DUBLIN--(BUSINESS WIRE)--The "Kuwait Solar Energy Market Outlook to 2023" report has been added to Research and Markets' offering.

Wide range of drivers and challenges including feed-in-tariff, incentives, availability of finance from unilateral and bilateral agencies, significant investments across value chain and presence of key players are set to shape the future of Kuwait solar power market.

On the other hand, uncertainty of large projects, slow decline of prices beyond 2020, high capital expenditure, large installation area and increasing competition from alternative fuel sources are set to hinder Kuwait solar power market growth rates.

Technological advances in solar power market including increased efficiency, reduced overheads, reduced size of films, use of polymers and increase in new materials for solar power cells are set to boost incentives for increasing investments in solar power.

The Kuwait solar power market research report comprehensively provides drivers, challenges and potential opportunities confronting companies in the industry. The report also provides information on existing projects along with planned and under construction projects.

Further, key players operating in Kuwait solar power market- both domestic and international are detailed along with company, SWOT profiles of leading companies. In addition, recent developments in the Kuwait solar power market are also detailed.

Key Topics Covered:

1 Executive Summary

2 Research Scope and Methodology

3 Discussion on the Kuwait Solar Power Market

4 Kuwait Solar Power Markets - Emerging Market Dynamics

5 Kuwait Solar Power Markets - SWOT Analysis

6 Kuwait Solar Power Market Outlook

7 Key Companies in Kuwait Solar Power Sector - Business, SWOT and Financial Profiles

8. Recent Industry Developments

9 Appendix

For more information about this report visit https://www.researchandmarkets.com/research/g7jz38/kuwait_solar

Read more: Kuwait Solar Energy Market Outlook to 2023 -...

DUBLIN--(BUSINESS WIRE)--The "Belgium Solar Energy Market Outlook to 2023" report has been added to Research and Markets' offering.

Wide range of drivers and challenges including feed-in-tariff, incentives, availability of finance from unilateral and bilateral agencies, significant investments across value chain and presence of key players are set to shape the future of Belgium solar power market.

On the other hand, uncertainty of large projects, slow decline of prices beyond 2020, high capital expenditure, large installation area and increasing competition from alternative fuel sources are set to hinder Belgium solar power market growth rates.

Technological advances in solar power market including increased efficiency, reduced overheads, reduced size of films, use of polymers and increase in new materials for solar power cells are set to boost incentives for increasing investments in solar power.

The Belgium solar power market research report comprehensively provides drivers, challenges and potential opportunities confronting companies in the industry. The report also provides information on existing projects along with planned and under construction projects.

Further, key players operating in Belgium solar power market- both domestic and international are detailed along with company, SWOT profiles of leading companies. In addition, recent developments in the Belgium solar power market are also detailed.

Key Topics Covered:

1 Executive Summary

2 Research Scope and Methodology

3 Discussion on the Belgium Solar Power Market

4 Belgium Solar Power Markets - Emerging Market Dynamics

5 Belgium Solar Power Markets - SWOT Analysis

6 Belgium Solar Power Market Outlook

7 Key Companies in Belgium Solar Power Sector - Business, SWOT and Financial Profiles

8. Recent Industry Developments

9 Appendix

For more information about this report visit https://www.researchandmarkets.com/research/j7sntw/belgium_solar

Read more: Belgium Solar Energy Market Outlook 2017-2023 -...

BREVARD COUNTY, Fla., Oct. 19, 2017 /PRNewswire/ -- Florida Power & Light Company (FPL) today announced it has installed more than half of the 2.5 million solar panels that will comprise eight new solar power plants powering its customers by early 2018.

 (PRNewsfoto/Florida Power & Light Company)
(PRNewsfoto/Florida Power & Light Company)...

Construction activity at the new solar sites is at peak levels with a workforce of more than 1,000 men and women, including military veterans, building the advanced facilities. The eight new plants are part of FPL's larger plan to add more than 10 million solar panels from 2016 to 2023, one of the largest solar expansions ever in the eastern United States.

"We're investing nearly $1 billion to grow solar in Florida this year alone, and we're building each of these new solar power plants cost-effectively," said FPL President and CEO Eric Silagy as he toured the construction site of the future FPL Barefoot Bay Solar Energy Center in Brevard County with community leaders today. "Together, these eight new plants are projected to generate an estimated net lifetime savings of more than $100 million for our customers – over and above the cost of construction.  Our continued commitment to rapidly expand solar energy while keeping customer bills low demonstrates that it is, in fact, possible to be both clean and affordable."

"FPL's clean energy infrastructure investments continue to pay off for Floridians and give our state's economy a competitive advantage," said Vicki Northrup, an economic development consultant in Brevard County. "Residents and businesses served by FPL are enjoying cleaner and cleaner energy while continuing to pay significantly less for power than the national average."

The eight new FPL solar plants under construction and their expected completion dates are:

  • FPL Horizon Solar Energy Center, Alachua and Putnam counties (by Dec. 31, 2017)
  • FPL Coral Farms Solar Energy Center, Putnam County (by Dec. 31, 2017)
  • FPL Indian River Solar Energy Center, Indian River County (by Dec. 31, 2017)
  • FPL Wildflower Solar Energy Center, Desoto County (by Dec. 31, 2017)
  • FPL Barefoot Bay Solar Energy Center, Brevard County (by March 1, 2018)
  • FPL Blue Cypress Solar Energy Center, Indian River County (by March 1, 2018)
  • FPL Hammock Solar Energy Center, Hendry County (by March 1, 2018)
  • FPL Loggerhead Solar Energy Center, St. Lucie County (by March 1, 2018)

Each of the eight new solar plants will be capable of generating 74.5 megawatts of zero-emissions energy when the sun is shining for a combined total of nearly 600 megawatts.

