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8Point3 Energy Partners LP News Releases

http://ir.8point3energypartners.com/ 8Point3 Energy Partners LP News Releases en

8point3 Energy Partners Reports Third Quarter 2017 Results

http://ir.8point3energypartners.com/news-releases/news-release-details/8point3-energy-partners-reports-third-quarter-2017-results Partnership Raises 2017 Financial Guidance Increased Third Quarter Distribution by 3.0 percent over Second Quarter Distribution SAN JOSE, Calif. , Oct. 4, 2017 /PRNewswire/ --  8point3 Energy Partners LP (NASDAQ:CAFD) today announced financial results for its third fiscal quarter ended August 31, Wed, 04 Oct 2017 16:05:00 -0400 8Point3 Energy Partners LP News Releases 7391

8point3 Energy Partners Declares 3.0 Percent Increase in Quarterly Distribution

http://ir.8point3energypartners.com/news-releases/news-release-details/8point3-energy-partners-declares-30-percent-increase-quarterly-2 SAN JOSE, Calif. , Sept. 22, 2017 /PRNewswire/ --  8point3 Energy Partners LP (NASDAQ:CAFD) announces that the Board of Directors of its general partner declared a cash distribution for its Class A shares of $0.2721 per share for the third quarter of 2017.  This represents an increase of Fri, 22 Sep 2017 08:05:00 -0400 8Point3 Energy Partners LP News Releases 7376

8point3 Energy Partners to Announce Third-Quarter Results on October 4, 2017

http://ir.8point3energypartners.com/news-releases/news-release-details/8point3-energy-partners-announce-third-quarter-results-october-4 Event to be Webcast at: www.8point3energypartners.com SAN JOSE, Calif. , Sept. 18, 2017 /PRNewswire/ --  8point3 Energy Partners LP (NASDAQ: CAFD) will announce its third-quarter 2017 financial results on a conference call on Wednesday, October 4, 2017 at 1:30 p.m. Mon, 18 Sep 2017 16:05:00 -0400 8Point3 Energy Partners LP News Releases 7371

8point3 Energy Partners Reports Second Quarter 2017 Results

http://ir.8point3energypartners.com/news-releases/news-release-details/8point3-energy-partners-reports-second-quarter-2017-results Increased Second Quarter Distribution by 3.0 percent over First Quarter Distribution SAN JOSE, Calif. , June 29, 2017 /PRNewswire/ -- 8point3 Energy Partners LP (NASDAQ:CAFD) today announced financial results for its second fiscal quarter ended May 31, 2017 . Thu, 29 Jun 2017 16:14:00 -0400 8Point3 Energy Partners LP News Releases 7291

8point3 Energy Partners Declares 3.0 Percent Increase in Quarterly Distribution

http://ir.8point3energypartners.com/news-releases/news-release-details/8point3-energy-partners-declares-30-percent-increase-quarterly-1 SAN JOSE, Calif. , June 26, 2017 /PRNewswire/ --  8point3 Energy Partners LP (NASDAQ: CAFD) announced that the Board of Directors of its general partner declared a cash distribution for its Class A shares of $0.2642 per share for the second quarter of 2017.  This represents an increase of Mon, 26 Jun 2017 08:00:42 -0400 8Point3 Energy Partners LP News Releases 7326

8point3 Energy Partners to Announce Second-Quarter Results on June 29, 2017

http://ir.8point3energypartners.com/news-releases/news-release-details/8point3-energy-partners-announce-second-quarter-results-june-1 Event to be Webcast at: www.8point3energypartners.com SAN JOSE, Calif. , June 19, 2017 /PRNewswire/ --  8point3 Energy Partners LP (NASDAQ:CAFD) will announce its second-quarter 2017 financial results on a conference call on Thursday, June 29, 2017 at 1:30 p.m. Mon, 19 Jun 2017 16:05:40 -0400 8Point3 Energy Partners LP News Releases 7321

8point3 Energy Partners Reports First Quarter 2017 Results

http://ir.8point3energypartners.com/news-releases/news-release-details/8point3-energy-partners-reports-first-quarter-2017-results Sponsors Considering Alternatives for their Partnership Interests Increased First Quarter Distribution by 3.0 percent over Fourth Quarter Distribution SAN JOSE, Calif. , April 5, 2017 /PRNewswire/ -- 8point3 Energy Partners LP (NASDAQ:CAFD) today announced financial results for its first fiscal Wed, 05 Apr 2017 16:07:00 -0400 8Point3 Energy Partners LP News Releases 6856

8point3 Energy Partners Declares 3.0 Percent Increase in Quarterly Distribution

http://ir.8point3energypartners.com/news-releases/news-release-details/8point3-energy-partners-declares-30-percent-increase-quarterly SAN JOSE, Calif. , March 24, 2017 /PRNewswire/ --  8point3 Energy Partners LP (NASDAQ:CAFD) announces that the Board of Directors of its general partner declared a cash distribution for its Class A shares of $0.2565 per share for the first quarter of 2017.  This represents an increase of Fri, 24 Mar 2017 08:00:36 -0400 8Point3 Energy Partners LP News Releases 6401

8point3 Energy Partners to Announce First-Quarter Results on April 5, 2017

http://ir.8point3energypartners.com/news-releases/news-release-details/8point3-energy-partners-announce-first-quarter-results-april-5 Event to be Webcast at: www.8point3energypartners.com SAN JOSE, Calif. , March 20, 2017 /PRNewswire/ -- 8point3 Energy Partners LP (NASDAQ:CAFD) will announce its first-quarter 2017 financial results on a conference call on Wednesday, April 5, 2017 at 1:30 p.m. Mon, 20 Mar 2017 16:06:08 -0400 8Point3 Energy Partners LP News Releases 6396

8point3 Energy Partners Reports Fourth Quarter 2016 Results

http://ir.8point3energypartners.com/news-releases/news-release-details/8point3-energy-partners-reports-fourth-quarter-2016-results Completed Acquisition of SunPower's 49 Percent Stake in 102-MW Henrietta Project Completed Acquisition of First Solar's 34 Percent Stake in 300-MW Stateline Project on December 1, 2016 Increased Fourth Quarter Distribution by 3.5 percent over Third Quarter Distribution SAN JOSE, Calif. , Jan. Thu, 26 Jan 2017 16:05:16 -0500 8Point3 Energy Partners LP News Releases 6391

D&B award recognizes Waaree’s Solar Rooftop RESCO PV project solution to Mumbai Metro One Private Ltd (MMOPL). 

BEIJING, Nov. 19, 2017 /PRNewswire/ -- Phoenix Finance, a leading FinTech company in China announces to embed a new information section into its signature Fengming Intelligent Information Engine to provide professional-advised financial analysis and trend forecast. By June 2017, over 50 of 600 applied projects and companies have been settled with Phoenix Finance, that 85% of them have achieved the corporate credit rating of AA or AAA, such as CPIC, Sunshine Insurance Group and Evergrande Group.

Driven by the great investment opportunities in China's Internet technology, Phoenix Finance made unprecedented progress to meet the ever increasing demands from global Chinese to wealth management and assets allocation in three major dimensions.

Dimension 1: Deliver Professional Perspective with Merged Information Channels

As a minority group in the U.S., Chinese Americans have limited wealth management options to choose from due to the information asymmetry, mismatch of products and services and high threshold for investment and cumbersome transaction processes in the financial market.

To better serve the local Chinese in the U.S., Phoenix Finance international site in North American is launched to provide latest local assets management resources and more solutions such as US real estate mortgage products to global Chinese investors. In the short future, the U.S. office will also take care of personal investment service to Chinese citizens who live in Southeast Asia. In 2016, Phoenix Finance will enrich European investment options with cooperation with Denmark Saxo Bank Group to balance the global asset allocation options.

Dimension 2: AI-empowered Finance Platform - Generates Intelligent and Personalized Wealth Management Solutions

Fengming Intelligent Information is launched online in September 2017, with AI + Big Data, it broke the dividing crest among news, finance and technology to apply the concept of intelligent finance at user level and officially launched the Phoenix Finance Fengming Intelligent Information to provide clear analytical charts with insights of applicable investment model and practical knowledge to foster objective financial logic with critical thinking empowered by AI algorithms. The intelligent information engine breaks the limits of separated sectional settings of financial news, financial transitions, and financial technology – to offer a one-stop solution to the majority of global Chinese users. The innovative platform design benefits from Peking University-Phoenix Intelligent Finance Lab which was co-funded by New Finance and Venture Capital Research Center of Peking University in 2016.

A series of cutting edge financial technologies has been fully rolled out in the middle and back-end system, covering several modules like channel management, user management, corporate risk control and financial management. "2 years of continually improvements of technical capabilities, Phoenix Finance now offers various financial platforms such as Fengfei Engine, Fengqi System, Fengyu Wanxiang Risk Control (Enterprise Edition), Fengyu Wanxiang Risk Control (Personal Edition) and Fengyan to better meet the entire market's demands." Vince Zhang, the president of Phoenix Finance said, "Phoenix Finance will enrich its wealth management solution with more data driven intelligent investment products as Zhenzhun Intelligent Investment and Chaowei Fund Lab, etc."

Dimension 3: Cooperating with outstanding financial, scientific research and commercial institutions at home and abroad to provide Safe, Efficient and Convenient Financial Services with Cutting-edge R&D Resources and Advancing International Strengths

Phoenix Finance effectively increases the diversity of global quality assets with a newly established cooperation agreement with Saxo Bank. Enhanced investment and transaction abilities rely on the multi-asset transaction technologies of Saxo Bank which allows investors to have more financial products available for transaction. Thus the cooperation enables to synchronously obtain products and information of the two business sectors - global stock market and fixed income from Saxo Bank.

Besides diverse international asset allocation options, Phoenix Finance also provides convenient tools to process and deal with the financial payment. By April 2017, Phoenix Finance reached a comprehensive strategic cooperation agreement with Bank of Beijing to smoothen the procedure of payment and settlement, e-account services, wealth management and financial service innovation.

"As one of the first members of the National Internet Finance Association of China under the People's Bank of China, Phoenix Finance adopts 'Serving Global Chinese' and 'Internet Financial Technology' as the two core engines of development," Vince Zhang, the President of Phoenix Finance said, "we will continue to adhere to the mission of serving global Chinese and the development strategy of 'one-stop intelligent financial platform' and strive to consummate and expand the financial ecosystem based on our revolutionary technologies that allowing each user to enjoy the 'financial' benefits in the era of science and technology."

About Phoenix Finance

Phoenix Finance, Chinese leading intelligent financial services company that provides AI-driven financial information and asset allocation services. More than 85 percent of clients have achieved the corporate credit rating of AA or AAA, including famous organizations and enterprises such as CPIC, Sunshine Insurance Group and Evergrande Group.

View original content:http://www.prnewswire.com/news-releases/fengming-intelligent-financial-information-platform-beefs-up-with-information-and-analysis-section-300559171.html

SOURCE Phoenix Finance

SAN JOSE, Calif., March 24, 2017 /PRNewswire/ -- 8point3 Energy Partners LP (NASDAQ:CAFD) announces that the Board of Directors of its general partner declared a cash distribution for its Class A shares of $0.2565 per share for the first quarter of 2017.  This represents an increase of approximately 22.3 percent over the minimum quarterly distribution and an increase of 3.0 percent over the previous quarter's distribution of $0.2490 per share.  The first quarter distribution will be paid on April 14, 2017 to shareholders of record as of April 4, 2017.

About 8point3 Energy Partners
8point3 Energy Partners LP (NASDAQ:CAFD) is a growth-oriented limited partnership formed by First Solar, Inc. and SunPower Corporation to own, operate and acquire solar energy generation projects. 8point3 Energy Partners' primary objective is to generate predictable cash distributions that grow at a sustainable rate. The partnership owns interests in projects in the United States that generate long-term contracted cash flows and serve utility, commercial and residential customers.  For more information about 8point3 Energy Partners, please visit: www.8point3energypartners.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/8point3-energy-partners-declares-30-percent-increase-in-quarterly-distribution-300428905.html

SOURCE 8point3 Energy Partners LP

Investors, Bob Okunski, 408-240-5447, This email address is being protected from spambots. You need JavaScript enabled to view it.; Media, Natalie Wymer, 650-223-9132, This email address is being protected from spambots. You need JavaScript enabled to view it.

SAN JOSE, Calif., March 20, 2017 /PRNewswire/ -- 8point3 Energy Partners LP (NASDAQ:CAFD) will announce its first-quarter 2017 financial results on a conference call on Wednesday, April 5, 2017 at 1:30 p.m. Pacific Time.  The call-in number is 517-308-9098, passcode: 8point3 or the webcast can be accessed from the "Investors" section of 8point3 Energy Partners' website at www.8point3energypartners.com The earnings press release will be posted at the same location at approximately 1:05 p.m. Pacific Time on April 5, 2017.

About 8point3 Energy Partners
8point3 Energy Partners LP (NASDAQ:CAFD) is a growth-oriented limited partnership formed by First Solar, Inc. and SunPower Corporation to own, operate and acquire solar energy generation projects. 8point3 Energy Partners' primary objective is to generate predictable cash distributions that grow at a sustainable rate. The partnership owns interests in projects in the United States that generate long-term contracted cash flows and serve utility, commercial and residential customers.  For more information about 8point3 Energy Partners, please visit: www.8point3energypartners.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/8point3-energy-partners-to-announce-first-quarter-results-on-april-5-2017-300426270.html

SOURCE 8point3 Energy Partners LP

Veronica Andrade, 408-514-4075, This email address is being protected from spambots. You need JavaScript enabled to view it.

Completed Acquisition of First Solar's 34 Percent Stake in 300-MW Stateline Project on December 1, 2016

Increased Fourth Quarter Distribution by 3.5 percent over Third Quarter Distribution

SAN JOSE, Calif., Jan. 26, 2017 /PRNewswire/ -- 8point3 Energy Partners LP (NASDAQ:CAFD) today announced financial results for its fourth fiscal quarter ended November 30, 2016.

8point3 Energy Partners LP Logo
  • Exceeded Q4 2016 revenue, net income and Adjusted EBITDA guidance
  • Completed acquisition of minority stakes in SunPower's Henrietta and First Solar's Stateline projects
  • Declared Q4 2016 distribution of $0.2490 per share, an increase of 3.5 percent over the Q3 2016 distribution
  • Forecasts Q1 2017 distribution of $0.2565per share, an increase of 3.0 percent compared to the Q4 2016 distribution

For the fourth quarter of fiscal 2016, 8point3 Energy Partners reported revenue of $14.5 million, net income of $4.2 million, adjusted EBITDA of $18.3 million and cash available for distribution (CAFD) of $20.4 million. The partnership's fourth quarter 2016 CAFD results do not include approximately $6.0 million in network upgrade reimbursements that were expected to be received in the fourth quarter per the partnership's existing interconnection agreement with a utility. The reimbursement was received shortly after the partnership's fiscal year end and will be reflected in the partnership's CAFD results in the first quarter of 2017.  

"We continued to benefit from our high-quality solar portfolio as we met or exceeded most key financial metrics for the quarter while increasing our distribution rate for the sixth quarter in a row," said Chuck Boynton, 8point3 Energy Partners CEO. "As of the end of November, our portfolio consisted of interests in 642-megawatts (MW) of U.S. solar generating assets including the acquisition of SunPower's 49 percent minority interest in its 102-MW Henrietta project that we completed during the quarter. Also, we were pleased to close the acquisition of First Solar's 34 percent minority interest in its 300-MW Stateline project on December 1, 2016 which brings our total portfolio to interests in 942-MW of assets as of today. The Henrietta and Stateline projects are expected to generate approximately $11 million and $32 million in annual cash distributions respectively and both have 20 year contract lives. We are pleased to add these assets to our portfolio as they are in line with our long-term strategic focus of acquiring solar assets with strong, cash flows with investment grade offtakes," concluded Boynton. 

Additionally, the partnership's sponsors have proposed to remove the 100-MW El Pelicano project and the 179-MW Switch Station project from the right of first offer (ROFO) portfolio as the partnership will likely not acquire these projects during its 2017 fiscal year.  The potential removal of these projects from the ROFO portfolio is subject to the approval of the partnership's Board of Directors and its Conflicts Committee.

Also, the Board of Directors of the partnership's general partner declared a cash distribution for its Class A shares of $0.2490 per share for the fourth quarter. The fourth quarter distribution was paid on January 13, 2017 to shareholders of record as of January 3, 2017.

"Our solid fourth quarter results reflect the stability and strength of our asset portfolio," said Bryan Schumaker, 8point3 Energy Partners chief financial officer.  "We achieved key financial goals and feel that with our differentiated model, predictable cash flows from high quality solar assets, committed sponsor support and our recent project acquisitions, we remain well positioned to drive long term sustainable cash flows for our shareholders."

Guidance

The partnership's first quarter 2017 guidance is as follows: revenue of $9.3 million to $9.8 million, net loss of ($6.4) million to ($5.6)  million, adjusted EBITDA of $11.8 million to $12.6 million, CAFD of $19.8 million to $20.3 million and a distribution of $0.2565 per share, a forecasted increase of 3.0 percent compared to the Q4 2016 distribution. 

The partnership's fiscal year 2017 guidance is as follows: revenue of $63.3 million to $66.7 million, net income of $27.0 million to $32.6 million, Adjusted EBITDA of $106.5 million to $113.1 million and CAFD of $91.5 million to $101.0 million.  The partnership also expects a distribution growth rate of 12 percent for fiscal year 2017.

About 8point3 Energy Partners
8point3 Energy Partners LP (NASDAQ:CAFD) is a growth-oriented limited partnership formed by First Solar, Inc. and SunPower Corporation to own, operate and acquire solar energy generation projects. 8point3 Energy Partners' primary objective is to generate predictable cash distributions that grow at a sustainable rate. The partnership owns interests in projects in the United States that generate long-term contracted cash flows and serve utility, commercial and residential customers. For more information about 8point3 Energy Partners, please visit: www.8point3energypartners.com.

For 8point3 Energy Partners Investors

This press release includes various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. You can identify our forward-looking statements by words such as "anticipate", "believe", "estimate", "expect", "forecast", "goals", "objectives", "outlook", "intend", "plan", "predict", "project", "risks", "schedule", "seek", "target", "could", "may", "will", "should" or "would" or other similar expressions that convey the uncertainty of future events or outcomes. In accordance with "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, these statements are accompanied by cautionary language identifying important factors, though not necessarily all such factors, which could cause future outcomes to differ materially from those set forth in forward-looking statements. In particular, expressed or implied statements concerning the expectations of plans, strategies, objectives and growth and anticipated financial and operational performance of the partnership and its subsidiaries, including guidance regarding the partnership's revenue, Adjusted EBITDA, cash available for distribution and distributions, other future actions, conditions or events such as the projected commercial operation dates of projects, future operating results or the ability to generate sales, income or cash flow or to make distributions are forward-looking statements. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future actions, conditions or events and future results of operations may differ materially from those expressed in these forward-looking statements. Forward-looking statements speak only as of the date of this press release, January 26, 2017, and we disclaim any obligation to update such statements for any reason, except as required by law. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this paragraph. Many of the factors that will determine these results are beyond our ability to control or predict. These factors include the risk factors described under "Risk Factors" in the partnership's Transition Report on Form 10-K for the transition period from December 28, 2014 to November 30, 2015, filed with the Securities and Exchange Commission on January 28, 2016. If any of those risks occur, it could cause our actual results to differ materially from those contained in any forward-looking statement. Because of these risks and uncertainties, you should not place undue reliance on any forward-looking statement.

