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SANTA MONICA, Calif., June 18, 2018 /PRNewswire/ -- Macerich (NYSE: MAC), one of the nation's leading owners, operators and developers of major retail properties in top markets, today released its updated Sustainability Report, detailing its fully integrated environmental approach, awards and achievements. 

Recognized as the U.S. retail real estate industry's leader in sustainability, Macerich demonstrated continued strong environmental performance in 2017, including:

  • Produced nearly 39 million kWh of clean energy from 12 on-site solar power projects and 6 on-site fuel cell systems – more than double the amount produced in 2016
  • Reduced energy consumption by nearly 9% or 55.85 million kWh over 2016
  • Reduced carbon emissions by 20 million metric tons in 2017, which is equivalent to taking 4,450 vehicles off the road for a year
  • Reduced water used across the portfolio in 2017 by 27 million gallons over 2016 – which brings total reduction since program inception to over 300 million gallons
  • Recycled more than 17,930 tons of waste
  • Provided 53 electric vehicle (EV) charging stations at 29 sites – an increase of 13 sites and 15 total charging stations over 2016

Macerich's wide-ranging sustainability efforts and strong results in 2017 earned the company a number of prestigious awards and accolades including:

  • NAREIT Retail "Leader in the Light." For the fourth straight year, Macerich received this significant award recognizing superior and continuous sustainability practices. 
  • GRESB #1 Ranking in North America Retail Sector. For the third consecutive year, GRESB ranked Macerich first in its sector for environmental and social performance. 
  • Environmental Protection Agency's (EPA) Green Power Partnership List of Top 30 On-site Generation. For the third year running, the EPA recognized Macerich's commitment to expanding on-site renewable energy. 

"We are proud to continue working toward our strategic environmental plan, with specific goals including achieving carbon neutrality by 2030 and zero water waste and zero landfill impact by 2025-2030," said Art Coppola, Chairman and CEO of Macerich. "We are pleased to make a positive difference for our company, our communities and the environment."

To view Macerich's latest Sustainability Report go to www.macerich.com.

About Macerich

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 53 million square feet of real estate consisting primarily of interests in 48 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, DC corridor. Additional information about Macerich can be obtained from the Company's website at www.macerich.com.

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AUSTIN, Texas, June 18, 2018 /PRNewswire/ -- Swytch, a blockchain-based clean energy incentive, and MobileBridge, the international leader in mobile engagement, today announced a partnership to drive sustainable energy generation to reduce global carbon production and to drive economic and environmental sustainability in towns and cities across the globe.

By connecting sustainable energy generation to the consumption of locally produced goods through token loyalty rewards, the goal is to provide significant cash flow to the "Main Street" economy.

The partnership taps the MobileBridge Momentum platform that enhances the relationship between Swytch and the users of its innovative blockchain-based solution that tracks and verifies the impact of sustainability efforts and actions on the worldwide level of CO2 emissions. MobileBridge's Momentum enables Swytch to better manage feedback, incentives and rewards in order to strengthen loyalty and confidence as well as assist in overall ecosystem development.

Advances in technology have prompted marketing innovation and placed a focus on consumer experience and feedback. Momentum's loyalty-driven marketing platform allows Swytch to reward customers in exchange for their attention, business, brand advocacy and feedback, while giving the consumer full control over their personal data and a real monetary value for the support they've provided to the Swytch community.

Swytch leverages smart meter and blockchain technology to reward the companies and people who reduce carbon emissions the most. At the core of the Swytch solution is an open-source "Oracle" that uses artificial intelligence and machine learning to determine how much carbon is being displaced and therefor how many Swytch tokens to award. As a result, producers of renewable energy create Swytch tokens by generating solar, wind and other forms of renewable energy.

"The goal of this partnership is to provide a catalyst for cities of all sizes and locations to produce and use sustainable energy," said Evan Caron, co-founder and managing director of Swytch. "By enabling the necessary economic incentives, we aim to accelerate the transition to the Fourth Industrial Revolution, which is a fusion of technologies that is blurring the lines between the physical, digital and biological spheres and disrupting almost every industry in every country."

About MobileBridge's Momentum
MobileBridge's Momentum platform is the first cryptocurrency-based, loyalty-driven marketing platform. MobileBridge has collaborated with brands such as Burger King, Volkswagen, Dansk, and Pirelli. MobileBridge's Momentum platform offers brands the opportunity to launch their own branded cryptocurrency - an innovative, more efficient way of enhancing brand-customer relationships.

About Swytch
Austin-based Swytch is a blockchain platform that tracks, verifies and rewards those reducing the global carbon footprint. An Open "Oracle" at the heart of the system acts as a distributed authority, awarding Swytch tokens to people, companies and organizations that make a meaningful and measurable difference in reducing emissions. For more information, visit Swytch.io or follow Swytch on Telegram, Medium and Twitter.

All registered or unregistered trademarks are the sole property of their respective owners.

Media Contacts:
Jennifer Hansen
FortyThree, Inc. for Swytch
+1.831.401.3175
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Allison Raygada
Blonde 2.0 for MobileBridge Momentum
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The global industrial turbines market to grow at a CAGR of 4.51% during the period 2018-2022.

Global Industrial Turbines Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is growth in the natural gas pipeline networks. There is a global increase in natural gas production and consumption. With the emergence of cross-country and multi-country pipelines, the demand is expected to further increase in the forecast period.

According to the report, one driver in the market is growth in the electric power consumption and production. There is a global rise in the electric power consumption in the last few years owing to the increase in population, urbanization, industrialization, and rural electrification projects.

Further, the report states that one challenge in the market is growth in the renewable energy sector. The growth in the renewable energy sector, especially solar and wind energy is a major challenge for the global industrial turbines market. There has been a rise in the demand for electricity generation over the last few years due to growth in population, urbanization, and industrialization.

Key Market Trends

  • Growth in the natural gas pipeline networks
  • Technological innovations in gas turbines
  • Growth of waste to energy plants

Key vendors

  • Ansaldo Energia
  • BHEL
  • General Electric
  • Siemens
  • Kawasaki Heavy Industries
  • Mitsubishi Heavy Industries

 Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Market Sizing

Part 06: Five Forces Analysis

Part 07: Market Segmentation By Product

Part 08: Customer Landscape

Part 09: Regional Landscape

Part 10: Decision Framework

Part 11: Drivers And Challenges

Part 12: Market Trends

Part 13: Vendor Landscape

Part 14: Vendor Analysis

Part 15: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/p9sggf/global_industrial?w=5

Media Contact:

Laura Wood, Senior Manager
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For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

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WASHINGTON, June 18, 2018 /PRNewswire/ -- The feel of a work space can be dependent on a variety of factors - temperature, access to daylight, even the direction the building faces. As a building owner or manager, making sure your occupants are healthy and comfortable in their work environment is important. With this in mind, the International Window Film Association (IWFA) is encouraging the use of professionally installed window film.

While sunlight streaming in an office window is beautiful, one in five Americans will develop skin cancer by age 70, and over 5.4M cases of nonmelanoma skin cancer were treated in the U.S. (SkinCancer.org). Repeated exposure to UV light can also cause eye issues including blurry vision and cataracts. Prevention is possible and a useful strategy for workplaces is a professional installation of window film. Once installed, window film blocks 99 percent of UV rays, helping reduce the risk of skin cancer and eye damage.

Among other benefits, professionally installed window film helps avoid interior temperature swings and keeps building occupants comfortable. Window film may help retain heat in the colder months, and in warmer months allows in less than 25 percent of solar energy versus 90 percent without film, keeping the temperature further regulated. The view to the outside doesn't have to be compromised either, as window film is available in a variety of shades, from virtually clear, to medium, or dark. In addition, since the product is always in place, there is no operator involvement needed to enjoy its benefits. 

Furthermore, professionally installed window film can ameliorate glare while still providing adequate light. By reducing excessive sunlight, window film can offer a more productive workspace so occupants can focus on the task at hand.

"A commonly overlooked way to keep building occupants comfortable and healthy in the workplace is with professionally installed window film," said Darrell Smith, Executive Director of the IWFA. "Instead of a full window replacement, which is costly and produces more landfill waste, professionally installed window film allows occupants to enjoy the space with high UV protection, while building operators avoid costly window replacements and can reap significant energy savings."

Professionally installed window film is a wise investment that will bring back a measurable return on investment. Federal, state or local incentive programs may be available for which installed window film may qualify. Visit here available tax incentives. 

For more information and additional professional resources, visit www.iwfa.com.

About the International Window Film Association
The International Window Film Association (IWFA) (
www.iwfa.com) is a unified industry body of window film dealers, distributors, and manufacturers that facilitates the growth of the window film industry though the use of education, research, advocacy and consumer awareness.  The organization builds alliances with trade associations, utilities and government agencies to advance dealers' and distributors' businesses and provide value to their customers.

Media Contact:
Erin Vadala, Warner Communications
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Volvo has become one of the first car manufacturers to take up the issue of plastic pollution.

By 2025 the iconic Swedish brand is targeting 25 percent of all plastic in its cars to come from recycled sources.

While the goal may seem modest, Volvo claims it is “one of the most progressive” among major automobile manufacturers. The plans build on a recent announcement to eliminate single-use plastics at all Volvo events and offices by next year.

To demonstrate the feasibility of the plan, Volvo has built a one-off version of its hybrid SUV. The car uses plastic from discarded fishing nets and ropes in its central console; fibres from plastic bottles in the carpet and on the seating.

“Volvo Cars is committed to minimising its global environmental footprint,” said Håkan Samuelsson, President and CEO of Volvo Cars. “Environmental care is one of Volvo’s core values and we will continue to find new ways to bring this into our business. This car and our recycled plastics ambition are further examples of that commitment.”

“Extensive recycling and reuse of plastic is vital to our efforts to turn the tide on plastic pollution,” said Erik Solheim, Head of UN Environment. “Volvo’s move to integrate plastic waste into the design of their next fleet of cars sets a new benchmark that we hope others in the car industry will follow. This is proof that this problem can be solved by design and innovation.”

Volvo’s plastic pledge is the latest sustainable initiative the company has taken on in recent years. It was one of the first manufacturers to announce a total switch to electric, or hybrid, vehicles, starting in 2019. This feeds into a more ambitious target of transforming its entire global operations to become climate neutral by 2025; one of its plants in Sweden managed to achieve the feat earlier this year.

City leaders and Mayors across the UK are calling on the government to ban the sale of new diesel and petrol vehicles by 2030.

The move would bring forward an initial proposal to phase-out these polluting vehicles by 2040, something the group sees as not soon enough.

The politicians represent over 20 million people in England and Wales, covering major cities, including London, Bristol, Cardiff, Greater Manchester, Liverpool, Newcastle, Oxford, and Sheffield.

The sign of unity comes close to tht start of a national summit on clean air to be held in London this week. The leaders are also calling for stronger air quality standards in the form of a new Clean Air Act, a vehicle renewal scheme, and a fund to invest in cleaner modes of transport.

Mayor of London, Sadiq Khan, said: “We have to take bold action, but while we’re all doing what we can, we need government support to do even more. Banning the sale of new petrol and diesel vehicles by 2030, providing support to deliver Clean Air Zones in cities and introducing a national vehicle renewal scheme will dramatically improve our air quality and our health.”

Mayor Khan has already initiated a number of schemes to clean up the level of air pollution. These include the creation of a new Ultra-Low Emission Zone, which will ensure all vehicles meet strict pollution standards, or face a fine.

It is widely known that air pollution, in the form of particulate matter, and nitrogen oxide, is a major contributor to health problems, such as heart attacks, strokes and lung cancer. The Royal College of Physicians linked high levels of air pollution to 40,000 premature deaths every year in the UK.

Andy Burnham, Mayor of Greater Manchester, said: “We have all been too complacent about the public health crisis of people breathing in illegal, polluted air. It is damaging health and shortening lives, particularly in our poorest communities. Greater Manchester is ready to break out of that and show the ambition needed to clean up our air.”

The government has already been successfully sued on three occasions for allowing illegal levels of toxic air to persist across UK cities.

Steve Rotheram, Metro Mayor for Liverpool City Region, said: “Air pollution is no respecter of boundaries so it is vital that we have concerted action at a national level to effectively tackle an issue which has such an impact on our people’s health and quality of life.”

Andy Street, Mayor of the West Midlands, said: “We need to shift away from diesel as a matter of urgency and I will be an ally for decision-makers especially those in national government who seek to find a way to support ordinary people getting newer cleaner cars to replace their dirty old ones.

Photo Credit: Albert Bridge/CC

BUSAN, Republic of Korea, May 24, 2018/APO Group/ --

Korean President Moon Jae-in has committed to sharing Korea’s technological and industrial experience with Africa and to help it compete in the 4th Industrial Revolution.

His message came at the opening ceremony of the 53rd Annual Meetings of the African Development Bank (https://AM.AfDB.org/en). “Africa is no longer the sleeping lion. Korea is happy to share its industrial experience with the continent. The theme of the Annual Meetings is appropriate for the industrial transformation of the continent, and in facilitating the sharing of experiences with Korea and other partners.” 

