• MUFG and Allianz Renewable Energy Partners of America LLC are committing around 340 million US dollars for 100% of the project’s “Class B” equity interests;
• Enel Group will retain 100% of Red Dirt’s “Class A” interests and control of the project;
• Overall investment in Red Dirt amounts to approx. 420 million U.S. dollars.

Enel Green Power North America, Inc. (“EGPNA”), the Enel Group’s US renewable energy company, acting through its subsidiary Red Dirt Wind Holdings, LLC (“Red Dirt Holdings”), 1 has signed a tax equity agreement worth approximately 340 million U.S. dollars with MUFG and Allianz Renewable Energy Partners of America LLC (“Allianz”) for the Red Dirt wind project located in Oklahoma, which has a total installed capacity of around 300 MW.

Under the agreement, which is common for the development of renewable energy projects in the United States, MUFG and Allianz will pay the above amount to the wind farm owner, Red Dirt Holdings, purchasing 100% of “Class B” equity interests in the project. This interest will allow the two investors to obtain, under certain conditions set by U.S. tax laws, a percentage of the fiscal benefits of the Red Dirt wind project. In turn, EGPNA, through Red Dirt Holdings, will retain 100% ownership of the “Class A” interests and therefore management control of the project.

The agreement secures the funding commitment by the two investors, while the closing of the funding is expected upon start of commercial operation of the Red Dirt wind farm. The tax equity partnership will be supported by a parent company guarantee from Enel S.p.A.

The Red Dirt wind project, whose construction started in April, is expected to begin operations by the end of 2017. The investment in Red Dirt amounts to, approximately, 420 million U.S. dollars, which is part of the investment outlined in Enel’s current strategic plan.

Once fully up and running, Red Dirt will be able to generate approximately 1,200 GWh of renewable energy annually, which is equivalent to the energy consumption needs of more than 97,000 U.S. households, while avoiding the emission of about 860,000 tonnes of CO2 each year.

The energy and renewable energy credits generated from Red Dirt will be sold under two long-term agreements, with T-Mobile USA, Inc. (NASDAQ: TMUS) for 160 MW and with the Grand River Dam Authority for 140 MW of the wind facility.

EGPNA is a leading owner and operator of renewable energy plants in North America with projects operating and under development in 23 U.S. states and two Canadian provinces. EGPNA operates around 100 plants with a managed capacity exceeding 3.3 GW powered by renewable hydropower, wind, geothermal and solar energy. The company currently ranks as the second largest wind operator in Oklahoma, where it is building, in addition to Red Dirt, the 298 MW Thunder Ranch wind project. In the state, EGPNA already operates the wind farms Rocky Ridge (150 MW), Chisholm View I & II (300 MW in total), Origin (150 MW), Osage Wind (150 MW), Little Elk (74 MW), Goodwell (200 MW) and Drift Sand (108 MW) for a total managed capacity of more than 1.1 GW. The company’s overall investment in Oklahoma amounts to over 2.7 billion US dollars considering the two projects under construction and those already in operation.

Enel Green Power (enelgreenpower.com), the Renewable Energies division of Enel Group, is dedicated to the development and operation of renewables across the world, with a presence in Europe, the Americas, Asia, Africa and Oceania. Enel Green Power is a global leader in the green energy sector with a managed capacity of around 39 GW across a generation mix that includes wind, solar, geothermal, biomass and hydropower, and is at the forefront of integrating innovative technologies like storage systems into renewable power plants.

1. Red Dirt Wind Holdings, LLC, which owns the project through the special purpose vehicle Red Dirt Wind Project, LLC, is a wholly owned subsidiary of EGPNA.

Read more: Enel Signs Tax Equity Agreement for 300 MW Red...

SAN FRANCISCO--(BUSINESS WIRE)--The California Public Utilities Commission’s (CPUC) energy efficiency education program, Energy Upgrade California, will mark the coming together of communities and businesses throughout the state in an epic unifying experience – to witness the Great American Eclipse and collectively pledge to do their part to lower California’s electricity use on eclipse day, August 21, and every day.

“We lead the nation in energy efficiency, but we can all do more,” said CPUC President Michael Picker. “When the moon comes between the earth and the sun, we can all step in and do one simple thing to offset the loss of solar power to the grid. We can all power down, use our watts more wisely, and reduce the need for gas peaker plants by unplugging home electronics and chargers and shutting down power strips that aren’t in use.”

Consumers can take a pledge to do one thing for the sun during the eclipse at CalEclipse.org.

California has some of the most ambitious renewable energy goals in the nation, including reaching 33 percent renewable energy by 2020 and 50 percent by 2030. California currently generates nearly 10,000 megawatts of solar power, which can meet up to 40 percent of energy needs on some days.

The California Independent System Operator anticipates sufficient energy supplies and network reliability during the solar eclipse.

As California continues to increasingly turn to solar power, consumer action and conservation is anticipated to become an ever-increasingly important aspect of managing effective power supply when the sun’s rays are not shining – whether on cloudy days, evenings, or during a solar eclipse. Leading up to this solar eclipse, the CPUC is joining with leaders around California who are using the historic event as an opportunity to highlight California’s large and growing adoption of solar power – and the new opportunities for conservation this energy source presents.

“The solar eclipse reminds us how important solar energy has become to California,” said Governor Edmund G. Brown Jr. “Conservation is key when the sun’s rays are taking a break.”

While some parts of the country will experience a total eclipse, California’s view will be partially obscured from 76 percent in Northern California to 62 percent in Southern California from about 9:02 a.m. until approximately 11:54 a.m. California won’t see another eclipse of this magnitude until 2045.

