| Source: Savosolar Oyj

multilang-release

Savosolar Plc
Press Release                   13 March 2019 at 12:50 p.m. (CET)

Savosolar's largest solar thermal system for Grenaa Varmevaerk in full operational use

Savosolar's largest turn-key solar thermal system so far, delivered for Grenaa Varmevaerk in Denmark, is now in full operational use as of Monday 11th of March. The complete field, its size of almost 21,000 m2 is now producing clean heat for the Grenaa district heating network.

Part of the collector field has been operational already few weeks, and during the start-up stage (the previous 3 weeks) it has produced enough energy to heat 22 normal houses for a full year. According to schedule, the whole field is now up and running. The system hand-over is still requiring some documentation and final adjustments.

"We are pleased to have the system fully operational and happy to deliver our largest solar thermal system in the company's history to Grenaa Varmevaerk. With this delivery in Denmark, one of the most competitive solar thermal markets in the world, we see a promising future when we now expand into new markets as the demand for our products strengthens further".

-Jari Varjotie, CEO.

SAVOSOLAR PLC

For more information:

Savosolar Plc
Managing Director Jari Varjotie
Phone: +358 400 419 734
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

About Savosolar
Savosolar with its highly efficient collectors and large-scale solar thermal systems has taken solar thermal technology to the next level. The company's collectors are equipped with the patented nano-coated direct flow absorbers, and with this leading technology, Savosolar helps its customers to produce competitive clean energy. Savosolar's vision is to be the first-choice supplier to high performance solar installations on a global scale. Focus is on large-scale applications like district heating, industrial process heating and real estate systems - market segments with a big potential for rapid growth. The company primarily delivers complete systems from design to installation, using the best local partners. Savosolar is known as the most innovative company in the business and aims to stay as such. The company has sold and delivered its products to 17 countries on four continents. Savosolar's shares are listed on Nasdaq First North Sweden with the ticker SAVOS and on Nasdaq First North Finland with the ticker SAVOH. www.savosolar.com.

The company's Certified Adviser is Augment Partners AB, This email address is being protected from spambots. You need JavaScript enabled to view it., phone: +46 8-505 65 172.

Read more: Savosolar's largest solar thermal system for...


Abstract

Access to reliable electricity is a prerequisite for the economic transformation of economies in Sub-Saharan Africa (SSA), especially in a digital age. Yet the electricity access rate in the region is often substantially low, households and businesses with access often face unreliable service, and the cost of the service is often among the highest in the world. This situation imposes substantial constraints on economic activities, provision of public services, adoption of new technologies, and quality of life. Much of the focus on how to best provide reliable, affordable, and sustainable electricity service to all has been on mitigating supply-side constraints. However, demand-side constraints may be as important, if not more important. On the supply side, inadequate investments in maintenance result in high technical losses; most state-owned utilities operate at a loss; and power trade, which could significantly lower the cost of electricity, is underdeveloped. On the demand side, the uptake and willingness to pay are often low in many communities, and the consumption levels of those who are connected are limited. Increased uptake and consumption of electricity will encourage investment to improve service reliability and close the access gap. Electricity Access in Sub-Saharan Africa shows that the fundamental problem is poverty and lack of economic opportunities rather than power. The solution lies in understanding that the overarching reasons for the unrealized potential involve tightly intertwined technical, financial, political, and geographic factors. The ultimate goal is to enable households and businesses to gain access to electricity and afford its use, and utilities to recover their cost and make profits. The report makes the case that policy makers need to adopt a more comprehensive and long-term approach to electrification in the region—one centered on the productive use of electricity at affordable rates. Such an approach includes increased public and private investment in infrastructure, expanded access to credit for new businesses, improved access to markets, and additional skills development to translate the potential of expanded and reliable electricity access into substantial economic impact. Enhancing the economic capabilities of communities is the best way to achieve faster and more sustainable development progress while addressing the broad challenges of affordability, low consumption, and financial viability of utilities, as well as ensuring equitable provision between urban and rural areas.
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Read more: Electricity Access in Sub-Saharan...

