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EIB Joins Forces With Natixis To Co-Finance The Construction Of Nine Solar Power Plants In Spain

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During the recent climate change conference, COP 25, in Madrid, the European Investment Bank (EIB) signed two major agreements to further the renewable energy agenda in Spain. The EIB, which has hiked its climate focus with a view to becoming the EU’s climate bank, will provide EUR 66m to investment bank Natixis to support the implementation of two photovoltaic solar energy projects in Spain. Both projects will help Spain reach its goal of ensuring that 42% of the energy it uses comes from renewable sources by 2030, as set out in the National Energy Plan. The agreement was signed at COP25 by the EIB Vice-President responsible for climate action, Emma Navarro, and Natixis’ most senior representative in Spain, Jean-Philippe Adam.

Eight solar power plants in Extremadura, Aragón and Castilla y León
Firstly, the EIB will provide EUR 25m to Natixis to build eight solar power plants with a capacity of 254 MW. It will generate 438 GWh of electricity per year from photovoltaic energy, thereby avoiding the release of 204,000 tonnes of CO2 into the atmosphere. Three of these plants will be in the municipality of Tordesillas, Valladolid. Three further plants will be built in Salamanca (two in Valdelosa and one in Palacios del Arzobispo), another in the municipality of Casatejada in Cáceres, and lastly, one in Huesca, in the municipality of Poleñino. The project will employ 400 people during the implementation phase and 50 on a permanent basis.

The plants are owned by Solaria Energía y Medio Ambiente S.A (also the project’s developer, builder and operator). Solaria is a Spanish company that specialises in the photovoltaic sector and was among the successful bidders in the tender for new renewable electrical energy production facilities held in Spain in July 2017.

Solar power in Andalusia

The second solar power project supported by the EIB will be in Alcalá de Guadaira, Seville, with the EU bank providing EUR 41m to Natixis to finance its construction. The project promoter is Spanish company Novasol Invest La Isla, which is located in Seville and was also a successful bidder in the 2017 renewable energy tender.


This complex will have a total capacity of over 182 MW and will be capable of generating 341 GWh of electricity a year, without producing polluting emissions of any kind, while preventing the release of 127,000 tonnes of CO2. The project will employ 300 people in Andalusia during the implementation phase and 40 on a permanent basis to operate the plant.

At the signing ceremony during the COP25 Climate Change Conference at IFEMA in Madrid, EIB Vice-President Emma Navarro, responsible for the Bank’s climate action and its activities in Spain,

highlighted the positive impact of both projects in helping to achieve the EU’s climate targets, “The EIB will make a substantial contribution to these ambitious goals by mobilising up to EUR 1tn in financing to promote the transition to a new economic model. Spain is being asked to play a key role in the transition to a low-carbon economy. Projects like this demonstrate the direct positive impact of EIB activity on investments promoting clean energy in our country, while also helping to create jobs.”


Head of Natixis in Spain Jean Philippe Adam pointed out the important role that the financing plays in the fight against climate change and Natixis’ active contribution to financing renewable assets across the globe. Natixis is the first financial company to actively manage the climate impact of its balance sheet, incorporating a tool (unprecedented in the market) that measures the climate impact of each asset by applying a Green Weighting Factor.

The EIB and climate action
The EIB is among the world’s largest multilateral providers of green finance. The Bank’s goal is to be a leader in mobilising the finance needed to keep global warming to under 2 ˚C and limit temperature rises to 1.5 ˚C in order to meet the Paris Agreement objectives. On 14 November, the EIB Board of Directors approved its new climate objectives and the new energy lending policy. The Bank will gradually increase its financing for climate and environmental objectives up to 50% by 2025, with the goal of ensuring that the EIB Group mobilises at least EUR 1tn by 2030 to promote investments helping to meet these objectives. It also announced its intention to align all EIB Group activities with the Paris Agreement. To this end, the EIB will cease financing fossil fuel-based projects by the end of 2021.


In 2018, the EIB provided almost EUR 1.3bn to support climate action in Spain by financing projects involving the development of cleaner means of transport and implementation of new, less polluting and more environmentally friendly, production processes.


The European Investment Bank (ElB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investments to contribute towards EU policy objectives.

Good, But Not Good Enough: Solar Energy Growth In Light Of The Paris Agreement

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Today more than ever, people throughout the world are concerned about the pace in tackling climate change. With increasing evidence about the impact of GHG emissions already visible today, they demand swift and decisive action. Steve O’Neil, CEO of REC Group, emphasizes the decisive role of solar to reduce greenhouse gas emissions:

“Roughly one third of energy-related emissions worldwide derive from the power sector. To live up to the Paris Agreement, we therefore need a fundamental and quick change of our energy systems in the decades to come – with solar being at the forefront of this global energy transition. Solar PV is the only renewable energy source, which can be deployed quickly enough at feasible sizes, on rooftops, the ground and water without any externalities. Cumulated solar PV installations in the past four years exceeded the 2015 forecast by 36 percent. This is good, but not good enough. At REC Group, we truly believe in empowering consumers via solar energy and high-end products to successfully mitigate climate change.”

Acknowledging the crucial role solar has to play in future energy generation, REC Group published the study “Closing the COP21 Gap by going solar” in June 2016. As one of the first of its kind, the study investigates the required solar capacity to stay in line with the 2°C and 1.5°C goal as stipulated in the Paris Agreement. This analysis is conducted globally and across some REC Group’s key markets – the US, Germany, India, Japan, the Netherlands and Belgium. The good news is that annual solar growth rates until 2019 outpaced projections made prior COP21. REC Group’s market analysts expect that global solar installations are about to reach roughly 120 GW in 2019 while projections based on 2015 trends forecasted only 81 GW. The increase was partly facilitated by the momentum created by the Paris Agreement but most importantly fostered by the sharp decrease in PV system costs.

However, with 396 GW installed in 2016 – 2019, the world is falling short by 20 GW to limit global warming to 2°C; and 80 GW to 1.5°C while the global energy demand is constantly increasingly. Already by 2025, up to 4,500 GW of additional solar capacity on top of actual forecasts will be required. Considering the broad application potential of solar also in other sectors like transportation and heating, the demand for solar deployment would be even much higher.

COP25 is the next chance to ratchet-up international climate ambitions by agreeing on rules for market mechanisms or delivering more detailed plans to enhance nationally determined contributions by 2020, which must be in line with reducing greenhouse gas emissions by 45 percent over the next decade – and to net zero emissions by 2050.

REC Group is calling for increased efforts of the international community to close the emission gap and avoid accelerating the impact of climate change. The solar industry as well needs to be more ambitious with innovative products that empower homeowners and businesses to reduce their emissions. REC Group’s game changing REC Alpha Series with increased efficiency by 20 percent is an essential milestone, offering industry-beating power of up to 380 watt-peak in a 60- cell format, allowing for maximized savings for rooftop owners. With the REC Alpha, REC Group is bringing a product to the market, which leads the shift to a cleaner and greener future.

Iberdrola Advances Towards Zero Emissions In Europe By 2030

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Iberdrola’s Chairman and CEO, Ignacio Galán, stated today that the company will have virtually zero emissions in Europe by 2030 and maintained the commitment to achieve global emissions neutrality by 2050. The commitment was made to the Secretary General of the United Nations, Antonio Guterres, during his speech at the high-level meeting ‘Caring for Climate’, organized by the UN Global Compact at COP25.

