Tag Archives: GRE

PR Newswire

FTC Solar Launches Voyager+ Tracker Supporting 500+ Watt Module Transition

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FTC Solar is taking orders for Voyager+ with support for large-format modules   

AUSTIN, Texas, Feb. 8, 2021 – FTC Solar today announced the release of Voyager+, the next generation of its single-axis Voyager tracker, engineered to provide compatibility with new large-format solar modules now entering the marketplace.  

The large modules entering the market are built to incorporate larger solar cells, which are the energy-producing heart of each solar panel.  With these larger 182mm and 210mm cells, the modules can achieve power output exceeding 500 watts. Voyager+ supports these larger format modules and will be able to accommodate multiple module sizes from a variety of solar manufacturers.   

"We are seeing an increasing level of interest around large-format modules and are pleased to introduce this new Voyager line to support our customers," said Tony Etnyre, FTC Solar’s CEO. "As the industry transitions to larger modules, FTC Solar is ready to deliver tracking systems that are compatible with a variety of module sizes and configurations while maintaining our two-in-portrait format and industry-leading installation speeds," he added.    

FTC Solar is currently conducting tests at its research facility near Denver, Colorado, and will be evaluating the performance and structural requirements of a wide variety of large-format modules. 

Large-format modules are expected to lower solar project development costs. According to a Wood Mackenzie industry analysis, labor savings alone could be up to 6%, and energy production per acre will increase, with production gains depending on the module size and technology.

The transition to large-format modules is the next step forward in an industry that has been aligned around smaller standard module sizes for over a decade. The industry’s ecosystem of electrical and structural components has been developed around these modules and standardization has simplified construction, driving overall system costs down.

The new large format modules will continue to drive system-level efficiency improvements. FTC Solar has been collaborating with module manufacturers to identify and implement engineering changes to support larger modules such as strengthened torque tubes and modified damping technology.   

Module manufacturers are ramping up production of 500W modules with 600W modules expected to be deployed in the second half of 2021.     

About FTC Solar    
 FTC Solar is a fast-growing, global provider of solar tracker systems, technology, software, and engineering services.  FTC Solar’s innovative tracker designs provide compelling performance and reliability, with an industry-leading installation cost-per-watt advantage.   

Founded in 2017 by a group of renewable energy industry veterans, FTC Solar is headquartered in Austin, Texas, and maintains sales and support offices in Australia, India, the Middle East and Southeast Asia.  For more information, please visit https://www.ftcsolar.com/

Media Contact:  

Amber Gallagher-Schranz  
Email: pr@ftcsolar.com  
Phone: 866-FTC-SOLAR  

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PR Newswire

A new ranking by MIT Technology Review Insights highlights the countries making the fastest progress to a low-carbon future

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CAMBRIDGE, Mass., Jan. 26, 2021 — The Green Future Index, a new study by MIT Technology Review Insights in association with Citrix, Morgan Stanley, and Salesforce ranks 76 countries and territories on the progress and commitment they are making toward a green future by reducing carbon emissions, developing clean energy, and innovating in green sectors, as well as the degree to which governments are implementing effective climate policies.

(PRNewsFoto/MIT Technology Review Insights)
(PRNewsFoto/MIT Technology Review Insights)

The interactive index shows which countries are progressing fastest in global efforts to decarbonize and limit global heating in line with the goals of the Paris Agreement.

The key findings are as follows:

  • Europe will be a future green leader. Europe dominates the top of the index, with 15 European nations in the top 20. Many countries across the region have already made progress with curbing emissions, transitioning energy production to renewable sources, and investing in green mobility. Since covid, the EU has committed more than €200 billion in bold green economy investments, accelerating decarbonization even in the most fossil-fuel dependent states.
  • Iceland, Denmark, and Norway top the index. Iceland, in first place, aims to be carbon neutral by 2040. The country has become a world leader in clean energy and carbon capture technology. Denmark (2nd) is the largest producer of hydrocarbons in Europe to stop issuing new oil and gas exploration licenses. Norway (3rd) is also striving to decouple its economy from fossil fuels.
  • Costa Rica and New Zealand secure top 10 positions. Costa Rica, ranked 7th, and New Zealand, ranked 8th, have made major strides with renewables and have world-leading agendas for decarbonization across industry and agriculture. Canada (14th), Singapore (16th), and Uruguay (20th), the other non-Europeans in the top 20, have strategies for decarbonization, transitioning energy sources, and government-led initiatives to promote green living, such as Singapore’s Zero Waste Masterplan, which aims to reduce landfill waste by 30% between now and 2030.
  • There is uneven progress across the world’s largest economies. The United States (40th) has reduced emissions over recent years and is responsible for nearly one-fifth of the world’s green patents. Yet it is emerging from four years of climate denial and remains heavily dependent on fossil fuels and unsustainable farming practices. China (45th) is responsible for more than one-quarter of global emissions but has pledged to become carbon neutral by 2060 and is the world’s fastest growing producer of renewable energy. France (5th), Germany (11th), and Canada (14th) are the highest ranked countries in the G20.
  • The countries at the bottom of the index risk losing competitiveness in the green economy. The laggards include South Africa (47th), Vietnam (49th), and Indonesia (57th), where economic pressures run counter to sustainable development. Japan (60th) has a goal to be carbon neutral by 2050, although government targets for renewable energy remain modest. The 16 "abstainer" countries at the bottom include petrostates such as Saudi Arabia, Iran, Qatar, and Russia. The latter’s Energy Strategy 2035 for expanding oil and gas production identified the trend toward carbon neutrality as an existential threat.

"With hundreds of billions of dollars being injected into economies worldwide, covid-19 has created huge momentum for developing green industries and financing infrastructure that will be clean, technologically advanced, and climate resilient," says Nico Crepaldi, head of custom content, MIT Technology Review. "In the future, we’re likely to see ‘green’ being synonymous with economic competitiveness."

To view the research findings, visit the interactive page or click here to download the report.

For more information, please contact us at insights@technologyreview.com 
About MIT Technology Review

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PR Newswire

Sungrow Supplies a 100 MW Energy Storage Project in Texas

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FORT WORTH, TX., Jan. 22, 2021 — Sungrow, the global leading inverter solution supplier for renewables, announced that it has forged a contract to supply its fully integrated Energy Storage System to the 100 MWac Chisholm Grid project in Fort Worth, Texas. Chisholm Grid has been under construction since August of 2020 and will be one of the largest battery energy storage facilities in Texas when work onsite is completed this June. The facility, utilizing industry leading NMC battery technology, will generate revenue from the sale of energy and grid stabilization services to the ERCOT wholesale electricity market.

The Chisholm Grid Battery Energy Storage Project is owned by Astral Electricity, LLC, a privately-held energy storage power producer, and was developed by Able Grid Infrastructure Holdings, LLC, a joint venture between Able Grid and MAP RE/ES. Able Grid will provide operational asset management services for the site following commercial operations in mid-2021.

Sungrow’s ESS solution deployed for this project is the latest product lineup. At the heart of the technology are lithium-ion batteries, combined with Sungrow’s advanced converters and controls. Sungrow Services will maintain the asset under a long-term services agreement, reducing operating costs and extending the life span of the assets.

As an industry leading company, Sungrow must do everything possible to maintain its safety edge. "The safe operation of the project is of vital concern to us," said Neil Bradshaw, the Senior Technical Sales Manager. "Not only is every cell protected electrically in a three-tier BMS system and supervisory controls, but each small battery module has internal thermal barriers and suppression technology. Sungrow is eager to show the world that battery energy storage at this scale is a safe, reliable and sustainable solution to ensure grid reliability amidst demanding market operating conditions," he added.

"Years of innovation by Sungrow as a global technology leader now allows companies like Astral Electricity to deploy market-driven solutions that will accelerate the decarbonization of electricity supplies while also improving grid performance. Sungrow’s highly-integrated offering, history of successful deployment and collaboration with technology providers were key factors in our supplier decision. We are looking forward Sungrow’s product providing reliable operations for many years to come," commented Aaron Zubaty, CEO of MAP RE/ES.