Non-GAAP Financial Information

This earnings release includes certain financial measures that are not defined under U.S. generally accepted accounting principles (GAAP), including Adjusted EBITDA and cash available for distribution. Such non-GAAP financial measures should be considered only as supplemental to, and not as superior to, financial measures prepared in accordance with GAAP. We reconcile these non-GAAP financial measures to the most directly comparable financial measure prepared in accordance with GAAP in the tables that accompany this release. In the introduction to such reconciliation tables that accompany this release, we disclose the reasons why we believe our use of the non-GAAP financial measures in this release provides useful information. Please read "Non-GAAP Financial Measures" below for further details on our use of non-GAAP financial measures. 

8point3 Energy Partners LP
Consolidated Balance Sheets
(In thousands, except share data)




November 30,



November 30,




2016



2015


Assets









Current assets:









Cash and cash equivalents


$

14,261



$

56,781


Accounts receivable and short-term financing receivables, net



5,401




4,289


Prepaid and other current assets1



15,745




8,033


Total current assets



35,407




69,103


Property and equipment, net



720,132




486,942


Long-term financing receivables, net



80,014




83,376


Investments in unconsolidated affiliates



475,078




352,070


Other long-term assets



24,432




26,142


Total assets


$

1,335,063



$

1,017,633


Liabilities and Equity









Current liabilities:









Accounts payable and other current liabilities1


$

23,771



$

2,612


Short-term debt and financing obligations



1,964




1,964


Deferred revenue, current portion



870




489


Total current liabilities



26,605




5,065


Long-term debt and financing obligations



384,436




297,206


Deferred revenue, net of current portion



308




746


Deferred tax liabilities



30,733




12,491


Asset retirement obligations



13,448




9,992


Total liabilities



455,530




325,500


Redeemable noncontrolling interests



17,624




89,747


Commitments and contingencies









Equity:









Class A shares, 28,072,680 and 20,007,281 issued and outstanding as of November 30, 2016 and November 30, 2015, respectively



249,138




392,748


Class B shares, 51,000,000 issued and outstanding as of November 30, 2016 and November 30, 2015







Accumulated earnings



22,440




15,580


Total shareholders' equity attributable to 8point3 Energy Partners LP



271,578




408,328


Noncontrolling interests



590,331




194,058


Total equity



861,909




602,386


Total liabilities and equity


$

1,335,063



$

1,017,633




1

The Partnership has related-party balances for transactions made with the Sponsors and tax equity investors. Related-party balances recorded within "Prepaid and other current assets" in the consolidated balance sheets were $0.9 million due from Sponsors as of both November 30, 2016 and November 30, 2015. Related-party balances recorded within "Accounts payable and other current liabilities" in the consolidated balance sheets were $19.7 million and $0.2 million due to Sponsors as of November 30, 2016 and November 30, 2015, respectively, and $1.0 million and zero due to tax equity investors as of November 30, 2016 and November 30, 2015, respectively. 

8point3 Energy Partners LP
Consolidated Statements of Operations
(In thousands, except per share data)




Year Ended



Eleven Months Ended



Year Ended




November 30,



November 30,



December 28,




2016



2015



2014


Revenues:













Operating revenues1


$

61,198



$

10,660



$

9,231


Total revenues



61,198




10,660




9,231


Operating costs and expenses1:













Cost of operations



6,959




2,624




(3,195)


Cost of operations—SunPower, prior to IPO






468




937


Selling, general and administrative



7,003




10,702




4,818


Depreciation and accretion



22,792




4,291




2,339


Acquisition-related transaction costs



2,271




212





Total operating costs and expenses



39,025




18,297




4,899


Operating income (loss)



22,173




(7,637)




4,332


Other expense (income):













Interest expense



12,081




1,860




5,525


Interest income



(1,203)




(1,470)





Other expense (income)



(1,518)




12,536





Total other expense, net



9,360




12,926




5,525


Income (loss) before income taxes



12,813




(20,563)




(1,193)


Income tax provision



(18,244)




(12,503)




(23)


Equity in earnings of unconsolidated investees



18,341




9,055





Net income (loss)



12,910




(24,011)




(1,216)


Less: Predecessor loss prior to IPO on June 24, 2015






(20,095)






Net income (loss) subsequent to IPO



12,910




(3,916)






Less: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests



(14,191)




(22,642)






Net income attributable to 8point3 Energy Partners LP Class A shares


$

27,101



$

18,726






Net income per Class A share:













Basic


$

1.27



$

0.94






Diluted


$

1.27



$

0.94






Distributions per Class A share:


$

0.91



$

0.16






Weighted average number of Class A shares:













Basic



21,420




20,002






Diluted



36,920




35,034








1 

The Partnership has related-party activities for transactions made with the Sponsors. Related party transactions recorded within "Operating revenues" in the consolidated statement of operations were $5.2 million for the year ended November 30, 2016, $2.3 million for the eleven months ended November 30, 2015, and zero for the year ended December 28, 2014. Related party transactions recorded within "Operating costs and expenses" in the consolidated statement of operations were $7.0 million for the year ended November 30, 2016, $1.4 million for the eleven months ended November 30, 2015, and $0.9 million for the year ended December 28, 2014.

8point3 Energy Partners LP
Consolidated Statements of Cash Flows
(In thousands)




Year Ended



Eleven Months Ended



Year Ended




November 30,



November 30,



December 28,




2016



2015



2014


Cash flows from operating activities:













Net income (loss)


$

12,910



$

(24,011)



$

(1,216)


Adjustments to reconcile net income (loss) to net cash provided by operating activities:













Depreciation, amortization and accretion



22,880




4,291




2,339


Unrealized loss (gain) on interest rate swap



(1,508)




611





Interest expense on financing obligation






1,193




4,838


Loss on termination of financing obligation






6,477





Reserve for rebates receivable






1,338





Distributions from unconsolidated investees



18,075




6,766





Equity in earnings of unconsolidated investees



(18,341)




(9,055)





Deferred income taxes



18,242




12,491





Share-based compensation



224




112





Amortization of debt issuance costs



626








Changes in allowance for doubtful accounts



370




328





Changes in operating assets and liabilities:













Accounts receivable and financing receivable, net



1,481




46




(4,118)


Cash grants receivable






146




1,099


Rebates receivable






(121)




2,685


Solar power systems to be leased under sales type leases






197




463


Prepaid and other current assets



(1,435)




(4,258)





Deferred revenue



(59)




(118)




(819)


Accounts payable and other current liabilities



1,171




5,403




(3,470)


Net cash provided by operating activities



54,636




1,836




1,801


Cash flows from investing activities:













Cash provided by (used in) purchases of property and equipment



1,167




(223,688)




(58,457)


Cash paid for acquisitions



(284,797)








Receipts of cash grants related to solar energy systems under operating leases









3,226


Distributions from unconsolidated investees



11,629




4,672





Net cash used in investing activities



(272,001)




(219,016)




(55,231)


Cash flows from financing activities:













Proceeds from issuance of Class A shares, net of issuance costs



113,325




393,750





Proceeds from issuance of bank loans, net of issuance costs



86,567




461,192




61,481


Proceeds from issuance of promissory note to First Solar






1,964





Repayment of bank loans






(264,143)





Capital contributions from SunPower



9,973




341,694




3,147


Capital distributions to SunPower






(3,163)




(11,198)


Cash distribution to First Solar at IPO






(283,697)





Cash distribution to SunPower at IPO






(371,527)





Cash distribution to SunPower for the remaining purchase price payments of initial projects






(202,680)





Cash distribution to Class A shareholders



(20,241)




(3,146)





Cash distributions to Sponsors as OpCo unitholders



(12,271)








Cash contributions from noncontrolling interests and redeemable noncontrolling interests - tax equity investors



3,671




203,717





Cash distributions to noncontrolling interests and redeemable noncontrolling interests - tax equity investors



(6,179)








Net cash provided by financing activities



174,845




273,961




53,430


Net increase (decrease) in cash and cash equivalents



(42,520)




56,781





Cash and cash equivalents, beginning of period



56,781








Cash and cash equivalents, end of period


$

14,261



$

56,781



$


Non-cash transactions:













Assignment of financing receivables to a third-party financial institution


$



$

1,279



$

7,815


Property and equipment acquisitions funded by liabilities



19,538







8,675


Property and equipment additions funded by SunPower post-IPO






50,683





Settlement of related party payable by capital contribution from tax equity investor



46,837








Predecessor liabilities assumed by SunPower






48,588





Accrued distributions to noncontrolling interests and redeemable noncontrolling interests - tax equity investors



975








Issuance by OpCo of OpCo common units, subordinated units and IDRs for acquisition of interests in First Solar Project Entities






408,820





Supplemental disclosures:













Cash paid for interest, net of amounts capitalized



11,525




437




688


Non-GAAP Financial Measures

Our management uses a variety of financial metrics to analyze our performance. The key financial metrics we evaluate are Adjusted EBITDA and cash available for distribution.

Adjusted EBITDA. We define Adjusted EBITDA as net income (loss) plus interest expense, net of interest income, income tax provision, depreciation, amortization and accretion, including our proportionate share of net interest expense, income taxes and depreciation, amortization and accretion from our unconsolidated affiliates that are accounted for under the equity method, and share-based compensation and transaction costs incurred for our acquisitions of projects; and excluding the effect of certain other non-cash or non-recurring items that we do not consider to be indicative of our ongoing operating performance such as, but not limited to, mark to market adjustments to the fair value of derivatives related to our interest rate hedges. Adjusted EBITDA is a non-U.S. GAAP financial measure. This measurement is not recognized in accordance with U.S. GAAP and should not be viewed as an alternative to U.S. GAAP measures of performance. The U.S. GAAP measure most directly comparable to Adjusted EBITDA is net income (loss). The presentation of Adjusted EBITDA should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items.

We believe Adjusted EBITDA is useful to investors in evaluating our operating performance because securities analysts and other interested parties use such calculations as a measure of financial performance and borrowers' ability to service debt. In addition, Adjusted EBITDA is used by our management for internal planning purposes including certain aspects of our consolidated operating budget and capital expenditures. It is also used by investors to assess the ability of our assets to generate sufficient cash flows to make distributions to our Class A shareholders.

However, Adjusted EBITDA has limitations as an analytical tool because it does not reflect our cash expenditures or future requirements for capital expenditures or contractual commitments, does not reflect changes in, or cash requirements for, working capital, does not reflect significant interest expense or the cash requirements necessary to service interest or principal payments on our outstanding debt or cash distributions on tax equity, does not reflect payments made or future requirements for income taxes, and excludes the effect of certain other cash flow items, all of which could have a material effect on our financial condition and results of operations. Adjusted EBITDA is a non-U.S. GAAP measure and should not be considered an alternative to net income (loss) or any other performance measure determined in accordance with U.S. GAAP, nor is it indicative of funds available to fund our cash needs. In addition, our calculations of Adjusted EBITDA are not necessarily comparable to EBITDA as calculated by other companies. Investors should not rely on these measures as a substitute for any U.S. GAAP measure, including net income (loss).

Cash Available for Distribution. We use cash available for distribution, which we define as Adjusted EBITDA less equity in earnings of unconsolidated affiliates, cash interest paid, cash income taxes paid, maintenance capital expenditures, cash distributions to noncontrolling interests and principal amortization of indebtedness plus cash distributions from unconsolidated affiliates, indemnity payments and working capital loans from Sponsors, test electricity generation, cash proceeds from sales-type residential leases, state and local rebates and cash proceeds for reimbursable network upgrade costs. Our cash flow is generated from distributions we receive from OpCo each quarter. OpCo's cash flow is generated primarily from distributions from the Project Entities. As a result, our ability to make distributions to our Class A shareholders depends primarily on the ability of the Project Entities to make cash distributions to OpCo and the ability of OpCo to make cash distributions to its unitholders.

We believe cash available for distribution is useful to investors in evaluating our operating performance because securities analysts and other interested parties use such calculations as a measure of our ability to make our distribution. In addition, cash available for distribution is used by our management team for determining future acquisitions and managing our growth. The U.S. GAAP measure most directly comparable to cash available for distribution is net income (loss).

However, cash available for distribution has limitations as an analytical tool because it does not capture the level of capital expenditures necessary to maintain the operating performance of our projects, does not include changes in operating assets and liabilities and excludes the effect of certain other cash flow items, all of which could have a material effect on our financial condition and results from operations. Cash available for distribution is a non-U.S. GAAP measure and should not be considered an alternative to net income (loss) or any other performance measure determined in accordance with U.S. GAAP, nor is it indicative of funds available to fund our cash needs. In addition, our calculations of cash available for distribution are not necessarily comparable to cash available for distribution as calculated by other companies. Investors should not rely on these measures as a substitute for any U.S. GAAP measure, including net income (loss).

The following table presents a reconciliation of net income (loss) to Adjusted EBITDA and cash available for distribution for the three months ended November 30, 2016, August 31, 2016, and November 30, 2015, and the year ended November 30, 2016, the eleven months ended November 30, 2015 and the year ended December 28, 2014, respectively:

8point3 Energy Partners LP
Reconciliation of Net Income (Loss) to Adjusted EBITDA and Cash Available for Distribution (CAFD)
(Unaudited)











Three Months Ended



Year Ended



Eleven Months Ended



Year Ended




November 30,



August 31,



November 30,



November 30,



November 30,



December 28,


(in thousands)


2016



2016



2015



2016



2015



2014


Net income (loss)


$

4,250



$

15,874



$

(8,644)



$

12,910



$

(24,011)



$

(1,216)


Add (Less):

























Interest expense, net of interest income



2,664




2,903




(33)




10,870




390




5,525


Income tax provision



2,963




5,063




11,796




18,244




12,503




23


Depreciation, amortization and accretion



6,556




6,311




1,917




22,880




4,291




2,339


Share-based compensation



56




56




56




224




112





Acquisition-related transaction costs (1)



10




599




212




2,271




212





Selling, general and administrative (2)















6,372




2,334


Loss on cash flow hedges related to

Quinto interest rate swaps















5,448





Loss on termination of residential

financing obligations















6,477





Unrealized loss (gain) on derivatives (3)



(972)




(285)




(159)




(1,508)




611





Add proportionate share from

equity method investments (4)

























Interest expense, net of interest income



(375)




(54)




(144)




(524)




(165)





Depreciation, amortization and accretion



3,142




2,397




3,052




10,825




5,212





Adjusted EBITDA


$

18,294



$

32,864



$

8,053



$

76,192



$

17,452



$

9,005


Less:

























Equity in earnings of unconsolidated affiliates, net with (4) above (5)



(7,604)




(10,418)




(5,849)




(28,642)




(14,102)





Cash interest paid (6)



(3,000)




(3,278)




(2,787)




(12,176)




(4,502)





Cash income taxes paid



(2)










(2)








Maintenance capital expenditures



(50)










(50)








Cash distributions to non-controlling interests



(2,412)




(2,826)







(6,142)








Add:

























Cash distributions from unconsolidated affiliates (7)



14,054




7,018




6,230




30,129




10,902





Indemnity payment from Sponsors (8)



279




64




3,900




10,316




3,900





Short-term Note (9)









1,964







1,964





Test electricity generation (10)









4,020




421




5,576





Cash proceeds (usage) from sales-type residential leases, net (11)



649




630




754




2,550




2,730




2,746


State and local rebates (12)












299








Cash proceeds for reimbursable network upgrade costs (13)



222










222








Cash available for distribution


$

20,430



$

24,054



$

16,285



$

73,117



$

23,920



$

11,751




(1)

Represents acquisition-related financial advisory, legal and accounting fees associated with ROFO Project interests purchased and expected to be purchased by us in the future.



(2)

Represents the allocation of the Predecessor's corporate overhead in selling, general and administrative expenses.



(3)

Represents the changes in fair value of interest rate swaps that were not designated as cash flow hedges.



(4)

Represents our proportionate share of net interest expense, depreciation, amortization and accretion from our unconsolidated affiliates that are accounted for under the equity method.



(5)

Equity in earnings of unconsolidated affiliates represents the earnings from the Solar Gen 2 Project, the North Star Project, the Lost Hills Blackwell Project and the Henrietta Project and is included on our consolidated statements of operations.



(6)

Represents cash interest payments related to our term loan and revolving credit facilities post-IPO. The interest payments for the Quinto Credit Facility on the Predecessor's combined carve-out financial statements were excluded as they were funded by one of our Sponsors.



(7)

Cash distributions from unconsolidated affiliates represent the cash received by OpCo with respect to its 49% interest in the Solar Gen 2 Project, the North Star Project, the Lost Hills Blackwell Project and the Henrietta Project.



(8)

Represents indemnity payments from the Sponsors owed to OpCo in accordance with the Omnibus Agreement.



(9)

Represents a working capital loan from First Solar.



(10)

Test electricity generation represents the sale of electricity that was generated prior to COD by the Kingbird Project for the year ended November 30, 2016 and by the Quinto Project, the RPU Project, the UC Davis Project and the Macy's California Project for the eleven months ended November 30, 2015. Solar systems may begin generating electricity prior to COD as a result of the installation and interconnection of individual solar modules, which occurs over time during the construction and commission period. The sale of test electricity generation is accounted for as a reduction in the asset carrying value rather than operating revenue prior to COD, even though it generates cash for the related Project Entity.



(11)

Cash proceeds from sales-type residential leases, net, represent gross rental cash receipts for sales-type leases, less sales-type revenue and lease interest income that is already reflected in net income (loss) during the period. The corresponding revenue for such leases was recognized in the period in which such lease was placed in service, rather than in the period in which the rental payment was received, due to the characterization of these leases under U.S. GAAP.



(12)

State and local rebates represent cash received from state or local governments for owning certain solar power systems. The receipt of state and local rebates is accounted for as a reduction in the asset carrying value rather than operating revenue.



(13)

Cash proceeds from a utility company related to reimbursable network upgrade costs associated with the Kingbird Project.

8point3 Energy Partners LP
FY 2017 Q1 Guidance
Reconciliation of Net Loss to Adjusted EBITDA and Cash Available for Distribution (CAFD)


 (in millions)


Low



High


Net loss


$

(6.4)



$

(5.6)


Add (Less):









Interest expense, net of interest income



5.5




5.5


Income tax provision



(0.1)




(0.1)


Depreciation, amortization and accretion



6.4




6.4


Share-based compensation



0.1




0.1


Add proportionate share from equity method investments (1):









Depreciation, amortization and accretion



6.3




6.3


Adjusted EBITDA


$

11.8



$

12.6


Less:









Equity in earnings of unconsolidated affiliates, net with (1)



(6.8)




(7.2)


Cash interest paid



(5.5)




(5.5)


Cash distributions to non-controlling interests



(2.0)




(2.0)


Add:









Cash distributions from unconsolidated affiliates



17.7




17.7


Network upgrade refund



6.0




6.1


Cash proceeds from sales-type residential leases



0.6




0.6


Repayment of working capital loan



(2.0)




(2.0)


Estimated cash available for distribution


$

19.8



$

20.3




(1)

Represents our proportionate share of net interest expense, depreciation, amortization and accretion from our unconsolidated affiliates that are accounted for under the equity method.