African Development Bank (www.AfDB.org) President Akinwumi Adesina thanked the Government of Korea for hosting the Bank’s Annual Meetings. He recalled Korea’s transformation from a poor nation 60 years ago to the 11th largest economy in the world, noting the contribution of industrialization to its transformation. “Today, Samsung and LG television and phones dominate globally, while Korean cars are everywhere. Korea was deliberate and consistent in its industrial drive like China and Japan. Africa must learn from Korea’s industrialization and the equally remarkable experiences of China, Japan, and other parts of the world.”

“Africa must fast-track industrialization. That is why the African Development Bank plans to invest US $35 billion over the next 10 years in its focus on industrialization. The Bank’s industrialization strategy hopes to help Africa raise its industrial GDP from a little over US $700 billion today to over US $1.72 trillion by 2030. This will allow Africa’s GDP to rise to over US $5.6 trillion, while moving GDP per capita to over US $3,350.

“The formula for the wealth of nations is clear: rich nations add value to all they produce; poor nations simply export raw materials. Africa needs to industrialize and add value to everything that it produces – from agriculture, to minerals, to oil, gas and metals. Africa needs to move from the bottom to the top of the global value chains.”

Young Africans can transform the continent given the chance. He described the experience of Clarisse Iribagiza, a young Rwandan woman who earned a master’s in Information and Communications Technology from the Kigali Institute of Science and Technology, a program supported by the Bank. With a modest contribution from the Government of Rwanda, Clarisse launched an ICT business that she recently sold for US $10 million. She is now a member of the Bank’s Presidential Youth Advisory Council.

To unlock Africa’s potential through investment, the Bank has created the Africa Investment Forum (www.AfricaInvestmentForum.com), a transactional platform created by the African Development Bank with its partners to leverage global pension funds and sovereign wealth funds and other institutional investors to significantly invest in Africa. This new investment marketplace will set sail from November 7-9, 2018 from Johannesburg, South Africa.

Dong Yeon Kim, Deputy Prime Minister and Minister of Strategy and Finance of the Republic of Korea, said a new approach was urgently needed. He referred to Uncle Tom’s Cabin, a 19th-century American novel written by Harriet Beecher Stowe that envisioned a promising future for Africa. 

“Harriet Stowe was right. Very surprisingly, we now witness strong evidence of Africa flourishing, just as she predicted. Growth in the region over the past 20 years was 3% higher than the previous period, and the absolute poverty ratio decreased to two thirds of what it was two decades ago.” 

Kim stressed the need for innovative industrialization to translate Africa’s potential into economic prosperity.

“Industrialization policy should take into account the unique conditions of each country. New technologies can provide leapfrogging opportunities by speeding up the industrialization process and creating new value.” Smart infrastructure, he said, presents a promising area for Korea’s contribution.

“Smart infrastructure can provide a new solution to Africa’s shortage in roads, airports and harbours. It allows optimal use of resources and can even replace traditional infrastructure. Africa is already producing substantial outcomes in this area. Going forward, Korea is strongly committed to share its rich expertise and experience as Africa’s close partner.”

In his address, the Chairman of the African Union and Rwandan President, Paul Kagame noted that holding the Annual Meetings in Busan presents a unique opportunity to enforce the growth cooperation between Africa and the Republic of Korea.

“Korea has been a strong and reliable partner of Africa. Africa faces challenges that we can address together,” he said.

Photo gallery: https://goo.gl/bQLNzU

BUSAN, Republic of Korea, May 24, 2018/APO Group/ --

The African Development Bank (www.AfDB.org) is delivering on its goals and making good progress towards achieving its development and operational targets according to the 2018 Annual Development Effectiveness Review (ADER) (https://goo.gl/LQoJUJ), which was released at the Bank’s Annual Meetings in Busan, Republic of Korea.

Every year, ADER scrutinizes the Bank’s operational effectiveness and its organizational efficiency, using the Bank’s results measurement framework for 2016-2025. It brings together evidence of strengths and weaknesses to provide management with a clear understanding of what has worked well and what the Bank must do better to achieve its High 5 development goals.

“The report shows that the African Development Bank is delivering on its commitment to help Africa achieve the Bank’s High 5 priorities,” said Charles Boamah, Senior Vice-President. “The Bank continues to strengthen its effectiveness as an organization, while scaling up its operations.”

This year’s ADER has a special focus on industrializing Africa. “There are good reasons to be optimistic that industrialization is achievable in the coming years. Africa is open for business, with stable economies and supportive business environments,” said Bank President, Akinwumi Adesina. “It has a young and growing workforce that is increasingly global in outlook. Urbanization and the rise of the African middle class are opening up new consumer markets, which act as a magnet for investors.”

In 2017, companies had improved access to transport, energy, and skills, which expanded their ability to do business across the continent. The Bank contributed to these improvements: it provided 14 million people with access to transport – well above its target – while building or rehabilitating 2,500 km of roads in 2017 and also helped 210,000 small and micro businesses access finance, which benefitted 2.6 million people.

“This level of performance is promising, but we must continue driving operational delivery and impact,” said Simon Mizrahi, Bank Director for Delivery, Performance Management and Results.

The Bank is scaling up its efforts to accelerate the pace of industrialization, supported by its presence in 38 countries and by timely and quality operations. This backbone and experience position the Bank well to mobilize more resources from institutional investors around the world for industrial development.

Download the full report: https://bit.ly/2GOCfVe

BUSAN, Republic of Korea, May 24, 2018/APO Group/ --

On the sidelines of the African Development Bank (www.AfDB.org) Annual Meetings in Busan, Korea, the Fund for African Private Sector Assistance (FAPA) (https://goo.gl/bkP5Bm) donors and the African Fertilizer and Agribusiness Partnership (AFAP) have signed a grant agreement in support of local supply and utilization of fertilizer by smallholder farmers in Africa.

This FAPA grant of US $1 million will help increase affordability, accessibility and incentives for fertilizer use among smallholder farmers in Africa and expand the supply and distribution of fertilizer by leveraging investments. It is also intended to create over 1,000 jobs for women and youth. AFAP, the grantee, will match the FAPA grant.

The agreement was signed Wednesday by Jennifer Blanke, the African Development Bank’s Vice-President for Agriculture, Human and Social Development, and Jason Scarpone, CEO of the African Fertilizer and Agribusiness Partnership.

“This project is very much in line with the Feed Africa strategy of the African Development Bank.  It will promote  greater local supply of fertilizer to farmers thereby increasing productivity, which is central to the transformation of value chains,” Blanke said.

This initiative complements the Bank’s strategy for transforming agriculture value chains in Regional Member Countries and strengthening private enterprises. It also helps improve access to finance for blending companies and joint ventures in the agriculture sector. It will enhance distribution through agriculture input systems with agro-dealer networks in the targeted countries: Côte d’Ivoire, Ghana, Nigeria, Mozambique and Tanzania.

“Agriculture is one of the five priority areas of the Bank.  In Sub-Saharan Africa, 60% of the population lives in rural areas, while the proportion of agriculture in GDP is less than 20%,” said Soichiro Imaeda, Parliamentary Vice Minister for Finance in Japan, one of donors to FAPA. 

“Improving agricultural productivity is an urgent issue in achieving sustainable economic growth in Africa. We hope that this project will be effectively utilized and that farmers’ access to fertilizer will expand and agricultural productivity will increase in the five target African countries including Côte d’Ivoire, Ghana, Mozambique, Nigeria and Tanzania.”

“Today’s grant agreement is not just about improving the productivity of smallholder farmers in Africa; it also encourages  local supply and utilization of fertilizer in Africa. We’ll continue, through FAPA, to support agriculture finance projects in Africa,” Olivier Eweck, Director of the Syndication, Co-financing and Technical Solutions Department at the Bank, and Chair of the FAPA Technical Committee, said Wednesday.

SãO TOMé AND PRíNCIPE, Africa, June 5, 2018/APO Group/ --

The first President of the African Development Bank (www.AfDB.org) group to set foot on São Tomé and Príncipe, Akinwumi Adesina has arrived in the country for a five-day official visit to strengthen alliances between his institution and this lower middle-income island nation with a fragile economy.

He was welcomed by Américo dos Ramos, the Minister of Finance, Trade and Blue Economy, who is also the country’s Governor at the African Development Bank, and by the Minister of Foreign Affairs, Urbino Botelho.

To help promote a competitive financial sector, the President of the African Development Bank launched the Payment System Infrastructure and Financial Inclusion Project (SPAUT) on Monday. The project – financed by a US $2.16-million loan from the African Development Fund, $299,000 from the World Bank and €345,600 from the Portuguese Trust Fund – aims to expand financial inclusion on the island.

“The payment system project launched today will have considerable development impact for São Tomé. An upgraded payment system infrastructure allows for and promotes interconnectivity with international credit cards such as Visa and MasterCard,” Adesina said.

“This, in turn, will help the country to position itself for what could be a genuine gold rush in the form of the tourist trade, as well as the longer term and more sustainable benefits of increasing regional and international trade, vital for island economies. It will also enhance private-sector growth through easier financial management conditions for enterprises, especially small and medium-sized enterprises.”

Américo Dos Ramos welcomed the completion of this long overdue project. “We must meet the demands of our dynamic and ever-growing economy and our transformation agenda requires improvement of our financial platform to facilitate national and international financial transactions,” he said.

Earlier, the African Development Bank President and his delegation held a meeting with the Prime Minister, Patrice Emery Trovoada, the Governor of the Central Bank of São Tomé, Hélio Silva Almeida, and the Ministers of Finance, Infrastructure, Agriculture and Education. A meeting with the Head of State of São Tomé, Evaristo Carvalho, is also planned.

“Despite the many achievements of the government, we continue to face challenges in this country,” the Prime Minister said. According to him, improvement of airport infrastructure, which has allowed for an increase in the number of tourists, and port management are the key pillars of economic development.

Adesina commended the Government for its continued commitment to the implementation of macroeconomic and structural reforms to ensure stability and growth. “This country is beautiful and blessed. There is no reason for poverty to persist here,” he declared. Priority areas are job creation, especially among young people and women for inclusive growth, he said. Adesina also expressed the Bank’s willingness to help São Tomé and Príncipe to develop a blue economy strategy.

“We believe in the economy and the future of this country,” he said.

During roundtables with donors, bankers and the private sector, the Bank President invited the various stakeholders to the Africa Investment Forum (AIF) (www.AfricaInvestmentForum.com) to be held from November 7-9, 2018 in Johannesburg, South Africa.

Adesina is expected to visit two sites financed by the African Development Bank that have made significant contributions to the development of the rural sector. They include the Agronomic and Technological Research Center (CIAT), responsible for the protection and control of food products and the conservation of seeds, and the agro-pastoral technical improvement centre (CATAP). Both centres have been rehabilitated and equipped by the Bank.

Adesina will also visit Agripalma, a concession covering almost 5,000 hectares, located south of the island and intended for industrial oil palm plantations. More than 2,200 hectares of palm groves have been planted. A factory – currently under construction – will produce its first yield in 2018.

On the last day of his official visit, Adesina will visit Príncipe Island and meet with the President of Regional Government, José Cassandra.

The Bank Group commenced lending operations in São Tomé and Príncipe in 1978. São Tomé and Príncipe hosted one of the Bank’s first National Program Offices opened in 1995. To date, the country has benefited from cumulative financing of US $195.20 million since 1978. Assistance has expanded to several key sectors of the economy, including agriculture, structural adjustment programs, energy, transport, roads, telecommunications, water and sanitation, governance, financial sector and private sector development.

There are six ongoing operations valued at US $35.38 million. Public-sector projects account for 100% of the total portfolio, as there are no private-sector operations or multinational projects. The share of the active portfolio by sector is as follows: agriculture, 57%; and multi-sector and finance, 37% and 6%, respectively.

BUSAN, Republic of Korea, May 25, 2018/APO Group/ --

Scientific evidence shows that African economies are already reeling from the devastating effects of climate change, further exacerbating their development challenges. Of the 10 countries in the world that are most threatened by climate change, seven are in Africa.

Cognizant of this situation, the African Development Bank (www.AfDB.org) led the way to what may turn out to be Africa’s most decisive action to ensure that the continent is not short-changed by climate finance.

At the 53rd Annual Meetings of the Bank (https://am.AfDB.org/en), in Busan, Korea, the institution brought stakeholders together for an “open dialogue” to discuss the establishment of the Africa Financial Alliance for Climate Change (AFAC). The initiative was well received by key continental and global stakeholders who agreed with the Bank that Africa needs immediate climate change action.

“The establishment of the African Financial Alliance for Climate Change is a call for us to stand together to mobilize climate finance at scale to meet the needs in Africa,” Akinwumi Adesina, President of the African Development Bank, said Friday.

The 2015 Paris Climate Agreement calls on countries to increase their ability to adapt to the adverse impacts of climate change without threatening food production, and make financial flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.

“As Africa’s premier development financial institution, the African Development Bank is already taking action. The Bank is leading Africa’s transition to climate resilient economies,” he said. “The financing needs to meet the ambitions of the Paris Climate Agreement in Africa are enormous. The implementation of Africa’s Nationally Determined Contributions (NDCs) would require investments of at least $2.7 trillion for mitigation and another $488 billion for adaptation by 2030.”

The international community has pledged to mobilize $100 billion in climate finance per annum by 2020 to support adaptation and mitigation projects in developing countries. However, of the US $820 billion in climate finance flows for 2015 and 2016, only US $16 billion was for Africa. This represents a mere 2% of the total.

