe is a strong future for solar power in Europe. Huawei is fully committed to partnering with others in the industry to encourage innovation and accelerate the deployment of solar, which will help improve the lives of

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Brave Tern, the 132-metre jack-up operated by Fred. Olsen Windcarrier AS, has completed a major crane refit at Damen Shiprepair Amsterdam. The main operation was the insertion of a 20- metre section into the main boom of the 800-tonne crane, allowing it to reach a height of 120 metres. This upgrade now allows it to install and maintain the next generation of wind turbines. The operation to insert the additional section took 30 days in total. It required the unreeving of all the crane wires before the crane boom could be dropped down to rest on a support structure built from containers. The boom was then cut in two and the new section inserted and secured using flanges. Following the completion of the new boom the wires were re-reeved and a series of load tests conducted before the crane was certified ready for operations. Fast turnaround time To secure the order, Damen Shiprepair Amsterdam (DSAm) offered a fast turnaround time without any loss of quality or attention to detail. Not only was the project time highly competitive, the actual order was only received the day before the vessel arrived at the yard. However, DSAm had the necessary capacity available and the next

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Array Technologies, the global pioneer of solar tracking technology, is continuing to grow business at a steadfast pace Down Under. The company entered the Australian market just 18 months ago, and has since been awarded 15 projects exceeding one gigawatt (GW) of installed capacity, making it the fastest tracker supplier to reach the milestone in the Australian marketplace. Last week, GTM Research released its annual tracker report noting the company has taken an impressive 55 percent market share in Australia. “Australia is an exciting market for us here at Array. The pace at which the country is embracing solar demonstrates how cost-competitive utility scale solar in Australia is today," said Jeff Krantz, vice president at Array Technologies, "We have embraced our leadership role in the market, leveraging our 29-years of experience to help to set the standard for bankable solar PV in Australia.” Australia is one of the most promising solar markets globally for solar tracker deployment. The Australian Photovoltaic Institute estimates that a pipeline of around 35 GW of utility scale solar PV projects are in various stages of development. On the back of this, the growth in the demand for solar trackers is unparalleled: 83 percent of utility scale projects currently being installed

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China State Shipbuilding Corporation Limited (CSSC) has welcomed the rapid growth of its exclusive marine equipment service platform, CSSC Marine Service Co.,Ltd, (CMS), during its first twelve months of trading. Increasing demand for services offered by CMS has necessitated plans for service expansion, the details of which CMS will be communicating during the upcoming SMM exhibition in Hamburg, Germany between September 4-7, 2018. CMS delivers life-time service for all CSSC-manufactured engines and products in addition to providing warranty handling for engine manufacturers HHM and CMD.  Since the company’s establishment in 2017, CMS has been steadily developing its capabilities and rapidly expanding to meet customer demand in parts supply, field services, dry docking, warranty support, maintenance agreements and remote monitoring services. A 24-hour hotline service commenced at the beginning of 2018 which is serviced by local service experts with back up support from CMS’ OEM licensors. Services offered enable CMS to fully support the current portfolio of engines available and to give ship owners confidence in ordering CSSC built equipment. The launch of CMS business by CSSC in June 2017 coincided with the inauguration of a new logistics centre located within the Yangshan free trade zone in Shanghai. Opened as a first step to enable quicker

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Knowing the exact degradation rate of a panel or where exactly a connector is broken is simply out of reach for existing monitoring solutions. SunSniffer® adopted a technology from NASA and refined it together with the German Aerospace Center (DLR). It could be not less than a game changer. How do you detect faulty connectors in a PV plant? You visit the plant and check each panel? Not with the new technology of SunSniffer®: its new “Digital Twin” offers this information at the push of a button, together with all other errors and power reducing issues, panel-precise – and from 1 cent per Wp. Studies revealed that 8% of all panels are broken, and 34% already have some sort of failure*. Finding those panels and clarifying the warranty issues – especially if it is linear warranty – represent time and cost intense challenges. Similar problems were faced by US space agency NASA back in the early days of space exploration: how to operate, maintain or repair a faraway device or component? They found the answer: pairing it! At the beginning the twins of course were analog, but today the Digital Twin is a fixed component in NASA developments. Considering PV, SunSniffer® managed

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