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PR Newswire

Nel ASA: Selected by Iberdrola as preferred supplier for a 20 MW green fertilizer project in Spain

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OSLO, Norway, Nov. 4, 2020 — Nel Hydrogen Electrolyser, a division of Nel ASA (Nel, OSE:NEL), has been selected as preferred supplier by Iberdrola for a 20 MW PEM solution for a green fertilizer project in Spain. Contract award is subject to mutual agreement on the final commercial terms. The hydrogen plant is scheduled to commence operations in 2021.

"We are very excited and honored that Iberdrola prefer to use a PEM electrolyser solution from Nel for this landmark green fertilizer project. It is a true testament to our PEM platform, which has been deployed all over the world for several decades. We continuously work to develop larger systems, and with this project our PEM platform will be designed into a 20 MW solution. We have over the course of the last year been working on both alkaline and PEM large-scale solutions, which serve different customer needs, and we look forward to provide our PEM solution for this project," says Filip Smeets, SVP Nel Hydrogen Electrolyser, Nel Hydrogen Fueling.

Iberdrola, one of the largest electricity utilities in the world, has together with a world-leading fertilizer manufacturer Fertiberia launched a project to establish the largest green hydrogen plant in Europe. Located in Puertollano, Spain it will feature a 100 MW photovoltaic plant, a battery installation with a storage capacity of 20 MWh, and a 20 MW electrolyser. The hydrogen produced in the project will primarily be used for green fertilizer production. The 20 MW electrolyser is scheduled to commence operations in 2021.

Contract award is subject to mutual agreement on the final agreement on terms and conditions, technical details, and board approval.

For further information, please contact:

Jon André Løkke, CEO, +47 907 44 949

Kjell Christian Bjørnsen, CFO, +47 917 02 097

About Nel ASA | www.nelhydrogen.com

Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy. We serve industries, energy, and gas companies with leading hydrogen technology. Our roots date back to 1927, and since then, we have had a proud history of development and continuous improvement of hydrogen technologies. Today, our solutions cover the entire value chain: from hydrogen production technologies to hydrogen fueling stations, enabling industries to transition to green hydrogen, and providing fuel cell electric vehicles with the same fast fueling and long range as fossil-fueled vehicles – without the emissions.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/nel-asa/r/nel-asa–selected-by-iberdrola-as-preferred-supplier-for-a-20-mw-green-fertilizer-project-in-spain,c3230644

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PR Newswire

Canadian Solar Schedules Third Quarter 2020 Earnings Conference Call for November 19

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GUELPH, ON, Oct. 30, 2020 — Canadian Solar Inc. ("the Company", "Canadian Solar") (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced that it will hold a conference call on Thursday, November 19, 2020 at 8:00 a.m. U.S. Eastern Standard Time (9:00 p.m., November 19, 2020 in Hong Kong) to discuss the Company’s third quarter 2020 results and business outlook.

The dial-in phone number for the live audio call is +1-866-519-4004 (toll-free from the U.S.), +852-3018-6771 (local dial-in from Hong Kong) or +1 845-675-0437 from international locations. The passcode for the call is 8846757. A live webcast of the conference call will also be available on the investor relations section of Canadian Solar’s website at www.canadiansolar.com.

A replay of the call will be available 2 hours after the conclusion of the call until 9:00 a.m. U.S. Eastern Standard Time on Friday, November 27, 2020 (10:00 p.m., November 27, 2020 in Hong Kong) and can be accessed by dialing +1-855-452-5696 (toll-free from the U.S.), +852-3051-2780 (local dial-in from Hong Kong) or +1-646-254-3697 from international locations. The passcode for the replay is 8846757. A webcast replay will also be available on the investor relations section of Canadian Solar’s at www.canadiansolar.com.

About Canadian Solar Inc.

Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar power companies. It is a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions and has a geographically diversified pipeline of utility-scale solar power projects in various stages of development. Over the past 19 years, Canadian Solar has successfully delivered over 46 GW of premium-quality, solar photovoltaic modules to customers in over 150 countries. Canadian Solar is one of the most bankable companies in the solar industry, having been publicly listed on NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

Canadian Solar Inc. Contacts

Isabel Zhang

Investor Relations

Canadian Solar Inc.

investor@canadiansolar.com

David Pasquale

Global IR Partners

Tel: +1-914-337-8801

csiq@globalirpartners.com

 

Related Links :

http://www.canadiansolar.com

PR Newswire

JinkoSolar’s Principal Operating Subsidiary Jinko Solar Co., Ltd Raises approximately US$ 458 Million in Preparation for its Listing on the STAR Market

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SHANGRAO, China, Oct. 30, 2020 — JinkoSolar Holding Co., Ltd. ("JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced the completion of a RMB 3.1 billion (approximately US$ 458 million) equity financing by its principal operating subsidiary Jinko Solar Co., Ltd. ("Jiangxi Jinko").

As previously announced, the equity financing was conducted to qualify Jiangxi Jinko for a listing on the Shanghai Stock Exchange’s Sci-Tech innovation board (the "STAR Market") and to raise additional capital to support its continuous expansion. Immediately after the closing, reputable Chinese third-party investors including China Industrial Bank Group, CIIT Asset Management Co., Ltd., YunShang Fund, Huaho Capital, and China Capital Management Co., Ltd., China Securities Investment Co., Ltd., together with JinkoSolar’s founders and senior management personnel, directly or through their investment arms, will collectively own approximately a 26.7% equity interest in Jiangxi Jinko.

Mr. Kangping Chen, Chief Executive Officer of JinkoSolar, commented, "The successful completion of this fundraising marks an important milestone for us and takes us one step closer to the planned listing of Jiangxi Jinko in China. It also provides us with the capital to expand our capacity and further strengthen our leading position in R&D. We are thankful for the strong support from our new investors and are committed to creating sustainable value for all our shareholders."

Following the closing of this transaction, JinkoSolar will actively prepare for the planned STAR Market listing of Jiangxi Jinko pursuant to relevant laws and regulations in China. JinkoSolar remains fully committed to its shareholders and its NYSE listing and will remain the majority and controlling shareholder of Jiangxi Jinko after its STAR Market listing.

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 20 GW for mono wafers, 11 GW for solar cells, and 25 GW for solar modules, as of June 30, 2020.

JinkoSolar has 7 production facilities globally, 14 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile, and Australia, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland, and Argentina.

To find out more, please see: www.jinkosolar.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

In China:

Ms. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: ir@jinkosolar.com

Mr. Rene Vanguestaine
Christensen
Tel: + 86 178 1749 0483
Email: rvanguestaine@ChristensenIR.com

In the U.S.:

Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com

Related Links :

http://www.jinkosolar.com

PR Newswire

Maxeon Solar Technologies Launches the SunPower Advantage Installer Program

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Channel expansion to promote high-quality solar in fast growing markets

SINGAPORE, Oct. 29, 2020 — Maxeon Solar Technologies, Ltd., (NASDAQ:MAXN), a global leader in solar innovation, today announced the launch of the SunPower Advantage Installer Program, a new initiative designed to help fuel the momentum of solar in certain rapidly growing European markets and to equip installers with tools to meet increasing demand for premium residential and commercial solar. The SunPower Advantage Installer Program has been introduced in Norway, Sweden, Denmark, Poland, Portugal and Spain.

SunPower Advantage Installer Program by Maxeon Solar Technologies
SunPower Advantage Installer Program by Maxeon Solar Technologies

"Maxeon has a great history of developing strong sales channels throughout the EMEA and APAC regions for over a decade," said Jeff Waters, CEO at Maxeon Solar Technologies. "The new SunPower Advantage Installer Program is the result of years of listening to installer needs, and it is just the first step in a wider expansion strategy that will extend our downstream footprint in high-growth residential and commercial markets".

