Power & Energy Solutions

The premier renewable energy publication

• Net sales +9% to CHF 232.3 million • EBITDA more than quadrupled to CHF 29.2 million • EBIT of CHF 14.9 million and net profit of CHF 8.3 million • Reorganisation of Thun site on track • Challenging market environment led to weaker than expected incoming orders • Further structural measures to safeguard long-term profitability • Net sales guidance for FY 2018 revised to CHF 400-440 million; EBITDA margin guidance of about 10% remains intact Meyer Burger Technology Ltd’s (SIX Swiss Exchange: MBTN) first half-year 2018 results marked the company’s successful return to profitability at the net earnings level. This achievement is mainly a result of various cost optimisation programmes and measures executed over the past eighteen months and of coherent decisions to discontinue non-profitable business units and products. Net sales amounted to CHF 232.3 million, representing an increase of 9.4% compared to the previous year period (H1 2017 CHF 212.3 million). Positive currency effects on net sales were about CHF 15.2 million or +6.5%. Adjusted for foreign currency effects and the divested DMT operations organic growth of the continuing business was +5.2%. Over the past months, the market environment for PV equipment suppliers was heavily influenced by the intensifying trade crisis between the USA and China which

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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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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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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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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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Photon Energy NV (WSE: PEN) closed the second quarter of 2018 with a record increase in Group revenues and further improved EBITDA and EBIT. In Australia, the Company’s Leeton project reached the ready-to-build stage, and Photon Energy Operations expanded its operations and maintenance services portfolio to 222 MWp worldwide. For 2018Q2 the Company’s revenues reached EUR 6.753 million (prior-year period: EUR 5.245 million (+28.8% YOY), EBITDA grew to EUR 3.386 million (+8.5% YOY), and EBIT increased to EUR 1.470 million (+20.2% YOY). In 2018H1, Photon Energy was able to achieve record revenues of EUR 10.467 million (+30.3% YOY), an EBITDA of EUR 4.411 million (+5.2% YOY), and EBIT of EUR 1.651 million (11.0% YOY). Further, a positive profit before tax of EUR 2.209 million (prior-year period: EUR 0.456 million) was achieved. "We take great pride in reporting on the good progress we made in the second quarter of 2018. It was the best quarter in Photon Energy NV’s history in terms of revenue, rounding off a solid first half of 2018," said Georg Hotar, CEO of Photon Energy NV. "Our financial performance in the second quarter of 2018 demonstrates the progress we have made in all areas of our business across geographies, which validates the soundness of our

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Kipp & Zonen, the market leader in solar radiation measurement solutions, launches a new web application to provide people in Photovoltaics (PV) with a customized recommendation on solar irradiance measurement. The Configurator enables stakeholders of PV projects to check online which and how many products they need to accurately monitor solar irradiance. As a response to the many questions Kipp & Zonen receives on the specifics and quantity of pyranometers for solar energy applications, Kipp & Zonen developed an online tool to give recommendations without the need to pick up the phone and talk to an expert. It was the most commonly asked question ‘How many pyranometers do I need’ that inspired the development of the Configurator. There is a IEC standard (IEC 61724-1-- Photovoltaic system performance) as a guideline for the required equipment for solar energy plants. However, Kipp & Zonen sees some differences in practice when it comes to the number of pyranometers and positions. Based on best practices and insights of the solar experts, the Configurator calculates the set of instruments and accessories that fits the PV project best. The calculation uses the answers to a series of questions on the phase of the PV project, the size and

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Ecoppia, the world-leader in robotic, water-free photovoltaic solar panel cleaning solutions, announced today an agreement for deploying its E4 robotic system in a 325MW site in REWA solar park in the state of Madhya Pradesh, India. The site is developed by Sprng Energy, a renewable energy platform backed by emerging markets-focused private equity Actis Capital and is expected final COD by Q1 2019. Sprng Energy had won the project at a record low-tariff of INR 2.97, which was the lowest tariff at the time of bidding. In line with its declared vision to build a best-in-class clean energy platform which delivers superior stakeholder value in a sustainable and ethical manner, Ecoppia was chosen to equip the site with its cloud based, connected and environmental friendly E4 solution. With the deployment of the Ecoppia robotic system, Sprng Energy is expected to save over 1 billion of liters of water and reduce its operating expenses drastically. Ecoppia is already operational or in the process of deployment over >1.5 GW and had already secured 3 GW of projects globally. "We are excited to collaborate with Ecoppia and integrate top technologies, which can stand the test of time and last for 25 years in harsh conditions, in our

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Saarbrücken, August 1, 2018: Greencells, one of the largest independent European solution providers for solar photovoltaic (PV) power plants, has concluded a strategic investment with OMAS, a wholly-owned subsidiary of The Zahid Group, a diversified Saudi Arabian conglomerate. As part of the investment, OMAS has acquired a 50% share in Greencells. Greencells develops, builds, operates and finances utility-scale solar projects. With a track record of more than 1.3 GW of capacity over more than 100 individual projects in 25 countries, Greencells is trusted by many key players in the solar industry. From its roots in central Europe, the company has built a substantial presence expanding into the U.S., Asia Pacific and the Middle East. This includes the supply of the mounting system and construction services for the world’s largest solar power plant, the 1.2 GW Sweihan project in Abu Dhabi, which is currently under construction. Greencells’ founders Andreas Hoffmann and Marius Kisauer have so far developed and grown the company to its current position without any third-party investment. The investment from Zahid Group substantially strengthens Greencells’ balance sheet and enables Greencells to embark on new strategic opportunities. “This transaction is an inflection point for Greencells. In Zahid Group and OMAS, we have found a

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SAN FRANCISCO – August 1, 2018 - Sharp Electronics Corporation’s Energy Systems and Services Group (Sharp ESSG) announced today that its behind-the-meter SmartStorage® energy storage solution was selected to be installed at ILM Tool’s 25,000-square-foot machine shop to help offset its growing peak demand usage. ILM Tool handles quick turnaround prototype and production run orders for sheet metal manufacturing, plastic milling and machining, as well as thermoforming for a wide range of industries.  Synergy Power, a Bay Area solar PV installer, installed the 30 kW/40 kWh SmartStorage® system and integrated it with a 113.4 kW solar PV system. “We produce a number of prototypes for a variety of clients, so energy usage is always part of our bottom line,” said ILM Tool CEO Joe Ilmberger. “We were looking for the ideal solar and storage solution to meet our energy needs, especially during peak production times. The Sharp SmartStorage® solution coupled with solar was – as we say around the shop – a perfect fit.” ‘’A solar plus SmartStorage® energy storage system is particularly well-suited for ILM Tool, which uses a lot of heavy machinery that can spike demand usage. It is also located in the Pacific Gas & Electric (PG&E) territory, a utility

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