More information about solar in Florida and FPL's solar investments
Florida ranks ninth in the nation for solar resource – the strength of the sun's rays – making it a great place for solar. One of the cleanest electric utilities in the nation, FPL projects that solar will outpace coal and oil combined as a percentage of the company's energy mix by the year 2020.

From 2016 to 2023, FPL plans to add more than 2,300 new megawatts of solar, including the approximately 225 megawatts completed in 2016 and the nearly 600 megawatts currently under construction – totaling more than 10 million solar panels in all.

FPL has been studying and operating solar in Florida for more than three decades. In 1984, FPL commissioned its first universal solar installation, a 10-kilowatt PV facility in Miami that helped the company's employees gain experience with the then-emerging technology. Over the years, FPL has continued to test and operate a wide variety of solar technologies.

In 2009, the company built the 25-megawatt FPL DeSoto Next Generation Solar Energy Center, which was the largest solar PV power plant ever built in the U.S. at the time. In 2016, FPL became the first company to build solar cost-effectively in Florida, leveraging its purchasing power and sites with key advantages to complete three 74.5-megawatt universal solar power plants that are projected to result in net customer savings over their operational lifetimes.

Today, FPL is the largest generator of solar energy in Florida with six major solar power plants and numerous other universal solar installations, totaling more than 335 megawatts of capacity:

  • FPL Babcock Ranch Solar Energy Center, Charlotte County
  • FPL Citrus Solar Energy Center, DeSoto County
  • FPL Manatee Solar Energy Center, Manatee County
  • FPL Martin Next Generation Clean Energy Center (hybrid solar/natural gas), Martin County
  • FPL DeSoto Next Generation Solar Energy Center, DeSoto County
  • FPL Space Coast Next Generation Solar Energy Center, Brevard County
  • FPL Solar Circuit at Daytona International Speedway, Volusia County
  • Solar research installation at Florida International University, Miami-Dade County
  • FPL SolarNow array at the Broward Young At Art Museum & Library, Broward County
  • FPL SolarNow array at the Palm Beach Zoo & Conservation Society, Palm Beach County
  • FPL SolarNow array at the Palmetto Estuary Nature Preserve, Manatee County

In addition to the above, FPL has installed small-scale solar arrays for more than 100 Florida schools and other educational facilities. For more information, visit www.FPL.com/solar.

Florida Power & Light Company
Florida Power & Light Company is the third-largest electric utility in the United States, serving nearly 5 million customer accounts or an estimated 10 million people across nearly half of the state of Florida. FPL's typical 1,000-kWh residential customer bill is approximately 25 percent lower than the latest national average and, in 2016, was the lowest in Florida among reporting utilities for the seventh year in a row. FPL's service reliability is better than 99.98 percent, and its highly fuel-efficient power plant fleet is one of the cleanest among all utilities nationwide. The company received the top ranking in the southern U.S. among large electric providers, according to the J.D. Power 2016 Electric Utility Residential Customer Satisfaction StudySM, and was recognized in 2017 as one of the most trusted U.S. electric utilities by Market Strategies International. A leading Florida employer with approximately 8,900 employees, FPL is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc. (NYSE: NEE), a clean energy company widely recognized for its efforts in sustainability, ethics and diversity, and has been ranked No. 1 in the electric and gas utilities industry in Fortune's 2017 list of "World's Most Admired Companies." NextEra Energy is also the parent company of NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun. For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com.

View original content with multimedia:http://www.prnewswire.com/news-releases/fpl-crosses-halfway-point-in-its-plans-to-add-another-25-million-solar-panels-by-early-2018-at-eight-new-solar-power-plants-across-florida-300539825.html

SOURCE Florida Power & Light Company

Related Links

http://www.nexteraenergy.com

Read more: FPL crosses halfway point in its plans to add...

ENGIE and Fenix announce that they have agreed on a transaction in which ENGIE will acquire 100% of Fenix International1, a next generation energy company, offering Solar Home Systems (SHS) in Africa. Founded in 2009, Fenix employs 350 people and has its main activities in Uganda where it is the leading SHS player with more than 140,000 customers. Fenix recently expanded into Zambia and plans further roll-outs in other countries across Africa. Fenix will be the first SHS company to join a major worldwide energy company, which puts the fight against climate change and energy access at the very center of its purpose.

Bruno Bensasson, CEO of ENGIE Africa: “We believe that combining the strengths of ENGIE, a global energy player and Fenix, a successful company with very strong customer focus, high-quality products and an experienced team anchored in the heart of Sub-Saharan Africa, will enable faster deployment of SHS to the large African population still lacking access to electricity. Fenix will be the agile growth engine for ENGIE’s SHS business in Africa and enable us to become a leading profitable off-grid energy services company on the continent, reaching millions of customers by 2020. We do believe that universal access is now reachable in a foreseeable future by the combination of national grids extension, local micro-grids and solar home systems, depending on the local characteristics of the energy demand.

Lyndsay Handler, CEO of Fenix International: “Fenix and ENGIE share the belief that universal access to energy is possible and paramount. To date, Fenix has delivered reliable solar power to over 900,000 people in East Africa. By joining forces with ENGIE - one of the world’s largest independent utility companies with a firm commitment to a decentralized, decarbonized and digital energy revolution - we will greatly accelerate the path to our vision.” She added: “Our values and our team will remain at the core of Fenix. We will continue to relentlessly pursue an exceptional customer experience in all we do and we will invest even more in building a great team with a strong culture. Together with ENGIE’s ambitions, experience, talent and long-term investments, we will deliver affordable power and other life-changing products to customers across Africa and make universal access to modern energy a reality."