During his participation in the panel ‘Our only future – the Role of the Private Sector in Reaching 1,5°C and Net-Zero’, Galán discussed the company’s strategy to support the transition to a low-carbon economy, which began 20 years ago.

As it stands today, Iberdrola’s emissions are a quarter of those of its European competitors. “Our commitment to renewable energy means we have already reached a level of zero emissions in many of the countries where we operate, such as the United Kingdom, Germany or Portugal,” explained Galán.

To reach this leadership position, Iberdrola has invested more than 100 billion dollars since 2001 in new renewable energy, smart grids and efficient storage and the company will continue to devote more than $10 billion per year to these activities. The investment has allowed the company to grow globally and become a world leader in wind power, network digitization and green finance.

Ignacio Galán stated that Iberdrola’s model shows that the transition to a green, low-carbon economy is a source of opportunities. He said: “We have supported transformation in intensive industries that were in decline, such as shipyards, and encouraged the launch of entirely new companies, like some of those working with us to deliver smart meters or components for photovoltaic plants or offshore wind farms.”

In this transition, the electricity sector, responsible for 25% of emissions, plays a key role: it is necessary to replace polluting technologies with renewable energy while promoting the electrification of other industries such as transport and heating.

Galán also reiterated the need to take immediate action, in line with the ethos of COP25. 

“The energy transition is feasible. We have the necessary technology at an affordable cost, but we have little time. The time for action is now”, said Galán. He added: “As the European Commission says, this is an opportunity for an industrial renaissance, creating jobs and wellbeing for everyone”.

IREDA To Create A Green Window For Green Energy Finance: Shri Anand Kumar

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Shri Anand Kumar, Secretary for the Ministry of New and Renewable Energy (MNRE) stated that the Indian Renewable Energy Development Agency (IREDA), is planning to set up a dedicated “Green Window to serve the unserved segments of renewable energy.”

“Renewable energy is increasingly cheaper and better for the strategic interests of India, and the IREDA Green Window would provide a significant boost to the renewable energy market. As India moves towards becoming a USD 5 trillion economy, the country’s aim to install 450 gigawatts (GW) of renewable energy capacity would be one of the major drivers of its economic growth,” said Mr. Kumar, at the UN Climate Change Conference (COP 25) in Madrid, Spain. An allocation of approximately USD 20 million is being considered for the Green window, with plans of leveraging USD 80 million from other agencies to establish a facility of USD 100 million is envisaged. The Green Window would be set up to dedicatedly support underserved clean energy markets and support the scaling up of new clean energy technologies. The seed capital will be used to leverage additional sources of capital from both private domestic banks and international sources.

IREDA is India’s leading financial institution dedicated to clean energy expansion. Since its founding under MNRE in 1987, IREDA has financed the largest share of renewable energy projects in India.

India is one of the top three nations leading global renewable energy growth. As of October 2019, India’s installed capacity renewable capacity has already met about half of its 2022 target of 175 GW. Achieving the 175 GW goal would increase green energy access for millions of Indians and, additionally, could create up to 1 million job opportunities for over 300,000 workers in the country by 2022. Prime Minister has announced India’s commitment to go much beyond the 2022 goal and install 450 GW of renewables- more than five times the current installed renewables capacity.

India, however, needs high amount of capital invested – of the order of ₹ 21,45,000 crore (USD 330 billion) between 2018 and 2030 – to accomplish its commitments under the Paris Agreement. Given the existing high exposure to conventional power, there is limited debt capacity in the financial system to fund the amount of new generation needed to meet renewables targets. A green window would lower the risk for traditional banks to finance green energy and tap into international capital to help India power its cities and rural communities.

Green windows, like green banks, are public entities created to work with the private sector to increase investment in green energy and bring clean energy financing into the mainstream. They are innovative and new tools that have been successful in the United Kingdom, Australia, Japan, Malaysia and the United States.

Shell Lubricants India Showcases Future Ready Solutions At EXCON 2019 Enabling “Less Downtime, More Go Time” For Industry Players

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Shell Lubricants, the global market leader in finished lubricants showcased its flagship products and key services at the 10th edition of EXCON India 2019 – the International Construction Equipment and Construction Technology Trade Fair organized by the Confederation of Indian Industry (CII).

Shell firmly believes that the right lubricant can bring substantial savings in the construction sector by maximising equipment efficiency and reducing downtime.  In line with this, the company’s display was well received and drew significant interest at the event which was held from December 10th to 14th at the Bangalore International Exhibition Centre (BIEC).

The lubricants major presented many of its flagship products in its Tellus, Rimula, Spirax and Gadus ranges including a special showcase of its premium energy efficient lubricants, namely the Shell Tellus S4, Rimula R5, Spirax S6, and Gadus S3.

The Shell booth was inaugurated by Mr. V G Sakthi Kumar, Managing Director, Schwing Stetter India Private Limited, who also lauded the company’s pioneering work in the construction equipment and technology industry.

EXCON 2019 also witnessed an array of innovative services offered by various participants, with Shell’s newly launched range of B2B services drawing attention from visitors. The B2B services on display by Shell included Machine Max, Lubricants Management Programme and LubeMaster. These was also accompanied by a display and live demonstration of Shell LubeVideoCheck, a non-invasive imaging technology capable of performing component analysis which would normally only be achieved by dismantling machinery; and Shell Lube Analyst Lite, which helps construction companies avail real-time, on-site analysis and reporting.

Customers in construction are generally remotely located, with multi-OEM fleets and little access to oil-testing laboratories, resulting in issues related to fleet monitoring. Shell’s exhibit successfully highlighted the utility of its technology-forward services in helping solve these problems by implementing corrective action rendering better savings.The lubricants major also announced that it will soon launch the Shell Tellus S4 VE, a new Gas-to-Liquid based energy efficient hydraulic oil which offers up to 6 percent productivity improvement1, up to 21 percent less energy loss from hydraulic pumps1 and up to 5 percent efficiency improvement.

Commenting from EXCON, Praveen Nagpal, Chief Technology Officer, Shell Lubricants India   said, “EXCON is a convergence of the most important industry players and experts in the construction sector. It offers us a chance to augment our knowledge and network with other key stakeholders. Shell Lubricants firmly believes in driving growth by providing exceptional assistance to our partner OEMs and end consumers. We are proud to be setting benchmarks for quality and technological innovation and are committed to providing bespoke solutions to our consumers. We will continue to bring new innovation to our portfolio of products and services that helps in improving operational efficiency, supports reducing emissions and lowers the Total Cost of Ownership.”

Organized by the Confederation of Indian Industry (CII)- India’s premier industry association, Excon 2019 is the largest construction equipment exhibition in South Asia, attended by over 250 exhibitors and over 50,000 business visitors. The event brings together different stakeholders from the industry to deliberate upon the challenges, opportunities and the best practices in the construction sector.

ReNew Power Announces Joint Venture With Korean Major GS E&C

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Mr Huh Yun Hong, President and head of new business division of GS E&C and Mr. Sumant Sinha, Chairman and Managing Director, ReNew Power at the signing ceremony
Mr Huh Yun Hong, President and head of new business division of GS E&C and Mr. Sumant Sinha, Chairman and Managing Director, ReNew Power at the signing ceremony
Mr Huh Yun Hong, President and head of new business division of GS E&C and Mr. Sumant Sinha, Chairman and Managing Director, ReNew Power at the signing ceremony

ReNew Power Private Limited (ReNew Power), India’s largest renewable energy independent power producer, today announced a joint venture partnership with South Korea based GS E&C for execution of its 300 MW solar power plant in Rajasthan. The project is part of the capacity auctioned by Solar Energy Corporation of India (SECI) under its tranche-IV auctions concluded earlier this year.

