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BAODING, China, April 28, 2017 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, known as "Yingli solar," today announced that it has filed with the Securities and Exchange Commission a Form 12b-25 (the "Form 12b-25") to extend by fifteen days the due date for filing its annual report on Form 20-F for the fiscal year ended December 31, 2016 (the "2016 Form 20-F").

The Company is unable to file the 2016 Form 20-F on or before the prescribed due date of May 1, 2017 without unreasonable effort or expense, because the Company needs more time to prepare and review its consolidated financial statements as of and for the year ended December 31, 2016 and notes thereto, especially those related to the Company's liquidity, debt restructuring and alternative financing plans as previously disclosed by the Company in its press release dated April 13, 2017. The Company also needs more time to finalize assessment of its internal control over financial reporting and to finalize related disclosures in the Form 20-F. As disclosed in the Company's press release dated April 13, 2017, there is substantial doubt as to the Company's ability to continue as a going concern and the Company expects to disclose the same in the Form 20-F.

The Company's management expects that the 2016 Form 20-F will be filed on or before May 16, 2017.

About Yingli Green Energy

Yingli Green Energy Holding Company Limited (NYSE: YGE), known as "Yingli Solar" or "Yingli", is one of the world's leading solar panel manufacturers. Yingli's manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar panel assembly. Headquartered in Baoding, China, Yingli has more than 20 regional subsidiaries and branch offices and has distributed more than 17 GW solar panels to customers worldwide. For more information, please visit www.yinglisolar.com and join the conversation on FacebookTwitter and Weibo.

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of 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," "target" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

For further information, please contact:

Eric Pan
Investor Relations 
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/yingli-green-energy-filed-extension-for-2016-form-20-f-300447947.html

SOURCE Yingli Green Energy Holding Company Limited

Related Links

http://www.yinglisolar.com

Read more: Yingli Green Energy Filed Extension for 2016...

SHANGHAI, April 28, 2017 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (www.renesola.com) (NYSE: SOL), a leading fully integrated solar project developer and provider of energy-efficient products, today announced that it filed its Annual Report on Form 20-F for the year ended December 31, 2016 with the U.S. Securities and Exchange Commission on April 28, 2017. The Annual Report on Form 20-F can be accessed on ReneSola's investor relations website at http://ir.renesola.com or on the SEC's website at www.sec.gov.

ReneSola will provide its shareholders and ADS holders with hard copies free of charge upon request. Requests should be directed to This email address is being protected from spambots. You need JavaScript enabled to view it. or by mail to ReneSola Ltd, Attn: Investor Relations, 15F No. 500 West Yan'an Rd, Changning District, Shanghai, People's Republic of China, 200050.

Read more: ReneSola Files 2016 Annual Report on Form 20-F

PARIS, April 27, 2017 /PRNewswire/ --

Elior Group has chosen to integrate the Bluecar®, Bolloré's all electric city car, in its car fleet. This partnership will pave the way for Elior Group to shift to electric vehicles (EVs) by giving its employees access to the Bluecar, a four-seater EV powered by an LMP® (Lithium Metal Polymer) battery. Created and developed by Bolloré Group's subsidiary Blue Solutions, this unique technology ensures maximum safety, reliability and performance.

     (Logo: http://photos.prnewswire.com/prnh/20160411/353501LOGO )

This pro-active and committed initiative is part of the continuous improvement approach underpinning the Elior Group CSR strategy; the Positive Foodprint Plan. As of May 2017, ten Bluecars with an autonomy of 250 km will be tested by staff members who are employed at Elior Group, Elior or Elior Services and are interested in taking part in the project. The program will subsequently be offered to all staff members willing to take part in the operation, primarily in Paris and the Paris region. Employees wishing to participate will play an important role in the fight against pollution and have access to a network of 6,200 recharge terminals.

In the Paris region, Elior Group has a fleet of 400 cars in the non-refrigerated vehicle category. Tests will be carried out over a 20-month period to enable staff members using Bluecars to give feedback and foster the development of this EV offer. The ecological impact will be immediate since the use of electric cars will enable the Group to reduce its carbon footprint by three to four tons of CO2 depending on the type of car.

Elior Group chose the Bolloré Group because of the latter's end-to-end production-line management (car, LMP® battery, recharge terminal network, onboard connectivity, etc.) and the implementation of a dedicated software platform to manage car-sharing.

Elior Group Chairman and Chief Executive Philippe Salle stated: "We are proud of the partnership we have forged with the Bolloré Group which will enable us to integrate EVs into our vehicle fleet. Within the context of our Positive Foodprint Plan CSR strategy, our aim is to conduct our business in a responsible manner, by promoting car-sharing and participating in the fight against pollution, notably in Paris. Integrating the Bluecar in our car fleet has enabled us to take a step further towards reducing our carbon footprint and meeting environmental protection challenges".

More info : http://www.eliorgroup.com

SOURCE Elior Group

Read more: Elior Group Goes Electric and Chooses the...

