Power & Energy Solutions

The premier renewable energy publication

In recent years, more and more people have decided to take control of the energy revolution away from politicians and energy companies by installing PV systems and battery storage systems, buying electric cars or by replacing their old oil-based heating system with a modern heat pump. The road to 24 hours of sun is illuminated by the guiding light of the PV installer. “The individual steps to a personal energy revolution are often both as simple as they are economical,” explains Martin Hackl, Global Director Solar Energy, Fronius International GmbH. The journey begins with a PV system on the roof and a 30% rate of self-consumption, for example. By replacing an old oil-based heating system with a heat pump intelligently supplied with PV energy, more of the PV energy produced by the household can be used in the household. Consumers can extract even more warmth from the sun by using excess energy to heat water. This is very economical and, incidentally, can also increase the service life of the heating system significantly. “The next logical step is therefore charging an electric car using self-generated energy,” reasons Hackl. The right solutions from Fronius Fronius offers a wide range of solutions, such as intelligent inverters, energy-storage options in

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JinkoSolar Holding was the leading company in terms of global solar photovoltaic (PV) module shipments in 2018, according to GlobalData, a leading data and analytics company. JinkoSolar topped the table with 11.6 gigawatts (GW) of PV modules compared to the second ranked JA Solar’s 8.8 GW. Majority of the companies featured in the table are from Asia-Pacific (APAC). GlobalData’s latest report, ‘Solar PV Module, Update 2018’, states that due to market saturation, reduction in subsidies and a drop in module prices, the global solar PV module market is estimated to register a negative compound annual growth rate of 11.2% from $32bn in 2018 to $20bn in 2022. However, JinkoSolar managed this decline and remained committed to the initial shipment guidance by expanding and supplying in overseas markets and now stands to benefit from the Chinese recovery and improved market demand. Ankit Mathur, Practice Head of Power at GlobalData, comments: “JinkoSolar has shown a great character in holding its leading position by managing the supply at a time when Chinese government slashed the incentives. The core reason for its recovery is the diversification of business in overseas markets, rather than limiting itself to the local market.” JA Solar, which overtook Trina Solar to occupy the

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Finnish company ”Valoe” and Lithuanian solar energy solutions company “SoliTek” agreed to cooperate manufacturing Interdigitated Back Contact (”IBC”) cells in “SoliTek” Vilnius plant, Lithuania. The first production cells are estimated to be manufactured in the second half of 2019. The Lithuanian solar cell plant will be one of the few production plants in the world where IBC or similar cells can be manufactured. “Valoe” estimates that the annual capacity at the company’s new solar cell plant will be approx. 60 MW at the first stage and the capacity can be doubled to approx. 120 MW with minor investments. “Our own solar cell production and especially production of the IBC cells is an achievement that we could only dream about couple of years ago. So far, this deal is the most important step for “Valoe” to meet its strategic goals. Now, “Valoe” has a chance to get to the same technology level with LG, “Sunpower” and “Panasonic”. We trust that we are able to compete in terms of both quality and price. Our back-contact module, having a glass-glass structure and IBC cells that have longer economic lifetime, is expected to last more than 40 years.  We are now one step closer to our goal

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India, 19 February, 2019: Vikram Solar, one of India’s leading module manufacturer and solar EPC player, commissioned a 200 MW solar power project for Andhra Pradesh Power Generation Corporation (APGENCO) that will power nearly 1,50,000 homes once connected to the grid. The plant, situated in district Anatapuramu, Andhra Pradesh, is segregated into 2 blocks of 100 MW each for better management and higher efficiency. The project is spread across 1000 acres (500 acres each for 100 MW) of undulated rocky terrain, and power will be evacuated at 33 KV level in 2 pooling substations of 33/220 KV capacity, which will further evacuate power to 220/400 KV main substation. In the project, a total of 8,48,680 modules, ranging from 320 wp to 330 wp were installed. The project is expected to produce 446 MU energy annually and will reduce 210 metric tonnes of CO2 emissions in a year. Vikram Solar will also carry out Operation and Maintenance (O&M) of the plant for a period of 5 years from the date of commissioning. Mr. Kuldeep Jain, COO- EPC, Vikram Solar, shared on the occasion, “At Vikram Solar, we have always been focused towards building capacities to increase our contribution in the Indian solar revolution. We

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  Total capacity of 57 megawatts peak   Mid double-digit million euro total investment volume   Start of construction and commissioning planned for 2019   innogy benefits from BELECTRIC’s experience in constructing and operating utility-scale solar power plants Essen, 18 February 2019 innogy SE is progressing in growing its value accretive solar business. The company has taken the final investment decision (FID) for two solar farms in Canada with a total capacity of 57 megawatts peak (MWp). Both the beginning of construction and commissioning of the photovoltaic plants are planned this year. Hans Bünting, Chief Operating Officer Renewables of innogy SE, explains: “After last month’s announcement that we build our Spanish solar project Alarcos without state subsidies, we are continuing on this path with our two new Canadian projects. This underlines that solar energy is already competitive in several markets. Decreasing prices for equipment will further drive this development.” Thorsten Blanke, Head of Solar at innogy SE, adds: “Our first two projects in Canada are a perfect fit with our strategy to deliver utility-scale solar projects in promising markets, like North America, with high irradiance and a strong commitment to renewable energy. And this is only the beginning. In 2017 we joined forces with

