SAN FRANCISCO, June 29, 2017 /PRNewswire/ -- Spruce Finance Inc., a provider of consumer financing for residential energy efficiency and solar technology, today announced new leadership and an infusion of capital, as well as the appointment of two independent directors.

Steve Olszewski, who previously served as chief operating officer, has been promoted to CEO, and Adam Buckfelder, who previously served as VP of finance, has been named CFO. Olszewski and Buckfelder both held senior positions at Clean Power Finance, which merged with Kilowatt Financial to form Spruce Finance in 2015. Previously, Olszewski led the private student loan business at Discover Financial Services, where he oversaw the largest portfolio acquisition in Discover's history and managed the six-fold growth in Discover's deposits business. Prior to Discover, Olszewski led underwriting and servicing operations for GMAC's auto insurance business and held operations strategy roles at Capital One. Before his senior finance and operations roles at Clean Power Finance, Buckfelder was an investment banker at Barclays Capital, where he focused on the power and utilities sector.

"Spruce Finance's commitment to providing homeowners with multiple ways to finance residential energy efficiency improvements and solar systems helps people reduce their utility bills and improve their homes and communities," said Olszewski. "I'm honored and excited to lead Spruce Finance into its next chapter, with a renewed focus on simplifying the sales experience for our channel partners and helping them sustainably grow their businesses."

The company also named two independent directors, Christian Fong and Howard Norowitz. Fong is an experienced executive and consultant to real asset and energy companies. He serves on the Board of Directors of TerraForm Power and was a founder of Renewable Energy Trust Capital, Inc. Norowitz is a founder and former partner at Stone Lion Capital Partners. He has a long track record of successfully investing in and managing highly levered and operational turnaround situations at Stone Lion, Bear Stearns, and GE Capital.

"Steve and Adam have demonstrated they have the right combination of industry experience and vision to lead Spruce Finance into the next phase, as well as the support of our sales channels and capital markets partners," said Fong. "We're excited to welcome them to their new roles as CEO and CFO," added Norowitz. "With today's announcements and Steve and Adam at the helm, Spruce Finance is positioned to build on the significant strides made thus far in 2017. We look forward to the company's continued expansion."

The company also announced $25 million in strategic funding from HPS Investment Partners, LLC (formerly Highbridge Principal Strategies, LLC), a leading global investment firm with over $40 billion of assets under management. "We are thrilled to announce this strategic partnership," said Olszewski. "It is indicative of HPS's confidence in Spruce Finance and in our mission to make energy efficiency financing and residential solar systems widely available to U.S. homeowners."

Spruce recently announced that it has completed its second major sale of loan assets, a whole loan sale of US$250 million of its efficiency and solar loan portfolio to a North American bank with an expertise in consumer loan assets.

About Spruce FinanceTM
Spruce Finance provides homeowners with multiple ways to finance residential energy efficiency improvements and solar systems. This helps people reduce their utility bills and improve their homes and communities. We make our finance products available on a single software platform and sell them through a national network of verified channel partners. Our platform simplifies the sales experience for our channel partners and helps them sustainably grow their businesses. A private company headquartered in San Francisco, we operate in all 50 states and Washington, DC. We have raised more than $2B in project finance and currently serve nearly 70,000 homeowners. To learn more about the company, visit

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BEDFORD, Mass. & TOKYO--(BUSINESS WIRE)--Silicon wafer manufacturer 1366 Technologies today announced that Japan’s IHI Corporation, through its wholly-owned subsidiary IHI Plant Construction Co., Ltd (IPC), has completed the grid connection and begun commercial operation of a 500 kW solar installation featuring 1366’s high performance wafers. During its lifespan, the array is expected to displace approximately 9,500 metric tons of CO2 from entering the atmosphere. 1366 and IHI celebrated the completion of the system this week at a ceremony in Tokyo.

“This commercial installation delivers all of the expected benefits specific to solar power and then some, the energy payback of an installation featuring Direct Wafer products is accelerated to less than a year due to the fact that our technology uses just one-third the energy,” said Frank van Mierlo, CEO, 1366 Technologies. “IHI has a long history of identifying and adopting groundbreaking technologies, we’re proud the Direct Wafer process is part of that story.”

The array, located in the Japanese prefecture Hyōgo and consisting of IEC-certified modules fabricated by a Tier 1 manufacturer in China, includes more than 120,000 wafers made with 1366’s revolutionary Direct Wafer® process. All the wafers were produced at 1366’s demonstration facility, using the Company’s production-ready Direct Wafer furnaces.