8point3 Energy Partners LP
FY 2017 Guidance
Reconciliation of Net Income to Adjusted EBITDA and Cash Available for Distribution (CAFD)


 (in millions)


Low



High


Net income


$

27.0



$

32.6


Add (Less):









Interest expense, net of interest income



24.3




24.3


Income tax provision



3.4




4.4


Depreciation, amortization and accretion



26.3




26.3


Share-based compensation



0.2




0.2


Add proportionate share from equity method investments (1):









Depreciation, amortization and accretion



25.3




25.3


Adjusted EBITDA


$

106.5



$

113.1


Less:









Equity in earnings of unconsolidated affiliates, net with (1)



(60.4)




(63.5)


Cash interest paid



(24.3)




(24.3)


Cash distributions to non-controlling interests



(9.2)




(9.2)


Add:









Cash distributions from unconsolidated affiliates



65.1




71.1


Network upgrade refund



13.2




13.2


Cash proceeds from sales-type residential leases



2.6




2.6


Repayment of working capital loan



(2.0)




(2.0)


Estimated cash available for distribution


$

91.5



$

101.0




(1)

Represents our proportionate share of net interest expense, depreciation, amortization and accretion from our unconsolidated affiliates that are accounted for under the equity method.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/8point3-energy-partners-reports-fourth-quarter-2016-results-300397671.html

SOURCE 8point3 Energy Partners LP

Investors, Bob Okunski, 408-240-5447, This email address is being protected from spambots. You need JavaScript enabled to view it.; Media, Natalie Wymer, 408-457-2348, This email address is being protected from spambots. You need JavaScript enabled to view it.

NAIROBI, Kenya, November 16, 2017/APO Group/ --

Huge potential, unlimited opportunities – this is how energy experts in the region describe the East African power sector. A required investment of approximately $93 billion per annum needed to address East Africa’s power and infrastructure needs opens up exciting business opportunities for suppliers and solution providers from across the globe.

Future Energy East Africa (www.Future-Energy-EastAfrica.com), with the official support of the Kenyan Ministry of Energy and Petroleum, will once again host many of the region’s leading energy decision makers from 29 – 30 November 2017 at the Safari Park Hotel in Nairobi.
 
Formerly known as the East African Power Industry Convention (EAPIC) the event boasts both a strategic conference and a large trade exhibition which provides a platform for public and private stakeholders to engage in discussions around the future of the East African energy sector, giving stakeholders the opportunity to benchmark their operations, challenges and achievements against their peers and seek suppliers who are looking to gain access to projects across the region.

Leading energy experts and industry suppliers who are excited about the region’s potential and opportunities in the sector that will be at Future Energy East Africa include: “The electricity industry in this region is one of the fastest developing on the continent and Future Energy East Africa presents the perfect opportunity to showcase our products, services and expertise to a key growth market. We have been participating in EAPIC for many years and we are excited to see the event develop after its rebranding as Future Energy East Africa this year.” - Connie Ochola, Regional Marketing Manager, Sub-Saharan Africa, Lucy Electric, returning platinum sponsors. Full interview (http://APO.af/jbrMKH).

“The smart money is on East Africa, Africa’s new economic powerhouse is taking root in Eastern Africa, with Ethiopia and Kenya taking the lead, and Tanzania and Uganda reinforcing this emerging regional cluster of more than 300 million people.” - Lukas Duursema, CEO, Siemens Eastern Africa, platinum sponsors. Read more (http://APO.af/p4Eq9x).

“Energy access related start-ups have been among the most prominent of the start-up scene in the recent years in East Africa. Kenya in particular is a commendable player in the African innovation and entrepreneurship market. The number of start-ups being born and entrepreneurs being developed here reflect this.” - Paras Patel, Investment Manager, Energy Access Ventures, Kenya and part of a panel discussion on the potential of mini grids at Future Energy East Africa. Full interview (http://APO.af/Bds5ge).

“I dream of the day when all our school kids will do their evening homework using electricity. Our main opportunities lie in the upscaling of the production of renewable energy. With the decreasing costs of storage batteries, distributed generation will go a long way in ensuring that all citizens of East Africa have access to clean and reliable energy.” - Mbae Ariel Mutegi, Chief Engineer, Network Audit, Kenya Power and panelist at Future Energy East Africa.  Full interview (http://APO.af/QTXKm1).

“Both generation and distribution of energy in East Africa are markets to watch closely over the near future. Access to energy certainly represents a major opportunity in the region and, in my opinion, solving the issues around making mini-grids economically viable is at the core of unlocking that opportunity. Furthermore, there are few credible players with on-ground experience in this space, which makes it a particularly exciting time to be involved.” - Riccardo Ridolfi, the Head of Business Development for Absolute Energy Capital (AEC) and discussion panellist at Future Energy East Africa. Full interview (http://APO.af/YKKwhR).

Opening session highlights: Wednesday 29 November 2017:

Theme: Mapping the journeys of the future utility 

09:15 Organiser’s welcome
Claire O’Connell, Event Director, Spintelligent, South Africa

09:20 Host Ministry welcome address
Dr Joseph Njoroge, Principal Secretary, Ministry of Energy and Petroleum, Kenya

09:35 Uganda’s roadmap to universal access to affordable, reliable and modern energy services 
Hon. Eng Simon D’Ujanga, Minister of State for Energy and Mineral Development, Uganda

09:50-11:00 What is the vision for the digital utility? - Will there be a new way of running a utility? - How can you combine digital technologies and operations capabilities? - Entirely reimagining the customer experience

Speakers:

  • Kannan Lakmeeharan, Partner, McKinsey & Company, South Africa
  • Johnny Dladla, CEO, Eskom Enterprises, South Africa
  • Johan Helberg, Country Manager, Siemens, Kenya
  • Edouard Héripret General Manager East Africa, Schneider Electric, Kenya
  • Ken Tarus, Managing Director and CEO, Kenya Power, Kenya*
  • Rebecca Miano, Managing Director and CEO, KenGen, Kenya*


11:00-11:30 Inspirational keynote address: Developing East Africa’s future leaders
Prof. Izael Pereira Da Silva, Deputy Vice Chancellor in Charge of Research and Innovation, Strathmore University, Kenya

Free expo highlights include:

Free technical workshops on renewable energy, mini grids, nuclear power and much more. Click here (http://APO.af/68qHdU) for the full programme.
Latest technology and services for the industry – more than 40 local and global exhibitors will showcase their offering on the expo floor. Register here (http://APO.af/dAAVvA).

East Africa’s energy journey:
Future Energy East Africa has been a firm, favourite fixture on the region’s power calendar for the last 19 years and is recognised as being a distinctive gathering of stakeholders within the power value chain which includes governments, power generation companies, transmission and distribution companies, off takers, developers, investors, equipment manufacturers and providers, technology providers, EPCs, legal and consulting firms all with a shared goal of supporting the on-going implementation of finding lasting solutions to East Africa’s energy challenges.

Industry support:
As in previous years of this flagship energy event in the region, Future Energy East Africa has secured impressive industry support, including from Lucy Electric, a leading secondary distribution supplier in the electricity sector, who are returning platinum sponsors. Siemens, a global industry pioneer, are also platinum sponsors. Other sponsors are African Young Generation in Nuclear (AYGN), Maschinenfabrik Reinhausen GmbH and Landis+Gyr.

Future Energy East Africa is organised by Spintelligent, a multi-award-winning Cape Town-based exhibition and conference producer across the continent in the infrastructure, real estate, energy, mining, agriculture and education sectors. Other well-known events by Spintelligent include African Utility Week (www.African-Utility-Week.com), Future Energy Nigeria (formerly WAPIC) (www.Future-Energy-Nigeria.com), Future Energy Central Africa (www.Future-Energy-CentralAfrica.com), Agritech Expo Zambia (www.Agritech-Expo.com), Kenya Mining Forum (www.KenyaMiningForum.com), Nigeria Mining Week (www.NigeriaMiningWeek.com) and DRC Mining Week (www.DRCminingweek.com). Spintelligent is part of the UK-based Clarion Events Group.

CASABLANCA, Morocco, November 16, 2017/APO Group/ --

On November 29 to 1 December 2017, Under the High Patronage of His Majesty King Mohammed VI of Morocco, The ‘Gas Options North and West Africa Summit’ (www.GasOptions-NWAfrica.com) and The ‘Africa Renewable Energy Forum’ (www.Africa-Renewable-Energy-Forum.com) will assemble some of the most active national and international public and private stakeholders to forge partnerships, finalise deals and glean the most important developments taking place in Africa’s energy and power sector.

Travelling to Casablanca to join these high-level discussions, the Forums have confirmed the participation of 5 Ministers of Energy including:

  • Honourable Aziz Rabbah, Minister of Energy, Mines and Sustainable Development, Government of the Kingdom of Morocco
  • H.E. Honourable, Patrick Eyogo Edzang, Minister of Water and Energy, Gabon
  • H.E. Honourable Minister Maliki Alhousseini, Minister of Energy and Water, Mali
  • H.E. Honourable Jorge Seguro Sanches, Secretary of State for Energy, Portugal
  • Hon. William Owuraku Aidoo, Deputy Minister for Power, Ministry of Energy, Ghana
  • H.E. Honourable Senator Tsitsi Muzenda, Deputy Minister of Energy and Power Development, Zimbabwe

With the support and attendance of high level experts from Cheniere, Siemens, Shell, White & Case, Wärtsila, Clarke Energy, Karpowership, DBSA, DLA Piper, ENGIE, Fieldstone Africa, Jinko Solar, ACWA Power and Alfanar, the Gas Options: North and West Africa Summit and the Africa Renewable Energy Forum will collaborate with distinguished experts such as Amina Benkhadra, Director General, National Office of Hydrocarbons and Mines (ONHYM), Leila Farah Mokaddem, Country Manager of Morocco, of the African Development Bank, Marie-Alexandra Veilleux-Laborie, Director, Head of Morocco, European Bank for Reconstruction and Development, Koffi Klousseh, Director of Project Development, at Africa50,  Rafael Huarte, Lázaro, Director, International Gas Union (IGU), and Khalid Berradi, Chief Operations Officer, of OCP Policy Center.

Some of the most pressing topics to be discussed will include, what is the long-term commitment of the private sector in making renewable energy profitable and affordable, What new technologies are promising to change the course of renewable energy development, should Governments and DFIs be developing more guarantee and risk mitigation instruments and the potential of the Gas IPP procurement programme as an anchor for industrial growth.

Alfanar closes the financing for the landmark 50 MW Solar PV IPP project under the feed-in-tariff (FiT) program Round II in Egypt This project will be the first in the row of alfanar current pipeline of 800 MW investment projects spread across Europe, East Africa and South Asia, in both solar and wind technologies JEDDAH, Kingdom of Saudi Arabia, November 7, 2017/APO Group/ -- Alfanar Company (www.alfanar.com) closed last week the financing for the development, construction, ownership and operation of a 50 MW solar PV plant which will be located in the proposed 1.8-GW Benban solar complex in Egypt's Aswan province and which will be supported by Egypt's FiT program. This project will be the first in the row of alfanar current pipeline of 800 MW investment projects spread across Europe, East Africa and South Asia, in both solar and wind technologies. Alfa Solar Company - subsidiary of alfanar group - has signed the facility agreement for $57 million with the European Bank for Reconstruction and Development (EBRD) (www.EBRD.com) and Islamic Corporation for the Development of the Private Sector (ICD) (http://ICD-ps.org) in early October 2017. Mr. Sabah Mohammed Al Mutlaq, Chairman of Alfa Solar and Vice-chairman of Alfanar group, stated: “We are happy to achieve this milestone. We appreciate the trust placed on us by EETC/EBRD/ICD and look forward to delivering the plant in time”. Mr. Jamal Wadi, CEO - Alfanar Energy, said: “It is to the credit of EETC and the various counterparties that we could achieve the financial close in appropriate time. These projects are sort of a testimony to the changing standard in the energy field and can deliver equal if not higher dependable and long term value to countries and developers.”

Mr. Khaled Al-Aboodi, CEO of ICD, added: “ICD is engaged with the financing of this solar project in Egypt as a proof of its commitment to encourage the renewable energy in the member countries. ICD stands ready to work with Alfanar and other investors on further improvements in the business climate for renewable energy, especially under the Government of Egypt’s feed-in-tariff (FiT) renewable energy program.”

Mr. Harry Boyd-Carpenter, EBRD Director, Power and Energy Utilities, commented: “We are delighted to work with Alfanar and to support them in such an important investment. The EBRD has been a firm supporter of renewable energy development in Egypt, providing policy advice, technical assistance and financing. We are very pleased to take another step forward in this area, and to continue our successful cooperation with ICD as well.” The Power Purchase Agreement (“PPA”) for the project was signed with EETC on May 7th 2017. Project will be 100% compliant with the Country's Green Economy Evolution Approach and will support the expansion of renewable energy Generation to meet Egypt’s targets in this area including its Intended Nationally Determined Contribution and will offset 900,000 tons of carbon dioxide (CO2) emissions each year, once operational.

With the launch of this landmark project, Alfanar group is setting pace to deliver newly won renewable projects in Spain (720 MW Wind project), India (50 MW Wind Project) & Kenya (40 MW Solar PV project). Distributed by APO Group on behalf of Islamic Corporation for the Development of the Private Sector (ICD).

Media Inquiries:
Mr. Nabil El Alami
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Fax: +966 12 6444427
Tel: +966 12 6468192

About Alfanar Company:
Alfanar Company (www.alfanar.com) established in 1976 and currently is the region's leading player in the Energy sector, its manpower constitutes to 17,000 plus with more than 2,000 engineers, and turnover exceeds $2.15 billion (2016). alfanar Group, activity portfolio covers Integrated Development, Financing, Engineering, Construction, Testing & Commissioning, Technical services, Civil works, MEP works, Operation and Maintenance for Power and Water projects and manufacturing of power electrical equipment with research and development centers globally. As a Saudi based company, alfanar has many companies in Portugal, UAE, Egypt, Qatar, UK, India and Spain.
www.alfanar.com

About Islamic Corporation for the Development of the Private Sector (ICD):
ICD (www.ICD-ps.org) is a multilateral organization and a member of the Islamic Development Bank (IDB) Group. The mandate of ICD is to support economic development and promote the development of the private sector in its member countries through providing financing facilities and/or investments, which are in accordance with the principles of Sharia’a. ICD also provides advice to governments and private organizations to encourage the establishment, expansion and modernization of private enterprises. ICD is rated AA/F1+ by Fitch and Aa3/P1 by Moody’s.
www.ICD-ps.org

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REC Group and the second time its innovative TwinPeak technology based on half-cut multicrystalline PERC cells has been awarded

Direct access to technical support and a new web presence to premiere at SPI 2017

Voltalia, an international player in renewable energies, announces the launch of the construction of a new 8.2 MW solar power plant in France, in the Bouches-du-Rhône department.

Voltalia (Euronext Paris, ISIN code: FR0011995588), an international player in renewable energies, announces the start of construction works at the French solar power plants of Canadel (10.4 MW) and Castellet 2 (3.8 MW) located in the southern-France region of Var. 

Intersolar Europe, the world’s leading exhibition for the solar industry and its partners, is now open.

JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company"), a global leader in the Photovoltaic (PV) industry, announced that as the only Chinese company, it was invited to dialogue at The Business 20 (B20) Summit held in Berlin on May 2-3, 2017.

Enables residential solar asset owners, loan providers, installers, developers, and distributors to truly understand how their PV systems are performing

Locus Energy announced new, advanced hardware flexibility, with an enhanced capability to collect data from on-site aggregators and third-party equipment directly.

IFC, a member of the World Bank Group, and fashion retailer, H&M Hennes & Mauritz (H&M), launched a joint partnership to boost the use of clean, renewable energy in the garment sector, while also slashing greenhouse gas emissions.

Larson Electronics LLC, a leading industrial lighting company, announced the release of a new solar panel kit to be added to its catalog of products.

Once 80 Year Rivals, Poyant Signs partners with Beaumont Solar to meet all industry deadlines

Green Power EMC, the renewable energy supplier for 38 Georgia Electric Membership Corporations (EMCs), and Silicon Ranch, one of the nation's largest independent solar power producers, officially dedicated a 52-Megawatt (MWAC) solar energy plant in Jeff Davis County, Georgia. 

D&B award recognizes Waaree’s Solar Rooftop RESCO PV project solution to Mumbai Metro One Private Ltd (MMOPL). 

Envion AG has created a technology for the first truly mobile data-center that uses low-priced local energy to mine a broad spectrum of cryptocurrencies (Bitcoin, Ethereum, etc.). By harvesting locally available clean energy right at the source, envion can operate at lower costs than competitors and at the same time reduces the CO2 footprint of the blockchain industry. Envion aims at decentralizing the highly-concentrated mining market (China holds 80% in Bitcoin mining) and at bringing control of the market back to the users. That’s why envion gives 100% of its mining profits back to its community.

 

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171117005011/en/

 

Envion - World's Most Profitable Standard of Self-Expanding Crypto Infrastructure (Photo: Business W ...

Envion - World's Most Profitable Standard of Self-Expanding Crypto Infrastructure (Photo: Business Wire)

Current challenges in the energy and blockchain industries

 

The blockchain industry is suffering from an ever-increasing energy demand. This can mainly be explained by the fact that transactions take up high amounts of mostly fossil energy. At the same time, envion sees an ever-increasing production of clean regenerative energy, which frequently gets lost due to maxed out energy grids. This results in locally available excess energy, as solar power plants produce overcapacities. These overcapacities can now efficiently be used by envion’s innovative mobile mining units.

 

Envion’s solutions

 

Envion has developed fully automated (“industry 4.0”), mobile mining units (MMU) inside standardized intermodal shipping containers that can be shipped to virtually any location in the world within days or weeks, decentralizing the blockchain infrastructure. Envion mobile mining units are designed and built to operate at remote locations near energy sources such as solar plants, wind turbines or hydropower plants. This allows envion to make use of energy overcapacities in a profitable setting. The mobility of the MMU furthermore allows for targeted placement of the units at sites requiring thermal energy and can be used for heating. This way, envion recycles energy consumed in the MMU for external heating purposes in buildings or greenhouses and achieves revolutionarily low electricity prices.

 

Envion’s MMUs can be integrated into a smart grid and flexibly move energy demand closer to energy supply and hence, take the burden off the grid.

 

Investment opportunities

 

Envion’s ambitious goal is to have the lowest cost structure in the blockchain mining industry. By combining GPU-based mining with ASIC mining, investors in EVN tokens receive a 161% ROI after administrative deductions, according to envion’s whitepaper. Its unique position as the only truly mobile mining operation combined with a tested, optimized and streamlined technology puts them among the top players, even in this highly competitive market - but with considerably lower risks involved. The key aspect here is that, following a community-approach, 100% of mining profits will directly go to the EVN token holder community. 75% of this will be distributed to token holders on a weekly basis, the remaining 25% will be re-invested in MMUs to keep on growing the profits for the community. The pioneering company does not stop here, however, they construct and operate mobile mining units for third party operations as well. This means that third party investors acquire envion hardware, while 35% of these profits go directly to EVN token holders.

 

Altogether this looks like the best way to invest into the high dividend blockchain industry and at the same time minimize risks as envion is not dependent on a single market player.

 

The investment period (ICO) starts Dec. 1st, 2017. Visit www.envion.org for more information.

 

 

 

 
MULTIMEDIA AVAILABLE :
http://www.businesswire.com/news/home/20171117005011/en/

Intersolar India, a unique platform for the solar industry has been proudly associated with the Indian solar industry since 2009. 

The scope of the project, which will cater to the power needs of the 31-acre campus comprising a 710-bed hospital, 15 laboratories and a diagnostics block, includes complete EPC of the 132-KV substation right from survey, design and engineering to supply, construction and project management

Q2 & H1 of Financial Year 2017-18

13th Nov, 2017

The Country’s largest power generator - NTPC Ltd. having installed capacity of 51708 MW declared the financial results for the second quarter and half-year of financial year 2017-18.

For H1 FY2017-18, NTPC Ltd. generated 129.457 Billion Units against 125.148 Billion Units generated in the corresponding period of the previous year, an increase of 3.44%, represented by 4.309 Billion Units. For the H1 FY2017-18, NTPC Coal stations achieved PLF of 77.81% as against National PLF of 59.97%.