GS E&C is one of South Korea’s largest construction and development firms and part of the GS Group, with an asset base of over $58 billion. This investment will mark the entry of GS E&C in the Indian renewable energy sector.

Commenting on the partnership, ReNew Power’s Chairman & MD Sumant Sinha said, “We are delighted to be partnering with GS E&C for this project, as both ReNew Power and GS E&C are not only leaders in their respective businesses, but also bring excellent project execution and management skills. I expect the partnership to set new benchmarks in the Indian renewable energy space and look forward to executing more projects together “

ReNew Power will hold a majority 51% equity under the partnership, while the balance will be held by GS E&C.

“We are pleased to take part in the national solar mission of India in partnership with ReNew Power, the leading company in the country’s renewable energy space. This remarkable project is the first step of our great journey putting the technical expertise and financial capability of both companies together. GS E&C and ReNew Power will continue to play an important role achieving the country’s ambitious target for the transition to cleaner energy” Huh Yun Hong, the president and head of new business division of GS E&C said in a media statement.

ReNew Power recently crossed the 5GW renewable energy generation milestone with the commissioning of a 250 MW solar plant in Bikaner. ReNew is now the 11th largest renewable energy company in the world (ex-China), with assets valued at over $6.5 bn.

Sterling And Wilson Solar Begins Construction Of 200 MW Solar Project in Australia

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Sterling and Wilson Solar Limited (SWSL) (BSE script id: 542760), the world’s largest solar EPC solutions provider*, has announced today the commencement of construction of a 200 MW solar project in Australia. The turnkey solar EPC project is being developed by Lightsource BP, an independent global leader in the funding, development, acquisition and management of solar PV projects

The Wellington Solar Farm is a solar photovoltaic (PV) independent power project (IPP) being constructed on 490 Ha of land, northeast of the town of Wellington in New South Wales. The project is planned to be commissioned by December 2020 and once operational, the plant will produce enough solar energy to power 70,000 homes, and save 336,000 tonnes of carbon emissions, which is the equivalent of taking 121,580 cars off the road.

Bikesh Ogra, Director and Global CEO, Sterling and Wilson Solar Limited said, “Australia is one of the most promising markets for Solar; with around 5.2% of Australia’s total electrical energy production generating from Solar. We had been following the market for over a few years and wanted to get in at the right time with a right project. We are delighted to work with Lightsource BP on the Wellington Solar project. This will be one of the larger and significant projects being built in Australia. We will leverage from our recent acquisition of GCo Solar in Australia which has executed Solar projects for major developers. We are confident, as a global solar EPC company with experience across geographies, we can bring our best practices to this market.”

Sterling and Wilson Solar Limited has been executing projects globally and has to its credit more than 8.8 GWp of high performing solar power projects in various geographies. With the global solar market poised to grow substantially in the years to come, Sterling and Wilson Solar Limited has positioned itself well to be at the forefront of this tremendous opportunity.

*According to IHS Markit, **

SunPower To Create Two Independent, Industry-Leading, Publicly-Traded Companies

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SunPower today announced plans to separate into two independent, complementary, strategically-aligned and publicly-traded companies – SunPower and Maxeon Solar Technologies (Maxeon Solar). Each company will focus on distinct offerings built on extensive experience across the solar value chain.

  • SunPower will continue as the leading North American distributed generation, storage and energy services company.
  • Newly-formed Maxeon Solar will be the leading global technology innovator, manufacturer and marketer of premium solar panels.

Concurrent with the transaction, an equity investment of $298 million will be made in Maxeon Solar by long-time partner Tianjin Zhonghuan Semiconductor Co., Ltd. (TZS), a premier global supplier of silicon wafers, to help finance the scale‐up of Maxeon® 5 production capacity.

“We believe that the solar industry is entering a period of extended growth where success will be driven by value chain specialization, technology innovation and economies of scale,” said Tom Werner, president and CEO of SunPower. “This new structure and investment will create two focused businesses, each with unique expertise to excel in their part of the value chain.”

SunPower: Pure Play, Focused DG Energy Services Company Leveraging the World’s Best Solar Platform

Tom Werner will continue as CEO and chairman of the board of SunPower and the company will maintain its corporate headquarters in Silicon Valley (Calif.), as well as its employee and economic investment footprint across the U.S. and Canada, and its large, exclusive dealer network.

SunPower will focus on product innovation, downstream high-efficiency solar systems plus high-growth storage and energy services. The company also will continue its commitment to American manufacturing with its Hillsboro, Ore., Performance Series module assembly facility. At the time of the separation, SunPower and Maxeon Solar will have entered into a multi-year exclusive supply agreement covering sales within the U.S. and Canada of products manufactured by Maxeon Solar. Under the new structure, SunPower will continue to develop its dealer network, which represents the largest residential and light commercial franchise in the industry.

The two companies will cooperate to develop and commercialize next generation solar panel technologies, with early stage research conducted by SunPower’s Silicon Valley-based research and development group, and deployment-focused innovation and scale-up carried out by Maxeon Solar.

Maxeon Solar: Advanced Technologies Deployed at Scale

Jeff Waters, currently chief executive officer of SunPower’s Technologies business unit, has been named Maxeon Solar’s CEO. Maxeon Solar has been incorporated and will be headquartered in Singapore and its ordinary shares are expected to be traded on NASDAQ. Maxeon Solar will own and operate solar cell and panel manufacturing facilities located in France, Malaysia, Mexico and the Philippines. It will also maintain its R&D, marketing and sales footprint outside of the U.S. and Canada.

Maxeon Solar will focus on continuing to bring its industry leading panel technology to high volume scale. It will market its high-efficiency solar panels under the SunPower brand into the global marketplace, and into the U.S. and Canada via a multi-year exclusive supply agreement to be entered into with SunPower at the time of separation. Maxeon Solar will maintain 20 percent ownership of the Performance Series manufacturing joint venture (Huansheng Photovoltaic [Jiangsu] Company, Ltd.) and will continue to market those panels globally.

Investment to Accelerate Next Generation Solar Panel Technology

“TZS’s $298 million investment into Maxeon Solar will catalyze continued scale-up of Maxeon 5® capacity at our manufacturing facility in Malaysia, allowing us to increase our distributed generation market share and accelerate profit growth,” said Jeff Waters, Maxeon Solar CEO. “This investment validates our industry-leading technology, brand and global channels to market.”

“TZS was chosen as the best investment partner for Maxeon following an exhaustive three-year independent search,” Waters said. “They bring not only the capital necessary to fast-track scale-up our Maxeon® 5 technology, but also have deep experience across the upstream Asia supply chain. SunPower has a long strategic relationship with TZS, having cooperated on seven joint ventures and joint development projects since 2012.”

“In the past eight years, TZS and SunPower have established a great and long-term partnership and the rapid scale-up of Performance Series technology to multi-gigawatt capacity has already demonstrated the power and synergy of our cooperation,” said Haoping Shen, chairman and general manager of TZS. We share with Total the consensus on business philosophy and are happy to become a shareholder of Maxeon Solar Technologies and look forward to supporting the scale-up of Maxeon technologies and the deployment of future technology innovations.”