| Source: Savosolar Oyj

multilang-release

Savosolar Plc
Company Announcement            12 March 2019 at 8:00 a.m. (CET)

Savosolar Plc - Managers' Transaction, Ari Virtanen, March 2019

Person subject to the notification requirement

Name: Virtanen, Ari Tapani  
Position: Member of the Board/Deputy member
     
Initial Notification  
Reference number 743700J1YZ8IEJAPDL21_20190311204042_3  
Issuer
Name: Savosolar Plc
LEI: 743700J1YZ8IEJAPDL21
     
Transaction details
Transaction date: 2019-03-11
Venue: FIRST NORTH FINLAND (FNFI)
Nature of the transaction: Subscription
   
Instrument: Share
ISIN: FI4000123096
   
Volume: 600000
Unit price: 0.00500 Euro
   
Aggregated transactions  
Volume: 600000
Volume weighted average price: 0.00500 Euro

SAVOSOLAR PLC

For more information:

Savosolar Plc
Managing Director Jari Varjotie
Phone: +358 400 419 734
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Savosolar Plc discloses the information provided herein pursuant to the Market Abuse Regulation ((EU) No 596/2014, "MAR"). The information was submitted for publication by the aforementioned person on 12 March 2019 at 8:00 a.m. (CET).

About Savosolar

Savosolar with its highly efficient collectors and large-scale solar thermal systems has taken solar thermal technology to the next level. The company's collectors are equipped with the patented nano-coated direct flow absorbers, and with this leading technology, Savosolar helps its customers to produce competitive clean energy. Savosolar's vision is to be the first-choice supplier to high performance solar installations on a global scale. Focus is on large-scale applications like district heating, industrial process heating and real estate systems - market segments with a big potential for rapid growth. The company primarily delivers complete systems from design to installation, using the best local partners. Savosolar is known as the most innovative company in the business and aims to stay as such. The company has sold and delivered its products to 17 countries on four continents. Savosolar's shares are listed on Nasdaq First North Sweden with the ticker SAVOS and on Nasdaq First North Finland with the ticker SAVOH. www.savosolar.com.

The company's Certified Adviser is Augment Partners AB, This email address is being protected from spambots. You need JavaScript enabled to view it., phone: +46 8-505 65 172.

Read more: Savosolar Plc - Managers' Transaction, Ari...


Details

Author: Rudnick,Hugh ; Velasquez,Constantin ; 
Document Date: 2019/03/11 11:14:01
Document Type: Policy Research Working Paper
Report Number: WPS8772
Volume No: 1
 

Abstract

The Peruvian power market was established in 1992, amid serious supply constraints and financially distressed power utilities. Since its inception, the market has been adapted by competitive market reforms and adaptations due to government-driven public policy objectives. This paper analyzes the experience of Peru with power markets, including market design, implementation, and outcomes. A cost-based power pool with locational marginal prices was established overnight, with bilateral contracts among market participants and regulated capacity payments. After an initial period of rapid investment, sluggish capacity additions and a prolonged drought in 2003-04 motivated the successful introduction of competitive supply auctions in 2006, to ensure that needed capacity additions were made to meet demand growth. Competitive auctions for renewable capacity have also been successful, attracting investment at falling prices. However, the market has been adapted by the government, pushing technology-specific auctions to develop a balanced mix of gas and hydro power generation, with additional costs passed through to final customers. As a result, supply is less prone to hydrological conditions, but it is now subject to gas transport constraints; prices are depressed at US$9/megawatt hour; and the reserve margin increased to 81 percent in 2017. Overall, continuous adaptations to the Peruvian power market have delivered competitive outcomes, with concentration falling steadily and security of supply increasing over the past decade. However, the mixed approach of competitive forces and government-driven adaptations for public policy objectives calls into question the long-term efficiency of the market.
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Read more: Learning from Developing Country...

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