| Source: Savosolar Plc

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Savosolar Plc
Company Announcement                   22 January 2019 at 8:55 a.m. (CET)

Savosolar updates its outlook for the fiscal year 2018

Savosolar Plc ("Savosolar" or the "Company") updates its revenue estimate and lowers its EBIT estimate for 2018. Full-year revenue is expected to be around EUR 5.8 million, an increase of approximately 600 percent and the operating loss is expected to be around EUR 5.0-5.3 million, so approximately 5-10 percent higher than in 2017.

The main reasons for the increase in revenue are the Company's large delivery projects to Denmark and France during the second half of 2018 and continuing still during the beginning of 2019.

The main reasons for increase in operating loss are the liabilities incurred during 2018 relating to collector models manufactured by the Company in its early days, between 2013 and 2015, and higher than expected project execution costs in the Company's projects in Denmark.

Savosolar's previous outlook on 27 August 2018 stated the following:

"Savosolar estimates that the company's full-year revenue 2018 will be higher than in 2017, when it was EUR 831 thousand. The company estimates that the full-year operating result (EBIT) will be better than in 2017, when the operating result amounted to EUR -4.8 million."

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 22 January 2019 at 8:55 a.m. (CET).

Savosolar in brief

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 updates its outlook for the fiscal...

| Source: Statkraft AS

Madrid/Düsseldorf, 21 January 2019. FORTIA ENERGIA, the Spanish energy sourcing platform for large industrial consumers, and Statkraft, the largest producer of renewable energy and leading market access provider in Europe, have signed the first long-term power purchase agreement for large industrial customers in Spain and Portugal.

For a period of ten years Statkraft will supply 3000 GWh electricity to FORTIA, that manages the power supply of large industrial companies in the steel, cement, metallurgy, chemical, paper and industrial gases sectors in the Iberian market. The energy will be sourced from Statkraft's Spanish portfolio which primarily consists of new wind and solar projects currently under construction.

"With the signing of this agreement, FORTIA contributes to the development of renewable energy projects, while ensuring long-term supply for the energy intensive industry at competitive and predictable prices," says Juan Temboury, Managing Director at FORTIA. "We very much look forward to taking that next step in the energy transition together with our customers."

Statkraft has closed several power purchase agreements (PPA) for both, fully merchant projects as well as projects that were granted permission/won the tender in the Spanish auctions. "After having made an essential contribution to the development of the Spanish PPA market during last year, we are very excited to supply this electricity to the Iberian industrial market," says Hallvard Granheim, Executive Vice President Markets & IT at Statkraft. "This contract underlines our leading position in the European PPA market and our commitment to powering major industrial companies across Europe with renewable energy."

FORTIA has been operating in the wholesale markets for more than ten years and, with annual sales of 11 TWh on average, it is the largest independent supplier in the Iberian Electricity Market. The recently signed agreement is part of FORTIA's strategy to provide the industry with competitive, diversified and balanced access to energy markets through new contractual models such as PPAs which are an opportunity for producers and consumers in the context of the Energy Transition. With this agreement, FORTIA starts a portfolio that expects to increase substantially in the coming months.

As the leading PPA provider, Statkraft is bringing together pan-European electricity producers and companies from trade and industry, and is developing new concepts that add value to both sides. Customers benefit from decades of experience in supplying renewable energy at long-term predictable and competitive prices. With a portfolio of circa 16,000 MW, Statkraft is one of the largest managers of renewable assets on behalf of third parties in Europe. It is owned by the Norwegian Government and has an A-credit rating.

About FORTIA ENERGIA: 

FORTIA emerged as an innovative solution for energy sourcing in 2007. It was created by a group of 20 key Spanish large energy-intensive users that represent almost 4% of the demand of the Iberian Electricity Market (MIBEL). Overall it supplies more than 100 production sites in Spain and Portugal, all of them offering a very flexible consumption profile and providing demand-side services to the market (www.fortiaenergia.es).

About Statkraft:

Statkraft is a leading company in hydropower internationally and is Europe's largest generator of renewable energy. The Group produces hydropower, wind power, solar power and gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has 3,500 employees in 15 countries.

Contact:

FORTIA ENERGIA S.L.

Cesar Rodriguez
Tel.: +34 91 405 8883
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it. 

