Power & Energy Solutions

The premier renewable energy publication

 Revenue growth (+42%) driven by both energy sales and services  EBITDA growth (+43%) with positive price effect achieved for energy sales in Brazil  Net profit growth (x6.1) thanks to strong performance in the second semester  Very good visibility on 90% of the 1 GW of installed capacity targeted by end 2020 Voltalia (Euronext Paris, ISIN code: FR0011995588), an international player in renewable energies, announces today its results for the 2017 fiscal year. "As expected, the strong performance of energy sales in the second half of the year compensated for the slow first semester. Services activities also enjoyed good growth, although, at this stage, most of it was related to power plants we own. In 2017, success in the Brazilian and French auctions demonstrated our strength in our historical markets. We also broadened our horizons by winning our first contract in Africa and by successfully setting up our first solar installation for an isolated site. 2018 will be a year of consolidation of our backlog before we accelerate our capacity growth in 2019 and beyond ", comments Sébastien Clerc, Chief Executive Officer of Voltalia.

Read More

Ingeteam has reached the milestone of 50 GW in the supply of power converters for renewable energy plants. To obtain the same amount of power from coal, it would have been necessary to burn 36 million tons of coal that would have emitted 110 million tons of carbon dioxide. In terms of energy, the 50 GW figure is the equivalent to the annual consumption of 28 million households and comes from the sum of the power converters delivered to the wind, solar and energy storage sectors. In the wind power sector, Ingeteam holds the leadership position as the world's largest manufacturer of wind power converters, with a global market share of 8%. This important figure consolidates the growth in the main markets, where the company has sold more than 10 GW in only two years. In the solar sector, the company has closed 2017 with 1.44 GW of PV and battery inverters, strengthening its position as one of the leading manufacturers in Latin America and EMEA. Moreover, Ingeteam is the world leader in the provision of operation and maintenance services to energy generation plants, with a portfolio of more than 12 GW, while its automated solutions for power generation plants has grown to

Read More

• Incoming orders +23% to CHF 560.7 million • Net sales +4% to CHF 473.3 million • EBITDA reported was CHF 12.4 million; EBITDA adjusted CHF 46.5 million • Net result reported of CHF -79.3 million; Net result adjusted CHF -3.1 million • Cash flow from operating activities of CHF +12.8 million • Solid balance sheet with equity ratio of 51.7% • Outlook 2018: Targeting net sales of CHF 450 – 500 million; EBITDA margin of about 10% • Change in the Board of Directors: Eric Meurice nominated to be elected as new member of the Board, Heinz Roth and Prof Dr Konrad Wegener will not stand for re-election at AGM 2018 Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) recorded in fiscal year 2017 incoming orders of CHF 560.7 million, +23% compared to the previous year (2016: CHF 455.6 million). Order backlog amounted to CHF 343.8 million as of 31 December 2017 or +40% compared to year-end 2016. Net sales rose by 4% to CHF 473.3 million (2016: CHF 453.1 million). The income statement 2017 includes several adverse effects and one-off extraordinary expenses in a total amount of about CHF 76 million which are mainly in conjunction with the discontinuation of diamond wire production at Diamond Materials Tech

Read More

Efficiency increased by 40% Frankfurt (Oder), 21 March 2018 – The solar module manufacturer Astronergy has upgraded the first of its five production lines to enable significantly higher throughput. This will allow the company – a subsidiary of the Chint Group, a leading international manufacturer of industrial electronics – to cut the unit costs of its modules and thus to ensure it remains competitive in the German and European markets. Astronergy has been continuously investing in and optimizing its manufacturing lines since 2014, in order to ensure its production in Germany is always at the cutting edge of technology. Press pictures are available at: http://www.astronergy-solarmodule.de/en/presse-leser/astronergy-upgrades-production-line-in-germany.html The K-line – made by Astronergy Instead of 700 modules, the “K-line” can now produce 1,000 modules per day with the same high quality. And improvements to system self-diagnostics, as well as some reinforced components, have also helped to cut downtime. This means that the K-line requires less frequent maintenance. Additionally, retooling of the system was simplified to enable a quicker changeover between different types of module production. The K-line was implemented by the Astronergy engineers themselves. Andreas Lindner, Engineering Director at Astronergy, says: “The whole team is extremely proud, especially as they planned, built and started up the line themselves.

Read More

PassivSystems secures ‘Sahim’ phase 1 contract with Authority for Electricity Regulation in Oman (AER) ‘Funded ownership’ model, with significant consumer benefits for home owners, will accelerate rooftop solar deployment, targeting residential rooftops Key project goal is to deliver value for money by driving down operating costs and maximising generation Newbury, UK, 21 March 2018 – PassivSystems has secured a contract with the Authority for Electricity Regulation Oman (AER), to consult on the first phase of an ambitious plan to install solar photovoltaic (PV) systems on more than 30% of all residential rooftops in the Sultanate of Oman. “We chose PassivSystems as consultants on this project because of its extensive experience working on funded solar PV schemes,” commented Qais Saud Al Zakwani, Executive Director at the Authority. “By tapping into its experience as UK market leaders in managing residential rooftop PV, we are confident that we will achieve the cost and generation yield targets necessary to ensure that this programme is a success.” The government initiative, known as ‘Sahim’, will use a funded ownership model that offers householders access to solar PV with minimal capital outlay, giving home owners in Oman a long-term financial incentive to install solar systems on their rooftops.