KYOTO, Japan--()--Kyocera Corporation, K.K. GAIA POWER, Kyudenko Corporation and Tokyo Century Corporation announced today that Kanoya Osaki Solar Hills LLC, a solar power operating company jointly established by the four companies, has launched construction of a 92-megawatt (MW) solar power plant. Located on a site stretching across Kanoya City and Osaki Town in Kagoshima Prefecture, the project will become one of the largest*1 solar installations in the Kyushu region of Japan spanning across approximately 494 acres (2,000,000m2), making it almost the same size as the country Monaco. A ceremony was held on April 27 to commemorate the plant’s groundbreaking.

Project Overview

Project name   Kanoya Osaki Solar Hills Solar Power Plant
Location Kanoya City and Osaki Town in Kagoshima Prefecture, Japan
Output Approx. 92MW

Expected annual power
generation

Approx. 99,230MWh/year
Electricity generated will provide the equivalent power for roughly 33,370 average households*2.
Solar modules

340,740 Kyocera modules (planned)

Total investment Approx. 35 billion yen (approx. USD315 million*3)
Project timeline  

April 3, 2017: Start of construction
January 2020: Start of operation (planned)

 

Project planning began in January 2014, as the local community expressed interest in repurposing land that was designated for a golf course more than 30 years ago but subsequently abandoned. The site plan will accommodate 340,740 Kyocera solar modules and is expected to generate roughly 99,230MWh annually — enough electricity to power approximately 33,370 typical households, offsetting roughly 52,940 tons of CO2 emissions per year*4.

Under the agreement, Kanoya Osaki Solar Hills LLC will operate the business, and a consortium established by Kyudenko and Gaia Power is undertaking the design, construction and maintenance of the solar installation. Kyocera is supplying its high-efficiency solar modules and Tokyo Century is responsible for the finance arrangement. Approximately 35 billion yen (approx. USD315 million) in investment is planned for the project, with a goal to begin operations in January 2020.

The massive installation is expected to contribute to the local community through job creation and increase of tax revenues in Kanoya City and Osaki Town. In addition to obtaining forestland development permission, a year-long environmental impact assessment has been completed for the large-scale project. Furthermore, the plant will feature an environmentally friendly design by minimizing land development. The companies will continually work with Kagoshima Prefecture, Kanoya City, Osaki Town and other members of the community to complete construction, and they remain committed to promoting renewable energy as well as contributing to environmental protection and the creation of a sustainable society.

Company Overview

Company name   Kanoya Osaki Solar Hills LLC
Location Kanoya City, Kagoshima Prefecture, Japan
Established May 27, 2014
Shareholders  

K.K. GAIA POWER: 72.7%
Kyocera Corporation: 9.1%
Kyudenko Corporation: 9.1%
Tokyo Century Corporation: 9.1%

 

Role of Participating Companies

Business operation   Kanoya Osaki Solar Hills LLC

Design, construction and
maintenance

Consortium established by Kyudenko Corporation and K.K. GAIA POWER
Supply of solar modules Kyocera Corporation
Finance arrangement   Tokyo Century Corporation
 
*1   Among operating solar power plants. Based on research by the four companies (as of April 1, 2017)
*2 Based on average annual use of 2,973.6kWh per household. Source: Japan Atomic Energy Relations Organization (Graphical Flip-chart of Nuclear & Energy Related Topics 2016)
*3 For the reader’s convenience; based on an exchange rate of JPY111 = USD1 (as of April 26, 2017).
*4 Based on calculations derived from standards created by JPEA in 2016
 

About KYOCERA

Kyocera Corporation (NYSE:KYO)(TOKYO:6971), the parent and global headquarters of the Kyocera Group, was founded in 1959 as a producer of fine ceramics (also known as “advanced ceramics”). By combining these engineered materials with metals and integrating them with other technologies, Kyocera has become a leading supplier of solar power generating systems, mobile phones, printers, copiers, electronic components, semiconductor packages, cutting tools and industrial ceramics. During the year ended March 31, 2016, the company’s consolidated net sales totaled 1.48 trillion yen (approx. USD13.1 billion). Kyocera appears on the “Top 100 Global Innovators” list by Clarivate Analytics and is ranked #531 on Forbes magazine’s 2016 “Global 2000” list of the world’s largest publicly traded companies.

Read more: Kyocera, Gaia Power, Kyudenko and Tokyo Century...

GARDENA, CA--(Marketwired - April 28, 2017) - Polar Power, Inc. (NASDAQ: POLA), a global provider of prime and backup DC power solutions, reported its financial results for the three months ended March 31, 2017.

Key First Quarter 2017 Financial & Operational Highlights:

  • Received product approval and vendor listings for DC power solutions from two, Tier-1 wireless carriers in the United States, Polar Power is now an approved vendor to 3 of the top 5 U.S. wireless carriers.
  • Hired and appointed strategic personnel:
    • Andre Herbst - Director of Telecom Sales and Business Development Africa specializing in energy efficient solar hybrid power systems. Established an office in Cape Town, South Africa.
    • Michael Mullen - Manager of Telecom Business Development Middle East. Established an office in Dubai, United Arab Emirates.
    • Christopher Sabo - East Coast Regional Director of Telecom Business Development.
  • Introduced a new and economical 15kW horizontal diesel DC generator to compete with legacy AC products in international and U.S. markets.
  • Commenced an R&D program for next generation DC power solutions for 5G market opportunities.
  • Commenced an R&D program for 200kW DC generator for data centers and military applications.
  • Net sales increased 47% to $5.0 million, as compared to $3.4 million in Q1 2016.
  • Operating income remained unchanged at $1.0 million.
  • Net income remained unchanged at $0.6 million, or $0.06 per basic and diluted share, as compared to net income of $0.6 million, or $0.08 per basic and diluted share, in Q1 2016.