Juan Temboury
Tel.: +34 91 405 8882
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Statkraft Markets GmbH

Anne Joeken, Communication
Tel.: +49 (0)211 60244 166 | Mob.: +49 (0)163 9120014
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Judith Tranninger, Communication
Tel.: +49 (0)211 60244 166 | Mob.: +49 (0)163 9120014
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Social media:

  • YouTube: http://www.youtube.com/user/StatkraftChannel
  • Twitter: http://twitter.com/Statkraft
  • Instagram: https://www.instagram.com/statkraft
  • Facebook:
Read more: FORTIA ENERGIA and Statkraft sign first...

| Source: RGS Energy

DENVER, Jan. 16, 2019 (GLOBE NEWSWIRE) -- RGS Energy (NASDAQ: RGSE), the exclusive worldwide manufacturer of the visually stunning POWERHOUSE™ solar shingle system, reports that the California Energy Commission has approved the  POWERHOUSE™ 3.0 solar shingle system and added it to the commission’s list of Eligible Photovoltaic (PV) Modules.

“The California Energy Commission stamp of approval allows us to sell POWERHOUSE™ in California, the nation’s largest solar market,” said Dennis Lacey, RGS Energy’s CEO. “We see POWERHOUSE™ as having the best combination of aesthetics and value for homeowners, roofers and new homebuilders looking to comply with California’s new mandate that requires almost all new homes under three stories be equipped with solar power beginning next year.”

RGS Energy has already successfully manufactured its first solar shingles, now available for shipment, and began accepting purchase orders for POWERHOUSE™ 3.0.

About RGS Energy 

RGS Energy (NASDAQ: RGSE) is America’s Original Solar Company providing solar, storage and energy services whose mission is clean energy savings. The company is the exclusive manufacturer of POWERHOUSE™, an innovative in-roof solar shingle using technology developed by The Dow Chemical Company. RGS Energy also sells, designs and installs traditional retrofit solar systems for residential homeowners, commercial businesses, non-profit organizations and government entities. 

For more information, visit RGSEnergy.com and RGSPOWERHOUSE.com, on Facebook at www.facebook.com/RGSEnergy and on Twitter at twitter.com/rgsenergy. Information on such websites and the websites referred to above in this press release is not incorporated by reference into this press release.

RGS Energy is the company’s registered trade name. RGS Energy files periodic and other reports with the SEC under its official name “Real Goods Solar, Inc.”

POWERHOUSE™ is a trademark of The Dow Chemical Company, used under license.

Investor Relations Contact
Ron Both
Managing Partner, CMA
Tel 1-949-432-7566
This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Denver, Colorado, UNITED STATES

  http://www.rgsenergy.com

RGS_rethink_your_roof_logo_outlined.jpg
RGS_rethink_your_roof_logo_outlined.jpg

Formats available:

Read more: RGS Energy’s POWERHOUSE™ Solar Shingle System...



Abstract

This is the fourth in the series of ten good practice notes under the Energy Sector Reform Assessment Framework (ESRAF), an initiative of the Energy Sector Management Assistance Program (ESMAP) of the World Bank. ESRAF proposes a guide to analyzing energy subsidies, the impacts of subsidies and their reforms, and the political context for reform in developing countries. This good practice note provides those working on consumer price subsidy reforms, in particular social scientists, with hands-on, practical guidance for using certain qualitative research tools to help fully understand the distributional impacts of higher prices on households. It focuses primarily on the direct effects of energy price subsidies (that is, higher energy prices), which are especially pronounced in middle-income countries. The good practice note aims to illustrate how qualitative research tools—focus group discussions and in-depth interviews—can be utilized in the context of energy subsidy reforms. By using such tools, this note aims to guide researchers and policy advisers to better understand the energy use behavior of households, the impacts of higher energy prices on their lives, the ways households may adjust their energy use behavior in response, and the consequences of such coping strategies.
 
 
Read more: Incidence of Price Subsidies on...

| Source: Consolidated Edison, Inc.

NEW YORK, Jan. 17, 2019 (GLOBE NEWSWIRE) -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 74 cents a share on its common stock, payable March 15, 2019 to stockholders of record as of February 13, 2019, an annualized increase of 10 cents over the previous annualized dividend of $2.86 a share.