On half-year basis, the Total Income of Rs. 40,502.28 crore for H1 FY 2017-18 showed an increase of 4.36% against the Total Income of Rs. 38,809.36 crore reported for the previous corresponding period. For H1 FY 2017-18, Profit before Tax is Rs. 6,688.15 crore as compared to Rs. 6,297.41 crore declared in the corresponding period of previous year registering an increase of over 6%. The Profit after Tax for H1 FY 2017-18 is Rs. 5,056.77 crore compared to Rs. 4,836.60 crore declared in the corresponding period of previous year registering an increase of over 4%.

The Total Income for the Q2 FY 2017-18 is Rs. 19,960.35 crore as against the Total Income of Rs. 19,588.56 crore in the Q2 FY 2016-17, registering an increase of 1.90%. For Q2 FY 2017-18, Profit before Tax is Rs. 3,222.77 crore and the Profit after Tax is Rs. 2,438.60 crore.


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NTPC Family Members Extend all Possible Assistance for Unchahar

08th Nov, 2017

Airlifting of the injured for the best available medical treatment, donating blood to patients and helping the victims with the physical presence of employees, NTPC family is extending all possible support to those affected by the accident that took place in NTPC- Unchahar on November 1, 2017.

NTPC has extensively used 13 trips of air ambulances and 2 trips of Indian Air Force planes to take the injured to Delhi at the best of the treatment available in the country . For speedy road transportation of the victims, green corridors were created 24 times for evacuation of patients from the crowded areas of Lucknow city.

In this hour of crisis state Government and district administration and their staff fully supported NTPC in rehabilitating the accident victims in the shortest possible time, be it in transporting the patients, creating green corridors and also in airlifting the patients to Delhi.

Over 200 NTPC family members from Lucknow, Unchahar and Delhi have voluntarily made themselves available round the clock for deployment at hospitals, control rooms and looking after patients & families of those affected. These control rooms are working round the clock. All hospitals are also provided with 24 hr help desks in order to exclusively cater to helping the patients.

Thirty six NTPC employees have donated blood as required at [Apollo 24, AIIMS 5 , RML 3 and SGPGI 4] various hospitals in Delhi and Lucknow.

NTPC is taking help of specialist doctors and para medical staff to help in speedy recovery of those in hospitals. NTPC doctors are also associating in the efforts for all-round coordination.

Family members of those under treatment have been accommodated in NTPC guest houses and vehicles for transport have been provided to them.

At NTPC Human Capital is precious in terms of both sensitivity and productivity and gets priority above and over anything in the organization.


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JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it has supplied 23MW of high-

For AlsoEnergy, the top selling independent monitoring provider for commercial PV in North America, this partnership is an opportunity to extend international coverage for sales and support.

High voltage switchgear to support Saudi Arabia’s first integrated solar and natural gas power plant

The second annual conclave of Foreign Defence Attaches, jointly organised by Headquarters Integrated Defence Staff (HQ IDS) and defence portal BharatShakti.in, will be held at Manekshaw Centre in Delhi Cantonment between 930 hrs and 1430 hrs on November 20, 2017. Raksha Rajya Mantri Dr Subhash Bhamre is expected to address the inaugural function.

This will be followed by three technical sessions titled ‘Is India ready to absorb High-End Technology’, ‘Defence Exports: The Indian Experience’ and ‘Defence Technology and Models Abroad’.

It is expected to be attended by over 60 Foreign Defence Attaches, stalwarts of Indian public and private sector defence companies besides representatives of Foreign Original Equipment Manufacturers (OEMs). It will also hold a small exhibition of Indian defence products. The conclave, second in the series that began in 2016, is designed to facilitate productive engagement between users in foreign countries, defence stakeholders and analysts.

Among the speakers are representatives of Indian companies like Solar, Zen, Mazagon Docks, Ordnance Factories Board (OFB), Larsen & Toubro Defence, Tata Advance Systems, Bharat Forge and Foreign OEMs like Boeing, SAAB, Thales and BAE.

The valedictory address will be delivered by Chief of Integrated Defence Staff to the Chairman Chiefs of Staff Committee (CISC) Lt General Satish Dua.

NA/DK

The Ministry of New and Renewable Energy (MNRE), Government of India, in partnership with the Confederation of Indian Industry (CII), organised a panel discussion on ‘Innovative Financing and Market Evolution to achieve 175 GW renewables by 2022’ on 16th November 2017 at the India Pavilion at Conference of Parties (CoP) 23, Bonn, Germany.

Reaffirming India’s resolution to go ahead with the set agenda with determination and clarity, Shri C.K. Mishra, Secretary, Ministry of Environment, Forests and Climate Change, Government of India, said that India has been pursuing its goals of setting up renewable energy capacities and changing its energy mix, and will continue to do so to provide equitable sustainable development.

Speaking about the Government’s interventions, Dr. P.C. Maithani, Adviser, MNRE said that policies are being drafted on a continuous basis to address challenges as the market evolves. Giving examples of how the question is no longer about availability of finances but that of cheap finances, Shri K.S. Popli, CMD, Indian Renewable Energy Development Agency Limited (IREDA) said that the markets have matured and one indicator of that is seen in how the bond markets have progressed.

Dr. Ajay Mathur, DG, The Energy and Resources Institute (TERI) stressed upon the need to push for higher research in storage technology which could compliment the infirm renewable power. There is an imminent need to look at bringing down storage costs, he added.

India’s renewable energy journey has come a long way since it set its ambitious target of 175 GW by 2022. Prices of solar and wind have dramatically reduced to 3-4 cents per Kwh as against 9-12 per unit in 2013, even as capacities have scaled up to 47.5 GW. Policymakers and industry are now confident of accelerating this growth trajectory to provide electricity, along with storage, at an estimated Rs 5 per unit before 2025.

Explaining the scope of the renewables market, Shri Rahul Munjal, MD, Hero Futures Energy said that there has been an exponential expansion of the industry, with almost 10,000 firms operating in the ecosystem. This is a result of the market being conducive to business and investments. Echoing a similar thought and projecting high optimism, Shri Rajiv Ranjan Mishra, MD, CLP India said that renewables are becoming more an imperative for economies like India which have to reach power to large sections of the people. Shri Ratul Puri, Chairman, Hindustan Power Projects Pvt Ltd (HPPPL) highlighted the need to make power available at affordable rates and said that Indian industry is working towards achieving that goal.

The panel also included Mr Frank Determann, Principal Project Manager, KfW Development Bank; Shri Reji Pillai of India Smart Grid Forum, among others.

*****

RM/VM

The Minister of Commerce and Industry, Shri Suresh Prabhu is on a visit to Russia from November 15-17, to participate in the Shanghai Cooperation Organization Meeting of the Ministers of Member States responsible for Foreign Economic and Foreign Trade. The Minister of Commerce and Industry is also holding bilateral meetings during his visit. This is the first Ministerial Conference on Trade organized by the Shanghai Cooperation Organization after India became a full member of the Organization in June 2017. This is also Shri Prabhu’s first visit to Russia as Minister of Commerce and Industry.

During his visit, the Minister of Commerce and Industry met the Member of Board (Minister) for Trade of the Eurasian Economic Commission (EaEC), Ms. Veronika Nikishina on November 15 and discussed early start of negotiations of the Free Trade Agreement between India and the Eurasian Economic Commission, as well as the potential and opportunities for increasing trade cooperation.

On November 16 Shri Prabhu participated in a Round Table interaction with 30 of Russia’s leading business leaders. The companies that attended the Round Table were leaders in steel, engineering goods, railways, financial services, nuclear energy, agriculture, Venture Capitalists and trade promotion. The Minister told the gathering about the new initiatives of the Government of India, particularly with regard to ease of doing business, priority areas like financing in the nuclear energy sector, natural gas, railways, organizing Trade Fairs, agro-marketing etc. The business leaders participated enthusiastically in the discussion to strengthen bilateral economic cooperation between India and Russia. The Minister of Commerce and Industry invited the businessmen to take part in the Partnership Summit, in Vizag in India from 24-26 February 2018.

The Minister of Commerce and Industry also met the Minister for Economic Development of the Russian Federation, Mr. Maxim Oreshkin on November 16 and discussed the current level of bilateral trade between India and Russia and ways for its enhancement. They also discussed opportunities that the fast growing economy of India provides for doing business, particularly in the field of manufacturing. Earlier in day, Shri Prabhu also met the President of Skolkovo Foundation and Renova Group, Mr. Viktor Vekselberg and discussed production of solar panels, bottled Baikal water and renewable energy production.

The Minister will separately address a gathering of Russian Small and Medium Enterprises and a select group of Russian investors at Delovaya Russia today. He will also meet his other Russian counterpart, the Minister of Industry & Trade of the Russian Federation, Mr. Dennis Manturov. The discussions are likely to included ways to strengthen India- Russia Investment and collaboration in creating Joint Ventures under the Make in India initiative of the Government of India.

NW

In order to combat the growth of green house gas emission, the world is fast moving to the increased use of renewable energy sources.  However, there is increased concern that high penetration of renewable energy can cause disruptions in the existing power network due to their intermittent nature.  Technology solutions are, therefore, needed to address the challenges related to development design, integration, operation and management of grids which allows use of upto 100 percent renewable energy.

            Mission Innovation challenge on Smart Grids is collectively working to enable future smart grids powered by renewables.  20 participating countries with India, Italy and China as Co-lead are working together to realise this aspiration.  An international workshop is being organised during 16-19th November, 2017 at New Delhi to define research priorities and develop action plan for time bound action for realisation of these objectives. 

The Technical meeting of the event was inaugurated by Secretary-DST on 16th November, 2017 in presence of several dignitaries including Directors of IIT-Delhi and IIT-Roorkee. The participating countries Australia, China, Denmark, European Commission, Finland, India, Italy, Saudi Arabia, Sweden, United States of America , United Kingdom will present the status on smart grids.  With this background, the participants will deliberate on research needs and potential for collaboration in the domains of regional grids, distribution grids, micro-grids and cross innovations.  The modalities for greater private sector participation and enabling mechanisms will also be discussed besides incentivising the performing research activities.  The participating countries will resolve on future action plan and finalise technical contours of the Mission Innovation. A panel discussion with industrial experts is also planned.    

The Public Workshop of the event will be held on 18th November, 2017 where the outcomes of brainstorming session would be disseminated to the larger stake holder forum.   The Minister of State for Science, Technology and Earth Sciences, Shri Y.S.Chowdary, and Minister for Power, Shri R.K.Singh will inaugurate the exhibition showcasing achievements of industrial as well as R&D communities in the area.  Both the Ministers will share their perspectives on the topic and will be supplemented by representatives from Co-lead countries as well as Directors of IITs (Delhi, Kanpur and Roorkee). 

A Report on “Mission Innovation Smart Grids” activities, strategies and vision will also be released.  India’s collaborative programmes with United States and United Kingdom on the theme will also be formally launched.  The Forum will adopt New Delhi Declaration and as an initial step in this direction, collaboration agreement between RSC Italy and IIT-Roorkee, India will be signed.

***

RDS/nb 

·         SESSION ON “INDIAN TRANSPORT SECTOR: MARCHING TOWARDS SUSTAINABLE MOBILITY” WAS ORGANISED AT BONN, GERMANY

 

 

Ministry of Railways hosted a side event titled, “Indian Transport Sector: Marching towards sustainable mobility” at Conference of Parties (COP-23), Indian Pavilion at Bonn, Germany on 14th November 2017. Two sessions were organized as a part of this side event, first session highlighted efforts of Indian Railways towards a low carbon pathway and the second was dedicated to overall sustainable mobility initiatives in Indian transport sector. The event was attended by nearly 50 national and international participants. With eminent national and international speakers, policy makers, industry representatives etc., the sessions and discussions were engaging and thought provoking.

 

The discussions centered around the role of Indian transport sector, particularly the pivotal role of Indian Railways in contributing towards meeting India’s Nationally  Determined Contribution (NDC) target. The event started with an Audio-Visual film on Indian Railways showcasing key low carbon transport initiatives being taken by Indian Railways such as Electrification, Energy Efficiency initiatives, renewable energy deployment etc.   

 

In the session on “Green Transformation: Indian Transport paves the way”, Mr Ravindra Gupta, Member (Rolling Stock), Ministry of Railways, Government of India, who is on official tour to Germany, presented the quintessential role of Indian Railways in promoting sustainable mobility. He focused on the need for policy framework to stimulate modal shift. He stated that there needs to be an increasing role of renewables in Railways to achieve net decarbonization. He emphasized particularly on the innovative steps taken by Indian Railways by way of bio-toilets for having an open discharge free in line with mission of “Swachh Bharat” and an Open Defecation Free (ODF) India of Prime Minister of India, Shri Narendra Modi. Under the dynamic guidance of Minister of Railways, Shri Piyush Goyal the target for 100% completion of installing Bio-toilets in coaches has been advanced to December 2018.

 

The presentation by speakers was followed with interactive audience discussion. The key point emerging from the discussions was imperative to have a long term perspective of sustainability as a key factor in the future of mobility.

 

The session was organised in partnership with the Council on Energy, Environment and Water (CEEW) and The Energy and Resources Institute (TERI), as knowledge partners, FICCI as industry partner, and RITES as technical partner.

 

***

AKS/ENS

The Minister of Road Transport and Highways, Shipping and Water Resources, River Development & Ganga Rejuvenation Shri Nitin Gadkari has reiterated the Government’s commitment for speedy  completion of highways projects in Delhi NCR  in order to decongest the region and cut down vehicular pollution levels by nearly 50 percent. Shri Gadkari did an on the spot inspection of one such project - the NH 24 today, and briefed media persons near Akshardham temple.

Speaking on the occasion he   said that the first package of the NH 24 project stretching from Akshardham Temple to Delhi-UP border will be ready by December this year.  The 9 km, 14 lane highway is being completed in a record time of 14 months as against the earlier expected construction period of 30 months. This is also the first national highway in the country with 14 lanes, and has several features that would help reduce pollution. These include a 2.5 metre wide cycle track on either side of the highway, a vertical garden on the Yamuna Bridge, solar lighting system and watering of plants through drip irrigation only. Shri Gadkari said this highway will be developed further upto Lucknow, and will be a lifeline for the people of Uttarakhand and Uttar Pradesh. The highway will also reduce traffic congestion on the Delhi – Meerut route, which in turn will lower the pollution levels in the region, he said.

 

Shri Gadkari further said that work on the Eastern and Western Peripheral Expressways around Delhi is also going on at full speed, and the former is likely to be ready before 26th of January next year.  Once the NH-24 and the two peripheral expressways are ready, vehicles destined for neighbouring states will be able to bypass Delhi and this will reduce pollution by 50 percent.

 

The Minister also said that projects worth Rs 40,000 crore are being undertaken to decongest Delhi. These include plans for Dhaula Kuan stretch, Dwarka Expressway and a Ring Road for Delhi the cost for which will be borne jointly by the Centre and Delhi Government.

 

Apart from speedy construction of highways the Ministry is also taking other steps to check pollution arising from the highways sector. These include actively promoting the use of bio fuel driven vehicles and electric vehicles, greening of highways, covering construction sites to contain dust and promoting the use of waterways. He added that tenders have been issued for dredging of river Yamuna and linking Delhi and Agra through waterways.

 

Emphasizing  that ecology, economy and development should go side by side, Shri Gadkari said that these projects will pave the way for development, employment generation, cleaner atmosphere and hassle free travel for people.

 

Please Click here to see the details of Project.

 

***

NP/SP

Verano Capital, an American project developer headquartered in Santiago, announced  that the 47 MW solar project they initially developed was selected in Chile’s latest energy tender with a winning bid at $25.38/MWh, the lowest 24/7 block price combining solar and wind ever recorded in the history of energy tenders.

The twin-island state Antigua and Barbuda has taken a leading role in terms of clean energy supply in the Caribbean.

Tamarugal Solar Project in the Tarapacá region will provide reliable, non-intermittent electricity from solar energy 24-hours a day 

SolarXXL is an already well known and successful company for photovoltaics in Europe.

France’s EDF Renewable Energy (EN) has inaugurated the 146 MW Boléro solar plant in the Atacama Desert of Northern Chile, according to a press release.

Omron is ready to realise new photovoltaic business opportunities in Argentina.

BEIJING, Nov. 19, 2017 /PRNewswire/ -- Phoenix Finance, a leading FinTech company in China announces to embed a new information section into its signature Fengming Intelligent Information Engine to provide professional-advised financial analysis and trend forecast. By June 2017, over 50 of 600 applied projects and companies have been settled with Phoenix Finance, that 85% of them have achieved the corporate credit rating of AA or AAA, such as CPIC, Sunshine Insurance Group and Evergrande Group.

Driven by the great investment opportunities in China's Internet technology, Phoenix Finance made unprecedented progress to meet the ever increasing demands from global Chinese to wealth management and assets allocation in three major dimensions.

Dimension 1: Deliver Professional Perspective with Merged Information Channels

As a minority group in the U.S., Chinese Americans have limited wealth management options to choose from due to the information asymmetry, mismatch of products and services and high threshold for investment and cumbersome transaction processes in the financial market.

To better serve the local Chinese in the U.S., Phoenix Finance international site in North American is launched to provide latest local assets management resources and more solutions such as US real estate mortgage products to global Chinese investors. In the short future, the U.S. office will also take care of personal investment service to Chinese citizens who live in Southeast Asia. In 2016, Phoenix Finance will enrich European investment options with cooperation with Denmark Saxo Bank Group to balance the global asset allocation options.

Dimension 2: AI-empowered Finance Platform - Generates Intelligent and Personalized Wealth Management Solutions

Fengming Intelligent Information is launched online in September 2017, with AI + Big Data, it broke the dividing crest among news, finance and technology to apply the concept of intelligent finance at user level and officially launched the Phoenix Finance Fengming Intelligent Information to provide clear analytical charts with insights of applicable investment model and practical knowledge to foster objective financial logic with critical thinking empowered by AI algorithms. The intelligent information engine breaks the limits of separated sectional settings of financial news, financial transitions, and financial technology – to offer a one-stop solution to the majority of global Chinese users. The innovative platform design benefits from Peking University-Phoenix Intelligent Finance Lab which was co-funded by New Finance and Venture Capital Research Center of Peking University in 2016.

A series of cutting edge financial technologies has been fully rolled out in the middle and back-end system, covering several modules like channel management, user management, corporate risk control and financial management. "2 years of continually improvements of technical capabilities, Phoenix Finance now offers various financial platforms such as Fengfei Engine, Fengqi System, Fengyu Wanxiang Risk Control (Enterprise Edition), Fengyu Wanxiang Risk Control (Personal Edition) and Fengyan to better meet the entire market's demands." Vince Zhang, the president of Phoenix Finance said, "Phoenix Finance will enrich its wealth management solution with more data driven intelligent investment products as Zhenzhun Intelligent Investment and Chaowei Fund Lab, etc."

Dimension 3: Cooperating with outstanding financial, scientific research and commercial institutions at home and abroad to provide Safe, Efficient and Convenient Financial Services with Cutting-edge R&D Resources and Advancing International Strengths

Phoenix Finance effectively increases the diversity of global quality assets with a newly established cooperation agreement with Saxo Bank. Enhanced investment and transaction abilities rely on the multi-asset transaction technologies of Saxo Bank which allows investors to have more financial products available for transaction. Thus the cooperation enables to synchronously obtain products and information of the two business sectors - global stock market and fixed income from Saxo Bank.

Besides diverse international asset allocation options, Phoenix Finance also provides convenient tools to process and deal with the financial payment. By April 2017, Phoenix Finance reached a comprehensive strategic cooperation agreement with Bank of Beijing to smoothen the procedure of payment and settlement, e-account services, wealth management and financial service innovation.

