WALPOLE, Mass., Sept. 19, 2017 /PRNewswire/ -- Soltage LLC, a leading national renewable energy company, has completed the 4.75-megawatt (MW) Bird Machine Solar Farm on a brownfield in Walpole, Massachusetts. The new solar farm, built on the former Bird Machine industrial site, utilizes 14,600 panels to produce nearly 6 million kilowatt-hours of energy per year – enough to power roughly 623 homes per year and offset almost 9.3 million pounds of carbon dioxide. The town of Walpole will purchase the power from the new solar farm at a fixed-price below utility energy costs. 

"Turning brownfields into brightfields is an ideal solution for municipalities like Walpole across Massachusetts and across the country," said Jesse Grossman, CEO of Soltage. "Walpole has shown real environmental and economic leadership by enabling this project which will help spur local economic development and create strong environmental benefits. By installing solar on brownfields, we're lowering power costs for local communities, creating jobs, and contributing to local economy."

"Solar is an excellent solution for brownfields. I am pleased to see that the former manufacturing area is now being put to good use producing clean, affordable solar energy. This is a win-win for Walpole," said Jim Johnson, Walpole Township Administrator. "Soltage has been a great partner on this project throughout."

Tenaska, one of America's leading independent energy companies, is acting as the primary investor and will co-own the project as part of a portfolio investment it made with Soltage for new asset construction in late 2015.

"We are pleased to be part of a successful project like this, turning brownfield sites into solar fields that generate renewable energy at a competitive price," said Tim Hemig, Tenaska Senior Vice President. "With Bird Machine, Soltage continues to demonstrate its leadership in forward-thinking distributed solar generation."

The Bird Machine Solar Farm is located at the former Bird Machine Company site comprising about 25 of the 134 acres owned by Baker Hughes, a GE company (BHGE). BHGE has been partnering with Soltage over the last several years to develop this solar farm as part of its commitment to sustainable energy development and its goal of reducing greenhouse gases. The company is preserving the remaining 100+ acres of valuable natural habitat, including about 60 acres of wetlands.

Brownfields — former commercial or industrial sites that may be impaired from previous operations — provide an ideal location for solar installations. Most have minimal shade, are already pre-cleared of debris, and sit in industrial zones near interconnection points and customer demand. By putting underutilized brownfields to productive use, municipalities lock in low power costs and generate long term tax revenue streams.

Soltage is a full-service renewable energy company developing, financing, installing, owning and operating solar power generating stations, providing electricity to commercial, industrial, educational, utility, and municipal customers. The company has more than 50 solar projects and more than 150 MW of generation capacity under management across eight states and has deployed more than $350 million into solar generation projects since 2006.

About Soltage
Soltage is a leader in the development, financing, and operation of utility-scale solar power systems for commercial, industrial and municipal customers across the United States. Soltage has developed more than 50 solar energy projects with more than 150 MW total distributed generating capacity under management. Soltage is backed by a group of investors including Tenaska and is headquartered in Jersey City, New Jersey. For more information, visit www.soltage.com

View original content:http://www.prnewswire.com/news-releases/soltage-completes-475-mw-solar-farm-on-brownfield-in-massachusetts-300521511.html

SOURCE Soltage LLC

Related Links

http://www.soltage.com/

Read more: Soltage Completes 4.75-MW Solar Farm on...

DALLAS and YVERDON LES BAINS, Switzerland, Sept. 19, 2017 /PRNewswire/ -- Leclanché SA (SIX: LECN), one of the world's leading energy storage solution companies, announced today a partnership with Fastned, the Dutch company pioneering the roll-out of fast charging stations for electric vehicles (EVs) in Europe. Leclanché will develop a battery storage solution for Fastned's fast charging electric vehicle stations, starting with a pilot at two locations.

Fastned has built and is operating 63 fast charging EV stations in the Netherlands.  The company's strategy is to use its Dutch network as a blueprint to roll-out fast charging stations across Europe and it is expanding quickly: in April, Fastned signed an agreement with Transport for London to become a partner for the development of the city's 300 fast charging points by 2020, and in September the company was awarded a subsidy of €4.1 million by the German government to build 25 fast charging stations.

Anil Srivastava, CEO of Leclanché, said: "Fastned is one of the most advanced fast charging organizations in the world and we are delighted to become the company's energy storage partner. Our flexible and scalable battery solutions enable us to support businesses in a wide range of situations, from our work with Fastned to vast grid-scale projects such as in Canada, where we are building North America's largest fast charging network, to electric buses and ferries, through to creating battery swap solutions for small vehicles in countries where grids may be less reliable."

Michiel Langezaal, founder and CEO, Fastned, said: "Leclanché has been leading innovation in energy storage for many years and is the ideal partner for us to develop a battery storage service for our rapidly growing network in Europe. The pilot project will showcase the technology and provide the data to support financing the roll out of Leclanché's batteries throughout our network."

Leclanché will provide scalable battery energy storage systems (BESS) for Fastned, using large-format lithium-ion batteries. This storage system will allow Fastned to deploy multiple high-powered chargers per site while reducing the strain on the grid. The battery acts as a buffer between the electricity grid and the vehicles charging. It will also allow Fastned to store the solar energy from its solar roofs on-site. Leclanché's system will recharge the battery storage units during off-peak times at considerable cost-savings and reduction in stress to the grid. Leclanche and Fastned will make fast charging smart while improving the customer experience.

Fastned's highway charging stations have up to eight fast chargers, delivering a full charge within 20 minutes. Its city stations have up to four fast chargers. Payment is via an app.

In July, Leclanché announced its partnership with eCAMION and SGEM to build and operate a network of 34 fast charging EV stations along the Trans-Canada Highway, with installation of the stations from the second quarter of 2018, after trials.

This followed the company's June announcement of a worldwide deal with Skoda Electric in which Leclanché will provide Skoda Electric with batteries for its electric bus expansion strategy. Leclanché is also in advanced negotiations with an automotive systems integrator for a large volume battery solutions contract in India for which test units are being shipped shortly.

The EV industry is on the cusp of transformational growth as the power supply to vehicles switches from fossil fuels to environmentally friendly electricity; this shift is driving the long-term requirement for fast charging battery storage solutions. 

According to the International Energy Agency, the number of electric vehicles grew by 60 percent to 2,000,000 in 2016.  While this only represents 0.2 percent of cars and other light vehicles, governments are playing a major role in growing the market: in June, the 10 government group Electric Vehicle Initiative, including the USA, China, Japan, UK, Germany and France, set the target of having 30 percent of vehicles battery powered by 2013. This equates to over 200 million cars. In addition, the UK and France have banned diesel and petrol cars by 2040. China is also considering a ban; and in India, the power regulator has recently announced a policy encouraging vehicle battery swapping models, which would enable EVs to exchange their nearly discharged battery for a full charged one.

About Fastned
Fastned is building a European network of fast-charging stations where all electric cars can charge within 20 minutes. The stations are located at high traffic locations along highways and in cities. Fastned has 63 stations operational in The Netherlands and is working on expanding its fast charging network to the rest of Europe. Already, the company has construction plans for charging stations in Germany, the United Kingdom and Belgium.

The number of EVs in Europe is increasing rapidly as car manufacturers invest billions of Euros in new models.

Fastned is listed on the Nxchange stock exchange.

About Leclanché
Leclanché is one of the world's leading fully vertically integrated energy storage solution providers. It delivers a wide range of energy storage solutions for homes, small offices, large industries, electricity grids, as well as hybridization for mass transport systems such as bus fleets and ferries. Established in 1909, Leclanché has been a trusted provider of battery energy storage solutions for over 100 years. Founded in the tradition of Georges Leclanché, the inventor of the dry cell battery, Leclanché today has a rich portfolio of Battery Energy Storage Systems (BESS) that include bespoke battery systems from industry leading lithium-ion solutions.

Leclanché is listed on the Swiss stock exchange, and is the only listed pure-play energy storage company in the world.

SIX Swiss Exchange: ticker symbol LECN | ISIN CH 011 030 311 9

Disclaimer
This press release contains certain forward-looking statements relating to Leclanché's business, which can be identified by terminology such as "strategic", "proposes", "to introduce", "will", "planned", "expected", "commitment", "expects", "set", "preparing", "plans", "estimates", "aims", "would", "potential", "awaiting", "estimated", "proposal", or similar expressions, or by expressed or implied discussions regarding the ramp up of Leclanché's production capacity, potential applications for existing products, or regarding potential future revenues from any such products, or potential future sales or earnings of Leclanché or any of its business units. You should not place undue reliance on these statements. Such forward-looking statements reflect the current views of Leclanché regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. There can be no guarantee that Leclanché's products will achieve any particular revenue levels. Nor can there be any guarantee that Leclanché, or any of the business units, will achieve any particular financial results.

Europe/global:
Desirée Maghoo
T: +44 (0) 7775522740
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Simon Barker
T:+44 (0)7866 314331
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

US and Canada:
Rick Anderson
T: +1 (718) 986-1596

Henry Feintuch
T: +1 (212) 808-4901
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Shareholder, Analyst and Investor contacts:
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Investor Contacts
Anil Srivastava / Hubert Angleys
Tel.: +41 (0) 24 424 65 00
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

View original content:http://www.prnewswire.com/news-releases/leclanche-to-develop-battery-storage-solution-for-fastneds-network-of-fast-charging-stations-300521851.html

SOURCE Leclanche

Read more: Leclanché to Develop Battery Storage Solution...

JUNO BEACH, Fla., Sept. 19, 2017 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced the pricing of $550 million of 4.25 percent senior unsecured notes due 2024 and $550 million of 4.50 percent senior unsecured notes due 2027 (the "notes") to be issued by its direct subsidiary, NextEra Energy Operating Partners, LP (NEP OpCo), in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons under Regulation S under the Securities Act, subject to market and other conditions. The previously announced offering is expected to close on Sept. 25, 2017, subject to customary closing conditions.

The notes will pay interest semi-annually at annual rates of 4.25 percent and 4.50 percent, respectively, and will mature on Sept. 15, 2024, and on Sept. 15, 2027, respectively. The notes will be fully and unconditionally guaranteed on a senior basis by NextEra Energy Partners and NextEra Energy US Partners Holdings, LLC, a direct subsidiary of NEP OpCo ("NEP US Holdings").

NEP OpCo estimates the net proceeds from the notes offering prior to offering expenses are approximately $1,089 million. NEP OpCo intends to use a portion of the net proceeds from this offering to pay off the outstanding balance of $130 million under its revolving credit facility, repay the full $950 million outstanding existing indebtedness under NEP US Holdings' variable rate senior secured term loan agreements that largely mature in 2018 and pay related fees, expenses and other costs. Any remaining proceeds are expected to be used for general partnership purposes.

The offer and sale of notes and the guarantees have not been registered under the Securities Act or the securities laws of any other jurisdiction. Accordingly, the notes are being offered and sold only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and to certain non-U.S. persons under Regulation S under the Securities Act. The notes and the guarantees are not transferable absent registration or an applicable exemption from the registration requirements of the Securities Act. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such jurisdiction.

NextEra Energy Partners, LP
NextEra Energy Partners, LP (NYSE: NEP) is a growth-oriented limited partnership formed by NextEra Energy, Inc. (NYSE: NEE) to acquire, manage and own contracted clean energy projects with stable, long-term cash flows. Headquartered in Juno Beach, Florida, NextEra Energy Partners owns interests in wind and solar projects in North America, as well as natural gas infrastructure assets in Texas. The renewable energy projects are fully contracted, use industry-leading technology and are located in regions that are favorable for generating energy from the wind and sun. The seven natural gas pipelines in the portfolio are all strategically located, serving power producers and municipalities in South Texas, processing plants and producers in the Eagle Ford Shale, and commercial and industrial customers in the Houston area. The NET Mexico Pipeline, the largest pipeline in the portfolio, provides a critical source of natural gas transportation for low-cost, U.S.-sourced shale gas to Mexico.

