Power & Energy Solutions

The premier renewable energy publication

Fire safety standards in wind industry would reduce fire events, wind farm losses and insurance premiums New report reveals 800% increase in cost of a fire event in last 10 years with losses up to $8 million Scottsdale, 28 APRIL– Leading fire suppression system manufacturer, Firetrace International, advises in a new report that the wind industry is losing money by not acting to mitigate the risk of fire events. This lack of action is increasing downtime, resulting in ever-costlier losses, and preventing insurers from accurately assessing the risk of fire, which could result in a reduction in premiums across the industry. In “Reducing Fire Risk: How to make wind farms even safer”, Firetrace explores the lack of comprehensive data related to wind farm fire events and the serious problem this poses to the industry. It also looks at the changing financial risk, with the average cost of a wind turbine fire rocketing from approximately $1 million 10 years ago to $7-8 million today. Chris Streatfeild, an independent health & safety consultant at Renewable Safety and former Director of H&S at RenewableUK, said, “When a turbine catches fire, the downtime can be significant and there are substantial direct and indirect costs associated with replacing critical

Read More

China has dominated the list of top 50 Asia-Pacific (APAC) companies in terms of the market capitalization during the first quarter (Q1) of 2021, reveals GlobalData, a leading data and analytics company. The aggregate market capitalization of the 50 APAC companies stood at US$8,608.4bn at the end of Q1 2021, up by 3.8% over the US$8,294.8bn in Q4 2020, of which 28 Chinese companies accounted for 60% of the aggregate market cap. There were 12 Chinese companies that reported decline in their market cap. The most notable were the Pinduoduo.com, Xiaomi Corp, and Foshan Haitian Flavoring Food, whose market values declined over 20% over the previous quarter. Xiaomi’s market cap declined because of sanctions by the US authorities. Stepping down of its Founder and Chairman and increased losses impacted Pinduoduo. There were three companies -- Postal Savings Bank of China (PSBC), Recruit Holdings (Recruit), and China Merchants Bank (CMB) -- whose values grew by over 15%. PSBC benefitted from the growth in proportion of high yield earning assets, optimization of its asset structure, and steady rise in the income from electronic payment business. CMB reported rise in interest-earning assets and agency service fees due to active financial markets. Recruit’s performance was driven by sustained rise

Read More

Applies to all module types as of 1 May 2021 Creglingen, 29.04.2021 – For more than 10 years now, WINAICO Deutschland GmbH, a subsidiary of the Taiwanese solar module manufacturer Win Win Precision Technology Co, Ltd, has been offering insurance cover that is highly appreciated by its customers. The insurance package optimally protects the entire photovoltaic system including electricity storage from day one against all property damage, business interruption damage and possible reduced yields. The first year of insurance is still free for customers who choose solar modules from WINAICO. The insured system size has been increased to up to 15 kW; previously this was limited to systems up to 10 kW in Europe. In addition, WINAICO customers benefit from a one-time extension option with which the all-round carefree protection can be easily extended to a total of 10 years. "We are very pleased to be able to offer our customers free insurance cover in the first year for systems up to 15 kW. This innovation applies to all WINAICO module types and will come into effect on 1 May 2021," says Marc Ortmanns, Head of European Sales & Marketing.

Read More

Fronius GEN24 Plus is among the world’s most sustainable inverters Fronius has spent one year analysing the life cycle of the GEN24 Plus inverter together with an external sustainability expert. Top marks were awarded to all phases of the product life cycle, from procurement and production through to usage and even disposal once the inverter’s useful life has come to an end. The life cycle analysis was reviewed and certified by the renowned Fraunhofer Institute, meaning that the Fronius GEN24 Plus has the first life cycle assessment in the world to be confirmed by an independent institute. The Fronius Research & Development department and sustainability analyst Harald Pilz of together for tomorrow scientifically developed and tested different scenarios1 over the course of a year. The results speak for themselves: contrary to popular opinion, the climate change payback time ranges from less than one year to 3.7 years, depending on the scenario. This is equivalent to a carbon footprint² of 117,000 kilometres driven in a car. “At Fronius, sustainability is not just a cliché, but rather deeply rooted in our conduct and thinking. We invest in years of research to ensure that our products and solutions are future-proof and sustainable,” says Martin Hackl, Global

Read More

Wind energy technology innovator SENSEWind has successfully completed a demonstration of their SENSE Up-Tower system. The Self Erecting Nacelle and Service System radically transforms how next-generation turbines are installed and serviced making wind energy projects cheaper, quicker and safer. A video of the demonstrator site tests is available on the SENSEWind website (https://sensewind.com/sense-up-tower-demonstration-success-video/). The predicted growth in demand for wind energy requires the use of super-sized wind turbines and deployment on more challenging sites. Next-generation turbines and more difficult sites make current installation methods uneconomic or impractical. By simplifying operations, the SENSE system reduces costs during development; construction; operations; and increases project revenue through higher availability throughout the life of a project. Independent analysis has shown that the SENSEWind system can cut LCOE by as much as 12%. The SENSEWind system transforms the installation of wind turbines for both onshore and offshore projects by eliminating the need for large expensive cranes and crane vessels. SENSEWind equipment is modular and only requires standard, readily available cranes and vessels. By automating the heavy lifting and positioning at height, it also improves safety, whilst reducing technical and programme risks. The system has the added benefit that during operation, it can be used in reverse to allow