"The landmark Chisholm Grid energy storage project is another exciting milestone in the US energy storage market which is strongly positioned for immense growth," said Mizhi Zhang, Managing Director of Energy Storage, Sungrow Americas. "We’re poised to pioneer more energy storage innovations backed by the industry’s largest R&D team and 24-year proven track record. Our agile local team can offer responsive technical support, sales and industry-leading after-sales service," he added.

As one of the key players in the energy storage market, Sungrow is an early entrant in the North American storage market with a deployment footprint spreading across multiple states including California, Massachusetts and Texas, achieving milestones both in the utility scale storage market as well as the C&I market where Sungrow currently maintains a strong position in North America. The Company acquired orders totaling 1.4 GWh in North America in 2020 including both standalone energy storage projects and storage in combination with power plants.

About MAP RE/ES

MAP RE/ES has been an innovating and leading investor in renewable energy projects since 2005 and has directly funded the development of more than 16,000 MW of operating wind and solar generating capacity located across the United States. In December 2020, MAP RE/ES announced the acquisition by Global Infrastructure Partners Fund IV of 100% of the MAP RE/ES investment platform, team, and renewable energy assets under management.

About Astral Electricity, LLC

Astral Electricity is a privately-held energy storage power producer that sees an opportunity where others see risk. Astral leverages decades of experience funding and developing wind and solar projects throughout the country to create a unique view on the future fabric of power generation, transmission and energy consumption. Astral’s deployment of large-scale standalone energy storage systems provides a new dimension of market-based solutions that balance electricity grids while catalyzing electricity sector decarbonization. 

www.astralelectricity.com

About Able Grid Energy Solutions, Inc. 

Able Grid Energy Solutions, Inc. ("Able Grid") is a utility-scale energy storage developer. In partnership with utilities, municipalities, communities, and leading corporate buyers, Able Grid is developing low-cost energy storage assets that provide reliable, emissions-free capacity to manage the physical and financial volatility of energy markets. We focus on investing in communities and markets where energy storage will provide long-term value to utilities managing a diverse energy portfolio to provide low-cost and sustainable power for their customers. www.ablegridenergy.com

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 24-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.

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PR Newswire

JinkoSolar Wins PV Magazine Award 2020 for its Tiger Monofacial Module

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SHANGRAO, China, Jan. 21, 2021 — JinkoSolar Holding Co., Ltd. (the "Company" or "JinkoSolar") (NYSE:JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it has won the prestigious PV Magazine Award 2020 in the Module category for its Tiger monofacial module.

PV Magazine assembles expert juries and representatives from the global solar world every year and the PV Magazine award is presented to honor technological innovations and groundbreaking solutions in the solar and energy storage industries. The jury has recognized JinkoSolar’s Tiger monofacial module for its outstanding ultra-high performance and quality, especially its innovation in TR technology, which eliminates the cell gap to increase module efficiency significantly.

Mr. Kangping Chen, Chief Executive Officer of JinkoSolar, commented, "We are very proud to start the new year with our first internationally acclaimed award from PV Magazine in the module category. We are in the business of innovation and continuously pushing the boundaries of technology to make clean energy accessible to the world. Thanks to our dedicated R&D team, JinkoSolar continues to be recognized by field experts as we set new standards in the industry. We believe that innovation is the key to continued success and reinforces our strong positioning in the global PV industry, which in-turn makes JinkoSolar a more bankable brand to create value for our shareholders."

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 September 30, 2020.

JinkoSolar has 9 productions facilities globally, 20 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE, Kenya, Denmark, 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, as of September 30, 2020.

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

Related Links :

http://www.jinkosolar.com

PR Newswire

Maxeon Solar Technologies Earns Prestigious LEED Gold Certification

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Solar cell production plant in the Philippines becomes company’s fifth global facility with recognized green building standards

SINGAPORE, Jan. 19, 2021 — Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation, announced today that its Maxeon solar cell fabrication facility in Laguna, Philippines, has been awarded Leadership in Energy and Environmental Design for Building Design and Construction (LEED BD+C) Gold certification for its environmental performance and sustainable operations, making it the fifth building to meet sustainable LEED standards for the company.

