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The company had reported a consolidated net profit of Rs 230.85 crore in the quarter ended on June 30, 2017, a BSE filing said.
(Reuters)

Reliance Power today posted about three per cent increase in its consolidated net profit at Rs 237.33 crore in the quarter ended on June 30, 2018.

The company had reported a consolidated net profit of Rs 230.85 crore in the quarter ended on June 30, 2017, a BSE filing said.

According to the filing, total income of the company declined to Rs 2,370.55 crore in the first quarter of this fiscal from Rs 2,752.32 crore a year ago.

The company said that its 3,960 MW Sasan ultra mega power project (UMPP) in Madhya Pradesh operated at PLF (plant load factor or capacity utilisation) of 98.2 per cent, the highest ever quarterly station PLF achieved since commercial operation date (COD).

It also said that Sasan project’s PLF continues to be the highest among all 1,000 MW plus thermal plants in the country for two consecutive quarters.

Its 1,200 MW Rosa power plant in Uttar Pradesh operated at PLF of 63 per cent while the 600 MW Butibori power plant in Maharashtra operated at PLF of 45 per cent.

The 40 MW Dhursar Solar PV plant in Rajasthan is operated at PLF of 21 per cent, whereas the 45 MW Wind capacity in Vashpet, Maharashtra, is operated at PLF of 18 per cent.

The 100 MW concentrated solar power (CSP) project in Dhursar, Rajasthan, generated 31 million units, it added.

Himachal Pradesh CM Jai Ram Thakur (Express Photo)

Himachal Pradesh State Electricity Board Limited (HPSEBL) will purchase power produced by small power projects of up to 25 MW capacity in order to help the producers and attract more investment in energy sector, Chief Minister Jai Ram Thakur said today. The chief minister was speaking while presiding over a seminar on ‘Speedy Development of Hydro Electric Projects in Himachal Pradesh’.

The event was organised by Bonafide Himachalis Hydro Power Developers and Himalaya Power Producers Association in collaboration with Union Ministry of New and Renewable Energy. Thakur said the state has identified potential of over 27,000 MW, which once fully harnessed have the potential to transform the economy of Himachal Pradesh. Till date only 10,547 MW potential stands harnessed.
The state government has set a target to harness about 182 MW potential during the current year by active participation of private and public sectors, for which it was providing several incentives to the power producers.

He also said the power producers will be independent to sell the electricity generated by them to other interested buyers and a committee will be constituted under the chairmanship of Power Minister to look into the issues raised by the power producers of the state. The CM also indicated that efforts will be made to simplify procedures for giving clearances for setting up of power projects.

Thakur said the state government already deferred the royalty at the rate of 12 per cent for the first 12 years for upcoming projects, which will immensely benefit the power producers. Bonafide Himachalis Hydro Developers and Himalaya Power Producers Association presented a cheque of Rs 11 lakh to the chief minister towards Chief Minister’s Relief Fund on the occasion.

MPP and Power Minister Anil Sharma said power and tourism sector has immense potential for making the state economically self-sufficient and providing employment opportunities to the youth.

     (Photo: https://mma.prnewswire.com/media/721298/KENZO_team.jpg )

Talking to guests and media at the launch event, Venus Teoh, International Brand Director for Tiger Beer, shared: "True to our spirit of uncaging creativity and providing a platform for emerging talent to the world, Tiger Beer has brought together our partner WWF, the co-creative directors of KENZO, Humberto Leon and Carol Lim, and four handpicked young artists to create the limited edition Rare Stripes collection."

"This collection is another one of the ways we're raising global awareness and funds for endangered wild tigers. We want people to take action to save the wild tigers, our beloved brand icon, from extinction," she continued.

Michael Baltzer, Leader of Tigers Alive Initiative (WWF) added: "Every day we see tigers used in popular culture - in fashion motifs, on premium products and on billboards. Yet, tigers in the wild are in danger of becoming extinct. WWF is a leader in an ambitious global effort to double wild tigers but the tiger needs every help it can get. We are therefore delighted to have this powerful partnership with Tiger Beer and KENZO. We hope it sets a new wave of action and awareness from other brands for wild tigers."

KENZO's co-creative directors, Humberto Leon and Carol Lim and the four emerging artists that designed the collection were also present to launch the collection. Urging guests to lend their support to the cause, Humberto shared: "Carol and I had been hoping to work with WWF for some time and we were delighted that Tiger Beer brought us together. We hope our collaboration with WWF and these four great artists for this important cause will inspire people around the world to learn more about saving wild tigers. The reality is that if we don't take action now, we could very easily lose these animals forever."  