“During the last years, SunPower has successfully adapted the company and its products in a challenging global solar market,” said Patrick Pouyanné, Total CEO. “As the main shareholder of Sunpower, we support this transaction which will bring clarity and focus for both entities on their respective activities. We welcome TZS as partner in Maxeon Solar Technologies which will be able to further develop its highly differentiated PV technology platforms and SunPower will focus on developing its leadership position in distributed generation in Northern America. Total intends to remain shareholder of both Sunpower and Maxeon Solar Technologies.”

The separation is expected to occur through a spin‐off of all of the shares of Maxeon Solar held by SunPower to SunPower shareholders, followed by the TZS investment. It is intended to be tax-free to SunPower shareholders. After the completion of the transactions, TZS will own approximately 28.848 percent of the diluted ordinary shares of Maxeon Solar with approximately 71.152 percent will be owned by SunPower shareholders, as of the record date of the spin-off. SunPower expects to complete the separation and Maxeon Solar capital injection in the second quarter of 2020, subject to the satisfaction of various closing conditions.

SunPower’s Board of Directors and a special committee of independent directors unanimously approved this transaction.

Sungrow Hits A 100 GW Inverter Shipment Milestone

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Sungrow Hits a 100 GW Inverter Shipment Milestone
Sungrow Hits a 100 GW Inverter Shipment Milestone

Sungrow, the global leading inverter solution supplier for renewables, today officially announced that it reached a 100 GW shipment milestone at a press conference, demonstrating Sungrow’s commitment in sustainable development and efforts in supporting global decarbonizing economies as the first company ever to hit this particular record.

The last 1 MW of the 100 GW was shipped to a 200 MW project, which is expected to come online at the end of 2019 in Southeast China with featured 1500 Vdc string inverter SG225HX, according to a Sungrow spokesperson at the press conference.

As the first company which hit the record of 100 GW, Sungrow rises far above the industry standard with a cutting-edge product portfolio and professional team covering technical support, sales and service across the globe. Sungrow boasts a large project track record, including a 10 MW PV project in Dunhuang, China has been operating stably and effectively without faults for over 10 years.

Driven by the global commitment in environment protection and climate change, Sungrow has been bolstering its international footprint and made great performance in solar markets such as the United States, Latin America, Europe, Vietnam, etc. Sungrow is now the largest supplier of string and central inverters in Americas and holds over 15% of market share in the Australian residential segment as well as over 30% of market share in Southeast Asia. Sungrow is also pioneering the way toward grid parity in China and elsewhere worldwide.

“Sungrow currently takes the top spot of inverter bankability and we’re delighted to remain strategic and long-term partnership with this bankable company, owing to not only its standout products and services, but also the financial possibility,” said a spokesperson of a renowned US-based EPC.

“Our success has always been underpinned by a 22-year track record in the industry and growing robust partnerships. We’re dedicated to strengthen international cooperation and make innovations in products and solutions so that more communities can be powered by clean energy in the future,” said Sungrow Chairman Cao Renxian.

Sembcorp Enters Into Non-Binding Agreement To Increase Stake In Sembcorp Energy India Limited To 100%

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Sembcorp Industries (Sembcorp) announces that its wholly-owned subsidiary Sembcorp Utilities has entered into a non-binding term sheet with its local Indian partner, Gayatri Energy Ventures Pte Ltd (GEVPL), a wholly owned subsidiary of Gayatri Projects Limited (GPL), to acquire the remaining 5.95% stake in Sembcorp Energy India Limited (SEIL). Following the completion of the proposed acquisition, Sembcorp will become the sole owner of SEIL.

The purchase price for the shares is approximately INR 4,060 million (approximately S$77 million1) in cash, and is based on discounted cash flows and relevant transaction multiples. There is also potential future earn-outs for GEVPL on the achievement of certain milestones by SEIL. The acquisition will be funded through a mix of internal funds and borrowings.

Sembcorp’s India energy arm, SEIL, is a leading independent power producer in the country focused on growing a clean energy portfolio. At present, SEIL has a well-balanced and diversified portfolio of thermal and renewable energy assets of more than 4,300 MW. Since the beginning of the year, SEIL has commissioned 357 MW for the Solar Energy Corporation of India (SECI) 2 and SECI 3 wind power projects in India, bringing total commissioned capacity for SECI wind power projects to 607 MW out of 800 MW. This is the largest operational generating capacity among SECI wind auctions, reflecting the strength of SEIL’s capabilities.  

The proposed acquisition will allow Sembcorp to have the flexibility as sole owner to evaluate and pursue a full range of growth opportunities in the renewables segment, while at the same time seeking the right equity window to list its India business or to pursue other capital recycling options.

The proposed acquisition is expected to be completed by end of the year, subject to the satisfaction of certain conditions precedent, including shareholders’ approval of GPL.

Negotiations on the definitive agreements are currently ongoing and Sembcorp will make an appropriate announcement when there are material developments on this matter.

This acquisition is not expected to have a material impact on the earnings per share and net asset value per share of the Group for the financial year ending December 31, 2019.

Being The World’s Most Bankable Inverter Brand, Sungrow Places A Strong Emphasis On Innovation, With A Research And Development (R&D) Team Which Accounts For More Than 35% Of The Company’s Workforce

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Ms. Nicole Shu, APAC Director, Power Plant Business Division, Sungrow

How has your journey been with Sungrow?

Before Year 2017, Sungrow’s Power Plant Business division focus on domestic market and win 5GW market share which lays a solid foundation for us to start international business. We pick Vietnam as our first foreign market as at that time we see the favorable FiT policy and government’s determination, then we win 90MW(AC) project in the first round. Based on the experience in Vietnam, we enter into more potential markets in APAC region such as Bangladesh, Australia, South Korea, and Indonesia. Our projects in Australia, Victoria just finished COD and we also have ESS reference in South Korea this year, so we really hope we can make some contribution and difference to Bangladesh RE industry as well.

What are the key changes you see happening in your product portfolio?

Being the world’s most bankable inverter brand, Sungrow places a strong emphasis on Innovation, with a research and development (R&D) team which accounts for more than 35% of the company’s workforce. Sungrow is one of the few global inverter suppliers with a full inverter portfolio that can serve residential, commercial and utility-scale installations including energy storage applications with maintaining 15%+ global market share. Some of our latest product portfolio introduced in various international exhibitions like SG250HX – world’s most powerful 1500VDC string inverter compatible with bifacial modules, SG3150U-MV – Another flagship 1500 VDC solution optimized for large-scale utility plants and a high DC/AC ratio of 1.5, SG33CX-US, SG55CX-US – The latest string inverters, focusing on commercial & industrial segments to North American market, enables flexible vertical and horizontal installation With built-in PID recovery function, ST556kWh-250UD – With joint venture of Sungrow and Samsung SDI, this all-in-one solution is tailored to C&I projects with compact design, small footprint and optimized thermal performance. For Inverter business in Bangladesh market, we have dedicate manpower from HQ Inverter division & we have also finalized a local distributor who can provide ready stock support & service to local roof top customers.

What is Sungrow’s growth strategy in Asia Market in order to expand the EPC business?

For EPC business, the key parts are project quality and cost. To some extent, the EPC cost is transparent nowadays as the equipment price is clear and the subcontractor cost is within certain range. Project quality is always our priority and we’ll make Sungrow EPC more competitive by optimizing design, supply chain and localization.

Mr. Imran Chowdhury , Country Head, Bangladesh Region- EPC & IPP, Sungrow

Kindly brief us about the presence of Sungrow in Bangladesh.