City and Community Leaders Join the Movement

California’s cities, community organizations and businesses are also doing their part by becoming sun partners. Nearly 70 community and business organization leaders and 16 cities have stepped up since the “Do Your Thing” program launched in April, joining the Energy Upgrade California movement and committing to doing more to save energy.

To show his support, San Francisco Mayor Edwin M. Lee will lead an eclipse viewing event at City Hall on the day of the eclipse day to encourage all San Franciscans to take an active role in meeting California’s long-term energy goals.

“The City of San Francisco is proud of how energy efficient our residents are on a daily basis,” said Mayor Lee. “Energy consciousness is woven into the fabric of our city, but there is always something more we can do in our daily routines to make an even bigger impact for our state. We have a responsibility as residents and business owners to start by unplugging our devices and getting outside to watch this amazing phenomenon.”

Organizations such as Small Business Majority have joined because of the benefits it can bring to small business owners looking to go green while improving their bottom line. “Many small business owners struggle with expensive electricity bills. They want to invest in energy efficiency to increase savings, but they often don’t know where to start. That’s why we are pleased to support Energy Upgrade California, which helps small businesses across the state identify easy ways to increase their energy efficiency and save money on their bills,” said Mark Herbert, California Director, Small Business Majority.

New Energy Behind Our Leadership Position

California is known for doing its thing when it comes to conservation and energy efficiency. According to the U.S. Energy Information Administration, Californians’ electricity consumption has remained flat during the past 40 years, while the other 49 states increased their average per capita energy use by more than 50 percent. California produces twice as much economic output for every kilowatt-hour consumed compared to the rest of the country.

The Natural Resources Defense Council estimates that California’s increased energy efficiency has eliminated more than 30 million metric tons of Co2 pollution, equal to the annual emissions of 6 million cars. The state also has created hundreds of thousands of energy efficiency jobs.

“We lead the nation in energy efficiency, but we can do more,” added President Picker. “On eclipse day, to offset the loss of solar power to the grid, we can all see how easy it is to simply power down and use our watts more wisely.”

How to Join Your Fellow Californians

Starting with simple actions can create sustained behavior changes over time:

  • Unplug “vampire” electronics. These are things like coffee makers, televisions, computers, and gadgets that even when turned off, use energy. Nearly a quarter of the electricity used to power home electronics is consumed while the products are turned off. According to the Natural Resources Defense Council, the average U.S. household spends $100 per year to power devices while they are off or in standby mode.
  • Upgrade to LED light bulbs. If all Californians upgraded to LED light bulbs, the state could reduce CO2 emissions equivalent to those produced by a coal-fired power plant in one year. LED light bulbs use at least 75 percent less energy than “old fashioned” incandescent bulbs and save $70 annually.
  • Be mindful about time of use. By using high energy consuming devices, such as dishwashers, air conditioners, and washing machines after 9 p.m., Californians may be able to reduce their energy bills. This also reduces the need to use the most expensive, carbon-intensive forms of power generation during peak demand times.

About Energy Upgrade California

Created by the California Public Utilities Commission (CPUC) in 2011 and funded through the landmark “Clean Energy and Pollution Reduction Act of 2015,” Energy Upgrade California is a statewide marketing, education, and outreach (ME&O) initiative to promote energy management concepts, energy efficiency actions, and clean energy opportunities for the state’s residents and businesses. Visit www.energyupgradeca.org to learn more.

About the California Public Utilities Commission

The CPUC regulates privately owned electric, natural gas, telecommunications, water, railroad, rail transit, and passenger transportation companies. The CPUC serves the public interest by protecting consumers and ensuring the provision of safe, reliable utility service and infrastructure at just and reasonable rates, with a commitment to environmental enhancement and a healthy California economy. Visit www.cpuc.ca.gov to learn more.

Read more: “Do Your Thing” California: Save Energy on...

TEMPE, Ariz.--(BUSINESS WIRE)--First Solar, Inc. (Nasdaq: FSLR) and D. E. Shaw Renewable Investments, L.L.C. (DESRI) today announced the acquisition by a DESRI affiliate of the 40 Megawatt (MW)ac Cuyama Solar Project in Santa Barbara County, California. Terms of the deal were not disclosed.

The project, which was developed by First Solar, is currently under construction, with completion anticipated by the end of 2017. Power from the project is expected to be supplied to Pacific Gas & Electric (PG&E) under a 25-year power purchase agreement (PPA) starting in January 2019. Community Choice Aggregator Peninsula Clean Energy has a one-year “bridge” PPA for power delivered from the plant in 2018.

“We are delighted to work with First Solar on another California solar project,” said Bryan Martin, CEO of DESRI. “Their technology and integrated power plant solutions will help us provide a cost-effective energy solution for the residents and businesses of Santa Barbara.”

“We are pleased to build on this exciting relationship,” said Georges Antoun, First Solar’s Chief Commercial Officer. “DESRI’s clear commitment to building their portfolio with affordable, clean energy is a strong match with First Solar technology.”

When in operation, the power plant – which is the first utility-scale solar installation in Santa Barbara County – is expected to annually provide enough clean, affordable sustainable electricity to power about 16,000 typical California homes and displace more than 30,000 metric tons of CO2 greenhouse gas emissions each year – the equivalent of taking almost 6,000 cars off the road.

Cuyama is the third renewable energy project DESRI has acquired from First Solar. In 2016, DESRI affiliates acquired the 31MWac Portal Ridge Solar Project in Los Angeles County and the 11MWac Rancho Seco Solar Project in Sacramento County.