Cautionary Statements and Risk Factors That May Affect Future Results

This news release contains "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are not statements of historical facts, but instead represent the current expectations of NextEra Energy Partners, LP (together with its subsidiaries, NEP) regarding future operating results and other future events, many of which, by their nature, are inherently uncertain and outside of NEP's control. Forward-looking statements in this news release include, among others, statements concerning cash available for distributions expectations and future operating performance. In some cases, you can identify the forward-looking statements by words or phrases such as "will," "may result," "expect," "anticipate," "believe," "intend," "plan," "seek," "aim," "potential," "projection," "forecast," "predict," "goals," "target," "outlook," "should," "would" or similar words or expressions. You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance. The future results of NEP and its business and financial condition are subject to risks and uncertainties that could cause NEP's actual results to differ materially from those expressed or implied in the forward-looking statements, or may require it to limit or eliminate certain operations. These risks and uncertainties include, but are not limited to, the following: NEP has a limited operating history and its projects include renewable energy projects that have a limited operating history. Such projects may not perform as expected; NEP's ability to make cash distributions to its unitholders is affected by wind and solar conditions at its renewable energy projects; NEP's business, financial condition, results of operations and prospects can be materially adversely affected by weather conditions, including, but not limited to, the impact of severe weather; Operation and maintenance of renewable energy projects involve significant risks that could result in unplanned power outages, reduced output, personal injury or loss of life; Natural gas gathering and transmission activities involve numerous risks that may result in accidents or otherwise affect the Texas pipelines' operations; NEP depends on the Texas pipelines and certain of the renewable energy projects in its portfolio for a substantial portion of its anticipated cash flows; NEP is pursuing the expansion of natural gas pipelines in its portfolio that will require up-front capital expenditures and expose NEP to project development risks; NEP's ability to maximize the productivity of the Texas pipeline business and to complete potential pipeline expansion projects is dependent on the continued availability of natural gas production in the Texas pipelines' areas of operation; Terrorist or similar attacks could impact NEP's projects, pipelines or surrounding areas and adversely affect its business; The ability of NEP to obtain insurance and the terms of any available insurance coverage could be materially adversely affected by international, national, state or local events and company-specific events, as well as the financial condition of insurers. NEP's insurance coverage does not insure against all potential risks and it may become subject to higher insurance premiums; Warranties provided by the suppliers of equipment for NEP's projects may be limited by the ability of a supplier to satisfy its warranty obligations, or by the terms of the warranty, so the warranties may be insufficient to compensate NEP for its losses; Supplier concentration at certain of NEP's projects may expose it to significant credit or performance risks; NEP relies on interconnection and transmission facilities of third parties to deliver energy from its renewable energy projects and, if these facilities become unavailable, NEP's wind and solar projects may not be able to operate or deliver energy; If third-party pipelines and other facilities interconnected to the Texas pipelines become partially or fully unavailable to transport natural gas, NEP's revenues and cash available for distribution to unitholders could be adversely affected; NEP's business is subject to liabilities and operating restrictions arising from environmental, health and safety laws and regulations, compliance with which may require significant capital expenditures, increase NEP's cost of operations and affect or limit its business plans; NEP's renewable energy projects may be adversely affected by legislative changes or a failure to comply with applicable energy regulations; A change in the jurisdictional characterization of some of the Texas pipeline entities' assets, or a change in law or regulatory policy, could result in increased regulation of these assets, which could have a material adverse effect on NEP's business, financial condition, results of operations and ability to make cash distributions to its unitholders; NEP may incur significant costs and liabilities as a result of pipeline integrity management program testing and any necessary pipeline repair or preventative or remedial measures; The Texas pipelines' operations could incur significant costs if the Pipeline and Hazardous Materials Safety Administration or the Railroad Commission of Texas adopts more stringent regulations; Petroleos Mexicanos (Pemex) may claim certain immunities under the Foreign Sovereign Immunities Act and Mexican law, and the Texas pipeline entities' ability to sue or recover from Pemex for breach of contract may be limited and may be exacerbated if there is a deterioration in the economic relationship between the U.S. and Mexico; NEP does not own all of the land on which the projects in its portfolio are located and its use and enjoyment of the property may be adversely affected to the extent that there are any lienholders or leaseholders that have rights that are superior to NEP's rights or the U.S. Bureau of Land Management suspends its federal rights-of-way grants; NEP is subject to risks associated with litigation or administrative proceedings that could materially impact its operations, including, but not limited to, proceedings related to projects it acquires in the future; NEP's wind projects located in Canada are subject to Canadian domestic content requirements under their Feed-in-Tariff contracts; NEP's cross-border operations require NEP to comply with anti-corruption laws and regulations of the U.S. government and non-U.S. jurisdictions; NEP is subject to risks associated with its ownership or acquisition of projects or pipelines that remain under construction, which could result in its inability to complete construction projects on time or at all, and make projects too expensive to complete or cause the return on an investment to be less than expected; NEP relies on a limited number of customers and is exposed to the risk that they are unwilling or unable to fulfill their contractual obligations to NEP or that they otherwise terminate their agreements with NEP; NEP may not be able to extend, renew or replace expiring or terminated power purchase agreements (PPA) at favorable rates or on a long-term basis; NEP may be unable to secure renewals of long-term natural gas transportation agreements, which could expose its revenues to increased volatility; If the energy production by or availability of NEP's U.S. renewable energy projects is less than expected, they may not be able to satisfy minimum production or availability obligations under the U.S. Project Entities' PPAs; NEP's growth strategy depends on locating and acquiring interests in additional projects consistent with its business strategy at favorable prices; NextEra Energy Operating Partners' (NEP OpCo) partnership agreement requires that it distribute its available cash, which could limit NEP's ability to grow and make acquisitions; Lower prices for other fuel sources may reduce the demand for wind and solar energy; Reductions in demand for natural gas in the United States or Mexico and low market prices of natural gas could materially adversely affect the Texas pipelines' operations and cash flows; Government laws, regulations and policies providing incentives and subsidies for clean energy could be changed, reduced or eliminated at any time and such changes may negatively impact NEP's growth strategy; NEP's growth strategy depends on the acquisition of projects developed by NextEra Energy, Inc. (NEE) and third parties, which face risks related to project siting, financing, construction, permitting, the environment, governmental approvals and the negotiation of project development agreements; Acquisitions of existing clean energy projects involve numerous risks; Renewable energy procurement is subject to U.S. state and Canadian provincial regulations, with relatively irregular, infrequent and often competitive procurement windows; NEP may continue to acquire other sources of clean energy and may expand to include other types of assets. Any further acquisition of non-renewable energy projects may present unforeseen challenges and result in a competitive disadvantage relative to NEP's more-established competitors; NEP faces substantial competition primarily from regulated utilities, developers, independent power producers, pension funds and private equity funds for opportunities in North America; The natural gas pipeline industry is highly competitive, and increased competitive pressure could adversely affect NEP's business; NEP may not be able to access sources of capital on commercially reasonable terms, which would have a material adverse effect on its ability to consummate future acquisitions; Restrictions in NEP OpCo's subsidiaries' revolving credit facility and term loan agreements could adversely affect NEP's business, financial condition, results of operations and ability to make cash distributions to its unitholders; NEP's cash distributions to its unitholders may be reduced as a result of restrictions on NEP's subsidiaries' cash distributions to NEP under the terms of their indebtedness; NEP's subsidiaries' substantial amount of indebtedness may adversely affect NEP's ability to operate its business, and its failure to comply with the terms of its subsidiaries' indebtedness could have a material adverse effect on NEP's financial condition; Currency exchange rate fluctuations may affect NEP's operations; NEP is exposed to risks inherent in its use of interest rate swaps; NEE exercises significant influence over NEP; NEP receives credit support from NEE and its affiliates. NEP's subsidiaries may default under contracts or become subject to cash sweeps if credit support is terminated, if NEE or its affiliates fail to honor their obligations under credit support arrangements, or if NEE or another credit support provider ceases to satisfy creditworthiness requirements, and NEP will be required in certain circumstances to reimburse NEE for draws that are made on credit support; NextEra Energy Resources, LLC (NEER) or one of its affiliates is permitted to borrow funds received by NEP's subsidiaries and is obligated to return these funds only as needed to cover project costs and distributions or as demanded by NEP OpCo. NEP's financial condition and ability to make distributions to its unitholders, as well as its ability to grow distributions in the future, is highly dependent on NEER's performance of its obligations to return all or a portion of these funds; NEP may not be able to consummate future acquisitions; NEER's right of first refusal may adversely affect NEP's ability to consummate future sales or to obtain favorable sale terms; NextEra Energy Partners GP, Inc. (NEP GP) and its affiliates may have conflicts of interest with NEP and have limited duties to NEP and its unitholders; NEP GP and its affiliates and the directors and officers of NEP are not restricted in their ability to compete with NEP, whose business is subject to certain restrictions; NEP may only terminate the Management Services Agreement among, NEP, NextEra Energy Management Partners, LP (NEE Management), NEP OpCo and NextEra Energy Operating Partners GP, LLC (NEP OpCo GP) under certain specified conditions; If the agreements with NEE Management or NEER are terminated, NEP may be unable to contract with a substitute service provider on similar terms; NEP's arrangements with NEE limit NEE's potential liability, and NEP has agreed to indemnify NEE against claims that it may face in connection with such arrangements, which may lead NEE to assume greater risks when making decisions relating to NEP than it otherwise would if acting solely for its own account; NEP's ability to make distributions to its unitholders depends on the ability of NEP OpCo to make cash distributions to its limited partners; If NEP incurs material tax liabilities, NEP's distributions to its unitholders may be reduced, without any corresponding reduction in the amount of the IDR fee; Holders of NEP's common units may be subject to voting restrictions; NEP's partnership agreement replaces the fiduciary duties that NEP GP and NEP's directors and officers might have to holders of its common units with contractual standards governing their duties; NEP's partnership agreement restricts the remedies available to holders of NEP's common units for actions taken by NEP's directors or NEP GP that might otherwise constitute breaches of fiduciary duties; Certain of NEP's actions require the consent of NEP GP; Holders of NEP's common units currently cannot remove NEP GP without NEE's consent; NEE's interest in NEP GP and the control of NEP GP may be transferred to a third party without unitholder consent; The IDR fee may be assigned to a third party without unitholder consent; NEP may issue additional units without unitholder approval, which would dilute unitholder interests; Reimbursements and fees owed to NEP GP and its affiliates for services provided to NEP or on NEP's behalf will reduce cash distributions to or from NEP OpCo and from NEP to NEP's unitholders, and the amount and timing of such reimbursements and fees will be determined by NEP GP and there are no limits on the amount that NEP OpCo may be required to pay; Discretion in establishing cash reserves by NEP OpCo GP may reduce the amount of cash distributions to unitholders; NEP OpCo can borrow money to pay distributions, which would reduce the amount of credit available to operate NEP's business; Increases in interest rates could adversely impact the price of NEP's common units, NEP's ability to issue equity or incur debt for acquisitions or other purposes and NEP's ability to make cash distributions to its unitholders; The price of NEP's common units may fluctuate significantly and unitholders could lose all or part of their investment; The liability of holders of NEP's common units, which represent limited partnership interests in NEP, may not be limited if a court finds that unitholder action constitutes control of NEP's business; Unitholders may have liability to repay distributions that were wrongfully distributed to them; Provisions in NEP's partnership agreement may discourage or delay an acquisition of NEP that NEP unitholders may consider favorable, which could decrease the value of NEP's common units, and could make it more difficult for NEP unitholders to change NEP's board of directors; NEP's board of directors, a majority of which may be affiliated with NEE, decides whether to retain separate counsel, accountants or others to perform services for NEP; The New York Stock Exchange does not require a publicly traded limited partnership like NEP to comply with certain of its corporate governance requirements; Issuance of the Series A convertible preferred units will dilute common unitholders' ownership in NEP and may decrease the amount of cash available for distribution for each common unit; The Series A convertible preferred units will have rights, preferences and privileges that are not held by, and will be preferential to the rights of, holders of the common units; NEP's future tax liability may be greater than expected if NEP does not generate net operating losses (NOLs) sufficient to offset taxable income or if tax authorities challenge certain of NEP's tax positions; NEP's ability to use NOLs to offset future income may be limited; NEP will not have complete control over NEP's tax decisions; A valuation allowance may be required for NEP's deferred tax assets; Distributions to unitholders may be taxable as dividends; Unitholders who are not resident in Canada may be subject to Canadian tax on gains from the sale of common units if NEP's common units derive more than 50% of their value from Canadian real property at any time. NEP discusses these and other risks and uncertainties in its current report on Form 8-K filed on August 7, 2017 and other SEC filings, and this news release should be read in conjunction with such SEC filings made through the date of this news release. The forward-looking statements made in this news release are made only as of the date of this news release and NEP undertakes no obligation to update any forward-looking statements.