LEED is a green building certification program developed by the non-profit U.S. Green Building Council (USGBC) and used worldwide. It is a transparent process that includes a set of rating systems for the design, construction, operation, and maintenance of green constructions aiming to help building owners and operators be environmentally responsible and use resources efficiently. In particular, LEED for Building Design and Construction (LEED BD+C) provides a framework for planning and building a holistic green edifice, giving the opportunity to implement every sustainability feature and maximizing the benefits.

"We are honored to receive this designation which is an international symbol of excellence and recognizes our efforts towards sustainability, a green environment and the preservation of human health," said Lindsey Wiedmann, Chief Legal Officer and Global Environment, Social, Governance (ESG) Executive Leader at Maxeon Solar Technologies. "We hold ourselves and our products to a higher standard, and believe in delivering solar technologies as clean as the energy they produce. We have five LEED-certified buildings, including three LEED Gold manufacturing sites and two LEED Platinum administrative buildings. We’re proud to tell our customers that every Maxeon IBC solar cell we make will now come from a LEED Gold-certified facility."

The Philippines manufacturing site received LEED BD+C Gold certification for implementing, during the planning and construction phase of the new edifice, a number of measurable strategies and solutions that aimed at achieving high performance in the certification’s six categories: sustainable sites, water efficiency, indoor environmental quality, materials and resources, energy and atmosphere, innovation and design.

Some of the features that helped the plant earn its attestation include:

  • Sustainable site – During the site development phase, the impact of construction on the environment was minimal, with about 20% vegetated open space maintained. The site is also designed with bicycle racks, showers, and changing facilities for employees. A solar carport, roof with high reflectance index and open grid pavement contributed to a more sustainable environment.
  • Water Efficiency – A 50.45% reduction in water use for all plumbing fixtures over conventional use was demonstrated. The presence of native plants and turfing eliminates permanent irrigation system.
  • Energy & Atmosphere – In parallel to the building’s efficient energy systems such as lighting and cooling, a wafer fab facility requires a great amount of electricity for production use. Most equipment that discharges a great amount of heat were designed to recover waste heat for process water heating. The completed energy model demonstrated a 16.7% improvement over  the ASHRAE standard.
  • Materials and resources – The site’s construction waste management plan ensured that 93% of construction waste was diverted from the landfill. The building’s envelope retains 96% of the previous building’s structure.
  • Indoor Air Quality – Best practices were implemented to prevent indoor air pollution during construction, and employee surveys are regularly conducted to continue to ensure staff comfort and health.
  • Innovation – The plan for ongoing operation includes the implementation of green cleaning and green purchasing policies, solid waste management and further reductions in water and energy use. Furthermore, a 225kWp solar panel grid-tie system was recently energized on the manufacturing rooftop.

"In all new developments, Maxeon will continue to hold itself to a high standard to protect the environment and be a leader in sustainability," added Jeff Waters, CEO at Maxeon Solar Technologies. "Each employee embraces it as their goal to preserve and regenerate our environment, and to contribute to Maxeon’s global environmental stewardship."

To learn more about Maxeon Solar Technologies’ accountability in Environmental, Social and Governance (ESG) practices, please visit https://www.maxeon.com/esg.

About Maxeon Solar Technologies
Maxeon Solar Technologies (NASDAQ:MAXN) is Powering Positive Change™. Headquartered in Singapore, Maxeon designs, manufactures and sells SunPower® brand solar panels in more than 100 countries, operating the SunPower brand worldwide except the United States and Canada. The company 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) the effectiveness of our environmental and sustainability efforts and our ability to achieve the expected benefits; and (b) the incorporation of sustainable or environmentally beneficial features during development of new projects or processes, or the implementation of improvements to existing projects and processes. These forward-looking statements are based on our current assumptions, expectations and beliefs and involve 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 :

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PR Newswire

Prince Albert of Monaco to deliver keynote address at Abu Dhabi Sustainability Week Summit

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– Reimagined ADSW 2021 comprises high-level virtual events including ADSW Summit, IRENA Assembly, Abu Dhabi Sustainable Finance Forum, Atlantic Council Global Energy Forum, Youth 4 Sustainability Virtual Forums and World Future Energy Summit Webinars

– Global leaders from policy, industry and technology to explore social, economic and technological opportunities for delivering a green recovery

ABU DHABI, United Arab Emirates, Jan. 18, 2021 — H.S.H Prince Albert II of Monaco, Head of State, Principality of Monaco will deliver a keynote address at Abu Dhabi Sustainability Week (ADSW), the global platform for accelerating sustainable development, hosted by Masdar, which runs from 18-21 January 2021 as a reimagined virtual event this year.