“This is why the African Development Bank is hosting this open dialogue to initiate the establishment of the African Financial Alliance for Climate Change as a call for us to stand together to mobilize climate finance at scale to meet the needs in Africa,” Adesina added. 

He noted that the Bank could not achieve the task alone, pointing out that without achieving the Paris Climate Agreement in Africa, the world will not achieve the required reductions in greenhouse gases to keep global temperatures below the required target.

The Alliance brings together Africa’s financial sector, including Ministers of Finance, Central Banks, insurance and reinsurance companies, sovereign wealth and pension funds, stock exchanges as well as global thought leaders to mobilize climate finance for Africa. It also hopes to come up with concrete proposals to mobilize both domestic and international finance for climate-resilient development in Africa.  “Together, we can create a Decarbonisation Index for Africa,” President Adesina told the meeting.

“The idea of having the Alliance is a fantastic one, because we recognize that the world is also looking to us. While Africa is not the primary cause of the climate change that we see in the word today, we are the continent where the impact is very great, and the world is not as prepared to finance us to take care of this impact. We can’t let it go because it is our people who are suffering,” said Ngozi Okonjo-Iweala, Chair of the Africa Risk Capacity (ARC).

“Just for you to know the impact of climate change, of all the drought that occurs in the world, 41% occurs on the African continent. We lose about 485,000 people to indoor pollution, premature deaths that could have been avoided and also the devastating impact caused by flood. I can go on and on.”

The President of the Development Bank of Southern Africa (DBSA) and Chair of the Association of African DFIs, Patrick Dlamini, observed that collaboration was crucial to catalyzing funds and making a difference. “This is possible under the leadership of the African Development Bank. We can then play our role as development finance institutions to being the policy instruments of our various Governments and in alliance with partners.”

The CEO of the Global Environment Facility (GEF), Naoko Ishii, pledged the support of her organization for the Alliance and was optimistic that it would motivate the GEF to do much more for Africa.

For his part, Howard Bamsey, CEO of Green Climate Fund, said, “The Alliance is a fundamental step towards meeting the climate change challenge in Africa. There has to be an African solution to the challenge that we face and this initiative presents the opportunity to mobilize that.”

The Africa Financial Alliance for Climate Change will be launched on the margins of the Africa Investment Forum (www.AfricaInvestmentForum.com) in South Africa, November 7 to 9, 2018 and will bring together heads of financial institutions.  

SolarEdge Technologies, Inc. is expanding its commercial solution with the launch of larger-capacity three-phase inverters with synergy technology and a multi-input power optimizer in order to further improve the scalability and performance of its commercial PV systems.

Canadian Solar’sBiKu modules are at the forefront of high efficiency dual-cell bifacial modules in the industry. Its poly bifacial modules have up to 365 W power output on the front side and 75% bifaciality. It can increase energy yield by up to 30% with backside contributions under certain albedo, thus lowering LCOE dramatically. Canadian Solar’s BiKu modules will certainly help you maintain IRR on your project investment, in case project PPA decreases year after year.

The companies were announced today at the official launch of the Platform during the EU Sustainable Energy Week. These major corporate energy users and supply side companies were highlighting the growing demand for clean energy and the need for clear and enabling policy frameworks.

Brussels – EBC, the European Builders Confederation representing construction micro, small and medium-sized enterprises in Europe, has joined the Small is Beautiful campaign to support small-scale renewable and co-generation installations in Europe. These installations are currently under threat in the Clean Energy Package negotiations, as Member States move to withdraw incentives, such as priority dispatch for the smallest renewable installations.

Ingeteam will once again be present at the world’s leading event in the solar sector: Intersolar Europe. At its 150 m2 stand, the company will showcase its very latest products and technology for PV plants, as well as control, monitoring and automation systems and battery inverters.

Solar jobs and wealth creation in Europe are set to increase to nearly 175,000 full time jobs and 9,500M value added by 2021, according to a new EY report. The EY report also shows that an increase in ambition for the European Union 2030 renewable energy target from 27% to 35% will result in more than 120,000 new solar jobs alone.

Dominique Ristori, Director-General, European Commission, DG Energy, speaking at the launch event of the report, said: "We want to see solar and clean energy well-developed in Europe, more solar jobs and generated value is key to moving towards a sustainable lowcarbon economy."

MEP Butikofer commented "Crucially in the short term, removing solar trade measures currently enforced by DG Trade in the European Commission could give a welcome boost to the European solar industry including new jobs."

MEP Marijana Petir, stated "This surge is only possible if countries increase their solar deployment rate in line with policy requirements to 2020. With the right policies in place this growth could be even greater by 2030. Member States should have the necessary flexibility to boost renewable energy that is available on their territory. With this approach Member states could develop incentives to reduce the greenhouse gas emissions and to create new jobs in the most efficient way."
"Our calculations show that Spain will have the highest number of new jobs, with an expected growth of 471% from 2016 to 2021, followed by Greece (+403%), and Poland (+381%)" said EY on their findings for the report.

Christian Westermeier, President of SolarPower Europe said: "The more solar installed the more jobs and economic growth we will see in Europe. We need to remove all barriers to solar starting with withdrawing the trade measures currently in place on solar panels and cells accompanied by a predictable regulatory environment for PV in Europe. EY found that the average PV system price in Europe has decreased by 23% in 2016, compared to 2014, but we know that the price could be even lower if we ended the artificially high tariffs on solar products, which would boost jobs and economic activity in the countries of the EU."

U.S.-based NRG Systems announced today that Lasser Eólica has joined its global network of service partners and dealers. Based in Spain, Lasser Eólica engineers, installs, and maintains met tower systems across Europe, North Africa, and the Middle East.

Verano Capital, an American project developer headquartered in Chile, announced that it won 18% of the solar capacity in auction at the Argentinian energy tender with its 100 MW VeCaSo-1 solar project. Located near Mendoza, Verano’s PV project was selected on a winning bid at $42.50/MWh.

Abigail Ross Hopper, President and CEO of the Solar Energy Industries Association (SEIA), issued the following statement after the U.S. International Trade Commission (ITC) announced a split remedy recommendation for the Section 201 trade case

Joint filing from broad array of groups takes aim at financial “Beneficiaries” as the only entities to support the DOE proposal – and whose filings fail to establish that the proposed subsidies are needed or legally valid

As demand for solar energy surges across America, today the Solar Energy Industries Association (SEIA) and Alta Energy jointly released a white paper highlighting an underutilized financing tool that can help boost commercial and industrial (C&I) solar development nationwide.

Urban Grid Holdings, LLC (Urban Grid), a leading developer and financier of solar projects throughout the United States, is pleased to announce the completion of two solar installations for Allegany County, Maryland totaling 2.14 MW.

NTPC to use Treated Sewage Water

14th Jun, 2018

NTPC, India’s largest power generating company will use treated sewage water at its Dadri Power Station. This is in line with the tariff policy amendment by Ministry of Power, which requires mandatory use of treated sewage water from Sewage Treatment Plant (STP) of municipal body for thermal power plant located within 50 kilometre radius of the STP.

As a part of its corporate ethos, NTPC aims at utilization of waste water to ensure a sustainable ecological balance by minimizing waste and reusing treated wastewater at its power stations. NTPC has always made a pro-active approach towards environment, adoption of latest technologies, and continual environment conservation.

Company signed a Memorandum of Understanding (MoU) with Noida Authority on 14th June 2018 at Noida, for the supply of 80 MLD treated sewage water to NTPC Dadri plant. The project is expected to get completed in next three years.


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Triton brings user-friendly and pocket-friendly Backup Solutions From 10KWH to 10MWH of requirements. The offering is live for entire India. From common households to manufacturing units to small commercial setups to mission critical healthcare institutions, Triton’s offerings covers customers of almost every size and type.

New Jersey Based Triton Solar LLC, known for making innovative solar panels and solar energy based products, has made a remarkable introduction of their Solar based Power Backup solutions for the Indian market. The Triton’s unique Power Backup solution comes as a service offering delivered on easy monthly rental plans.

With this offering from Triton Solar, customers can avail the solar-based power backup solution for all their power needs including mission critical and regular household operations on an extremely affordable rental plan. For example, a 10KWH backup solution can be offered at a very appealing monthly rental plan.

Commenting on the landmark offering for the Indian consumers, Himanshu B. Patel, Founder Chairman of Triton Solar stated, “Power availability in India is a subject of very critical importance. At Triton, we always focused on creating a robust, innovative and affordable solution for the power backup. In our bid to innovate, we used our unique printed solar panel technology and designed a robust working model which can be installed at the customer premise. The entire solution will be offered in a package of service which will ultimately at affordable cost considering a strong mass appeal.”

The solar backup solution is offered to the customer on a simple monthly rental plan and the customer doesn’t need to pay any amount upfront for the installations.

Conventional power backup solutions have a lot of limitations. The biggest challenge of fuel consumption followed by the crisis of air and noise pollution makes it incomparable with Triton Solar’s Power Backup solution. “In addition to the above-mentioned points that make the conventional power backup solutions very unaffordable and costly the overall experience of power backup is usually not so good in the diesel based power generators. For example, whenever the power goes down, our back solution takes less than 5 mile-seconds to switch over. Imagine a hospital or even a manufacturing facility where the availability of power means everything, our solution give almost a seamless experience whenever power switching takes place,” says Himanshu B. Patel.

The solution can start from 12 KV and it goes up 10 MW. “From households to commercial setups, including high voltage mission-critical requirements for facilities such as data centers, healthcare institutions, schools, commercial places, manufacturing facilities and so on our solution is a one-stop redundant solution that fits all,” he further commented.

As a business background, Triton Solar LLC is the producer of high quality, highly efficient solar cells, flexible lighting, and batteries. Triton Solar is the only company in the world to provide hybrid solar panels that not only generate power but also store it for use at a later time. This is done without communication to the electric grid, making our solar panels the most efficient on the market. Company’s nanotechnology is applied to printed lighting and batteries, which can be customized for multiple applications. Triton Solar serves small business owners, educational institutions, and national governments to help with their ‘go green’ project management needs. Any business house, commercial or individual who demand efficient, sustainable energy solution will ultimately get attracted towards Triton Solar’s Power Backup solutions.

About Triton Solar

Triton Solar, LLC is the producer of high quality and highly efficient printable solar cells, printed lighting, and printed batteries. Triton Solar has become a worldwide organization with its headquarters in Cherry Hill, New Jersey. Triton is currently the only supplier in the world to offer flexible and printed solar panels, lighting, and batteries. This game-changing technology allows for all of our products to be printed onto a flexible medium, creating countless applications for our products.

Azure Power wins 75 MWs, highest allocation out of a 100 MW tender, in Assam

Azure Power, one of India’s leading independent solar power producers, announced that it has won the largest (75 MWs) solar power project in the North Eastern region of India. Azure Power will sign a 25 year Power Purchase Agreement with Assam Power Distribution Company Limited at a weighted average tariff of INR 3.37 per kWh. The project will be developed by Azure Power outside a solar park and is expected to be commissioned in 2019.

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The business case for nanogrids responds to many of the same arguments used to represent microgrids. These small, modular and flexible distribution networks are contrary to larger-scale economic scale thinking, which has guided energy planning for most of the past. Nanogrids pushes the bottom-up energy paradigm to the limit. In some cases, the business case expressed by the network is even more radical than the microgrid; in other cases, the nanogrid is in peace with the status quo.

The European Society for Quality Research have conferred on Amplus Solar 'The European Award for Best Practices Award 2018' in a glittering ceremony held at Le Plaza hotel in Brussels.

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 Union Minister for Railways, Coal, Finance & Company Affairs, Shri Piyush Goyal today inaugurated Neyveli Lignite Corporation India Limited (NLCIL)’s three 100 MW Solar Power Projects for commercial operation and dedicated these projects to the Nation .

The Solar Power projects situated at Thoppalaakkarai and Sethupuram in Virudhunagar District and Sellaiya Sezhiyanallur in Tirunelveli District, with an installed capacity of 100 MW each, were erected at a cost of Rs.1300 Crores, which includes Operation & Maintenance cost for 15 Years. The power produced from these units will be given to Tamilnadu Power Generation and Distribution Company (TANGEDCO) at a cost of Rs.4.41/- per unit.

Shri  Piyush Goyal  in his inaugural address  lauded the efforts of  NLCIL Management, Employees and trade unions  for their unstinting efforts for the growth of organization with a  new vision. He appealed to all employees to strive for the growth of the company with new vision to realize the New India to take care of future generations.

Shri  Piyush Goyal  also appreciated the CSR initiatives of the organization. He urged the management to co-ordinate with the Railways and to start free WiFi for students, open Jan aushadhi Kendras and make sanitary napkins available on all eight railway stations near Neyveli. He also suggested to explore the possibility that the old age home and orphanage, run by the PSU, should be run from a single complex, so that the integrated home can enrich both the children and the elders.

 A Memorandum of Understanding was also signed by NLCIL and Anna University in the presence of Hon’ble Minister, Chairman and Managing Director and other functional Directors of NLCIL. This MOU was signed by Dr. V. Manoharan, General Manager/Centre for Applied Research & Development, NLCIL, Neyveli and Dr. S. Ganesan, Registrar, Anna University, Chennai. The MoU would help set up a pilot project on solar drying of lignite, in order to increase its Caloric Value from 2700 Kcal to 4350 Kcal. The cost of the pilot project is Rs.2 Crore 69 Lakhs.