This installation builds on the success at test sites in the United States, Germany and Japan and demonstrates the Company’s ability to run the Direct Wafer process at scale. It also underscores the broad appeal of the technology downstream where customers want advanced, high-quality systems with lower carbon footprints.

“It has been our goal to expand our portfolio of renewable energy systems with innovative technologies that dramatically reduce cost and deliver superior performance of photovoltaic systems. This installation achieves that goal,” said Mr. Otani, IHI Corporation.

1366 Technologies’ Direct Wafer® Technology
1366 Technologies’ Direct Wafer® process forms multicrystalline wafers directly from molten silicon instead of today’s multi-step, energy- and capital-intensive process. The result is a uniformly better wafer, created at one-half the cost. The technology also has the enormous benefit of being a “drop-in” replacement for the majority of the photovoltaics market, making it seamless for cell and panel manufacturers to readily adopt the technology without adding a single new piece of equipment.

1366 Technologies aims to deliver solar at a cost cheaper than coal. The company combines breakthrough technology innovations with lean manufacturing processes to make a new class of silicon wafers, the building blocks of solar cells, at a fraction of today’s cost. Developed by a veteran team of scientists, engineers and entrepreneurs, the company’s novel approach breaks the historic efficiency and cost tradeoffs of photovoltaics. 1366 Technologies is headquartered in Bedford, MA. For more information, please visit

Read more: 1366 Technologies and IHI Corporation Mark...

LOS GATOS, Calif.--(BUSINESS WIRE)--Tigo®, pioneer of the smart modular Flex MLPE platform, today announced its portfolio of international inverter partnerships has grown to more than 35 inverter-types that are now Rapid Shutdown certified by Underwriters Laboratories (UL).

SMA was first to adopt Tigo's portfolio of Rapid Shutdown certified offerings. Additional commercial and residential inverter suppliers that also received the UL certification include ABB, Fronius, Ginlong Solis, Kaco, Sungrow, Yaskawa – Solectria Solar, and more. Inverters ranging from 3kW to 30kW are certified with Tigo's TS4 optimizers with UHD-Core technology and are shipping now. This brings the largest Rapid Shutdown solution offering with the widest adoption to market - providing Installers, EPC, and Owners the most cost-effective response to the NEC 2014 & 2017 code requirements.

"Customers looking for cost-effective compliance to strict safety regulations have a solution available. With Tigo’s UL Certification, our partners are exceeding these standards,” said Zvi Alon, CEO of Tigo. “We are excited to add more brands to the most diverse portfolio of approved partners in the industry.”

According to UL's Rapid Shutdown Systems requirements for Distributed Generation Power System Equipment, the rapid shutdown protection is intended to reduce potential hazards and limit exposure to energized PV wiring and equipment to allow emergency first-responders to perform work outside the energized area of the PV array. Also, these high reliability PV rapid shutdown systems have a higher system fault tolerance and reliability to perform their intended function under foreseeable single-point component and system failures. Only systems found to comply with these additional functional safety requirements are marked "High Reliability PV Rapid Shutdown System."

Tigo is shipping its UL Certified UHD-Core offering worldwide as a module integrated, retrofit, with optimization, or standalone solution. For price and delivery call +1.408.402.0802 ext. 1, email This email address is being protected from spambots. You need JavaScript enabled to view it., or visit

About Tigo

Tigo is a Silicon Valley company founded in 2007 by a team of experienced technologists. Combining a unique systems-level approach with expertise in semi-conductors, power electronics, and solar energy, the Tigo team developed the first-generation Smart Module Optimizer technology for the solar industry. Tigo's vision is to leverage integrated and retrofitted Flex MLPE and communications technology to drive the cost of solar electricity down. By partnering with tier 1 module and inverter manufacturers in the industry, Tigo is able to focus on its key innovation with the smartest TS4 modular platform and leverage the broader ecosystem. Tigo has operations in the USA, across Europe, Latin America, Japan, China, Australia and the Middle East. Visit

Read more: More Than 35 Inverters From Multiple Suppliers...

GUELPH, Ontario, June 28, 2017 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that it held its 2017 Annual Meeting of Shareholders on June 28, 2017. Each of the proposals submitted for shareholder approval was approved. Specifically, the shareholders approved: 

  1. The election of Mr. Shawn (Xiaohua) Qu as a director of the Company;
  2. The election of Mr. Robert McDermott as a director of the Company;
  3. The election of Mr. Lars-Eric Johansson as a director of the Company;
  4. The election of Mr. Harry E. Ruda as a director of the Company;
  5. The election of Mr. Andrew (Luen Cheung) Wong as a director of the Company; and
  6. The appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the auditors of the Company.