“The increase in the dividend, the 45th consecutive annual increase for stockholders, reflects our continued emphasis on providing a return to our investors while meeting the needs of our customers,” said Robert Hoglund, Con Edison’s senior vice president and chief financial officer. The increase continues the longest period of consecutive annual dividend increases of any utility in the S&P 500 index. For 2019, the company expects to exceed its previously provided payout range of 60% to 70% of adjusted earnings as a result of non-cash earnings impact from its Sempra Solar acquisition.

This press release contains a forward-looking statement that reflects an expectation and not a fact. Actual results may differ materially from this expectation because of factors such as those identified in reports the company has filed with the Securities and Exchange Commission. Con Edison assumes no obligation to update forward-looking statements. This press release also refers to a financial measure, adjusted earnings, that is not determined in accordance with generally accepted accounting principles in the United States of America (GAAP). This non-GAAP financial measure should not be considered as an alternative to net income (which is an indicator of financial performance determined in accordance with GAAP) and may exclude from net income amounts that the company does not consider indicative of its ongoing financial performance.

Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $12 billion in annual revenues and $50 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc., a regulated utility providing electric, gas and steam service in New York City and Westchester County, New York; Orange and Rockland Utilities, Inc., a regulated utility serving customers in a 1,300-square-mile-area in southeastern New York State and northern New Jersey; Con Edison Clean Energy Businesses, Inc., which through its subsidiaries develops, owns and operates renewable and energy infrastructure projects and provides energy-related products and services to wholesale and retail customers; and Con Edison Transmission, Inc., which through its subsidiaries invests in electric and natural gas transmission projects.

Contact: Robert McGee
212-460-4111

Consolidated Edison, Inc.

New York, New York, UNITED STATES

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conEd.jpg

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Read more: Con Edison Declares Common Stock Dividend


Details

Author: Bachmair,Fritz Florian ; Aslan,Cigdem ; Maseko,Mkhulu ; 
Document Date: 2019/01/15 11:47:02
Document Type: Policy Research Working Paper
Report Number: WPS8703
Volume No: 1
 

Abstract

The South African government offers various support mechanisms to support Eskom, the state-owned electric utility, and the independent power producers in providing low-cost electricity, including credit and payment guarantees. Guarantees constitute contingent liabilities to the government and pose risks to government finances. This note illustrates the methodologies explored by South Africa to assess the credit risk from guarantees extended to Eskom. To manage and closely monitor this risk, a dedicated Credit Risk directorate in the Asset and Liability Management division at the National Treasury of South Africa has implemented a risk assessment and management framework, supported by the World Bank Treasury. The team developed a sector-specific internal credit rating methodology to assess Eskom's creditworthiness. Additionally, the team developed a scenario analysis methodology to assess Eskom's ability to service debt from cash flows and cash reserves. The scenario analysis tool is currently used on an ad hoc basis to feed into the various scenarios that are considered for the budget process. Risk assessments are reported to the Fiscal Liabilities Committee on a quarterly basis for risk monitoring and to support recommendations for taking on new contingent liabilities, such as government guarantees. The Fiscal Liabilities Committee advises the minister of finance and is responsible for the determination of the processes and policies for approving guarantees and guarantee-like transactions. The Fiscal Liabilities Committee is generally mandated to promote the optimum management of the government's contingent liabilities, including guarantees. The implementation of further risk mitigation and monitoring tools, such as risk-based guarantee fees, budget allocations, and a contingency reserve account, is under discussion.
Show More
 
 
Read more: Managing South Africa s Exposure to...

| Source: Scatec Solar ASA

Oslo, 11 January 2019: Scatec Solar ASA will release its fourth quarter results on Friday, 25 January 2019 at 07:00 (CET).

A presentation of the results will be held on the same day at 08:00. The location of the presentation is Høyres Hus (6th floor), Stortingsgata 20, Oslo. The presentation and Q&A session can be followed through a live webcast from our website on: http://webtv.hegnar.no/presentation.php?webcastId=97601935

For further information, please contact:
Ingrid Aarsnes, VP Communication & IR
Tel: +47 950 38 364, This email address is being protected from spambots. You need JavaScript enabled to view it. 

