Power & Energy Solutions

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• The company will supply 22 SWT-3.4-108 for two wind farms in Hokkaido Siemens Gamesa continues to reinforce its presence in Japan by reaching its first agreement with Tokyu Land Corporation for two projects in Hokkaido, and will supply 22 of its SWT-3.4-108. Both nacelles and hubs will be manufactured in Denmark, while the blades will be produced in China and Denmark. The turbines will be delivered in 2018-19 and the first batch has arrived at the port in Hokkaido last April. Siemens Gamesa will also handle the operations and maintenance services at these facilities for the next 20 years. In words of Álvaro Bilbao, CEO of Siemens Gamesa’s APAC Onshore business, "Siemens Gamesa is strongly committed to the Japanese market. We were pioneers in this market and we have established ourselves as the leading supplier thanks to our ability to adapt to our customers' needs". The contracts were signed in August 2017 and March 2018 and are part of the Order Book announced in the results of Q2 FY2018. Siemens Gamesa in Japan Since entering this market in 1999, Siemens Gamesa has installed 188 wind turbines in the country (more than 323 MW). The company is also an active player in the operation and maintenance

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Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) today announced the successful conclusion of repeat orders from two existing customers for its versatile DS 261 wire saw equipment for slicing and wafering applications in the semiconductor industry. In response to the strong growing global demand for semi-wafers, the customers, global manufacturers in the semiconductor industry, are expanding their production capacity. The strategic selection of Meyer Burger’s DS 261 cutting equipment is based on their excellent experience with Meyer Burger’s technology from previous projects. It also underscores the customers’ confidence in Meyer Burger’s in-depth expertise in precision cutting technologies which enable the production of semiconductor wafers with outstanding surface qualities. The total contractual value of both orders is about CHF 17.5 million. The orders comprise the installation, on-site training and service of the DS 261 wire saw equipment. Delivery of the equipment is scheduled to begin in the first half of 2019.

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REDEN Solar, which already has a strong presence in France and Latin America, has chosen to continue its European development in Portugal, due to favorable economic prospects and the country's strong commitment to renewable energies. Thanks to the continued support of successive governments in recent years, renewable energy now accounts for 68% of the country's energy mix, making Portugal one of the countries with the highest renewable energy penetration worldwide. This commitment to green energy is confirmed by the stated objective of the current Government to reach 80% of renewable energy in the energy mix thanks to the development of photovoltaic energy. Thierry Carcel, President of REDEN Solar said: "This transaction marks a key milestone in the deployment of the new strategy launched by our Group a year ago with the arrival of two new key shareholders, INFRAVIA and EURAZEO Patrimoine. Our objective is to invest to develop our activities in France and around the world by fully exploiting the Group's potential. The choice of Portugal is also part of the ambitious approach taken by the State in the promotion and development of the renewable energy sector. Its commitments are now turned into action and their continued implementation plays a key role

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Former RES co-founder and Chief Technical Officer to join Lidar-company Board 14 May 2018: As part of strategic and significant growth plans within the business, ZephIR Lidar can confirm the appointment of Dr. Mike Anderson to the Board. Anderson, a co-founder of Renewable Energy Systems (RES), a leading developer, constructor, owner and operator of wind energy projects throughout the world, joins ZephIR Lidar with immediate effect following his 35 year career as Chief Technical Officer. A significant achievement during this time was to lead the RES Technical Team in the development and design of the then largest wind farm in the world, King Mountain in Texas. Mike joins the board as ZephIR Lidar capitalises on the significant industry opportunities created by the company and others such as RES over the past 15 years. “It is a proud moment seeing truly one of the pioneers of wind energy joining the pioneers of Lidar within that same industry” commented ZephIR Lidar MD, Ian Locker. “We have a significant opportunity to capatilise upon something we have created over the past fifteen years. Mike is absolutely the right person to help us to do that – the wealth of experience, the passion and the individual. We send Mike a

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North Sea Hagland Shipbrokers ApS (“North Sea”) of Esbjerg, Denmark, and NSH-Shipbrokers GmbH (“NSH”) of Hamburg, Germany, announced today that they are combining their resources. The acquisition will strengthen the services offered to clients. The parties have entered into agreements whereby North Sea acquires the majority of the shares in NSH. North Sea and NSH will act as one team and NSH will be renamed to North Sea Hagland Shipbrokers GmbH. Mr. Anders Helsinghoff Fjord will be Director and Mr. Dominic Bigott and Mr. Max Mehringer will be managing partners. The combined organisations will be well positioned to provide a broader range of integrated services and solutions to the industry worldwide. - We are very pleased to have Dominic Bigott and Max Mehringer onboard our team, says Director and owner Anders Helsinghoff Fjord. – Dominic and Max are two very professional shipbrokers with a proven track record in the market, and we firmly believe our combined experience and knowledge will enable us to offer even better shipbroking services to charterers and ship owners. -‘Through the combination of resources between Hagland and North Sea Hagland Shipbrokers with addition of an office in Hamburg , we have significantly strengthened our position as brokers in the