Over 600 million people lack access to modern energy in Africa. Rapid improvement of photovoltaic, battery storage technologies and mobile payment platforms make it possible for companies to offer affordable, reliable and expandable solar home systems. Fenix‘s flagship product, ReadyPay Power, provides lighting, phone charging and power for TVs and radios. The technology is offered on a lease-to-own basis so that off-grid customers can finance their power system through micro instalments over mobile money. Fenix uses the financing of the solar home system to build a credit score for each customer which can then be used to power and finance other life-changing products and services from Fenix.

This investment will contribute to ENGIE’s goal of providing 20 million people around the world with access to decarbonized, decentralized energy by 2020, using the latest digital technologies. Fenix’s strength within the home solar market in Africa will play a strategic part in the realisation of this goal, given the number of households that off-grid solar is expected to reach over the coming years. The World Bank has estimated that up to 99 million households, more than a third of those that are off-grid, will rely on home solar by 2020, with the market growing fastest in Africa 2.

1 Closing of the transaction will happen once all approvals of the relevant regulatory bodies are received.

2 The Off Grid Solar Market Trends Report 2016, The World Bank and Bloomberg New Energy Finance (BNEF), click here to know more.

About Fenix

Fenix is a next-generation, end-to-end renewable energy company that does everything from design, manufacturing, sales, financing and customer service. Fenix’s flagship product, ReadyPay Power, is an expandable, lease-to-own home solar system financed through ultra-affordable instalments over Mobile Money. We use real-time transaction data to create a next-generation credit score to finance power upgrades or other life-changing loans. To date, we have sold over 140,000 ReadyPay Power systems and we are growing our product portfolio and geographic coverage to bring power and a wider world of financing to millions of customers by 2020.

Fenix is an awardee of Scaling Off-Grid Energy: A Grand Challenge for Development. Scaling Off-Grid Energy is a global partnership founded by the U.S. Agency for International Development, Power Africa, the U.K. Department for International Development’s Energy Africa campaign, and the Shell Foundation – a UK-registered charity. The Grand Challenge for Development aims to extend energy access to 20 million households across sub-Saharan Africa through off-grid household solar solutions.

Fenix was advised by Enclude and Wilson Sonsini Goodrich & Rosati on this transaction. For more information visit www.fenixintl.com

About ENGIE AFRICA

ENGIE has been present in Africa for 50 years, where it rolls out its electricity generation, natural gas and energy services activities for territories, companies and households. ENGIE has centralized electricity capacities of approximately 3,000 MW in Africa, either opera-tional or under construction. ENGIE is also developing decentralized electricity production for isolated businesses and rural villages.For more information visit www.engie-africa.com

About ENGIE

ENGIE is committed to taking on the major challenges of the energy revolution, towards a world more decarbonised, decentralised and digitalised. The Group aims to become the leader of this new energy world by focusing on three key activities for the future: low carbon generation in particular from natural gas and renewable energy, energy infrastructure and efficient solutions adapted to all its customers (individuals, businesses, territories, etc.). Innovation, digital solutions and customer satisfaction are the guiding principles of ENGIE’s development. ENGIE is active in around 70 countries, employs 150,000 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 financial indices (CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris - World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

Read more: ENGIE accelerates its development in the...

 

ENGIE and Fenix announce that they have agreed on a transaction in which ENGIE will acquire 100% of Fenix International1, a next generation energy company, offering Solar Home Systems (SHS) in Africa. Founded in 2009, Fenix employs 350 people and has its main activities in Uganda where it is the leading SHS player with more than 140,000 customers. Fenix recently expanded into Zambia and plans further roll-outs in other countries across Africa. Fenix will be the first SHS company to join a major worldwide energy company, which puts the fight against climate change and energy access at the very center of its purpose.

Bruno Bensasson, CEO of ENGIE Africa: “We believe that combining the strengths of ENGIE, a global energy player and Fenix, a successful company with very strong customer focus, high-quality products and an experienced team anchored in the heart of Sub-Saharan Africa, will enable faster deployment of SHS to the large African population still lacking access to electricity. Fenix will be the agile growth engine for ENGIE’s SHS business in Africa and enable us to become a leading profitable off-grid energy services company on the continent, reaching millions of customers by 2020. We do believe that universal access is now reachable in a foreseeable future by the combination of national grids extension, local micro-grids and solar home systems, depending on the local characteristics of the energy demand.”

Lyndsay Handler, CEO of Fenix International: “Fenix and ENGIE share the belief that universal access to energy is possible and paramount. To date, Fenix has delivered reliable solar power to over 900,000 people in East Africa. By joining forces with ENGIE - one of the world’s largest independent utility companies with a firm commitment to a decentralized, decarbonized and digital energy revolution - we will greatly accelerate the path to our vision.” She added: “Our values and our team will remain at the core of Fenix. We will continue to relentlessly pursue an exceptional customer experience in all we do and we will invest even more in building a great team with a strong culture. Together with ENGIE’s ambitions, experience, talent and long-term investments, we will deliver affordable power and other life-changing products to customers across Africa and make universal access to modern energy a reality."

Over 600 million people lack access to modern energy in Africa. Rapid improvement of photovoltaic, battery storage technologies and mobile payment platforms make it possible for companies to offer affordable, reliable and expandable solar home systems. Fenix‘s flagship product, ReadyPay Power, provides lighting, phone charging and power for TVs and radios. The technology is offered on a lease-to-own basis so that off-grid customers can finance their power system through micro instalments over mobile money. Fenix uses the financing of the solar home system to build a credit score for each customer which can then be used to power and finance other life-changing products and services from Fenix.