About D. E. Shaw Renewable Investments

D. E. Shaw Renewable Investments, L.L.C. (DESRI) and its affiliates acquire, own, and manage long-term contracted renewable energy assets in North America. DESRI's portfolio of renewable energy projects currently includes 27 wind and solar projects that represent more than 1,300 MW of aggregate capacity. DESRI is a member of the D. E. Shaw group, a global investment and technology development firm with more than $42 billion in investment capital as of April 1, 2017, and offices in North America, Europe, and Asia. Please visit www.deshaw.com for more information about the D. E. Shaw group.

This press release is provided for the reader's information only and does not constitute investment advice or convey an offer to sell, or the solicitation of an offer to buy, any securities or other financial products.

Please also note that this press release has not been updated since its dateline for any information contained in it that may have changed, including any beliefs and/or opinions. In addition, no assurances can be given that any aims, assumptions, expectations, and/or goals described in this release will be realized or that the activities or any performance described herein did or will continue at all or in the same manner as at the time of the press release.

About First Solar, Inc.

First Solar is a leading global provider of comprehensive photovoltaic (PV) solar systems which use its advanced module and system technology. The company’s integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. From raw material sourcing through end-of-life module recycling, First Solar’s renewable energy systems protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com.

For First Solar Investors

This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning: effects on our financial statements and guidance resulting from certain module manufacturing changes and associated restructuring activities; our business strategy, including anticipated trends and developments in and management plans for our business and the markets in which we operate; future financial results, operating results, revenues, gross margin, operating expenses, products, projected costs (including estimated future module collection and recycling costs), warranties, solar module efficiency and balance of systems cost reduction roadmaps, restructuring, product reliability, investments in unconsolidated affiliates and capital expenditures; our ability to continue to reduce the cost per watt of our solar modules; the impact of public policies, such as tariffs or other trade remedies imposed on solar cells and modules; our ability to reduce the costs to construct PV solar power systems; research and development programs and our ability to improve the conversion efficiency of our solar modules; our ability to expand manufacturing capacity worldwide; sales and marketing initiatives; and competition. These forward-looking statements are often characterized by the use of words such as "estimate," "expect," "anticipate," "project," "plan," "intend," "seek," "believe," "forecast," "foresee," "likely," "may," "should," "goal," "target," "might," "will," "could," "predict," "continue" and the negative or plural of these words and other comparable terminology. Forward-looking statements are only predictions based on our current expectations and our projections about future events. You should not place undue reliance on these forward-looking statements. We undertake no obligation to update any of these forward-looking statements for any reason. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these statements. These factors include, but are not limited to, the matters discussed in Item 1A: "Risk Factors," of our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission.

Read more: D. E. Shaw Renewable Investments Acquires Cuyama...

FREMONT, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in PV inverters, power optimizers, and module-level monitoring services, will LIVE broadcast from its monitoring platform the tracking of the total solar eclipse. The LIVE view is possible with the Company’s PV monitoring platform, which leverages its nearly 300,000 monitored solar energy systems across the United States to track the path of the total solar eclipse and its effect on solar energy generation. The broadcast can be viewed at: https://www3.solaredge.com/us/pveclipsetracking.

“Being one of nature’s most magnificent events, the solar eclipse is a reminder of the importance of sunlight in all our lives. With solar energy now having greater significance for power generation, tracking the path of the eclipse is an exciting undertaking,” stated Guy Sella, CEO and Chairman of SolarEdge. “As a leading PV inverter provider in the United States with PV systems installed coast to coast, we are able to leverage our vast fleet of PV systems and real-time monitoring to live track this event."

The Company is inviting SolarEdge installers and system owners throughout the U.S., both within the path of the total solar eclipse and the areas that will experience the effects of a partial eclipse, to take part in the live tracking by sharing photos and monitoring screenshots during the event on social media using the dedicated hashtag #PVEclipseTracking.

About SolarEdge Technologies

SolarEdge provides an intelligent inverter solution that has changed the way power is harvested and managed in solar photovoltaic systems. The SolarEdge DC optimized inverter system maximizes power generation at the individual PV module-level while lowering the cost of energy produced by the solar PV system. Supporting increased PV proliferation, the SolarEdge system consists of power optimizers, inverters, smart energy management, and a cloud-based monitoring platform. SolarEdge’s solutions addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. SolarEdge is online at http://www.solaredge.us

Read more: SolarEdge to Live Broadcast Solar Eclipse from...

ATLANTA & GRANITEVILLE, S.C.--(BUSINESS WIRE)--MTU America (a subsidiary of Rolls-Royce) held a ceremony on August 9, 2017 in Graniteville, South Carolina, to celebrate a 1.35 MW (DC) ground mounted solar array installed on a 7-acre site highly visible from the I-20 exit ramp in Graniteville. SolAmerica Energy of Atlanta, GA (“SolAmerica”) designed and installed the system and will maintain the project for MTU America. The project will generate energy income for MTU America through a Bill Credit Program with South Carolina Electric & Gas (SCE&G), and was financed under an agreement with Key Equipment Finance, a division of KeyBank.

South Carolina Governor Henry McMaster and Congressman Joe Wilson attended the ceremony, along with other government and business leaders, and participated in “flipping the switch” with MTU America to officially launch the project.

Speaking on behalf of MTU America, Joerg Klisch, Director of Operations of MTU America, stated, “This is a very exciting project for MTU. We are committed to pushing the boundaries of technology in the power solutions we provide to our customers, and solar projects like this will be an important part of the power mix in the future. SolAmerica has been a valuable partner in making this project a reality.”