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 Thanks to these new contracts, Ingeteam totals nearly 800 MW of PV inverters supplied to Mexico  Ingeteam maintains 49% of the Mexican solar plants  From the 21st to the 24th of May Ingeteam is to exhibit at MIREC WEEK, Mexico’s main renewable energy trade show Ingeteam, a leading company in the design of power and control electronics, electric machines and electrical engineering, has recently signed a number of contracts for the supply of photovoltaic plants to Mexico, a country in which the company has a considerable market share in the wind and solar power sectors, and in the provision of operation and maintenance services for energy generation plants. The company, which has been present in this country since 1998, is to supply 555MW of solar PV inverters, mostly directed at large solar plants, although part of the supply is for commercial plants based on string inverters. Most of the supply corresponds to the Skid series for Ingeteam's Inverter Station, comprising a metal platform or skid holding all the low and medium voltage devices required (LV/MV transformer, MV cells, LV switchgear and auxiliary services transformer), in addition to the central inverters pertaining to the INGECON SUN PowerMax B series. This equipment has a

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As part of the optimisation programme regarding the Thun manufacturing site and the company’s product portfolio which was communicated on 2 November 2017, Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announced today that it will transfer its Solar Systems business (“Energy Systems”) and the 32 impacted employees to 3S Solar Plus AG, a company which will be newly created and which has been sold to Dr Patrick Hofer-Noser. In the past few months Meyer Burger had evaluated various strategic options for the business which mainly addresses the Swiss market with its MegaSlate® products. The sale will result in a loss for Meyer Burger in the low single-digit million range including a goodwill recycling of around CHF 1 million. Completion of the contract which has been signed with Dr Patrick Hofer-Noser is subject to standard closing conditions and expected to be completed in the first half of 2018. Both parties have agreed to maintain confidentiality regarding the transaction price. Hans Brändle, CEO of Meyer Burger: “By selling the Solar Systems unit to Patrick Hofer-Noser, we have found an industrial and especially also local solution for the MegaSlate® business and the employees.” Patrick Hofer-Noser is a long-time, internationally respected specialist in the solar

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The First Corporate Bond to be Issued by a Non-Financial Institution in Ghana Ghana – May 10, 2018 – PIDG company GuarantCo has signed a deal with Quantum Terminals to support the operations of Quantum’s LPG storage business in Ghana. Quantum Terminals is issuing a GHS 45 million (USD 10 million), 10-year corporate bond on the Ghanaian Stock Exchange. The bond has a 75% partial credit guarantee from GuarantCo, for the benefit of pension fund investors that have subscribed to the issue. This is the first tranche of a GHS 140 million bond programme by the company. Quantum Terminals is the first non-financial institution to issue a corporate bond on the Ghana Fixed Income Market. The long tenor of 10 years is also a first in the Ghanaian corporate bond market. The local currency nature of the bond will allow Quantum Terminals to manage future exchange rate volatility. The bond’s innovative nature and ability to strengthen capital markets in Ghana is inextricably connected to GuarantCo’s mission, which is to support the development of capital markets and infrastructure in emerging and frontier markets, to assist with the alleviation of poverty. This bond issuance is expected to have significant demonstration effect in Ghana. GuarantCo CEO, Lasitha Perera

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The National Subsea Research Initiative (NSRI) has elected two new board members as it looks to expand its capabilities in the growing renewables, mining, defence and aquaculture sectors. Following a strategic review, NSRI identified the need to restructure in order to reflect the global energy transition. Although still heavily focused on the oil and gas market, the organisation will be looking to enhance its offerings to better support other offshore sectors. Simon Cheeseman, of the ORE Catapult and Claus Hjoerringgaard of Wood Clean Energy have joined the board of NSRI to support the organisation’s plans to support UK companies break into multiple energy markets. A former marine engineer, Mr Cheeseman joined the ORE Catapult in February 2014. He is responsible for managing the organisation’s marine renewables strategy, identifying the wave and tidal technology innovation needs. Previously, he worked with the Energy Technologies Institute, where he was marine programme manager for a range of high profile wave and tidal development projects. Mr Hjoerringgaard, currently managing director of Wood Clean Energy brings more than 25 years of experience having been involved in all aspects of commercial, technical and legal issues within the energy sector. Prior to joining Wood Clean Energy, he held a number of senior

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ACCIONA’s energy storage plant in Barasoain (Spain) is the first in the world to undergo comprehensive system-level certification DNV GL certificate demonstrates the safety, performance and reliability of the grid-scale energy storage system Certification was carried out in line with the GRIDSTOR Recommended Practice 9th May 2018. ACCIONA Energia, the biggest global operator exclusively in renewable energies, today received the first ever prototype certificate for a grid-scale energy storage solution by DNV GL, the world’s largest resource of independent energy experts and certification body. The handover of the certificate took place at the American Wind Energy Association’s 2018 Windpower Conference in Chicago. To explore the possibilities of grid-scale storage, ACCIONA Energia started up a hybrid plant for storing electricity in batteries as part of its grid-connected wind farm at Barasoain in Navarra, northern Spain. The plant in Barásoain is equipped with a storage system that consists of two batteries located in separate containers: one fast-response battery of 1 MW/0.39 MWh (capable of maintaining 1 MW of power for 20 minutes) and another slower-response battery with greater autonomy (0.7 MW/0.7 MWh, maintaining 0.7 MW for 1 hour). Both have Samsung SDI Li-ion technology connected to a 3-MW AW116/300 wind turbine of ACCIONA

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