About Canadian Solar Inc.

Founded in 2001 in Canada, Canadian Solar is one of the world's largest and foremost solar power companies. As a leading manufacturer of solar photovoltaic modules and a provider of solar energy solutions, Canadian Solar has a geographically diversified pipeline of utility-scale power projects in various stages of development. In the past 16 years, Canadian Solar has successfully delivered over 21 GW of premium quality modules to over 100 countries around the world. Furthermore, Canadian Solar is one of the most bankable companies in the solar industry, having been publically listed on NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit

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SOURCE Canadian Solar Inc.

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WUXI, Chine, le 29 juin 2017 /PRNewswire/ -- Jolywood (Taizhou) Solar Technology Co. Ltd (Jolywood), chef de file en matière de recherche et développement, de production et de marketing de produits solaires bifaces de type N s'est associé à TUV NORD et au National Center of Supervision and Inspection on Solar Photovoltaic Product Quality (CPVT - Centre national de supervision et d'inspection de la qualité des produits photovoltaïques solaires), afin de créer une norme de test préliminaire pour les produits solaires bifaces.

Les cellules solaires bifaces de type N n'entraînent pas de LID et sont dotées d'une forte réponse aux faibles éclairements lumineux, d'un coefficient de température et d'une dégradation plus bas, etc. Avec leurs caractéristiques naturelles et la production supplémentaire d'énergie provenant de la face arrière, les produits bifaces de type N de Jolywood sont globalement plus efficaces que les modules monofaces P-perc. Mais il n'y avait pas, auparavant, de norme de test uniforme de ces produits.

Le test est problématique et doit être abordé de manière urgente, ne serait-ce qu'en raison des différences significatives qui existent entre les acheteurs et les vendeurs lors de la détermination du calibrage de la puissance, ce qui limite sérieusement la commercialisation du produit, mais aussi parce que la valeur nominale finale de la puissance du module biface affectera directement la conception du système de la station électrique terminale.

Jolywood, TUV NORD et le CPVT organisent le « Séminaire sur les méthodes de test des modules solaires bifaces » à Wuxi, en Chine pour s'attaquer au problème. Fondée sur des tests à l'extérieur à long terme, une validation de la recherche en laboratoire et le recueil de données, la méthode de test I-V a été confirmée de manière préliminaire après des discussions sur les modules solaires bifaces, et notamment sur les conditions de test, les méthodes et processus de test, les exigences nominales relatives aux plaques signalétiques des modules, les rapports de test et d'autres éléments pertinents. Dans le même temps, les valeurs correspondantes recommandées de la norme ont été proposées en accord avec plusieurs sites d'installation.

Liu Yong, le PDG de Jolywood Solar Technology, a déclaré : « C'est un pas en avant significatif pour Jolywood. Nous pensons que cela conduira à la réussite commerciale. Jolywood s'engage à promouvoir davantage la réduction des coûts dans la technologie révolutionnaire et son application à grande échelle, afin d'imprimer un nouvel élan dans l'industrie. »

À propos de Jolywood (TaiZhou) Solar Technology Co. Ltd.

Jolywood (Taizhou) Solar Technology Co Ltd se consacre au développement et à la fabrication à grande échelle de cellules solaires bifaces monocristallines de type N. Elle a construit la ligne de production des plus grandes cellules solaires bifaces monocristallines de type N de 2,1 GW au monde, ainsi qu'un centre de recherche et développement sur les cellules solaires de 5600 mètres carrés. Sa société mère Jolywood (Suzhou) Sunwatt Co ltd (SZ300393), fondée en 2008, a réussi son entrée sur le marché des entreprises en croissance en 2014 en tant que plus important fabricant professionnel au monde de panneaux arrière photovoltaïques. 

À propos de TUV NORD 

TUV NORD Group est un important fournisseur mondial de technologies pour l'évaluation de la sécurité, des performances et de la qualité des produits photovoltaïques dans 16 pays en Asie, Europe, Afrique, Océanie, Amérique du Nord et Amérique du Sud.

À propos de CPVT

CPVT est la première institution d'inspection des produits photovoltaïques statutaires de niveau national de Chine approuvée par l'AQSIQ. Le laboratoire du centre a été reconnu par le CB laboratory de l'IEC Conformity Assessment for Electrotechnical Equipment and Components et le laboratoire national CNAS. 