 

Prince Albert of Monaco to deliver keynote address at Abu Dhabi Sustainability Week Summit
Prince Albert of Monaco to deliver keynote address at Abu Dhabi Sustainability Week Summit

 

His speech on national resilience in the face of COVID-19 at the ADSW Summit on 19 January, will follow the keynote by His Excellency Dr. Sultan Ahmed Al Jaber, UAE’s Minister of Industry and Advanced Technology and Special Envoy for Climate Change and Chairman of Masdar, and is expected to help set the agenda for a green recovery in a post-pandemic world.

ADSW Summit will feature more than 70 high-level speakers from around the world and broadcast online across different time zones to engage audiences across various geographies and markets. The agenda runs over three two-hour sessions that focus on the pillars of "Live & Move," "Care & Engage," and "Work & Invest," with each pillar exploring social, economic and technological opportunities to set and support a sustainable recovery.

The speakers at the one-day virtual ADSW Summit will also include: H.E. Khaldoon Khalifa Al Mubarak, Managing Director and Group CEO Mubadala Investment Company; H.R.H Prince Khaled bin Alwaleed bin Talal Al Saud, Founder and CEO, KBW Ventures; H.E. Grace Fu, Minister for Sustainability and the Environment of the Republic of Singapore; H.E. Sheikha Bodour bint Sultan Al Qasimi, Founder & CEO, Kalimat Publishing Group; H.E. Eng. Awaidha Murshed Al Marar, Chairman of Abu Dhabi Department of Energy; Francesco La Camera, Director General, IRENA; Maimunah Mohd Sharif, Executive Director UN-Habitat; Noel Quinn, Group Chief Executive Officer, HSBC Holdings; Laurence Fink, Chairman and CEO BlackRock; and Dr. Lucas Joppa, Chief Environmental Officer, Microsoft, in addition to many other high-level speakers.

ADSW 2021, which is supported by Abu Dhabi’s Department of Energy as a Principal Partner, will feature a series of high-level virtual events, including the ADSW Summit, IRENA Assembly, Abu Dhabi Sustainable Finance Forum, Atlantic Council Global Energy Forum, Youth 4 Sustainability Virtual Forums and the World Future Energy Summit Webinars.

Through initiatives and events, ADSW is committed to the sharing of knowledge, implementation of strategies and the delivery of real-world solutions to address the challenges related to sustainability and climate change. As the first global event in the UAE’s Golden Jubilee year, ADSW 2021 will help galvanize further collaboration among government, business and community stakeholders to achieve the United Nations’ Sustainable Development Goals

For over a decade, Abu Dhabi has provided a sustainable platform for the global community that has grown through its initiatives and events to emerge as a thought leader and catalyst that accelerates sustainable development around the world.

The 2020 edition of Abu Dhabi Sustainability Week hosted around 45,000 attendees from 170 countries, with more than 500 high-level speakers from around the world.

To ensure the safety of all participants, ADSW 2021 and all related high-level events will take place virtually. The physical program of ADSW will return in 2022.

Register now for the ADSW Summit at www.adsw.ae

About Abu Dhabi Sustainability Week

Abu Dhabi Sustainability Week (ADSW) is a global platform for accelerating the world’s sustainable development. The week brings together a unique fusion of policy makers, industry specialists, technology pioneers and the next generation of sustainability leaders. Through its initiatives and events, ADSW is a catalyst for sharing knowledge, implementing strategies and delivering solutions to drive human progress.

ADSW is committed to furthering our understanding of the major social, economic and environmental trends shaping the world’s sustainable development. 

