New Technologies Projected to Make Renewable Energy Sources More Affordable

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NEW YORK, October 20, 2017 /PRNewswire/ --

According to a research by Bloomberg New Energy Finance (BNEF), significant advances continue to work their way through the Solar industry. An important technological development is expected to make renewable energy more affordable. BNEF pointed out the introduction of diamond wire saws to slice multicrystalline silicon ingots into wafers can reduce the amount of silicon required for each wafer by as much as 17%. Only 2% of multicrystalline wafer production used this method in 2016, and it is expected that by 2020, all production will be converted. Manufacturers will also continue to cut costs by reducing the amount of silver used in electrical components, and investing in fluidised bed reactors to produce silicon more cheaply. A research by Zion Market, the global Solar Panel Market accounted for USD 30.8 billion in 2016 and is expected to reach USD 57.3 billion by 2022, while growing at a CAGR of 10.9% between 2017 and 2022. Solar Integrated Roofing Corporation (OTC: SIRC), Canadian Solar Inc. (NASDAQ: CSIQ), Amtech Systems, Inc. (NASDAQ: ASYS), TerraForm Power Inc. (NASDAQ: TERP), Vivint Solar, Inc. (NYSE: VSLR)

A report by the Deloitte points out the importance of declining costs in the renewable energy sources. "Due to the declining costs of solar and wind technologies as well as the anticipation of a more carbon-constrained future, today the global growth of renewable energy is increasingly driven by voluntary procurement by utilities and corporations. We've seen an especially rapid decline in the global levelized cost of electricity (LCOE) of solar photovoltaic (PV) generation. These improving economics are empowering many customers to seek greater control over their energy choices, and a movement toward localized energy procurement seems to be underway," Deloitte reports.

Solar Integrated Roofing Corporation (OTC: SIRC) announced earlier this week that "they have entered into a national agreement with TPO, third-party-ownership and finance company, to enhance their financing options for their solar and roofing customers."

"Bottom line, we have basically eliminated any financial roadblocks for our customers to go solar. This agreement will make our expansion into new areas much easier and more streamlined," said CEO Dave Massey. "Under these types of arrangements, a resident or business hosts a renewable system that is owned by a separate investor."

The company is working with Sunrun and offering their financing to all of Solar Integrated's clients. The homeowner simply pays a low, locked-in rate for the power that's produced, typically saving 20% on their electric bill.

"This arrangement helps us expand our footprint," added Massey. "Electric utility companies have sent letters to consumers recently, warning of California-Mandated High Usage Charges going into effect next month. These surcharges can dramatically increase electric bills. Our range of financing and TPO options now makes it easy for our customers to decide to go solar, because in every case, they will be saving money from day one. It simply makes no sense to not go solar."

Canadian Solar Inc. (NASDAQ: CSIQ) 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. Recently, the company announced that a wholly owned subsidiary of the Company and a few subsidiaries of Menora Mivtachim Holdings Ltd., one of Israel's five largest insurance and finance groups, entered into a joint venture agreement with the aim to invest in the development, financing, construction and ownership of solar power projects in Israel. A total of US$60 million is expected to be raised from Menora Mivtachim and Canadian Solar, with each party contributing an equal investment amount. The joint venture will finance the solar projects awarded by Israeli Electricity Authority under the solar power tenders and other solar projects to be developed under the partnership.

Amtech Systems, Inc. (NASDAQ: ASYS) is a global supplier of advanced thermal processing equipment to the solar, semiconductor / electronics, and LED manufacturing markets. Amtech's equipment includes diffusion, ALD and PECVD systems and solder reflow systems. On April 25, 2017, the company announced its solar subsidiary, Tempress Systems, received a follow-on order for the second phase of a multi‑phase 1GW project, in addition to the order for the first phase announced in January 2017. This turnkey order for the second phase is similar in size and includes Tempress' high-throughput PECVD and diffusion platforms, which have been sold to other top tier customers in China, Malaysia, and Taiwan. The first and second phases of this China project are designed to manufacture high efficiency n-type bi-facial solar cells and modules at an attractive cost per watt.

TerraForm Power Inc. (NASDAQ: TERP) is an owner and operator of a best-in-class, 2,600+ MW renewable power portfolio including solar and wind assets primarily in the U.S. TerraForm Power is ideally positioned to capitalize on the growth in renewable power generation. TerraForm Power has considerable potential to grow both organically and through the acquisition of new facilities, including through its sponsor and majority shareholder Brookfield Asset Management. TerraForm Power focuses on acquiring, owning and operating solar and wind assets in North America (including Mexico) and Western Europe. Recently, the company announced the closing of its previously announced merger and sponsorship transaction. Brookfield Asset Management has assumed the role of TerraForm Power's sponsor and Brookfield, together with its institutional partners, is now TerraForm Power's controlling shareholder, holding 51% of its outstanding common shares.

Vivint Solar, Inc. (NYSE: VSLR) is a leading full-service residential solar provider in the United States. On September 27, 2017, the company announced its placement on the Solar Power World Top 500 Solar Contractors List for the fifth consecutive year. Coming off the biggest year ever for U.S. solar installations in our industry, Vivint Solar is pleased to be named one of the top solar contractors in the United States by Solar Power World magazine. Vivint Solar also ranked first on the list of residential solar contractors.

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Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For this release, FinancialBuzz.com has been compensated three thousand five hundred dollars for financial news dissemination and PR services by a non-affiliate third party for solar integrated roofing corporation. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com .