SOURCE Jolywood (TaiZhou) Solar Technology Co. Ltd.

02:00 ET

Preview: Jolywood, TUV NORD и CPVT представлили стандарт тестирования двусторонних солнечных элементов

Read more: Jolywood lance la norme de test de la cellule...

Solar Ware Samurai™ 3200 kW Central Inverter
Solar Ware Samurai™ 3200 kW Central Inverter

ROANOKE, Va., June 28, 2017 /PRNewswire/ -- TMEIC Corporation in Roanoke, Va. introduces the next generation of SOLAR WARE SAMURAI Inverters, approved for outdoor installation.  The new inverter is the latest addition to TMEIC's portfolio of PV utility-scale solar inverters for industrial markets, offering 3.2MW at 1500V. 

Built on decades of engineering experience with power electronics, SOLAR WARE SAMURAI inverters offer the industry's most advanced grid management in an efficient, compact footprint.  The new inverters will be available in mid-2017.

Unique features include:

  • Proprietary 3 Level Inverter Topology
  • Maximized and optimized efficiency
  • Wide MPPT range (875Vdc - 1300Vdc) allowing for best-in-class DC/AC Ratios
  • Flexible DC-input configuration to meet complex array configuration
  • Designed for extreme environments, including desert heat and salt prevention
  • Designed to meet utility scale grid interconnection requirements

"The SOLAR WARE SAMURAI  3.2MW model advances the revolutionary design of the SOLAR WARE series, providing greater power and efficiency to the solar industry," Donn Samsa, TMEIC Renewable Energy General Manager said. "This next generation inverter is the result of decades of research and development to create the most advanced inverters in the industry."

For more information on SOLAR WARE products, contact Donn Samsa (This email address is being protected from spambots. You need JavaScript enabled to view it.) or visit

* "SOLAR WARE SAMURAI" and "SOLAR WARE" are trademarks of Toshiba Mitsubishi-Electric Industrial Systems Corporation in the United States.

About Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC)
Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) was formed in 2003 following the merger of the industrial systems departments of Toshiba Corporation and Mitsubishi Electric Corporation. TMEIC manufactures and sells variable frequency drives, motors, photovoltaic inverters and advanced automation systems for a range of industrial applications.  We drive industry.

The North American operation –
TMEIC Corporation, headquartered in Roanoke, VA, designs, develops and engineers advanced automation, large AC and DC motors, photovoltaic inverters and variable frequency drive systems. TMEIC Corporation specializes in the Renewable Energy, Metals, Material Handling, Oil & Gas, Mining, Testing and other industrial markets worldwide.  We drive industry.

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SAN ANTONIO, June 27, 2017 /PRNewswire/ -- CPS Energy was named the Public Power Utility of the Year award by the Smart Electric Power Alliance (SEPA) for the utility's forward thinking in new generation sources and using technology on the grid to facilitate access to distributed energy resources.

CPS Energy is an industry leader for its diversification of its energy portfolio while embracing renewable energy and new technologies to meet its energy demands. The utility is installing battery storage and distributed generation such as solar panels to both improve reliability and reduce the demand for electricity.

"This is about us putting into practice our thought leadership around meeting customer expectations. Many of our customers want reliable, clean electricity – preferably with little or no emissions," said President & CEO Paula Gold-Williams. "Where some other utilities talk about how it could be done, we ask ourselves how it can be done today."

Gold-Williams said the utility already has 76 megawatts of installed rooftop solar in addition to nearly 450 megawatts of solar farm generation and is looking for ways to install even more in the future. Leveraging technologies such as the smart meters the utility has installed on its system, Gold-Williams said the utility has already achieved state leadership in this area. Beyond our state borders, the SEPA award recognizes that leadership.

"It's always great to be recognized for your efforts, but it's truly motivating to be recognized as a national leader like we are with the SEPA award," Gold-Williams said.

The award will be given July 26 in Washington, DC as part of SEPA's Grid Evolution Summit: A National Town Meeting.