View original content with multimedia:http://www.prnewswire.com/news-releases/nextera-energy-partners-lp-announces-the-pricing-of-550-million-of-425-percent-senior-notes-due-2024-and-550-million-of-450-percent-senior-unsecured-notes-due-2027-300521879.html

SOURCE NextEra Energy Partners, LP

Related Links

http://www.nexteraenergypartners.com

Read more: NextEra Energy Partners, LP announces the...

- Le projet conjoint promeut la coopération sino-cubaine dans le secteur des énergies renouvelables

NINGBO, Chine, 19 septembre 2017 /PRNewswire/ -- Risen Energy a annoncé récemment avoir remporté l'appel d'offres visant à aider Cuba à construire une centrale solaire photovoltaïque de 3,9 MW.

L'entreprise fournira un ensemble d'articles de haute qualité, parmi lesquels figurent des modules polycristallins de 260 W à haut rendement, des cadres en alliage d'aluminium, des boîtiers de raccordement assortis, des produits d'étanchéité pour panneaux solaires et d'autres produits nécessaires pour la centrale solaire photovoltaïque.

C'est la première fois que Riven Energy fournit des produits sur le marché cubain du photovoltaïque solaire. Cette étape aura néanmoins un effet positif sur la coopération entre la Chine et Cuba dans le secteur des énergies renouvelables et contribuera au renforcement des relations entre les deux pays.

Le président de Risen Energy, M. Wang Hong a déclaré lors d'une allocution : « Ces dernières années, notre entreprise a appliqué le principe fondamental suivant : "Chaque fois que vous choisissez Risen Energy, nous augmentons votre capacité électrique et votre valeur augmente." En effet, notre équipe de recherche et développement a redoublé d'efforts pour créer une technologie d'avant-garde aux multiples facettes qui a permis à notre entreprise d'occuper une place prépondérante dans le secteur de l'énergie solaire sur la scène internationale. Le laboratoire étatique situé dans nos locaux réalise en outre des tests précis sur chacun des matériaux que nous espérons intégrer à notre production. Risen n'utilisera pas ces matériaux tant que son laboratoire ne les aura pas testés à de multiples reprises et approuvés. C'est grâce à cette politique que nous avons acquis la confiance et l'approbation de nos clients, aussi bien que le marché intérieur qu'à l'international. Notre entreprise a ainsi pu ériger des bases solides qui lui ont permis d'explorer de nouveaux marchés comme celui de Cuba. »

Conformément à l'entente signée, Risen Energy fournira des modules photovoltaïques solaires et des matériaux connexes à son partenaire cubain. Pour permettre l'installation en toute sécurité des modules et s'assurer qu'ils fonctionnent correctement, Risen Energy s'est conformé, comme toujours, à des normes de qualité strictes et a fourni des produits en garantissant une qualité élevée, aussi bien en ce qui a trait à la création de ce projet qu'aux retombées financières pour la population locale.

« Le potentiel du marché des énergies renouvelables nous montre que celles-ci, et plus particulièrement l'industrie solaire, sont devenues la priorité absolue des politiques du gouvernement cubain en matière d'optimisation de la consommation d'énergie et de promotion des énergies renouvelables. » Le président Wang Hong a par ailleurs souligné : « Notre entreprise a l'occasion de promouvoir le renforcement des relations entre la Chine et Cuba. Pour cette raison, je suis persuadé que, dans le cadre de ce projet commun, la grande expérience de Risen Energy dans le secteur des modules photovoltaïques solaires à haut rendement aidera Cuba à développer son infrastructure en matière d'énergies renouvelables et à ajouter de plus en plus les énergies renouvelables à son bouquet énergétique. Nous allons contribuer à la modernisation du système énergétique local cubain en tirant parti de la puissance technologique de l'industrie chinoise. »

Risen Energy Co., Ltd,
This email address is being protected from spambots. You need JavaScript enabled to view it.

SOURCE Risen Energy Co., Ltd

Read more: Risen Energy a remporté l'appel d'offres visant...

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.

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 the analysts, 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?

The analyst's 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?

Key Topics Covered:

1. EXECUTIVE SUMMARY AND CONCLUSIONS
1.1. Purpose of this report
1.2. Overall conclusion
1.3. Background
1.4. Diesel killer or wind turbine killer?
1.5. Energy Independent shipping
1.6. Potential for multi-mode
1.7. Choice of altitude
1.8. Capacity factor
1.9. On-grid vs off-grid, optimal power
1.10. Investment by technology: wrong focus
1.11. Technology choice
1.12. The lightning flash dilemma
1.13. The illumination at night dilemma
1.14. Killing birds and bats
1.15. Derisked technology
1.16. Autonomy
1.17. Developers
1.18. Investment timeline
1.19. Technology roadmap 1900-2037
1.20. Commercialisation roadmap 2017-2025
1.21. Market forecast 2017-2037
1.22. Sophisticated technology, often primitive marketing
1.23. Example of opportunity: Ukraine

2. INTRODUCTION
2.1. Definition of energy harvesting
2.2. Need for high power harvesting
2.3. Characteristics of energy harvesting
2.4. Two very different AWE markets
2.5. Marine: a later option
2.6. HPEH technologies including AWE
2.7. EH systems
2.8. Multiple energy harvesting
2.9. AWE in the big picture
2.10. HPEH in context: IRENA Roadmap to 27% Renewable
2.11. Electric vehicle end game: free non-stop travel
2.12. Simpler, more viable off-grid power
2.13. Microgrids attract
2.14. Capacity factors, utilisation factors and load factors
2.15. Offshore energy innovation could leverage AWES
2.16. World's biggest wind turbines go online near Liverpool UK

3. ELECTRODYNAMIC AND PHOTOVOLTAIC HARVESTING
3.1. Definition and scope
3.2. Many modes and applications compared

4. AIRBORNE WIND ENERGY AWE PRINCIPLES
4.1. Introduction
4.2. The jargon
4.3. Favoured technologies
4.4. ABB assessment
4.5. Rotating dual kites the ultimate?
4.6. Main options still taken seriously

5. SOME ACTIVE DEVELOPER/ SUPPORTER PROFILES, INTERVIEWS AND PLANS
5.1. Altaeros Energies USA
5.2. Ampyx Power Netherlands
5.3. The technology of airborne wind energy
5.4. Artemis Intelligent Power
5.5. AWESCO European Union
5.6. Bruce Banks Sails
5.7. BVG Associates
5.8. Delft University of Technology Netherlands/ Karlsruhe University of Applied Sciences Germany
5.9. e-Kite Netherlands
5.10. EnerKite Germany
5.11. Enevate BV Netherlands
5.12. e-Wind USA
5.13. Imperial College and National Wind Tunnel Facility (NWTF)
5.14. Innovate UK
5.15. Keynvor Morlift Ltd
5.16. Kite Power Solutions UK
5.17. KiteGen Italy
5.18. Kitemill Norway
5.19. Kitenergy Italy
5.20. Kitepower Netherlands
5.21. KiteX Denmark
5.22. kPower USA
5.23. Makani (Google-x)
5.24. National Composites Centre)
5.25. Open Source AWE
5.26. Pierre Benhaem, Conception, Troyes Area, France
5.27. Rotokite Italy
5.28. SkySails Power Germany
5.29. Superturbine USA, France
5.30. TwingTec Switzerland
5.31. University of Limerick
5.32. Windlift USA
5.33. Windswept and Interesting UK
5.34. Xsens Netherlands

6. LESSONS FROM THE PAST
6.1. Guangdong High Altitude Wind Power China/ SkyWind USA
6.2. Highest Wind USA
6.3. Joby Energy USA
6.4. Magenn Power Canada
6.5. Omnidea Portugal

7. EXAMPLES OF INTERVIEWS CONCERNING HIGH POWER ENERGY HARVESTING ON MARINE CRAFT

For more information about this report visit https://www.researchandmarkets.com/research/dfmz72/airborne_wind

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-airborne-wind-energy-awe-market-2017-2027-active-developersupporter-profiles-interviews-and-plans-300521906.html

SOURCE Research and Markets

Related Links

http://www.researchandmarkets.com

Read more: Global Airborne Wind Energy (AWE) Market...

RAINBACH IN MÜHLKREIS, Austria, September 19, 2017 /PRNewswire/ --

  • Kreisel Electric accelerates its international growth course
  • Patrick Knapp-Schwarzenegger acquires a stake in the company together with a group of strategic partners
From left: Markus Kreisel, Christian Schlogl (both management board), Patrick Knapp-Schwarzenegger, (strategic partner), and Andre Felker (CMO) from Kreisel Electric. Kreisel Electric is a solution provider for electronic storage solutions. Founded in 2014, the company is growing ever since. On 19 September 2017, the new research & development center opens as its headquarters. (PRNewsfoto/Kreisel Electric GmbH)
From left: Markus Kreisel, Christian Schlogl (both management board), Patrick Knapp-Schwarzenegger, (strategic partner), and Andre Felker (CMO) from Kreisel Electric. Kreisel Electric is a solution provider for electronic storage solutions. Founded in 2014, the company is growing ever since. On 19 September 2017, the new research & development center opens as its headquarters. (PRNewsfoto/Kreisel Electric GmbH)

Kreisel Electric opens its new high-tech research and development center as its headquarters today in Rainbach, Mühlkreis district, Upper Austria. The new location, which comprises almost 7,000 m2 of space, includes a prototype workshop and a completely automated manufacturing line for Kreisel Electric battery storage devices. These devices can be used in small-batch production of passenger vehicles, utility vehicles, buses, boats and airplanes, as well as in storage solutions. With the new location, where more than 200 employees will work starting in 2018, Kreisel Electric intends to accelerate its growth course and expand its e-mobility business internationally. "We have laid the cornerstone in Austria. From here, we now want to impress customers all over the world with our solutions," said Christian Schlögl, the CEO responsible for strategic development at Kreisel Electric.