Financial Results for the Three Months Ended March 31, 2017 Versus Same Year-Ago Quarter

Net sales totaled $5.0 million in Q1 2017, an increase of 47%, as compared to $3.4 million in Q1 2016. The increase in net sales was a result of an increase in the number of DC power systems sold within the U.S. telecommunications market.

Backlog totaled $1.0 million at March 31, 2017, as compared to $3.1 million at December 31, 2016. The decrease in backlog at the end of Q1 2017 as compared to the end of Q4 2016 was attributable to delays in renewing pricing terms for the Company's DC power solutions with existing and new customers, coupled with a lower than expected level of product sales to the Company's largest customer.

Gross profit increased to $1.9 million in Q1 2017 as compared to $1.4 million in Q1 2016. This represents a 33% increase in gross profit. Gross profit as a percentage of net sales, decreased 390 basis points to 38.6% in Q1 2017, as compared to 42.5% in Q1 2016. The decrease in gross profit as a percentage of net sales was attributable to the decrease in pricing of the Company's DC power solutions during Q1 2017. In addition, an increase in direct labor that was absorbed in cost of sales negatively affected the Company's margins. Employee count increased 89% to 102 in the first quarter of 2017 as compared to 54 in the first quarter of 2016.

Operating expenses increased to $1.0 million in Q1 2017 from $0.5 million in Q1 2016. The increase in operating expenses was primarily due to the addition of sales and administrative personnel and an increase in consulting and accounting fees.

Operating income remained unchanged at $1.0 million.

Net income remained unchanged at $0.6 million, or $0.06 per basic and diluted share in Q1 2017, compared to net income of $0.6 million, or $0.08 per basic and diluted share, in Q1 2016.

Cash at March 31, 2017 totaled $16.8 million, as compared to $16.2 million at December 31, 2016. The substantial balances of cash as of the comparative periods ended March 31, 2017 and December 31, 2016 resulted from the net proceeds of $17.0 million from the Company's initial public offering in December 2016.

Management Commentary

"During the first quarter of 2017, we made substantial progress executing on our business plan," said Polar Power CEO, Arthur Sams. "One of our major goals was to reduce our customer concentration and to secure new wireless carriers for our DC power solutions. We are pleased to report that during the first quarter we obtained approved vendor status with two additional U.S. wireless carriers and now service 3 of the top 5 wireless carriers in the United States. We anticipate these new carriers will commence ordering products in the upcoming quarters.

"In preparation for these customers coming online, we reduced our pricing structure and started training new employees to gear up production. These strategic decisions resulted in a decline in our gross profit as a percentage of net sales to 38.6% from our normalized range of 40%-45%. We expect our gross profit as a percentage of sales to return to levels within the normalized range during the second half of 2017, after we maximize labor efficiency and realize the positive changes with our new supply chain agreements.

"During the first quarter of 2017, we also developed a new, 15kW horizontal diesel DC power system that comes at a lower cost and similar margin profile as our current product portfolio. We believe that this new power system increases our competitiveness overseas, meets new customer demands and will assist us in diversifying our current customer concentration profile amongst wireless carriers in the U.S. We decided to implement more competitive pricing and develop new "economy" models in order to accelerate product acceptance with new customers.

"On the R&D front, our engineers commenced new initiatives for our next generation DC power solution that will address the significant 5G market opportunity, which we believe will be a much smaller footprint across many sites. We expect 5G to be fully commercialized by 2020. Small cell sites are a key requirement for the mainstream rollout of 5G and we believe our competitive advantage in size and efficiency provides us with a unique opportunity to capitalize on this immense opportunity in the coming years.

"We believe the outlook for the remainder of 2017 is encouraging. Despite lower than expected sales and backlog for the first quarter of 2017, we remain confident in our ability to continue to execute on our business plan for 2017 and beyond. Our confidence is based in large part upon our new Tier-1 wireless carrier customers, expected penetration in international markets, deployment of new products and the commencement of our rental fleet with small to medium-sized telecoms.

"We look forward to sharing more on our developing story at three investor conferences during the month of May 2017," concluded Sams.

About Polar Power, Inc.

Gardena, California-based Polar Power, Inc. (NASDAQ: POLA), designs, manufactures and sells direct current, or DC, power systems, lithium battery powered hybrid solar systems for applications in the telecommunications market and, in other markets, including military, electric vehicle charging, cogeneration, distributed power and uninterruptable power supply. Within the telecommunications market, Polar's systems provide reliable and low-cost energy for applications for off-grid and bad-grid applications with critical power needs that cannot be without power in the event of utility grid failure. For more information, please visit www.polarpower.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

With the exception of historical information, the matters discussed in this press release including, without limitation, Polar Power's expectation that its new customers will commence ordering products during the next two quarters; the expectation that Polar Power's gross profit as a percentage of net sales will return to within a range of 40%-45% during the second half of 2017; Polar Power's belief that its new economy DC power system will increase competitiveness overseas, meet new customer demands and assist in diversifying Polar Power's current customer concentration; the expectation of Polar Power that 5G technology will be fully commercialized by 2020 and that its products have a competitive advantage in size and efficiency within this new market; Polar Power's belief that the outlook for the remainder of 2017 is encouraging; and Polar Power's belief that it can continue to execute on its business plan for 2017 and beyond are forward-looking statements and considerations that involve a number of risks and uncertainties. The actual future results of Polar Power could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, adverse economic and market conditions, including demand for DC power systems; raw material and manufacturing costs; changes in governmental regulations and policies; and other events, factors and risks previously and from time to time disclosed in Polar Power's filings with the Securities and Exchange Commission including, specifically, those factors set forth in the "Risk Factors" section contained in Polar Power's Form 10-K filed with the Securities and Exchange Commission on March 10, 2017.