CPS Energy is celebrating its 75th year of City of San Antonio ownership. Established in 1860, we are the nation's largest municipally owned natural gas and electric company, providing safe and affordable service to 804,000 electric and 343,000 natural gas customers in Greater San Antonio. With our AA+ credit rating, one of the best in the industry, we offer best in class reliability and some of the lowest rates among the top 10 largest U.S. cities. We recognize our role as a community partner and are continuously focused on job creation, economic development and educational investment. Powered by our people, our investment in the community is demonstrated through our employees' generosity in giving $1.1 million to United Way. We are also committed to investing in clean energy. CPS Energy is among the top public power wind energy buyers in the nation and number one in Texas for solar generation. For more information, visit

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WUXI, China, 29. Juni 2017 /PRNewswire/ -- Jolywood (Taizhou) Solar Technology Co. Ltd (Jolywood), ein führender Anbieter im Bereich Forschung, Entwicklung, Produktion und Vermarktung von doppelseitigen N-Typ-Solarmodulen, hat sich mit der TÜV NORD und dem National Center of Supervision and Inspection on Solar Photovoltaic Product Quality (CPVT) zusammengeschlossen, um einen ersten Teststandard für doppelseitige N-Typ-Solarmodule zu entwickeln.

Die doppelseitigen N-Typ-Solarmodule haben u. a. keine LID, eine hohe Effizienz bei schwacher Sonneneinstrahlung, einen niedrigen Temperaturkoeffizienten und eine geringere Degradierung. Mit diesen natürlichen Eigenschaften und der zusätzlichen Stromgewinnung von der schwachen Seite sind die doppelseitigen N-Typ-Produkte von Jolywood insgesamt effizienter als die einseitigen P-Perc-Module. Bislang gab es jedoch keinen einheitlichen Teststandard für diese Produkte.

Tests sind problematisch und müssen dringend gefunden werden, nicht nur weil es entscheidende Unterschiede zwischen den Käufern und Verkäufern bei der Bestimmung der Energiekalibrierung gibt, die große Hürden für die Kommerzialisierung des Produkts darstellen, sondern auch weil sich der ultimative nominale Wert der doppelseitigen Modulenergie direkt auf das Systemdesign des Solarkraftwerks auswirkt.

Um das Problem zu lösen, hielten Jolywood, TÜV NORD und die CPVT das „Seminar on Test Methods of Bifacial Solar Cell Modules" in der chinesischen Stadt Wuxi ab. Nach langen Feldtests, der Validierung von Laborergebnissen und der Datenerfassung wurde die I-V-Testmethode nach Diskussionen zu doppelseitigen Solarzellenmodulen vorerst bestätigt. Die Diskussionen drehten sich u. a. um Testbedingungen, Testmethoden und Prozesse, nominale Anforderungen für Modul-Typschilder, Testberichte und andere relevante Elemente. Zugleich wurden die entsprechenden Empfehlungswerte des Standards in Übereinstimmung mit den einzelnen Installationsorten vorgeschlagen.

Liu Yong, CEO von Jolywood Solar Technology, meinte: „Für Jolywood ist dies ist ein entscheidender Schritt nach vorn. Wir gehen davon aus, dass er ein wirtschaftlicher Erfolg wird. Jolywood setzt sich dafür ein, weitere Kostensenkungen in der Durchbruchstechnik und der großformatigen Anwendung zu fördern, um der Branche einen neuen Schub zu verleihen."

Über Jolywood (TaiZhou) Solar Technology Co. Ltd.

Jolywood (Taizhou) Solar Technology Co Ltd entwickelt und produziert doppelseitige monokristalline N-Typ-Solarzellen im großen Stil. Das Unternehmen hat die Produktionslinie der weltweit größten 2,1 GW doppelseitigen monokristallinen N-Typ-Solarzellen und ein 5 600 Quadratmeter großes Forschungs- und Entwicklungszentrum für Solarzellen aufgebaut. Das Mutterunternehmen Jolywood (Suzhou) Sunwatt Co Ltd (SZ300393), 2008 gegründet, erschien 2014 auf dem Wachstumsmarkt der Unternehmen als weltweit größter Fachhersteller von Photovoltaik-Rückpanelen.


Die TÜV NORD ist ein weltweit führender Technikanbieter für die Bewertung der Sicherheit, Leistung und Qualität von Photovoltaikprodukten in 16 Ländern in Asien, Europa, Afrika, Ozeanien, Nordamerika und Südamerika.


Die CPVT ist die erste nationale, gesetzliche Prüfstelle für Photovoltaikprodukte in China, die von der AQSIQ zertifiziert wurde. Das Center-Labor wurde vom CB-Labor der IEC Conformity Assessment for Electrotechnical Equipment and Components sowie dem nationalen Labor CNAS anerkannt.

SOURCE Jolywood (TaiZhou) Solar Technology Co. Ltd.

06:19 ET

Preview: Jolywood lance la norme de test de la cellule solaire biface conjointement à TUV NORD et CPVT

Read more: Jolywood lanciert Teststandard von...