     (Photo: http://mma.prnewswire.com/media/558102/Kreisel_Electric_Partners.jpg )

The Austrian federal chancellor Mag. Christian Kern is enthusiastic about Kreisel Electric's technology and is convinced of the company's great potential: "I am very proud that Kreisel Electric is advancing the process of electrification in Austria and worldwide as the technology leader. Human ingenuity is the basis for innovation and technology and therefore for future growth and jobs. We want to be the pioneer in this regard and Kreisel is a successful example that proves two things: first, that you do not necessarily need to have studied at MIT or Harvard to found a successful company, and second, that we in Austria have the potential of playing in the top league."

Kreisel Electric will be supported in the future by Los Angeles-based entrepreneur and attorney Patrick Knapp-Schwarzenegger, nephew of former California Governor Arnold Schwarzenegger. He leads a group of strategic partners that is purchasing a stake in Kreisel Electric through the U.S. company Clean Machine Inc. Knapp-Schwarzenegger and his partners maintain a worldwide network of prominent figures in politics and business, especially in the United States, and backed by their experience they will play a leading role in the international expansion plans. "The future belongs to Kreisel Electric's technologies. California has already led the way by showing that jobs and profits can be generated with renewable energy technologies, and have a positive effect on the environment. Our goal is to make Kreisel Electric a global market leader in e-mobility and I am looking forward to working closely and successfully with the outstanding Kreisel Electric team," said Knapp-Schwarzenegger.

New research and development center underscores Kreisel's technology leadership  

The opening of the new building, which is built in the shape of the Kreisel Electric logo, will enable the innovative provider of system solutions to grant licenses and manufacture small-batch runs itself in order to meet the increasing worldwide demand. In this way, Kreisel Electric will strive to further extend its technology leadership position internationally with B2B customers in Europe, the United States, India and Asia and reinforce its position as a global supplier of electricity storage solutions.

The new high-tech research and development center runs on power it generates itself. A 90m² photovoltaics plant (output: 250 kWp), a battery storage device with a capacity of 1,248 kWh, a 17,000-liter hot water tank and the use of waste heat and waste pumps help to generate the necessary energy to manufacture the batteries and feed power to its own power grid. The Kreisel Systems Division is responsible for planning and implementing the entire building concept.

Kreisel Electric makes electric automobiles safe, powerful, efficient and suitable for everyday use  

Using modern technology and great engineering skill, Kreisel Electric manufactures the lightest and most efficient battery on the market, weighing less than 4.1 kg/kWh and has a power density of 1.95 dm2/kWh. The special casing of the battery cells boosts the range and lifespan of the batteries. A circulating, non-flammable and environmentally friendly fluid allows for excellent thermal management and the batteries are manufactured by means of an innovative laser-welding process. The maximum total charging capacity of up to 320 kW allows for quick charging to about 80% of the battery's capacity or a driving range of 300 km in about 20 minutes. Compared to the conventional battery solutions of other manufacturers, the Kreisel system can increase the range of electric automobiles by up to 65%. The battery is more than 30 percent lighter than other manufacturers' battery solutions and the production costs are many times lower, thanks to the fully automated Kreisel Electric manufacturing process. "This makes electric vehicles suitable for everyday use," said Markus Kreisel, CEO of Kreisel Electric.

Kreisel Electric has already successfully retrofitted many combustion-engine automobiles to prove the technological capability of its batteries. Besides electrifying a Mercedes G-class for Arnold Schwarzenegger, Kreisel Electric has also equipped the EVEX Porsche 910 with an electric motor featuring an output of 360 KW and a battery capacity of 53 kWh. These features, coupled with the company's own automatic 2-gear transmission, allow for 0-to-100 km/h acceleration in 2.5 seconds and a maximum speed of more than 300 km/h.

Kreisel Electric will employ storage solutions in other industries as well  

In addition to the innovative manufacturing technology for electric automobiles, Kreisel Electric also offers complete storage solutions for many other application areas and industries, as a solution provider. Apart from its application in transportation, aviation & aerospace, maritime shipping and home storage devices, the Kreisel battery technology is also well suited for a wide range of stationary infrastructure applications such as commerce, traffic, logistics, energy supply and real estate development. With Kreisel Systems, Kreisel will develop an eco-system around the battery's use for stationary charging, energy and building systems. Because Kreisel Electric is focused on refining its battery technology, it will primarily grant licenses to partners to manufacture battery solutions and produce only small batches itself. "Through licensing, our unique business model is quickly scalable. Furthermore, we are a provider of system solutions and are not interested in high-volume production. We will meet the demand for high-volume series production together with our industrial partners, with whom we are already in a very advanced stage of negotiations. We are not and will not become an automobile manufacturer; instead, we will shape the future of e-mobility in cooperation with the automotive industry and their suppliers," said Christian Schlögl, CEO of Kreisel Electric.

Kreisel Electric is particularly interested in the complete electrification of the fleets and motor vehicles of towns and cities, such as garbage collection fleets for example, but also public mass transit and taxis. To this end, Kreisel Electric is already in close contact with many manufacturers and fleet operators to define remits and develop municipal electrification concepts. Kreisel Electric's technology will thus make a lasting contribution to improving the environmental quality and quality of life in towns and cities.

Contact
Dr. Marc Langendorf
Brunswick Group GmbH
Tel: +49-89-80-99-025-17
This email address is being protected from spambots. You need JavaScript enabled to view it.

André Felker
Kreisel Electric GmbH
Chief Marketing Officer
Tel: +43-7949-21400-1306
This email address is being protected from spambots. You need JavaScript enabled to view it.

You can also find current press releases at This email address is being protected from spambots. You need JavaScript enabled to view it. and at http://www.kreiselelectric.com/presse/

A picture accompanying this release is available in the AP PhotoExpress feed using ref# PRN1084326

SOURCE Kreisel Electric GmbH

Read more: Kreisel Electric Opens New High-Tech Research...

- The joint project promotes further the Sino-Cuban cooperation in the renewable energy sector

NINGBO, China, Sept. 18, 2017 /PRNewswire/ -- Recently, Risen Energy announced that they won the bidding for assisting Cuba in the construction of a 3.9 MW solar PV project.

The company will provide a set of high-quality elements, including 260W high-efficiency polycrystalline modules, aluminum alloy frames, matching junction boxes, solar sealants and other products needed for the solar PV station.

This is the first time which Risen Energy is supplying products for the Cuban solar PV market. However, this step will certainly have a positive effect on the cooperation between China and Cuba in the area of renewable energy and will help develop further the relations between the two countries.

In a statement, the Chairman of Risen Energy, Mr. Wang Hong said: "In the last few years our company has been adhering to the core principle: "Every time you chose Risen Energy, we increase in power, you rise in value." Indeed, through constant effort, our research and development team has created a multifaceted cutting- edge technology and has helped our company win one of the leading positions in the solar industry worldwide. At the same time, the state-level laboratory based in our company performs detailed tests on every single material which we intend to incorporate in our production. After the material undergoes multiple tests and is approved by the laboratory, only then it can be used by Risen. Because of this policy we have won the trust and approval of our clients at home and all around the world. It has created a solid basis for our company to explore new markets like the one in Cuba."

According to the agreement, Risen Energy will provide solar PV modules and related materials to the Cuban side. To facilitate the safe installation of modules and make sure they will function properly, Risen Energy, as always, has adhered to strict quality standards and has supplied products with guarantee for high quality for the creation of this project and for the financial benefit of local people.

"The potential of the renewable energy market shows us renewable energy, and more specifically the solar industry, has become the biggest priority in the policies for energy optimization and renewable energy promotion initiated by the Cuban government." Chairman Wang Hong underlined: "This is a great opportunity for our company to promote further the relations between China and Cuba. For this reason, I believe that this joint project and the vast experience of our company in the area of high-efficiency solar PV modules, Risen Energy will help Cuba develop renewable energy infrastructure and start utilizing to a greater extent the renewable energy sources as part of its energy mix. We will help upgrade the local energy system in Cuba by providing the technological power of the Chinese industry.

Risen Energy Co., Ltd,
This email address is being protected from spambots. You need JavaScript enabled to view it.

View original content:http://www.prnewswire.com/news-releases/risen-energy-won-the-bidding-for-assisting-cuba-in-the-construction-of-a-39-mw-solar-pv-station-300521154.html

SOURCE Risen Energy Co., Ltd

Read more: Risen Energy won the bidding for assisting Cuba...

BAODING, China, Sept. 19, 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 its unaudited consolidated financial results for the quarter ended June 30, 2017.

Second Quarter 2017 Consolidated Financial and Operating Summary

  • Total net revenues were RMB3,173.6 million (US$468.1 million), compared to RMB1,238.3 million in the first quarter of 2017.
  • Total photovoltaic ("PV") module shipments(1) were 1,146.6MW, compared to 370.9MW in the first quarter of 2017.
  • Gross profit and gross margin were RMB53.5 million (US$7.9 million) and 1.7% respectively, compared to RMB61.5 million and 5.0% respectively in the first quarter of 2017. Gross margin on sales of PV modules was 3.9%.
  • Operating loss was RMB180.8 million (US$26.7 million), compared to operating loss of RMB103.5 million in the first quarter of 2017.
  • On a non-GAAP(2) basis, earnings before interest, tax expenses, depreciation and amortization ("EBITDA") were negative RMB27.4 million (US$4.0 million), compared to RMB100.9 million in the first quarter of 2017.
  • Net loss(3) and loss per American Depositary Share (the "ADS", one ADS represents ten ordinary shares) were RMB297.6 million (US$43.9 million) and RMB16.4 (US$2.4) respectively, compared to RMB184.4 million and RMB10.1 respectively in the first quarter of 2017. On an adjusted non-GAAP basis, adjusted net loss and adjusted loss per ADS were RMB322.8 million (US$47.6 million) and RMB17.8 (US$2.6) respectively, compared to RMB191.9 million and RMB10.6 respectively in the first quarter of 2017.

"Driven by the surging demand from China due to the expected feed-in-tariff ("FiT") reduction after June 30, 2017, the Company's PV module shipments reached a record high of 1,146.6 MW in a single quarter in the second quarter of 2017, increasing by 209% over the first quarter of 2017, and exceeded previous guidance," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

"Geographically, shipments to China increased from 243MW in the first quarter of 2017 to 992MW and accounted for 86.5% of our total PV module shipments in the second quarter of 2017, as a result of successful cooperation with different types of customers. For example, the Company completed the delivery of more than 200 MW modules to a utility scale project in Hebei Province in the second quarter, which was a great contribution to the increase in shipments. The Company also enhanced its partnerships with distributors who focused on distributed generation systems, which brought considerable and relatively stable PV module shipments each month. The Company expects the Top Runner program, PV Poverty Alleviation projects and distributed generation projects in China will be the major driving forces for the Company's PV module shipments in China in the second half of 2017. In other markets, shipments to Europe, Japan, and United States all increased compared to the first quarter of 2017. In Japan, the Company successfully completed the delivery of about half of the 230MW modules ordered by the Japan's largest solar plant in the second quarter."

"On the technology side, the Company started to utilize diamond wire sawing technology in the second quarter of 2017 and plans to increase its application in the second half of 2017. This technology is expected to reduce unit production cost of PV modules by about 5%. The Company also launched a PANDA Bifacial half-cell module which could achieve over 300W of single-sided power output and 335W of double-sided power output. In addition, the Company put the Smart Hotspot Free and multi-crystalline black silicon modules in mass production in the second quarter of 2017, which further diversified the Company's product portfolio."