"As one of the first members of the National Internet Finance Association of China under the People's Bank of China, Phoenix Finance adopts 'Serving Global Chinese' and 'Internet Financial Technology' as the two core engines of development," Vince Zhang, the President of Phoenix Finance said, "we will continue to adhere to the mission of serving global Chinese and the development strategy of 'one-stop intelligent financial platform' and strive to consummate and expand the financial ecosystem based on our revolutionary technologies that allowing each user to enjoy the 'financial' benefits in the era of science and technology."

About Phoenix Finance

Phoenix Finance, Chinese leading intelligent financial services company that provides AI-driven financial information and asset allocation services. More than 85 percent of clients have achieved the corporate credit rating of AA or AAA, including famous organizations and enterprises such as CPIC, Sunshine Insurance Group and Evergrande Group.

View original content:http://www.prnewswire.com/news-releases/fengming-intelligent-financial-information-platform-beefs-up-with-information-and-analysis-section-300559171.html

SOURCE Phoenix Finance

CAMBRIDGE, Anglie a DEERFIELD, Illinois, 19. listopadu 2017 /PRNewswire/ -- Společnosti Takeda a Cognition Kit dnes oznámily, že výsledky pilotního projektu MDD-5003, který měl vyhodnotit kognitivní funkce u pacientů s depresivní poruchou (MDD) s využitím zvláštních aplikací na náramkových hodinkách Apple Watch, budou představeny během summitu CNS 2017 v Boca Raton na Floridě, který se bude konat ve dnech 16. - 19. listopadu 2017.

Tato výhledová pozorovací studie zahrnovala 30 účastníků ve věku 18-65 let s klinickou diagnózou mírné až střední deprese, kterým byla předepsána antidepresiva na MDD. Studie měla dva hlavní cíle: vyhodnotit proveditelnost a slučitelnost a poznat, jakým způsobem se liší sledování nálady a stavu pomocí přenosných technologií od tradičnějšího neuropsychologického testování a vyhodnocení stavu pacienta po 6 týdnech. Účastníci byli vybaveni zařízením Apple Watch, na kterém byly denně prováděny krátké kognitivní a náladové testy.

Vědci poznamenali, že pacienti každý den plnili požadavky přenosného zařízení, které hodnotilo náladu (95 %) a kognici (96 %). Studie také prokázala, že zkrácené denní hodnocení poskytované přenosným zařízením odpovídalo objektivním kognitivním testům Cambridge Neuropsychological Test Automated Battery (CANTAB) a výsledkům PHQ-9 a PDQ-D s celkovou délkou sledování pacienta, které byly hodnoceny během 1., 3. a 6. týdne. Ve studii nebyly hlášeny žádné nežádoucí příhody.

„Jsme potěšeni, že lidé, kteří žijí s MDD, snášeli zařízení Cognition Kit na hodinkách Apple Watch tak dobře," řekl Ben Fehnert, ředitel společnosti Cognition Kit. „Stále se zaměřujeme na naše poslání porozumět duševnímu zdraví prostřednictvím pravidelných interakcí s mobilní a přenosnou technologií a předávání těchto informací do rukou pacientů, výzkumníků a zdravotnických odborníků."

„Tato iniciativa je vynikajícím příkladem pilotní práce, která probíhá u společnosti Takeda, s cílem vytvořit důkazy nových způsobů měření výsledků v oblasti duševního zdraví. Technologie nám umožní vytvořit objektivní měření v reálném čase pro posouzení účinků deprese, která by mohla proměnit péči o pacienta tím, že zvýší naši schopnost odhadnout klinické stavy a podporovat dřívější spolupráci mezi pacientem a lékařem. Výsledky studie jsou pro nás povzbudivé a těšíme se na další poznání v oblasti průniku technologií a zdravotní péče," řekla Nicole Mowad-Nassar, viceprezidentka pro externí partnerství společnosti Takeda Pharmaceuticals USA.

Vzhledem k průzkumné povaze zjištění této studie budou vznikat hypotézy, které budou přispívat k rozhodování o budoucích klinických studiích zahrnujících přenosné technologie.

O depresivní poruše

Podle amerického psychiatrického sdružení (APA), autorů Diagnostického a statistického manuálu duševních poruch (Diagnostic and Statistical Manual of Mental Disorders), páté vydání, revize textu (DSM-V), je MDD kombinací příznaků, které ovlivňují, jak se cítíte, jak myslíte a jak se chováte. Vedle depresivní nálady nebo smutku zahrnují příznaky MDD ztrátu zájmu, změny chuti k jídlu nebo hmotnosti, nespavost nebo závratě, ztrátu energie, neklid nebo zpomalení řeči a pohybů, pocity bezcennosti nebo viny, potíže při myšlení nebo rozhodování a myšlenky na sebevraždu. MDD zahrnuje pět nebo více z těchto příznaků s alespoň jedním zásadním příznakem depresivní nálady nebo ztráty zájmu či radosti.i

O společnosti Cognition Kit Limited

Cognition Kit je softwarová platforma pro mobilní a přenosné technologie, které slouží k častému zachycování stavu pacienta. Společnost Cognition Kit přenáší výzkum mimo laboratoř do každodenního života a napomáhá lékařům, vědcům a veřejnosti lépe pochopit a ovládat každodenní zdraví mozku a zlepšovat péči o pacienta. Cognition Kit je společným podnikem společností Cambridge Cognition a Ctrl Group.

www.cognitionkit.com

@CognitionKit

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O společnosti Takeda Pharmaceuticals U.S.A., Inc. 

Takeda Pharmaceutical Company Limited je globální farmaceutickou společností zaměřenou na zlepšení zdraví a budoucího života pacientů díky využití vědy k vytváření život měnících léků. Společnost Takeda zaměřuje svůj výzkum na onkologii, gastroenterologii a onemocnění centrálního nervového systému. Má také zvláštní vývojové programy pro zvláštní kardiovaskulární choroby, stejně jako vakcíny v pokročilé fázi vývoje. Společnost Takeda provádí výzkum a vývoj jak interně, tak i s partnery, aby tak zůstali v popředí inovací. Nové inovační výrobky, obzvláště z oblasti onkologie a gastroenterologie, stejně jako jejich přítomnost na rozvíjejících se trzích, jsou motorem růstu společnosti Takeda. Více než 30 000 zaměstnanců společnosti Takeda usiluje o zlepšování kvality života pacientů ve spolupráci s našimi partnery ve zdravotnictví ve více než 70 zemích. Pro více informací navštivte webové stránky http://www.takeda.com/news.

Takeda Pharmaceuticals U.S.A., Inc. sídlí v Deerfieldu ve státě Illinois a je americkou obchodní organizací společnosti Takeda Pharmaceutical Company Limited.

Další informace o společnosti Takeda naleznete na firemních webových stránkách www.takeda.com a další informace o společnosti Takeda Pharmaceuticals U.S.A., Inc. naleznete na jejích webových stránkách www.takeda.us.

i Diagnostický a statistický manuál duševních poruch (DSM-5). (5. vydání, 155-188). Americká psychiatrická asociace, 2013.

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SOURCE Takeda Pharmaceuticals U.S.A., Inc.

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CAMBRIDGE, Anglia i DEERFIELD, Illinois, 18 listopada 2017 r. /PRNewswire/ -- Firmy Takeda i Cognition Kit ogłosiły dziś, że w trakcie szczytu CNS 2017 w Boca Raton w stanie Floryda, który odbędzie się w dniach 16-19 listopada 2017 r. opublikują wyniki badania pilotażowego MDD-5003 opartego na ocenie danych kognitywnych i samopoczucia przy wykorzystaniu urządzenia Apple Watch u pacjentów z ciężkimi zaburzeniami depresyjnymi.

W badaniu pilotażowym wzięło udział 30 uczestników w wieku od 18 do 65 lat zdiagnozowanych z lekkimi do średnich zaburzeń depresyjnych, którym przepisano monoterapeutyczne środki antydepresyjne w związku ze stanem chorobowym. Badanie miało dwa podstawowe cele: ocena wykonalności i stosowania się badanych do zaleceń pomiarów nastroju i wskaźników kognitywnych oraz zrozumienie, jak mierzenie nastroju i funkcji kognitywnych przez urządzenia ubieralne wypada w porównaniu do bardziej tradycyjnych testów neuropsychologicznych oraz ocen pacjentów dotyczących zgłaszanych objawów depresji po 6 tygodniach. Pacjenci otrzymali urządzenia Apple Watch, na których dokonywano krótkich badań kognitywnych i samopoczucia każdego dnia.

Badacze dowiedli, że pacjenci stosowali się do zalecanych codziennych pomiarów samopoczucia (95%) i wskaźników kognitywnych (96%) na urządzeniu. Badanie potwierdziło także, że skrócone codzienne testy dokonywane na urządzeniu były zgodne z obiektywnymi testami kognitywnymi Cambridge Neuropsychological Test Automated Battery (CANTAB) oraz pełnymi, zgłoszonymi przez pacjentów wynikami PHQ-9 i PDQ-D w tygodniach 1, 3 i 6. W badaniu nie zaobserwowano żadnych zdarzeń niepożądanych.

– Bardzo cieszymy się z tego, że osoby cierpiące na ciężkie zaburzenia depresyjne tak dobrze współpracowały z Cognition Kit na Apple Watch – skomentował Ben Fehnert, dyrektor w firmie Cognition Kit. – Ciągle pracujemy nad naszą misją zrozumienia zdrowia psychicznego przez regularne interakcje z urządzeniami mobilnymi i ubieralnymi. Chcemy, aby informacje z tych urządzeń trafiły w ręce pacjentów, badaczy i pracowników służby zdrowia – dodał dyrektor.

– Ta inicjatywa jest wspaniałym przykładem inicjatyw pilotażowych podejmowanych w Takeda w celu zebrania dowodów na możliwość wprowadzenia nowych sposobów oceny wyników w zdrowiu psychicznym. Technologia pozwala nam na tworzenie obiektywnych mierników w czasie rzeczywistym, które umożliwiają ocenę objawów depresji. Takie rozwiązania mogą zmienić oblicze opieki nad pacjentami, zwiększając nasze możliwości szacowania stanu klinicznego i umożliwiając współpracę pacjenta z lekarzem na wcześniejszym etapie. Wyniki badań są zachęcające i nie możemy się doczekać odkrycia więcej na temat tego, co technologia i opieka zdrowotna mają wspólnego – skomentowała Nicole Mowad-Nassar, wiceprezes ds. współpracy zewnętrznej w firmie Takeda Pharmaceuticals U.S.A.

Ze względu na odkrywczy charakter wyników badań będą one wykorzystane do tworzenia hipotez i przyczynią się do podejmowania decyzji na temat przyszłych badań klinicznych z wykorzystaniem urządzeń ubieralnych.

O ciężkich zaburzeniach depresyjnych

Według Amerykańskiego Towarzystwa Psychiatrycznego (APA), które opublikowało podręcznik diagnostyczny i statystyczny zaburzeń psychicznych, piąta edycja, tekst po zmianach (DSM-V) ciężkie zaburzenia depresyjne obejmują obecnie połączenie symptomów wpływających na samopoczucie, myślenie i działanie. Poza obniżonym samopoczuciem lub smutkiem do objawów zaburzenia należą utrata zainteresowań, zmiany apetytu lub wagi, bezsenność lub nadmierna senność, utrata energii, pobudzenie lub spowolniona mowa i ruchy, poczucie bezwartościowości lub winy, problemy z myśleniem lub podejmowaniem decyzji oraz występowanie myśli samobójczych. Ciężkie zaburzenia depresyjne wymagają wystąpienia co najmniej pięciu z powyższych objawów, w tym co najmniej jednego głównego symptomu, czyli obniżonego samopoczucia lub utraty zainteresowań albo odczuwania przyjemności i.

O Cognition Kit Limited

Firma Cognition Kit tworzy oprogramowanie na urządzenia mobilne i ubieralne w celu gromadzenia danych na temat leczenia pacjentów o dużej częstotliwości. Oprogramowanie Cognition Kit pozwala badaniom na wykroczenie poza mury laboratoriów i wkroczenie w codzienne życie, co z kolei umożliwia lekarzom, naukowcom i szerszej publice na lepsze zrozumienie i zarządzanie codziennym zdrowiem mózgu. Cognition Kit to spółka typu joint venture Cambridge Cognition i Ctrl Group.

www.cognitionkit.com

@CognitionKit

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O Takeda Pharmaceuticals U.S.A., Inc. 

Takeda Pharmaceutical Company Limited to globalna firma farmaceutyczna, którą napędzają badania i rozwój. Firma oddana jest celowi podnoszenia poziomu zdrowia i przynoszenia lepszej przyszłości pacjentom przez przekładanie nauki na przełomowe leki. Firma Takeda skupia prowadzone przez siebie badania na onkologii, gastroenterologii oraz terapeutyce centralnego układu nerwowego. Ponadto firma prowadzi specjalne programy badawcze w specjalizacji chorób układu sercowo-naczyniowego oraz kandydatów do szczepionek w późnych stadiach. Firma Takeda prowadzi badania i rozwój zarówno wewnętrznie, jak i z partnerami w celu utrzymania się w czołówce postępu. Innowacyjne produkty zwłaszcza w zakresie onkologii i gastroenterologii, a także obecność na rynkach wschodzących są paliwem wzrostu firmy Takeda. Ponad 30 000 pracowników firmy z oddaniem pracuje nad podnoszeniem poziomu życia pacjentów. Firma Takeda współpracuje z partnerami w służbie zdrowia w ponad 70 krajach. Więcej informacji można znaleźć na stronie http://www.takeda.com/news.

Takeda Pharmaceuticals U.S.A., Inc. ma swoją siedzibę w Deerfield, w stanie Illinois i jest amerykańską spółką handlową Takeda Pharmaceutical Company Limited.

Dodatkowe informacje na temat firmy Takeda można znaleźć na stronie www.takeda.com, a dodatkowe informacje na temat Takeda Pharmaceuticals U.S.A., Inc. dostępne są na stronie www.takeda.us.

i Źródło: Diagnostic and Statistical Manual of Mental Disorders (DSM-5). (5th ed., 155-188). America Psychiatric Association, 2013.

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SOURCE Takeda Pharmaceuticals U.S.A., Inc.

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CAMBRIDGE, Anglicko, a DEERFIELD, Illinois, 17. novembra 2017 /PRNewswire/ -- Spoločnosti Takeda a Cognition Kit dnes oznámili, že počas vrcholného stretnutia CNS 2017 v Boca Raton na Floride, ktoré sa bude konať od 16. do 19. novembra 2017 budú prezentovať výsledky pilotnej štúdie MDD-5003 posudzujúcej kognitívne dáta a hodnotenie nálady pomocou hodiniek Apple Watch na rukách pacientov s epizódami ťažkej depresie (MDD).

Prospektívnej pozorovacej štúdie sa zúčastnilo 30 účastníkov vo veku 18-65 rokov s klinickou diagnózou miernej až stredne ťažkej depresie, ktorým bola predpísaná antidepresívna monoterapia pre MDD. Štúdia mala dva spoločné primárne ciele: zhodnotiť realizovateľnosť a dodržiavanie režimu zo strany účastníkov pri posudzovaní nálady a kognícií pomocou nositeľných technológií; a porovnať merania nálady a kognícií pomocou nositeľnej technológie s použitím tradičných neuropsychologických testov a výsledkov nahlásených pacientami v súvislosti so symptómami depresie po 6 týždňoch. Účastníkom boli poskytnuté hodinky Apple Watch, na ktorých si denne vykonávali krátke kognitívne testy a hodnotenie nálady.

Výskumníci zistili, že pacienti dodržiavajú denný režim realizovaný pomocou nositeľnej pomôcky a pravidelne si vykonávajú hodnotenie nálady (95%) a kognícií (96%). Štúdia tiež preukázala, že skrátené denné hodnotenia realizované prostredníctvom nositeľnej technológie zodpovedali kognitívnym testom Cambridge Neuropsychological Test Automated Battery (CANTAB) a výsledkom PHQ-9 a PDQ-D v plnom rozsahu, podľa hodnotenia počas 1., 3. a 6. týždňa. V štúdii neboli hlásené žiadne nežiaduce udalosti.

„Sme veľmi radi, že ľudia, ktorí žijú s MDD, interagujú so softvérom Cognition Kit na Apple Watch tak dobre," povedal Ben Fehnert, riaditeľ spoločnosti Cognition Kit. „Aj v budúcnosti sa budeme zameriavať na naše poslanie porozumieť duševnému zdraviu prostredníctvom pravidelných interakcií s mobilnou a nositeľnou technológiou a poskytnúť tieto informácie pacientom, výskumníkom a zdravotníckym pracovníkom."

„Táto iniciatíva je vynikajúcim príkladom pilotnej práce, ktorá sa uskutočňuje v spoločnosti Takeda, aby sme vytvorili dôkazy o nových spôsoboch merania výsledkov v oblasti duševného zdravia. Technológia nám umožňuje vytvoriť objektívne merania v reálnom čase na posúdenie účinkov na depresiu, ktoré by mohli zmeniť starostlivosť o pacientov tým, že zdokonalíme vlastné možnosti odhadovať klinické stavy a podnietiť skoršiu interakciu medzi pacientom a lekárom. „Výsledky výskumu sú povzbudivé a tešíme sa, že sa dozvieme viac o presahoch medzi technológiou a zdravotnou starostlivosťou," povedala Nicole Mowad-Nassarová, viceprezidentka pre externé partnerstvá v spoločnosti Takeda Pharmaceuticals USA

Vzhľadom na ich výskumnú povahu, budú zistenia tejto štúdie v budúcnosti slúžiť na tvorbu hypotéz a prispejú k rozhodovaniu o budúcich klinických štúdiách zahŕňajúcich nositeľnú technológiu.

O epizóde ťažkej depresie

Podľa americkej psychiatrickej asociácie (APA), autorov Diagnostického a štatistického manuálu duševných porúch, piatej edície, revízie textu (DSM-V) je MDD kombináciou príznakov, ktoré ovplyvňujú to, ako sa cítite, ako myslíte a ako konáte. Okrem depresívnej nálady alebo smútku príznaky MDD zahŕňajú stratu záujmu, zmeny chuti do jedla alebo hmotnosti, nespavosť alebo závrat, stratu energie, nepokoj alebo spomalenie prejavu a pohybov, pocity bezcennosti alebo viny, ťažkosti s uvažovaním alebo rozhodovaním a myšlienky na samovraždu. MDD zahŕňa päť alebo viac z týchto príznakov s aspoň jedným hlavným príznakom buď depresívnej nálady, alebo stratou záujmu alebo radosti.i

O spoločnosti Cognition Kit Limited

Cognition Kit je softvérová platforma pre mobilné a nositeľné technológie, navrhnutá na zachytenie dát o pacientoch s vysokou frekvenciou. Cognition Kit prenáša výskum z laboratórií do každodenného života, čím umožňuje lekárom, vedcom a verejnosti lepšie chápať a udržiavať duševné zdravie a zlepšiť starostlivosť o pacientov. Cognition Kit je spoločný podnik medzi Cambridge Cognition a Ctrl Group.

www.cognitionkit.com

@CognitionKit

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O spoločnosti Takeda Pharmaceuticals U.S.A., Inc.