“The SolAmerica team has been honored to work with MTU America, Key Equipment Finance, SCE&G and Aiken County on this high-profile project in the Graniteville community,” stated George Mori, President of SolAmerica. “South Carolina is a terrific market for distributed solar generation, and MTU deserves a lot of credit for its leadership in launching such an exciting project.”

For more information on this news release and the event itself, please contact Scott Garrett at 770-826-7366 or This email address is being protected from spambots. You need JavaScript enabled to view it..

About SolAmerica Energy—www.SolAmericaenergy.com
SolAmerica Energy develops, finances, and constructs commercial and utility-scale solar photovoltaic projects. Based in Atlanta, Georgia, SolAmerica Energy has built solar projects for many of the leading companies in the Southeast and has developed projects for nationally recognized investors and owner-operators.

About MTU Americawww.mtu-online.com
MTU America Inc. is the North America subsidiary of Rolls-Royce Power Systems. As a technological leader in off-highway power and propulsion systems, MTU America is responsible for the manufacture, sales and service of MTU and MTU Onsite Energy products throughout the United States, Canada, Mexico, Latin America and the Caribbean. MTU America’s core products — MTU diesel engines and MTU Onsite Energy distributed energy systems — can be found in a broad range of applications — from mine haul trucks, military vehicles and marine vessels to hospitals, data centers and universities. With a passion for performance and reliability, MTU offers first-class service and a tradition of excellence to customers all over the world. MTU also is leading the way in green technology, committed to environmental stewardship by making a difference in clean air technology and building a sustainable future. MTU’s entire product line is engineered today to meet the emissions regulations of tomorrow.

About Key Equipment Financewww.keyequipmentfinance.com
Key Equipment Finance has been in the equipment finance business for 44 years and is one of the largest bank-based equipment finance providers in the U.S. The company’s bank channel unit provides tailored equipment lease and finance solutions for commercial clients in the U.S. and Canada. Through its commercial vendor unit, equipment finance programs are developed for manufacturers, distributors and resellers. The company’s government finance unit, Key Government Finance, provides financing solutions for state and local government entities, the federal government and not-for-profit organizations. Key Equipment Finance’s specialty finance group includes a specialty finance lending team, which provides structured facilities to various sectors of the specialty finance market, and a lease capital markets team to support corporations looking to optimize risk and revenue. Headquartered outside Denver, Colorado, Key Equipment Finance manages approximately $12 billion in assets and originates more than $4.5 billion of equipment financing annually.

Read more: SolAmerica Energy Partners with MTU America to...

The global solar micro inverters market is expected to witness a CAGR of 15.3% during the forecast period, to reach $1,968.7 million by 2026

The increasing awareness towards the benefits of energy storage devices and enhanced regulatory structures have increased their penetration in the global market. Based on system type, the stand-alone segment is expected to be the largest segment of the global solar micro inverters market during the forecast period. The residential segment was the largest market for solar micro inverters during 2012 - 2015. The segment is estimated to be the largest market during the forecast period.

Solar Micro Inverters refer to devices that convert direct current (DC) to alternating current (AC) used in all electrical devices. Micro Inverters allow power conversion at individual module or panel level, also known as panel-level conversion. As a result, the performance of solar PV cells is not jeopardized when one or more panels are shaded. Micro inverters monitor the performance of each solar panel individually while string inverters also exhibits the performance of each string.

Growing awareness towards the use of renewable energy sources across the world have led to the large-scale adoption of solar photovoltaic (PV) installations. This is expected to escalate the demand for solar micro inverters during the forecast period. Additionally, the enhancement in the solar power capacity and the growing electricity needs in these countries have further strengthened the market growth in the residential sector.

Solar micro inverters are used in utilities, and residential and commercial sectors. The increasing government incentives and improved renewable energy expenditure has led to increase in demand for micro inverters in residential PV installations in the U.S., Japan, China and India.


The key trend observed in the solar micro inverters market is the growing focus towards integrated module systems, also known as AC modules. In the recent years, companies such as Enphase Energy, Inc., Solar World, Northern Electric and Power (NEP) and ETSolar Group (ET Solar) have been increasingly focusing on developing innovative and high performance integrated module systems, also known as AC modules, to meet the increasing electricity demands of customers in the global market.

Growth Drivers

The factors driving the growth of solar micro inverters market are increasing consumer preference towards greater efficiency of solar power systems, rising electricity demand, increasing government investments and tariffs on photovoltaic technology and growing applications in the residential sector. Growing awareness towards the level of solar power systems have led to other regional markets focusing on implementing regulations such as National Electric Code (NEC). Additionally, the drop in micro inverter prices along with various government initiatives have resulted in higher adoption of PV installations across the globe. Such trends are expected to propel the demand for micro inverters during the forecast period.

Growth Restraints

Higher capital expenditure and significant rise in power optimizers are the major factors that are expected to hamper the growth of global solar micro inverters market. Microinverters replace large parts of a central inverter, which makes them costlier as compared to other traditional inverters. Additionally, the installation of micro inverters requires the installation of a communication bus, which would further add up to the final costs.

Moreover, similar usage of power optimizers and micro inverters could pose a threat to the growth in the solar micro inverters market during the forecast period. The application of power optimizers as an alternative to micro inverters is expected to have adverse ripple effects on the solar micro inverters market.