This investment will contribute to ENGIE’s goal of providing 20 million people around the world with access to decarbonized, decentralized energy by 2020, using the latest digital technologies. Fenix’s strength within the home solar market in Africa will play a strategic part in the realisation of this goal, given the number of households that off-grid solar is expected to reach over the coming years. The World Bank has estimated that up to 99 million households, more than a third of those that are off-grid, will rely on home solar by 2020, with the market growing fastest in Africa 2.

1. Closing of the transaction will happen once all approvals of the relevant regulatory bodies are received.
2. The Off Grid Solar Market Trends Report 2016, The World Bank and Bloomberg New Energy Finance (BNEF), click here to know more.

About Fenix
Fenix (fenixintl.com) is a next-generation, end-to-end renewable energy company that does everything from design, manufacturing, sales, financing and customer service. Fenix’s flagship product, ReadyPay Power, is an expandable, lease-to-own home solar system financed through ultra-affordable instalments over Mobile Money. We use real-time transaction data to create a next-generation credit score to finance power upgrades or other life-changing loans. To date, we have sold over 140,000 ReadyPay Power systems and we are growing our product portfolio and geographic coverage to bring power and a wider world of financing to millions of customers by 2020.

Fenix is an awardee of Scaling Off-Grid Energy: A Grand Challenge for Development. Scaling Off-Grid Energy is a global partnership founded by the U.S. Agency for International Development, Power Africa, the U.K. Department for International Development’s Energy Africa campaign, and the Shell Foundation a UK-registered charity. The Grand Challenge for Development aims to extend energy access to 20 million households across sub-Saharan Africa through off-grid household solar solutions.

Fenix was advised by Enclude and Wilson Sonsini Goodrich & Rosati on this transaction.

Fenix press contacts:
Melissa Sidnell; P: +44(0)20 3357 9748 / +44(0)77 5685 8044 - E: melissa[.]flamepr.com.
Maya Harruna; P: +44(0)20 3357 9744 / +44(0)79 4774 1129 - E: maya[.]flamepr.com.

About ENGIE AFRICA
ENGIE (engie-africa.com) has been present in Africa for 50 years, where it rolls out its electricity generation, natural gas and energy services activities for territories, companies and households. ENGIE has centralized electricity capacities of approximately 3,000 MW in Africa, either opera-tional or under construction. ENGIE is also developing decentralized electricity production for isolated businesses and rural villages.

About ENGIE
ENGIE (engie.com) is committed to taking on the major challenges of the energy revolution, towards a world more decarbonised, decentralised and digitalised. The Group aims to become the leader of this new energy world by focusing on three key activities for the future: low carbon generation in particular from natural gas and renewable energy, energy infrastructure and efficient solutions adapted to all its customers (individuals, businesses, territories, etc.). Innovation, digital solutions and customer satisfaction are the guiding principles of ENGIE’s development. ENGIE is active in around 70 countries, employs 150,000 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 financial indices (CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris - World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

Investor Relations contact: T: +33(0)1 44 22 66 29 - E: ir[.]engie.com.

Read more: ENGIE Accelerates its Development in the...

CHONGQING, China, Oct. 19, 2017 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy", the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that the board of directors has officially approved the Company's Phase 3B expansion plan ("Phase 3B Project") for its polysilicon facilities in Xinjiang.

Phase 3B Project is expected to increase the Company's polysilicon annual nameplate capacity from the current 18,000 MT to 25,000 MT. By adopting additional technology improvement and debottlenecking projects, the Company may be able to further increase its capacity to 30,000 MT per annum by the end of 2019.

The Company expects to complete project design and initial preparation works for Phase 3B Project by the end of 2017, complete constructions and installations by the end of 2018, start pilot production in the first half of 2019 and reach full capacity by the end of the second quarter of 2019.

For the Phase 3B Project, the Company plans to adopt new designs, processes, technologies and equipment that would further improve the quality and purity of its polysilicon products. The polysilicon products of the Phase 3B Project are anticipated to reach electronics grade and will be targeting the mono-crystalline wafer and semiconductor markets, which have more stringent requirements on polysilicon quality and purity, and therefore have higher entry barriers. The Company may potentially enjoy higher profit margin if it could successfully access these markets with its differentiated ultra-high purity electronic-grade polysilicon products.

In addition to polysilicon quality upgrading, the Company expects to implement new production processes to improve operational efficiencies, which would further reduce our total production cost.  Once Phase 3B Project is ramped up to full production capacity, we anticipate the overall total production cost for our Xinjiang facilities could potentially be decreased to US$7.50 per kilogram, benefiting from better operating leverage, adopting new production processes and equipment with higher efficiencies, and achieving greater economies of scale.

About Daqo New Energy Corp.

Founded in 2008, Daqo New Energy Corp. (NYSE: DQ) is a leading manufacturer of high-purity polysilicon for the global solar PV industry. As one of the world's lowest cost producers of high-purity polysilicon and solar wafers, the Company primarily sells its products to solar cell and solar module manufacturers. The Company has built a manufacturing facility that is technically advanced and highly efficient with a nameplate capacity of 18,000 metric tons in Xinjiang, China. The Company also operates a solar wafer manufacturing facility in Chongqing, China.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. The Company may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the demand for photovoltaic products and the development of photovoltaic technologies; global supply and demand for polysilicon; alternative technologies in cell manufacturing; our ability to significantly expand our polysilicon production capacity and output; the reduction in or elimination of government subsidies and economic incentives for solar energy applications; and our ability to lower our production costs. Further information regarding these and other risks is included in the reports or documents we have filed with, or furnished to, the Securities and Exchange Commission. Daqo New Energy does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of this press release, and Daqo New Energy undertakes no duty to update such information, except as required under applicable law.