Takeda Pharmaceutical Company Limited je globálna farmaceutická spoločnosť na báze výskumu a vývoja odhodlaná skvalitňovať zdravie a prinášať lepšiu budúcnosť pacientom transformáciou vedeckých poznatkov do medicíny, ktorá mení život. Takeda sa v oblasti výskumu sústredí na oblasť onkológie, gastroenterológie a centrálnu nervovú sústavu. Má tiež špecifické rozvojové programy zamerané na konkrétne kardiovaskulárne ochorenia a kandidátov na vakcíny v neskorom štádiu. Spoločnosť Takeda realizuje výskum a vývoj interne aj s partnermi, aby si udržala vedúcu pozíciu na poli inovácií. Rast spoločnosti Takeda zabezpečujú hlavne inovatívne produkty, najmä v onkológii a gastroenterológii a jej prítomnosť na novovznikajúcich trhoch. Viac ako 30 000 zamestnancov spoločnosti Takeda a partnerov z oblasti zdravotnej starostlivosti pracuje v záujme zlepšenia kvality života pacientov vo viac ako 70 krajinách. Viac informácií nájdete na: http://www.takeda.com/news.

Takeda Pharmaceuticals U.S.A., Inc. má sídlo v Deerfield, Ill. a je americkou obchodnou organizáciou spoločnosti Takeda Pharmaceutical Company Limited.

Ďalšie informácie o spoločnosti Takeda nájdete na oficiálnej webovej stránke tejto spoločnosti: www.takeda.com a dodatočné informácie o spoločnosti Takeda Pharmaceuticals U.S.A., Inc. nájdete na jej oficiálnych webových stránkach: www.takeda.us

i Diagnostic and Statistical Manual of Mental Disorders (DSM-5). (5th ed., 155-188). America Psychiatric Association, 2013.

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SOURCE Takeda Pharmaceuticals U.S.A., Inc.

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The global wireless power transmission market is projected to witness the growth at a CAGR of 19.29% during the forecast period to reach a total market size of US$15.856 billion by 2022, increasing from US$6.563 billion in 2017.

The application of consumer electronics such smartphones, laptops, tablets etc. have been driving the growth of this market. However, the realization of a possibility of wireless power charging in other segments is majorly driving the growth of global wireless power transmission market during the forecast period. Moreover, rising consumer awareness regarding the benefits of wireless charging is supplementing the growth of this market.

Wireless-power transmission poses a huge potential for the future. In the near term, the consumer electronics segment is driving this market, where it is primarily used for charging portable devices, including smartphones, tablets, and wearable electronics. Wearable devices, also called tech togs or fashion electronics, are clothing and accessories incorporating computers and advanced electronics.

However, in the long term, a huge scope of opportunities can be expected from the development and integration of wireless-power transmission in other applications, including healthcare, defense and automotive. For example, wireless charging for electric vehicles is beginning to emerge as an alternative to plugging in. Wireless charging enables energy transfer between a charging base and the vehicle's battery.

The global wireless power transmission market is competitive owing to the presence of well-diversified international, regional and local players. However, some big international players dominate the market share owing to their brand image and market reach. The high market growth and favorable government policies are further attracting more players in the market while enhancing the competitive rivalry. The competitive landscape details strategies, products, and investments being done by key players in different technologies and companies to boost their market presence.

Segmentation

By Technology

  • Magnetic Induction
  • Coupled Resonant
  • RF Rectifying Circuits
  • Laser Power Transmission

By Range

  • Short Range
  • Medium Range
  • Long Range

By Application

  • Consumer Electronics
  • Industrial
  • Automotive
  • Defence
  • Others

Companies Mentioned

  • Samsung Electronics Co. Ltd
  • WiTricity Corporation.
  • TDK Corporation
  • Murata Manufacturing Co. Ltd
  • Fulton Innovation LLC
  • Energous Corporation
  • Texas Instruments Incorporated
  • Integrated Device Corporation

For more information about this report visit https://www.researchandmarkets.com/research/s57nws/wireless_power

Media Contact:

Research and Markets
Laura Wood, Senior Manager
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SAN JOSE, Calif., Nov. 17, 2017 /PRNewswire/ -- Zephyr, the industry leader in testing and development markets, announces the latest release of the company's Enterprise product with features designed to further enhance QA/DEV team collaboration and end-to-end visibility. 

Zephyr 6.0 is the 3rd product release in 2017, representing the company's robust development capabilities and commitment to anticipating customer needs and aspirations.

"Our product roadmap is a direct reflection of our ongoing dialogue with clients and focus on data driven insights. I'm proud of the team's ability to deliver on our aggressive product roll out schedule while upholding the ease and intuitive interface that our customers have grown accustomed to," says Scott Johnson, CEO of Zephyr.   

Zephyr Enterprise is available in cloud, server and data center deployment options.  For more information contact This email address is being protected from spambots. You need JavaScript enabled to view it. 

Zephyr 6.0 Key Features Include:

  • Test Case Sharing allowing more efficient re-use of test cases across software releases
  • Test Case Versioning tracking the full history throughout the development lifecycle
  • Agile Defect Tracking Module facilitating increased velocity and alignment between QA and Dev
  • Agile Real Time Analytics providing the industry's first end-to-end visibility in agile sprints and releases with drill down capabilities
  • Modular HP Data Migration HP-ALM to Zephyr Enterprise Migration Adapter to allow customers to customize the import all of their HP test data into Zephyr
  • CXO Dashboard Enhancements with gadget based views for all levels of management
  • One-click Automation Integration with over 30 test automation frameworks for reporting quality across the DevOps pipeline

About Zephyr

Zephyr is a leading provider of enterprise quality management solutions for more than 12,000 global customers across 100 countries. Product and IT teams of all sizes use Zephyr's products to manage critical aspects of their testing lifecycle to release high quality software, faster.  Zephyr's feature rich products address today's dynamic and global needs across a variety of industries including finance, healthcare, media, mobile, IT services, and enterprise software.  Zephyr is headquartered in San Jose, CA with offices in King of Prussia, PA, Europe, and India. For more information, please visit www.getzephyr.com

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SHANGHAI, Nov. 15, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS), a global leader in the solar PV industry, today announced that all shareholders resolutions proposed at the Company's 2017 annual general meeting held today were duly passed. Specifically, the shareholders passed the following resolutions approving:

  1. The re-election of Mr. Longgen Zhang as a director of the Company;
  2. The re-election of Mr. Yingqiu Liu as a director of the Company;
  3. The ratification of the appointment of PricewaterhouseCoopers Zhong Tian LLP as auditors of the Company for the fiscal year of 2017;
  4. The authorization of the directors of the Company to determine the remuneration of the auditors; and
  5. The authorization of each of the directors of the Company to take any and all action that might be necessary to effect the forgoing resolutions 1 to 4 as such director, in his or her absolute discretion, thinks fit.

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is a global leader in the solar industry. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial, and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 6.0 GW for silicon ingots and wafers, 4.5 GW for solar cells, and 7.5 GW for solar modules, as of June 30, 2017.

JinkoSolar has over 15,000 employees across its 8 production facilities in China (5), Malaysia, Portugal, and South Africa; 16 overseas subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia, South Africa and United Arab Emirates; and 18 global sales offices in China (2), United Kingdom, Bulgaria, Greece, Romania, United Arab Emirates, Jordan, Saudi Arabia, Kuwait, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Brazil, and Mexico.

To find out more, please see: www.jinkosolar.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

In China:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
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Mr. Christian Arnell
Christensen
Tel: +86 10 5900 2940
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In the U.S.:
Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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SOURCE JinkoSolar Holding Co., Ltd.

SHANGHAI, Nov. 8, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd.(NYSE: JKS) ("JinkoSolar" or the "Company"), a global leader in the photovoltaic (PV) industry attended the 19th China International Industry Fair (CIIF) that opened in Shanghai today. JinkoSolar, as the world's largest solar module producer, showcased a suite of "Intelligent Manufacturing" innovations including MES system, smart devices, facility monitoring, smart factory, robotic workstations, quality traceability capabilities, and many more. At CIIF, JinkoSolar also announced that it has broken its own world record for P-type monocrystalline PERC solar cell efficiency by achieving that of 23.45%. The record was independently validated by the Chinese Academy of Sciences' Photovoltaic and Wind Power System Quality Test Center. This new achievement eclipses JinkoSolar's world record breaking P-Type monocrystalline PERC solar cell efficiency of 22.78% that was achieved just last month in October. JinkoSolar's previous successes clearly did not stop the company's pursuit of further excellence.

Closely adhering to the principles of Industry 4.0 and "Made in China 2025", JinkoSolar introduced new applications of cutting-edge technology such as IoT devices, intelligent mobile devices, and mobile robots to its manufacturing process. The innovative applications allows JinkoSolar to consolidate data collection, enable yield traceability, improve workflow efficiency, and optimize material transportation, which ultimately allows the company to continuously enhance its fab operating efficiency. Following through with its commitment to manufacturing excellence, JinkoSolar has further integrated functions such as advanced data analytics, smart diagnostics, self-reporting, and precise forecasting, with its operational know-how. The integration has revolutionized JinkoSolar's fab operations from "Automated" to "Intelligent", allowing the company to achieve greater efficiency, flexibility and quality, maximize cost effectiveness, and accelerate overall innovation.

Through agile and intelligent operations, JinkoSolar continues its drive towards manufacturing excellence. The company's sophisticated agile operation system has integrated demand and capacity modeling, lean manufacturing, and lot dispatching and scheduling to provide short cycle time, stable manufacturing and on-time delivery. The system also provides greater flexibility to quickly support customers' urgent pull-in requests.

"World records have been shattered again and again at JinkoSolar as the company has broken five world records in cell and module efficiency just this year. Now with assistance of intelligent manufacturing, we can translate these world record learnings into mass production, which will undoubtedly make a big splash in the market.' commented Kangping Chen, CEO of JinkoSolar," As the world's largest solar PV company, JinkoSolar has mastered its physical production processes and products. However, JinkoSolar has not stopped pioneering evident in the successful development and implementation of its own digitalization strategy. Effective introduction and implementation of smart manufacturing will help JinkoSolar further improve its production flows. Excellent technological know-how, manufacturing capacity, and customer loyalty that build on them are the foundation of JinkoSolar current success. Data-driven innovations will be the foundation of its future success."

For investor and media inquiries, please contact:

Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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SOURCE JinkoSolar Holding Co., Ltd.

KUALA LUMPUR, Malaysia, Oct. 31, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (NYSE: JKS) (the "Company," or "JinkoSolar"), a global leader in the solar PV industry, today announced that it was invited as the sole PV module manufacturer to deliver a keynote address at the Sustainability Summit Asia hosted by The Economist in Kuala Lumpur, Malaysia. The Sustainability Summit Asia will, among various issues, discuss China's current leadership position in the global renewable energy space and its implications for Southeast Asian nations. As the only PV module manufacturer slated to speak at the summit, JinkoSolar will share its outlook on the renewable energy industry in China, particularly recent advancements in solar research and development, manufacturing, and deployment. Furthermore, JinkoSolar will highlight how technical progress in PV will affect public and private sector solar advancement in other developing countries.

JinkoSolar, as the world's largest solar module manufacturers, and other Chinese solar companies have made great contribution to scale up PV technologies and drive down the cost of solar power. In addition, following China's Belt and Road Strategy, JinkoSolar has made heavy investments abroad and built its largest overseas production facility in Malaysia. JinkoSolar'sMalaysia production facility has a solar cell manufacturing capacity of 1.5 GW and module manufacturing capacity of 1.3 GW, creating over 4000 jobs for the local community.

Through representing the renewable energy industry at various global conferences, JinkoSolar has not only elevated its own international profile, but has also raised public knowledge, awareness, and engagement about sustainability issues. From co-chairing the B20 Energy, Climate, and Resource Efficiency taskforce earlier this year to attending the World Bank Private Sector Liaison Officers Energy Mission earlier this month, JinkoSolar has provided private sector insights on the global energy transition. JinkoSolar's invitation to speak at the Sustainability Summit Asia reflects the company's stature as a leader in the photovoltaic industry.   

For investor and media inquiries, please contact:

In China:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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SOURCE JinkoSolar Holding Co., Ltd.

SHANGHAI, Oct. 25, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (NYSE: JKS) (the "Company," or "JinkoSolar"), a global leader in the solar photovoltaic industry, today announced that it has broken multiple solar technology world records. In an attempt independently verified by the Chinese Academy of Science Testing Laboratory, JinkoSolar broke the existing world record by achieving conversion efficiency of 22.78% on P-type monocrystalline PERC solar cells. This marks the second time in 2017 that JinkoSolar has broken a world record in solar cell conversion efficiency after achieving the 22.04% conversion efficiency record on P-type polycrystalline PERC solar earlier in the year. These recent milestones follow JinkoSolar's earlier successes verified by TUV Rheinland where the company achieved a P-type 60-cell monocrystalline module output of 356.5 W and a P-type 60-cell polycrystalline module output of 347.6 W.

JinkoSolar's improvement in P-type PERC solar cell conversion efficiency was enabled by the application of several advanced cell technologies, including high quality P-type silicon wafer and bulk passivation technology, multi-layer ARC technology, selective emitter technology, and fine-finger metallization technology. Among the various techniques utilized, the application of the selective emitter structure and fine-finger metallization significantly minimized the energy losses caused by recombination. The open circuit voltage and conversion efficiency of the solar cell was also greatly improved as a result. The utilization of advanced multi-layer ARC technology, an innovation developed by JinkoSolar, made further contributions to the efficiency increase. Ultimately, the solar module power output improvement was achieved by cell efficiency increases, cell-to-module electrical optimization, and internal light management techniques.

Mr. Kangping Chen, CEO of JinkoSolar, commented, "Driven by the rapid development of the solar technical and commercial landscape in recent years, JinkoSolar has utilized its technical leadership as a springboard to make jumps in the global industry. We've also greatly strengthened our leadership position in terms of photovoltaic research and development with an advanced manufacturing process, faster mass production speeds, and better quality control than our peers. These advantages have allowed JinkoSolar to reach unprecedented heights in terms of module shipment numbers. JinkoSolar remains committed to advancing its research and development program. We plan to apply what we've learned from our successful world record attempts in a test production environment. We will then rapidly seek the mass application of our new technologies to further bring down the cost per watt of our modules. I am confident that JinkoSolar will become the industry leader in both research and development and advanced manufacturing." 

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is a global leader in the solar industry. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 6.0 GW for silicon ingots and wafers, 4.5 GW for solar cells, and 7.5 GW for solar modules, as of June 30, 2017.

JinkoSolar has over 15,000 employees across its 8 productions facilities in China (5), Malaysia, Portugal and South Africa, 16 oversea subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia, South Africa and United Arab Emirates, and 18 global sales offices in China (2) ,United Kingdom, Bulgaria, Greece, Romania, United Arab Emirates, Jordan, Saudi Arabia, Kuwait, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Brazil and Mexico.

To find out more, please see: www.jinkosolar.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

In China:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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SOURCE JinkoSolar Holding Co., Ltd.

WASHINGTON, Oct. 23, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (NYSE: JKS) (the "Company," or "JinkoSolar"), a global leader in the solar PV industry, today announced that it was invited to attend the World Bank'sPrivate Sector Liaison Officers (PSLO) Energy Mission Conference hosted at the World Bank Headquarters in Washington D.C. from October 23-25th, 2017. The conference will focus on the topic of "Financing in the Renewable Energy and Energy Efficiency Sectors" and will be attended by representatives from the World Bank, the Inter-American Development Bank, the Asian Development Bank, the Millennium Challenge Corporation, and other international energy corporations.

With over 100 participants from over 85 countries, the conference is a global dialogue focused on energy investment opportunities by international financial institutions. As the world's largest solar module manufacturer, JinkoSolar was invited to represent the renewable energy industry and to share practical insight from a private sector perspective.

Given its status as the world's largest solar module manufacturer, JinkoSolar has been invited to attend an array of high-profile conferences in recent years. From co-chairing the B20 Energy, Climate, and Resource Efficiency taskforce to speaking at the BIRCS Summit earlier this year, JinkoSolar has represented the renewable energy industry well and shared valuable insight on the industry's development. JinkoSolar's focus on high-end technology, technical innovation, global expansion, and sustainable development has won the recognition of the entire industry.

"We are honored to be invited to such an esteemed dialogue with the global banking community. The invitation to JinkoSolar is an affirmation of the important work the renewable energy industry is doing. At the conference, we hope to bring valuable insights on recent advancements in solar deployment. Furthermore, we hope to aid the global sustainable development conversation that will soon affect every aspect of people's lives and the global economies" Kangping Chen, CEO of JinkoSolar said.

To find out more, please see: www.jinkosolar.com

For investor and media inquiries, please contact:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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SOURCE JinkoSolar Holding Co., Ltd.

SHANGHAI, Oct. 16, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the photovoltaic (PV) industry, today announced that it supplied 12.7 MW of PV modules to Hitachi Systems, Ltd.("Hitachi Systems"), a subsidiary of Hitachi, Ltd., for a solar plant owned by Farmdo Corporation("Farmdo") in Ulan Bator, Mongolia. 

JinkoSolar delivered 12.7 MW of its high efficiency PERC modules and custom built 36-cell and 48-cell dual glass modules. This shipment marks JinkoSolar's first to the country. The power plant is the country's first utility scale solar plant which covers 28 hectares of land and is expected to be connected to the grid in November 2017. Supported by the Japanese Ministry of the Environment, 40% of the project's construction fees will be financed using a government subsidy. JinkoSolar is currently bidding as a competitive candidate for two other projects managed by Hitachi Systems where construction is expected to begin in 2018.

"Mongolia's abundant resources and vast steppe make it an ideal location for developing the local economy through solar power generation," commented Mr. Fujimoto Kazuaki, Division General Manager of Hitachi Systems' Facility Solutions Division. "A steady and reliable supply of electricity is essential for economic development. We are proud to have the opportunity to take part in Farmdo's solar farm project and support renewable energy businesses across the nation. JinkoSolar's global presence, extensive experience in solar power generation, diversified products and strong R&D capabilities ensure that their modules will work reliably even in the harshest of environments. Our partnership with JinkoSolar was essential in making this project a success."

"We are very pleased to have the opportunity to cooperate with Hitachi Systems on this project," commented Mr. Gener Miao, Vice President Global Sales and Marketing of JinkoSolar. "This is a big step for us in expanding our presence in Mongolia. We look forward to creating a bright future for solar energy there."

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is a global leader in the solar industry.  JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial, and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions.  JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 6.0 GW for silicon ingots and wafers, 4.5 GW for solar cells, and 7.5 GW for solar modules, as of June 30, 2017.

JinkoSolar has over 15,000 employees across its 8 production facilities in China (5), Malaysia, Portugal, and South Africa; 16 overseas subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia, South Africa and United Arab Emirates; and 18 global sales offices in China (2), United Kingdom, Bulgaria, Greece, Romania, United Arab Emirates, Jordan, Saudi Arabia, Kuwait, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Brazil, and Mexico.

To find out more, please see: www.jinkosolar.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

In China:

Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Mr. Christian Arnell
Christensen, Beijing 
Tel: +86 10 5900 2940
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

In the U.S.:

Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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SOURCE JinkoSolar Holding Co., Ltd.