About Scatec Solar
Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable clean energy worldwide. A long- term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants and has an installation track record of more than 1 GW. The company has a total of 1.6 GW in operation and under construction in Argentina, Brazil, the Czech Republic, Egypt, Honduras, Jordan, Malaysia, Mozambique, Rwanda, South Africa and Ukraine.

With an established global presence and a significant project pipeline, the company is targeting a capacity of 3.5 GW in operation and under construction by end of 2021. Scatec Solar is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol 'SSO'. To learn more, visit www.scatecsolar.com.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Read more: Invitation to presentation of Scatec Solar ASA's...



Abstract

Environmental conditional cash transfers, or "payments for ecosystem services" are a centerpiece of global efforts to protect biodiversity, safeguard watersheds, and mitigate climate change by reducing forest loss. This paper evaluates the impacts of Mexico's national payments for ecosystem services program, which provides five years of payments to landowners in exchange for maintaining and managing natural land cover. Using a regression discontinuity design, the paper studies impacts on environmental, socioeconomic, and social capital outcomes for the 2011-14 program cohorts. The analysis finds that treated communities increased management activities to protect land cover, such as patrolling for illegal conversion or combatting soil erosion (by 48 percent compared to controls). The program reduced the loss of tree cover in areas at high risk of deforestation (by 29 percent compared to controls), with effects being larger for those that have been in the program the longest (38 percent compared to controls). These results are similar to estimates of impact for earlier program cohorts and continue to highlight the importance of targeting the program to areas of high risk of land cover loss to increase environmental effectiveness. The program continued to reach poor communities and households, but estimated impacts on household wealth indicators are small in magnitude and not statistically significant. These results indicate that community-level conditional payments did not harm household-level socioeconomic indicators, a key safeguard requirement of conservation policies of the United Nations Programme on Reducing Emissions from Deforestation and Forest Degradation. The data also show that payments for ecosystem services significantly increased community social capital -- the institutions, attitudes, and values that govern human interactions -- (by 9 percent compared to controls), and these externally provided incentives did not crowd out household contributions to other community work.
Show More
 
 
Read more: Can Environmental Cash Transfers...


Abstract

The impact of urban form on economic performance and quality of life has been extensively recognized. The studies on urban form have focused in developed countries; only a few cities in developing countries have been studied. This paper utilizes nighttime lights imagery and information on street networks, automatically retrieved from OpenStreetMap, to calculate a series of spatial metrics that capture different aspects of the urban form of 919 Latin American and Caribbean cities. The paper classifies these cities into clusters according to these spatial metrics. It also studies the relationship between the urban form metrics and some factors that can correlate with urban form (topography, size, colony, and economic performance) and performs a spatio-temporal analysis of urban growth from 1996 to 2010. Among the results, the paper highlights the identification of five typologies of cities, the tendency of a group of cities to grow at a steeper slope, some worrying cases of urban growth over protected areas, and a trend toward increasing sprawl in some Latin American and Caribbean cities.
 
 
Read more: Spatio-Temporal Dynamics of Urban...


Abstract

The World Bank has been supporting a comprehensive program to strengthen cooperative management and development within the Zambezi River Basin. This program provides regional financing and analytical work that brings together the various commitments within a World Bank-financed portfolio of more than USD 2  billion to facilitate dialogue among the riparian states and further drive the development of climate-resilient water resources for sustainable growth. The application of the Hydropower Sustainability Assessment Protocol in the Zambezi River Basin represents part of this broader program of support to the riparian states toward enhancing development outcomes through improved cooperation and sustainable development. The Hydropower Sustainability Assessment Protocol is a multi-stakeholder tool that evaluates the performance of hydropower projects against globally-applicable sustainability criteria for basic good practice and proven best practice. This Program Report reflects on the project design, objectives, results, and lessons learned from the experience of using the Protocol for guided self-assessment with three hydropower operators in the basin: the Zambezi River Authority, Zesco, and Hidroeléctrica Cahora Bassa.
 
 
Read more: Application of the Hydropower...