Sungrow started operation in Bangladesh market back to June 2019 as EPC, Project Developer & Inverter Manufacturer. After working in Bangladesh Renewable Energy Industry for 10 Years, It was really a great opportunity for me to join Sungrow as Country Head of Bangladesh Region to look after EPC & IPP business. From last six months, we tried to introduce Sungrow’s activities to all Bangladesh customers including Government, Semi Government & Private Sector. With help from GIZ, a team from Bangladesh Govt’s power ministry (SREDA, BPDB) visited our Headquarter & Inverter factory in Hefei & also the world’s largest 150MW floating solar project constructed by Sungrow. Participating in Bangladesh Solar Week-2019 as main sponsor was one of the key platform for us to highlight Sungrow’s footprint in Bangladesh market. We are also going to set up our local office by next one month & there will be combination of minimum 15 number foreign & local staff to expand business in Bangladesh market.

What type of Renewable Energy projects Sungrow is looking to build in Bangladesh market?

Currently we are mainly focusing on utility scale projects including land base & floating base where we can work as EPC & IPP. For the EPC business in Bangladesh market, Sungrow’s biggest advantage is to use own  manufacturing product, It means we will work as EPC+ Manufacturer which will add more value to project sponsor for getting special inverter warranty support & after sales service. From next year 2020, we will also work as project developer/IPP to play a vital role to meet Bangladesh Government’s Renewable Energy Generation target. When we will be on Project Developer/ IPP role, our key focus will be to meet the COD timeline as per PPA & IA. As Sungrow is the global leader in floating solar segment, so we truly believe that Bangladesh people will see lots of floating projects to be built by Sungrow in upcoming days. For roof top segment, currently we are focusing mainly on Inverter business because we saw there are lots of local EPC players already fighting hard to keep minimum profit margin. We have plan to identify some large space roof top of Govt. Organizations where minimum 5MW solar power can be produced.

What are the emerging investment opportunities in Bangladesh Renewable Energy Industry?

Bangladesh achieved an impressive annual gross domestic product (GDP) growth rate of 7.86% in 2018 which is the highest in South Asia. What we have seen regarding development of Bangladesh Renewable Energy industry is that it is really a potential market for next five years & there are lots of opportunities for foreign players in different segment like roof top, utility scale, floating & others. One of the major advantage is that Bangladesh current Government is very much focused for renewable energy development & giving lots benefits & incentives for foreign investors like exemption of Corporate Income Tax (Period: 15yrs, Exemption of Custom Duties, VAT & other Surcharges, Tax exemption on capital gains from transfer of shares by the investing company, Repatriation of Equity along with Dividends, Avoidance of Double Taxation through Bi-lateral Agreements. For developing large scale solar power plants, we think making Joint Venture with Govt. Utility companies / Public Private Partnership (PPP) can be most suitable option because it will more easily for a Govt. Organization to secure huge amount of land by maintaining local laws & regulation. In summary we can say that Sungrow has really vast plan for Bangladesh market & we want to be the leader in each EPC, IPP & Inverter business segment in upcoming days.

Week in India: Goa To Buy Solar Power From NTPC, LONGi And Adani Enter Into Strategic Partnership Agreement, Kalyan-Dombivli Smart City Issues Tender for 1.3 MW and more

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Kalyan-Dombivli Smart City Issues Tender for 1.3 MW of Rooftop Solar Systems

The Smart Kalyan Dombivli Development Corporation Limited (SKDCL) has issued a Request for Proposal (RfP) for 1.3 MW of grid-connected rooftop solar systems. The solar systems will be installed on the buildings owned by the Kalyan Dombivli Municipal Corporation (KDMC) in Maharashtra. The projects under this tender will be installed under the RESCO model. The Kalyan-Dombivli Municipal Corporation is one of the 100 smart cities launched under the government’s Smart Cities Mission. The corporation has identified 35 prospective locations for the installation of these systems. Rooftop solar systems will be installed at premises of the municipal corporation, government buildings, water treatment plants, sewerage treatment plants, recreational places, and drains of the city. The deadline for the submission of bids is January 3, 2020, while the opening date for the technical proposals is scheduled to be held on January 4, 2020. The prospective bidders are expected to pay a sum of Rs. 1 million (~$13,974) as an earnest money deposit (EMD), which will be valid for six months. According to the tender document, the bidder should have prior experience of installing and commissioning on-grid or off-grid solar projects under the CAPEX or RESCO model in the last five years. The bidder should have an average annual turnover of at least Rs. 50 million (~$698,728) from solar revenue in the previous three years. Under the central government’s Smart Cities Mission, scores of states have announced their plans to make their cities sustainable by the installation of solar panels, net metering, and various other infrastructural revamps.

Tata Power Distribution to Procure 150 MW of Solar Power at a Tariff of Rs.2.83/kWh

The Maharashtra Electricity Regulatory Commission (MERC) has given its approval to Tata Power Company Limited-Distribution (TPC-D) to procure 150 MW of power on a long-term basis from solar projects at a tariff of Rs. 2.83 ($0.039)/kWh. The commission has given Tata Power the permission to go ahead and enter into an energy purchase agreement with the successful bidder for a period of 25 years. The commission has added that the solar power procured from the supplier will be considered for meeting the solar renewable purchase obligation (RPO) requirements of Tata Power Distribution.

SECI Announces Two Tenders: 1.2 GW of Solar and 1.2 GW of Wind-Solar Hybrid Projects

The Solar Electricity Corporation of India has announced two tenders for 1,200 MW of solar and 1,200 MW of wind-solar hybrid projects connected to the interstate transmission system (ISTS). The projects under both the tenders will be developed on a build-own-operate (BOO) basis, and SECI will enter into a power purchase agreement for a period of 25 years based on the terms, conditions, and provision on the request for selection (RfS). The tender for 1.2 GW of solar projects has been floated under tranche VIII of the ISTS program. SECI has announced 12.2 GW of solar projects under the ISTS program’s Tranche I to VIII and auctioned around 6.44 GW in Tranche I to VI previously. The second tender for 1,200 MW of wind-solar hybrid projects has been issued under the Tranche III of the ISTS program. SECI had extended the bid submission deadline for its tender for 1.2 GW of solar-wind storage projects with a guaranteed peak power supply (ISTS-VII). The new bid submission deadline is December 16, 2019, from the previously set deadline of November 29, 2019.

LONGi to Supply 1.2 GW of Solar Modules to Adani Green by 2020

Chinese module supplier LONGi has entered into a strategic partnership with Adani Green Energy, the renewable arm of Adani Group, to supply 1.2 GW of its new generation Hi MO4 solar modules by 2020. Earlier this year, LONGi joined hands with Hexagon Peak, the project development arm of Hexagon Holdings. Under the agreement, LONGi will supply 200 MW of its latest mono PERC modules. Singapore-based Hexagon Peak will use the modules for its pipeline of utility-scale solar projects that are expected to be commissioned by Q1 of 2021.

NTPC Floats Tender for 923 MW of Solar Projects Under DCR Category

The National Thermal Power Corporation (NTPC) has invited bids to develop 923 MW of solar projects. The tender has been floated under tranche II of the second phase of the central public sector undertaking (CPSU) program, which is a part of the National Solar Mission (NSM). The last date for the submission of bids is January 3, 2020, and a pre-bid meeting will be held on December 20, 2019. The tender has been announced under the domestic content requirement (DCR) category, which mandates that domestically manufactured solar cells and modules must be used in the development of the projects.

