Power & Energy Solutions

The premier renewable energy publication

The Group generated revenues of EUR 30.15 million in 2019, up 48.9% YoY, as a result of a 54.4% increase in electricity production and a sustained growth in EPC services (engineering, procurement and construction), Power Plant Operations & Maintenance services and Technology Sales The expansion of the Hungarian power plant portfolio by 20.1 MWp and the successful exit from two large-scale project development joint ventures in Australia resulted in a 218.6% YoY increase in Total Comprehensive Income to EUR 8.06 million and a consolidated equity of EUR 37.84 million The Company also secured long-term project financing for 46 projects in Hungary with a total capacity of 31.5 MWp Amsterdam – 16 April 2020 – Photon Energy N.V. (WSE: PEN, the 'Company' or 'Group') today published its Annual Report for 2019, posting record audited financial results with consolidated revenues up by 48.9% to EUR 30.15 million, total comprehensive income up by 218.6% YoY to EUR 8.06 million and record consolidated equity of EUR 37.84 million. ʺ2019 was another very dynamic year for Photon Energy across all its business lines, covering the entire life cycle of photovoltaic power plants. Building on our progress in our core growth markets Australia and Hungary in 2019,

Read More

Health emergency comes as new solar installations are driving massive growth in renewable energy generation Solar sector needs information about how solar businesses are being impacted by COVID-19 and by national and regional government responses to the pandemic The Global Solar Council is launching a survey to gather critical information from the solar industry and its stakeholders on the impacts of the crisis to solar markets Government stimulus packages need to ensure economic recovery is powered by clean and sustainable energy technologies including solar PV April 8, 2020 – The Global Solar Council is today launching an industry-wide survey to understand the impact that COVID-19 is having on companies operating in the solar energy sector. The Global Solar Council is directly engaging solar companies in collaboration with its members (regional and national solar associations covering all major developed and developing markets) to complete this survey and contribute their experience and outlook. The GSC survey seeks to discover how solar companies have been impacted by the current business conditions and gauge their short-term outlook, in terms of orders, prices and supply disruptions. “The Global Solar Council, as the voice of the world’s solar industry on the global stage, stands together with its members and all companies as we face the

Read More

("NESF" or "Company") Operating Update NextEnergy Solar Fund, the solar power renewable energy investment company, is pleased to provide the following operational update. Highlights ·     Generation (unaudited) in the financial year ended 31 March 2020 was 4.7% above budget (2019: 9.1%) ·     Financial debt* of 21% as at 31 March 2020 (2019: 27%) ·     Full-year dividend target of 6.87p reaffirmed for financial year ended 31 March 2020 (2019: 6.65p) ·     For market revenues, fixed price electricity sales contracts in place for 95% of generation for summer 2020 and 50% for winter 2020/21 ·     Energisation of subsidy-free new-build asset High Garrett (8.5MW) is expected in Q3 2020 ·     COVID-19 pandemic has not had any significant impact on the Company or its underlying portfolio * Excludes preference shares (see Balance Sheet Strength below) 2019/20 Portfolio Performance (Unaudited) During the year ended 31 March 2020, solar irradiation across the portfolio was 4.0% above budget (2019: 9.0%), generation was 4.7% above budget (2019: 9.1%) and Asset Management Alpha was 0.7% (2019: 0.1%).  Asset Management Alpha would have been 1.5% (2019: 1.1%) if distribution network outages were excluded. The UK portfolio performed above expectations with generation outperformance of 4.6% (2019: 9.4%) and an Asset Management Alpha of 0.7% (2019: -0.1%). The Italian portfolio also performed above expectations during the year with 6.4% (2019: 5.4%) extra generation

Read More

The technology group Wärtsilä will deliver engineering and equipment (EEQ) to a 23 MW power plant to the island of Bantayan, located in Cebu in the Visayas Region of the Philippines. The power plant will supply electricity to the entire island, which currently undergoes frequent blackouts because of the lack of a reliable power supply. The order with Wärtsilä was placed in February by Isla Norte Energy Corp., the company which will build and operate the new plant. Isla Norte Energy Corp. is owned by Gigawatt Power Corporation and Vivant Energy Corporation.The project is part of a 15-year power supply agreement between Vivant Energy and the Bantayan Electric Cooperative. The island, which has a population of approximately 79,000, has considerable potential for both business and tourism development and a reliable, efficient electricity supply is essential if this potential is to be realised. “The new power plant is an essential element for a secure economic future for Bantayan island. We are, at the same time, actively seeking to deliver electricity to small islands throughout the region, and a capable, reliable partner with a strong local presence, such as Wärtsilä, is needed for this,” said Emil Andre Garcia, Chief Operating Officer of Vivant

Read More

·        Photon Energy has taken a  minority equity stake in RayGen Resources. ·        The companies have also entered a strategic partnership with the objective of developing global renewable energy projects suitable for the roll-out of RayGen’s unique technology. ·        Photon Energy will act as a project develper, EPC contractor and project equity investor. ·        RayGen’s cutting-edge solution integrates its proprietary PV Ultra solar technology and a tailored electro-thermal storage cycle (Thermal Hydro), delivering high-performance low-cost energy storage.   Amsterdam – 7 April 2020 – Photon Energy N.V. (WSE: PEN, the 'Group') announced today that it has entered a strategic partnership with the Australian technology company RayGen Resources Pty Ltd. ('RayGen') in order to develop global renewable energy projects suitable for the roll-out of RayGen’s unique solar power and electricity storage technology. Photon Energy will act as a project developer and EPC contractor and – where suitable – as an equity investor in the projects, which will be supplied by RayGen. The partnership includes the development of a 100 MWp/1000 MWh solar-plus-storage project. As part of this strategic partnership, Photon Energy has also made a minority equity investment in RayGen. Photon Energy's CEO Georg Hotar said: “Our investment in RayGen is our first step into the upstream