For investor inquiries, please contact:

Daqo New Energy Corp.
Investor Relations Department
Phone: +86-187-1658-5553
Email:
This email address is being protected from spambots. You need JavaScript enabled to view it.

View original content:http://www.prnewswire.com/news-releases/daqo-new-energy-announces-phase-3b-expansion-plan-for-its-polysilicon-facilities-in-xinjiang-300539585.html

SOURCE Daqo New Energy Corp.

Read more: Daqo New Energy Announces Phase 3B Expansion...

SAN FRANCISCO--(BUSINESS WIRE)--ENGIE and Fenix announce that they have agreed on a transaction in which ENGIE will acquire1 100% of Fenix International, a next generation energy company, offering Solar Home Systems (SHS) in Africa. Founded in 2009, Fenix employs over 350 people and has its main activities in Uganda where it is the leading SHS player with more than 140,000 customers. Fenix recently expanded into Zambia and plans further roll-outs in other countries across Africa. Fenix will be the first SHS company to join a major worldwide energy company, which puts the fight against climate change and energy access at the very center of its purpose.

Bruno Bensasson, CEO of ENGIE Africa: “We believe that combining the strengths of ENGIE, a global energy player and Fenix, a successful company with very strong customer focus, high-quality products and an experienced team anchored in the heart of Sub-Saharan Africa, will enable faster deployment of SHS to the large African population still lacking access to electricity. Fenix will be the agile growth engine for ENGIE’s SHS business in Africa and enable us to become a leading profitable off-grid energy services company on the continent, reaching millions of customers by 2020. We do believe that universal access is now reachable in a foreseeable future by the combination of national grids extension, local micro-grids and solar home systems, depending on the local characteristics of the energy demand.”

Lyndsay Handler, CEO of Fenix International: “Fenix and ENGIE share the belief that universal access to energy is possible and paramount. To date, Fenix has delivered reliable solar power to over 900,000 people in East Africa. By joining forces with ENGIE - one of the world’s largest independent utility companies with a firm commitment to a decentralized, decarbonized and digital energy revolution - we will greatly accelerate the path to our vision.” She added, “Our values and our team will remain at the core of Fenix. We will continue to relentlessly pursue an exceptional customer experience in all we do and we will invest even more in building a great team with a strong culture. Together with ENGIE’s ambitions, experience, talent and long-term investments, we will deliver affordable power and other life-changing products to customers across Africa and make universal access to modern energy a reality."

Over 600 million people lack access to modern energy in Africa. Rapid improvement of photovoltaic, battery storage technologies and mobile payment platforms make it possible for companies to offer affordable, reliable and expandable solar home systems. Fenix‘s flagship product, ReadyPay Power, provides lighting, phone charging and power for TVs and radios. The technology is offered on a lease-to-own basis so that off-grid customers can finance their power system through micro instalments over mobile money. Fenix uses the financing of the solar home system to build a credit score for each customer which can then be used to power and finance other life-changing products and services from Fenix.

This investment will contribute to ENGIE’s goal of providing 20 million people around the world with access to decarbonized, decentralized energy by 2020, using the latest digital technologies. Fenix’s strength within the home solar market in Africa will play a strategic part in the realisation of this goal, given the number of households that off-grid solar is expected to reach over the coming years. The World Bank has estimated that up to 99 million households, more than a third of those that are off-grid, will rely on home solar by 2020, with the market growing fastest in Africa.2

1 Closing of the transaction will happen once all approvals of the relevant regulatory bodies are received.

2 The Off Grid Solar Market Trends Report 2016, The World Bank and Bloomberg New Energy Finance (BNEF), https://data.bloomberglp.com/bnef/sites/4/2016/03/20160303_BNEF_WorldBankIFC_Off-GridSolarReport_.pdf

ENDS

About Fenix

Fenix is a next-generation, end-to-end renewable energy company that does everything from design, manufacturing, sales, financing and customer service. Fenix’s flagship product, ReadyPay Power, is an expandable, lease-to-own home solar system financed through ultra-affordable instalments over Mobile Money. We use real-time transaction data to create a next-generation credit score to finance power upgrades or other life-changing loans. To date, we have sold over 140,000 ReadyPay Power systems and we are growing our product portfolio and geographic coverage to bring power and a wider world of financing to millions of customers by 2020.

Fenix is an awardee of Scaling Off-Grid Energy: A Grand Challenge for Development. Scaling Off-Grid Energy is a global partnership founded by the U.S. Agency for International Development, Power Africa, the U.K. Department for International Development’s Energy Africa campaign, and the Shell Foundation – a UK-registered charity. The Grand Challenge for Development aims to extend energy access to 20 million households across sub-Saharan Africa through off-grid household solar solutions.

Fenix was advised by Enclude and Wilson Sonsini Goodrich & Rosati on this transaction.

For more information visit www.fenixintl.com

About ENGIE AFRICA

ENGIE has been present in Africa for 50 years, where it rolls out its electricity generation, natural gas and energy services activities for territories, companies and households. ENGIE has centralized electricity capacities of approximately 3,000 MW in Africa, either operational or under construction. ENGIE is also developing decentralized electricity production for isolated businesses and rural villages.