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Annual Revenue Exceeded EUR 20 Million Photon Energy Recorded the First-Ever Net Profit In History Amsterdam – 12 February 2019 – Photon Energy N.V. (WSE: PEN, the 'Company') today announced financial results for the fourth fiscal quarter ended 31 December 2018, exceeding the EUR 20 million annual revenue mark for the first time in the Company’s history and equally reporting its first-ever net profit. In 2018 Photon Energy reached important milestones toward its growth strategy implementation. The company expanded its proprietary portfolio of PV power plants in the Hungarian market by 6.3 MWp and additional 5.5 MWp slated to get connected in 2019Q1. It also made further progress on project development activities in Australia and continued to see growth in its O&M service businesses. Outstanding electricity production by our proprietary power plant portfolio contributed strongly to our 17.4% annual revenue growth to a record EUR 20.256 million, while our EBITDA improved by 4.9% to EUR 8.239 million and our EBIT grew by 15.1% to EUR 2.637 million. The most significant improvement occurred at the bottom line with pre-tax profit jumping by 458.5% to EUR 1.934 million and our company turning a previous net loss of EUR 0.807 million into a EUR 0.603 million

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This all-time high figure almost triples the company's former best record, achieved in 2017. Ingeteam's products were supplied to more than twenty countries in all five continents. Ingeteam maintains its global leadership position in the provision of Operation & Maintenance services to energy generation plants. Ingeteam's solar business unit, dedicated to the design and manufacture of solar inverters for PV installations, closed 2018 with a total of 3,850 MW supplied throughout the world. This figure is a historic high for the company, whose former best record was 1.44 GW, achieved in 2017. In 2018, the key markets in which the company has grown its solar business are the Middle East region, Mexico, Australia, Spain, North Africa and France. However, the products sold last year, all of which were designed and manufactured at the company's facilities in northern Spain, were supplied to more than twenty countries in all five continents. José Luis González, Sales Director of the Ingeteam Solar Photovoltaic Area, emphasised that "we expect to consolidate our position in the markets in which we are most active and well-established, yet without losing sight of any new opportunities that may arise in other countries with good growth prospects." The company has an extensive product

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Germany returns to policy favoring gigawatt-scale solar parks Additional public invitation to tender seeking solar power plants with an output of four gigawatts by 2021 / Over 3 billion euros in new business expected / Intersolar Europe and the German Solar Association (BSW-Solar) host a free English-language webinar to discuss market entry in Germany Berlin, February 11, 2019 – Since calling for tenders for the construction of photovoltaic power plants with an additional output of around 4 gigawatts by 2021, Germany has been moving ever more into the spotlight of major international solar project planners. The German Solar Association (BSW-Solar) – a major contributor to the drafting of the special invitations to tender – predicts deals totaling between 3.5 and 4.5 billion euros. “The solar market in Germany has once again become attractive and will likely remain that way – for international players, too,” says Carsten Körnig, CEO of BSW-Solar. “As the country moves away from nuclear power and fossil fuels and its government makes a push for other methods of climate conservation, a stark increase in photovoltaics and storage systems has become necessary in both the short and long term. We are inviting interested companies to support BSW in advocating for permanent, attractive conditions for investing in solar technology, stationary

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London, 6 Feb. 2019 - Platina Energy Partners LLP (“Platina”) has recently sold a 30MWp portfolio consisting of four operating solar plants located in Spain (“Portfolio”) to a Spanish investment manager, Q-Energy. Platina acquired the four solar PV plants, located close to Toledo, Sevilla and Tenerife, and arranged non-recourse long-term financing of the Portfolio with UniCredit, NordLB and Santander in 2008-2009. Platina has been managing funds investing in renewable energy for the past 17 years. As a pioneer in the field, Platina has deployed €1.3bn, invested in four development platforms and operated more than 740MW of renewable assets. Julia Gubar, Investment Manager at Platina, commented: “We are pleased to have sold the 30MWp solar PV portfolio to Q-Energy as part of our divestment program. The sale comes after a successful senior debt refinancing in 2017. Operating the Portfolio for a decade gave our asset management and investment teams valuable experience in the Spanish market.” Adrien Pinsard, Partner at Platina, commented: “We remain committed to the Spanish renewable energy market and are now actively looking at the new wave of Spanish solar projects. We see a lot of growth potential in the sector in the years to come. With our new fund, we can be

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Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announced today that it will sell its photovoltaic and specialised materials (e.g. semiconductor and sapphire glass industries) wafering equipment and service business to Precision Surfacing Solutions (PSS) (formerly Lapmaster Wolters Ltd), a global supplier of equipment and services for surface enhancement technology. As part of the transaction, significant parts of Meyer Burger’s current production facilities in Thun as well as around 100 employees involved in the wafering technology portfolio in Thun and the relevant service locations worldwide will also be transferred to PSS. Completion of the contract is subject to standard closing conditions. The closing of the transaction is expected to be completed towards the end of the first quarter of 2019. The agreed purchase price is CHF 50 million in cash, which represents approximately one times net sales of the wafering equipment business. The contract also includes an earn-out component based on certain revenue levels in 2019. Both Meyer Burger and PSS view the transaction as an important strategic milestone, which will further strengthen two global technology leaders. PSS is a recognized industry leader in the development of technology to produce micron accuracy surface finishes. Under its Lapmaster, Peter Wolters, ELB, Micron,

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