"Based on current market conditions, the Company's current operating conditions, estimated production capacity and forecasted customer demand, we expect the PV module shipments to be in the range of 550 MW to 600 MW for the third quarter of 2017, and we revise our shipments guidance for full year of 2017 to 2.5 GW to 2.8 GW," Mr. Miao concluded.

(1) Total PV module shipments include shipments to the Company's own downstream PV projects. Revenues were not recognized for internal shipments as required by U.S. GAAP. The Company has suspended new development business of downstream PV projects in China since September 2015, and there were no shipments to its downstream PV projects in the second quarter of 2017.

(2) All non-GAAP measures other than EBITDA exclude, as applicable, share-based compensation, impairment of long-lived assets, provision for reserve for inventory purchase commitments and provision for prepayments in relation to inventory purchase commitments. EBITDA excludes interest, tax expenses, depreciation and amortization. For further details on non-GAAP measures, please refer to the reconciliation table and a detailed discussion of the Company's use of non-GAAP information set forth elsewhere in this press release.

(3) For convenience purposes, all references to "net loss/income" in this press release, unless otherwise specified, represent "net loss/income attributable to Yingli Green Energy" for all periods presented.

Second Quarter 2017 Financial Results

Total Net Revenues

Total net revenues were RMB3,173.6 million (US$468.1 million), compared to RMB1,238.3 million in the first quarter of 2017 and RMB2,524.1 million in the second quarter of 2016. Total PV module shipments were 1,146.6MW, compared to 370.9MW in the first quarter of 2017 and 662.0MW in the second quarter of 2016.

The increase of total net revenues from the first quarter of 2017 to the second quarter of 2017 was mainly due to the increase of PV module shipments from 370.9MW to 1,146.6MW. As PV projects that became operational before June 30, 2017 are entitled to a higher feed-in tariff, the Company's shipments to China surged from 243MW in the first quarter of 2017 to 992MW in the second quarter of 2017. The increase was partially offset by the decrease of industry-wide average selling price of PV modules.

Gross Profit and Gross Margin

Gross profit was RMB53.5 million (US$7.9 million) in the second quarter of 2017, compared to RMB61.5 million in the first quarter of 2017 and RMB460.1 million in the second quarter of 2016.

Gross margin was 1.7% in the second quarter of 2017, compared to 5.0% in the first quarter of 2017 and 18.2% in the second quarter of 2016. Gross margin on sales of PV modules was 3.9% in the second quarter of 2017, compared to 8.8% in the first quarter of 2017 and 18.1% in the second quarter of 2016.

The decrease in gross profit and gross margin from the first quarter of 2017 to the second quarter of 2017 was mainly due to the decrease of average selling price of the Company's PV modules as a result of the decrease of average selling price for PV module worldwide as well as the decrease of shipments to Japan where the selling price of PV modules were generally higher than other markets. The Company also made additional inventory provisions as a result of continuous decrease in average selling price of PV modules in the second quarter of 2017.

Operating Expenses

Operating expenses were RMB234.3 million (US$34.6 million), compared to RMB165.1 million in the first quarter of 2017 and RMB301.9 million in the second quarter of 2016. Operating expenses as a percentage of net revenue was 7.4 % in the second quarter of 2017, compared to 13.3% in the first quarter of 2017 and 12.0% in the second quarter of 2016.

The increase of operating expenses from the first quarter of 2017 to the second quarter of 2017 was mainly due to increase of freight, warranty and other selling expenses as a result of significant increase of PV module shipments, and bad debt provision. The Company made bad debt provision of RMB14.4 million for doubtful accounts receivables in the second quarter of 2017, while the Company recorded reversal of bad debts provision of RMB14.9 million for doubtful accounts receivables in the first quarter of 2017.

The increase was partially offset by the reversal of provision for reserve for inventory purchase commitments due to foreign exchange re-measurement. As a result of foreign exchange re-measurement due to significant fluctuation in the foreign exchange rate between the Renminbi and U.S. dollars, the Company recorded a reversal of provision of RMB7.7 million in the first quarter of 2017, while in the second quarter of 2017 the Company recorded such reversal of provision of RMB25.4 million.

Operating Loss and Margin

Operating loss was RMB180.8 million (US$26.7 million) in the second quarter of 2017, compared to operating loss of RMB103.5 million in the first quarter of 2017 and operating income of RMB158.3 million in the second quarter of 2016.

Operating margin was negative 5.7% in the second quarter of 2017, compared to negative 8.4% in the first quarter of 2017 and 6.3% in the second quarter of 2016.

EBITDA

On a non-GAAP basis, earnings before interest, tax expenses, depreciation and amortization ("EBITDA") were negative RMB27.4 million (US$4.0 million), compared to RMB100.9 million in the first quarter of 2017 and RMB469.5 million in the second quarter of 2016.

Interest Expense

Interest expense was RMB165.3 million (US$24.4 million) in the second quarter of 2017, compared to RMB156.5 million in the first quarter of 2017 and RMB158.6 million in the second quarter of 2016. The Company's average interest rate was 5.11% in the second quarter of 2017, compared to 5.17% in the first quarter of 2017 and 5.09% in the second quarter of 2016.

Foreign Currency Exchange Gain (Loss)

Foreign currency exchange gain was RMB5.9 million (US$0.9 million) in the second quarter of 2017, compared to RMB29.9 million in the first quarter of 2017 and RMB27.0 million in the second quarter of 2016. The foreign currency exchange gain in the second quarter of 2017 was mainly due to the depreciation of US dollar against Renminbi because the Company had a net balance of financial liabilities denominated in US dollar. Such gain was partially offset by the depreciation of Japanese Yen against Renminbi because the Company had a balance of net current assets denominated in Japanese Yen.

Income Tax Benefit (Expense)

Income tax expense was RMB0.09 million (US$0.01 million) in the second quarter of 2017, compared to RMB0.09 million in the first quarter of 2017 and RMB1.1 million in the second quarter of 2016.

Net Loss

Net loss was RMB297.6 million (US$43.9 million) in the second quarter of 2017, compared to net loss of RMB184.4 million in the first quarter of 2017 and net income of RMB 71.8 million in the second quarter of 2016. Loss per ADS was RMB16.4 (US$2.4) in the second quarter of 2017, compared to loss per ADS of RMB10.1 in the first quarter of 2017 and earnings per ADS of RMB4.0 in the second quarter of 2016.

On an adjusted non-GAAP basis, adjusted net loss was RMB322.8 million (US$47.6 million), compared to adjusted net loss of RMB191.9 million in the first quarter of 2017 and adjusted net income of RMB106.8 million in the second quarter of 2016; adjusted loss per ADS was RMB17.8 (US$2.6) in the second quarter of 2017, compared to adjusted loss per ADS of RMB10.6 in the first quarter of 2017 and adjusted earnings per ADS of RMB5.9 in the second quarter of 2016.

Financial Position

As of June 30, 2017, the Company had RMB658.2 million (US$97.1million) in cash and cash equivalents, increased from RMB417.3 million as of March 31, 2017, mainly due to the increase of PV module shipments in the second quarter of 2017.

As of June 30, 2017, the Company had RMB321.7 million (US$47.5 million) in restricted cash, decreased from RMB374.3 million as of March 31, 2017.

As of June 30, 2017, the Company's accounts receivable had increased to RMB2,910.8 million (US$429.4 million) from RMB2,728.1 million as of March 31, 2017. Days sales outstanding were 83 days in the second quarter of 2017, decreased from 198 days in the first quarter of 2017 mainly due to the significant increase of total net revenues as a result of the increase of PV module shipments in the second quarter of 2017.

As of June 30, 2017, the Company's accounts payable had decreased to RMB2,408.6 million (US$355.3 million) from RMB2,585.3 million as of March 31, 2017. Days payable outstanding were 69 days in the second quarter of 2017, decreased from 198 days in the first quarter of 2017, primarily because the Company settled certain long aging accounts payables in the second quarter of 2017.

As of June 30, 2017, the Company's inventory had decreased to RMB1,039.7 million (US$153.4 million) from RMB1,552.7 million as of March 31, 2017, which was mainly due to the increase of PV module shipments in the second quarter of 2017. Inventory turnover days were 30 days in the second quarter of 2017, decreased from119 days in the first quarter of 2017.

The Company and its subsidiaries are exploring financing options to continue to manage the Company and its subsidiaries' liquidity and to enhance their financial flexibility.

Updates on Repayment of Medium-Term Notes

As of the date of this press release, one of the Company's subsidiaries, Tianwei Yingli, had medium-term notes, or MTNs, of RMB1,757.0 million outstanding, including RMB357.0 million of the MTNs issued in 2010 (the "2010 MTNs"), which became due on October 13, 2015, and RMB1.4 billion of the MTNs issued in 2011 (the "2011 MTNs"), which became due on May 12, 2016. Tianwei Yingli is currently in payment default of the 2010 MTNs and 2011 MTNs. As previously announced by the Company, one of the holders (the "Note Holder") of 2011 MTNs and 2010 MTNs filed a lawsuit against Tianwei Yingli in a PRC court to recover the amount due under such MTNs. The principal amount of the MTNs held by the Note Holder is alleged to be RMB65.7 million, representing approximately 3.7% of the total amount of the 2011 MTNs and 2010 MTNs that are still outstanding. The Note Holder claimed that Tianwei Yingli should repay principal, interest and overdue penalty on the MTNs for an aggregate amount of RMB74.4 million and bear costs relating to the lawsuit. Tianwei Yingli plans to vigorously defend its rights in court while continuing to seek a mutually beneficial solution out of court. Considering the amount claimed by the Note Holder, the Company does not expect this lawsuit to have any direct material impact on the Company's overall operation. The Company notified all holders of the MTNs of this lawsuit and held a meeting with them to discuss the Company's debt restructuring, strategic alternatives and financing plans. The Company is not aware of any other legal proceedings initiated by holders of the 2011 MTNs or the 2010 MTNs against the Company or any of its subsidiaries.

Business Outlook for Third Quarter and Full Year 2017

Based on current market conditions, the Company's current operating conditions, estimated production capacity and forecasted customer demand, the Company expects its PV module shipments to be in the estimated range of 550MW to 600MW for the third quarter of 2017. The Company revises the shipments guidance for full year of 2017 from 2.1-2.2GW to 2.5-2.8GW.

Non-GAAP Financial Measures

To supplement the financial measures calculated in accordance with GAAP, this press release may include certain non-GAAP financial measures of adjusted gross profit, adjusted gross margin, adjusted operating expenses adjusted operating profit or loss, adjusted operating margin, adjusted net income (loss), adjusted diluted earnings (loss) per ordinary share and per ADS and EBITDA, each of which (other than EBITDA) is adjusted to exclude, as applicable, items related to share-based compensation, provision for reserve for inventory purchase commitments and provision for prepayments in relation to inventory purchase commitments. EBITDA excludes interest, tax expenses, depreciation and amortization. The Company believes excluding these items from its non-GAAP financial measures is useful for its management and investors to assess and analyze the Company's on-going performance as such items are not directly attributable to the underlying performance of the Company's business operations and/or do not impact its cash earnings. The Company also believes these non-GAAP financial measures are important to help investors understand the Company's current financial performance and future prospects and compare business trends among different reporting periods on a consistent basis. These non-GAAP financial measures should be considered in addition to financial measures presented in accordance with GAAP, but should not be considered as a substitute for, or superior to, financial measures presented in accordance with GAAP. For a reconciliation of each of these non-GAAP financial measures to the most directly comparable GAAP financial measure, please see the financial information included elsewhere in this press release.