 
 
POLAR POWER INC.
BALANCE SHEETS
    March 31,
2017
(Unaudited)
  December 31,
2016
ASSETS            
Current assets            
  Cash and cash equivalents   $ 16,750,684   $ 16,242,158
  Accounts receivable     3,347,992     4,403,946
  Inventories, net     5,558,695     4,839,591
  Prepaid expenses     277,481     178,569
  Total current assets     25,934,852     25,664,264
             
Other assets:
Property and equipment, net
   
734,370
    737,586
Deposits     66,796     66,796
Deferred tax assets     223,293     160,637
Cash held as security     1,000,049     0
             
Total assets   $ 27,959,360   $ 26,629,283
             
LIABILITIES AND SHAREHOLDERS' EQUITY            
Current liabilities            
  Accounts payable   $ 966,304   $ 659,355
  Customer deposits     168,204     71,954
  Income taxes payable     1,661,244     1,227,308
  Accrued liabilities and other current liabilities     601,929     669,889
  Current portion of notes payable     107,568     111,368
  Total current liabilities     3,505,249     2,739,874
Notes payable, net of current portion     209,253     237,431
             
Total liabilities     3,714,502     2,977,305
             
Commitments and Contingencies            
             
Shareholders' Equity            
  Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding     -     -
  Common stock, $0.0001 par value, 50,000,000 shares authorized, 10,143,158 and, 10,143,158 shares issued and outstanding, respectively     1,014     1,014
  Additional paid-in capital     19,242,715     19,242,715
  Retained earnings     5,001,129     4,408,249
  Total shareholders' equity     24,244,858     23,651,978
             
Total liabilities and shareholders' equity   $ 27,959,360   $ 26,629,283
             
             
POLAR POWER INC.
STATEMENTS OF OPERATIONS
(Unaudited)
    Three Months Ended
March 31,
 
    2017     2016  
                 
Net sales   $ 4,966,981     $ 3,387,743  
                 
Cost of sales     3,050,251       1,949,639  
                 
Gross profit     1,916,730       1,438,104  
Operating Expenses                
  General and administrative     671,425       363,798  
  Research and development     76,003       74,583  
  Sales and Marketing     195,094       41,931  
  Depreciation and amortization     7,734       5,646  
Total operating expenses     950,256       485,958  
Income from operations     966,474       952,146  
Other Income (Expenses)                
  Interest expenses     (4,776 )     (24,004 )
  Other Income     2,462       1,229  
Total other Income (Expense), net     (2,314 )     (22,775 )
Income before income taxes     964,160       929,371  
Income tax provision     371,280       353,161  
Net Income   $ 592,880     $ 576,210  
                 
Net Income per share - basic and diluted   $ 0.06     $ 0.08  
Weighted average shares outstanding, basic and diluted     10,143,158       7,383,150  
                 
                 
POLAR POWER INC.  
STATEMENTS OF CASH FLOWS  
(Unaudited)  
    Three Months Ended
March 31,
 
    2017     2016  
                 
Cash flows from operating activities:                
  Net Income   $ 592,880     $ 576,210  
  Adjustments to reconcile net income to net cash used in operating activities:                
  Common shares issued for services     -       37,500  
  Depreciation and amortization     59,174       40,914  
  Changes in operating assets and liabilities                
    Accounts receivable     1,055,954       (839,445 )
    Inventories     (719,104 )     (295,250 )
    Prepaid expenses     (98,912 )     (27,037 )
    Deposits     -       (7,500 )
    Deferred tax asset     (62,656 )     -  
    Accounts payable     306,949       477,127  
    Income taxes payable     433,936       353,161  
    Customer deposits     96,250       (108,535 )
      Accrued expenses and other current liabilities     (67,960 )     (55,880 )
  Net cash provided by (used in) operating activities     1,596,511       151,265  
                 
Cash flows from investing activities:                
Acquisition of property and equipment     (55,957 )     (93,805 )
Payable for acquired technology     -       (45,000 )
Net cash used in investing activities     (55,957 )     (138,805 )
                 
Cash flows from financing activities:                
Advances (repayment) of credit line net     0       39,711  
Repayment of notes     (31,979 )     (82,719 )
Cash held as security     (1,000,049 )     -  
Net cash used in financing activities     (1,032,028 )     (43,008 )
                 
Increase (decrease) in cash and cash equivalents     508,526       (30,548 )
Cash and cash equivalents, beginning of period     16,242,158       263,418  
Cash and cash equivalents, end of period   $ 16,750,684     $ 232,870  
                 
Supplemental Cash Flow Information:                
Interest paid   $ 4,776     $ 24,004  
Taxes Paid             - -  
Supplemental non-cash investing and financing activities:                
Assets acquired under notes payable   $ -     $ 223,186  
                 
Read more: Polar Power Reports First Quarter 2017 Financial...

