Power & Energy Solutions

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S&P Global Ratings views the electric utilities' regulatory framework in Latin America as supportive, overall. Regulations in most of countries allow for timely recovery of operating costs and capital. We consider such frameworks as predictable and transparent, which we view as credit supportive. During the short and medium term, we believe regulators will focus on raising the share of non-conventional renewable energy in the electricity matrix; improving the transmission systems and connectivity to new industrial and/or urban areas; and using additional investments and digitalization efforts in order to improve efficiency. Key Takeaways -  Chile'sregulatorhasasolidandlongtrackrecord.Theframeworkhasnotonlybeen resilient to economic expansionary cycles, but more importantly, to recessions. Similarly, Colombia's efforts to ensure the stability of electric utilities has spanned almost 30 years. -  Inourview,Brazil'sregulatoryframeworkisgraduallyimproving.Ratesarebetter reflecting electricity costs which, in turn, is bolstering the financial stability of the sector's companies. That said, the industry experienced some political interference during the previous administration. -  ArgentinahasmadeseveralmodificationstoreducemarketdistortionssincePresident Macri took office in late 2015, but we believe there's still a long road ahead before regulations catch up with those of neighboring countries. -  WebelieveMexico'sregulatoryframeworkhasbeenslowlyimproving,withtherising transparency in the electricity rate setting and share of private investments in the generation sector. However, there are substantial uncertainties over the new administration's approach

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Award ceremony in Ivory Coast Wittenberg/Germany, Abidjan/Africa, 14 March 2019 – Tesvolt has been presented with an international award for rural electrification. The German manufacturer of power storage systems for agriculture and commerce received the prize in the category Private Sector in Australia, Europe and North America for establishing a sustainable energy supply on an avocado farm in Australia. The award was presented yesterday evening during a ceremony hosted by the Alliance for Rural Electrification (ARE) at the headquarters of the African Development Bank in Abidjan. Last year, the Australian project already won The smarter E AWARD at the Intersolar exhibition. Press photos are available here: https://www.tesvolt.com/en/presse/tesvolt-wins-international-award-for-rural-electrification-__prr33.html “This award honours the most passionate and innovative players working to provide people with access to energy. Tesvolt submitted a well-rounded concept which stood out against the rest, particularly with regard to its effectiveness and potential for use in other areas,” said Guilherme Collares Pereira, head judge and ARE Vice President. The international industry organization has approximately 150 members, mostly project developers and technology providers. It has been campaigning for over ten years for low- to middle-income households in rural regions, in particular, to receive access to affordable, safe and clean energy. About 1 billion people

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The developments which have taken place in flow assurance over the last thirty years are set to be discussed at an event run by Subsea UK in Aberdeen this month. A number of experts will explore the challenges and new developments taking place in flow assurance at the one-day conference, which will take place on Thursday, 28 March at Norwood Hall Hotel. Sponsored by Proserv, speakers at the event will include representatives from; Wood PLC, The Oil & Gas Technology Centre (OGTC), Tracerco, Xodus, OneSubsea, Advisian, Assured Flow Solutions, Blue Gentoo and Crondall Energy. The conference will explore the new technology being developed to improve flow assurance, including developments in data management, fluid chemistry, scanning equipment, sensors and predictive maintenance. The challenges presented by traditional wax management will also be discussed. Attendees will also be given an update on the ongoing study to consider the economic impact of applying Pseudo Dry Gas technology to stranded gas fields in the West of Shetland. Neil Gordon, chief executive of Subsea UK, said: “One of the key challenges in ensuring that offshore operations are cost effective is ensuring that there is no disruption to the flow from a pipeline, making effective flow assurance vital to ensuring the success

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Luxcara, one of the leading asset managers for renewable energy investments, and Alpiq, a pan European energy services provider and electricity producer with Swiss roots, offering customized and digital energy solutions, have entered into a physical long-term power purchase agreement (PPA) for the output of the Spanish solar project El Salobral. The solar project is located in the southern Spanish municipality of Espejo. With a capacity of approximately 45 MWp, the solar plant will provide more than 20,000 households with renewable energy. “Already back in 2015, we started to focus on projects in grid parity markets and to structure PPAs with reliable offtakers for our wind and solar portfolio. We are happy to now enter into an agreement with Alpiq for this solar project in Spain”, says Dr. Philip Sander, Managing Partner of Luxcara. “Alpiq is strongly committed to the Spanish market for almost 10 years and we have a vocation for growth in Spain, where we remain very close to renewable producers and cogeneration plants offering tailor-made solutions to optimize their revenues and help them manage their risks, and on competitive gas and power supply. This is a very relevant transaction for Alpiq in Spain and we expect that we will be

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Wednesday, March 13, 2019 — DEME Offshore, formerly GeoSea, has announced the selection of Tier One suppliers for its Moray East offshore windfarm foundation contract, many of which are based in the UK. The 950 MW wind farm is being developed by Moray Offshore Windfarm East Ltd (MOWEL) which is a joint venture company owned by Diamond Green Limited (33.4%), EDPR (33.3 %), ENGIE (23.3%) and CTG (10%).The project was initiated following the award of a £57.50/MWh Contract for Difference (CfD) by the UK Government in 2017. DEME Offshore’s announcement of Tier One suppliers for its EPCI works marks the culmination of around 1.5 years of work, which it carried out under an early works’ contract for the design and procurement of 100 wind turbine foundations, plus three offshore substation platform foundations. DEME Offshore will perform the transport and installation of each of the foundations and the three topsides for the offshore substation platforms. High level of UK local content The offshore installation works will be undertaken from northern Scottish ports, including the Port of Invergordon which has been lined up by DEME Offshore to act as a staging facility under a multi million pound contract. A major portion of the fabrication works (including all