For more information visit www.engie-africa.com

About ENGIE

ENGIE is committed to take on the major challenges of the energy revolution, towards a world more decarbonised, decentralised and digitised. The Group aims at becoming the leader of this new energy world by focusing on three key activities for the future: low carbon generation in particular from natural gas and renewable energies, energy infrastructures and efficient solutions adapted to all its clients’ needs (individuals, businesses, territories, etc.). The customers’ satisfaction, innovation and digital are at the heart of ENGIE’s development. ENGIE is active in around 70 countries, employs 150,000 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 financial indices (CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris - World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

Read more: ENGIE Accelerates Its Development in the...

ATLANTA, Oct. 19, 2017 /PRNewswire/ -- Georgia Power introduces Community Solar, the newest way for residential customers to help support the growth and development of renewable energy in Georgia. Through the new program, now open for pre-enrollment at GeorgiaPower.com/CommunitySolar, residential customers can subscribe to receive a bill credit based on actual production at a solar facility. This new program was designed in coordination with and approved by the Georgia Public Service Commission.

Launching in January 2018, Community Solar is ideal for residential customers who want to support solar, especially those who are unable to install a photovoltaic (PV) system at their homes, including renters and condominium owners, or homeowners with shaded roof space or restrictive covenants. The program will be supported by 3 megawatts (MW) of new Georgia Power solar facilities including a 2 MW facility currently under construction near Athens, Georgia.

"The Community Solar initiative is the latest addition to a wide variety of Georgia Power programs available that make it possible for more customers to support the growth of solar energy," said Wilson Mallard, director of renewable development at Georgia Power. "Georgia is a national solar leader because of efforts like Community Solar that benefit all customers and diversify our fuel mix, while also driving the expansion of renewable energy resources in the state."

Participation in the program will cost $24.99 per 1 kilowatt (kW) block per month in exchange for a monthly credit based on a solar facility's production. Customers are limited to their estimated monthly energy usage and a maximum of 10 1-kW blocks, with a total of 3,000 blocks available for subscription. The monthly credit may only be used to offset a portion of the customer's electric consumption from Georgia Power for that month and has no cash value. The solar production of a 1 kW subscription block will vary due to season, number of cloudy days and other factors, but is estimated to be in the range of 130 – 240 kilowatt-hours per month.  

Georgia Power's robust renewable development strategy includes innovative customer programs such as Simple Solar, as well as large-scale initiatives such as the Advanced Solar Initiative (ASI) and the Renewable Energy Development Initiative (REDI). The company continues to have the largest voluntary renewable portfolio in the country and now has approximately 900 MW* of solar capacity in operation, with accelerating growth year over year since 2013. Through continued expansion of solar at Georgia military bases, implementation of the new REDI, as well as other solar projects and programs, the company expects to add up to 1,600 MW* of additional renewable capacity by 2021.

For additional information about the new Community Solar program and to pre-enroll, visit the website at www.GeorgiaPower.com/CommunitySolar. Interested and eligible Georgia Power customers who submit a pre-enrollment application will be notified in December 2017 of program acceptance based on a first-come, first served basis, prior to their first Community Solar billing.

* REC Disclaimer: Every megawatt hour of electricity produced by an eligible solar generation resource creates a Renewable Energy Credit (REC). Georgia Power purchases only the null energy output from some renewable generating facilities that have contracted to sell that energy to Georgia Power. Ownership of the associated RECs is specified in each respective power purchase agreement. The party that owns the RECs retains the right to use them.

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

View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-introduces-new-community-solar-program-300539892.html

SOURCE Georgia Power

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SAN JOSE, Calif.--(BUSINESS WIRE)--Nutanix (NASDAQ: NTNX), a leader in enterprise cloud computing, today announced that Canadian Solar, a global energy provider, has chosen the Nutanix Enterprise Cloud Platform to run its mission-critical enterprise applications including MS Exchange, SQL, SharePoint, enterprise applications and the company intranet. Using the Nutanix Enterprise Cloud Platform, including Nutanix’s Prism management solution with VMWare ESXi virtualization, Canadian Solar has seen increased application performance for end users, greater productivity from the IT team, major cost savings and reduced rackspace from 14U to 4U.

Canadian Solar first decided to switch to Nutanix after struggling to manage its previous NetApp storage system with the IT team’s limited resources and time. After reviewing three options for an upgraded infrastructure solution, Canadian Solar chose Nutanix to run the company’s workloads at one of its primary data center and remote offices in the Americas and EMEA regions. The entire process of migrating VMs from its NetApp solution to Nutanix took just a few days. As part of its deployment, the team is also using Nutanix’s management solution, Prism, to manage storage, compute and virtualization, proactively monitor storage capacity and enable one-click software upgrades.

Since Canadian Solar moved all workloads from NetApp to Nutanix, its end users immediately saw a huge increase in application performance. In addition, Canadian Solar can now upgrade its system live during the day, as opposed to previously having to conduct it at night and following a network reboot. The team has also saved on datacenter rack space and power. Nutanix systems fit only 4U in the main data center as opposed to the 14U from their previous solution. Since Nutanix systems only require 4 power suppliers, in contrast to the former NetApp systems that required a total of 17 power suppliers.

“Nutanix makes our private cloud infrastructure so much easier,” said Richard Briston, senior network and infrastructure specialist, Canadian Solar. “We have eliminated all of the complexity of our previous environment, especially with the addition of Prism, which has simplified upgrades down to a single click. With Nutanix, we don't have to worry about our underlying infrastructure any more. The peace-of-mind I get allows me to reallocate time to more important initiatives. That’s a big win for me, as well as for Canadian Solar.”