NLCIL is a 'Navratna' profit making, Government of India Enterprise engaged in mining of lignite and generation of power through lignite based thermal power plants. NLCIL was established by GoI in 1956, following the discovery of lignite deposits in Neyveli, Tamil Nadu.

 

 

 

 

Shri Piyush Goyal, Hon’ble  Minister for Railways, Coal, Finance & Company Affairs and Dr. S.K Acharya CMD,NLCIL  and Shri Rakesh Kumar  Director (Finance) dedicating NLCIL's Three 100 MW Solar Power Projects  to the Nation at Neyveli ,on 14.06.2018

 

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SBS/SK

 

 

Swajal Launched in 115 Aspirational Districts of India

Centre to Spend Rs 1000 Crores to Provide Clean Drinking Water to 27,500 Quality-Affected Habitations

A National Consultation on the National Rural Drinking Water Programme (NRDWP) and Swajal was held in the Capital today to discuss the reforms needed in NRDWP and to outline a road map for the Swajal scheme. The consultation was chaired by the Union Minister of Drinking Water and Sanitation, Sushri Uma Bharti. The Minister of State for Drinking Water and Sanitation, Shri Ramesh Jigajinagi, was also present. Ministers-in-charge of Drinking Water from 13 States, including Assam, Bihar, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Maharashtra, Manipur, Meghalaya, Nagaland, Uttar Pradesh and Uttarakhand, attended the consultation and gave their views on the reforms needed in the ongoing Centrally-sponsored drinking water schemes being implemented in the respective states.

Union Minister for Drinking Water and Sanitation announced that Swajal schemes in 115 aspirational districts of the country will involve an outlay of Rs 700 crores through flexi-funds under the existing NRDWP budget. These schemes will aim to provide villages with piped water supply powered by solar energy. The scheme will train hundreds of rural technicians for operation and maintenance of Swajal units. The Minister spoke about the relevance of Swajal in remote rural areas in the aspirational districts of the country.

The Minister also announced the modernisation of 2000 water quality testing laboratories spread across the country. She urged the State Ministers to closely monitor the functioning of the water laboratories so as to ensure safe drinking water for rural Indians. She further said that Rs.1000 crores will be earmarked for addressing the drinking water needs of 27,544 arsenic and fluoride affected habitations of the country in this financial year under the National Water Quality Sub-Mission (NWQSM). She also highlighted the importance of rain water harvesting and water conservation, announcing that a special communication campaign will be taken up in the country to create awareness on the same. Further, she called upon the States to ensure that the Sustainable Development Goal ‘safe drinking water for all’ is achieved in India by 2030.

Secretary, Ministry of Drinking Water and Sanitation, Shri Parameswaran Iyer, in the keynote address, outlined the reforms undertaken in NRDWP to make it outcome-based, sustainable and put a significant part of the programme on challenge mode to encourage healthy competition between States. Joint Secretary (Water), Smt. Radha V, gave a presentation on proposals to further strengthen the NRDWP and special features of Swajal scheme and its implementation plan.

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AR/SNC/SD

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved an Agreement between India and Peru which was signed in May, 2018 at Lima, Peru.

The agreement aims to establish the basis for a cooperative institutional relationship to encourage and promote technical bilateral cooperation on new and renewable issues on the basis of mutual benefit equality and reciprocity. The Agreement envisages establishing a Joint Committee to develop Work Plans in order to implement the Agreement.

  The Agreement will help in strengthening bilateral cooperation between the two countries.

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AKT/VBA

 

Giriraj Singh, Minister of State (I/C), MSME, addressing the press today.

 

 The Solar Charkha Mission of the Ministry of Micro Small & Medium Enterprises (MSME), will be launched by the President, Ram Nath Kovind on June 27, 2018 in New Delhi.  The Mission will cover 50 clusters and every cluster will employ 400 to 2000 artisans. The Mission has been approved by the Government of India and will disburse subsidy of Rs. 550 crore to the artisans. This was informed by the Minister of MSME at a press conference in New Delhi today while releasing a booklet on the 4 years’ achievement of his Ministry.

 

The Minister further informed that 15 new state-of-the-art technology centers are being set up all over the country including North-East, of which 10 centers will become operational by March 2019. Each center is being built at a cost of around Rs. 150 crore. The 10 centers which will become operational soon are located in Durg (Chhattisgarh), Bhiwadi (Rajasthan), Rohtak (Haryana), Visakhapatnam (Andhra Pradesh), Bengaluru (Karnataka), Sitarganj (Uttarakhand), Baddi (Himachal Pradesh), Bhopal (M.P.), Kanpur (U.P.) and Puducherry.

 

The Minister further informed that under Prime Minister's Employment Generation Programme (PMEGP) budgetary allocation for FY 2018-19 has been increased by 75% to Rs. 1,800 crore. In order to incentivize entrepreneurs, mainly women and SC/ST, Government will be making an investment of about Rs. 10,000 crore in the micro sector in this financial year.

 

The Minister also informed that work being done by the Ministry has promoted Ease-of-Doing-Business with the setting up of 4 portals: ‘MSME Sambandh’, MSME Samadhaan, Udyog Aadhaar and Udyam Sakhi.

 

He also informed that the Ministry of MSME has provided training to over 15 lakh people during the last 4 years through its various initiatives.

 

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MM/ KA

 

 

Shri Hardeep S Puri, Minister of State(I/C) for Housing & Urban Affairs has stated that Smart City Center project is a unique component of the Smart City Mission which is helping in improved and efficient delivery of public services. He was speaking while chairing the Consultative Committee meeting attached to the Ministry of Housing & Urban Affairs held at Surat on 8th June, 2018.  Shri K.R.P. Prabhakaran, MP-LS, Shri RaghavLakhanpal, MP-LS, Shri Rattan Lal Kataria, MP-LS, Shri Santokh Singh Chaudhary, MP-LS, Shri Durga Shankar Mishra, Secretary and senior officers of the M/o HUA attended the meeting.        

 During the meeting presentations were made by the CEO/representatives of Smart cities from Surat, Bhopal, Ahmedabad, Pune, Visakhapatnam, NDMC & Bhubaneshwar.The presentations showcased the progress made by projects in various sectors like Smart class rooms (Visakhapatnam& NDMC), Social Equity Centre(Bhubaneshwar), Mayor’s Express(Bhopal), Disaster resilience mechanism adopted in smart cities located in coastal areas etc. The members of Consultative Committee were also shown some of the projects in Surat Smart City like Bamroli Tertiary Treatment Plan, Althan Water Treatment Plant, Visible Improvement of area-Smart Road, Affordable Housing projects, Vertical Garden, BRTS (Gujarat Gas Circle), Surat Fort and SMAC Centre.  

Currently nine Integrated Control and Command Centre at Ahmedabad, Kakinada, Visakhapatnam, Nagpur, Pune, Rajkot, Surat, Vadodara and Bhopal have become operational. Sh. Puri said that it has been observed that the cities are becoming cleaner due to monitoring of cleaning work through CCTV cameras leading to reduction in instances of thrown garbage, littering, urination in public and nighttime burning of garbage while increase in traffic challans issuance indicates an orientation for better traffic discipline. He further informed that Intelligent Transit Management System has helped Ahmedabad to improve its operational efficiency by reducing its operational cost while improving the service levels. He further said that Smart City Centers are also providing technological support in ensuring better safety of women on our streets, environment sensitivity of people, faster response and better preparedness for emergencies and disasters.

During the course of the meeting, the Minister further informed that around 1350 projects worth Rs.50,000 crore have been tendered in the Smart City Mission, of which work has begun or has been completed in 950 projects costing Rs 30,675 crore. Another 400 projects costing about Rs.20,000 crore are at tendering stage.  Other projects being implemented in the mission are Smart Roads which optimize the utilization of space and are adding universal accessibility in 31 cities.   47 cities are implementing more than 120 MW of solar projects promoting cleaner energy. Development of public spaces like riverfront, water fronts, rejuvenation of city lakes and ponds are a priority of the mission, he said.One innovative feature of the mission, is that our municipal bodies need to leverage their financial resources by municipal bonds, value capture finance, PPP, multi-lateral loans etc. It is noteworthy that 98 projects costing Rs. 6,000 crore are under implementation with Public Private Partnership (PPP). PPP projects are getting good responses not only in the big cities but even in the smaller towns.

Dwelling on the way forward, the Minister informed that making Urban Local Bodies financially self-sufficient is very important for sustainable development. The Ministry of Housing and Urban Affairs has also started a campaign to do the credit rating of cities, which has been completed in 412 cities. He informed that 155 cities have "investment grade".                   

 

RJ/SB

 

 

 

 

 Central Electro Chemical Research Institute (CECRI), Karaikudi, Tamil Nadu under Council of Scientific & Industrial Research (CSIR) and RAASI Solar Power Pvt Ltd have signed a Memorandum of Agreement for transfer of technology for India’s first Lithium Ion (Li-ion) Battery project. The Agreement was signed in Bengaluru on Saturday (June 09, 2018) by Dr Vijayamohan K. Pillai, Director, CECRI and C. Narasimhan, Chairman-cum-Managing Director of RAASI Group in the presence of  Union minister for Science & Technology Dr Harsh Vardhan.

A group at CSIR-CECRI headed by Dr Gopu Kumar has developed an indigenous technology of Lithium-ion cells in partnership with CSIR-National Physical Laboratory (CSIR-NPL) New Delhi, CSIR- Central Glass and Ceramic Research Institute (CSIR-CGCRI) Kolkata and Indian Institute of Chemical Technology (CSIR-IICT) Hyderabad. CSIR-CECRI has set up a demo facility in Chennai to manufacture prototype Lithium-Ion cells. It has secured global IPRs with potential to enable cost reduction, coupled with appropriate supply chain and manufacturing technology for mass production.

Currently, Indian manufacturers source Lithium Ion Battery from China, Japan and South Korea among some other countries. India is one of the largest importers and in 2017, it imported nearly 150 Million US Dollar worth Li-Ion batteries.

“Today’s development is a validation of the capabilities of CSIR and its laboratories to meet technology in critical areas to support our industry, besides other sectors,” said Dr Harsh Vardhan after the signing ceremony. “It will give tremendous boost to two flagship programmes of Prime Minister Narendra Modi – increasing the share of Clean Energy in the energy basket by generating 175 Giga Watts by 2022, of which 100 Giga Watts will be Solar and the second, National Electric Mobility Mission, to switch completely to electric vehicles by 2030.”

Dr Harsh Vardhan said, the project is in tune with Prime Minister’s vision of “Make in India”, to turn India into a manufacturing hub and to cut down outflow of foreign exchange.

Raasi Group will set up the manufacturing facility in Krishnagiri district of Tamil Nadu close to Bangalore. “We want to bring down the cost of cell manufacturing below Rs. 15,000/- per KW to replace Lead Acid Battery,” said Narasimhan. “We also have plans to make Lithium Ion battery for solar roof top with life span of 25 years to make it affordable enough to drive the Photo Voltaic segment.”

Li-Ion batteries have applications in Energy Storage System – from hearing aid to container sized batteries to power a cluster of villages, Electric Vehicles (2-wheeler, 3-wheeler, 4-wheeler and Bus), portable electronic sector, Grid Storage, Telecom and Telecommunication Towers, Medical Devices, Household and Office Power Back (UPS), Powering Robots in Processing Industry. Lithium-ion batteries can power any electrical application without the need of physical wires-means wireless. 

 

Dr Jitendra Yadav, Director, CSIR-National Aerospace Laboratories, Bengaluru, Dr Vidyadhar Mudkavi, Director, CSIR-4PI, Dr. M. Annadurai, Director, ISRO Satellite Centre, Bengaluru were also present on the occasion. Dr Annadurai stressed, the Li-Ion cells developed by ISRO is primarily for space applications and there is room for convergence.

 

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SRD

Canadian Solar, one of the world's largest solar power companies, has acquired 97.6MWp solar photovoltaic project in Cafayate, Salta Province, Argentina.

The Cafayate Project was awarded in the second public renewable energy tender in Argentina, receiving a USD denominated 20-year Power Purchase Agreement at US$56.28/MWh. Canadian Solar plans to start construction on the plant in July 2018. Once connected to the grid by Q2 of 2019, the plant will generate approximately 235,777 MWh of electricity per year, which will be sold to CAMMESA.

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.

SANTA MONICA, Calif., June 18, 2018 /PRNewswire/ -- Macerich (NYSE: MAC), one of the nation's leading owners, operators and developers of major retail properties in top markets, today released its updated Sustainability Report, detailing its fully integrated environmental approach, awards and achievements. 