The four artists hailing from Cambodia, Malaysia, Singapore and the United States also drew inspiration from their trip to Cambodia where they worked closely with Leon and Lim to design the collection and heard from Phurba Lendhup, a WWF Wildlife Specialist from Bhutan, first-hand about the plight of wild tigers.

The launch event, which hosted over 150 guests and members of the media, provided an exclusive preview of the eight unique designs available for sale in the collection, aptly displayed within coat hangers fashioned out of snare wire traditionally used in poaching, in a bid to further drive home the plight of wild tigers.

The Rare Stripes collection officially drops at 3pm on July 21, with a limited number available via selected KENZO retail stores internationally from the beginning of August. 100% of the proceeds from the sale of the collection, which is made using Global Organic Textile Standard (GOTS) compliant organic cotton, will go to WWF in support of doubling the world's wild tiger population.

This is the second year of a six-year partnership between Tiger Beer and WWF to support WWF's global efforts in tiger conservation. The first year of the WWF partnership featured the successful #3890Tigers campaign, which invited people from around the world to pledge against illegal tiger trade by merging their 'selfies' with one of six bespoke tiger artworks created by global artists using the power of Artificial Intelligence (AI) technology.

For more information about the Tiger Beer x WWF partnership, their collaboration with KENZO and the Rare Stripes collection, please visit http://tigerbeer.com/rarestripes and #rarestripes.

For hi-res visuals of the Rare Stripes collection and the launch event, kindly download them here.

ABOUT TIGER BEER: 

Tiger Beer was born in 1932 on the streets of Singapore. A stone's throw away from the equator, its unique tropical lagering technique meant it was able to brew a beer that would keep Asia cool. In 2015, it started using the rays of the tropical sun for brewing, with over 8,000 solar panels installed on the rooftop of its facility in Singapore. Now, every Tiger Beer consumed in Singapore is brewed by the sun. Furthering its commitment towards global sustainability, 2017 has also seen Tiger Beer take Air-Ink, the world's first ink created from air pollution, to the streets of the world through creative collaborations with the best emerging artists, creating beautiful artworks out of pollution. Tiger Beer is the number one premium beer in Asia, and the world's fastest growing premium beer, available in more than 50 markets across the globe. For more information, please visit http://www.tigerbeer.com .

ABOUT HEINEKEN: 

HEINEKEN is the world's most international brewer. It is the leading developer and marketer of premium beer and cider brands. Led by the Heineken® brand, the Group has a portfolio of more than 300 international, regional, local and speciality beers and ciders. We are committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through "Brewing a Better World", sustainability is embedded in the business and delivers value for all stakeholders. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. We employ over 80,000 employees and operate breweries, malteries, cider plants and other production facilities in more than 70 countries. Heineken N.V. and Heineken Holding N.V. shares trade on the Euronext in Amsterdam. Prices for the ordinary shares may be accessed on Bloomberg under the symbols HEIA NA and HEIO NA and on Reuters under HEIN.AS and HEIO.AS. HEINEKEN has two sponsored level 1 American Depositary Receipt (ADR) programmes: Heineken N.V. (OTCQX: HEINY) and Heineken Holding N.V. (OTCQX: HKHHY). Most recent information is available on HEINEKEN's website: http://www.theHEINEKENcompany.com and follow us on Twitter via @HEINEKENCorp.

ABOUT WWF: 

WWF is one of the world's largest and most respected independent conservation organizations, with over 5 million supporters and a global network active in more than 100 countries and territories. WWF's mission is to stop the degradation of the Earth's natural environment and to build a future in which humans live in harmony with nature, by conserving the world's biological diversity, ensuring that the use of renewable natural resources is sustainable, and promoting the reduction of pollution and wasteful consumption. Visit http://www.panda.org/news for latest news and media resources and follow us on Twitter @WWF_media.

ABOUT KENZO: 

KENZO was founded by Japanese designer, Kenzo Takada in Paris in 1970. With its colorful prints and declaration of freedom, KENZO shook up the couture codes of the time by irreverently breaking the rules. In 2011, Humberto Leon and Carol Lim took post as Co-Creative Directors. At the core of their approach, travel, culture and fashion manifest in all that they do. KENZO has become known for its groundbreaking collaborations with avant-garde artists, musicians, actors, and designers. During their time at KENZO, Carol and Humberto have created a successful perfume, "KENZO World", introduced a new line "KENZO - La Collection Memento" and have opened new stores in Paris, Barcelona, Tokyo, Seoul and Shanghai.