Trina and Adani Were the Leading Solar Module Suppliers in India During 1H 2019

According to reports, in the first half of this year (1H 2019), Trina Solar, Adani, and Risen Energy emerged as the top three suppliers of solar modules in India in terms of shipments. Together, these three module suppliers accounted for nearly 25% of the market share. The top ten suppliers cumulatively held made up 60% of the overall solar module market share in 1H 2019. Trina Solar, based in the Chinese province of Jiangsu, was India’s top solar module supplier in the first half of 2019. Adani was second in terms of shipments in the first half, while Chinese manufacturer Risen Energy was third according to the report. At the end of 1H 2019, there were seven suppliers with cumulative shipments of above 2 GW to the Indian solar market. In terms of cumulative shipments, the top three suppliers were Trina Solar, Canadian Solar, and JA Solar. Last year, Znshine Solar, a Chinese PV module manufacturer, was the top module supplier to the Indian solar market in the calendar year 2018.

India To Set Up 31,696 MW Solar Power Generation Capacity

According to government reports India has set up about 31,696 MW of grid connected solar power generation capacity till October 2019. The aim of the government is to install 1,00,000 MW grid connected solar power capacity by December 2022. “As on October 31, 2019, a total grid connected solar power generation capacity of 31,696 MW has been set up in the Country, projects of 17,998 MW capacity are at various stages of installations,” said the Minister of State for Power and New and Renewable Energy R K Singh. There are tenders of 36,278 MW capacity which have been issued and new tenders of around 15,000 MW have been planned in the remaining 2019-20 and 2020-21. According to R K Singh, majority of the solar power projects in the country are being set up with private investment. “The union government has been implementing National Solar Mission under which various Schemes (as detailed in Annexure-III) have been launched for promoting the generation and use of solar power in the country. This makes publicity for effective implementation all schemes including Solar Schemes through print, social, electronic and other media. The Ministry has also launched a Mobile App for solar rooftop systems,” quoted R K Singh.

Goa To Buy Solar Power From NTPC For Next Three Years

The cabinet on Wednesday approved a proposal for extending the power purchase agreement executed with M/s NTPC Vidyut Vypar Nigam Ltd for purchase of solar power by three years. A low rate of Rs. 5.5 per unit has been negotiated as against the earlier Rs. 7.99 per unit said Power Minister Nilesh Cabral.  According to the directives of the Joint Electricity Regulatory Commission (JERC), it is mandatory for the electricity department to purchase a defined percentage of its power from renewable sources, including solar and non-solar. The cost to the government for the renewed contract period is Rs 20.6 crore. An official said the decision to extend the contract with NVVNL was taken since there was no response to its tender floated in March to meet the target of solar renewable purchase obligation (RPO) for 2019-20 of 187 million units (MUs) even after the last date to receive bids was extended. In the face of the target for the current financial year, and no adequate solar power available with the electricity department, the proposal was made to the government to extend the power purchase agreement with NVVNL for the balance financial year, the official said. He said the power minister had asked that the current rate for long term purchase with M/s SECI Ltd be assessed, but it expressed its inability to supply solar power on medium and short-term basis. He said they expect to purchase solar power from M/s SECI Ltd on long-term agreement once it is ready.

Solis Hybrid Inverters And LG Chem Deliver Solar-Plus-Storage Solution For Homeowners

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Ginlong Technologies, a global leader in photovoltaic string inverter manufacturing, announces that its Solis storage inverter is now compatible with LG home battery RESU. The Solis Residential Hybrid Inverter (RHI) now is fully compatible with LG RESU 48V line-ups to provide stable, reliable home energy storage. With this partnership, Ginlong is offering more choices to customers in the U.S., Europe, Australia and other markets globally.

“We are very excited about achieving compatibility with South Korea’s leading manufacturer of lithium-ion batteries,” says Ginlong Technologies CEO Yiming Wang. “Solis and LG Chem have combined their respective technologies to create a new competitive home storage solution that helps households maximize their PV energy and lock in energy savings.”

Jeongjin Hong, Vice President of LG Chem added, “We appreciate this valuable opportunity with Ginlong Technologies to help households reach the goal of energy self-consumption and energy-independence, moreover, to support households bring sustainability to their everyday life.”

Solis RHI models, ranging from 3 to 6 kW, can be paired with the  LG RESU 48V 3.3, 6.5, 10 and 13 for on-grid systems as well as limited back-up mode applications.

Ginlong and LG Chem worked closely to ensure system security and stability through extensive modification and testing. LG Chem multi-function battery management system and multi-level current protection technology improve safety, while Solis RHI’s battery over-discharge protection and its current controls contribute to the stable operation of the combined system.

Communications between the inverter and battery ensure interoperability: LG Chem’s battery management system records and transmits various electrical parameters, while the Solis hybrid acts as an actuator to respond promptly and accurately to those signals. Ginlong’s cloud-based monitoring allows homeowners to keep an eye on the system’s performance in real time.

Waaree Panels To Solarize 84000 Homes In Gujarat

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Waaree, India’s largest module manufacturer has started its supply of solar modules under PGVCL scheme. Waaree has completed supply over 6000 modules, which will be used to solarise over 800 homes.Choosing the right DCR Solar module is mandatory to receive the subsidies,and avoid any issues that may arise in future. Waaree has taken every step possible to make good quality DCR modules to the people of gujarat, so that the modules comply the directives set by the government, and benefits of subsidies can be availed.

Waaree modules have been in great demand with integrators and end consumers preferring them for installation. Waaree eyes to take the significant share of market as is committed to give best service, through its sales in service network across Gujarat. These solar modules are manufactured at state of the art manufacturing facility in Gujarat, which has annual capacity of 2GW, and has world-class testing facility. The facility is largest in India, hence modules are easily available for immediate supplies.

Waaree ran a series of training and awareness programmes for integrators and end users to help them choose the right quality of DCR Solar modules which received a overwhelming response. Waaree eyes help solarise more than 84000 homes under PGVCL scheme in next 6 months.

BP Signs Sustainable Energy Agreements With Amazon Web Services

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BP has agreed the first in a series of innovative power deals with Amazon Web Services (AWS) to supply renewable energy to the European data centres that drive the AWS cloud platform.

The deal is in line with BP’s growing sustainable power business, which includes tailored Power Purchase Agreements (PPAs) within the corporate sector. Starting in 2021, BP will begin supplying AWS with renewable energy from more than 170 megawatts (MW) of newbuild wind and solar projects in Sweden and Spain – enough renewable energy each year to supply over 125,000 European homes. The expectation is to grow this relationship to more than double the capacity in excess of 400 MW.

In the first project announced under this agreement, BP will provide AWS with 122 MW of new renewable power capacity from one of the largest onshore windfarms being built in Europe, in Västernorrland, Sweden. It’s expected to commence operations in 2022. A new solar farm in Spain, which is expected to deliver 50 MW to AWS from 2021, will also support the deal.

Robert Lawson, chief operating officer for Global Gas at BP Supply and Trading, said: “BP and AWS are both targeting reductions in emissions from their respective operations. One way BP can play an important role in helping our customers is by using our trading capability and scale to deliver innovative, reliable and flexible supplies of low-carbon and renewable power to major corporate customers and partners .”

BP is working with the corporate sector to connect organisations to renewable energy sources and helping them realise both the environmental and economic benefits of PPAs. The expansion of its corporate PPA business is an example of BP’s focus on improving its products and services to enable customers to reduce their emissions. 

