Power & Energy Solutions

The premier renewable energy publication

Kahl am Main/Shanghai, November 06, 2018 - In the course of a festive signing ceremony during the International Import Expo Show (CIIE) in Shanghai, China, a letter of intent (LOI) for the delivery of more than 10 production machines for the site in Bengbu, Province Anhui, for the manufacturing of 300 MW of CIGS thin-film solar modules at each site was signed today. The contractual partner for SINGULUS TECHNOLOGIES are subsidiaries in operation of China National Building Materials, Beijing (CNBM). CNBM plans Additional 300 MW Production Capacity for CIGS Thin-Film Solar Modules in Bengbu to increase production to 600 MW. SINGULUS TECHNOLOGIES now shortly expects the signing of the respective detailed delivery contract for more than 10 production machines of the CISARIS, SELENIUS and VISTARIS type on the basis of the letter of intent. The volume will then amount to a high double-digit million Euro amount. The financing of the projects is expected after the signing of the legally binding delivery contracts.

Read More

Spain, November 6, 2018. Ingeteam, the world-leading supplier of electrical conversion equipment, announced today that it received DNV GL’s certification for its Ingecon®Wind stator-equipped 2MW DFIG converter. With this latest achievement, Ingeteam completes the range of its products covered under DNV GL certification, such as the medium voltage full power converters and the statorless DFIG converters; and demonstrates its ability to consistently meet DNV GL’s quality and safety requirements across multiple drive-train topologies.    Ingeteam’s low voltage DFIG power converters have been developed with a modular FRT solution to optimize cost-effectiveness and fulfil the strictest international grid codes. It is a mature technology used by many of the main turbine manufacturers, offering key advantages with regards to costs and sizes savings. The DNV GL Component Certificate confirms that ingeteam’s converter is designed, documented and manufactured in accordance to design assumptions, specific standards and technical requirements, globally. It also makes the process of new turbine development easier, speeding up the integration of components to wind turbine platforms. “To this day, DFIG converters remain the most proven, efficient and cost competitive drive train topology,” explained Ion Etxarri Sangüesa, R&D Quality Team Leader of Ingeteam Wind Energy. “Our DFIG converter series offer cost-optimized products for each

Read More

• EBIT margin (1) at 7.6% with a sound balance sheet, returning to a net cash position of €615 million • Strong performance in Q4: revenue growth to €2,619 million (+12% YoY) and EBIT margin (1) at 8.2% • Peak backlog of €22.8 billion (+10% YoY), boosted by stable order intake of €11.8 billion (+9% YoY), securing future growth • Ready for the next phase of the company program L3AD2020, after achieving productivity improvements of €800 million, including €175 million in synergies • Guidance set for FY 2019: revenues of €10-11 billion, EBIT margin (1) of 7-8.5% and on track to meet FY 2020 targets based on financial framework launched at CMD Siemens Gamesa Renewable Energy today released its results for FY 2018 (October-September) and the fourth quarter (July-September). In the full year, ended September 30, 2018, revenue amounted to €9,122 million, while EBIT pre-PPA, restructuring and integration costs was €693 million with an EBIT margin at 7.6%, The EBIT margin is impacted by double-digit price decline in onshore wind turbine business partially compensated by synergies and productivity and the strong performance in Service. Net income continued to recover, reaching €70 million inFY 2018, including the impact of integration and restructuring costs (€176 million). The company increased

Read More

Transformer failure is a concern for over 80% of industry professionals surveyed Failure puts business continuity at risk Operations and maintenance regimes are critical Industry leading research launched today by MIDEL, the world’s leading brand of ester-based transformer fluids, reveals the real and significant threat posed when a transformer fails, and a high level of concern about its impact on business continuity. The research entitled the MIDEL Transformer Risk Report reveals that 6 in 10 industry professionals who took part in the survey had experienced transformer failure in the last five years, while 5 in 10 said transformer failure would significantly impact or halt their businesses’ operations. Barry Menzies, Managing Director Global of MIDEL, said: “Transformers are critical components of our electricity infrastructure, but the impact and extent of transformer failure is not widely documented. “The MIDEL Transformer Risk Report shines a light on transformer failure and the findings are clear: it has a significant and prolonged impact on businesses. An interruption to business operations can be very expensive, demonstrate poor corporate social responsibility and impact business continuity.  “The good news is that many of the causes of transformer failure are largely within the operators’ control. It’s relatively straightforward to replace old equipment and

Read More

China becomes a dominant player in the energy space Paris 2015 Climate Accord targets could slip out of reach, as economy rebounds While the Utilities landscape rebounded with renewed financial strength, the need to accelerate their transformation heightens as competition from new players emerges All segments of the value chain are impacted by digital transformation  Capgemini has today published the twentieth edition of its annual study, the World Energy Markets Observatory (WEMO) report, created in partnership with De Pardieu Brocas Maffei and Vaasa ETT. The study reveals China’s role as a leading worldwide player in technology, equipment and Utilities ownership, and highlights that global economic growth has increased energy demand and leaves long-term climate change targets in question. This is despite a year that saw both fast-rising European carbon prices and falling renewable energy costs. Meanwhile, fossil fuel price increases have led to price rebounds in wholesale electricity and gas markets, notably in Europe. In turn, Utilities are showing improved financial health, and the overall landscape is changing. They are adapting their business models with new technologies such as IoT, AI, chatbots, and blockchain as competition from new players emerges. All segments of the value chain are impacted by