The new initiative helps solar installers stay at the leading edge of technology and innovation, growing their business through specialized education and supporting the deployment of first-rate solar solutions.

The SunPower Advantage Installer Program includes:

  • Specialized Training – Educational modules will be delivered through a virtual platform to ensure professional installers are able to capitalize on the highest SunPower brand standards and installation expertise to build new business;
  • Expert Knowledge – A regular distribution of the latest news, technology and new product insights will allow installers to stay updated and ready to take advantage of market developments;
  • Labour Reimbursement Program – Qualifying SunPower Advantage Installers will be eligible for our Labour Reimbursement Program, which offers a rebate payment to offset a portion of the service/labor costs incurred by the installer during panel replacements under warranty;
  • Best-in-Class Reward System – Each time installers register their purchased modules through a scan app, they get points which are credited on their account, which can be redeemed for items in the SunPower Advantage Installer reward catalogue.

On completion of the specialized educational modules, installers are evaluated on their technical knowledge and competence, with passing scores qualifying them to proudly display the SunPower Advantage Installer badge.

"The SunPower Advantage Installer Program will enhance the already superior customer experience and state-of-the-art installations that our installers provide day in day out. A highly trained, qualified and expert installer network is a key to customer peace of mind."

The SunPower Advantage Installer Program is free of charge to the installers. More details are available here or on the SunPower Advantage Program website.

About Maxeon Solar Technologies
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Change™. Headquartered in Singapore, Maxeon designs and sells SunPower® brand solar panels across more than 100 countries and is the leader in solar innovation with access to over 900 patents and two best-in-class solar panel product lines. With operations in Africa, Asia, Oceania, Europe and Mexico, Maxeon products span the global rooftop and solar power plant markets through a network of more than 1,100 trusted partners and distributors. A pioneer in sustainable solar manufacturing, Maxeon leverages a 35-year history in the solar industry and numerous awards for its technology. For more information about how Maxeon is Powering Positive Change™ visit us at www.maxeon.com, on LinkedIn and on Twitter @maxeonsolar.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding: (a) our plans and expectations for our products and planned products, including the timing and scope of planned launches and rollouts, and anticipated demand; (b) our expectations regarding our industry and market factors, including anticipated demand and volume; (c) our expectations and plans for short- and long-term strategy, including our anticipated areas of focus and investment, market expansion, product and technology focus, and projected growth and profitability. These forward-looking statements are based on our current assumptions, expectations and beliefs and involve substantial risks and uncertainties that may cause results, performance or achievement to materially differ from those expressed or implied by these forward-looking statements.  A detailed discussion of these factors and other risks that affect our business is included in filings we make with the SEC from time to time, including our Form 20-F, which was declared effective by the SEC on August 4, 2020, particularly under the heading "Item 3.D. Risk Factors." Copies of these filings are available online from the SEC or on the Financials & Filings section of our Investor Relations website at www.maxeon.com/financials-filings/sec-filings. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events.

© 2020 Maxeon Solar Technologies, Ltd. All Rights Reserved. MAXEON is a registered trademark of Maxeon Solar Technologies, Ltd. Visit www.maxeon.com/trademarks for more information.

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Related Links :

http://www.maxeon.com

PR Newswire

ReneSola Power and Novergy to Form Joint Venture to Develop Solar Projects in the UK

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STAMFORD, Conn., Oct. 26, 2020 — ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, and Novergy, a subsidy-free solar platform specialised in the origination, development, design, optimization, construction and commissioning of solar projects in the United Kingdom, today announced that they entered into a strategic partnership agreement to co-develop utility-scale projects in the UK. 

As part of the agreement, ReneSola Power and Novergy will create a joint venture company.  The JV expects to continue the development of the existing pipeline of 100MW, and intends to develop at least another 100 MW of utility-scale projects in the next couple of years.

