Advertisement
Advertisement
advertisement

Borealis and Borouge, leading providers of innovative, value-creating plastics solutions, announce the introduction of two new encapsulant film types based on two new Quentys™ polyolefin grades. The companies launched Quentys in 2017 as the umbrella brand for solar grades and products. Borealis Quentys PO encapsulant film now improves the operational reliability of photovoltaic modules throughout product lifetime, offering  better cost efficiency and a sustainable solution for PV modules.

This 54 megawatt (MW) solar project consists of three major work sites:

  • the site includes: the solar panels, racking, direct current electrical collection system, alternating current electrical system, inverters and associated infrastructure, access roads and perimeter fence
  • the connection line includes: overhead and underground electrical line circuits
  • the substation includes: electrical substation transformer, communication lines and related electrical infrastructure to connect the project to the transmission system.

The solar module manufacturer Astronergy is profiting from the favourable market conditions in the wholesale sector. The company has won over a majority of electrical and photovoltaics wholesale customers who previously obtained their modules from SolarWorld. Astronergy’s solar modules are produced in one of the world’s most cutting-edge factories at its Frankfurt (Oder) site, Germany, and are sold via wholesale partners.

OPES Solutions, a leading supplier of off-grid solar modules, will deliver over 100,000 special modules for rental bikes in May and June this year. With the help of the independent power supply provided by the OPES modules, the bikes are able to communicate actively with the lender at all times. As a result, maintenance and logistics concepts can be successfully implemented.

The commercial storage system manufacturer Tesvolt has been nominated for the renowned German Entrepreneur Award. The panel of judges has named the Wittenberg-based company as one of the top three finalists in the Rising Star category, rating it as being among the most successful start-ups in Germany of recent years. The German Entrepreneur Award is presented by ZDF, stern, Sparkasse and Porsche.

First fully automated storage system production facility

“We are delighted to have been nominated. Since being founded, Tesvolt has achieved an excellent rate of growth. We would never have imagined that our storage systems would have taken off so quickly around the world,” comments Daniel Hannemann, Managing Director of Tesvolt, who established the company with Simon Schandert in 2014. The two engineers started out by using their own savings to develop their very first prototype storage solution. “The demand was there and we both had a large network of connections in the photovoltaics industry,” recalls Hannemann.

The company soon found strong partners in the form of SMA and Samsung SDI. SMA Solar Technology supplies the powerful inverters used in Tesvolt’s storage systems, while Samsung provides the lithium-based prismatic high-efficiency cells of the kind used in state-of-the-art electric cars. “Our next venture is to develop a German gigafactory by planning the first fully automated and digitalised battery production plant in Germany,” says Hannemann. Tesvolt is continuing to grow and the number of staff members it employs in Wittenberg is expected to increase to 50 by the end of the year.

Battery management paved the way for the company’s success

“Our proprietary battery management system is the ultimate reason behind Tesvolt’s success,” says Simon Schandert, Director of Engineering at Tesvolt. “It makes Tesvolt storage systems especially durable and economical, both of which are essential criteria for anyone looking to invest in a large storage solution. While other storage units on the market fall short when it comes to cost efficiency, Tesvolt’s products pay for themselves within a few years – even without subsidies.”

The battery management system ensures that the battery cells are always charged and discharged in an ideal way. The active cell balancing is not only limited to the cells within a battery module, but the different battery modules are also optimised to fit with each other. This design is unique in the world. The Active Battery Optimizer monitors the temperature, voltage and state of charge of each individual cell or battery module, significantly boosting the cells’ lifespan. This gives Tesvolt storage systems a service life of up to 30 years, which is the equivalent of around 8,000 complete charge cycles with a depth of discharge (DoD) of 100 percent. At 92 percent, Tesvolt storage systems also achieve the highest efficiency rating found in the market.

Over 1,000 international projects

More than 1,000 customers are already using Tesvolt storage solutions worldwide. For example, in the capital of Kazakhstan, Astana, Tesvolt storage units help to ensure that the city’s exhibition centre has a secure power supply. In Rwanda, meanwhile, battery power is used to supply one of the largest water pump projects in the world and in Mali Tesvolt storage systems provide 250,000 people with solar power.

Enphase Energy Inc, a global energy technology company and the world’s leading supplier of solar microinverters, has announced Eric Branderiz has been appointed vice president and chief financial officer, effective today. Mr. Branderiz succeeds Bert Garcia, who will support an orderly transition of duties.

EuPD is a neutral research institution, which enjoys a high reputation in European PV industry, committed to providing authoritative market intelligence on sustainable industries and provides. Its Top Brand PV represents a brand’s success in Europe. This award is through multi-levels polls and scientific analysis of installers and middlemen which are from European PV stations and mainstream market countries, to select one manufacturing enterprises which has high performance on brand satisfaction, brand loyalty, product quality, promotion efficiency and other indicators.

Following the recommendation of the independent directors of Gencan, the Purchase Agreement was approved by the Gencan Board of Directors. A complete copy of the Purchase Agreement can be found on SEDAR at www.sedar.com.