Jakson Commissions 27 MW Solar Power Plant In Koppal, Karnataka For SolarArise

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Mr. Praveen Pai, Chief Operating Officer

Jakson, one of India’s leading energy & engineering solutions company announced the successful commissioning of a 27 MW solar power plant in Koppal, Karnataka. This project was executed by Jakson on a turnkey EPC mode for SolarArise, a leading solar power developer. The installed plant spread across 115 acres in rural Karnataka will generate more than 4706 MWh units of electricity annually and reduce approximately 4235 tonnes of carbon emissions every year.

“We are proud to have successfully executed this large scale solar EPC project for SolarArise. Jakson brings a unique combination of engineering expertise and project execution capabilities across the electrical EPC space. Our know-how and project experience across the value chain – from substations to electrical transmission, civil construction & Solar EPC – makes us an ideal choice of clients looking for a trusted EPC partner to execute their large scale projects” said Praveen Pai, Chief Operating Officer – Electrical & Solar EPC, Jakson Group.

 “We are happy with our association with Jakson as an EPC partner for this project. They have successfully delivered this project and we look forward to strengthening our relationship.” said Tanya Singhal, Founder and Director, SolarArise.

EES Europe 2020: The Storage Industry Is Profiting From The Boom In Renewable Energies

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As in 2018, new solar installations will once again surpass the 100-gigawatt mark globally in 2019 and are even expected to exceed the amount reached in the previous year. Onshore wind capacity is also experiencing rapid growth and newly installed capacity is anticipated to climb by 15 percent worldwide to 53 gigawatts, propelled predominantly by the USA and China. There are also encouraging signs surrounding the deployment of new offshore wind capacity, which is likely to remain stable at around five gigawatts of growth in 2019. The IEA considers these technologies to be the key pillars of global efforts to fight climate change, reduce air pollution and provide everyone with access to energy.

Electrical energy storage systems hold the key to meeting climate protection targets

According to Bloomberg New Energy Finance (BNEF), continuously falling costs will result in
renewable energy, supported by lithium-ion battery storage systems, accounting for 48 percent of all energy generated worldwide by 2050 (currently 7 percent). Photovoltaics and wind power are already the least expensive sources of electricity in two-thirds of countries around the world. As explained by BNEF analysts in their latest New Energy Outlook forecast, Europe will be the leading proponent of decarbonization worldwide. They expect carbon prices and other supporting measures to lead to the continent generating 92 percent of its electricity from renewable sources by 2050. The forecast also predicts that oil will no longer be used as a source of energy by the middle of the century and coal – which currently generates 37 percent of all electricity – will only be used to meet 12 percent of our electricity requirements.

Large grid storage projects and innovative solutions

The energy transition would fail without energy storage, which is why the number of new large volume storage projects is on the rise. In the Netherlands, energy group Vattenfall has spent a good 60 million euros on building and combining a 22 megawatt wind farm, a 38 megawatt photovoltaic installation and a 12 megawatt battery storage system all in one location. The utility company’s first full-hybrid power plant is also expected to serve as a blueprint for what Germany could achieve without the aid of subsidies from 2020. In particular, Vattenfall has Germany’s coal fields in its sights, as it believes that old mining land offers huge potential for photovoltaics and wind power.

The utility company Allgäuer Überlandwerke (AÜW) has constructed a hybrid power plant with a new battery storage system connected to a gas turbine. According to AÜW, it is the first such plant in Germany that has been approved for the primary control reserve market. The energy storage system was put into operation in August 2018 on the premises of AÜW in Sulzberg, Germany, with an output of 16 MW and a capacity of 8.5 MWh. The company currently uses the battery storage system to stabilize the power grid. Since the Tesla big battery in Australia was commissioned, its performance and business model has been a source of fascination within the industry. Tesla founder and CEO Elon Musk recently confirmed that the 95 million dollar installation would pay for itself within a few years. Owned and operated by Neoen Australia, the battery storage system receives annual payments of four million dollars from the government for the provision of grid services.

Storage community supplies balancing power using virtual grid energy storage system

Privately owned solar storage units are involved in a pilot project for congestion management being conducted by grid operators TransnetBW and Netze BW. The new digital platform DA/RE is using these storage facilities as a virtual battery to help develop new congestion management strategies. An intelligent control system charges or discharges the decentralized solar storage systems in the region as needed, for instance to divert energy away from overloaded grid nodes. The closer a storage device is to a congested area, the more effectively it can intervene to help ease the load for the entire power grid. The pilot project, which was launched in April 2019, is being supported by the Baden-Württemberg Ministry of the Environment. In addition to various grid and plant operators, the company sonnen is participating in the project with a virtual power plant consisting entirely of
decentralized domestic storage systems.

New business models and innovative companies at ees Europe

These innovative examples demonstrate how there is incredible dynamism within the storage market and that an increasing number of new solutions are being developed to store the growing quantities of electrical energy being generated and to make it available in line with demand. From CATL, BYD, Samsung SDI and LG Chem to Tesla, SAFT, Varta, sonnen, E3DC, Solarwatt and SENEC, the market leaders in the storage industry will once again gather at ees Europe at Messe München from June 17 to 19, 2020 to present their solutions and business ideas to an expert audience.

“It’s Expected That The Installation Capacity Will Continue To Grow, And More Opportunities Will Be Available Due To The Rebound In Demand In India And The Growth Of Demand In Other Countries.”

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Mr. Shawn Shi, General Manager of Sungrow APAC

Which markets does Sungrow aim for APAC? What are the growth opportunities in the inverter industry in the coming years? 

APAC occupies an important position in the global PV market. Sungrow has always attached great importance to three established markets: Japan, Australia, India and holds a market share of over 30% in Southeast Asia. It’s expected that the installation capacity will continue to grow, and more opportunities will be available due to the rebound in demand in India and the growth of demand in other countries.

How different are your marketing strategies for the APAC region?

The APAC region features vast territory, multiple nations, complex grid-connection codes, varied climatic and geographical environment. We have diverse solutions in response to different applications, and we are always in line with “design meets demands”, to provide optimal solutions for each market.

Being one of the leading Solar inverters company, how do you plan to expand your markets for 2020?

With the withdrawal of inverter suppliers such as ABB, Schneider, GE, whose main business is not inverter, the inverter industry will face another reshuffle. Sungrow has 22-year track record in the PV industry, and has won the trust of customers in terms of quality and service. Sungrow has also secured more opportunities in the ever-changing market.

With the increase in solar projects, how is Sungrow meeting the needs of the developers?

In the current PV industry, many IPPs (Independent Power Producers) face two major problems. Firstly, PPA price continues to fall. The second is the growing requirements for grid adaptability. Sungrow continues to pioneer product innovations and meet the demand of BoS for power plant design. Meanwhile, ESS (Energy Storage System) solution is another fast-growing business of Sungrow, which plays an important role in maintaining the stability of PV in grid access. In particular, the PV plus ESS solutions will solve the BoS and grid compatibility problems for IPPs.

What are the key focus areas that are catered while developing a new product?

The LCOE has always been the core issue of power plant investment, while BoS and power plant generation are the key elements in the inverter segment. Reducing overall system costs and ensuring system generation efficiency is a vital guideline for inverter innovations.

Tech Choice: India’s Top Rooftop Solar Inverters of 2019

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Sungrow: SG110CX

The latest string inverter SG110CX, focusing on commercial & industrial segments have been a hit since its release due to the the contribution to a lower LCOE and optimal performance.