About Masdar

Abu Dhabi’s renewable energy company Masdar is advancing the commercialization and deployment of renewable energy, sustainable urban development and clean technologies to address global sustainability challenges. Wholly owned by Mubadala Investment Company, the strategic investment company of the Government of Abu Dhabi, our mandate is to help maintain the UAE’s leadership in the global energy sector, while supporting the diversification of both its economy and energy sources for the benefit of future generations. Today, Masdar is active in more than 30 countries, including the UAE, Jordan, Saudi Arabia, Mauritania, Egypt, Morocco, the UK, the US, Australia, Spain, Serbia, India, Indonesia, Uzbekistan, and many more.

 

 

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PR Newswire

JA Solar Recognized as “Overall High Achiever” in PV Module Index Report 2020 Released by RETC

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BEIJING, Jan. 12, 2021 — JA Solar, a manufacturer of high-performance photovoltaic (PV) products, was recognized as an "Overall High Achiever" in the PV Module Index Report 2020 (PVMI) recently released by the Renewable Energy Test Center (RETC) – an authoritative testing agency in the United States – for its modules’ excellent performance in strict testing for quality, reliability and performance. The company is one of the three module manufacturers to win this recognition.

PVMI was first launched by RETC in 2019 in response to market demand. It is the first report in the industry that comprehensively covers the test results on the three aspects of quality, reliability and performance. The report evaluates the modules through tests for damp heat (DH), humidity freeze (HF) and thermal cycle (TC), etc., and through the testing results of module efficiency, light induced degradation (LID) and random sampling, etc. It aims to select the modules with the best performance to provide reference to module manufacturers in product technology innovation, high-quality production, and to downstream manufacturers in module selection.

RETC said in the report that in order to select "the best of the best" among multiple module manufacturers, they scored and ranked the manufacturers based on comprehensive module quality, reliability and performance. "Manufacturers and product lines that achieve high performance according to these three disciplines not only demonstrate a commitment to excellence, but also provide a benchmark – a quantitative measure representing the best that the industry has to offer."

PR Newswire

ReneSola Power Announces Sale of 12.3 MW of Projects in Hungary

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STAMFORD, Conn., Jan. 8, 2021 — ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced that it entered into an agreement to sell a portfolio of projects located in Hungary to Obton, a leading international solar investment company headquartered in Aarhus, Denmark.

The portfolio comprises 20 solar plants in five locations, including Sárbogárd, Kömlöd, Szajol, Lukacshaza, and Törökszentmiklós, with a combined capacity of 12.3 MW.  These 20 solar projects, which were successfully connected to the grid in 2020, are now in operation and are qualified under the Hungarian 25-year KAT feed-in tariff scheme.

Mr. Josef Kastner, CEO of ReneSola European Region, commented, "Despite ongoing challenging macro conditions, our team continues to execute on our strategy and optimize our solar assets through strategic sales. Obton remains a valuable partner for us, and we are thrilled to once again collaborate on this transaction. We look forward to working with Obton in Hungary and other geographies across Europe in the future."

ReneSola Power CEO Yumin Liu added, "Over the past several years, we have demonstrated our expertise in developing and operating solar projects, closing financing transactions and monetizing projects to generate profits in the downstream segment of the solar industry across Europe.  Hungary remains an important market for solar power in the EU, and this transaction further strengthens ReneSola Power’s market position in the country.  We are proud of our team, and believe we are well-positioned to drive more profitable growth in the quarters ahead."

Mr. Anders Marcus, CEO and Co-founder of the Obton Group, said, "ReneSola Power is a trusted partner of Obton’s, and we are excited to increase our participation in the Hungarian solar market with the support from ReneSola Power. Importantly, we are encouraged that we were able to enter into an agreement despite the challenging circumstances.  We are also proud of our team for being effective, creative and goal-oriented, which we believe are the key competences for success.  We look forward to joining forces with ReneSola Power to pursue other project opportunities in Hungary and any other countries in the future."