Recognized as the U.S. retail real estate industry's leader in sustainability, Macerich demonstrated continued strong environmental performance in 2017, including:

  • Produced nearly 39 million kWh of clean energy from 12 on-site solar power projects and 6 on-site fuel cell systems – more than double the amount produced in 2016
  • Reduced energy consumption by nearly 9% or 55.85 million kWh over 2016
  • Reduced carbon emissions by 20 million metric tons in 2017, which is equivalent to taking 4,450 vehicles off the road for a year
  • Reduced water used across the portfolio in 2017 by 27 million gallons over 2016 – which brings total reduction since program inception to over 300 million gallons
  • Recycled more than 17,930 tons of waste
  • Provided 53 electric vehicle (EV) charging stations at 29 sites – an increase of 13 sites and 15 total charging stations over 2016

Macerich's wide-ranging sustainability efforts and strong results in 2017 earned the company a number of prestigious awards and accolades including:

  • NAREIT Retail "Leader in the Light." For the fourth straight year, Macerich received this significant award recognizing superior and continuous sustainability practices. 
  • GRESB #1 Ranking in North America Retail Sector. For the third consecutive year, GRESB ranked Macerich first in its sector for environmental and social performance. 
  • Environmental Protection Agency's (EPA) Green Power Partnership List of Top 30 On-site Generation. For the third year running, the EPA recognized Macerich's commitment to expanding on-site renewable energy. 

"We are proud to continue working toward our strategic environmental plan, with specific goals including achieving carbon neutrality by 2030 and zero water waste and zero landfill impact by 2025-2030," said Art Coppola, Chairman and CEO of Macerich. "We are pleased to make a positive difference for our company, our communities and the environment."

To view Macerich's latest Sustainability Report go to www.macerich.com.

About Macerich

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 53 million square feet of real estate consisting primarily of interests in 48 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, DC corridor. Additional information about Macerich can be obtained from the Company's website at www.macerich.com.

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/macerich-releases-updated-sustainability-report-300667967.html

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AUSTIN, Texas, June 18, 2018 /PRNewswire/ -- Swytch, a blockchain-based clean energy incentive, and MobileBridge, the international leader in mobile engagement, today announced a partnership to drive sustainable energy generation to reduce global carbon production and to drive economic and environmental sustainability in towns and cities across the globe.

By connecting sustainable energy generation to the consumption of locally produced goods through token loyalty rewards, the goal is to provide significant cash flow to the "Main Street" economy.

The partnership taps the MobileBridge Momentum platform that enhances the relationship between Swytch and the users of its innovative blockchain-based solution that tracks and verifies the impact of sustainability efforts and actions on the worldwide level of CO2 emissions. MobileBridge's Momentum enables Swytch to better manage feedback, incentives and rewards in order to strengthen loyalty and confidence as well as assist in overall ecosystem development.

Advances in technology have prompted marketing innovation and placed a focus on consumer experience and feedback. Momentum's loyalty-driven marketing platform allows Swytch to reward customers in exchange for their attention, business, brand advocacy and feedback, while giving the consumer full control over their personal data and a real monetary value for the support they've provided to the Swytch community.

Swytch leverages smart meter and blockchain technology to reward the companies and people who reduce carbon emissions the most. At the core of the Swytch solution is an open-source "Oracle" that uses artificial intelligence and machine learning to determine how much carbon is being displaced and therefor how many Swytch tokens to award. As a result, producers of renewable energy create Swytch tokens by generating solar, wind and other forms of renewable energy.

"The goal of this partnership is to provide a catalyst for cities of all sizes and locations to produce and use sustainable energy," said Evan Caron, co-founder and managing director of Swytch. "By enabling the necessary economic incentives, we aim to accelerate the transition to the Fourth Industrial Revolution, which is a fusion of technologies that is blurring the lines between the physical, digital and biological spheres and disrupting almost every industry in every country."

About MobileBridge's Momentum
MobileBridge's Momentum platform is the first cryptocurrency-based, loyalty-driven marketing platform. MobileBridge has collaborated with brands such as Burger King, Volkswagen, Dansk, and Pirelli. MobileBridge's Momentum platform offers brands the opportunity to launch their own branded cryptocurrency - an innovative, more efficient way of enhancing brand-customer relationships.

About Swytch
Austin-based Swytch is a blockchain platform that tracks, verifies and rewards those reducing the global carbon footprint. An Open "Oracle" at the heart of the system acts as a distributed authority, awarding Swytch tokens to people, companies and organizations that make a meaningful and measurable difference in reducing emissions. For more information, visit Swytch.io or follow Swytch on Telegram, Medium and Twitter.

All registered or unregistered trademarks are the sole property of their respective owners.

Media Contacts:
Jennifer Hansen
FortyThree, Inc. for Swytch
+1.831.401.3175
This email address is being protected from spambots. You need JavaScript enabled to view it.

Allison Raygada
Blonde 2.0 for MobileBridge Momentum
+972 58-789-2862
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SOURCE Swytch

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The global industrial turbines market to grow at a CAGR of 4.51% during the period 2018-2022.

Global Industrial Turbines Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is growth in the natural gas pipeline networks. There is a global increase in natural gas production and consumption. With the emergence of cross-country and multi-country pipelines, the demand is expected to further increase in the forecast period.

According to the report, one driver in the market is growth in the electric power consumption and production. There is a global rise in the electric power consumption in the last few years owing to the increase in population, urbanization, industrialization, and rural electrification projects.

Further, the report states that one challenge in the market is growth in the renewable energy sector. The growth in the renewable energy sector, especially solar and wind energy is a major challenge for the global industrial turbines market. There has been a rise in the demand for electricity generation over the last few years due to growth in population, urbanization, and industrialization.

Key Market Trends

  • Growth in the natural gas pipeline networks
  • Technological innovations in gas turbines
  • Growth of waste to energy plants

Key vendors

  • Ansaldo Energia
  • BHEL
  • General Electric
  • Siemens
  • Kawasaki Heavy Industries
  • Mitsubishi Heavy Industries

 Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Market Sizing

Part 06: Five Forces Analysis

Part 07: Market Segmentation By Product

Part 08: Customer Landscape

Part 09: Regional Landscape

Part 10: Decision Framework

Part 11: Drivers And Challenges

Part 12: Market Trends

Part 13: Vendor Landscape

Part 14: Vendor Analysis

Part 15: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/p9sggf/global_industrial?w=5

Media Contact:

Laura Wood, Senior Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.  

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

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SOURCE Research and Markets

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http://www.researchandmarkets.com

WASHINGTON, June 18, 2018 /PRNewswire/ -- The feel of a work space can be dependent on a variety of factors - temperature, access to daylight, even the direction the building faces. As a building owner or manager, making sure your occupants are healthy and comfortable in their work environment is important. With this in mind, the International Window Film Association (IWFA) is encouraging the use of professionally installed window film.

While sunlight streaming in an office window is beautiful, one in five Americans will develop skin cancer by age 70, and over 5.4M cases of nonmelanoma skin cancer were treated in the U.S. (SkinCancer.org). Repeated exposure to UV light can also cause eye issues including blurry vision and cataracts. Prevention is possible and a useful strategy for workplaces is a professional installation of window film. Once installed, window film blocks 99 percent of UV rays, helping reduce the risk of skin cancer and eye damage.

Among other benefits, professionally installed window film helps avoid interior temperature swings and keeps building occupants comfortable. Window film may help retain heat in the colder months, and in warmer months allows in less than 25 percent of solar energy versus 90 percent without film, keeping the temperature further regulated. The view to the outside doesn't have to be compromised either, as window film is available in a variety of shades, from virtually clear, to medium, or dark. In addition, since the product is always in place, there is no operator involvement needed to enjoy its benefits. 

Furthermore, professionally installed window film can ameliorate glare while still providing adequate light. By reducing excessive sunlight, window film can offer a more productive workspace so occupants can focus on the task at hand.

"A commonly overlooked way to keep building occupants comfortable and healthy in the workplace is with professionally installed window film," said Darrell Smith, Executive Director of the IWFA. "Instead of a full window replacement, which is costly and produces more landfill waste, professionally installed window film allows occupants to enjoy the space with high UV protection, while building operators avoid costly window replacements and can reap significant energy savings."

Professionally installed window film is a wise investment that will bring back a measurable return on investment. Federal, state or local incentive programs may be available for which installed window film may qualify. Visit here available tax incentives. 

For more information and additional professional resources, visit www.iwfa.com.

About the International Window Film Association
The International Window Film Association (IWFA) (
www.iwfa.com) is a unified industry body of window film dealers, distributors, and manufacturers that facilitates the growth of the window film industry though the use of education, research, advocacy and consumer awareness.  The organization builds alliances with trade associations, utilities and government agencies to advance dealers' and distributors' businesses and provide value to their customers.

Media Contact:
Erin Vadala, Warner Communications
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SOURCE International Window Film Association

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http://www.iwfa.com

TAIPEI, Taiwan, June 18, 2018 /PRNewswire/ -- Today, roughly one third of food produced for human consumption gets wasted before it ever reaches consumers. This wasted food takes up landfill space and generates methane emissions. Most farmers lack the resources to deal with trash a better way, but, better solutions exist.

TCI
TCI
TCI
TCI

TCI, a contract manufacturer of dietary supplements, functional beverages and skin care cosmetics, is the first company from Taiwan to commit to using 100% renewable electricity through RE100. TCI believes waste is just a misplaced resource. For fruits and plants, leftovers and over ripened pieces create an opportunity to make valuable compounds.

In addition to sourcing farm products from global farmers, TCI works closely with local Taiwanese farmers. TCI's engineers developed methods to turn banana peels, peanut shells, etc., into valuable compounds using anaerobic fermentation with specialized micro-organisms.

Back in the lab scientists use them as precursors for products, or to create natural anti-microbial compounds without relying on industrial potentially harmful cleaners. With these compounds they can even create natural anti-anxiety, sleep aid supplements, and much more!

Recovering the waste on the farms helps reduce the need to import these compounds from abroad and shrinks down waste. Best of all, the enzymes from the decomposition help fertilize the soils, increasing yields for next year's crop.

As a product developer and manufacturer, TCI has continuously unveiled technological breakthroughs in the nutraceutical and cosmeceutical industries. The company's ability to uncover the hidden potential in various natural ingredients has opened up all kinds of possibilities in development of products and prophylaxis for healthy lifestyles.

Earlier this year, TCI has committed to sourcing 100% of its energy from renewables by 2030, with an interim target of 30% by 2020. This year, due to a sizeable investment, they anticipate reaching 25% renewable energy by year-end.

"Environmental responsibility remains a strategic focus at TCI," said Vincent Lin, TCI's chairman. "Manufacturers have a clear role to play. It's not just about cost saving, it's about creating a cleaner world for our customers and their families," Lin said.

They plan to achieve this goal through purchasing renewable energy and developing new solar plants. Taiwan's new T-REC program enables TCI to selectively purchase renewable energy from the grid, sending a strong signal of support across the island.

On June 13th, TCI was recognized with the Taiwan Excellence in Business Award by Taiwan's Industrial Development Bureau for their dedication to circular innovation and efforts on sourcing 100% renewable energy.

To officially welcome TCI's membership in the RE100, Sam Kimmins who runs the campaign, visited TCI's headquarters in Taipei as well as the LEED gold certified factory in Pingtung. Kimmins was impressed with the innovative technology at the green factory.

"By committing to 100% renewable electricity through RE100, TCI is demonstrating their long-term approach to business, and a deep understanding of their international business customers' needs. By calling on other businesses in Taiwan to also commit to RE100, TCI is taking a leading role in driving forward a clean energy economy in Taiwan", said Kimmins during his trip.

TCI hopes it can pioneer a renewable future for Taiwan and encourage other companies to follow it's example.

"Long recognized for its high quality and safe biomedical products, our company is excited to lead Taiwan in renewable energy progress and going green," Lin said. TCI works closely with brands in the planning process, using its combined marketing strategies and extensive experience to develop effective products with intuitive features to meet consumers' demands. As customers demand more responsible production, TCI looks forward to collaborating with its partners and clients to meet this critical need.

Media contact:
George Hu
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886-919563599

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SOURCE TCI

NEWARK, N.J. and NEW HOPE, Pa., June 18, 2018 /PRNewswire/ -- Solbright Group, Inc. (OTCQB: SBRT), a multi-faceted energy services and technology company and M2M Spectrum Networks, LLC dba Iota, a company that provides comprehensive Internet of Things (IoT) communication solutions, today announced an agreement in which the two companies will work together to offer a comprehensive, next-generation Smart Facilities line of products and services called SF Net.

Leveraging expertise and resources from both companies, SF Net combines a network and suite of solutions that will provide corporate and campus facility managers with a one-stop, turnkey-installed, facility-wide, carrier-grade network and applications platform with an extensive set of ready-to-implement applications. Pricing will start as low as 2 cents per square foot per month and will be maintained and monitored by Iota 24/7.

Iota, with offices in New Hope, PA and Phoenix, AZ, provides comprehensive solutions for creating, connecting and managing communications for IoT. They created the first dedicated, national, carrier-grade wireless network system which standardizes and simplifies IoT network access for end-customers.

Iota's network system connects standard Bluetooth Low Energy (BLE) and WiFi-based beacons and sensors to its Cloud Platform data store, from which any end-user application can access location, tracking, or sensor-based data for inclusion into end-user management systems.

As part of their continuing rollout of nationwide wireless coverage, which will be a big benefit to SF Net, Iota also announced the region-wide rollout of its network system to fully cover Newark, NJ, Phoenix, AZ and Las Vegas, NV.

Solbright, with offices in Newark, NJ and Charleston, SC, leverages their proprietary BrightAI™ IoT platform with energy efficiency services, such as automated Evaluation, Measurement and Verification (EM&V) LED lighting, solar PV, and predictive maintenance in order to increase efficiency and reduce cost. 