Equipped with 9 MPPTs, the commercial inverter can perfectly compatible with bifacial modules, which can address the issues caused by the different orientation and partial occlusion of rooftop power plant and ensure high yields.

The inverter can work with no derating at scorching heat due to the smart forced air-cooling design, which can lower the internal ambient temperature and core component temperature significantly.

The SG110CX provides an ingress protection rating of IP66 for all chambers and anti-corrosion design with C5 protection degree, making it ideal for applications in coastal areas, chemical industrial region and other typical harsh conditions.

Furthermore, the solution enables smart O&M through an online monitoring system as well. Sungrow’s monitoring solution supports I-V curve scanning and diagnosis which can finish a full-scale plant diagnosis in 15 minutes with an accuracy less than 0.5%. It makes easy to locate faults caused by dust shielding, glass panel cracking, dirt shielding, diode short circuit, gate line disconnect and PID attenuation in order to reduce power generation loss.

Ginlong Solis: Solis 5th Gen Inverters

Efficient:

1.Solis inverters comprise internationally renowned components.

2.The brand-new range boasts a staggering efficiency of 99.1%, making the product line one of the most efficient on the market.

3.Each two-way string corresponds to one MPPT and, as a result, each 1MW of power benefits from 112.5 MPPT — a figure far higher than that of competing products.

System friendly:

1.Solis’ 5th Gen range supports a 150% capacity ratio as well as a 110% overload operation for prolonged periods.

2.The 100kW+ inverter communication mode supports optional PLC, meaning the communication cable is not required, thereby saving both time and money for customers.

3.The range also supports DC “Y” type access, as well as a large diameter AC aluminium alloy cable. The DC side of the inverter uses a 6mm2 DC cable to support the “Y” type access, saving 40% of the DC cable cost.

4.The product’s power factor is adjustable from 0.8 and above, providing customers with a wide range of fine-tuning space and a tremendous, reactive power compensation capability.

5.Solis’ 5G platform supports remote system upgrades and grid-point power control functions.

Reliable

1.Solis is one of the first inverter manufacturers to promote an AFCI Application case with more than 10,000 inverters. The 5G inverter has an optional, integrated AFCI function, which can identify faults in the arc current while monitoring the PV model to inverse the fire at the input of the transformer. In the event of an arc fire, the inverter will cut off the circuit immediately to avoid 99% of the fire risk.

2.The fifth-generation inverter technology platform has a replaceable AC/DC secondary SPD. This feature provides a Level 1 lightning protection design for surge-prone areas to protect the inverter from the impact of lightning strikes.

3.Solis adopts intelligent redundant air cooling, too. Even if there is an external fan failure, the inverter can operate normally and is replaceable when the inverter is on standby to ensure consistent power generation.

4.Each DC input of the inverter is equipped with sensors. The current, voltage and power of each string can be observed from the monitoring system or the inverter display. The inverter simultaneously integrates the string cascade monitoring and intelligent IV curve scanning function to identify any string faults with scanning. The inverter can also provide corresponding solutions to ensure the system operates at its maximum performance.

Growatt: MIN 2500-6000TL-X

According to PV Inverter Market Tracker by IHS Markit, Growatt is the world’s TOP 3 supplier of single-phase PV inverter. The company is dedicated to product innovations and has launched the most up-to-date residential inverter MIN 2500-6000TL-X in India. This advanced solar inverter for rooftop solar is a great success and has become increasingly popular in the market.

“Growatt high values R&D and product innovations. For MIN 2500-6000TL=X. our R&D team has put a large amount of time and energy in developing this new residential inverter. I think this is the best rooftop solar inverter of the year,” said Rucas Wang, Growatt regional director.

At glance, customers will find the inverter very appealing. It is designed with integrated top cover case, and there’re no screws on front cover case. The design has fewer gaps and provides better protection against water and dust. A closer look at the internal design, MIN 2500-6000TL-X adopts an optimized mechanical design with separate inductor compartment and invisible cable routing.

The advanced design of separate inductor compartment ensures efficient heat dissipation while avoiding the impact of heat on the main circuit. The invisible cable routing also helps dissipate heat quickly and has the function of anti-icing at low temperature. In addition to that, Growatt uses its patented inductance technology for the inverter. With this technology the circuit board can cool rapidly at high temperature and will not deform at low temperature. Therefore, the inverter can work under harsh conditions, such as salty air, humidity, high and low temperature etc.

Aerospace grade materials are used for TL-X, making the inverter light, durable and flame-retardant. It is around 10.8kg, 35% lighter when compared with other old generation inverters. To achieve better HMI experience, it is designed with OLED display and touch button. OLED display is premium material and consumes less power. Its touch button is more durable and can last over three million clicks.

TL-X has great protection with Type II SPD on DC side, connection protection and optional AFCI. It has two MPP trackers and 1.4 DC/AC ratio. Its string current reaches 12.5A and is compatible with bifacial modules. For system monitoring and remote O&M, customers have multiple options such as WIFI-X, GPRS-X, 4G-X, RF or RS485. With the datalogger installed, customers can have access to Growatt Online Smart Service platform for reporting issues and troubleshooting.

LONGi and Adani Green Energy Entered Strategic Partnership Agreement For Supply Of Up To 1.2GW Hi MO4 Modules In India By 2020

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LONGi, the world’s leading solar technology company and Adani Green Energy, India’s largest photovoltaic power station developer, has entered into a strategic partnership agreement on November 28, 2019 where LONGi will supply Adani Green Energy with its new generation Hi MO4 modules. The agreement set guidance of up to 1.2GW modules to be delivered to Adani by 2020. Both parties agreed to continue to deepen their strategic partnership over the next 3 5 years.

The electric power infrastructure in India is weak and photovoltaic energy has great potential for growth in the next five years. The strategic partnership agreement represents a strong alliance and a “win win” cooperation between the world’s leading energy investment company and the world’s leading solar technology company, and is a milestone in the development of global renewable energy.

The Adani Group is an integrated business conglomerate in India that consists of six publicly traded companies with combined revenues of $13 billion. Its renewable energy subsidiary, Adani Green Energy, is one of the largest renewable companies in India engaged in the development of solar, wind and hydro energy with a current project portfolio of 5,290 MW.

LONGi leads the solar PV industry with product innovations and optimized power cost ratio with breakthrough monocrystalline technologies. LONGi supplies more than 30GW of high efficiency solar wafers and modules worldwide yearly, about a quarter of global market demand. Today, LONGi is recognized as the world’s most valuable solar technology company with the highest market value and a major power generation equipment supplier in the global solar energy field.

At the signing ceremony, Jayant Parimal, CEO of Adani Green Energy, said: “LONGi is a trusted partner with a leading position in product technology and financial health. LONGi’s high efficiency and reliable PV module products will help Adani deliver greater value to our customers and bring superior clean energy to India and the world.”

“We are very grateful to Adani for their trust and support. LONGi will seek to deepen our cooperation globally and mutually continue to improve the level of the strategic partnership.” said Dennis She, Senior Vice President of LONGi Solar. “As a driver in the global energy transformation, LONGi will continue to leverage its leading technologies and work with Adani to build best in class solar projects in India and the world, and to promote the rapid development of global renewable energy.”LONGi hopes to bring high quality and affordable clean electricity to India with its innovative photovoltaic products and technologies. LONGi and Adani will jointly promote the transformation of renewable energy and the structure of clean energy in India based on both companies’ common philosophies and missions in energy transition.

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