Currency Conversion

Solely for the convenience of readers, certain Renminbi amounts have been translated into U.S. dollar amounts at the rate of RMB6.7793 to US$1.00, the noon buying rate in New York for cable transfers of Renminbi per U.S. dollar as set forth in the H.10 weekly statistical release of the Federal Reserve Board as of June 30, 2017. No representation is intended to imply that these translated Renminbi amounts could have been, or could be, converted, realized or settled into U.S. dollar amounts at such rate, or at any other rate. The percentages stated in this press release are calculated based on Renminbi amounts.

Conference Call

Yingli Green Energy will host a conference call and live webcast to discuss the results at 8:00 AM Eastern Daylight Time on September 19, 2017, which corresponds to 8:00 PM Beijing/Hong Kong time on the same day.

The dial-in details for the live conference call are as follows:

U.S. Toll Free Number: +1-866-519-4004
International Dial-in Number: +65 6713 5090
Passcode: 72132603

A live and archived webcast of the conference call will be available on the Investors section of Yingli Green Energy's website at www.yinglisolar.com. A webcast On-Demand will be available shortly after the call on Yingli Green Energy's website for 12 months.

A replay of the conference call will be available until September 27, 2017 by dialing:

U.S. Toll Free Number: +1-855-452-5696
International Dial-in Number: +61 2 8199 0299
Passcode: 72132603

About Yingli Green Energy

Yingli Green Energy Holding Company Limited (NYSE: YGE), known as "Yingli Solar", is one of the world's leading photovoltaic (PV) module 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 18 GW 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
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

YINGLI GREEN ENERGY HOLDINGS COMPANY LIMITED AND SUBSIDIARIES

Unaudited Condensed Consolidated Balance Sheets

(In thousands)


As of June 30, 2016

As of March 31, 2017

As of June 30, 2017


RMB

RMB

RMB

US$

ASSETS





Current assets:





Cash and restricted cash

854,619

791,550

979,853

144,536

Accounts receivable, net

3,073,205

2,728,090

2,910,839

429,372

Inventories

1,530,214

1,552,731

1,039,654

153,357

Prepayment to suppliers

685,608

392,943

467,219

68,918

Prepaid expenses and other current assets

1,886,520

1,336,392

1,248,561

184,173

Total current assets

8,030,166

6,801,706

6,646,126

980,356

Long-term prepayment to suppliers

374,260

315,800

284,627

41,985

Land, property, plant and equipment, net

6,535,501

4,762,158

4,671,176

689,035

Project assets

738,158

658,854

651,136

96,048

Land use rights

407,320

400,360

398,252

58,745

Intangible assets, net

58,235

58,047

57,985

8,553

Investments in affiliated companies

459,492

354,810

355,751

52,476

Other assets

184,601

165,497

163,610

24,135

Total assets

16,787,733

13,517,232

13,228,663

1,951,333

LIABILITIES AND SHAREHOLDERS' DEFICIT





Current liabilities:





Short-term borrowings, including current portion of
medium-term notes and long-term debt

8,922,803

8,942,822

8,994,005

1,326,686

Accounts payable

3,111,889

2,585,264

2,408,599

355,287

Other current liabilities and accrued expenses

2,745,695

2,841,734

2,976,599

439,072

Total current liabilities

14,780,387

14,369,820

14,379,203

2,121,045

Long-term debt, excluding current portion

2,571,848

2,491,144

2,497,738

368,436

Accrued warranty liability, excluding current portion

789,981

810,617

827,545

122,069

Other liabilities

3,290,871

3,247,958

3,207,580

473,144

Total liabilities

21,433,087

20,919,539

20,912,066

3,084,694

Shareholders' deficit:





Ordinary shares

13,791

13,791

13,791

2,034

Additional paid-in capital

7,247,359

7,248,514

7,248,786

1,069,253

Accumulated other comprehensive income (loss)

99,322

(52,652)

(5,343)

(787)

Treasury stock

(127,331)

(127,331)

(127,331)

(18,782)

Accumulated deficit

(13,101,537)

(15,612,873)

(15,910,478)

(2,346,920)

Total Yingli Green Energy shareholders' deficit

(5,868,396)

(8,530,551)

(8,780,575)

(1,295,202)

Non-controlling interests

1,223,042

1,128,244

1,097,172

161,841

Total shareholders' deficit

(4,645,354)

(7,402,307)

(7,683,403)

(1,133,361)

Total liabilities and shareholders' deficit

16,787,733

13,517,232

13,228,663

1,951,333






YINGLI GREEN ENERGY HOLDINGS COMPANY LIMITED AND SUBSIDIARIES

Unaudited Condensed Consolidated Statements of Comprehensive Income

(In thousands, except for ordinary shares, per ordinary share and per ADS data)


For the three month ended


June 30, 2016

March 31, 2017

June 30, 2017


RMB

RMB

RMB

US$

Net revenues:





    Sales of PV modules

2,123,262

1,030,312

2,948,075

434,864

    Other revenues

400,794

207,946

225,513

33,265

Total net revenues

2,524,056

1,238,258

3,173,588

468,129

Cost of revenues:





    Cost of PV modules sales

(1,739,232)

(940,033)

(2,833,278)

(417,931)

    Cost of other revenues

(324,697)

(236,686)

(286,794)

(42,305)

Total cost of revenues

(2,063,929)

(1,176,719)

(3,120,072)

(460,236)

Gross profit

460,127

61,539

53,516

7,893

    Selling expenses

(154,556)

(110,404)

(129,277)

(19,069)

    General and administrative expenses

(70,512)

(31,826)

(85,280)

(12,580)

    Research and development expenses

(42,183)

(30,506)

(45,220)

(6,670)

Reversal of/(provision) for reserve for inventory purchase
commitments

(34,623)

7,678

25,436

3,752

Total operating expenses

(301,874)

(165,058)

(234,341)

(34,567)

Income/(Loss) from operations

158,253

(103,519)

(180,825)

(26,674)

Interest expense

(158,568)

(156,464)

(165,344)

(24,390)

Interest income

1,017

817

859

127

Foreign currency exchange gain

26,954

29,855

5,918

873

Other income

50,781

18,296

14,234

2,100

Income/(Loss) before income taxes

78,437

(211,015)

(325,158)

(47,964)

Income tax expenses

(1,120)

(94)

(87)

(13)

Equity in income/(loss) of affiliates, net

935

(382)

338

50

Net income/ (loss)

78,252

(211,491)

(324,907)

(47,927)

Less : Loss/(gain) attributable to the non-controlling interests

(6,428)

27,044

27,301

4,027

Net income/( loss) attributable to Yingli Green Energy

71,824

(184,447)

(297,606)

(43,900)

Weighted average ordinary shares outstanding





Basic

181,763,770

181,763,770

181,763,770

181,763,770

Diluted

181,763,770

181,763,770

181,763,770

181,763,770

Income (loss) per ordinary share





Basic

0.40

(1.01)

(1.64)

(0.24)

Diluted

0.40

(1.01)

(1.64)

(0.24)

Earnings/(Loss) per ADS





Basic

4.0

(10.1)

(16.4)

(2.4)

Diluted

4.0

(10.1)

(16.4)

(2.4)

Net income/(loss)

78,252

(211,491)

(324,907)

(47,927)

Other comprehensive income/(loss)





Foreign Currency exchange translation adjustment, net of nil
tax

(74,384)

1,109

43,538

6,422

Comprehensive income/(loss)

3,868

(210,382)

(281,369)

(41,505)

Less : Comprehensive loss/(income) attributable to the non-controlling interest

(10,571)

27,934

31,072

4,583

Comprehensive loss attributable to Yingli Green Energy

(6,703)

(182,448)

(250,297)

(36,922)

Reconciliation of Non-GAAP measures to GAAP measures


For the three month ended


June 30, 2016

March 31, 2017

June 30, 2017


RMB

RMB

RMB

US$

Net income/(loss) attributable to Yingli Green Energy

71,824

(184,447)

(297,606)

(43,900)

Share-based compensation

(318)

(273)

(272)

(40)

Reversal of/(provision) for reserve for inventory purchase
commitments

(34,623)

7,678

25,436

3,752

Non-GAAP income/(loss)

106,765

(191,852)

(322,770)

(47,612)

Non-GAAP diluted earnings/(loss) per share

0.59

(1.06)

(1.78)

(0.26)

Reconciliation of EBITDA measures to loss before income tax & minority interest measures

Income/(Loss) before income taxes and non-controlling interest

79,372

(211,397)

(324,820)

(47,914)

Interest expense

158,568

156,464

165,344

24,390

Interest income

(1,017)

(817)

(859)

(127)

Depreciation

229,671

154,706

131,269

19,363

Amortization for land use rights and intangible assets

2,896

1,961

1,659

245

EBITDA

469,490

100,917

(27,407)

(4,043)

YINGLI GREEN ENERGY HOLDINGS COMPANY LIMITED AND SUBSIDIARIES

Unaudited Condensed Consolidated Statements of Comprehensive Income

(In thousands, except for ordinary shares, per ordinary share and per ADS data)


For the six month ended


June 30, 2016

June 30, 2017


RMB

RMB

US$

Net revenues:




    Sales of PV modules

3,956,736

3,978,387

586,843

    Other revenues

918,370

433,460

63,939

Total net revenues

4,875,106

4,411,847

650,782

Cost of revenues:




    Cost of PV modules sales

(3,211,250)

(3,773,311)

(556,593)

    Cost of other revenues

(734,448)

(523,481)

(77,218)

Total cost of revenues

(3,945,698)

(4,296,792)

(633,811)

Gross profit

929,408

115,055

16,971

    Selling expenses

(337,410)

(239,680)

(35,355)

    General and administrative expenses

(156,062)

(117,106)

(17,274)

    Research and development expenses

(63,213)

(75,726)

(11,170)

    Reversal of/(provision) for reserve for inventory purchase
commitments

(28,025)

33,114

4,885

Total operating expenses

(584,710)

(399,398)

(58,914)

Income/(loss) from operations

344,698

(284,343)

(41,943)

Interest expense

(334,699)

(321,808)

(47,469)

Interest income

2,086

1,676

247

Foreign currency exchange gain

82,445

35,773

5,277

Other income

64,400

32,530

4,798

Income/(loss) before income taxes

158,930

(536,172)

(79,090)

Income tax expense

(15,055)

(181)

(27)

Equity in income of affiliates, net

(148)

(44)

(7)

Net income/(loss)

143,727

(536,397)

(79,116)

Less : Loss attributable to the non-controlling interests

7,664

54,345

8,016

Net income/(loss) attributable to Yingli Green Energy

151,391

(482,052)

(71,100)

Weighted average ordinary shares outstanding




Basic

181,763,770

181,763,770

181,763,770

Diluted

181,763,770

181,763,770

181,763,770

Income/(loss) per ordinary share




Basic

0.83

(2.65)

(0.39)

Diluted

0.83

(2.65)

(0.39)

Income/(loss) per ADS




Basic

8.3

(26.5)

(3.9)

Diluted

8.3

(26.5)

(3.9)

Net income/(loss)

143,727

(536,397)

(79,116)

Other comprehensive income/(loss)




Foreign Currency exchange translation adjustment, net of nil tax

(77,531)

44,647

6,586

Comprehensive income/(loss)

66,196

(491,750)

(72,530)

Less: Comprehensive loss attributable to the non-controlling interest

4,492

59,006

8,704

Comprehensive income/(loss) attributable to Yingli Green Energy

70,688

(432,744)

(63,826)

View original content:http://www.prnewswire.com/news-releases/yingli-green-energy-reports-second-quarter-2017-results-300521911.html

SOURCE Yingli Green Energy Holding Company Limited

Related Links

http://www.yinglisolar.com

Read more: Yingli Green Energy Reports Second Quarter 2017...