BrightAI™ is a converged IoT-based management platform that can monitor indoor air quality or mechanical sensors, meters, or building automation and control devices in a facility. It features energy management and predictive maintenance applications by way of a cloud control dashboard. BrightAI™ is ideal for many facility IoT applications including monitoring and alerting, demand response, demand control ventilation and predictive analytics.

Together, the synergies of both companies provide the technological backbone for SF Net as the mobile-enabled end-user applications will include:

  • Energy analytics and demand response
  • Facility-wide micro-tracking of individual items or important assets down to 1 meter resolution
  • Evaluation, Measurement and Verification (EM&V)
  • Photo imaging capability for visual monitoring and control
  • Predictive analytics, maintenance and early-warning fault notification for operating machinery
  • Proximity-based alerting and response
  • Remote temperature, humidity, light and air quality monitoring and control

The Solbright-Iota team plans to launch SF Net with current Solbright partner, the Ying Wu College of Computing at New Jersey Institute of Technology as well as current Iota customer Arizona Christian University.

Today's announcement is part of an ongoing business building approach by Solbright to create strategic partnerships and alliances with like-minded growth companies that complement their products and services in an effort to increase sales and grow their brand.

About Solbright Group, Inc.:

Solbright Group, Inc. is an industrial automation and energy management company providing Industrial Internet of Things (IoT) solutions that help commercial and industrial facilities increase efficiency and reduce cost.  We deliver technology solutions for building and machine automation and energy conservation that complement our energy conservation services such as LED lighting retrofits, HVAC system retrofits and solar engineering, procurement and construction services. Our focus is towards the development and commercialization of an Internet of Things software platform that supports Big Data applications that complement our energy management services. More information is available at www.solbrightgroup.com

About M2M Spectrum Networks, LLC dba Iota

M2M Spectrum Networks, LLC dba Iota is operating the first licensed, nationwide wireless network dedicated to the rapidly emerging Machine-to-Machine industry. The company is developing a wide-area, ubiquitous coverage, data radio system based on licensed spectrum and proprietary technology; purpose-built and dedicated solely to M2M applications for the long-term. M2M Spectrum Networks has locations in Phoenix, Arizona, New Hope, Pennsylvania, and Jacksonville, Florida. To learn more Iota, visit their Website at https://www.iotacommunications.com.

About the Ying Wu College of Computing at NJIT

As the only college of its kind in New Jersey, the Ying Wu College of Computing (YWCC) builds on decades of dedicated computing education and research. YWCC is the largest computing program in the New York City region and graduates approximately 750 computing professionals each year, yet our classes remain small, averaging about 30 students.

Our faculty are engaged in cutting-edge research in areas ranging from networking and computer security to big data analytics, to bioinformatics, gaming and virtual reality.  Our students have access to mobile devices, high-end workstations, game development software, robots, and networking equipment – both wired and wireless. Our students are groomed for a wide range of employment options, and most will end up working at the best companies, often before graduation.

New Jersey Institute of Technology (NJIT) is a leading public technological research university, focusing on the science, technology, engineering, and mathematics (STEM) disciplines, as well as architecture, design, and management.

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SOURCE Solbright Group, Inc.

Related Links

http://www.solbrightgroup.com

SHANGHAI, June 7, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it plans to release its unaudited financial results for the first quarter ended March 31, 2018 before the open of U.S. markets on Tuesday, June 26, 2018.

JinkoSolar's management will host an earnings conference call on Tuesday, June 26, 2018 at 8:00 a.m. U.S. Eastern Time (8:00 p.m.Beijing / Hong Kong the same day).

Dial-in details for the earnings conference call are as follows:

Hong Kong / International:

+852 3027 6500


U.S. Toll Free:

+1 855-824-5644


Passcode:

69300204#





Please dial in 10 minutes before the call is scheduled to begin and provide the passcode to join the call.

A telephone replay of the call will be available 2 hours after the conclusion of the conference call through 23:59 U.S. Eastern Time, July 3, 2018. The dial-in details for the replay are as follows:

International:

+61 2 8325 2405


U.S.:

+1 646 982 0473


Passcode:

319292198#





Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of JinkoSolar's website at http://www.jinkosolar.com.

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 8 GW for silicon ingots and wafers, 5 GW for solar cells, and 8 GW for solar modules, as of December 31, 2017.

JinkoSolar has over 12,000 employees across its 8 productions facilities globally, 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 global sales teams in United Kingdom, Bulgaria, Greece, Romania, Jordan, Saudi Arabia, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Panama and Argentina.

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
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.

SHANGHAI, June 5, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (NYSE: JKS) ("JinkoSolar" or the "Company"), a global leader in the solar industry, today announced that its wholly owned subsidiary, JinkoSolar (U.S.) Inc. has entered into a three-year agreement to supply 1.43GW of high efficiency modules to sPower, a leading renewable energy independent power producer.

This major supply agreement continues the strong strategic relationship between JinkoSolar and sPower. To-date, JinkoSolar has supplied over 800MW- approximately 2.5 million solar panels - for sPower's PV projects. The agreement includes significant down payments, which will help Jinko expand manufacturing capacity in the United States and Asia.

"We have had a strong track record of success with JinkoSolar's high quality and reliable modules, which is why we have signed another deal," said Ryan Creamer, CEO of sPower. "JinkoSolar's technology roadmap and cost leadership are also strong enablers for our future projects, and we look forward to maintaining our strong partnership."

"We are very pleased to work with sPower," said Gener Miao, JinkoSolar Vice President of Sales & Marketing. "We value the opportunity to grow our business with a visionary like sPower. JinkoSolar has been investing heavily in advanced solar technologies, and these efforts have yielded major benefits."

About JinkoSolar Holding Co., Ltd.

JinkoSolar Holding Co., Ltd. (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, 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 8 GW for silicon ingots and wafers, 5 GW for solar cells, and 8 GW for solar modules, as of December 31, 2017.

JinkoSolar has over 12,000 employees across its eight production facilities globally, 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 global sales offices in mainlandChina, Hong Kong, Japan, India, Turkey, Germany, Switzerland, United States, Brazil, Chile, Australia, South Africa, and United Arab Emirates.

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

About sPower

sPower, an AES and AIMCo company, is the largest private owner of operating solar assets in the United States. sPower owns and operates a portfolio of solar and wind assets greater than 1.3 GW and has a development pipeline of more than 10 GW. sPower is owned by a joint venture partnership between The AESCorporation, a worldwide energy company headquartered in Arlington, Virginia, and the Alberta Investment Management Corporation, one of Canada's largest and most diversified institutional investment fund managers. For more information, visit www.sPower.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.

SHANGHAI, May 30, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (NYSE: JKS) (the "Company," or "JinkoSolar"), a global leader in the solar PV industry, announced that its entire portfolio of PV modules has passed the Potential Induced Degradation ("PID") resistance test under the conditions of 85 Degrees Celsius/85% relative humidity ("double 85") as required by TÜV Nord's IEC TS 62804-1 standards.

As a global leader in the solar PV industry, JinkoSolar recognizes the harm brought about by PID and has devoted resources over the course of its history towards increasing the PID resistance of its entire portfolio of modules. In August 2012, JinkoSolar became the first PV company to pass the anti-PID test under double 85 conditions. In January 2013, JinkoSolar unveiled the world's first double 85 certified PID-free solar module. In November 2016, JinkoSolar became the first PV module manufacturer to guarantee anti-PID under double 85 conditions. In July 2017, JinkoSolar became the first PV module provider to guarantee that all its standard mass produced PV modules meet IEC62804 double anti-PID standards.

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer, commented, "Through our relentless efforts over the years, we are pleased to announce that all our regular mono and polycrystalline PV modules meet TÜV Nord's IEC TS 62804-1 double 85 anti-PID standards. I believe this demonstrates our leadership position when it comes to developing and promoting global PV standards. We have made great progress in improving our system voltage and in developing anti-PID technology in order to guarantee that our products operate reliably under the toughest conditions and ensure the investment return for our customers and the constant and stable output of our PV systems."

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 8 GW for silicon ingots and wafers, 5 GW for solar cells, and 8 GW for solar modules, as of December 31, 2017.

JinkoSolar has over 12,000 employees across its 8 productions facilities globally, 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 global sales teams in United Kingdom, Bulgaria, Greece, Romania, Jordan, Saudi Arabia, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Panama and Argentina.

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.

SHANGHAI, May 18, 2018/PRNewswire/ -- JinkoSolar Holding Co., Ltd. (NYSE: JKS) (the "Company," or "JinkoSolar"), a global leader in the solar photovoltaic industry, today announced that the 60P version of its P-type PV module peak power broke the world record again with power exceeding 370w and the N-type PV module peak power reaching 378.6w. Both records were certified by the TUV Rheinland (Shanghai) Co., Ltd.

P-type mono modules contain JinkoSolar's world record high efficiency cells. These cells combined with low electricity loss technology, which reduces the module internal resistance and improves its fill factor, allowing peak power to exceed 370W. N-type dual glass modules, leverage passivating contact technology achieve high efficiency with front-side peak power reaching 378.6W. With its excellent bifacial factor, this N-type module can improve outdoor power output per unit dramatically.

Dr. Jin Hao, Vice President of JinkoSolar commented, "Every technological breakthrough results from a strong pioneering spirit and constant search for excellence. Companies with strong independent innovation capabilities are able to grasp opportunities in fiercely competitive markets and establish leadership. JinkoSolar always applies advanced technologies to large-scale applications rapidly to accelerate the popularization of PV applications."

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 8 GW for silicon ingots and wafers, 5 GW for solar cells, and 8 GW for solar modules, as of December 31, 2017.

JinkoSolar has over 12,000 employees across its 8 productions facilities globally, 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 global sales teams in United Kingdom, Bulgaria, Greece, Romania, Jordan, Saudi Arabia, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Panama and Argentina.

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.

SHANGHAI, May 9, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (NYSE: JKS) (the "Company," or "JinkoSolar"), a global leader in the solar photovoltaic industry, today announced that its P-type monocrystalline cell broke the world record again with efficiency hitting 23.95% during certification testing done by the Photovoltaic and Wind Power Systems Quality Test Center at the Chinese Academy of Sciences (CAS).

P-type mono wafer technology is a contributor, with the highly doped and low defect wafers providing excellent bulk quality. The continued gain in efficiency is a result of the further optimization of selective emitter (SE) formation, silicon oxide passivation and the rear side passivation. JinkoSolar's unique light-capturing technology uses black silicon and the multi-layer ARC technology reduces the front side reflectivity of cells to be lower than 0.5%, which ensures the growth of the short-circuit current. Meanwhile, an advanced grid design and a new type of screen-printing paste are used to reduce the series resistance and the metal / silicon interface compound probability as a result of promotion of solar cell fill factor.

Mr. Kangping Chen, CEO of JinkoSolar, commented, "This recent technical breakthrough is a combination of several our latest technologies. In particular, the introduction of novel passivation and selective contact technology have successfully broken the technical bottleneck created by traditional PERC technology and represents a significant step forward for our P type solar cells with their previous efficiency record of 23.45% in 2017. We will continue to allocate resources towards innovating new and high efficiency solar technologies and their application to the market as we continue to provide the most reliable and highest efficiency products."

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 8 GW for silicon ingots and wafers, 5 GW for solar cells, and 8 GW for solar modules, as of December 31, 2017.

JinkoSolar has over 12,000 employees across its 8 productions facilities globally, 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 global sales teams in United Kingdom, Bulgaria, Greece, Romania, Jordan, Saudi Arabia, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Panama and Argentina.

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.

SHANGHAI, April 25, 2018 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS), a global leader in the solar PV industry, today announced that the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2017 with the Securities and Exchange Commission on April 24, 2018.

The Company's annual report on Form 20-F contains its audited consolidated financial statements and is available on the Company's website at http://ir.jinkosolar.com. The Company will provide a hard copy of its annual report free of charge to its shareholders and holders of American depositary shares representing its ordinary shares upon request.

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 8 GW for silicon ingots and wafers, 5 GW for solar cells, and 8 GW for solar modules, as of December 31, 2017.

JinkoSolar has over 12,000 employees across its 8 productions facilities globally, 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 global sales teams in United Kingdom, Bulgaria, Greece, Romania, Jordan, Saudi Arabia, South Africa, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Panama and Argentina.

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.