WUXI, China, June 28, 2017 /PRNewswire/ -- Jolywood (Taizhou) Solar Technology Co. Ltd (Jolywood), a leader in the research and development, production, and marketing of N-type Bifacial Solar Products has linked up with TUV NORD and the National Center of Supervision and Inspection on Solar Photovoltaic Product Quality (CPVT) to establish a preliminary testing standard for bifacial solar products.

The N-type bifacial solar cells feature on no LID, strong weak illumination response, lower temperature coefficient and degradation etc. With these natural features and the additional power generation from the rare side, Jolywood N-type Bifacial products are more efficient overall than P-perc facial modules. But there has previously been no uniform testing standard for these products.

Testing is problematic and urgently needs to be addressed, not least because there are significant differences between buyers and sellers in determining power calibration, which seriously restricts the commercialization of the product, but also because the ultimate nominal value of the bifacial module power will directly affect the system design of the terminal power station.

Jolywood, TUV NORD and the CPVT held the "Seminar on Test Methods of Bifacial Solar Cell Modules" in Wuxi, China to tackle the problem. Based on long-term outdoor testing, laboratory research validation and collection of data, the I-V test method was preliminarily confirmed after discussions on bifacial solar cell modules, including test conditions, test methods and processes, nominal requirements for module nameplates, test reports and other relevant elements. At the same time, the corresponding recommended values of the standard have also been proposed in accordance with different installation sites.

Liu Yong, CEO of Jolywood Solar Technology said: "This a significant step forward for Jolywood. We expect it to bring commercial success. Jolywood is committed to promoting further cost-cutting in the breakthrough technology and its large-scale application in order to inject new momentum into the industry "

About Jolywood (TaiZhou) Solar Technology Co. Ltd.

Jolywood (Taizhou) Solar Technology Co Ltd is dedicated to the development and large-scale manufacturing of N-type monocrystalline bifacial solar cells. It has built up the production line for the world's largest 2.1GW N-type monocrystalline bifacial solar cells and a 5,600 square meter solar cell research and development center. Its parent company Jolywood (Suzhou) Sunwatt Co ltd (SZ300393), founded in 2008, succeeded in a listing on the growth enterprise market in 2014 as the world's largest professional manufacturer of photovoltaic back panels. 


TUV NORD Group is a leading global technology provider for evaluating safety, performance and quality of photovoltaic products in 16 countries in Asia, Europe, Africa, Oceania, North America and South America.

About CPVT

CPVT is China's first national-level statutory photovoltaic product inspection institution approved by AQSOQ. The Center laboratory has been recognized by the CB laboratory of the IEC Conformity Assessment for Electrotechnical Equipment and Components and the national laboratory CNAS. 

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SOURCE Jolywood (TaiZhou) Solar Technology Co. Ltd.

Read more: Jolywood Launches the Testing Standard of...

SAN FRANCISCO, June 27, 2017 /PRNewswire/ -- If you want the fewest parts possible, the FastRack510 (FR510) by Sollega might be the answer. It is a universal one-piece ballasted mounting system compatible with all framed modules. As with all Sollega mounting systems, the FR510 is lightweight and stackable, ships efficiently and is quick and easy to stage and install. FR510s are injection molded in California from Ultramid – an advanced glass reinforced nylon developed in partnership with BASF, the world leader in polymers. Ultramid is engineered to withstand extreme weather conditions and has a 25-year warranty. Sollega offers full engineering support services with every project, including layouts, ballast and optional anchor plans.

How does it save time and cost?
The FR510 arrives on site ready to install with no assembly required (500 kW fits in a 40-ft shipping container). All module attachments are top-down and require one size tool. Built-in reference tabs ease the alignment process. Sollega also says its system's ability to attach rail internally provides for increased load sharing, and for hybrid systems, flexibility in mechanical anchor installation.

Read more: The Simple Solar Racking Solution

TOKYO--(BUSINESS WIRE)--GE Energy Financial Services (“GE EFS”), the energy investing unit of General Electric (NYSE:GE), has raised the largest* solar energy fund in Japan to invest in Japanese solar power projects. Development Bank of Japan Inc. (“DBJ”), which used its renewable energy investing experience to help GE EFS structure the fund, has committed as the anchor investor for one third of the interests.

The fund invests in operating projects in Japan, such as the 32-megawatt Kumenan solar plant that began operations in 2016, and in which GE EFS previously held a majority stake. With Japan progressing towards its goal to generate up to 24 percent of its power from renewable sources by 2030, more domestic investors are seeking opportunities in the country’s renewable energy market.