8Point3 Energy Partners LP News Releases

http://ir.8point3energypartners.com/ 8Point3 Energy Partners LP News Releases en

8point3 Energy Partners Reports Third Quarter 2017 Results

http://ir.8point3energypartners.com/news-releases/news-release-details/8point3-energy-partners-reports-third-quarter-2017-results Partnership Raises 2017 Financial Guidance Increased Third Quarter Distribution by 3.0 percent over Second Quarter Distribution SAN JOSE, Calif. , Oct. 4, 2017 /PRNewswire/ --  8point3 Energy Partners LP (NASDAQ:CAFD) today announced financial results for its third fiscal quarter ended August 31, Wed, 04 Oct 2017 16:05:00 -0400 8Point3 Energy Partners LP News Releases 7391

8point3 Energy Partners Declares 3.0 Percent Increase in Quarterly Distribution

http://ir.8point3energypartners.com/news-releases/news-release-details/8point3-energy-partners-declares-30-percent-increase-quarterly-2 SAN JOSE, Calif. , Sept. 22, 2017 /PRNewswire/ --  8point3 Energy Partners LP (NASDAQ:CAFD) announces that the Board of Directors of its general partner declared a cash distribution for its Class A shares of $0.2721 per share for the third quarter of 2017.  This represents an increase of Fri, 22 Sep 2017 08:05:00 -0400 8Point3 Energy Partners LP News Releases 7376

8point3 Energy Partners to Announce Third-Quarter Results on October 4, 2017

http://ir.8point3energypartners.com/news-releases/news-release-details/8point3-energy-partners-announce-third-quarter-results-october-4 Event to be Webcast at: www.8point3energypartners.com SAN JOSE, Calif. , Sept. 18, 2017 /PRNewswire/ --  8point3 Energy Partners LP (NASDAQ: CAFD) will announce its third-quarter 2017 financial results on a conference call on Wednesday, October 4, 2017 at 1:30 p.m. Mon, 18 Sep 2017 16:05:00 -0400 8Point3 Energy Partners LP News Releases 7371

8point3 Energy Partners Reports Second Quarter 2017 Results

http://ir.8point3energypartners.com/news-releases/news-release-details/8point3-energy-partners-reports-second-quarter-2017-results Increased Second Quarter Distribution by 3.0 percent over First Quarter Distribution SAN JOSE, Calif. , June 29, 2017 /PRNewswire/ -- 8point3 Energy Partners LP (NASDAQ:CAFD) today announced financial results for its second fiscal quarter ended May 31, 2017 . Thu, 29 Jun 2017 16:14:00 -0400 8Point3 Energy Partners LP News Releases 7291

8point3 Energy Partners Declares 3.0 Percent Increase in Quarterly Distribution

http://ir.8point3energypartners.com/news-releases/news-release-details/8point3-energy-partners-declares-30-percent-increase-quarterly-1 SAN JOSE, Calif. , June 26, 2017 /PRNewswire/ --  8point3 Energy Partners LP (NASDAQ: CAFD) announced that the Board of Directors of its general partner declared a cash distribution for its Class A shares of $0.2642 per share for the second quarter of 2017.  This represents an increase of Mon, 26 Jun 2017 08:00:42 -0400 8Point3 Energy Partners LP News Releases 7326

8point3 Energy Partners to Announce Second-Quarter Results on June 29, 2017

http://ir.8point3energypartners.com/news-releases/news-release-details/8point3-energy-partners-announce-second-quarter-results-june-1 Event to be Webcast at: www.8point3energypartners.com SAN JOSE, Calif. , June 19, 2017 /PRNewswire/ --  8point3 Energy Partners LP (NASDAQ:CAFD) will announce its second-quarter 2017 financial results on a conference call on Thursday, June 29, 2017 at 1:30 p.m. Mon, 19 Jun 2017 16:05:40 -0400 8Point3 Energy Partners LP News Releases 7321

8point3 Energy Partners Reports First Quarter 2017 Results

http://ir.8point3energypartners.com/news-releases/news-release-details/8point3-energy-partners-reports-first-quarter-2017-results Sponsors Considering Alternatives for their Partnership Interests Increased First Quarter Distribution by 3.0 percent over Fourth Quarter Distribution SAN JOSE, Calif. , April 5, 2017 /PRNewswire/ -- 8point3 Energy Partners LP (NASDAQ:CAFD) today announced financial results for its first fiscal Wed, 05 Apr 2017 16:07:00 -0400 8Point3 Energy Partners LP News Releases 6856

8point3 Energy Partners Declares 3.0 Percent Increase in Quarterly Distribution

http://ir.8point3energypartners.com/news-releases/news-release-details/8point3-energy-partners-declares-30-percent-increase-quarterly SAN JOSE, Calif. , March 24, 2017 /PRNewswire/ --  8point3 Energy Partners LP (NASDAQ:CAFD) announces that the Board of Directors of its general partner declared a cash distribution for its Class A shares of $0.2565 per share for the first quarter of 2017.  This represents an increase of Fri, 24 Mar 2017 08:00:36 -0400 8Point3 Energy Partners LP News Releases 6401

8point3 Energy Partners to Announce First-Quarter Results on April 5, 2017

http://ir.8point3energypartners.com/news-releases/news-release-details/8point3-energy-partners-announce-first-quarter-results-april-5 Event to be Webcast at: www.8point3energypartners.com SAN JOSE, Calif. , March 20, 2017 /PRNewswire/ -- 8point3 Energy Partners LP (NASDAQ:CAFD) will announce its first-quarter 2017 financial results on a conference call on Wednesday, April 5, 2017 at 1:30 p.m. Mon, 20 Mar 2017 16:06:08 -0400 8Point3 Energy Partners LP News Releases 6396

8point3 Energy Partners Reports Fourth Quarter 2016 Results

http://ir.8point3energypartners.com/news-releases/news-release-details/8point3-energy-partners-reports-fourth-quarter-2016-results Completed Acquisition of SunPower's 49 Percent Stake in 102-MW Henrietta Project Completed Acquisition of First Solar's 34 Percent Stake in 300-MW Stateline Project on December 1, 2016 Increased Fourth Quarter Distribution by 3.5 percent over Third Quarter Distribution SAN JOSE, Calif. , Jan. Thu, 26 Jan 2017 16:05:16 -0500 8Point3 Energy Partners LP News Releases 6391

SAN JOSE, Calif., March 24, 2017 /PRNewswire/ -- 8point3 Energy Partners LP (NASDAQ:CAFD) announces that the Board of Directors of its general partner declared a cash distribution for its Class A shares of $0.2565 per share for the first quarter of 2017.  This represents an increase of approximately 22.3 percent over the minimum quarterly distribution and an increase of 3.0 percent over the previous quarter's distribution of $0.2490 per share.  The first quarter distribution will be paid on April 14, 2017 to shareholders of record as of April 4, 2017.

About 8point3 Energy Partners
8point3 Energy Partners LP (NASDAQ:CAFD) is a growth-oriented limited partnership formed by First Solar, Inc. and SunPower Corporation to own, operate and acquire solar energy generation projects. 8point3 Energy Partners' primary objective is to generate predictable cash distributions that grow at a sustainable rate. The partnership owns interests in projects in the United States that generate long-term contracted cash flows and serve utility, commercial and residential customers.  For more information about 8point3 Energy Partners, please visit: www.8point3energypartners.com.

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SOURCE 8point3 Energy Partners LP

Investors, Bob Okunski, 408-240-5447, This email address is being protected from spambots. You need JavaScript enabled to view it.; Media, Natalie Wymer, 650-223-9132, This email address is being protected from spambots. You need JavaScript enabled to view it.

SAN JOSE, Calif., March 20, 2017 /PRNewswire/ -- 8point3 Energy Partners LP (NASDAQ:CAFD) will announce its first-quarter 2017 financial results on a conference call on Wednesday, April 5, 2017 at 1:30 p.m. Pacific Time.  The call-in number is 517-308-9098, passcode: 8point3 or the webcast can be accessed from the "Investors" section of 8point3 Energy Partners' website at www.8point3energypartners.com The earnings press release will be posted at the same location at approximately 1:05 p.m. Pacific Time on April 5, 2017.

About 8point3 Energy Partners
8point3 Energy Partners LP (NASDAQ:CAFD) is a growth-oriented limited partnership formed by First Solar, Inc. and SunPower Corporation to own, operate and acquire solar energy generation projects. 8point3 Energy Partners' primary objective is to generate predictable cash distributions that grow at a sustainable rate. The partnership owns interests in projects in the United States that generate long-term contracted cash flows and serve utility, commercial and residential customers.  For more information about 8point3 Energy Partners, please visit: www.8point3energypartners.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/8point3-energy-partners-to-announce-first-quarter-results-on-april-5-2017-300426270.html

SOURCE 8point3 Energy Partners LP

Veronica Andrade, 408-514-4075, This email address is being protected from spambots. You need JavaScript enabled to view it.

Completed Acquisition of First Solar's 34 Percent Stake in 300-MW Stateline Project on December 1, 2016

Increased Fourth Quarter Distribution by 3.5 percent over Third Quarter Distribution

SAN JOSE, Calif., Jan. 26, 2017 /PRNewswire/ -- 8point3 Energy Partners LP (NASDAQ:CAFD) today announced financial results for its fourth fiscal quarter ended November 30, 2016.

8point3 Energy Partners LP Logo
  • Exceeded Q4 2016 revenue, net income and Adjusted EBITDA guidance
  • Completed acquisition of minority stakes in SunPower's Henrietta and First Solar's Stateline projects
  • Declared Q4 2016 distribution of $0.2490 per share, an increase of 3.5 percent over the Q3 2016 distribution
  • Forecasts Q1 2017 distribution of $0.2565per share, an increase of 3.0 percent compared to the Q4 2016 distribution

For the fourth quarter of fiscal 2016, 8point3 Energy Partners reported revenue of $14.5 million, net income of $4.2 million, adjusted EBITDA of $18.3 million and cash available for distribution (CAFD) of $20.4 million. The partnership's fourth quarter 2016 CAFD results do not include approximately $6.0 million in network upgrade reimbursements that were expected to be received in the fourth quarter per the partnership's existing interconnection agreement with a utility. The reimbursement was received shortly after the partnership's fiscal year end and will be reflected in the partnership's CAFD results in the first quarter of 2017.  

"We continued to benefit from our high-quality solar portfolio as we met or exceeded most key financial metrics for the quarter while increasing our distribution rate for the sixth quarter in a row," said Chuck Boynton, 8point3 Energy Partners CEO. "As of the end of November, our portfolio consisted of interests in 642-megawatts (MW) of U.S. solar generating assets including the acquisition of SunPower's 49 percent minority interest in its 102-MW Henrietta project that we completed during the quarter. Also, we were pleased to close the acquisition of First Solar's 34 percent minority interest in its 300-MW Stateline project on December 1, 2016 which brings our total portfolio to interests in 942-MW of assets as of today. The Henrietta and Stateline projects are expected to generate approximately $11 million and $32 million in annual cash distributions respectively and both have 20 year contract lives. We are pleased to add these assets to our portfolio as they are in line with our long-term strategic focus of acquiring solar assets with strong, cash flows with investment grade offtakes," concluded Boynton. 

Additionally, the partnership's sponsors have proposed to remove the 100-MW El Pelicano project and the 179-MW Switch Station project from the right of first offer (ROFO) portfolio as the partnership will likely not acquire these projects during its 2017 fiscal year.  The potential removal of these projects from the ROFO portfolio is subject to the approval of the partnership's Board of Directors and its Conflicts Committee.

Also, the Board of Directors of the partnership's general partner declared a cash distribution for its Class A shares of $0.2490 per share for the fourth quarter. The fourth quarter distribution was paid on January 13, 2017 to shareholders of record as of January 3, 2017.

"Our solid fourth quarter results reflect the stability and strength of our asset portfolio," said Bryan Schumaker, 8point3 Energy Partners chief financial officer.  "We achieved key financial goals and feel that with our differentiated model, predictable cash flows from high quality solar assets, committed sponsor support and our recent project acquisitions, we remain well positioned to drive long term sustainable cash flows for our shareholders."

Guidance

The partnership's first quarter 2017 guidance is as follows: revenue of $9.3 million to $9.8 million, net loss of ($6.4) million to ($5.6)  million, adjusted EBITDA of $11.8 million to $12.6 million, CAFD of $19.8 million to $20.3 million and a distribution of $0.2565 per share, a forecasted increase of 3.0 percent compared to the Q4 2016 distribution. 

The partnership's fiscal year 2017 guidance is as follows: revenue of $63.3 million to $66.7 million, net income of $27.0 million to $32.6 million, Adjusted EBITDA of $106.5 million to $113.1 million and CAFD of $91.5 million to $101.0 million.  The partnership also expects a distribution growth rate of 12 percent for fiscal year 2017.

About 8point3 Energy Partners
8point3 Energy Partners LP (NASDAQ:CAFD) is a growth-oriented limited partnership formed by First Solar, Inc. and SunPower Corporation to own, operate and acquire solar energy generation projects. 8point3 Energy Partners' primary objective is to generate predictable cash distributions that grow at a sustainable rate. The partnership owns interests in projects in the United States that generate long-term contracted cash flows and serve utility, commercial and residential customers. For more information about 8point3 Energy Partners, please visit: www.8point3energypartners.com.

For 8point3 Energy Partners Investors

This press release includes various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. You can identify our forward-looking statements by words such as "anticipate", "believe", "estimate", "expect", "forecast", "goals", "objectives", "outlook", "intend", "plan", "predict", "project", "risks", "schedule", "seek", "target", "could", "may", "will", "should" or "would" or other similar expressions that convey the uncertainty of future events or outcomes. In accordance with "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, these statements are accompanied by cautionary language identifying important factors, though not necessarily all such factors, which could cause future outcomes to differ materially from those set forth in forward-looking statements. In particular, expressed or implied statements concerning the expectations of plans, strategies, objectives and growth and anticipated financial and operational performance of the partnership and its subsidiaries, including guidance regarding the partnership's revenue, Adjusted EBITDA, cash available for distribution and distributions, other future actions, conditions or events such as the projected commercial operation dates of projects, future operating results or the ability to generate sales, income or cash flow or to make distributions are forward-looking statements. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future actions, conditions or events and future results of operations may differ materially from those expressed in these forward-looking statements. Forward-looking statements speak only as of the date of this press release, January 26, 2017, and we disclaim any obligation to update such statements for any reason, except as required by law. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this paragraph. Many of the factors that will determine these results are beyond our ability to control or predict. These factors include the risk factors described under "Risk Factors" in the partnership's Transition Report on Form 10-K for the transition period from December 28, 2014 to November 30, 2015, filed with the Securities and Exchange Commission on January 28, 2016. If any of those risks occur, it could cause our actual results to differ materially from those contained in any forward-looking statement. Because of these risks and uncertainties, you should not place undue reliance on any forward-looking statement.

Non-GAAP Financial Information

This earnings release includes certain financial measures that are not defined under U.S. generally accepted accounting principles (GAAP), including Adjusted EBITDA and cash available for distribution. Such non-GAAP financial measures should be considered only as supplemental to, and not as superior to, financial measures prepared in accordance with GAAP. We reconcile these non-GAAP financial measures to the most directly comparable financial measure prepared in accordance with GAAP in the tables that accompany this release. In the introduction to such reconciliation tables that accompany this release, we disclose the reasons why we believe our use of the non-GAAP financial measures in this release provides useful information. Please read "Non-GAAP Financial Measures" below for further details on our use of non-GAAP financial measures. 

8point3 Energy Partners LP
Consolidated Balance Sheets
(In thousands, except share data)




November 30,



November 30,




2016



2015


Assets









Current assets:









Cash and cash equivalents


$

14,261



$

56,781


Accounts receivable and short-term financing receivables, net



5,401




4,289


Prepaid and other current assets1



15,745




8,033


Total current assets



35,407




69,103


Property and equipment, net



720,132




486,942


Long-term financing receivables, net



80,014




83,376


Investments in unconsolidated affiliates



475,078




352,070


Other long-term assets



24,432




26,142


Total assets


$

1,335,063



$

1,017,633


Liabilities and Equity









Current liabilities:









Accounts payable and other current liabilities1


$

23,771



$

2,612


Short-term debt and financing obligations



1,964




1,964


Deferred revenue, current portion



870




489


Total current liabilities



26,605




5,065


Long-term debt and financing obligations



384,436




297,206


Deferred revenue, net of current portion



308




746


Deferred tax liabilities



30,733




12,491


Asset retirement obligations



13,448




9,992


Total liabilities



455,530




325,500


Redeemable noncontrolling interests



17,624




89,747


Commitments and contingencies









Equity:









Class A shares, 28,072,680 and 20,007,281 issued and outstanding as of November 30, 2016 and November 30, 2015, respectively



249,138




392,748


Class B shares, 51,000,000 issued and outstanding as of November 30, 2016 and November 30, 2015







Accumulated earnings



22,440




15,580


Total shareholders' equity attributable to 8point3 Energy Partners LP



271,578




408,328


Noncontrolling interests



590,331




194,058


Total equity



861,909




602,386


Total liabilities and equity


$

1,335,063



$

1,017,633




1

The Partnership has related-party balances for transactions made with the Sponsors and tax equity investors. Related-party balances recorded within "Prepaid and other current assets" in the consolidated balance sheets were $0.9 million due from Sponsors as of both November 30, 2016 and November 30, 2015. Related-party balances recorded within "Accounts payable and other current liabilities" in the consolidated balance sheets were $19.7 million and $0.2 million due to Sponsors as of November 30, 2016 and November 30, 2015, respectively, and $1.0 million and zero due to tax equity investors as of November 30, 2016 and November 30, 2015, respectively. 

8point3 Energy Partners LP
Consolidated Statements of Operations
(In thousands, except per share data)




Year Ended



Eleven Months Ended



Year Ended




November 30,



November 30,



December 28,




2016



2015



2014


Revenues:













Operating revenues1


$

61,198



$

10,660



$

9,231


Total revenues



61,198




10,660




9,231


Operating costs and expenses1:













Cost of operations



6,959




2,624




(3,195)


Cost of operations—SunPower, prior to IPO






468




937


Selling, general and administrative



7,003




10,702




4,818


Depreciation and accretion



22,792




4,291




2,339


Acquisition-related transaction costs



2,271




212





Total operating costs and expenses



39,025




18,297




4,899


Operating income (loss)



22,173




(7,637)




4,332


Other expense (income):













Interest expense



12,081




1,860




5,525


Interest income



(1,203)




(1,470)





Other expense (income)



(1,518)




12,536





Total other expense, net



9,360




12,926




5,525


Income (loss) before income taxes



12,813




(20,563)




(1,193)


Income tax provision



(18,244)




(12,503)




(23)


Equity in earnings of unconsolidated investees



18,341




9,055





Net income (loss)



12,910




(24,011)




(1,216)


Less: Predecessor loss prior to IPO on June 24, 2015






(20,095)






Net income (loss) subsequent to IPO



12,910




(3,916)






Less: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests



(14,191)




(22,642)






Net income attributable to 8point3 Energy Partners LP Class A shares


$

27,101



$

18,726






Net income per Class A share:













Basic


$

1.27



$

0.94






Diluted


$

1.27



$

0.94






Distributions per Class A share:


$

0.91



$

0.16






Weighted average number of Class A shares:













Basic



21,420




20,002






Diluted



36,920




35,034








1 

The Partnership has related-party activities for transactions made with the Sponsors. Related party transactions recorded within "Operating revenues" in the consolidated statement of operations were $5.2 million for the year ended November 30, 2016, $2.3 million for the eleven months ended November 30, 2015, and zero for the year ended December 28, 2014. Related party transactions recorded within "Operating costs and expenses" in the consolidated statement of operations were $7.0 million for the year ended November 30, 2016, $1.4 million for the eleven months ended November 30, 2015, and $0.9 million for the year ended December 28, 2014.