  • Siemens Gamesa Renewable Energy has taken the decision to stop producing the 8-MW AD8 turbines designed by Adwen, which were supposed to be installed at the Yeu–Noirmoutier Islands and Dieppe–Le Tréport offshore wind farms. The company is now offering its 8-MW D8 turbine for the project.
  • The French Ministry of Ecological and Solidary Transition has approved the change in turbine.
  • Siemens Gamesa Renewable Energy will uphold Adwen's industrial commitments in France.

Adwen—now wholly owned by the new entity Siemens Gamesa Renewable Energy—notified Eoliennes en Mer, a company set up by ENGIE (47%), EDP Renewables (43%) and Caisse des Dépôts (10%), of its decision to stop producing the AD8-180 turbine. This model was initially meant to be used in the Yeu–Noirmoutier Islands and Dieppe–Le Tréport offshore wind-farm projects, which the consortium won in 2014. Siemens Gamesa Renewable Energy then decided to focus its production on the D8 model.

The companies Eoliennes en Mer Dieppe - Le Tréport and Eoliennes en Mer Yeu and Noirmoutier Islands submitted this change to the Ministry of Ecological and Solidary Transition for approval. The Ministry approved Siemens' D8 technology for the project, after consulting with the French Energy Regulator (CRE).

Siemens Gamesa Renewable Energy will also uphold the industrial commitments of its subsidiary Adwen. On 21 March 2017, Adwen submitted permit applications for blade and nacelle production plants, which will be set up in Le Havre and will create 750 direct jobs. In addition, the decision of the consortium and its turbine supplier to use local manufacturers will help mobilise 750 additional jobs.

Since the approval of the project, the companies Eoliennes en Mer Dieppe - Le Tréport and Eoliennes en Mer Yeu and Noirmoutier Islands have been working to develop two offshore wind farms. Each farm has a total output of 496 MW and the commissioning is expected in 2021. The companies Eoliennes en Mer Dieppe - Le Tréport and Eoliennes en Mer Yeu and Noirmoutier Islands submitted its applications for authorisation to the government in May 2017, in accordance with the timetable outlined in the specifications of the call for bids. ENGIE, EDP Renewables and Caisse des Dépôts are committed to the success of this local project, and they all share the same goal: to support the emergence of offshore wind power production in France.


About ENGIE

ENGIE develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take on the major challenges of energy’s transition to a low-carbon economy: access to sustainable energy, climate-change mitigation and adaptation and the rational use of resources. The Group provides individuals, cities and businesses with highly efficient and innovative solutions largely based on its expertise in four key sectors: renewable energy, energy efficiency, liquefied natural gas and digital technology. ENGIE employs 153,090 people worldwide and achieved revenues of €66.6 billion in 2016. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main international indices: CAC 40, CAC 40 Governance, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, DJSI World, DJSI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).

About EDP Renewables

EDP Renewables (Euronext: EDPR) is a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer. With a sound development pipeline, first class assets and market-leading operating capacity, EDPR has undergone exceptional development in recent years and is currently present in 12 markets (Belgium, Brazil, Canada, France, Italy, Mexico, Poland, Portugal, Romania, Spain, the UK and the US). Energias de Portugal, S.A. (“EDP”), the principal shareholder of EDPR, is a global energy company and a leader in value creation, innovation and sustainability. EDP has been a Dow Jones Sustainability Index for eight consecutive years.
EDPR is a major player of renewable energies in France with 388 MW installed capacity. EDPR is also a shareholder of the fix offshore projects of Noirmoutier/Yeu and Dieppe/Le Treport. EDPR is committed to support the Energy Transition effort by means of its expertise, financial and Human resources.
Energias de Portugal, S.A. (“EDP”), the principal shareholder of EDPR, is a global energy company and a leader in value creation, innovation and sustainability. EDP is Portugal’s largest industrial group and the only Portuguese company to form part of the Dow Jones Sustainability Indexes (World and STOXX). For further information, please visit www.edpr.com

About The Caisse des Dépôts Group

Caisse des Dépôts and its subsidiaries are a state-owned group, a long-term investor dedicated to serving the public interest and regional economic development. Its vocation was reaffirmed by the law on modernisation of the economy of 4 august 2008. Widely recognised for its expertise in managing its areas of competence, the group focuses its efforts on four major areas of transition strategically vital to France's long-term development: territorial, ecology and energy, digital, demographic and social. www.caissedesdepots.fr

Read more: Offshore wind-energy project: The consortium...

– Das gemeinsame Projekt fördert die weitere chinesisch-kubanische Zusammenarbeit in der erneuerbaren Energiebranche

NINGBO, China, 19. Sept. 2017 /PRNewswire/ -- Vor kurzem gab Risen Energy bekannt, dass sie den Zuschlag für die Ausschreibung bei der Unterstützung von Kuba beim Bau einer 3,9 MW Photovoltaikanlage erhalten haben.

Das Unternehmen wird eine Reihe von hochwertigen Elementen zur Verfügung stellen, darunter hocheffiziente 260 W polykristalline Module, Aluminiumlegierungsrahmen, passende Verteilerdosen, Solardichtungen und weitere Produkte, die für die Photovoltaikanlage erforderlich sind.

Mit diesem Projekt liefert Risen Energy zum ersten Mal Produkte für den kubanischen Photovoltaikmarkt. Dieser Schritt wird jedoch bestimmt positive Auswirkungen auf die Zusammenarbeit zwischen China und Kuba im Bereich erneuerbare Energien haben und die Beziehungen zwischen den Ländern weiter stärken.

In einer Stellungnahme sagte Herr Wang Hong, der Vorsitzende von Risen Energy: „In den letzten paar Jahren hat sich unser Unternehmen an folgendes Grundprinzip gehalten: „Jedes Mal, wenn Sie sich für Risen Energy entscheiden, werden wir stärker und Sie erhalten mehr Wert." Tatsächlich konnte unser Forschungs- und Entwicklungsteam durch ständige Anstrengungen eine vielschichtige Spitzentechnologie schaffen, und half dadurch unserem Unternehmen, weltweit eine der führenden Positionen in der Solarbranche zu erhalten. Gleichzeitig führt das in unserem Unternehmen ansässige staatliche Labor detaillierte Tests für jedes einzelne Material durch, das in unsere Produktion integriert werden soll. Erst nachdem das Material mehrere Tests durchlaufen hat und vom Labor genehmigt wurde, darf es von Risen eingesetzt werden. Dank dieser Vorgehensweise konnten wir das Vertrauen und die Anerkennung unserer Kunden im eigenen Land und auf der ganzen Welt gewinnen. Wir konnten damit eine solide Basis für unser Unternehmen schaffen, um neue Märkte wie beispielsweise Kuba zu erschließen."

Gemäß der Vereinbarung wird Risen Energie Photovoltaikmodule und zugehörige Materialien an Kuba liefern. Um die sichere Installation der Module zu ermöglichen und sicherzustellen, dass sie richtig funktionieren, hat sich Risen Energy – wie immer – an strengste Qualitätsnormen gehalten und Produkte mit höchster Qualitätsgarantie für dieses Projekt geliefert, um finanzielle Vorteile für die lokale Bevölkerung zu erzielen.

„Das Potenzial des erneuerbaren Energiemarkts zeigt uns, dass erneuerbare Energien und insbesondere die Solarwirtschaft bei den Strategien für Energieoptimierung und erneuerbare Energieförderung, die von der kubanischen Regierung eingeleitet wurden, höchste Priorität haben." Vorsitzender Wang Hong betonte: „Dies ist eine großartige Möglichkeit für unser Unternehmen, die Beziehungen zwischen China und Kuba zu fördern. Aus diesem Grund bin ich der Meinung, dass Risen Energy mit diesem gemeinsamen Projekt und der beträchtlichen Erfahrung unseres Unternehmens im Bereich hocheffizienter Photovoltaikmodule Kuba bei der Entwicklung einer erneuerbaren Energieinfrastruktur unterstützen kann, damit diese erneuerbaren Energiequellen in einem größeren Umfang als Teil ihres Energiemixes eingesetzt werden können. Wir werden dabei helfen, das lokale Energiesystem in Kuba durch Bereitstellung der technologischen Leistung der chinesischen Industrie auszubauen.

Risen Energy Co., Ltd,
This email address is being protected from spambots. You need JavaScript enabled to view it. 

SOURCE Risen Energy Co., Ltd

Read more: Risen Energy erhält Zuschlag bei der...

GRAND PRAIRIE, Texas--(BUSINESS WIRE)--IKEA, the world’s leading home furnishings retailer, today announced that the solar panel installation is complete atop its future Grand Prairie, TX store opening late Fall 2017 as the company’s second Dallas-Fort Worth-area store. The array is the fourth IKEA solar array in the State of Texas. The Grand Prairie store’s 181,500-square-foot solar array consists of a 1.25 MW system, built with 2,800 large format panels that will produce approximately 2,000,000 kWh of electricity annually for the store, the equivalent of reducing 1,406 tons of carbon dioxide (CO2) – equal to the emissions of 197 cars or providing electricity for 208 homes yearly (calculating clean energy equivalents at www.epa.gov/energy/greenhouse-gas-equivalencies-calculator).

For the development, design and installation of the new store’s solar power system, IKEA selected SunPower, one of the world's most innovative and sustainable energy companies providing complete solar solutions and services. MYCON Construction is building the store that reflects the same unique architectural design for which IKEA stores are known worldwide.

“Completing the solar installation is another exciting and sustainable step in the progress towards opening the future IKEA Grand Prairie,” said Matt Hunsicker, store manager. “IKEA strives to create a sustainable life for communities where we operate, and IKEA Grand Prairie is adding to this goal with our fourth rooftop solar array in Texas.”

This array represents the 47th solar project for IKEA in the U.S., contributing to the IKEA solar presence atop more than 90% of its U.S. locations, with a total generation goal of more than 44 MW. IKEA owns and operates each of its solar PV energy systems atop its buildings – as opposed to a solar lease or PPA (power purchase agreement) – and globally allocated $2.5 billion to invest in renewable energy through 2020, reinforcing its confidence and investment in solar photovoltaic technology. Consistent with the goal of being energy independent by 2020, IKEA has installed more than 700,000 solar panels on buildings across the world and owns approximately 300 wind turbines, including 104 in the U.S.

IKEA, drawing from its Swedish heritage and respect of nature, believes it can do good business while minimizing impacts on the environment. Globally, IKEA evaluates locations regularly for conservation opportunities, integrates innovative materials into product design, works to maintain sustainable resources, and flat-packs goods for efficient distribution. Specific U.S. sustainable efforts include: recycling waste material; incorporating environmental measures into the actual buildings with energy-efficient HVAC and lighting systems, recycled construction materials, skylights in warehouse areas, and water-conserving restrooms; and operationally, eliminating plastic bags from the check-out process, and selling only LED bulbs. IKEA has installed electric vehicle charging stations at 30 stores, with more locations planned, including 3 units at the future Grand Prairie store.