With additional backing by a group of Japanese institutional investors, the fund launched successfully with funding of JPY 46.3 billion. In the third quarter of this year, GE EFS will look to raise additional commitments to bring the fund to JPY 75 billion. Overall, the fund has the potential to increase to JPY 90 billion, expanding opportunities to invest in attractive, operating infrastructure assets.

“We are pleased to partner with DBJ and other leading Japanese institutional investors to create this new vehicle in Japan,” said David Nason, President & CEO, GE EFS. “This renewable energy infrastructure investing platform marries the energy investing and market expertise of GE EFS with strong local partners. It provides an important new source of capital to meet the energy needs of Japan with clean, renewable solar power.”

GE EFS has been investing debt and equity into the global power industry for over 35 years. The company continues to make strategic investments that generate strong risk adjusted returns, address global infrastructure challenges and strategically align to GE’s customers. GE EFS will hold both General Partner interests, managed through a Japanese entity, GE EFS Energy Japan GK, and Limited Partner interests in the fund. GE solar inverter technology is widely used in the projects targeted to be put in the fund.

DBJ will hold Limited Partner interests in the fund. DBJ has long been involved in the renewable energy sector and has recently been active in supporting the expansion of renewable energy by extending risk capital to numerous wind power, mega-solar, biomass and other projects inside and outside Japan. DBJ is poised to meet the growing financial needs of the renewable energy sector and provide institutional investors with long-term investment opportunities.

Note to Editors:

* Based on GE EFS and DBJ’s research

* This press release has been prepared for the purpose of announcing to the public certain activities of GE EFS and DBJ and not for the purpose of soliciting any investment. This press release does not constitute any offer or solicitation to purchase or subscribe any security, including but not limited to the partnership interests in the Fund, in any jurisdiction.

About DBJ

DBJ is a 100% Japanese government-owned financial institution headquartered in Tokyo, Japan. Since the establishment of its predecessor, Japan Development Bank in 1951, throughout its history, the bank has been devoted to regional development, environmental conservation, basic social infrastructure, and the creation of technology and industry. With the customer-oriented innovative solutions drawn from its unique integrated business model of investment and loans, DBJ aims to promote joint risk capital-financing with business players, financial institutions and investors for the creation and promotion of the growth capital market.

About GE Energy Financial Services

A strategic GE Capital business, GE Energy Financial Services is a global energy investor that provides financial solutions that help meet the world’s energy needs. Drawing on its technical know-how, financial strength and strong risk management, GE Energy Financial Services invests in long-lived and capital intensive projects and companies. The firm has 35+ years of experience managing energy assets through multiple economic cycles, and a global portfolio that spans conventional and renewable power, and oil and gas infrastructure projects. More information:; Twitter @GEEnergyFinServ.

About GE

GE (NYSE:GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry.

Read more: GE Energy Financial Services Raises Largest*...

LONG AN, China, June 28, 2017 /PRNewswire/ -- On June 22, 2017, BCG Băng Dương (HSX: BCG) and Hanwha signed a joint investment agreement on the implementation of solar power projects. The signing ceremony was joined by the leaders of the province, departments and representatives of the two parties.

Accordingly, BCG Bang Duong co-operated with Hanwha in developing solar projects in Long An. Specifically, BCG arranges capital sources, carry out procedures of project establishment permit, study and implement the project, negotiate and sign EVN power purchase contract; Hanwha will participate in the same investment project as providing technology equipment, engineering, installation, and arranging international financing projects.

BCG Bang Duong Joint Operation Signing Investment Cooperation Agreement With Hanwha Group (Korea) In Long An
BCG Bang Duong Joint Operation Signing Investment Cooperation Agreement With Hanwha Group (Korea) In Long An

The solar power plant project in Thanh Hoa district, Long An with the investment of nearly 100 million USD, 100MW capacity, is built on an area of 125 hectares. The plant is scheduled to be built in Q1 / 2018 and will generate electricity in 2019.

As a tropical country, Vietnam, with the advantage of being one of the most sun radiator distributed countries, has enormous potential for solar energy, especially electricity. Potential residential and commercial solar energy is estimated to be at least 2-5 GW over the next decade. The capacity of ground solar systems mounted of about 22GW in the South of Vietnam. Accessing this new source of energy not only contributes to the energy supply of the society, but also helps to save energy and reduce environmental pollution.