AUSTIN, Texas--()--7X Energy, Inc., an innovation leader in utility-scale solar development, today announced the availability of SolarBlocksTM, the first block-and-index power purchasing product in which the blocks of energy are generated by a greenfield solar plant developed by 7X Energy. Traditionally, blocks are supplied by a variety of generation sources on an energy buyer’s local grid.

SolarBlocks is designed for commercial and industrial (C&I) energy buyers in Independent System Operator (ISO) markets with retail choice that want to procure some of their energy from renewable sources, but seek more flexibility than a traditional 20-year, fixed-price power purchase agreement (PPA) allows.

A block-and-index power purchasing strategy balances stability and flexibility. A portion of a buyer’s energy needs—represented by blocks, or in this case a specified amount of energy generated by solar—is locked-in at a low, fixed rate over a contract term as short as eight years. Any additional or off-peak usage is procured from a customer’s retail energy provider through the wholesale market either at indexed real-time prices or through additional short-term block purchases.

“This strategy works exceptionally well for corporate buyers,” explained Clay Butler, President and CEO of 7X Energy. “Companies typically consume the most energy during the day, when solar is the least expensive energy available. At off-peak times, when solar is unavailable, wholesale pricing can be competitive. It’s the best of both worlds.”

SolarBlocks provides a familiar energy procurement experience that allows companies to continue working with their current energy retailer while enjoying the benefits of buying solar energy.

“Companies told us that they want to simplify how they procure renewable energy,” said Mr. Butler. “Many companies are accustomed to purchasing power through an energy retailer and SolarBlocks supports that model. The retailers can work with corporations to determine the right amounts of energy to procure through blocks and the wholesale market to reduce their energy spend and mitigate risks from fuel pricing volatility. Customers will continue their billing arrangements with their preferred retailer.”

In addition, because the solar facilities that 7X Energy will build for SolarBlocks customers represent new construction, companies can claim additionality and receive Renewable Energy Certificates (RECs).

“SolarBlocks is a compelling alternative to a traditional PPA, and a win all around for companies. It offers companies a new option for procuring energy that helps them meet their sustainability goals, reduce costs and mitigate risks,” said Mr. Butler.

Read more: 7X Energy, Inc. Launches Industry’s First Solar...

GUELPH, Ontario, April 27, 2017 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced the filing of its annual report on Form 20-F for the year ended on December 31, 2016 with the U.S. Securities and Exchange Commission ("SEC").  The annual report on Form 20-F can be accessed on the Company's Investor Relations website at www.canadiansolar.com or on the SEC's website at www.sec.gov.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed for the attention of the Investor Relations Department to Canadian Solar Inc., 545 Speedvale Avenue West Guelph, Ontario, Canada N1K 1E6.

About Canadian Solar

Founded in 2001 in Canada, Canadian Solar is one of the world's largest and foremost solar power companies. As a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions, Canadian Solar also has a geographically diversified pipeline of utility-scale power projects in various stages of development. In the past 16 years, Canadian Solar has successfully delivered over 20 GW of premium quality modules to over 100 countries around the world. Furthermore, Canadian Solar is one of the most bankable companies in the solar industry, having been publicly listed on NASDAQ since 2006. For additional information about the company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

CONTACT INFORMATION:

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/canadian-solar-files-annual-report-on-form-20-f-for-year-ended-december-31-2016-300447123.html

SOURCE Canadian Solar Inc.

Related Links

http://www.canadiansolar.com

Read more: Canadian Solar Files Annual Report on Form 20-F...

DUBAI, United Arab Emirates--()--HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, honoured 10 winners from 8 countries at the Mohammed bin Rashid Al Maktoum Global Award, which is worth USD 1 million. Also present was HH Mansoor bin Mohammed bin Rashid Al Maktoum. The Award was launched by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to encourage research centres, individuals and innovators from around the world to find innovative and sustainable solutions for clean-water scarcity around the world, using solar power. The award is overseen by the UAE Water Aid Foundation (Suqia), under the umbrella of the Mohammed bin Rashid Al Maktoum Global Initiatives. It has three main categories: Innovative Projects Award, Innovative Research and Development Award, and the Innovative Youth Award.

The first place in the Innovative Research and Development Award – National Institutions category, was jointly-shared by Khalifa University for a dual-disinfection-modified biosand filter, coupled with a solar pasteuriser system, and Masdar Institute at Khalifa University for a solar desalination process using a perforated black fabric under a solar collector.

The first place in the Innovative Research and Development Award - International Institutions category, went to the Netherlands Organization for Applied Scientific Research (TNO), in cooperation with the Qatar General Electricity and Water Corporation (KAHRAMAA), for a solar-powered desalination technology based on TNO’s high-efficiency membrane distillation concept.

The first place in the Innovative Projects Award went to the Elemental Water Makers from the Netherlands, for a solar-powered Reverse Osmosis (RO) plant to produce drinking water.