Abstract

Fire has been a part of India’s landscape since time immemorial and can play a vital role in healthy forests, recycling nutrients, helping tree species regenerate, removing invasive weeds and pathogens, and maintaining habitat for some wildlife. Occasional... See More + Fire has been a part of India’s landscape since time immemorial and can play a vital role in healthy forests, recycling nutrients, helping tree species regenerate, removing invasive weeds and pathogens, and maintaining habitat for some wildlife. Occasional fires can also keep down fuel loads that feed larger, more destructive conflagrations, but as populations and demands on forest resources have grown, the cycle of fire has spun out of balance. Large areas of degraded forest are now subject to burning on an annual or semi-annual basis. As these fires are no longer beneficial to forest health, India is increasingly wrestling with how to improve the prevention and management of unwanted forest fires. India is not alone in facing this challenge. Forest fires have become an issue of global concern. In many other countries, wildfires are burning larger areas, and fire seasons are growing longer due to a warming climate (Jolly et al 2015). With growing populations in and around the edges of forests, more lives and property is now at risk from fire. About 670,000 km2 of forest land are burned each year on average (about 2 percent of the world’s forested areas (van Lierop et al 2015)), releasing billions of tons of CO2 into the atmosphere,1 while hundreds of thousands of people are believed to die due to illnesses caused by exposure to smoke from forest fires and other landscape fires (Johnston et al 2012). Tackling forest fires is even more imperative in India as the country has set ambitious policy goals for improving the sustainability of its forests. As part of the National Mission for Green India under India’s National Action Plan on Climate Change, the government has committed to increase forest and tree cover by 5 million hectares and to improve the quality of forest on another 5 million hectares. Relatedly, under its NDC, India has committed to bringing 33 percent of its geographical area under forest cover and to create additional sinks of 2.5 billion to 3 billion tons worth of CO2 stored in its forests by 2030. Yet, it is unclear whether India can achieve these goals if the prevention and management of forest fires is not improved. Field-verified data on the extent and severity of fires are lacking, and understanding of the longer-term impacts of forest fires on the health of India’s forests remains weak. The objective of this assessment is to strengthen knowledge on forest fires by documenting current management systems, identifying gaps in implementation, and making recommendations how these systems can be improved.  See Less -

Abstract

Global growth continued its 2017 momentum in early 2018. Global growth reached a stronger than- expected 3 percent in 2017 — a notable recovery from a post-crisis low of 2.4 percent in 2016. It is currently expected to peak at 3.1 percent in 2018. Recoveries... See More + Global growth continued its 2017 momentum in early 2018. Global growth reached a stronger than- expected 3 percent in 2017 — a notable recovery from a post-crisis low of 2.4 percent in 2016. It is currently expected to peak at 3.1 percent in 2018. Recoveries in investment, manufacturing, and trade continue as commodity-exporting developing economies benefit from firming commodity prices (Figure 1a). The improvement reflects a broad-based recovery in advanced economies, robust growth in commodity-importing Emerging Markets and Developing Economies (EMDEs), and an ongoing rebound in commodity exporters. Growth in China – and important trading partner for Russia – is expected to continue its gradual slowdown in 2018 following a stronger than-expected 6.9 percent in 2017.  See Less -

Document also available in : English

Abstract

The empirical case for trade as an engine of growth has now been established on solid empirical grounds. There has been a protracted controversy in the literature on the econometrics of trade and growth. Nonetheless, most recent estimates suggest that... See More + The empirical case for trade as an engine of growth has now been established on solid empirical grounds. There has been a protracted controversy in the literature on the econometrics of trade and growth. Nonetheless, most recent estimates suggest that a major episode of liberalization provides a permanent boost in growth on the order of 1 to 2 percent. Concomitantly, and largely on practical grounds, most low- and middle-income countries, with very few exceptions, have substantially lowered their trade barriers, eliminating the most egregious forms of trade protection (tariff peaks, quantitative restrictions, and other command-and-control instruments). Yet, by all accounts, trade costs remain high. Using an approach that consists of inverting the gravity equation and inferring trade costs from the relative size of external versus internal trade, Arvis and others (2013) and Novy (2013) show that trade costs have failed to fall as much for low-income countries as they have for others, reinforcing their economic ‘remoteness.’ Several multilateral initiatives have been set up to help low- and middle-income countries low-income ones, to integrate better in world trade. For instance, the Aid-for-Trade initiative was launched in 2005 to help low-income countries to cope with their Uruguay Round commitments, which were, in turn, expected to improve their ability to draw benefits from World Trade Organization (WTO) membership. More recently, the Trade Facilitation Agreement (TFA) signed in December 2013 in Bali and entered into force in February 2017, was designed to help low and middle-income countries to focus on reducing non-tariff barriers (NTBs) to trade such as border delays, cumbersome regulations, and so on. The TFA is expected to focus governments’ attention on the various aspects of trade facilitation, including some that go beyond the written mandate of the TFA. Some of those aspects are technical issues of border management, such as reducing delays, computerizing customs transactions, and streamlining verification and payment procedures. Some others are more genuinely economic, such as streamlining NTBs and improving regulatory design through cost-benefit analysis. This volume discusses some of the analytical methods that can be used to accompany this process. Chapter two discusses the broad economic rationale for improving the design of NTMs. Chapter three illustrates the main forms of quantifying NTMs and their effects, including inventory approaches, price-based approaches, and quantity-based approaches. It also proposes a new analytical and measurable concept of regulatory distance to help in guiding deep integration efforts at the regional level. Chapter four discusses the effects of NTMs on household expenditures, poverty, and firm competitiveness. Chapter five illustrates how analysis of NTMs can be used to inform policy advice. Chapter six concludes.  See Less -

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ET | Source: Savosolar Plc

multilang-release

Savosolar Plc
Company Announcement            14 June 2018 at 11.00 a.m. (CEST)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN PART, DIRECTLY OR INDIRECTLY, IN THE USA, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE OR SOUTH AFRICA OR ANY OTHER JURSIDICTION WHERE SUCH PUBLICATION OR DISTRIBUTION IS UNLAWFUL.

Savosolar arranges a rights issue of approximately EUR 3,5 million, publishes a prospectus and discloses information not previously published

Following the company announcement on 21 May 2018, the Board of Directors of Savosolar Plc ("Savosolar" or the "Company") has today decided to arrange a rights issue totalling approximately EUR 3.5 million (the "Offering") with additional warrants enabling the Company to raise up to a maximum of approximately 3.3 MEUR (the "Warrants"). The Company also releases new information regarding the capitalisation and indebtedness of the Company as per 31 March 2018.

  • The offer shares will consist of a maximum of 174,332,080 new shares in the Company (the "Offer Shares"), representing approximately 57.1 per cent of the total number of the Company's shares outstanding after the Offering.
  • Savosolar gives all its shareholders registered in Savosolar's shareholder register maintained by Euroclear Finland Oy ("Euroclear Finland") and Euroclear Sweden AB ("Euroclear Sweden") one (1) subscription right (the "Subscription Right") per each share held on the Offering record date. Three (3) Subscription Rights entitle the holder to subscribe for four (4) Offer Shares.
  • The record date for the Offering is 18 June 2018 with the last day of trading including the Subscription Rights on 14 June 2018 and the first day of trading excluding the Subscription Rights on 15 June 2018.
  • The subscription period for the Offer Shares (the "Subscription Period") commences on 21 June 2018 at 9:30 Finnish time (8:30 Swedish time), and ends on 10 July 2018 at 16:30 Finnish time (15:30 Swedish time) in Finland and on 6 July 2018 at 16:30 Finnish time (15:30 Swedish time) in Sweden, if the Board doesn't decide to extend the subscription period.
  • The subscription price is EUR 0.02 or SEK 0.20 per Offer Share.
  • Augment Partners AB ("Augment Partners") has been assigned to procure professional investors to the Company during the Subscription Period of the Offering in such a way that the investments through Augment Partners AB do not exceed a total of approximately EUR 0.9 million (the "Directed Issue"). The investors procured by Augment Partners primarily participate in the Offering and, if the Offering is subscribed in full, a separate share issue can additionally be directed to them with the same Subscription Price as in the Offering. The size of possible Directed Issue to investors procured by Augment Partners AB would be a maximum of 43,583,020 shares, corresponding to approximately 12.5 per cent of the total amount of outstanding shares in the Company after the Offering and the Directed Issue, assuming the Offering and Directed Issue is fully subscribed. The Board of Directors shall decide on a possible Directed Issue approximately on 13 July 2018, while resolving on approval of the subscriptions received in the Offering.
  • In addition, Savosolar will issue Warrants free of charge to persons who subscribe for the Offer Shares in the Offering so that the subscriber, which the Board of Directors has approved, will receive one (1) Warrant per each two (2) subscribed and paid Offer Shares. Savosolar plans to offer the same possibility for investors who participate in the possible Directed Issue. Each Warrant gives its holder the right to subscribe for one (1) new share during 26 November 2018 - 10 December 2018. The share subscription price is determined by the volume weighted average price of the Company's share on First North Finland between 12 November 2018 and 23 November 2018, with an applied discount of 25 per cent. The subscription price, however, is at least EUR 0.02 and at most EUR 0.03 per share. The maximum amount of Warrants will be 87,166,040 if the Offering is subscribed in full, and 108,957,550, if both the Offering and Directed Issue are subscribed in full.
  • The Company aims to raise approximately EUR 3.5 million before transaction costs with the Offering, if the Offering is subscribed in full, as well as approximately EUR 0.9 million, before transaction costs, in the Directed Issue if it is arranged and subscribed in full.  With shares subscribed for based on the Warrants the Company can receive a maximum of approximately EUR 3.3 million if the maximum number of Warrants are issued and all Warrants are used for the subscription of shares at maximum subscription price of EUR 0.03 per share.
  • The Company has received subscription commitments from existing shareholders and underwriting commitments from external investors for 80 per cent of the Offering. The underwriters have the right to receive their underwriting fee either in cash or in new shares by setting off their underwriting fee in a directed issue, which is possibly arranged after the Offering.

Information not previously published

On the page 65 in the prospectus, under "Capitalisation and indebtedness" the following can be read:

"The tables below present Savosolar's capitalisation and indebtedness as of 31 March 2018. The figures have been prepared specifically for the prospectus and are unaudited. The debts are interest-bearing if nothing else is mentioned.

Equity and liabilities, EUR thousand 31 March 2018
Current interest bearing debt  
Against guarantee or surety 40.0
Against collateral 92.4
Without guarantee/surety or collateral1 1,499.8
Total current interest bearing debt 1,632.2
   
Non-current interest bearing debt  
Against guarantee or surety 20.0
Against collateral 362.0
Without guarantee/surety or collateral 0.0
Total non-current interest bearing debt 382.0
Total current and non-current interest bearing debt 2,014.2
   
Equity  
Share capital 470.2
Reserve for invested unrestricted equity 24,919.1
Retained earnings -21,735.5
The period's result -1,220.7
Total equity 2,433.1
Net financial indebtedness, EUR thousand 31 March 2018
A) Cash 891.1
B) Other liquid funds -
C) Marketable securities -
D) Liquidity A+B+C 891.1
E) Current financial receivables -
F) Current liabilities from financial institutions1 1,499.8
G) Current portion of non-current liabilities 132.4
H) Other current financial liabilities -
I) Current financial liabilities F+G+H 1,632.2
J) Net current financial indebtedness I-E-D 741.1
K) Non-current liabilities from financial institutions 382.0
L) Issued bonds -
M) Other non-current liabilities -
N) Non-current financial liabilities K + L + M 382.0
O) Net financial indebtedness J+N 1,123.1

1 The liabilities from financial institutions includes the R&D loan granted by Tekes (restructuring debt), amounting to EUR 68.5 thousand, which is non-interest bearing. Of the loan, EUR 68.5 thousand is shown in the balance sheet as short-term loans from financial institutions.

Reasons for the Offering and use of proceeds

Until recently, Denmark was the only active market in the segment for large solar collector fields and systems. Even though market analysts predicted that new markets both in Europe and elsewhere would be activating earlier, it was not until 2017 that Savosolar started seeing real activity in other markets. With Savosolar's award-winning products and due to the intensified sales actions in the past 18 months, the Company has, according to its information and assessments, been invited to almost all notable tenders in Europe, signing its first large-scale order outside Denmark and its largest order ever during the spring 2018. The first large-scale order outside Denmark, with a collector area exceeding 4,000 m2 to newHeat SAS will be the largest solar thermal field ever built in France and first in the world installed on a one-axis tracking system. The second order, with a total collector area of approximately 21,000 m2 to Grenaa Varmevaerk in Denmark, is worth approximately EUR 3.5 million and is the Company's largest order to date.

This means, that after many years of proving its technology to the market and signing orders on the competitive Danish market, Savosolar has finally been able to take a leap forward towards its vision of becoming the global first-choice supplier to high performance solar installations. While delivering to large collector fields in Europe as well as with strong partnerships around the world, e.g. in China, Latin America, Australia and Africa, the Company believes it is ready to take on the global market.

Due to the temporary downturn in the market the Company is in need for more working capital. The Company believes that the downturn in the market was due to the Danish government's delayed decisions of the terms concerning renewable energies and longer-than-expected processing times in other markets. The Company aims to raise approximately EUR 3.5 million through the Offering. If the Offering is fully subscribed, the Company expects to receive approximately EUR 3.0 million in net proceeds after transaction costs amounting to approximately EUR 0.5 million. In connection with the Offering, the Company also issues Warrants free of charge to investors who have subscribed for Offer Shares in the Offering. The Company may therefore additionally raise up to a maximum of approximately EUR 2.5 million in net proceeds, after deducting the estimated expenses for the subscriptions with Warrants payable by the Company, totalling approximately EUR 0.1 million.

The proceeds from the Offering and the Warrants will be used to secure the Company's working capital need of approximately EUR 4.5 million (including the repayment of capital and interest of the bridge loan financing of approximately EUR 0.3 million) so that the Company can deliver signed and potential upcoming orders in 2018-2019 and continue to streamline Savosolar's operations to match profitability targets and the increasing demand globally.

The Offering

The Company is offering up to of 174,332,080 new shares in the Company for subscription primarily in accordance with the shareholders' preferential Subscription Right. The Offering is secured to 80 per cent.