Read More

New back contact module with ‘Best in Class’ efficiency (20%) London, 21 March 2018 – Sharp today launches the industry’s most efficient 48 cell PV module for the European market. The NQ-R258H is a new addition to its NQ-R product family of highly efficient back contact modules for residential and commercial use. The NQ-R258H (258W) monocrystalline photovoltaic (PV) module incorporates Sharp’s back contact technology with ‘Best in Class’ efficiency of 20%; increasing the amount of sunlight that can be used and returning maximum power output for minimum roof space. On the same surface area, the 48 cell modules can generate more power than with conventional 60 cell modules. The module has a discreet matte black finish, while reflections are minimised thanks to the electrical contact wires being on the underside of the panel. It uses anti-reflection glass to make the panels even less conspicuous. The NQ-R range (NQ-R258H and NQ-R256A) is ideal for all residential spaces, including houses with dormers, because the modules are very versatile. This is due to their compact size, light weight, easy handling and the option for short and long side clamping. This versatility opens up completely new possibilities of installation. One example of this is the HKW-Solar-Energiesysteme Solar Tower, a

Read More

The technology group Wärtsilä today announced that it has delivered the world’s largest solar hybrid power plant. Wärtsilä will provide a reliable and sustainable supply of round-the-clock energy which is essential in operating the off-grid gold mine and demonstrate the enormous potential of integrating renewables as the baseload electricity. Wärtsilä was selected by the global renewable energy independent power producer Total Eren SA and African Energy Management Platform (AEMP) to build a 15MWp solar PV plant that shall generate and deliver energy to Iamgold Essakane SA at its gold mine in north-eastern Burkina Faso. By hybridizing an existing 57 MW diesel power plant with the new solar PV plant and related hybrid plant controls, the plant’s performance has been significantly enhanced. The new solar hybrid plant configuration maximizes the utilization of renewable energy at the Essakane mine. It is estimated that this will reduce fuel consumption by some 6 million litres per year, while reducing the plant’s annual CO2 emissions by as much as 18,500 tons. This project has generated more than 200 employments during the construction phase and is expected to create 75 permanent jobs during the operation phase. “This project demonstrates the benefits of integrating renewable energy in the mining industry.

Read More

More security with less effort and lower costs Geislingen-Binsdorf, Germany – March 19, 2018 - Faults in the functioning of photovoltaic plants that are detected too late can have serious effects on their energy yields. Financial losses and thus lower profitability are often the result. In order to prevent possible malfunctions and to be able to react quickly in the event of a problem, professional PV plant monitoring is required. But how is the monitoring optimally implemented in photovoltaics? As a rule, installers offer their customers a service contract that includes the monitoring of the PV system and fault identification. If a problem arises that needs to be solved on the spot, a service call can be made promptly. The more service contracts an installer has concluded, the more time it takes to complete the service. The daily monitoring and error evaluation of PV plants in particular require a great deal of time and resources. In order to support installers, Solare Datensysteme GmbH (SDS) offers its service Solar-Log™ WEB-4U. A team of experts from SDS take over the PV monitoring for the installer. All incoming error messages are analyzed and evaluated by SDS. The installer will then be contacted and informed proactively. Using his

Read More

Munich, 19 March 2018: This year, the solar module manufacturer LG Electronics once again presented BayWa r.e. with the "LG Sales Award" for Europe. In doing so, the company honoured BayWa r.e.'s extraordinary service in the sale of solar modules. BayWa r.e. had the largest share of sales of LG solar modules in Europe last year. As an international photovoltaics wholesaler, BayWa r.e. is supported by a global sales network with branches in Europe, the USA, Southeast Asia and Australia. Frank Jessel, Head of the Photovoltaics Trade division at BayWa r.e., is delighted with the award: "The great success we have achieved with the sales of LG solar modules reflects BayWa r.e. and LG's joint claim to outstanding product quality and maximum customer focus – a claim that we can fully live up to thanks to our partnership." Michael Harre, Vice President of the EU Solar Business Group at LG Electronics Germany said, "BayWa r.e. once again proved last year that they are one of our strongest driving forces for sales in Europe." The high level of customer satisfaction at BayWa r.e. was recently confirmed by the "TOP PV Supplier" award from EuPD Research, the market and opinion research institute. Frank Jessel added,

Read More

Munich, 15 March 2018 – BayWa AG will, subject to final approval from the relevant antitrust authorities, enter the solar project business in the Netherlands through BayWa r.e.’s acquisition of a 70 per cent shareholding in a project pipeline of around 2 gigawatts (GW) of solar plants from a consortium of GroenLeven Group, the country’s leading solar project developer. Via a joint venture with BayWa r.e, the sellers will remain involved in the business, retaining 30 per cent of the pipeline. "The Netherlands is an attractive and evolving market for the development of solar installations. The country has established and workable feed-in regulations, and renewable energy generation is yet to realise its full potential," explains BayWa AG Chief Executive Officer Klaus Josef Lutz. “Because the country has so far relied mainly on natural gas, renewable energy must now be significantly expanded to achieve the necessary CO2 reductions. Tariffs have already been secured for around 800 MW of GroenLeven’s pipeline, the biggest pipeline in Europe", explains Matthias Taft, Member of the Board of Management responsible for energy. Renewable energy assets are an attractive acquisition for global investors, and BayWa r.e often continues to manage these assets technically and commercially. "In the Netherlands we will

Read More