Nguyen Ho Nam, Chairman of BCG Board of Directors, Representative of BCG joint operation, said: "To assess the importance, advantages and benefits of renewable energy sources in response to the increasing demand for electricity, BCG has chosen to promote investment in renewable energy projects for the long-term development strategy of the company. We believe with the experience and technology in the field of renewable energy of Hanwha Group, the factory in Thanh Hoa, Long An, when put into operation, will contribute to increase the power supply for Vietnam, mitigate climate change, environmental protection and sustainable socio-economic development."

Information about the BCC Bang Duong Joint Operation
Bamboo Capital Joint Stock Company (BCG) is a multi-disciplinary investment company operating in such areas as Agricultural Trade, Infrastructure Development and Renewable Energy Development. BCG is a listed company on the Ho Chi Minh City Stock Exchange (HSX), with a chartered capital of VND1080 billion.

BCG information is available at

Bang Duong Investment - Construction - Trading Company (Bang Duong) works in the field of construction and is one of the contractors of infrastructure projects in Vietnam. Bang Duong is undertaking a series of major infrastructure projects in the south. The key projects in Long An of Bang Duong such as Ben Luc Road (National Highway 1) - Tan Tap (from Nguyen Trung Truc to Provincial Road826) "; Road connecting Provincial Road 830 to Highway N2 "; Tan Tap - Long Hau road from Hamlet 3, Long Hau to Rach Dua river.

BCG Bang Duong Joint Operation is cooperating with potential partners such as: Infrastructure Development - Real Estate and Renewable Energy. The 830 & 824 road extension project of the BCG Bang Duong Joint Operation has been officially started in November 2016 and is expected to be completed in the first quarter of 2018.

Information about Hanwha Group (Korea)
Founded in 1952, Hanwha is the 8th largest Korean corporation with total assets of $117 billion and is the 277th largest economic group in the world. Hanwha currently has a diversified business portfolio with major segments: aerospace and mechatronics; recycled energy; construct; finance; Travel and entertainment; Chemicals and materials.

Hanwha has a global network of 58 subsidiaries in Korea and more than 170 companies in countries such as Canada, USA, China, UK, other European countries and Japan. Hanwha is currently the second largest non-bank financial institution in Korea.

For more information, please visit:

For more information, please contact us
Ms. Dinh Doan Sao Kim - Head of Bamboo Capital Media
Mobile: 0903 657 103, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
+84 90 365 7103

To view the original version on PR Newswire, visit:


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OCEANSIDE, Calif.--(BUSINESS WIRE)--Pacific Marine Credit Union (PMCU) has completed a 422-kw carport solar system at their Oceanside Headquarters.

The system was designed and built by REC Solar, a leading provider of commercial, public sector and utility-scale solar solutions. It consists of 1,224 individual panels that generate 743,000 kilowatt hours of electricity annually. The energy generated from the solar array is estimated to save PMCU $125,000 a year while producing about 85% of the power needed at the facility.

As part of the system, there are two solar powered car charging stations with the ability to charge up to four electric vehicles simultaneously.

“We are excited about this project,” said Bill Birnie, President/CEO at Pacific Marine Credit Union. “Solar helps us lower our operating costs, reduces our impact on the environment and brings benefits like shade and electric vehicle charging to our members and staff.”

“Solar carports are a creative way to leverage existing space,” said Alan Russo, senior vice president of Sales and Marketing at REC Solar. “Pacific Marine Credit Union is generating real value with this investment and we are proud to support their business.”

About Pacific Marine Credit Union

Since 1952, Pacific Marine Credit Union (PMCU) has been making a difference: helping people with their financial needs and giving back to the local communities. PMCU is owned and governed by its members, operating not-for-profit, but for service. This allows the revenue generated by its services to be given back in the form of lower interest rates on loans, reduced fees, attractive earnings on savings and investments, and around-the-clock access to the latest electronic services.

PMCU is open to everyone who lives or works in San Diego, Riverside, and San Bernardino Counties. Pacific Marine Credit Union is federally insured by the National Credit Union Administration and is an Equal Housing Lender.

About REC Solar

REC Solar is a nationwide leader providing complete commercial, public sector and utility-scale solar solutions. Incorporating experience from more than 600 successful commercial solar installations over 20 years, REC Solar tailors financing and technology solutions to immediately deliver bottom line savings. REC Solar makes solar simple, working seamlessly with customer operations to deliver clean energy for decades. For more information, visit or call 844-732-7652.

Read more: Pacific Marine Credit Union Installs Solar at...

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