Key Topics Covered:

1. Research Scope And Methodology

2. Executive Summary

3. Introduction
3.1 Introduction
3.2 Trends In The Solar Micro Inverters Market
3.2.1 Growing Focus Towards Integrated Module Systems
3.3 Opportunities In The Solar Micro Inverters Market
3.3.1 Regulatory Framework
3.3.2 Rising Affordability Of Energy Storage Devices
3.4 Factor Driving Growth Of The Market And Its Impact On Market Forecast
3.4.1 Drop In Micro Inverter Prices
3.4.2 Rising Awareness Towards The Benefits Of Mlpe Technology
3.4.3 Superiority Of Micro Inverters Over Conventional Systems
3.4.4 Impact Analysis Of Drivers On Market Forecast
3.5 Factor Hindering Growth Of The Market And Its Impact On Market Forecast
3.5.1 Higher Initial Costs
3.5.2 Significant Rise In Power Optimizers
3.5.3 Impact Analysis Of Restraints On Market Forecast

4. Global Solar Micro Inverters Market
4.1 Global Solar Micro Inverters Market, By System Type
4.1.1 Stand-Alone Solar Micro Inverters
4.1.2 Integrated Solar Micro Inverters
4.2 Global Solar Micro Inverters Market, By End-Use
4.2.1 Residential
4.2.2 Commercial
4.2.3 Utilities
4.3 Global Solar Micro Inverters Market, By Region

5. Global Solar Micro Inverters Market, By Geography

6. Porters Analysis

7. Company Profiles And Strategic Developments

  • Enphase Energy Inc.
  • Solaredge Technologies, Inc.
  • Abb Ltd
  • Sma Solar Technology Ag
  • Sunpower Corporation
  • Altenergy Power System Inc.
  • Darfon Electronics Corp.
  • Northern Electric And Power Co. Ltd
  • Sparq Systems, Inc.
  • Chilicon Power, Llc.
  • Cyboenergy, Inc.

For more information about this report visit https://www.researchandmarkets.com/research/bmchvn/global_solar

Media Contact:

Research and Markets
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

View original content:http://www.prnewswire.com/news-releases/global-solar-micro-inverters-market-2017-2026---rising-awareness-towards-the-benefits-of-mlpe-technology-300505203.html

SOURCE Research and Markets

Related Links


Read more: Global Solar Micro Inverters Market 2017-2026 -...

VISALIA, Calif., Aug. 16, 2017 /PRNewswire/ -- Inc. magazine today named CalCom Solar to its prestigious list of the fastest-growing private companies in the country, the Inc. 5000. For the second year in a row, CalCom reached the top tier of the list, ranking #23 in 2017, with a staggering three-year growth rate of 9,000 percent.

CalCom joins other notable Inc. 5000 alumni such as Microsoft, Dell, Domino's Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow and many other well-known names who gained their first national exposure as honorees.

CalCom Solar has installed more than 100MW of solar farms, earning a ranking of #23 on the Inc. 5000.
CalCom Solar has installed more than 100MW of solar farms, earning a ranking of #23 on the Inc. 5000.

"Achieving this honor for the second year running demonstrates that sustainability and business can go hand-in-hand in a progressively brighter future," said Dylan Dupre, CEO of CalCom Solar. "We take a very strategic approach to developing some of the largest solar farms in the agricultural and water management industries. We are proud to have saved our customers millions of dollars while helping them operate more sustainably."

CalCom also ranked #3 in the Energy segment of the Inc. 500, a subset of the Inc. 5000 list. The company's growth rate outpaces the 481 percent average growth rate of companies on the 2017 Inc. 5000.

"The Inc. 5000 is the most persuasive evidence I know that the American Dream is still alive," says Inc. President and Editor-In-Chief Eric Schurenberg. "The founders and CEOs of the Inc. 5000 tell us they think determination, risk taking, and vision were the keys to their success, and I believe them."

About CalCom Solar

CalCom Solar is a Visalia, CA-based solar project developer and energy services company focused on agriculture and water customers. Founded in California's Central Valley, CalCom designs, engineers and installs solar and energy storage that offset rising electricity costs while helping customers reduce operational expenses, improve their bottom line, and farm more sustainably. CalCom has developed 100+MW of solar to date, including some of the largest agricultural solar farms in the West.

About the Inc. 5000

The Inc. 5000 is a list of the fastest-growing private companies in the nation. The 2017 Inc. 5000, available online at Inc.com and with the top 500 companies featured in the September issue of Inc., is the most competitive crop in the list's history. The Inc. 5000's aggregate revenue is $206 billion, and companies on the list collectively generated 619,500 jobs over the past three years. The 2017 Inc. 5000 is ranked according to percentage revenue growth from 2013 to 2016. Complete results of the Inc. 5000 can be found at http://www.inc.com/inc5000.

View original content with multimedia:http://www.prnewswire.com/news-releases/calcom-solar-named-one-of-americas-fastest-growing-private-companies-300505034.html

SOURCE CalCom Solar

Read more: CalCom Solar Named One of America's...

CHICAGO, Aug. 17, 2017 /PRNewswire/ -- Marathon Capital, LLC is pleased to announce the sale of a 194 MWDC utility-scale solar portfolio by Heelstone Energy Holdings, LLC ("Heelstone") to Sammons Renewable Energy ("SRE").

Heelstone, headquartered in Chapel Hill, North Carolina, is a leading developer, owner and operator of solar projects.

Will Owens, Member of the Board of Managers and Managing Director of Heelstone, said, "We are confident that the portfolio has found an ideal long-term home with SRE. As we look to the future, we are well positioned with our current pipeline to develop and bring additional solar PV projects to completion. On behalf of the entire Heelstone team, I would like to thank Marathon Capital for their advice, expertise, and a job well done."

"The Heelstone assets are a compelling fit for the SRE portfolio," commented Kevin Lapidus of Franklin Park.  Franklin Park manages Sammons Renewable Energy on behalf of Sammons Infrastructure, a wholly owned subsidiary of Sammons Enterprises.   