Read More

Total capacity of more than 46 MWp Located near the Amman Airport on challenging topography BELECTRIC awarded as O&M provider Battery storage facility under construction by BELECTRIC Kolitzheim (Germany), Amman (Jordan) – BELECTRIC is delivering a utility scale PV plant on challenging terrain: the company has completed a solar plant in Jordan on a mountainous terrain with varied ground composition close to the airport of Amman. BELECTRIC, via its subsidiary BELECTRIC Gulf Ltd., has built and commissioned the South Amman Solar Power Plant with a total installed capacity of 46.33 MWp as EPC (Engineering-Procurement-Construction) provider on behalf of the Jordanian Ministry of Energy and Mineral Resources. In addition to the turnkey PV solution BELECTRIC is delivering a battery storage system with a capacity of 2.6 MWh for the South Amman solar project. The battery storage facility is expected to be commissioned this summer. BELECTRIC will also provide operation and maintenance services (O&M) to the facility. A corresponding agreement has already been signed. The long-term service contract includes remote power plant monitoring, regular inspections and on-site support in the event of a fault. “If you are able to plan, construct and commission a solar plant in such an uneven mountainous landscape with

Read More

OutBack Power’s FLEXmax charge controllers provide an easy-to-install solution for rapid shutdown PV systems with Tigo's TS4-F (Fire Safety)  Campbell, CA, April 06, 2020 – Tigo Energy, Inc., pioneer of the smart Flex MLPE & TS4 Platform, together with OutBack Power, a design leader in battery-based renewable energy systems, have announced the compatibility of their respective Fire Safety solution and FLEXmax charge controllers for rapid shutdown. The tested compatibility includes Tigo’s Fire Safety – TS4-F integrated for smart modules and TS4-A-F add-on for existing PV systems – with OutBack’s FLEXmax 100 and FLEXmax 100 AFCI using powerline communication. The products are now available for residential, commercial, and industrial PV systems from the perspective companies and shipping from many distribution partners. “The FLEXmax 100 & FLEXmax AFCI from OutBack Power are the most innovated, advanced MPPT charge controller technologies designed for fault intolerance,” says Ian McCluskey, Asst. Product Manager at OutBack Power. “Tigo’s commitment to deliver high quality and reliable products aligns with our history of providing leading MPPT charge controllers. We see this compatibility as mutually broadening our network to offer safe rapid shutdown options for our customers.” “Tigo sees demand for rapid shutdown charge controller solutions,” says Sarah Ozga, Product Manager at Tigo.

Read More

In March 2020, LONGi officially joined the Global Initiative RE100, committing to sourcing 100% of renewable electricity across its entire global operations by 2028, with an interim target of 70% by 2027.In November 2018, LONGi announced its “Solar for Solar” concept of manufacturing clean energy products using 100% clean energy. Joining the RE100 further reinforces the company’s commitment towards a negative carbon earth. LONGi's factories in Malaysia and China’s Yunnan province have made significant progress in reaching the company goal of 100% renewable electricity, twice receiving the “National Green Factory” award by China’s Ministry of Industry and Information Technology’s “Green Manufacturing List.” As a world leading solar manufacturer, LONGi has always integrated its mission of “Green Sustainability” into its global supply chains, such as product design, purchase of raw materials and manufacturing processes. In this article, we introduce LONGi’s “Green Sustainability” manufacturing concepts and practices in its global factories and supply chains. LONGi controls its energy consumption with green and advanced production equipment LONGi guides its business units and global suppliers to consider environment protection and the product life cycle (PLC) from the early stages of product and equipment design. Hence, LONGi's global factories uses high performance and cutting-edge equipment that are selected to reduce and minimize energy consumption during

Read More

The renewable energy software company, VesBox, have created an automation tool that measures the financial bankability of renewable energy solar projects globally. The VesBox Platform also identifies all possible environmental, social and ecosystem risk factors associated with your project, all in less than 10 seconds. MARCH 30, 2020, VesBOX Top London researchers have created an innovative platform known as VesBox. The VesBox Platform measures renewable energy due diligence anywhere in the world in a matter of seconds, not months. It is estimated that over 200 Million people will benefit from renewable energy by 2050. This corresponds to a positive year-on-year growth curve. Recent research has however showed otherwise, according to a report written by the International Energy Agency (IEA), the growth of renewable energy has stalled or otherwise plateaued amidst fears of moving to other markets outside North America, Europe and Australia. Risk uncertainties such offtaker credibility, grid connection, regulatory policies are all on the fore front on the minds of decision makers. The team at VesBox have found an innovative way to solving this major concern.

Read More

Neuzeug, Austria, 06.04.2020. The engineers at the Princess Elisabeth research station in Antarctica installed five power controllers from my-PV at the end of March. With the Austrian company's power managers, the research team will be able to use its surplus solar power in future to heat water, rooms and large buffer storage tanks. With the heat in the buffers, the scientists melt snow to produce drinking water. First CO2-neutral polar base The station is operated by the International Polar Foundation based in Brussels. The foundation had set itself the goal of establishing the first completely CO2-neutral polar base. "Diesel operation is not only environmentally harmful but also expensive. Because of the long transport distances, a liter of diesel can cost up to 12 euros here," says Guus Luppens, the engineer responsible for planning the system. In order for the polar base to be completely supplied with renewable energy, the off-grid system had to be oversized with nine 6 kW wind turbines and a 60 kWp photovoltaic system. This is the only way it can supply sufficient energy even with little wind and sun. Days with high yields therefore led to an energy surplus. In order to make better use of it and to

Read More