Mr. Josef Kastner, CEO of ReneSola European Region, commented, "We are excited about this partnership, as it combines strengths and competitive advantages of both companies, and provides new opportunities to enable further expansion into the UK market.  We expect the JV to benefit both companies by building a more robust utility project portfolio while leveraging our expertise in project development." 

Mr. Yumin Liu, Chief Executive Officer of ReneSola Power, added, "Business momentum continues. This is the second joint venture we have announced in a month, and we look forward to working with our partners to expand our reach in Europe.  We believe this once again represents an important step for us to grow our global pipeline in the next several quarters and beyond."

Mr. Florent Leblanc, Chief Executive Officer of Novergy, said, "We are delighted to be partnering with Renesola Power who is a long standing player in the solar sector and will enhance our financing and development capabilities in the UK. This agreement with Renesola Power is a testament to Novergy’s track record and a significant step towards our mission to develop 1GW of solar projects in the UK over the next few years."

About ReneSola Power

ReneSola Power (NYSE: SOL) is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across a number of regions where the solar power project markets are growing rapidly, and can sustain that growth due to improved clarity around government policies. The Company’s strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and Europe, where the Company has a market-leading position in several geographies, including Poland, Hungary, Minnesota and New York.

About Novergy

Novergy has one of the strongest track records in the UK Solar PV sector with direct involvement in over 1GW of large-scale solar projects and has for ambitions to play a leading role in the decabornisation of the UK electricity sector at no cost to the tax payer.  Our mission is the origination, development, design, financing, construction and operation of new solar PV in the UK.

Related Links :

http://www.renesolapower.com

PR Newswire

Arctech Solar Unveils New Website to Boost Branding Efforts

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SHANGHAI, Oct. 9, 2020 — Arctech Solar, a leading solar tracking, racking and BIPV system provider, is proud to announce the launch of its newly redesigned website, aiming to offer an elevated and user-friendly browsing experience for our trusted and valued customers and business partners.

This is a new milestone in the innovation-driven, customer-centered company’s branding efforts. Arctech Solar’s new website features improved navigation and functionality, it treats orange as the main background color which is simple and graceful. More importantly, Arctech Solar endeavors to provide its current and prospective customers and partners with the most accurate, up-to-date information on the full product portfolio and comprehensive services of smart solar trackers that it can offer. A generous application of videos, photos and graphics, along with sufficiently detailed and engaging content regarding the company’s products, solutions, and cases to guide visitors. Amongst the new features, the site contains integrated social media buttons for LinkedIn, Facebook, Twitter, YouTube and WeChat to foster improved communication with partners and clients.

Arctech Solar is showing strong momentum in growth and innovation this year despite Covid-19 disruption. It successfully went public on Shanghai Sci-tech Innovation Board in August, and has officially unveiled state-of-the-art SkySmart II solution, which is compatible with high-power & large modules, and satisfy the stability and LCOE requirement. The newly-launched website is also a new starting point for the company. Looking forward, Arctech Solar is excited to see opportunity abounding, and will stay committed to serving valued customers and partners with top-quality products and excellent services.

For more information on Arctech Solar and to view the new site, please visit www.arctechsolar.com starting September 2020.

About Arctech Solar

Arctech Solar (SSE-STAR: 688408) is one of the world’s leading manufacturers and solution providers of solar tracking, racking and BIPV systems. In the past decade, Arctech Solar has successfully set up overseas subsidiaries/business service centers in China, Japan, India, U.S., Spain, Australia, UAE, Mexico, Chile, Brazil and Vietnam. As of the end of 2019, the company has cumulatively installed around 24 GW capacity and completed around 900 projects in 24 countries. Today, Arctech Solar is a reliable partner in the global PV tracking, racking and BIPV industry. For more information, please visit www.arctechsolar.com.