Read More

The first joint project from Eneco and Goldbeck Solar in the Netherlands has been completed in August and was built on the property of the regional water supplier Evides in Hoek. The solar farm in the south of the Netherlands, near the Belgian border, has a capacity of 2 MWp. Approx. 1.900 megawatt hours will be produced and fed into the public grid, remunerated under a subsidized SDE+ contract. Goldbeck Solar is one of the few companies which have passed Eneco`s competitive selection process for construction partners. “We are pleased about this first project and hope that the solar park lays the foundations for future cooperation. “After our Dutch premiere in Veendam and the present constructions in the Netherlands we appreciate to work together with Eneco as a strong partner, states Tobias Friedrich, International Key Account Manager at Goldbeck Solar, and responsible for sales in the Netherlands. Two projects in the double-digit MW range will be completed and grid connected in the Netherlands this year, Björn Lamprecht, COO of Goldbeck Solar, gives a positive outlook: “Chances are also good to expand the business in the Netherlands. The order books are actually filling up.”

Read More

Photon Energy broke ground on eight solar PV projects with a total capacity of 5.5 MWp in Almásfüzitő, Hungary The construction costs will be approximately EUR 6.1 million and the completed plants are projected to annually generate 6.6 GWh of electricity Amsterdam, 5 November, 2018 – Photon Energy (WSE: PEN, the 'Group') announces that its subsidiary Photon Energy Solutions HU Kft started construction as EPC contractor on eight photovoltaic power plants with a total capacity of 5.5 MWp in Almásfüzitő, Hungary. The eight solar facilities of 498 kW each will be installed in the vicinity of the Hungarian village Almásfüzitő located some 75km northwest of Budapest near the Slovak border. Covering an area of 6.96 hectares, the power plants will be composed of almost 20,000 Jinko modules that are designed to generate around 6.6 GWh of electricity per year. Subject to weather conditions, the power plants are expected to be connected to the grid of E.ON Észak-dunántúli Áramhálózati Zrt before the end of the year. Photon Energy will deliver the engineering, procurement and construction services through its subsidiary Photon Energy Solutions HU Kft. Once connected to the grid, the group’s subsidiary Photon Energy Operations HU Kft will provide long-term monitoring as well

Read More

As informed in Company Announcement no. 30 of 13 November 2017, NKT has signed a Preferred Bidder Agreement (PBA) for delivery and installation of export cable systems to the prospective offshore wind farm project Moray East. Now, NKT and the project developer, MOWEL, Moray East Offshore Windfarm Ltd, owned by EDP Renováveis S.A., ENGIE and Diamond Generating Europe Ltd., have signed the final binding agreement on the project. For NKT, it means that the order is confirmed. The Moray East project comprises manufacture of approx. 175 km of 220 kV AC offshore export cables, installation by the NKT Victoria cable-laying vessel and burial of the cables. The order represents a contract value for NKT of approx. EUR 150m (approx. DKK 1,118m) in market prices, equivalent to approx. EUR 140m (approx. DKK 1,043m) in standard metal prices. Installation of the cables is expected to commence in 2020. The Moray East offshore wind farm is to be situated off the north-east coast of Scotland and will provide electricity for approx. one million UK households when fully commissioned by 2021.

Read More

FREMONT, Calif. — November 1, 2018. SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the third quarter ended September 30, 2018. Third Quarter 2018 Highlights  Record revenues of $236.6 million, up 42% year-over-year GAAP net income of $45.6 million GAAP net diluted EPS of $0.95 Non-GAAP net diluted EPS of $0.86 1,083 Megawatts (AC) of inverters shipped “This quarter we continued to grow our revenues and market share,” said Guy Sella, Founder, Chairman and CEO of SolarEdge. “We shipped 1.1GW of systems and delivered over three million power optimizers, with record high shipments of commercial products.” “While continuing to expand our existing business, we closed the asset acquisition of a new UPS division, Gamatronic. In the first weeks of October, we also signed and closed the Kokam acquisition which will expand our smart energy offerings, adding proven battery storage options to our product portfolio. These acquisitions will take us a further step toward offering full solutions that are more comprehensive, smarter and beneficial.” Third Quarter 2018 Summary The Company reported record revenues of $236.6 million, up 4% from $227.1 million in the prior quarter and up 42% from $166.6 million year over year. GAAP gross margin

Read More

Hamburg, 1 November 2018. The Nordex Group has secured an order for a total of 57.6 MW for a cluster of wind farms in Mecklenburg-Western Pomerania, Germany. The "Hoort" wind farm is a joint project by LOSCON GmbH, a wind farm developer, and mea Energieagentur Mecklenburg-Vorpommern GmbH (mea), a wholly owned subsidiary of the municipal utility WEMAG AG. Nordex is to supply 16 N117/3600 turbines, ten to LOSCON GmbH and six to mea. The order also includes Premium Service contracts, each with a period of 15 years and an option to extend by a further five years. In August 2018 the "Hoort" project was awarded contracts in the third bidding round for onshore wind turbines in Germany. With a rated installed capacity of 57.6 MW "Hoort" will be the largest wind field currently under construction in Mecklenburg-Western Pomerania. Construction is due to begin at the end of 2018 with the turbines being installed in the summer of 2019. Key features of the project to the south of Schwerin are the local value creation and the citizen participation. Apart from the turbines, which Nordex will manufacture in its Rostock plant, the manufacturer will also be setting up a service point for maintenance of

Read More