Dr Marta Vivar from Spain won the Innovative Youth Award for a hybrid solar photovoltaic-photochemical system for water disinfection and electricity generation.

Al Tayer noted that hundreds of millions of children won’t have access to clean water in the future, and that girls now spend 200 million hours a day collecting water, which affects their education, according to UNICEF.

*Source: ME NewsWire

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MINNETONKA, Minn.--()--Blue Lake Rancheria, a century-old Native American reservation in Northern California, has launched its low-carbon community microgrid that is helping power government offices, economic enterprises, and critical Red Cross safety shelter-in-place facilities across 100 acres. In collaboration with Humboldt State University's Schatz Energy Research Center, Siemens, Idaho National Laboratory and additional partners, the microgrid uses decentralized energy resources and intelligent software to provide its residents and economic enterprises with reliable power without interruption.

The microgrid includes a 500-kilowatt solar photovoltaic system designed and built by REC Solar and a 950 kWh Tesla battery storage system, all managed and controlled with Siemens Spectrum Power Microgrid Management System (MGMS) software. Funded in part through a $5 million grant from the California Energy Commission's Electric Program Investment Charge (EPIC) program, the system allows the reservation to operate independently of the power grid in coordination with local utility Pacific Gas & Electric. This project incorporates the largest solar array in currently in operation in Humboldt County, California, is estimated to save the Tribe over $200,000 in annual energy costs, will reduce at least 150 tons of carbon per year and will grow Tribal clean energy jobs by 10 percent.

“With the help of our state, academic, technology, federal, and utility partners, this microgrid project has fulfilled the Tribe’s aggressive energy security, economic, and environmental goals,” said Jana Ganion, the Tribe’s Sustainability Director. “We have proven we can efficiently deploy the fiscally-responsible solar and storage sources of energy, create clean energy jobs, and transition away from fossil fuels at a brisk and feasible pace.”

“At its core, this microgrid is an example of motivated governments investing in distributed grid improvements and low-carbon energy in a novel and replicable way,” said Arla Ramsey, Blue Lake Rancheria’s Vice Chair. “Our partners have contributed their expertise and goodwill far above what we expected. This partnership approach has transformed our energy sector with significant employment and other economic co-benefits.”

“The Blue Lake Rancheria community is leading the way in their commitment to the environment,” said Alan Russo, senior vice president of sales and marketing at REC Solar. “We enjoyed working alongside a customer with shared values and a willingness to build such innovative energy solutions.”

“This project demonstrates how national laboratory assets can be leveraged as part of a diverse partnership to reduce risks and build resilient community microgrids,” said Rob Hovsapian, Power & Energy Systems manager at Idaho National Laboratory.

“The continuing trend toward decentralized energy is made feasible in large part by the introduction of intelligent software to manage and control a vast array of energy resources,” said Pat Wilkinson, Vice President at Siemens Digital Grid. “With our intelligent microgrid management software, Blue Lake Rancheria is able to rely on a complex mix of generation and storage to work together to deliver efficient, reliable and cleaner power for the Tribe's government offices and other critical infrastructure.”

“The Blue Lake Rancheria has been a pioneer in bringing together a number of different energy technologies in one location through their microgrid,” said David Rubin, PG&E’s Director of Service Analysis. “We have welcomed the opportunity to participate in this microgrid project because it showcases the use of multiple distributed energy resources while playing an important role in the community in the event of a natural disaster or another emergency.”

The software is able to accurately predict power needs and dynamically manage generation and distribution through integrated weather data, load forecasting, and load-shed scenarios. In grid-connected mode, the software will help the Tribe reduce peak loads and conduct other energy management optimization to help relieve pressures on the larger grid. In cases of emergency when the larger grid is down, the system will operate in islanded mode. In both scenarios, the software prioritizes the use of the cleanest and most financially beneficial forms of energy, in this case solar and battery storage, within a portfolio of on-site generation sources.

For further information on the Blue Lake Rancheria microgrid, please visit http://news.usa.siemens.biz.

Siemens Corporation is a U.S. subsidiary of Siemens AG, a global powerhouse focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of systems for power generation and transmission as well as medical diagnosis. With approximately 351,000 employees in 190 countries, Siemens reported worldwide revenue of $88.1 billion in fiscal 2016. Siemens in the USA reported revenue of $23.7 billion, including $5.4 billion in exports, and employs approximately 50,000 people throughout all 50 states and Puerto Rico.

Blue Lake Rancheria

Located in Humboldt County, California, the Blue Lake Rancheria Tribe (www.bluelakerancheria-nsn.gov) is a federally recognized sovereign nation organized under an IRA Constitution. Established in 1908 within the aboriginal boundaries of the Wiyot as a refuge for homeless Indians, in 1958 the Tribe was unlawfully terminated under P.L. 85-671. In 1983, as a result of Tillie Hardwick v. United States, the Tribe was federally reinstated. Today the Tribe operates over thirty government programs and an array of economic enterprises to provide social services and public safety resources for its members and local, regional, state, and federal stakeholders.

REC Solar

REC Solar is a nationwide leader providing complete commercial, public sector and utility-scale solar solutions. Incorporating experience from more than 580 successful solar installations over 20 years, REC Solar tailors financing and technology solutions to immediately deliver bottom line savings. REC Solar makes solar simple, working seamlessly with customer operations to deliver clean energy for decades. For more information, visit RECSolar.com or call 844-REC-SOLAR (844-732-7652).