“Being able to choose a datacenter solution that offers the cost and simplicity benefits of the public cloud, but in a private cloud environment has become increasingly essential for solar energy providers to respond to strong competition and demand,” said Robert Yelenich, country manager, Canada, Nutanix. “With the Nutanix Enterprise Cloud OS, Canadian Solar’s IT team is able to focus on the applications and workloads that directly help its customers minimize their environmental impacts, and allows the company to emerge as an even stronger player in the solar energy industry.”

Resources

  • To learn more about Nutanix’s Enterprise Cloud Platform, click here.

About Nutanix

Nutanix makes infrastructure invisible, elevating IT to focus on the applications and services that power their business. The Nutanix enterprise cloud platform leverages web-scale engineering and consumer-grade design to natively converge compute, virtualization and storage into a resilient, software-defined solution with rich machine intelligence. The result is predictable performance, cloud-like infrastructure consumption, robust security, and seamless application mobility for a broad range of enterprise applications. Learn more at www.nutanix.com or follow us on Twitter @nutanix.

© 2017 Nutanix, Inc. All rights reserved. Nutanix, the Enterprise Cloud Platform and the Nutanix logo are registered trademarks or trademarks of Nutanix, Inc. in the United States and other countries. All other brand names mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s).

Read more: Canadian Solar Selects Nutanix Enterprise Cloud...

DUBLIN--(BUSINESS WIRE)--The "Lithuania Solar Energy Market Outlook to 2023" report has been added to Research and Markets' offering.

Wide range of drivers and challenges including feed-in-tariff, incentives, availability of finance from unilateral and bilateral agencies, significant investments across value chain and presence of key players are set to shape the future of Lithuania solar power market.

On the other hand, uncertainty of large projects, slow decline of prices beyond 2020, high capital expenditure, large installation area and increasing competition from alternative fuel sources are set to hinder Lithuania solar power market growth rates.

Technological advances in solar power market including increased efficiency, reduced overheads, reduced size of films, use of polymers and increase in new materials for solar power cells are set to boost incentives for increasing investments in solar power.

The Lithuania solar power market research report comprehensively provides drivers, challenges and potential opportunities confronting companies in the industry. The report also provides information on existing projects along with planned and under construction projects.

Further, key players operating in Lithuania solar power market- both domestic and international are detailed along with company, SWOT profiles of leading companies. In addition, recent developments in the Lithuania solar power market are also detailed.

Key Topics Covered:

1 Executive Summary

2 Research Scope and Methodology

3 Discussion on the Lithuania Solar Power Market

4 Lithuania Solar Power Markets - Emerging Market Dynamics

5 Lithuania Solar Power Markets - SWOT Analysis

6 Lithuania Solar Power Market Outlook

7 Key Companies in Lithuania Solar Power Sector - Business, SWOT and Financial Profiles

8. Recent Industry Developments

9 Appendix

For more information about this report visit https://www.researchandmarkets.com/research/zn9jql/lithuania_solar

Read more: Lithuania Solar Energy Market Outlook to 2023 -...

SANTA CLARA, Calif.--(BUSINESS WIRE)--Green Charge, an ENGIE Company, today announced that BYD is now supplying batteries to Green Charge. Green Charge’s first installation of BYD batteries will be for the recently announced six-megawatt-hour system adjacent to ENGIE’s Mt. Tom Solar farm to serve Holyoke Gas & Electric in western Massachusetts. Designed to optimize intermittent solar energy and contribute to rate stabilization for Holyoke Gas & Electric customers over the next 20 years, this energy storage project will be the largest utility-scale energy storage installation in Massachusetts. To date, BYD has installed more than 550 MWh of energy storage systems worldwide.

“BYD has a proven track record with product at scale production,” said Vic Shao, CEO at Green Charge. “Our first installation of utility-scale energy storage with Holyoke Gas & Electric is an extremely important milestone not just for Massachusetts but for customers benefiting from reduced utility capacity costs all while reducing stress on the HG&E grid system.”

Green Charge is the number one energy storage company as named by Navigant Research. Green Charge develops turnkey grid scale energy storage projects and has a strong history of developing commercial and industrial projects.

“We are pleased that BYD was chosen by Green Charge as its trusted partner for this project with Holyoke Gas & Electric based on our global expertise in battery technology and energy storage,” said Micheal Austin, BYD Vice President. “BYD has led the charge to improve the way we power our communities, and we will continue to lead as the only storage supplier that not only manufacturers rechargeable cells, but also the bi-directional inverters integrated in grid-tied containerized systems. BYD is helping make the transition to renewable energy possible.”

As one of the world’s leading new energy technology companies, BYD has shipped approximately 1-GW worth of solar modules in the U.S and has captured nearly 50-percent market share in the frequency regulation energy storage market – or about 25 percent of the entire American energy storage market. In addition, BYD is the largest consumer electric vehicle and electric bus manufacturer in the world.

About Green Charge:

In 2017 Green Charge was named the number one distributed energy storage company by Navigant Research. Green Charge has been designing and deploying commercial energy storage since 2009, with systems installed throughout the United States. As part of ENGIE, the largest independent power producer in the world, Green Charge’s mission is to use energy storage to power the world efficiently and sustainably. Our team consists of top energy storage industry experts who provide performance-based solutions to optimize the value of energy for our customers. Our ecosystem of solar, EV charging, and energy efficiency experts allows our customers to combine energy storage and renewables easily and economically. Visit www.greencharge.net for more information.