The 290,000-square-foot future IKEA Grand Prairie and its 1,100 parking spaces is being built on 30 acres along the eastern side of State Highway 161 and Mayfield Road, north of Interstate-20. Until IKEA Grand Prairie opens as the state’s fourth store, customers can shop at Collin County’s IKEA Frisco or online at IKEA-USA.com. Other Texas IKEA stores are in Houston and Round Rock, with a San Antonio-area one planned to open Summer 2019 in Live Oak, and a Fort Worth store to open as the third DFW-area location, also in Summer 2019.

Since its 1943 founding in Sweden, IKEA has offered home furnishings of good design and function at low prices so the majority of people can afford them. There are currently more than 400 IKEA stores in 49 countries, including 44 in the U.S. IKEA has been ranked among “Best Companies to Work For” and, as further investment in its coworkers, has raised its own minimum wage twice in two years. IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment. For more information see IKEA-USA.com, @IKEAUSANews, @IKEAUSA or IKEAUSA on Facebook, YouTube, Instagram and Pinterest.

Read more: Solar Installation Complete Atop Future IKEA...

- Gezamenlijk project bevordert Chinees-Cubaanse samenwerking in de hernieuwbare energie-sector

NINGBO, China, 19 september 2017 /PRNewswire/ -- Risen Energy heeft onlangs bekendgemaakt dat het de aanbesteding heeft gewonnen voor de bouw van een zonnecentrale-project van 3,9 MW voor Cuba.

Het bedrijf zal een aantal hoogwaardige elementen leveren, waaronder 260W hoog-rendements polykristallijne modules, frames van aluminiumlegering, bijpassende verdeeldozen, sealants voor zonnepanelen en andere benodigde producten voor het zonnestation.

Het is de eerste keer dat Risen Energy producten levert op de Cubaanse markt voor PV-zonnemodules. Deze stap zal echter ook een positief effect hebben op de samenwerking tussen China en Cuba op het gebied van hernieuwbare energie en de betrekkingen tussen de twee landen verder versterken.

In een verklaring zei de Voorzitter van Risen Energy, dhr. Wang Hong: "In de afgelopen paar jaar is ons bedrijf trouw gebleven aan het kernprincipe: "Iedere keer dat u kiest voor Risen Energy, krijgen wij meer kracht en u meer waarde." Het staat vast dat de voortdurende inspanning van ons research and development team om veelzijdige, geavanceerde technologie te ontwikkelen, ertoe heeft geleid dat ons bedrijf een van de meest toonaangevende posities in de wereldwijde zonne-industrie heeft verworven. Tegelijkertijd voert het laboratorium dat op staatsniveau onderdeel uitmaakt van ons bedrijf, uitgebreide tests uit op ieder materiaal dat we bij onze productie willen inzetten. Risen zet de materialen pas in na meerdere testrondes met het materiaal en na goedkeuring door het laboratorium. Door dit beleid hebben wij het vertrouwen en de goedkeuring gewonnen van onze klanten in het binnenland en over de hele wereld. Dit heeft een solide basis gecreëerd voor ons bedrijf om nieuwe markten te gaan verkennen zoals deze in Cuba."

Onder deze overeenkomst zal Risen Energy solar PV modules en aanverwante materialen leveren aan de Cubaanse zijde. Teineinde de veilige installatie van modules te faciliteren en ervoor te zorgen dat ze goed zullen functioneren, heeft Risen Energy zich als altijd gehouden aan strenge kwaliteitsnormen en producten geleverd met garantie op hoge kwaliteit voor de aanleg van dit project en voor het financieel voordeel voor de lokale bevolking.

"Het potentieel van de hernieuwbare energie-markt laat zien dat hernieuwbare en dan met name de zonne-industrie de hoogste prioriteit heeft gekregen in het nieuwe beleid van de Cubaanse regering op het gebied van energie-optimalisatie en promotie van hernieuwbare energie." Voorzitter Wang Hong benadrukte: "Dit is een geweldige kans voor ons bedrijf om de betrekkingen tussen China en Cuba verder te versterken. Daarom geloof ik dat Risen Energy met dit gezamenlijk project en de uitgebreide ervaring van ons bedrijf op het gebied van hoog rendements zonnemodules Cuba zal helpen de hernieuwbare infrastructuur te ontwikkelen en te beginnen met het benutten van hernieuwbare energiebronnen op grotere schaal als onderdeel van de energiemix. Wij zullen het lokale energiesysteem in Cuba helpen verbeteren door de technologische kracht van de Chinese industrie.

Risen Energy Co., Ltd,
This email address is being protected from spambots. You need JavaScript enabled to view it.

SOURCE Risen Energy Co., Ltd

21:00 ET

Preview: Risen Energy vence licitação para auxiliar Cuba na construção de uma estação FV solar de 3,9 MW

21:00 ET

Preview: Risen Energy gana licitación para ayudar a Cuba en la construcción de una estación solar fotovoltaica de 3,9 MW

Read more: Risen Energy won aanbesteding voor bouw 3,9 MW...

SACRAMENTO, Calif., Sept. 18, 2017 /PRNewswire-USNewswire/ -- As the Ports of Los Angeles and Long Beach (POLA/POLB) begin final consideration of their updated 2017 Clean Air Action Plan (the "Plan"), regulators must embrace the future role of diesel technology in the global goods movement sector and the substantial, immediate clean air and climate benefits that the latest clean diesel technologies offer.

Because of its unique combination of power, performance, efficiency, reliability, durability and availability, diesel power is projected to remain the dominant technology for global goods movement on land and sea for the next period covered by this plan. The newest generation of clean diesel technology achieves near-zero levels of emissions for nitrogen oxides and particulate matter, while also maintaining an efficiency and performance advantage over other fuels.

"Clean diesel has a proven track record for the POLA/POLB, and that's one reason we know it will be successful in the future," said Allen Schaeffer, executive director of the Diesel Technology Forum (the Forum). "The majority of the emission reduction benefits realized when the Clean Truck Program was implemented in 2012 came from truck operators choosing clean diesel power over alternative fuels."

Schaffer continued: "As currently constructed, this updated Clean Air Action Plan must do more to recognize and leverage strategies like accelerated adoption of cleaner diesel engines and equipment that achieve proven near-term benefits. One of the key uncertainties of the plan is technology availability in the form of the timing, market success and availability of any alternative fuels and powertrains in the Port service setting. The potential for slowed or impaired progress in achieving clean air and greenhouse gas emissions reduction targets without a balanced fuel, technology and timeline approach is real."

As the port considers future technology investments upgrading or replacing older vehicles, equipment, switch locomotives and harbor craft with the latest clean diesel technology will do the most to deliver needed emission reductions to sensitive communities most in need of emission reductions in a timely manner.

According to the U.S. Environmental Protection Agency's (EPA) most recent National Port Strategy Assessment (December 2016):

  • Replacing a model year 2007 Class 8 drayage truck with a model year 2010 or newer diesel drayage truck can reduce NOx emissions by 221 lbs. Multiplied over the 60 percent of the truck fleet that does not come with technology to meet the model year 2010 standard, the port could reduce emissions by 2.1 million lbs. of NOx.
  • Replacing a single old engine that powers a switch locomotive with a Tier 4 model can reduce NOx emissions by 37,000 lbs. of NOx and 974 lbs. of particulate matter emissions. Replacing the older engine in the wide variety of marine workboats including tugs and ferries can have equally significant emissions reductions.

"These significant emission reductions could be delivered immediately by technology that is sitting on dealer lots today, which does not require the lengthy and expensive buildout of refueling or recharging infrastructure, or the widespread adoption of technologies not yet available at a commercial market scale," said Schaeffer. "Further, the POLA/POLB can immediately enhance this proven clean air performance and achieve significant greenhouse gas reduction capabilities by utilizing low-carbon renewable diesel fuel in all its diesel engines and equipment." 

More recent demonstration projects show new concepts for clean diesel power in drayage operation.  Drayage trucks with downsized diesel engines integrated with battery electric drive modes for on-port operations and a geo-fence enabled ability to switch to diesel power in off-port settings, give it a best-of-both worlds performance.

"Based on this record," said Schaeffer, "we are confident that the newest generation of clean diesel technology is poised to contribute to even more emission reductions and help the POLA/POLB achieve their climate and clean air goals and power a modern, world-class near-zero emissions freight and goods movement system for the future."

Estimated MY 2007-2009 Truck Population

Replacement Strategy

Anticipated NOx Reduction (lbs.)

Estimated Cost of Technology

Total Cost of Achieving Reductions

Currently Available

9,600

MY 2010 Diesel

2.1 million

$110,000

$1.056 billion

Yes

9,600

Battery Electric

2.5 million

$220,000

$2.1 billion

No

SOURCE: Nation Port Strategy Assessment: Reducing Air Pollution and Greenhouse Gases at U.S. Ports, U.S. EPA.

Truck Replacement Strategy

Anticipated NOx Reduction (lbs.)

Replace MY 2007-2009 with MY 2010 Diesel

221

Replace MY 2010 with Zero Emission

44

SOURCE: Nation Port Strategy Assessment: Reducing Air Pollution and Greenhouse Gases at U.S. Ports, U.S. EPA. Page 46.

Replacing Older Engines with
Tier 4 Option

Anticipated NOx Reduction (lbs.)

Equivalent to Replacing MY 2007 Dray Trucks with MY 2010 Model

Tug Boat

96,000

434

Switch Locomotive

37,000

167

Ferry

62,000

280

SOURCE: Nation Port Strategy Assessment: Reducing Air Pollution and Greenhouse Gases at U.S. Ports, U.S. EPA.

When California's Clean Air Action Program was implemented in 2012, nine out of every 10 trucks required to meet the model year 2007 emissions standard were powered by diesel, according to previous emission inventories. The most recent emissions inventory published by the Port of Long Beach estimates that 95 percent of drayage truck calls were performed by drayage trucks powered by diesel engines.

Since 2012, a new, near-zero NOx standard was established for model year 2010. According to the Clean Air Action Plan Update, about 60 percent of the fleet – roughly 9,600 California trucks – do not have the technology to meet the latest near-zero tailpipe emissions standard set for model year 2010.

According to the Forum's most recent analysis, only around 23 percent of California's commercial heavy-duty diesel trucking fleet – the largest in the United States at nearly a million vehicles – currently use the newest, cleanest diesel technology. The national average is 30 percent adoption.

"Excluding the latest clean diesel trucks from eligibility in a potential preferential access scheme will ensure substantial delays in achieving emission reductions for sensitive communities," said Schaeffer.

Read the Diesel Technology Forum's full comment on the Clean Air Action Plan Update here.

About The Diesel Technology Forum
The Diesel Technology Forum is a non-profit organization dedicated to raising awareness about the importance of diesel engines, fuel and technology. Forum members are leaders in clean diesel technology and represent the three key elements of the modern clean-diesel system: advanced engines, vehicles and equipment, cleaner diesel fuel and emissions-control systems. For more information visit www.dieselforum.org.


Contact:
Sarah Dirndorfer
This email address is being protected from spambots. You need JavaScript enabled to view it.
301.668.7230 (o) 301.706.8276 (c)

(View this press release online)

View original content with multimedia:http://www.prnewswire.com/news-releases/ports-of-los-angeles-and-long-beach-new-clean-diesel-technology-key-part-of-future-plan-offers-fastest-lowest-cost-route-to-emission-reductions-300521590.html

SOURCE Diesel Technology Forum

Related Links

http://www.dieselforum.org

Read more: Ports of Los Angeles and Long Beach: New Clean...

More Articles ...

Subcategories

Translator

Advertisement

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

Advertisement
Advertisement