The Purchase Agreement provides for the sale by Gencan to Highroad of Gencan’s renewable power solar PV rooftop assets. The Photovoltaic Plant is located on an approximately 120,000 square foot portion of the roof at 450 Dobbie Drive, Cambridge, Ontario pursuant to a lease agreement with Genterra Capital Inc., the owner of the leased premises. The Photovoltaic Plant generates solar energy for utility, commercial and residential customers under a 20 year Feed-In Tariff Program Contract with the Ontario Power Authority. The sale of the Photovoltaic Plant represents the sale of all or substantially all of the assets of Gencan.

The consideration to be paid by Highroad to Gencan for the Photovoltaic Plant is an aggregate of $2,635,000 and consists of: a) a cash payment of $577,030; and b) an assumption of a loan payable by Gencan to Genterra in the amount of $2,057,970.

Genterra and Highroad is each a “related party” of Gencan as defined by Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. A “related party” includes, among other things, a control person of the entity and an affiliate of the control person. Genterra is considered a control person by virtue of its ownership of 12,564,188 Common Shares of Gencan and Highroad is an affiliate of Genterra.

In connection with the proposed sale, Corporate Valuation Services Limited, which was engaged by Gencan as an independent valuator, has provided a valuation of the Photovoltaic Plant, in accordance with Multilateral Instrument 61-101. The valuation report provides that as at March 31, 2018, subject to the scope of review, assumptions, qualifications, considerations and limitations set forth therein, the estimate of fair market value of the Photovoltaic Plant is $2,635,000. Particulars of the valuation will be provided to shareholders with the meeting materials. Based on the conclusions of Corporate Valuation Services Limited, among other matters considered, the Directors unanimously determined that the proposed transaction is in the best interests of Gencan and is fair, from a financial point of view, to the minority shareholders of Gencan.

The Closing Date of the Transaction is expected to occur on or about July 4, 2018, following the receipt of approval of the shareholders of Gencan, and upon satisfaction of all the conditions in the Purchase Agreement.

Full details of the transaction will be included in Gencan’s management information circular which is expected to be mailed to shareholders on or about June 1, 2018 for a meeting to be held on June 28, 2018.

This news release is for information purposes only and is not a substitute for the definitive agreement which will effect the proposed transaction. There can be no assurance that the conditions of closing will be satisfied, or that the transaction will be completed as proposed or at all.

This news release may contain forward-looking statements that involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in forward-looking statements.

Gencan Capital Inc. is a Canadian Company with significant interests in solar generation equipment located in Ontario, Canada.

State-run power sector financier Rural Electrification Corporation (REC) today announced its commitment of USD 1 million to International Solar Alliance (ISA). "In view of the World Environment Day 2018, REC contributed USD one million to the International Solar Alliance (ISA) becoming a corpus contributor," an REC statement said.

Statkraft, Europe’s largest generator of renewable energy and Bharat Light and Power (BLP), have agreed to end the partnership. BLP has agreed to sell its stake in the joint venture Statkraft BLP Solar Solutions Private Limited (SBSS) to Statkraft.

SBSS provides distributed solar solutions to the commercial & industrial segment in India.

 Tejpreet S. Chopra, Managing Director, BLP said, “The transaction is in line with BLP’s strategy of optimizing value across its business lines.  BLP and Statkraft have created a leading venture which has successfully commissioned projects across India, and developed a strong brand in the distributed solar space. We wish to thank Statkraft for a fantastic partnership, and wish Statkraft the very best in their future endeavours.”

 ”The cooperation between Statkraft and Bharat Light and Power has been a success. In 2015 we agreed to jointly explore various business models for solar development in India. Now, as these ambitions have successfully been accomplished, we have agreed to independently pursue our respective business ideas within the solar sector in India. We would like to use the opportunity to thank TP Chopra and BLP for the cooperation.” says Statkraft’s CEO Christian Rynning-Tønnesen.

Marthe Hoff, Senior Vice President International Markets, is enthusiastic about the future:

“The talented and motivated employees of SBSS are committed to realize Statkraft’s ambition to be the preferred supplier of renewable, innovative and cost efficient energy solutions for Commercial and Industrial companies across India. Statkraft will scale up its effort and combine local expertise with the international experience the company has accumulated from more than 120 years of operation.”

 

Subcategories

The best, latest and most trending news from across the global solar industry. Your daily scoop of exclusive hand-picked solar technology updates and news articles.

Page 2 of 1280

Advertisement
Advertisement

UPCOMING EVENTS

SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter Masterclass on E-Vehicle Charging Infrastructure Bengaluru 2019 is almost here! Buy your ticket today… https://t.co/wP1AYHXhh4
Thursday, 18 July 2019 10:30
SolarQuarter SolarRoofs Rajasthan 2019 is almost here! Buy your ticket today https://t.co/OXmfoDpjgf See you on Jul 19, 2019!
Thursday, 18 July 2019 06:04
SolarQuarter EV Charging Infrastructure Masterclasses Are Here, Join Us Tomorrow In Bengaluru - https://t.co/NXuEM9cZZU
Wednesday, 17 July 2019 08:20