Press Contact:
Lisa Zhou
Telephone: +86-18918888669
Email Address: lisa.zhou@arctechsolar.com

Related Links :

http://www.arctechsolar.com

http://www.arctechsolar.cn

PR Newswire

Sungrow Bags 800 MWp PV Inverter Solution Contract in Qatar

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DOHA, Qatar, Oct. 7, 2020 — Sungrow, the global leading inverter solution supplier for renewables, announced that it will power the 800 MWp Al Kharsaa project in Qatar with featured 1500V string inverter SG250HX. The project is noteworthy as the third-largest solar plant in the world and the first utility-scale solar project in Qatar. It’s planned to be fully operational before the 2022 World Cup, supporting Qatar National Vision 2030 by facilitating local economic decarbonization and sustainable development.

The 800 MW Contract Signing Ceremony
The 800 MW Contract Signing Ceremony

The 800 MWp plant is located 80 km west of Doha, Qatar, covering 1000 hectares in a tropical desert and featuring ample sunlight whereas high temperatures and strong wind. The project was awarded to a consortium of Marubeni and Total as the result of the country’s first solar tender, benefiting from a 25-year power purchase agreement (PPA) to supply electricity to the offtaker Kahramaa. It will represent around 10% of electricity peak demand of the country and reduce the carbon dioxide emissions of Qatar by 26 million tonnes during its lifetime.

Sungrow will supply the world’s most powerful 1500V string inverter SG250HX, which is resilient in harsh conditions given the IP66 and C5 protection capability and smart forced air-cooling technology. Compatible with bifacial modules and tracking systems, the solution allows considerable yields by leveraging the sunlight resources onsite. It enables flexible block design allowing up to 6.75 MW, significantly saving the initial investment and streamlining O&M. As one of the best-selling PV inverter solutions, SG250HX is expected to be deployed over 3 GW by the end of 2020.

As the independent power producers (IPP) of the landmark project, Marubeni from Japan and Total from France show great confidence towards the rosy prospect of the project due to prominent product solutions and 100% bankability of Sungrow.

"The Al Kharsaa project is a breakthrough in our track record and will lay the solid foundation for our robust partnership with Sungrow. High-performing products, reliable service, timely deliveries and speed of commissioning have made them a preferred partner for our growing list of assets," commented Mr. Yu Hao, Vice General Manager from Power China, the EPC of the project.

"We are proud to pioneer the first utility-scale solar project in Qatar with the best of our expertise and prop up the national commitment towards a more sustainable society. We’d like to explore more competitive projects to unlock values for stakeholders in the Middle East," said James Wu, Vice President of Sungrow. Wu also mentioned that the Company supplied a 500 MW project in Oman and a 900 MW project in Dubai.

About Sungrow

Sungrow Power Supply Co., Ltd ("Sungrow") is the world’s most bankable inverter brand with over 120 GW installed worldwide as of June 2020. Founded in 1997 by University Professor Cao Renxian, Sungrow is a leader in the research and development of solar inverters, with the largest dedicated R&D team in the industry and a broad product portfolio offering PV inverter solutions and energy storage systems for utility-scale, commercial, and residential applications, as well as internationally recognized floating PV plant solutions. With a strong 23-year track record in the PV space, Sungrow products power installations in over 120 countries, maintaining a worldwide market share of over 15%. Learn more about Sungrow by visiting www.sungrowpower.com.

Photo – https://photos.prnasia.com/prnh/20201007/2942872-1?lang=0

Related Links :

http://www.sungrowpower.com

PR Newswire

Maxeon Solar Technologies Files Patent Action Against Canadian Solar in Japan

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SINGAPORE, Sept. 29, 2020 — Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation, today announced that it filed a patent infringement lawsuit against Canadian Solar Japan K.K., in Tokyo District Court, Japan.