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SACRAMENTO, Calif., April 27, 2017 /PRNewswire/ -- According to the California Solar Initiative (CSI), California leads the nation in solar projects with a reported 580,741 solar projects installed in the last 12 months. While a solar power investment aligns homeowners with the popular green energy movement, there are also solid financial reasons to invest in solar. Gilmore Heating, Air, Solar offers advice to Sacramento-area homeowners about why investing in solar energy is a good idea.

"Solar power is not a new initiative for California. We've been leading the U.S. in solar energy installations for the past decade," said Darrin Gilmore, general manager of Gilmore Heating, Air, Solar. "However, there have been a lot of changes in policies that have caused some Californians to pause their plans to go renewable for fear the incentives and savings have dried up. We know high utility bills are a concern for many Sacramento-area homeowners, so we want to get the facts out about the real benefits still available to them when investing in solar."

Gilmore Heating, Air, Solar offers advice to Sacramento-area homeowners about why investing in solar energy is a good idea
Gilmore Heating, Air, Solar offers advice to Sacramento-area homeowners about why investing in solar energy is a good idea

Here are five reasons why investing in solar is a good idea:

1. US government mandates solar initiativesCalifornia's solar initiatives are among the most aggressive in the country as a result of strong local government support. California's energy policy report – Renewable Portfolio Standard – requires 33 percent of California's electricity to come from renewable resources by 2020, and 50 percent by 2030. This is good news for homeowners who want to invest in a growing market like solar that has state-level backing and support.

2. Financial incentives reduce investment costs – The CSI was established in 2006 and provides $2 billion in incentives for solar installations in California, including homeowner rebates from 20 to 35 cents per AC watt. According to Go Solar California, the CSI program pays solar consumers an incentive based on system performance in either an upfront lump-sum payment based on expected performance, or a monthly payment based on actual performance over five years.

3. Financing options available through California partnerships – The HERO Program and the Ygrene Energy Fund provide financing options for California homeowners who want to invest in solar power and make energy efficiency improvements to their homes. Qualified contractors that install solar electricity systems would be able to offer advice about these financing options.

4. Save on your utility bill – Homeowners can cut their utility bills in two different ways: By using the electricity generated by solar panels, and also by selling the electricity they don't use to the local electricity provider for an energy credit. The energy credits can be used to pay for electricity not produced by the solar system.

5. Bank your excess electricity for a credit - California's net energy metering, or NEM, program offers California homeowners with solar systems the ability to bank excess electricity by transferring it into the local electrical grid in exchange for an energy credit. The rate is based on a 12-month average of the market rate for energy, and is about 3 to 4 cents per kWh. New solar customers are automatically enrolled in this program.

"The first step for homeowners wanting to lower their utility bills is a home energy audit," says Gilmore. "The qualified contractor can then make further recommendations for energy efficiency, help you get the most productive solar energy system for your home, and guide you through the application process for rebates and financing."

For residents in Sacramento, Placer, El Dorado and Amador Counties who are concerned about their high utility bills and want to explore a solar investment, contact the professionals at Gilmore Heating, Air, Solar at (800) 200-9696 or visit www.gilmoreair.com. Gilmore offers a Home Energy Audit to determine where you are losing energy in your home with solutions for every budget.

About Gilmore Heating, Air, Solar
Gilmore Heating, Air, Solar has been serving the Sacramento area since 1979, when John Gilmore took his years of experience in designing heating and air conditioning systems and opened his own company. It was, and continues to be, a family business. The business has grown to more than 90 employees, all dedicated to the "Get More with Gilmore" motto that promises outstanding customer service with a commitment to environmental protection and community service. To find out more, visit www.gilmoreair.com or call (800) 200-9696.

MEDIA CONTACT:
Heather Ripley
Ripley PR
865-977-1973
This email address is being protected from spambots. You need JavaScript enabled to view it.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/reduce-energy-bills-with-a-solar-investment-300428861.html

SOURCE Gilmore Heating, Air, Solar

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• Lindahl is Enel’s first project in North Dakota and will be able to generate approximately 625 GWh each year;
• Overall investment in the construction of the new facility amounted to over 220 million US dollars.

“The completion of Lindahl furthers our strong growth in the US,” said Rafael Gonzalez, Head of Enel Green Power North America. “We are proud to be a part of growing North Dakota’s energy economy and look forward to contributing our expertise and clean energy to the sustainable development of the local community.”

Lindahl has an installed capacity of 150 MW and can generate approximately 625 GWh annually, equivalent to the energy consumption needs of more than 50,000 U.S. households, while avoiding the emission of about 450,000 tonnes of CO2 each year.

The overall investment in the construction of Lindahl amounted to over 220 million US dollars. The wind farm is owned by EGPNA Renewable Energy Partners, LLC (“EGPNA REP”), an equally owned joint venture between EGPNA and GE unit GE Energy Financial Services. Lindahl sells its energy and related renewable credits under a bundled, long-term power purchase agreement with Basin Electric Power Cooperative.

Lindahl is the second EGPNA wind farm to begin operations this year, following the completion at the end of March of the 400 MW Cimarron Bend wind farm, which is the largest in Enel’s global wind portfolio.