Heelstone will continue to provide asset and operations management services to SRE for the 194 MWDC utility-scale solar portfolio.

Marathon Capital acted as the exclusive financial advisor to Heelstone on the sell-side process. "It has been a pleasure to work with both the Heelstone and SRE teams. Heelstone has accomplished a lot and has an exciting future ahead of them. We are thankful for their trust and are delighted with the outcome," said Ammad Faisal, Director of Marathon Capital.

About Heelstone

Heelstone, https://heelstoneenergy.com, is a leading independent power producer and solar developer with expertise across the downstream solar value chain. Heelstone has proven capabilities to source, finance, build and operate high-quality solar assets.

About Sammons Renewable Energy

SRE invests in renewable energy projects in the U.S., Canada and Mexico. The company identifies solar, wind and hydro-related opportunities for development and investment. SRE is managed by Franklin Park Investments.

About Franklin Park

Franklin Park Investments, http://www.franklinparkinvestments.com, provides energy and infrastructure services in major global markets, including North and South America, Europe and Asia. Franklin Park's activities include conventional and renewable electricity generation, electric distribution, rail and road transport and supply chain logistics. Franklin Park manages SRE, with an investment focus on wind, solar and hydroelectric generation in North America.

About Marathon Capital

Marathon Capital is a leading financial advisory and investment banking firm focused on providing financial advice in the areas of M&A, capital raising of debt and equity, project finance, tax equity, financial restructuring, recapitalization, bankruptcy and workout situations in the energy sector. Marathon Capital is a four-time recipient of the "Best Renewable Asset M&A Advisor" Award (2013, 2014, 2016, 2017), "Renewable Generating Project Finance Deal of the Year" Award (2016) and first-time recipient of the "Best Asset M&A Advisor (2017) in Power Finance & Risk's Annual Power Finance Deals and Firms Awards. www.marathon-cap.com

View original content:http://www.prnewswire.com/news-releases/marathon-capital-advises-heelstone-energy-on-the-sale-of-a-194-mwdc-solar-portfolio-to-sammons-renewable-energy-300505797.html

SOURCE Marathon Capital

Related Links


Read more: Marathon Capital Advises Heelstone Energy on the...

LONDON, Aug. 16, 2017 /PRNewswire/ -- Market forecast, technology roadmap, AWES, CKP, HAWP, BAT: kite, aerostat, drone

Airborne Wind Energy AWE is the use of kites, aerostats and planes to make electricity from the more consistent, stronger winds higher than the largest wind turbine possible on land. This 160 page report compares the 20 leading players and gives investment, positioning, roadmap and analysis globally with interviews, infographics.

Download the full report: https://www.reportbuyer.com/product/5059953/

This report is intended for CEO, business planners, marketing VPs, academics, legislators, commentators, investors and others seeking a balanced, easily read, latest analysis of this newly credible form of high-power energy harvesting. Its emphasis is on commercialisation and the future. Airborne Wind Energy AWE is disruptive because it is much less damaging and intrusive than the traditional wind turbine. Indeed, it is capable of much more with its uniquely low capital cost and easy transportability. That means it is more than a replacement: it is intended to creates new markets, including forming a part of modern forms of standby generator that meet impending emissions directives.

AWE has moved from a hobbyist curiosity to attracting around $200 million investment from giants Google, EON, Shell, Schlumberger, Tata, Softbank and others. Two years ago it was widely seen as a solution looking for a problem. However, today, aviation authorities are adapting to accommodate the needs of these kites, tethered wings, aerostats and drones whether they are intended to power a ship, a small farm or - as GW offshore arrays - supplying a national grid. Potentially, AWE will do all that with no emissions and at a fraction of the cost of the conventional wind turbines, down where wind is weaker and more fitful.

Clearly things are changing and IDTechEx, after two years of interviews, visits and analysis by PhD level, multi-lingual researchers, can now make sense of it all, including giving profiles of 25 winners and losers. The report appraises what remains between the proponents and commercial success, including attracting the necessary level of next-stage finance and technical assistance. How much? When?

This 195 page report is replete with infographics, tables and graphs clarifying the variety of opportunity and technology grouped under the term AWE. It takes a strictly analytical rather than evangelical approach, pointing out that turbines lifted aloft by helium-filled aerostats make sense in Alaska, where solar cells are pretty useless and wind is sometimes weak. However, we counsel that those targeting cheap electricity for farmers with limited resources will have difficulty competing with diesel unless the law tips the playing field or obtaining fuel is problematic.

The IDTechEx approach is creative. We believe the new solar roads have a place on commercial ships polluting as much as 30,000 cars and, in tandem with AWE, we believe an electric ship could even become energy independent with zero emissions. We distinguish between AWE applications where the price of grid electricity is critical and where it is irrelevant. Learn the challenges of convincing all interested parties of the safety of these systems. Realistic and improving figures for maintenance, availability and life are crucial.

Impediments are appraised such an electrically launched AWE system using significant energy part of the time. We report ways of reducing the intermittency and therefore energy storage needed in an AWE system and we reveal the near-consensus concerning which designs are most predictable and controllable and we assess which proponents are the most promising investments, providing certain limitations are overcome. Learn how the technologies can be leveraged with extending solar panels on the generator and wave power in the offshore support. Could the flying device produce useful solar and wind energy? How realistic is flying much higher? What are the lessons from the proponents that have gone under? What has been said in recent conferences and interviews on the subject? Only here will you access these unique inputs: there are even a number of other IDTechEx reports and consultancy services available if you wish to drill deeper.