The lawsuit filing alleges Canadian Solar Japan infringes Maxeon’s Japan Patent No. JP6642841B2 ("Shingled Solar Cell Module") for the proprietary and fundamental shingled solar cell panel technology used to deploy solar panels that Maxeon designs, manufactures and sells under the ‘SunPower Performance’ brand name. Canadian Solar Japan is a wholly owned subsidiary of Canadian Solar Inc., which is headquartered in Canada with operations and production facilities in China and in South-East Asia.

Shingled solar cell panels are typically made from separating solar cells into smaller solar cell strips and then connecting the resulting solar cell strips in an over-lapping layout. The result is a higher power, higher efficiency panel, with enhanced reliability and improved durability compared to conventional panels.

The Performance panel architecture and manufacturing processes were pioneered by Silicon Valley-based start-up company Cogenra Solar which was acquired by SunPower Corporation in 2015. In the subsequent spinoff of Maxeon Solar Technologies, Maxeon retained the use of the SunPower brand in the more than 100 markets it serves. Maxeon produces its SunPower Performance solar panels in China at Huansheng Photovoltaic (Jiangsu) Co., Ltd., its joint venture with Tianjin Zhonghuan Semiconductor Co., Ltd. With more than 3 gigawatts deployed across over 60 countries to date, Performance panels are the industry’s most deployed shingled solar cell panel technology.

"We’ve built our business on a 35-year foundation of pioneering solar innovation. The intellectual property behind our shingled solar cell technology was developed by our talented design and engineering teams and is the result of substantial investment," said Jeff Waters, CEO of Maxeon Solar Technologies. "The resultant Performance technology outperforms conventional panels in efficiency, power, reliability and aesthetics."

The innovation behind Performance panels is protected by an international portfolio of more than 150 patents and patent applications covering shingled solar cell and panel design, as well as key manufacturing tools and processes.

"We feel very strongly about the importance of upholding our intellectual property rights, and view our intellectual property as a key business asset," added Lindsey Wiedmann, Maxeon’s Chief Legal Officer. "Maxeon’s patent portfolio, which now includes more than 900 patents, helps protect the many technical advancements we’ve made through the years that have led us to a prominent position in the solar industry," continued Wiedmann. "We must vigorously safeguard these valuable assets, and this action against Canadian Solar is a necessary step to prevent unauthorized use of our intellectual property.  Respect of intellectual property rights is critical to incentivize innovation and for the orderly ongoing development of the solar industry."

About Maxeon Solar Technologies
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Change™. Headquartered in Singapore, Maxeon designs and sells SunPower® brand solar panels across more than 100 countries and is the leader in solar innovation with access to over 900 patents and two best-in-class solar panel product lines. With operations in Africa, Asia, Oceania, Europe and Mexico, Maxeon products span the global rooftop and solar power plant markets through a network of more than 1,100 trusted partners and distributors. A pioneer in sustainable solar manufacturing, Maxeon leverages a 35-year history in the solar industry and numerous awards for its technology.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding our future plans and areas of focus, our positioning and business plans for future success, and our positioning to enforce patent rights. These forward-looking statements are based on our current assumptions, expectations and beliefs and involve substantial risks and uncertainties that may cause results, performance or achievement to materially differ from those expressed or implied by these forward-looking statements. A detailed discussion of these factors and other risks that affect our business is included in filings we make with the Securities and Exchange Commission (SEC) from time to time, including our most recent report on Form 20-F, as amended, particularly under the heading "Risk Factors." Copies of these filings are available online from the SEC or on the SEC Filings section of our Investor Relations website at www.maxeon.com/investor-relations. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events.

© 2020 Maxeon Solar Technologies, Ltd. All Rights Reserved. MAXEON is a registered trademark of Maxeon Solar Technologies, Ltd. View maxeon.com/trademarks for more information.

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Related Links :

http://www.maxeon.com

PR Newswire

ReneSola Power and Vodasun to Form Joint Venture to Develop Solar Projects in Germany

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STAMFORD, Conn., Sept. 28, 2020 — ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, and Vodasun, a Munich, Germany-based project developer specialized in the development and construction of solar parks, today announced that they entered into a strategic partnership agreement to co-develop and market ready-to-build (RTB) ground-mounted solar projects in Germany. 