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Cargostore Managing Director, Justin Farrington Smith has been appointed as the Chairman for the Southern Region Committee of the Energy Industries Council (EIC). The role of the Chairman is to bring together the committee members in order to shape the future direction of the EIC for the region. Natalie Melliard, Business Leads and Events Manager for the EIC says ‘Justin was nominated for the role as he is extremely pro-active in the committee, often attending, funding and assisting with networking events. He is a strong leader and advocate for the EIC and after accepting the nomination was voted in by the current members of the committee.’ Mr Farrington Smith’s background in maximising business potential for organisations will be put to good use at an exciting time as the EIC continues to drive strategy forward and build deeper relationships with members to fulfil their purpose to help members understand, identify and pursue business opportunities globally. Mr Farrington Smith says, “The Energy Industry Council is the leading trade association for UK energy supply companies, and I was honoured to be asked to chair the southern regional committee. Over the coming months I hope to work closely with the EIC team and members.” About Justin Farrington Smith. Mr Farrington Smith

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13 March 2019, Sheffield, UK: Libertine FPE (“Libertine”), the creator of Smart Engine technology for electric vehicles (EVs), has joined forces with Productiv, a provider of venture engineering services for cleantech businesses, to accelerate and de-risk commercialisation of a range of modular Smart Engines using Libertine’s intelliGEN platform. The collaboration will focus on delivering electric vehicle and lab-based prototype power generator systems to showcase Libertine’s modular Smart Engine packaging concept, and demonstrating the Smart Engine performance made possible by Libertine’s linear e-machine and controls technologies. In addition, Libertine and Productiv are planning to establish pilot manufacturing systems at Productiv’s facility at The Proving Factory in Coventry to support Smart Engine client product developments with pre-production prototype systems including full vehicle demonstrations. Smart Engines at a glance A Smart Engine has the crankshaft replaced by software-controlled linear electrical machines that generate electrical power and govern piston motion to optimise the combustion process.  In addition, advanced data logging, analytics and diagnostics functions in Smart Engines will reduce maintenance costs and improve demand response. Libertine’s real-time electronic piston motion control and adaptive control algorithms will help make Smart Engines that are far more efficient, cleaner and more flexible than conventional engines. Smart Engines are a key technology in

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The majority of photovoltaic (PV) systems in Germany are roof-mounted using a mounting system to fix the modules. On the other hand, solar PV modules that are fully integrated into the façade or roof offer many advantages to the building owner. Presently a global mass market is developing for photovoltaic building envelopes, allowing cities, in particular, to develop a more sustainable energy consumption. Researchers at the Fraunhofer Institute for Solar Energy Systems ISE have made recommendations as to how European manufacturers can participate more successfully in this market. Key facets are the industrial production of custom-made solar components for buildings as well as the incorporation of these components in the planning tools and processes of building specialists. On March 18-19, 2019, the BIPV Forum is meeting in Bad Staffelstein, directly prior to the PV Symposium held there annually. About 75 percent of all solar PV systems in Germany are roof-mounted, and 25 percent are installed in open areas. The share of building-integrated solar modules, or BIPV, is still rather small, which is quite astounding. Building-integrated modules not only supply electricity, but also function as noise barrier, insulation and provide protection against wind and weather. Additionally, photovoltaic systems integrated into transparent building

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Test VPP to combine companies’ peer-to-peer network technology and renewable energy products for improved energy distribution Kyoto/London, March 12th, 2019. Kyocera and New York-based LO Energy Inc. today announced a joint project to test the feasibility of a blockchain-managed virtual power plant (VPP) utilizing a peer-to-peer1 distributed consensus network. The test started February 28th, 2019 at Kyocera’s Yokohama Nakayama Office in Kanagawa Prefecture, Japan, where a small VPP was installed using the company’s solar photovoltaic (PV) modules and batteries. The energy will be controlled through LO3 Energy’s distributed ledger technology to log and manage energy flow. LO3’s blockchain technology is used for verifying and recording transactions, enabling consumer “sharing” of energy they produce with their own solar panels via a microgrid, which can reduce the burden on the larger energy grid. Background and Purpose In Japan, where renewables play a major role in the government’s energy portfolio plans, a dedicated research initiative is under way to create new “smart” energy networks. Kyocera has continually provided solar power generating systems and storage batteries for Japan’s government-led VPP test projects, developing new expertise in remotely controlled distributed power resources. By combining Kyocera’s expertise with LO3 Energy’s blockchain technologies, the companies will evaluate VPPs that promote

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Adjusted EBIT of about EUR 2.6 billion and adjusted net income of over EUR 1.0 billion Executive Board and Supervisory Board of innogy SE will propose dividend of EUR 1.40 per share for fiscal 2018 Continued focus on growth strategy and securing existing business in 2019 Essen, 13 March 2019 Fiscal 2018 was an eventful year for innogy SE: in March, the planned takeover by E.ON/RWE was announced, the joint preparation of which is now in progress, within the boundaries set by anti-trust law. In its Renewables division, innogy successfully implemented its growth strategy and expanded its activities to include new markets and projects. However, positive developments were overshadowed by unusually low wind levels across large areas of Europe, which had a negative impact on the result. Earnings developed positively in the company’s grid business, due to one-off effects from the accounting measurement of items, among other things. In Retail, negotiations to merge the UK retail business of npower with the British retail activities of SSE plc were stopped at the end of the year with no result. For this reason, innogy had to again include its UK retail activities with their negative earnings contribution in the adjusted Group result.

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