8point3 Energy Partners LP
Consolidated Statements of Cash Flows
(In thousands)




Year Ended



Eleven Months Ended



Year Ended




November 30,



November 30,



December 28,




2016



2015



2014


Cash flows from operating activities:













Net income (loss)


$

12,910



$

(24,011)



$

(1,216)


Adjustments to reconcile net income (loss) to net cash provided by operating activities:













Depreciation, amortization and accretion



22,880




4,291




2,339


Unrealized loss (gain) on interest rate swap



(1,508)




611





Interest expense on financing obligation






1,193




4,838


Loss on termination of financing obligation






6,477





Reserve for rebates receivable






1,338





Distributions from unconsolidated investees



18,075




6,766





Equity in earnings of unconsolidated investees



(18,341)




(9,055)





Deferred income taxes



18,242




12,491





Share-based compensation



224




112





Amortization of debt issuance costs



626








Changes in allowance for doubtful accounts



370




328





Changes in operating assets and liabilities:













Accounts receivable and financing receivable, net



1,481




46




(4,118)


Cash grants receivable






146




1,099


Rebates receivable






(121)




2,685


Solar power systems to be leased under sales type leases






197




463


Prepaid and other current assets



(1,435)




(4,258)





Deferred revenue



(59)




(118)




(819)


Accounts payable and other current liabilities



1,171




5,403




(3,470)


Net cash provided by operating activities



54,636




1,836




1,801


Cash flows from investing activities:













Cash provided by (used in) purchases of property and equipment



1,167




(223,688)




(58,457)


Cash paid for acquisitions



(284,797)








Receipts of cash grants related to solar energy systems under operating leases









3,226


Distributions from unconsolidated investees



11,629




4,672





Net cash used in investing activities



(272,001)




(219,016)




(55,231)


Cash flows from financing activities:













Proceeds from issuance of Class A shares, net of issuance costs



113,325




393,750





Proceeds from issuance of bank loans, net of issuance costs



86,567




461,192




61,481


Proceeds from issuance of promissory note to First Solar






1,964





Repayment of bank loans






(264,143)





Capital contributions from SunPower



9,973




341,694




3,147


Capital distributions to SunPower






(3,163)




(11,198)


Cash distribution to First Solar at IPO






(283,697)





Cash distribution to SunPower at IPO






(371,527)





Cash distribution to SunPower for the remaining purchase price payments of initial projects






(202,680)





Cash distribution to Class A shareholders



(20,241)




(3,146)





Cash distributions to Sponsors as OpCo unitholders



(12,271)








Cash contributions from noncontrolling interests and redeemable noncontrolling interests - tax equity investors



3,671




203,717





Cash distributions to noncontrolling interests and redeemable noncontrolling interests - tax equity investors



(6,179)








Net cash provided by financing activities



174,845




273,961




53,430


Net increase (decrease) in cash and cash equivalents



(42,520)




56,781





Cash and cash equivalents, beginning of period



56,781








Cash and cash equivalents, end of period


$

14,261



$

56,781



$


Non-cash transactions:













Assignment of financing receivables to a third-party financial institution


$



$

1,279



$

7,815


Property and equipment acquisitions funded by liabilities



19,538







8,675


Property and equipment additions funded by SunPower post-IPO






50,683





Settlement of related party payable by capital contribution from tax equity investor



46,837








Predecessor liabilities assumed by SunPower






48,588





Accrued distributions to noncontrolling interests and redeemable noncontrolling interests - tax equity investors



975








Issuance by OpCo of OpCo common units, subordinated units and IDRs for acquisition of interests in First Solar Project Entities






408,820





Supplemental disclosures:













Cash paid for interest, net of amounts capitalized



11,525




437




688


Non-GAAP Financial Measures

Our management uses a variety of financial metrics to analyze our performance. The key financial metrics we evaluate are Adjusted EBITDA and cash available for distribution.

Adjusted EBITDA. We define Adjusted EBITDA as net income (loss) plus interest expense, net of interest income, income tax provision, depreciation, amortization and accretion, including our proportionate share of net interest expense, income taxes and depreciation, amortization and accretion from our unconsolidated affiliates that are accounted for under the equity method, and share-based compensation and transaction costs incurred for our acquisitions of projects; and excluding the effect of certain other non-cash or non-recurring items that we do not consider to be indicative of our ongoing operating performance such as, but not limited to, mark to market adjustments to the fair value of derivatives related to our interest rate hedges. Adjusted EBITDA is a non-U.S. GAAP financial measure. This measurement is not recognized in accordance with U.S. GAAP and should not be viewed as an alternative to U.S. GAAP measures of performance. The U.S. GAAP measure most directly comparable to Adjusted EBITDA is net income (loss). The presentation of Adjusted EBITDA should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items.

We believe Adjusted EBITDA is useful to investors in evaluating our operating performance because securities analysts and other interested parties use such calculations as a measure of financial performance and borrowers' ability to service debt. In addition, Adjusted EBITDA is used by our management for internal planning purposes including certain aspects of our consolidated operating budget and capital expenditures. It is also used by investors to assess the ability of our assets to generate sufficient cash flows to make distributions to our Class A shareholders.

However, Adjusted EBITDA has limitations as an analytical tool because it does not reflect our cash expenditures or future requirements for capital expenditures or contractual commitments, does not reflect changes in, or cash requirements for, working capital, does not reflect significant interest expense or the cash requirements necessary to service interest or principal payments on our outstanding debt or cash distributions on tax equity, does not reflect payments made or future requirements for income taxes, and excludes the effect of certain other cash flow items, all of which could have a material effect on our financial condition and results of operations. Adjusted EBITDA is a non-U.S. GAAP measure and should not be considered an alternative to net income (loss) or any other performance measure determined in accordance with U.S. GAAP, nor is it indicative of funds available to fund our cash needs. In addition, our calculations of Adjusted EBITDA are not necessarily comparable to EBITDA as calculated by other companies. Investors should not rely on these measures as a substitute for any U.S. GAAP measure, including net income (loss).

Cash Available for Distribution. We use cash available for distribution, which we define as Adjusted EBITDA less equity in earnings of unconsolidated affiliates, cash interest paid, cash income taxes paid, maintenance capital expenditures, cash distributions to noncontrolling interests and principal amortization of indebtedness plus cash distributions from unconsolidated affiliates, indemnity payments and working capital loans from Sponsors, test electricity generation, cash proceeds from sales-type residential leases, state and local rebates and cash proceeds for reimbursable network upgrade costs. Our cash flow is generated from distributions we receive from OpCo each quarter. OpCo's cash flow is generated primarily from distributions from the Project Entities. As a result, our ability to make distributions to our Class A shareholders depends primarily on the ability of the Project Entities to make cash distributions to OpCo and the ability of OpCo to make cash distributions to its unitholders.

We believe cash available for distribution is useful to investors in evaluating our operating performance because securities analysts and other interested parties use such calculations as a measure of our ability to make our distribution. In addition, cash available for distribution is used by our management team for determining future acquisitions and managing our growth. The U.S. GAAP measure most directly comparable to cash available for distribution is net income (loss).

However, cash available for distribution has limitations as an analytical tool because it does not capture the level of capital expenditures necessary to maintain the operating performance of our projects, does not include changes in operating assets and liabilities and excludes the effect of certain other cash flow items, all of which could have a material effect on our financial condition and results from operations. Cash available for distribution is a non-U.S. GAAP measure and should not be considered an alternative to net income (loss) or any other performance measure determined in accordance with U.S. GAAP, nor is it indicative of funds available to fund our cash needs. In addition, our calculations of cash available for distribution are not necessarily comparable to cash available for distribution as calculated by other companies. Investors should not rely on these measures as a substitute for any U.S. GAAP measure, including net income (loss).

The following table presents a reconciliation of net income (loss) to Adjusted EBITDA and cash available for distribution for the three months ended November 30, 2016, August 31, 2016, and November 30, 2015, and the year ended November 30, 2016, the eleven months ended November 30, 2015 and the year ended December 28, 2014, respectively:

8point3 Energy Partners LP
Reconciliation of Net Income (Loss) to Adjusted EBITDA and Cash Available for Distribution (CAFD)
(Unaudited)











Three Months Ended



Year Ended



Eleven Months Ended



Year Ended




November 30,



August 31,



November 30,



November 30,



November 30,



December 28,


(in thousands)


2016



2016



2015



2016



2015



2014


Net income (loss)


$

4,250



$

15,874



$

(8,644)



$

12,910



$

(24,011)



$

(1,216)


Add (Less):

























Interest expense, net of interest income



2,664




2,903




(33)




10,870




390




5,525


Income tax provision



2,963




5,063




11,796




18,244




12,503




23


Depreciation, amortization and accretion



6,556




6,311




1,917




22,880




4,291




2,339


Share-based compensation



56




56




56




224




112





Acquisition-related transaction costs (1)



10




599




212




2,271




212





Selling, general and administrative (2)















6,372




2,334


Loss on cash flow hedges related to

Quinto interest rate swaps















5,448





Loss on termination of residential

financing obligations















6,477





Unrealized loss (gain) on derivatives (3)



(972)




(285)




(159)




(1,508)




611





Add proportionate share from

equity method investments (4)

























Interest expense, net of interest income



(375)




(54)




(144)




(524)




(165)





Depreciation, amortization and accretion



3,142




2,397




3,052




10,825




5,212





Adjusted EBITDA


$

18,294



$

32,864



$

8,053



$

76,192



$

17,452



$

9,005


Less:

























Equity in earnings of unconsolidated affiliates, net with (4) above (5)



(7,604)




(10,418)




(5,849)




(28,642)




(14,102)





Cash interest paid (6)



(3,000)




(3,278)




(2,787)




(12,176)




(4,502)





Cash income taxes paid



(2)










(2)








Maintenance capital expenditures



(50)










(50)








Cash distributions to non-controlling interests



(2,412)




(2,826)







(6,142)








Add:

























Cash distributions from unconsolidated affiliates (7)



14,054




7,018




6,230




30,129




10,902





Indemnity payment from Sponsors (8)



279




64




3,900




10,316




3,900





Short-term Note (9)









1,964







1,964





Test electricity generation (10)









4,020




421




5,576





Cash proceeds (usage) from sales-type residential leases, net (11)



649




630




754




2,550




2,730




2,746


State and local rebates (12)












299








Cash proceeds for reimbursable network upgrade costs (13)



222










222








Cash available for distribution


$

20,430



$

24,054



$

16,285



$

73,117



$

23,920



$

11,751




(1)

Represents acquisition-related financial advisory, legal and accounting fees associated with ROFO Project interests purchased and expected to be purchased by us in the future.



(2)

Represents the allocation of the Predecessor's corporate overhead in selling, general and administrative expenses.



(3)

Represents the changes in fair value of interest rate swaps that were not designated as cash flow hedges.



(4)

Represents our proportionate share of net interest expense, depreciation, amortization and accretion from our unconsolidated affiliates that are accounted for under the equity method.



(5)

Equity in earnings of unconsolidated affiliates represents the earnings from the Solar Gen 2 Project, the North Star Project, the Lost Hills Blackwell Project and the Henrietta Project and is included on our consolidated statements of operations.



(6)

Represents cash interest payments related to our term loan and revolving credit facilities post-IPO. The interest payments for the Quinto Credit Facility on the Predecessor's combined carve-out financial statements were excluded as they were funded by one of our Sponsors.



(7)

Cash distributions from unconsolidated affiliates represent the cash received by OpCo with respect to its 49% interest in the Solar Gen 2 Project, the North Star Project, the Lost Hills Blackwell Project and the Henrietta Project.



(8)

Represents indemnity payments from the Sponsors owed to OpCo in accordance with the Omnibus Agreement.



(9)

Represents a working capital loan from First Solar.



(10)

Test electricity generation represents the sale of electricity that was generated prior to COD by the Kingbird Project for the year ended November 30, 2016 and by the Quinto Project, the RPU Project, the UC Davis Project and the Macy's California Project for the eleven months ended November 30, 2015. Solar systems may begin generating electricity prior to COD as a result of the installation and interconnection of individual solar modules, which occurs over time during the construction and commission period. The sale of test electricity generation is accounted for as a reduction in the asset carrying value rather than operating revenue prior to COD, even though it generates cash for the related Project Entity.



(11)

Cash proceeds from sales-type residential leases, net, represent gross rental cash receipts for sales-type leases, less sales-type revenue and lease interest income that is already reflected in net income (loss) during the period. The corresponding revenue for such leases was recognized in the period in which such lease was placed in service, rather than in the period in which the rental payment was received, due to the characterization of these leases under U.S. GAAP.



(12)

State and local rebates represent cash received from state or local governments for owning certain solar power systems. The receipt of state and local rebates is accounted for as a reduction in the asset carrying value rather than operating revenue.



(13)

Cash proceeds from a utility company related to reimbursable network upgrade costs associated with the Kingbird Project.

8point3 Energy Partners LP
FY 2017 Q1 Guidance
Reconciliation of Net Loss to Adjusted EBITDA and Cash Available for Distribution (CAFD)


 (in millions)


Low



High


Net loss


$

(6.4)



$

(5.6)


Add (Less):









Interest expense, net of interest income



5.5




5.5


Income tax provision



(0.1)




(0.1)


Depreciation, amortization and accretion



6.4




6.4


Share-based compensation



0.1




0.1


Add proportionate share from equity method investments (1):









Depreciation, amortization and accretion



6.3




6.3


Adjusted EBITDA


$

11.8



$

12.6


Less:









Equity in earnings of unconsolidated affiliates, net with (1)



(6.8)




(7.2)


Cash interest paid



(5.5)




(5.5)


Cash distributions to non-controlling interests



(2.0)




(2.0)


Add:









Cash distributions from unconsolidated affiliates



17.7




17.7


Network upgrade refund



6.0




6.1


Cash proceeds from sales-type residential leases



0.6




0.6


Repayment of working capital loan



(2.0)




(2.0)


Estimated cash available for distribution


$

19.8



$

20.3




(1)

Represents our proportionate share of net interest expense, depreciation, amortization and accretion from our unconsolidated affiliates that are accounted for under the equity method.

8point3 Energy Partners LP
FY 2017 Guidance
Reconciliation of Net Income to Adjusted EBITDA and Cash Available for Distribution (CAFD)


 (in millions)


Low



High


Net income


$

27.0



$

32.6


Add (Less):









Interest expense, net of interest income



24.3




24.3


Income tax provision



3.4




4.4


Depreciation, amortization and accretion



26.3




26.3


Share-based compensation



0.2




0.2


Add proportionate share from equity method investments (1):









Depreciation, amortization and accretion



25.3




25.3


Adjusted EBITDA


$

106.5



$

113.1


Less:









Equity in earnings of unconsolidated affiliates, net with (1)



(60.4)




(63.5)


Cash interest paid



(24.3)




(24.3)


Cash distributions to non-controlling interests



(9.2)




(9.2)


Add:









Cash distributions from unconsolidated affiliates



65.1




71.1


Network upgrade refund



13.2




13.2


Cash proceeds from sales-type residential leases



2.6




2.6


Repayment of working capital loan



(2.0)




(2.0)


Estimated cash available for distribution


$

91.5



$

101.0




(1)

Represents our proportionate share of net interest expense, depreciation, amortization and accretion from our unconsolidated affiliates that are accounted for under the equity method.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/8point3-energy-partners-reports-fourth-quarter-2016-results-300397671.html

SOURCE 8point3 Energy Partners LP

Investors, Bob Okunski, 408-240-5447, This email address is being protected from spambots. You need JavaScript enabled to view it.; Media, Natalie Wymer, 408-457-2348, This email address is being protected from spambots. You need JavaScript enabled to view it.

SAN JOSE, Calif., June 26, 2017 /PRNewswire/ -- 8point3 Energy Partners LP (NASDAQ: CAFD) announced that the Board of Directors of its general partner declared a cash distribution for its Class A shares of $0.2642 per share for the second quarter of 2017.  This represents an increase of approximately 26.0 percent over the minimum quarterly distribution and an increase of 3.0 percent over the previous quarter's distribution of $0.2565 per share.  The second quarter distribution will be paid on July 14, 2017 to shareholders of record as of July 6, 2017.

8point3 Energy Partners LP Logo

About 8point3 Energy Partners
8point3 Energy Partners LP (NASDAQ: CAFD) is a growth-oriented limited partnership formed by First Solar, Inc. and SunPower Corporation to own, operate and acquire solar energy generation projects. 8point3 Energy Partners' primary objective is to generate predictable cash distributions that grow at a sustainable rate. The partnership owns interests in projects in the United States that generate long-term contracted cash flows and serve utility, commercial and residential customers.  For more information about 8point3 Energy Partners, please visit: www.8point3energypartners.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/8point3-energy-partners-declares-30-percent-increase-in-quarterly-distribution-300479343.html

SOURCE 8point3 Energy Partners LP

Investors, Bob Okunski, 408-240-5447, This email address is being protected from spambots. You need JavaScript enabled to view it.; Media, Natalie Wymer, 650-223-9132, This email address is being protected from spambots. You need JavaScript enabled to view it.

SAN JOSE, Calif., June 19, 2017 /PRNewswire/ -- 8point3 Energy Partners LP (NASDAQ:CAFD) will announce its second-quarter 2017 financial results on a conference call on Thursday, June 29, 2017 at 1:30 p.m. Pacific Time.  The call-in number is 517-308-9098, passcode: 8point3 or the webcast can be accessed from the "Investors" section of 8point3 Energy Partners' website at www.8point3energypartners.comThe earnings press release will be posted at the same location at approximately 1:05 p.m. Pacific Time on June 29, 2017.

About 8point3 Energy Partners
8point3 Energy Partners LP (NASDAQ:CAFD) is a growth-oriented limited partnership formed by First Solar, Inc. and SunPower Corporation to own, operate and acquire solar energy generation projects. 8point3 Energy Partners' primary objective is to generate predictable cash distributions that grow at a sustainable rate. The partnership owns interests in projects in the United States that generate long-term contracted cash flows and serve utility, commercial and residential customers.  For more information about 8point3 Energy Partners, please visit: www.8point3energypartners.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/8point3-energy-partners-to-announce-second-quarter-results-on-june-29-2017-300476044.html

SOURCE 8point3 Energy Partners LP

Veronica Andrade, 408-514-4075, This email address is being protected from spambots. You need JavaScript enabled to view it.

As the biggest manufacturer in the renewable energy segment, China’s participation could help address demand at affordable costs more rapidly.

Tesla Inc has unveiled a prototype electric big-rig truck that it will start producing in 2019. Chief Executive Elon Musk unveiled the big rig, dubbed the Tesla Semi, by riding the truck into an airport hangar near Los Angeles in front of a crowd of Tesla car owners and potential buyers. (Reuters)

Tesla Inc has unveiled a prototype electric big-rig truck that it will start producing in 2019....

aavishkaar, aavishkaar intellecap group, sixth closure, aasvishkaar bharat fund, middle income companies, low income, business services, financial services So far, the group fund has received commitments worth Rs 620 crore for the Aavishkaar Bharat Fund, Aavishkaar said in a statement. (Website)

Impact investment advisory firm Aavishkaar, a part of the Aavishkaar Intellecap Group, has announced the first closure of its sixth fund with a commitment for Rs 594 crore. So far, the group fund has received commitments worth Rs 620 crore for the Aavishkaar Bharat Fund, Aavishkaar said in a statement. Aavishkaar Bharat Fund focuses on generating commercial returns while looking at business models engaging with low and low middle income communities to create an impact on their lives or businesses. The fund will invest in startups and early growth stage companies in sectors like agriculture, financial services, healthcare, logistics and supply chain, renewable energy the fund said. Including the India focused fund, Aavishkaar now manages six funds with an aggregate corpus of Rs 2000 crore. Funds advised by Aavishkaar have till date made 58 investments in India, Indonesia, Sri Lanka and Bangladesh and 25 exits while generating 250,000 jobs, it claimed.

Some of its investments include Equitas Small Finance Bank, AgroStar, MilkMantra, Lets Recycle, EPS and Jaypore. The fund is anchored by Sidbi, CDC Group, Munjal Family Office of the Hero Motorcorp and global pension fund manager Tiaa.

After more than a decade of making cars and SUVs - and, more recently, solar panels - Tesla Inc.wants to electrify a new type of vehicle: big trucks.

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