As part of the agreement, ReneSola Power and Vodasun will create a 50/50 joint venture company with a starting project portfolio of 50 to 100 MW. The JV intends to develop these projects, as well as develop an additional 50 to 100 MW of new projects per year.

Mr. Josef Kastner, CEO of ReneSola European Region, commented, "From a strategic perspective, the combined strengths and reputations of both companies will provide new opportunities to enable further expansion into Germany. The JV will benefit both companies by building a more robust project portfolio while leveraging our know-how and experience in project development. Additionally, we believe the JV will produce cost synergies to enhance profitability as we navigate the challenging macro environment."

Mr. Yumin Liu, Chief Executive Officer of ReneSola Power, added, "We are excited about this strategic partnership with Vodasun, and look forward to working with their team to expand our reach into Germany. We believe this is a meaningful step for us to achieve our global pipeline growth target in the next several quarters and beyond."

About ReneSola Power

ReneSola Power (NYSE: SOL) is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across a number of regions where the solar power project markets are growing rapidly, and can sustain that growth due to improved clarity around government policies. The Company’s strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and Europe, where the Company has a market-leading position in several geographies, including Poland, Hungary, Minnesota and New York.

About Vodasun

Since 2009, Vodasun plans, builds and operates turnkey photovoltaic systems throughout Germany. The range of services extends from single-family homes to complex large-scale projects with installed capacities in the megawatt range. The Vodasun Group is divided into three companies: Vodasun Akquise und Vertriebs GmbH develops and sells PV projects to private and institutional investors, Vodasun Construction is as EPC company responsible for the turnkey construction and Vodastrom subsequently takes over the commercial and technical management of the plants. The best engineering and the use of high quality components ensure the yield and longevity of the projects.

Related Links :

http://www.renesolapower.com

PR Newswire

Canadian Solar Comments on ITC Complaint Filed by Solaria Corporation

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GUELPH, ON, Sept. 25, 2020 — Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), today issued the following comment:

Over the past five months, Canadian Solar has been vigorously litigating a patent lawsuit filed by Solaria in April 2020 in the U.S. District Court in Oakland, California, entitled The Solaria Corporation v. Canadian Solar Inc., Case No. 4:20-cv-02169-JST (N.D. Cal.). Canadian Solar countersued with claims requesting that the Court declare, as Canadian Solar believes, that:

(1) none of the products at issue in the case infringe the Solaria patents;

(2) Solaria withheld key evidence from the U.S. Patent Office when seeking its patents; and

(3) this, among other reasons, renders the asserted claims both invalid and unenforceable. 

In the face of Canadian Solar’s countersuit, Solaria opted to file a new lawsuit with the U.S. International Trade Commission (ITC), entitled Certain Shingled Solar Modules, Components Thereof, and Methods for Manufacturing the Same, Section 337 Investigation Docket No. 3491. The ITC investigation is expected to be instituted next month. 

Asserting the same family of patents against the same limited number of products (HiDM and HiDM5) in a different forum does not make Solaria’s claims any less flawed. Canadian Solar will continue to vigorously defend these lawsuits, while the Company continues to focus its energy on developing superior product and bringing innovation to the market.

About Canadian Solar Inc.

Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar power companies. It is a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions and has a geographically diversified pipeline of utility-scale solar power projects in various stages of development. Over the past 19 years, Canadian Solar has successfully delivered over 46 GW of premium-quality, solar photovoltaic modules to customers in over 150 countries. Canadian Solar is one of the most bankable companies in the solar industry, having been publicly listed on NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements

Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as Japan, the U.S., India and China; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; delays in the process of qualifying to list the MSS subsidiary in the PRC; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company’s SEC filings, including its annual report on Form 20-F filed on April 28, 2020. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

Related Links :

http://www.canadiansolar.com