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 OBTON

Obton is an investment and development company that targets land and rooftop owners, developers and financial institutions with the goal of building a broad and risk-diverse portfolio of assets in the field of renewable energy. Our expertise includes development, funding and management of solar PV projects – primarily projects starting from EUR 10m for stable markets in Europe and North America.

Related Links :

http://www.renesolapower.com

PR Newswire

ReneSola Announces $40.0 Million Registered Direct Offering

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STAMFORD, CT, Jan. 8, 2021 — ReneSola Ltd ("ReneSola Power" or the "Company") (NYSE: SOL), a leading fully integrated solar project developer, today announced that it entered into securities purchase agreements with several institutional investors for the purchase and sale of 2.50 million of American Depositary Shares (ADSs), each representing ten (10) ordinary shares, at a purchase price of $16.00 per ADS, in a registered direct offering.  The registered direct offering is expected to close on or about January 11, 2021, subject to the satisfaction of customary closing conditions.

H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering. 

The gross proceeds from the registered direct offering are expected to be $40.0 million before deducting placement agent fees and other offering expenses. The Company intends to use the net proceeds for expanding new solar project pipeline and general working capital need.

The securities described above are being offered pursuant to a "shelf" registration statement (File No. 333-240293) filed with the Securities and Exchange Commission (SEC) on August 3, 2020 and declared effective on August 11, 2020. Such securities may be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A prospectus supplement and the accompanying prospectus relating to the offering of the securities will be filed with the SEC. Electronic copies of the prospectus supplement and the accompanying prospectus relating to the offering of the securities may be obtained, when available, on the SEC’s website at http://www.sec.gov or by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by e-mail: placements@hcwco.com or by telephone: (646) 975-6996.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor there any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

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.

Forward-Looking Statements

This press release contains statements that 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. Whenever you read a statement that is not simply a statement of historical fact (such as when the Company describes what it "believes," "plans," "expects" or "anticipates" will occur, what "will" or "could" happen, and other similar statements), you must remember that the Company’s expectations may not be correct, even though it believes that they are reasonable. Furthermore, the forward-looking statements are mainly related to our ability to complete the registered direct offering and satisfy the closing conditions related to the offering, the intended use of net proceeds from the registered direct offering, the Company’s continuing operations and you may not be able to compare such information with the Company’s past performance or results. The Company does not guarantee that the forward-looking statements will happen as described or that they will happen at all. Further information regarding risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements is included in the Company’s filings with the U.S. Securities and Exchange Commission, including the Company’s annual report on Form 20-F. The Company undertakes no obligation, beyond that required by law, to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made, even though the Company’s situation may change in the future, except as required by law.

For investor and media inquiries, please contact:

In the United States:

ReneSola Ltd

Mr. Adam Krop

+1 (347) 577-9055 x115

IR.USA@renesolapower.com

 

The Blueshirt Group

Mr. Ralph Fong

+1 (415) 489-2195

ralph@blueshirtgroup.com

 

In China:

ReneSola Ltd

Ms. Ella Li

+86 (21) 6280-8070 x102

ir@renesolapower.com

 

The Blueshirt Group Asia

Mr. Gary Dvorchak, CFA

+86 (138) 1079-1480

gary@blueshirtgroup.com

 

 

Related Links :

http://www.renesolapower.com

PR Newswire

JA Solar Supplied 88MW Modules for Indian Solar Plant Developed by Juniper

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BEIJING, Dec. 31, 2020 — JA Solar recently announced its supply of 88MW modules to Gujarat Urja Vikas Nigam Limited (GUVNL) project developed by Juniper, one of the largest PV project developers in the local market, which opens a new chapter for the two companies on cooperation.

Led by a team with significant experience in conceptualizing, building and developing renewable energy assets, Juniper is a renewable energy power producer and operator for solar projects. Based on the cooperation, the two sides intend to strengthen cooperation in the future to promote the development of PV industry in the Indian market.

Since its official entry into the Indian market in 2015, JA Solar has won high recognition in the local market and favored by many local PV project developers with its reliable product quality, stable financial advantages and solid industry reputation. Through close cooperation with local developers, JA Solar will further deepen localized operation and provide quality products and services to Indian customers.

Related Links :

https://www.jasolar.com/