About BYD

BYD is the world’s largest manufacturer of electric vehicles. Specializing in battery technologies, BYD’s mission is to solve our global energy challenge of reducing dependence on fossil fuels for transportation and power production. This model has made BYD an industry pioneer and leader in several high-tech sectors including high-efficiency automobiles, electrified public transportation and medium- and heavy-duty trucks, electric forklifts, energy storage, and solar power generation. BYD is the global leader in battery electric buses with more than 27,000 buses in service in communities in North America, South America, Asia and Europe.

As the world’s largest manufacturer of rechargeable batteries, their mission to create safer and more environmentally friendly battery technologies has led to the development of the BYD Iron Phosphate (or "Fe") Battery. This fire-safe, completely recyclable and incredibly long-cycle technology has become the core of their clean energy platform that has expanded into automobiles, buses, trucks, utility vehicles and energy storage facilities. BYD and its shareholders, including Warren Buffett, see these environmentally and economically forward products as the way of the future. For more information, visit www.byd.com/usa/energy.

Read more: BYD to Supply Batteries to Energy Storage Leader...

SEATTLE & SNYDER, Texas--(BUSINESS WIRE)--(NASDAQ: AMZN)—Amazon today announced that its largest wind farm yet—Amazon Wind Farm Texas—is now up and running, adding more than 1,000,000 MWh of clean energy to the grid each year. Amazon has launched 18 wind and solar projects across the U.S., with over 35 more to come. Together, these projects will generate enough clean energy to power over 330,000 homes annually. These projects also support hundreds of jobs and provide tens of millions of dollars of investment in local communities across the country.

Amazon Wind Farm Texas includes more than 100 turbines – each over 300 feet tall with a rotor diameter more than twice the wingspan of a Boeing 787. Amazon Wind Farm Texas is built, owned, and operated by Lincoln Clean Energy (LCE), an I Squared Capital portfolio company and a leading developer of wind and solar projects across the U.S. Amazon, LCE, and local officials and residents celebrated the grand opening of the wind farm with a BBQ event onsite. To thank and support the local community, Amazon is donating $50,000 to the Snyder Education Foundation to provide students and teachers with STEM learning opportunities.

“Investing in renewable energy is a win-win-win-win – it’s right for our customers, our communities, our business, and our planet,” said Kara Hurst, Amazon’s Worldwide Director of Sustainability. “We now have 18 wind and solar projects across the U.S. with more than 35 projects to come. These are important steps toward reaching our long-term goal to power our global infrastructure using 100% renewable energy. We’d like to thank the leaders at LCE, the Scurry County community, and our partners across the country who are helping us continue to bring new renewable energy online.”

“I applaud Amazon’s leadership in supporting renewable power. Corporations like Amazon have become a major force in the transition to renewable power, and with their involvement, we look forward to producing power in Scurry County for years to come,” said Declan Flanagan, founder and CEO of LCE.

“Scurry County has long been a hub for the energy industry and we’re excited to expand our commitment to wind power generation with Amazon and LCE. The wind industry has boosted the Texas economy with jobs, revenue to area landowners, and property taxes that support our schools,” said Scurry County Judge Ricky Fritz.

In addition to its investment in renewable energy, Amazon’s commitment to sustainability includes innovations like Frustration-Free Packaging programs, which eliminated more than 55,000 tons of packaging last year, the District Energy system at its HQ in Seattle that heats more than 3 million square feet of office space using recycled heat from a nearby non-Amazon data center, and more. You can learn about Amazon’s sustainability and environmental work at www.amazon.com/sustainability.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit www.amazon.com/about and follow @AmazonNews.

About Lincoln Clean Energy

Lincoln Clean Energy (LCE) is a leading developer of U.S. wind and solar projects with offices in Chicago, IL and Austin, TX. Since 2011, LCE has developed over 1,500 megawatts of renewable power projects in California, New Jersey, and Texas. LCE is a portfolio company of I Squared Capital and expects to deploy up to $250 million in equity investments through 2018. For more information, visit: www.lincoln-clean-energy.com.

Read more: Amazon Launches Biggest Wind Farm Yet –...

DUBLIN--(BUSINESS WIRE)--The "India Solar Energy Market Outlook to 2023" report has been added to Research and Markets' offering.

Wide range of drivers and challenges including feed-in-tariff, incentives, availability of finance from unilateral and bilateral agencies, significant investments across value chain and presence of key players are set to shape the future of India solar power market.

On the other hand, uncertainty of large projects, slow decline of prices beyond 2020, high capital expenditure, large installation area and increasing competition from alternative fuel sources are set to hinder India solar power market growth rates.

Technological advances in solar power market including increased efficiency, reduced overheads, reduced size of films, use of polymers and increase in new materials for solar power cells are set to boost incentives for increasing investments in solar power.

The India solar power market research report comprehensively provides drivers, challenges and potential opportunities confronting companies in the industry. The report also provides information on existing projects along with planned and under construction projects.

Further, key players operating in India solar power market- both domestic and international are detailed along with company, SWOT profiles of leading companies. In addition, recent developments in the India solar power market are also detailed.

Key Topics Covered:

1 Executive Summary

2 Research Scope and Methodology

3 Discussion on the India Solar Power Market

4 India Solar Power Markets - Emerging Market Dynamics

5 India Solar Power Markets - SWOT Analysis

6 India Solar Power Market Outlook

7 Key Companies in India Solar Power Sector - Business, SWOT and Financial Profiles

8. Recent Industry Developments

9 Appendix

For more information about this report visit https://www.researchandmarkets.com/research/66hj9q/india_solar

Read more: India Solar Energy Market Outlook to 2023 -...

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