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NEW YORK, October 20, 2017 /PRNewswire/ --

According to a research by Bloomberg New Energy Finance (BNEF), significant advances continue to work their way through the Solar industry. An important technological development is expected to make renewable energy more affordable. BNEF pointed out the introduction of diamond wire saws to slice multicrystalline silicon ingots into wafers can reduce the amount of silicon required for each wafer by as much as 17%. Only 2% of multicrystalline wafer production used this method in 2016, and it is expected that by 2020, all production will be converted. Manufacturers will also continue to cut costs by reducing the amount of silver used in electrical components, and investing in fluidised bed reactors to produce silicon more cheaply. A research by Zion Market, the global Solar Panel Market accounted for USD 30.8 billion in 2016 and is expected to reach USD 57.3 billion by 2022, while growing at a CAGR of 10.9% between 2017 and 2022. Solar Integrated Roofing Corporation (OTC: SIRC), Canadian Solar Inc. (NASDAQ: CSIQ), Amtech Systems, Inc. (NASDAQ: ASYS), TerraForm Power Inc. (NASDAQ: TERP), Vivint Solar, Inc. (NYSE: VSLR)

A report by the Deloitte points out the importance of declining costs in the renewable energy sources. "Due to the declining costs of solar and wind technologies as well as the anticipation of a more carbon-constrained future, today the global growth of renewable energy is increasingly driven by voluntary procurement by utilities and corporations. We've seen an especially rapid decline in the global levelized cost of electricity (LCOE) of solar photovoltaic (PV) generation. These improving economics are empowering many customers to seek greater control over their energy choices, and a movement toward localized energy procurement seems to be underway," Deloitte reports.

Solar Integrated Roofing Corporation (OTC: SIRC) announced earlier this week that "they have entered into a national agreement with TPO, third-party-ownership and finance company, to enhance their financing options for their solar and roofing customers."

"Bottom line, we have basically eliminated any financial roadblocks for our customers to go solar. This agreement will make our expansion into new areas much easier and more streamlined," said CEO Dave Massey. "Under these types of arrangements, a resident or business hosts a renewable system that is owned by a separate investor."

The company is working with Sunrun and offering their financing to all of Solar Integrated's clients. The homeowner simply pays a low, locked-in rate for the power that's produced, typically saving 20% on their electric bill.

"This arrangement helps us expand our footprint," added Massey. "Electric utility companies have sent letters to consumers recently, warning of California-Mandated High Usage Charges going into effect next month. These surcharges can dramatically increase electric bills. Our range of financing and TPO options now makes it easy for our customers to decide to go solar, because in every case, they will be saving money from day one. It simply makes no sense to not go solar."

Canadian Solar Inc. (NASDAQ: CSIQ) 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. Recently, the company announced that a wholly owned subsidiary of the Company and a few subsidiaries of Menora Mivtachim Holdings Ltd., one of Israel's five largest insurance and finance groups, entered into a joint venture agreement with the aim to invest in the development, financing, construction and ownership of solar power projects in Israel. A total of US$60 million is expected to be raised from Menora Mivtachim and Canadian Solar, with each party contributing an equal investment amount. The joint venture will finance the solar projects awarded by Israeli Electricity Authority under the solar power tenders and other solar projects to be developed under the partnership.

Amtech Systems, Inc. (NASDAQ: ASYS) is a global supplier of advanced thermal processing equipment to the solar, semiconductor / electronics, and LED manufacturing markets. Amtech's equipment includes diffusion, ALD and PECVD systems and solder reflow systems. On April 25, 2017, the company announced its solar subsidiary, Tempress Systems, received a follow-on order for the second phase of a multi‑phase 1GW project, in addition to the order for the first phase announced in January 2017. This turnkey order for the second phase is similar in size and includes Tempress' high-throughput PECVD and diffusion platforms, which have been sold to other top tier customers in China, Malaysia, and Taiwan. The first and second phases of this China project are designed to manufacture high efficiency n-type bi-facial solar cells and modules at an attractive cost per watt.

TerraForm Power Inc. (NASDAQ: TERP) is an owner and operator of a best-in-class, 2,600+ MW renewable power portfolio including solar and wind assets primarily in the U.S. TerraForm Power is ideally positioned to capitalize on the growth in renewable power generation. TerraForm Power has considerable potential to grow both organically and through the acquisition of new facilities, including through its sponsor and majority shareholder Brookfield Asset Management. TerraForm Power focuses on acquiring, owning and operating solar and wind assets in North America (including Mexico) and Western Europe. Recently, the company announced the closing of its previously announced merger and sponsorship transaction. Brookfield Asset Management has assumed the role of TerraForm Power's sponsor and Brookfield, together with its institutional partners, is now TerraForm Power's controlling shareholder, holding 51% of its outstanding common shares.

Vivint Solar, Inc. (NYSE: VSLR) is a leading full-service residential solar provider in the United States. On September 27, 2017, the company announced its placement on the Solar Power World Top 500 Solar Contractors List for the fifth consecutive year. Coming off the biggest year ever for U.S. solar installations in our industry, Vivint Solar is pleased to be named one of the top solar contractors in the United States by Solar Power World magazine. Vivint Solar also ranked first on the list of residential solar contractors.

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About FinancialBuzz.com

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For this release, FinancialBuzz.com has been compensated three thousand five hundred dollars for financial news dissemination and PR services by a non-affiliate third party for solar integrated roofing corporation. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com .

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