Subscription locations of the Offering

The following function as subscription locations:

  1. In Finland, custodians and account operators and
  2. In Sweden, Aqurat Fondkommission AB's website at www.aqurat.se and Aqurat Fondkommission AB's premises at Kungsgatan 58, 111 22 Stockholm, Sweden (This email address is being protected from spambots. You need JavaScript enabled to view it., tel. +46 8-684 05 800).

Subscriptions in Sweden are also received by custodians and account operators who have an agreement with Aqurat Fondkommission AB regarding the reception of subscriptions.

Prospectus

Savosolar has prepared a prospectus relating to the Offering approved by the Finnish Financial Supervisory Authority on 14 June 2018. The official Finnish language version of the prospectus as well as its unofficial English language translation, including a Swedish summary, is available on Savosolar's website (http://www.savosolar.com) and Aqurat Fondkommission AB's website (www.aqurat.se) approximately as per 14 June 2018.

Planned timetable for the Offering       

15 June 2018 First day of trading excluding the Subscription Rights
18 June 2018 Record date for the Offering
21 June - 4 July 2018

21 June 2018

Trading period for the Subscription Rights

Trading starts in temporary shares (BTA)

21 June - 6 July 2018 The Subscription Period for the Offering in Sweden
21 June - 10 July 2018 The Subscription Period for the Offering in Finland
13 July 2018 Announcement of the outcome of the Offering
23 July 2018 Last day of trading in the temporary shares on First North Finland and Sweden
Week 31, 2018 First day of trading with the Warrants on First North Finland and Sweden (estimate)

Advisers

Augment Partners is acting as financial advisor to the Company in the Offering. Smartius Oy is acting as the legal adviser to the Company on aspects of the Offering related to the Finnish law.

For more information:

Savosolar Plc
Managing Director Jari Varjotie
Phone: +358 400 419 734
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

This company announcement contains information that Savosolar Plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by aforementioned contact person on 14 June 2018 at 11.00 a.m. (CEST).

Savosolar in brief

Savosolar with its highly efficient collectors and large-scale solar thermal systems has taken solar thermal technology to the next level. The company's collectors are equipped with the patented nano-coated direct flow absorbers, and with this leading technology, Savosolar helps its customers to produce competitive clean energy. Savosolar's vision is to be the first-choice supplier to high performance solar installations on a global scale. Focus is on large-scale applications like district heating, industrial process heating and real estate systems - market segments with a big potential for rapid growth. The company primarily delivers complete systems from design to installation, using the best local partners. Savosolar is known as the most innovative company in the business and aims to stay as such. The company has sold and delivered its products to 18 countries on four continents. Savosolar's shares are listed on Nasdaq First North Sweden with the ticker SAVOS and on Nasdaq First North Finland with the ticker SAVOH. www.savosolar.com.

The company's Certified Adviser is Augment Partners AB, phone: +46 8-505 65 172.

IMPORTANT NOTICE

This release or the information contained therein shall not be distributed, directly or indirectly, in Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or the United States. The information contained in this release do not constitute an offer of, or invitation to purchase any securities in any area, where offering, procurement of or selling such securities would be unlawful prior to registration or exemption from registration or any other approval required by the securities regulation in such area. This release is not an offer for sale of securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended, and the rules and regulations issued by virtue of it. Savosolar has not registered, and does not intend to register, any offering of securities in the United States. No actions have been taken to register the shares or the offering anywhere else than in Finland and Sweden.

The information contained herein shall not constitute an offer of, or invitation to purchase any securities in any jurisdiction. This release is not a prospectus and does not constitute any offer, invitation or investment advice to subscribe for or purchase securities. Investors should not subscribe for or purchase any securities or make any investment decisions referred to herein except on the basis of information contained in a prospectus issued by Savosolar.

NEFCO and Danish company Better Energy have signed a loan agreement for the construction of Phase I of a 19 MW solar park in Western Ukraine. The total investment amounts to EUR 6.6 million.

The site is ready and the grid connection is prepared, and now a financing agreement has been signed by Nordic Environment Finance Corporation and Better Energy for Phase I of a 19 MW Better Energy solar PV park located in the Zhytomyr region in western Ukraine. The new park will be constructed in the southern part of Zhytomir oblast, east of Berdychiv, and the project is set to start delivering green electricity to the Ukrainian grid in 2018. The plan is to expand the Berdychiv solar park to 19 MW by the end of 2018.

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ET | Source: Scatec Solar

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Oslo, 13 June 2018: Reference is made to the stock exchange announcement release from Scatec Solar ASA ("SSO" or the "Company") published earlier today regarding the contemplated private placement of new shares in the Company.

The Company has raised NOK 600 million in gross proceeds through a private placement consisting of 10,000,000 new shares (the "New Shares") at a price of NOK 60 per share (the "Private Placement").

The Private Placement took place through an accelerated bookbuilding process after close of markets yesterday. The Private Placement attracted strong interest from both existing shareholders as well as new high quality institutional investors.

The net proceeds from the Private Placement will be used to accelerate growth, including near term equity investments in large scale solar projects, beyond the 1.1 GW currently under construction. The company is in the process of securing additional projects and is expecting to start construction of several of these later in 2018.

The Company believes it is well positioned for further profitable growth going forward, which forms the background for carrying out the Private Placement and strengthening its equity capital. The board of directors of the Company has considered different transaction alternatives and concluded that the Private Placement structure would best attend to the common interest of the Company and its shareholders. Taking into consideration inter alia limited discount, size of placement, utilisation of market conditions, pre-announced and broadly marketed placement, transaction risk, costs, as well as dilution effects, the board of directors has, after thorough assessments found that there are sufficient and objective grounds for setting aside existing shareholders pre-emptive rights to subscribe for shares.

The New Shares will be issued based on a board authorisation given by the Annual General Meeting held 23 April 2018. The New Shares will be settled through a delivery versus payment transaction on a regular t+2 basis by delivery of existing and unencumbered shares in the Company that are already listed on the Oslo Stock Exchange pursuant to a share lending agreement between the Company, the Joint Bookrunners and Scatec AS.
 
Nordea Bank AB (publ), filial i Norge, Pareto Securities AS, Sparebank 1 Markets AS and ABN AMRO Bank N.V. acted as Joint Bookrunners in the Private Placement. Advokatfirmaet Selmer DA is acting as legal advisor for Scatec Solar ASA in connection with the Private Placement. Advokatfirmaet Thommessen AS is acting as legal advisor for the Joint Bookrunners in connection with the Private Placement.

For further information, please contact:
Mr. Mikkel Tørud, CFO, tel +47 976 99 144 This email address is being protected from spambots. You need JavaScript enabled to view it.

About Scatec Solar
Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable clean energy worldwide. A long- term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants and has an installation track record of 1,000 MW. The company is producing electricity from 322 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras and Jordan and has 1,092 MW under construction. With an established global presence and a significant project pipeline, the company is targeting a capacity of 3.5 GW in operation and under construction by end of 2021. Scatec Solar is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol 'SSO'. To learn more, visit www.scatecsolar.com

Important Notice
The contents of this announcement have been prepared by, and are the sole responsibility of, the Company. The Company's financial advisors are acting exclusively for the Company and no one else, and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, or for advice in relation to the Private Placement, the contents of this announcement or any of the matters referred to herein. The Private Placement and the distribution of this announcement and other information in connection with the Private Placement may be restricted by law in certain jurisdictions. The Company assumes no responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about, and to observe, any such restrictions. This announcement may not be used for, or in connection with, and does not constitute, any offer of securities for sale in the United States or in any other jurisdiction.

The Private Placement has not been made in any jurisdiction or in any circumstances in which such offer or solicitation would be unlawful. This announcement is not for distribution, directly or indirectly in or into any jurisdiction in which it is unlawful to make any such offer or solicitation to such person or where prior registration or approval is required for that purpose. No steps have been taken or will be taken relating to the Private Placement in any jurisdiction in which such steps would be required. Neither the publication and/or delivery of this announcement shall under any circumstances imply that there has been no change in the affairs of the Company or that the information contained herein is correct as of any date subsequent to the earlier of the date hereof and any earlier specified date with respect to such information.

This announcement is not for publication or distribution, directly or indirectly, in the United States (including its territories and possessions, any state of the United States and the District of Columbia). This announcement does not constitute or form part of any offer or solicitation to purchase or subscribe for securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. The shares to be issued in the Private Placement have not been and will not be registered under the United States Securities Act of 1933, as amended (the "US Securities Act") or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered or sold in the United States or to, or for the account of, U.S. persons (as such term is defined in Regulation S under the US Securities Act), except pursuant to an effective registration statement under, or an exemption from the registration requirements of, the US Securities Act. All offers and sales outside the United States will be made in reliance on Regulation S under the US Securities Act. There will be no public offer of securities in the United States.

This announcement does not constitute an offering circular or prospectus in connection with an offering of securities of the Company. Investors must neither accept any offer for, nor acquire, any securities to which this document refers, unless they do so on the basis of the information contained in the investor material made available by the Company only to qualified persons in certain jurisdictions where an offer may be made (if an offer is made). This announcement does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for, any securities and cannot be relied on for any investment contract or decision.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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lithium ion battery, lithium ion cell, Lithium ion battery technology, Power chargers Over the last few years, lithium-ion (Li-ion) has become the battery chemistry of choice for the energy sector. The government is also actively supporting the manufacture of lithium batteries in the country.

Over the last few years, lithium-ion (Li-ion) has become the battery chemistry of choice for the energy sector. The government is also actively supporting the manufacture of lithium batteries in the country. One of the major centres of ISRO, Vikram Sarabhai Space Centre (VSSC), is also offering to transfer the in-house developed Li-ion cell technology to competent Indian industries on non-exclusive basis to establish Li-ion cell production facilities in the country. Recently, Central Electro Chemical Research Institute (CECRI), Karaikudi, Tamil Nadu under Council of Scientific & Industrial Research (CSIR) and Raasi Solar Power have signed a memorandum of agreement for transfer of technology for India’s first Li-ion battery project. A group at CSIR-CECRI headed by Gopu Kumar has developed an indigenous technology of lithium-ion cells in partnership with CSIR-National Physical Laboratory (CSIR-NPL) New Delhi, CSIR-Central Glass and Ceramic Research Institute (CSIR-CGCRI) Kolkata and Indian Institute of Chemical Technology (CSIR-IICT) Hyderabad.

CSIR-CECRI has set up a demo facility in Chennai to manufacture prototype Lithium-ion cells. It has secured global IPRs with potential to enable cost reduction, coupled with appropriate supply chain and manufacturing technology for mass production. Currently, Indian manufacturers source lithium ion battery from China, Japan and South Korea among some other countries. India is one of the largest importers and in 2017, it imported nearly $150 million worth Li-ion batteries. Science and technology minister Harsh Vardhan said the pact between the CSIR lab and Rassi Solar Power is a validation of the capabilities of CSIR and its laboratories to meet technology in critical areas to support our industry, besides other sectors. Raasi Group will set up the manufacturing facility in Krishnagiri district of Tamil Nadu. Raasi Group CMD C Narasimhan said, “We want to bring down the cost of cell manufacturing below Rs 15,000 per KW to replace lead acid battery. We also have plans to make lithium ion battery for solar roof top with life span of 25 years to make it affordable enough to drive the photo voltaic segment.”

Changes in wind pattern in the Northern Hemisphere and pollution are seen taking a toll of wind power and solar power plants, respectively

Fourth Partner Energy will use the funding to accelerate its growth through the RESCO (renewable energy service company) model

Giving a further boost to the uptake of renewable energy, the government makes a new roadmap

Giving a further boost to the uptake of renewable energy, the government has raised the minimum quantity of green power that states must procure to 21% of their overall power purchases in FY22 from 14.3% in FY18 (see chart). If the new roadmap for renewable purchase obligation (RPO) is complied with, the country will be consuming 273 billion units of renewables-based electricity in FY22, up 235% from now.

India has made rapid strides in renewable power sector in recent years but the potential bidders for such projects are concerned about the project costs going up if duties are imposed on solar panels from abroad. While solar tariffs over many rounds of auction have fallen, analysts wonder if such low rates are sustainable.

Rajasthan, Tamil Nadu, Gujarat, Punjab, Himachal Pradesh, Maharashtra, Karnataka, Andhra Pradesh and Telangana — states were most of the solar and wind power plants are located — achieved their RPO targets in FY18. Uttar Pradesh, Jharkhand, Bihar and Madhya Pradesh, however, have continuously missed their RPO targets.

Only six states have accepted the RPO targets specified by the Union power ministry for FY19 so far, CARE Ratings said in a note earlier this month.

The ministry of new and renewable energy has recently created an RPO cell to ensure compliance and invoke penal provisions against defaulting entities. The draft amendment to the National Tariff Policy, 2016, released by the power ministry on last month also proposed that state electricity regulators should consider the RPO compliance levels of the states while computing the tariffs for electricity distribution companies (discoms).

To meet RPO targets, discoms have to find suitable balancing power sources to support the infirm nature of renewable energy, which is one of the main reasons behind states failing to meet targets. To address this problem, the power ministry has allowed thermal power generation companies the flexibility of using renewable energy sources to meet their contractual generation obligations. Under the new mechanism, thermal gencos can set up renewable power plants at their existing power stations, or anywhere else, thus allowing discoms to meet their RPOs through existing power purchase agreements.

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