Details

Author: Hamilton,Kirk E. ; Naikal,Esther G. ; Lange,Glenn-Marie ; 
Document Date: 2019/01/16 08:30:04
Document Type: Policy Research Working Paper
Report Number: WPS8704
Volume No: 1
Country: World ; 
Disclosure Date: 2019/01/16 08:27:36
Doc Name: Natural Resources and Total Factor Productivity Growth in Developing Countries : Testing A New Methodology
Keywords: Natural Resources; total factor productivity growth; Operational Core Curriculum; Upper Middle Income Countries; natural resource rent; factor of production
Language: English
Region: The World Region ; 
Rep Title: Natural Resources and Total Factor Productivity Growth in Developing Countries : Testing A New Methodology
Topics: Energy ; Water Resources ; Agriculture ; Industry ; Poverty Reduction
SubTopics: Global Environment ; Energy and Natural Resources ; Coastal and Marine Resources ; Food Security ; Oil Refining & Gas Industry ; Inequality
Unit Owning: Off of Sr VP Dev Econ/Chief Econ (DECVP)
Collection Title: Policy Research working paperno. WPS 8704
Show More
 

Abstract

Estimates of total factor productivity growth, a measure of increases in the efficiency of production, have traditionally been based on a two-factor model of labor and fixed capital. Because profits are measured residually in the System of National Accounts, they implicitly include rents on natural resource exploitation, with the result that the contribution of fixed capital to growth in the inputs to gross domestic product is misstated, particularly in resource dependent developing countries. This leads to incorrect measures of total factor productivity growth. Using data on natural resources from the World Bank's Wealth of Nations database and methods combining the Solow growth accounting model with recent work at the Organisation for Economic Co-operation and Development, this paper makes new estimates of total factor productivity growth for 74 developing countries over 1996-2014. In the aggregate, including natural resources as a factor of production increases estimated total factor productivity growth across all country income classes and regions of the world when compared with the traditional two-factor approach. In addition, the estimated total factor productivity growth including natural resources is less volatile over time in the great majority of countries compared with the traditional approach. The availability of World Bank data on natural resource quantities and rents for a wide range of countries suggests that natural resources should be included in total factor productivity growth estimation going forward. Further research could focus on the distinctive roles played by different natural resource endowments.
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Click here to see PDF filePDF  37 pages Official Version 1.09 (approx.)
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Read more: Natural Resources and Total Factor...


Abstract

This paper takes a first look at the trade effects of China's Belt and Road Initiative, also referred to as the New Silk Road, on the 71 countries potentially involved. The initiative consists of several infrastructure investment projects to improve the land and maritime transportation in the Belt and Road Initiative region. The analysis first uses geo-referenced data and geographical information system analysis to compute the bilateral time to trade before and after the Belt and Road Initiative. Then, it estimates the effect of improvement in bilateral time to trade on bilateral export values and trade patterns, using a gravity model and a comparative advantage model. Finally, the analysis combines the estimates from the regression analysis with the results of the geographical information system analysis to quantify the potential trade effects of the Belt and Road Initiative. The paper finds that (i) the Belt and Road Initiative increases trade flows among participating countries by up to 4.1 percent; (ii) these effects would be three times as large on average if trade reforms complemented the upgrading in transport infrastructure; and (iii) products that use time sensitive inputs and countries that are highly exposed to the new infrastructure and integrated in global value chains have larger trade gains.
 
 
Read more: Trade Effects of the New Silk Road...


Abstract

This paper takes a first look at the trade effects of China's Belt and Road Initiative, also referred to as the New Silk Road, on the 71 countries potentially involved. The initiative consists of several infrastructure investment projects to improve the land and maritime transportation in the Belt and Road Initiative region. The analysis first uses geo-referenced data and geographical information system analysis to compute the bilateral time to trade before and after the Belt and Road Initiative. Then, it estimates the effect of improvement in bilateral time to trade on bilateral export values and trade patterns, using a gravity model and a comparative advantage model. Finally, the analysis combines the estimates from the regression analysis with the results of the geographical information system analysis to quantify the potential trade effects of the Belt and Road Initiative. The paper finds that (i) the Belt and Road Initiative increases trade flows among participating countries by up to 4.1 percent; (ii) these effects would be three times as large on average if trade reforms complemented the upgrading in transport infrastructure; and (iii) products that use time sensitive inputs and countries that are highly exposed to the new infrastructure and integrated in global value chains have larger trade gains.
 
 
Read more: Trade Effects of the New Silk Road...

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