Download the full report: https://www.reportbuyer.com/product/5059953/

About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

View original content:http://www.prnewswire.com/news-releases/airborne-wind-energy-awe-2017-2027-300505553.html

SOURCE ReportBuyer

Related Links


Read more: Airborne Wind Energy (AWE) 2017-2027

ATLANTA, Aug. 16, 2017 /PRNewswire/ -- Georgia Power announced today that the first steam generator has been placed at the Vogtle nuclear expansion near Waynesboro, Georgia. The 1.4 million-pound steam generator was lifted into the Unit 3 nuclear island on Tuesday and marks the first major lift under the recently finalized service agreement with Westinghouse which places Southern Nuclear in charge of oversight activities at the construction site. Southern Nuclear is the Southern Company subsidiary which operates the existing units at Plant Vogtle.

Steam generators, measuring nearly 80 feet long, are heat exchangers used to convert water into steam using the heat produced in a nuclear reactor core. Each new AP1000 unit at Plant Vogtle requires two steam generators, all of which are currently onsite. The steam generators for the new units were fabricated in South Korea and transported to the site via the Port of Savannah and then via rail.

Following the Westinghouse bankruptcy filing on March 29, construction momentum has continued uninterrupted. In addition to Tuesday's placement, other recent progress includes the placement of the first of four 85,000 pound accumulator tanks for the new units, as well as the KQ22 and KQ23 modules, all within the Unit 3 containment vessel. View the latest photos of progress at the construction site in the Plant Vogtle 3 & 4 Online Photo Gallery.

The new nuclear units at Plant Vogtle are the first to be built in the United States in more than 30 years. Georgia Power owns 45.7 percent of the new units, with the project's other Georgia-based co-owners including Oglethorpe Power, MEAG Power and Dalton Utilities. 

Georgia Power continues efforts to complete its comprehensive schedule and cost-to-complete assessment, as well as cancellation cost assessment, for the Vogtle nuclear expansion by the end of the month. The final recommendation is expected to be filed with the Georgia Public Service Commission (PSC) as part of the 17th Vogtle Construction Monitoring (VCM) Report. Once submitted, Georgia Power will work with the Georgia PSC to determine the best path forward for customers

About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).

Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected timing of Georgia Power's recommendation and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any inability or other failure of Toshiba to perform its obligations under its guarantee, including any effect on the construction of Plant Vogtle Units 3 and 4; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of U.S. Department of Energy loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information. 

View original content with multimedia:http://www.prnewswire.com/news-releases/first-steam-generator-placed-for-vogtle-unit-3-300505376.html

SOURCE Georgia Power

Related Links


Read more: First steam generator placed for Vogtle Unit 3

ATLANTA, Aug. 17, 2017 /PRNewswire/ -- The Home Depot® today announced the addition of solar installations at 50 stores as it continues to expand its alternative energy portfolio, essentially creating mini solar farms out of unused rooftops.

The project will reduce electricity grid demand by an estimated 30 to 35 percent annually at each Home Depot store; the equivalent of powering 2,300 average U.S. homes for a year. The average store roof, at approximately 104,000 square feet, will accommodate 1,000 panels.

The Home Depot is working with Current, powered by GE, on 20 solar installations at stores in New Jersey, as well as eight stores in Connecticut, Maryland and Washington, DC. An additional 22 stores in California and New York will receive solar, of which six will utilize Tesla Powerpacks to store energy and dispatch additional power as needed.

"Our alternative energy projects are important elements of our sustainability and operations efforts as they reduce carbon emissions while also lowering our energy costs," said David Hawkins, vice president of labor and operations for The Home Depot.

The company's current alternative and renewable portfolio includes:

  • Solar Power Purchase Agreements (PPA) in Delaware and Massachusetts
  • Fuel cells at more than 170 stores and distribution centers
  • The Los Mirasoles Wind Farm northeast of McAllen, Texas, announced this January
  • The Zopiloapan Wind Farm located in central Mexico, added this June

The solar addition will bring the company's alternative energy footprint to more than 130 megawatts (MW) as it pursues the goal of utilizing 135 MW of alternative and renewable energy by 2020.

Construction on the selected stores will continue throughout 2017. For more on The Home Depot's rooftop solar program, visit: https://corporate.homedepot.com/newsroom/rooftop-solar-farms.

The Home Depot is the world's largest home improvement specialty retailer, with 2,282 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2016, The Home Depot had sales of $94.6 billion and earnings of $8.0 billion. The Company employs more than 400,000 associates. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor's 500 index.

View original content with multimedia:http://www.prnewswire.com/news-releases/the-home-depot-converting-50-rooftops-to-solar-farms-300505712.html

SOURCE The Home Depot

Related Links


Read more: The Home Depot Converting 50 Rooftops to Solar...

• Contract value of around 40 Million Euros for the first two units;
• Refurbishment is a major commitment to infrastructure development in Wales;
• Convincing technical solution from Voith.

The order covers manufacture, installation and commissioning of two units, with an option for the refurbishment of two more units at a later date. The contract has a value of around 40 million Euros. The operator is ENGIE, one of the leading energy and services groups in the UK.

“The refurbishment of the Ffestiniog Power Station is a major commitment to infrastructure development in Wales. We are delighted to announce this investment in Ffestiniog and our partnership with Voith to deliver this important project. The contract was awarded to Voith based on their technically thorough and competitively priced solution”, says Wilfrid Petrie, CEO of ENGIE UK and Ireland.

With this project, Voith offered a technical solution which allows a higher flexibility of the units as well as the extension of the operating band of the power plant. This will allow Ffestiniog to react more quickly to grid requirements with an extended range of operation.