EGPNA (enelgreenpower.com) is present in 23 US states and two Canadian provinces with more than 3.3 GW of managed capacity, spread across four different renewable energy technologies: wind, solar, geothermal and hydropower.

Read more: Enel Begins Operations of New 150 MW Wind Farm...

ROSEVILLE, CA--(Marketwired - April 27, 2017) - Sunworks, Inc. (NASDAQ: SUNW), a provider of solar power solutions announced today that it will report its first quarter 2017 financial results before the market opens on Thursday, May 11, 2017.

Management will host a conference call to discuss these results on Thursday, May 11, at 10:00 a.m. ET. To access the call, please dial (866) 682-6100 (toll free) or (862) 255-5401. The conference call will also be broadcast live over the Internet, which can be accessed via the Investor Relations section of Sunworks' web site at http://ir.sunworksusa.com. All participants should call or access the website approximately 5 minutes before the conference begins.

The webcast will be available for replay for at least 90 days. A telephonic replay of this conference call will also be available by dialing 877-481-4010 (toll free) or 1-919-882-2331 (International) using replay ID 10362 until 11:59 p.m. ET on May 25, 2017.

About Sunworks, Inc.
Founded in 1983, Sunworks, Inc. has emerged as a premier provider of solar power solutions for both consumers and businesses. We're committed to quality construction practices that always exceed industry standards and uphold our ideals of ethics and safety. Today, Sunworks continues to grow its presence, expanding nationally with regional and local offices. We strive to consistently deliver high quality, performance oriented solutions for the agriculture, commercial, federal, public works, residential, and utility industries. Our dedication to excellence is reflected in our 25-year warranty, a benchmark that we standby in order to support our customers above and beyond their expectations.

To learn more about Sunworks, visit our website at http://www.Sunworksusa.com.

Read more: Sunworks to Announce First Quarter 2017 Results...

BAODING, China, April 27, 2017 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, today announced that, following meetings on April 18, 2017, between its subsidiary, Baoding Tianwei Yingli New Energy Company Limited ("Tianwei Yingli"), and the holders of Tianwei Yingli's RMB1.4 billion of medium-term notes due on May 12, 2016 (the "2011 MTNs") and remaining portion (approximately RMB357 million in principal amount) of the RMB1.0 billion of medium-term notes due on October 13, 2015 (the "2010 MTNs"), Bank of Communications Co., Ltd. ("BoCom"), the lead underwriter of the 2010 MTNs and 2011 MTNs, has recently announced resolutions passed by holders of the MTNs after the meetings.

According to BoCom's announcement, resolutions passed by holders of the MTNs mainly include the following:

  • Tianwei Yingli should be asked to repay the principal and interest of the 2011 MTNs, the remaining principal of the 2010 MTNs and penalty for default payments under the 2011 MTNs and 2010 MTNs as soon as possible and within three months of the meetings;
  • Tianwei Yingli should be asked to formulate a repayment plan with quarterly repayment schedules and specific repayment measures for the 2011 MTNs and the remaining portion of the 2010 MTNs;
  • Tianwei Yingli should be asked to report relevant information to the holders of the MTNs on a periodical basis including information on the working progress and other relevant information of the committee formed by the financial creditors of Tianwei Yingli, including but not limited to work schedule of such financial creditors' committee, potential debt restructuring plan of Tianwei Yingli or Yingli Group or any debt-to-equity swap plan;
  • The holders of the 2010 MTNs and 2011 MTNs should have the rights to request attendance at meetings of the financial creditors' committee to keep abreast of relevant information and should have the rights to resort to all legal means (including lawsuit) to protect their rights.

At the meetings, the Company reported its recent operating conditions, the progress made with respect to the financial creditors' committee, information relating to potential introduction of strategic investors and liquidation of certain assets. As the Company is considering its options with respect to the debt repayment issues faced by the Company's principal subsidiaries, the Company expressed its request that holders of the MTNs should give the Company sufficient and reasonable amount of time to raise funds in order to repay the MTNs as soon as possible. The Company also informed the holders of the MTNs that, while it will formulate a repayment plan as soon as possible according to the progress of the potential debt restructuring, it may take certain amount of time. The Company will report the proposal made by the holders of the MTNs to the financial creditors' committee and will respect any agreement to be reached among holders of the MTNs, the financial creditors' committee and the lead underwriter of the MTNs with respect to the last resolution passed by holders of the MTNs described above. After BoCom's announcement, the Company has continued its negotiation with the holders of the remaining portion of 2010 MTNs and 2011 MTNs.

About Yingli Green Energy

Yingli Green Energy Holding Company Limited (NYSE: YGE), known as "Yingli Solar," is one of the world's leading solar panel manufacturers. Yingli Green Energy's manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and PV module assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 20 regional subsidiaries and branch offices and has distributed more than 17GW solar panels to customers worldwide. For more information, please visit www.yinglisolar.com and join the conversation on Facebook, Twitter and Weibo.

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of 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," "target" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

For further information, please contact:

Eric Pan
Investor Relations
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/yingli-green-energy-announces-progress-from-recent-meetings-with-holders-of-2011-mtns-and-2010-mtns-300447037.html

SOURCE Yingli Green Energy Holding Company Limited

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