Read More

System provider expands its inverter portfolio with additional technology Bad Staffelstein / Germany, 29 April 2021 – IBC SOLAR AG, a global leader in photovoltaic (PV) systems and energy storage, is adding microinverters and storage systems from Enphase Energy Inc. to its product range with immediate effect. Enphase is a global energy management technology company and one of the leading suppliers of microinverter-based solar-plus-storage systems. With this cooperation, IBC SOLAR offers its customers even more options for quick and easy solar system planning and installation. The microinverters are compatible with almost all module types and are particularly suitable for residential rooftops. With the addition of Enphase solar and storage products, the IBC SOLAR portfolio expands to include another important segment. "Microinverter systems offer numerous advantages for installers and end customers from a technological perspective," explains Britta Beier, Senior Vice President Supply Chain Management, IBC SOLAR. "With a 25-year limited warranty on its microinverters, Enphase's system stands for the highest reliability and thus meets IBC SOLAR's high quality standards. The compatibility with all our modules and mounting systems fits our system concept and the fast, uncomplicated plug-and-play installation creates advantages for our premium partners." To make the installation of the devices even more

Read More

LONGi, the world leading solar technology company, has released its 2020 annual report to shareholders worldwide, showing continued revenue growth and significant increase in global shipments. During 2020, the company continued with its customer value oriented approach, providing reliable and efficient products and services to the market. According to the annual report, LONGi achieved 2020 operating revenue of 54.583 billion yuan ($8.416 billion), a year-on-year increase of 65.92%. Net profit attributable to the parent company during the period was 8.552 billion yuan ($1.319 billion), a year-on-year increase of 61.99%, while net profit attributable to the shareholders of the listed company after deduction of non-recurring gains and losses was 8.143 billion yuan ($1.256 billion), a year-on-year increase of 59.87%. In Q1 2021, LONGi reported operating revenue of 15.854 billion yuan ($2.413 billion), up 84.36% from 8.599 billion yuan ($1.309 billion) in the same period last year. Net profit was 2.502 billion yuan ($0.381 billion), up 34.24% compared with 1.864 billion yuan ($0.284 billion) in the equivalent period in 2020. Net profit, excluding non-recurring gains and losses (referred to as non-net profit deduction) was 2.421 billion yuan ($0.368 billion), up 37.46% year on year. Globalization strategy accelerated overseas business expansion and sales performance In 2020, based on

Read More

The planned energy island in the North Sea is a monumental project that not only plays a leading role in fulfilling Denmark’s target for reducing greenhouse gas emissions by 70% by 2030, but also contributes to increasing renewable energy across Europe. Ramboll is supporting this visionary plan through detailed studies of the possible activities on the island. While one of the primary drivers for the project is the transmission of green power to the Danish and European shores, the project offers many other possibilities for innovative thinking and value creating infrastructure due to its size and magnitude. Innovative solutions will be essential to accommodate the outputs of windfarms, which could reach a combined capacity of up to 10 GW, equivalent to the power consumption of 10 million European households. Ramboll is studying the possibilities of developing large Power-to-X (PtX) facilities where power from windfarms is converted to products such as hydrogen and ammonia to be used in shipping and industry. Ramboll is also studying the feasibility of a data centre on the energy island. Given the ever-increasing demand for data, placing a data centre on the energy island could help secure a greener data driven future. Combined with abundant and low-cost

Read More

Sandvik’s first nickel-iron-chromium alloy in bar and hollow bar SANDVIKEN, April 27, 2021 – Sandvik, a developer and producer of advanced stainless steels, special alloys, titanium and other high-performance materials, has launched Sanicro® 825, Sandvik’s first-ever nickel-iron-chromium alloy in bar and hollow bar, for improved performance in corrosive, high-temperature environments. Sanicro® 825 (UNS NO8825) extends the company’s growing Sanicro® portfolio of nickel alloys and austenitic stainless steels for aggressive wet, corrosive and high-temperature, pressure, acidic and seawater conditions. A high-strength alloy with minimum 40% nickel content, Sanicro® 825 has excellent corrosion resistance to acids and alkalis, superior resistance to stress corrosion cracking (SCC) and good corrosion resistance to phosphoric, nitric, sulfuric, and organic acids, seawater, caustic chloride alkalis and ammoniac media. Stable, easy to machine and weld, the new alloy is ideal for use in a wide range of components and installations including heat exchangers, evaporators, offshore piping systems, seawater coolant, valves and flanges. It serves a multitude of industries including oil and gas, chemical, petrochemical, pulp and paper, pickling equipment, nuclear fuel processing and food processing. Available in three- to seven-meter lengths with an outside diameter (OD) ranging from 20mm-260mm, Sanicro® 825 offers a cost-effective alternative to superalloys such as Alloy 625 and Alloy

Read More

Law firm Womble Bond Dickinson (WBD) has been re-appointed to the UK legal panel for international energy services and solutions company Centrica. WBD has a longstanding relationship with Centrica. In this latest UK panel review, WBD has been appointed to advise on Commercial, Property & Litigation matters for a period of two years. The WBD team acting for Centrica is being led by energy sector partner Ian Newcombe. He commented: "We are delighted to continue our long-standing relationship with Centrica and we look forward to working with the team and other firms on the panel. This was a competitive tender process and our appointment recognises our strong credentials in the energy sector as well as our expertise advising on complex commercial, litigation and property issues." The firm has been praised for its strong focus on innovation – with WBD recognised in the Financial Times as one of Europe's most innovative law firms – as well as its diversity and inclusion initiatives. WBD has long shown its commitment to create a diverse and inclusive culture to attract and retain the very best people and is a gold status member of the Law Society Diversity & Inclusion Charter. The firm was also recognised as a 'Diversity Pioneer' in The Lawyer's Top 200 report. WBD

Read More