Design, planning and component production work is due to start immediately, while work on site is expected to start at the end of 2018. The refurbishment is set to be completed by early 2020. The announced refurbishment of the first two units is a mid-life-refurbishment, and will ensure the design life is extended for at least 20 years of further operation. The power station was commissioned in 1963 and was the UK’s first major pumped storage facility. Ffestiniog’s four generating units are capable of achieving a combined output of 360 MW enough to supply the entire electricity needs of North Wales for several hours.

Pumped-storage power plants are a significant asset with regard to the planned expansion of renewable energy sources. Only these plants can absorb electrical energy from fluctuating renewable sources such as wind and solar power during feed-in peaks both cost-effectively and on a large scale, and in turn feed power back into the grid in a matter of seconds if necessary. With their capacities they therefore contribute to the security of the power supply and the stability of the grid a contribution that is becoming all the more necessary as the proportion of volatile power from wind and solar energy in the grid increases.

For 150 years, Voith’s technologies have been inspiring customers, business partners and employees worldwide. Founded in 1867, Voith today (voith.com) has around 19,000 employees, sales of € 4.3 billion and locations in more than 60 countries worldwide and is thus one of the largest familyowned companies in Europe. Being a technology leader, Voith sets standards in the markets of energy, oil & gas, paper, raw materials and transport & automotive.

Read more: Voith to Modernize Welsh Pumped Storage Plant...

ROCKVILLE, Md.--(BUSINESS WIRE)--Standard Solar, a leading solar energy company, has completed a 1.4 Megawatt (MW) ground mount solar project for Anne Arundel County Public Schools (AACPS), the fifth largest public school district in the State of Maryland with a student population of approximately 82,000 students. The AACPS portfolio consists of 125 schools and nine administrative buildings. Standard Solar developed and constructed the project, and financed the array located on six acres of school system-owned land at the Fort Smallwood Facilities complex in Pasadena, Md. ClicktoTweet

AACPS adopted a sustainability policy in 2013 that officially defined its green initiatives. Already, 68 of the county’s 125 school facilities are Maryland Green School awardees. The 1.399MW ground mount array, financed by Standard Solar through a long-term power purchase agreement (PPA), features nearly 4,000 panels that will produce 1,971 megawatt hours of electricity annually.

AACPS has an aggressive 20 percent reduction goal in energy use intensity over ten years with a 2011 baseline as part of their commitment to the Better Buildings Challenge and dedication to the energy efficiency of District buildings.

“We have more than 13.4 million square feet of facility space and a $26 million utility budget. It is essential that we reduce our energy consumption, explore renewable energy, and be efficient with our energy use,” AACPS Superintendent of Schools Dr. George Arlotto said.

“This was a particularly special project for Standard Solar. First, for our team’s ability to overcome complex site configuration challenges and second, because it marks one of the first solar projects financed internally by Standard Solar,” explained Scott Wiater, president and CEO, Standard Solar. “This partnership with AACPS is a clear example of how school systems, counties, municipalities and more can benefit from solar and its resulting cost savings through taking advantage of smart financing.”

A 2016 report, Brighter Maryland: A Study on Solar in Maryland Schools, conducted by The Solar Foundation (TSF), an independent nonprofit solar research and education organization, found 1,867 public and private K-12 schools in the state could cost-effectively deploy solar energy systems. Combined, these systems could generate electricity valued at over $18 million per year, equivalent to 421 teacher salaries, and produce 165,000 megawatt-hours of electricity – enough to offset the carbon emissions of 24,000 passenger vehicles. Anne Arundel County was identified as being among the top five counties with the most significant potential, including the creation of an estimated 100 jobs and a savings of over $1 million over the course of 30 years.

Standard Solar will own, operate and maintain the system. Construction on the project is complete and a ribbon-cutting ceremony took place this morning.

Editor’s note: photos available on request

About Standard Solar

Standard Solar, Inc. is a leading solar energy company specializing in the development and financing of solar electric systems nationwide. Dedicated to making Distributed Generation (DG) solar more accessible to businesses, institutions, governments and utilities, the company is forging the path for clean, renewable energy development through turnkey solutions. With more than 100 megawatts installed, financed or maintained, Standard Solar is one of the most trusted and respected solar companies. Owned by Gaz Métro, a leading energy provider with more than US$5.8 billion in assets, Standard Solar operates nationally and is headquartered in Rockville, Md. For more information, please visit www.standardsolar.com.

Read more: Anne Arundel County Public Schools Completes...

More Articles ...




SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter Join the Journey of Pan India B2C Solar Rooftop Series in Your Cities; visit https://t.co/Ab6kpz9SRT for more deta… https://t.co/Y4oCRboELh
Monday, 14 August 2017 10:24
SolarQuarter SolarRoofs India wishes you a very Happy Independence Day!!! https://t.co/s28rPfG4ui
Monday, 14 August 2017 10:23
SolarQuarter SolarQuarter In Convestion with, >> Mr. KishorShinde, General Manager, Maharashtra Energy Development Agency >> Mr…https://t.co/o5Jcr8j3oB
Monday, 14 August 2017 09:13
SolarQuarter In conversation with Mr.Chris Prengels, CEO,Tiger Power https://t.co/8BqIT9VNh0
Friday, 11 August 2017 09:20
SolarQuarter BePresent With Biggest CXOs of Indian Renewable Energy Sector For DelegateRegistrations, contact: Ms. Pratika Jath…https://t.co/w44NCJOaUu
Tuesday, 08 August 2017 09:41