Reliance Power today posted about three percent increase in its consolidated net profit at Rs...

GE Power Releases Whitepaper on Digitization of Energy Transmission & Distribution in Africa Smart grids will play a key role in the region’s transition to a sustainable energy system through facilitating smooth integration of new energy sources JOHANNESBURG, South Africa, July 18, 2018/APO Group/ -- GE Power Releases Whitepaper on Digitization of Energy Transmission &  Distribution in Africa: •White paper highlights future of smart energy in Sub-Saharan countries, its challenges and opportunities
•Discusses role of smart technology to transform grids and the way energy is generated, distributed, traded, managed and stored
•Underscores necessary steps to grid modernization
•Recommends holistic solutions to leapfrog ahead Africa’s energy sector and showcases regional examples As Africa faces emerging opportunities to help deliver efficient, affordable and reliable electricity to consumers, GE Power’s Grid Solutions business (www.GEGridSolutions.com) (NYSE: GE) (www.GE.com) today unveiled a whitepaper on the “Digitization of Energy Transmission & Distribution in Africa.” The paper explores the opportunities and challenges faced in Sub-Saharan Africa as the new future of energy and electrification emerges.  The paper also looks at the role of smart technology to transform grids as they continue to reflect the changes in the way energy is generated, distributed, traded, managed and stored.  Co-authored by the Strategic Marketing unit of GE Power in Sub-Saharan Africa and Energy & Environment Research Analysts of Frost & Sullivan, the white paper presents several challenges that affect energy access and power supply stability in Africa. They include inadequate power generation but more significantly, low levels of electrification caused primarily by faulty, aged or wrong setup of transmission and distribution infrastructure. With the digital transformation of the energy sector rapidly gaining traction on a global scale, new opportunities are emerging to help deliver efficient, affordable and reliable electricity to consumers. According to the whitepaper, smart grids can create the potential to combat SSA’s power sector challenges, and provide the opportunity for the region to develop its energy capabilities and, therefore its energy security as well as security of supply. The digital transformation of grids allows users to take a holistic approach to achieve efficiency, flexibility, transparency and long-term sustainability.
  • Information Communication Technology Integration will support real-time or deferred bi-directional data transmission that will enable stakeholders to efficiently manage the grid through increased speed and volume of data output, providing utilities the opportunity to maximize cost reductions, increase power reliability and increase customer satisfaction
  • Wide Area Monitoring and Control ensures visibility into the power systems to observe the performance of grid components allowing for major cost-saving benefits associated with predictive maintenance and self-diagnosis.
  • Smart technology like Intelligent Electronic Devices (IEDs), Advanced metering infrastructure and grid automation ensure seamless transition and integration of renewable generation or micro-grids where necessary; predictive maintenance in distributed grids to reduce outages; and effective revenue management.
“Transmission and distribution networks are seen to be the weakest links in Africa’s power systems and hence represent a huge opportunity area for improvement,” said Lazarus Angbazo, CEO, GE’s Grid Solutions business, Sub Saharan Africa. “Going forward, there is a need to move beyond simply maintaining and repairing aged infrastructure. To truly advance the power sector, a holistic approach needs to be adopted; one that ensures sustainability, reliability and longevity of power supply. By utilizing internet of things (IoT) technology, the smarter grids of tomorrow will deliver all-encompassing solutions based on the convergence of operating technology (OT) with information technology (IT) and incorporating emerging concepts such as distributed generation and energy storage,” he further added. Smart grids will play a key role in the region’s transition to a sustainable energy system through facilitating smooth integration of new energy sources; promoting interoperability between all types of equipment; enabling the growth of distributed generation and its potential incorporation into the main grid; supporting demand-side management; and providing flexibility and visibility of the entire grid. GE’s grid solutions six-step process highlighted in the whitepaper will help utilities along the digitization journey of their energy infrastructure. Distributed by APO Group on behalf of GE.

Media Contact:
Anne Ezeh
GE Power Communications
Sub-Saharan Africa
+234 7031779857
This email address is being protected from spambots. You need JavaScript enabled to view it.

Allison Cohen
GE Power – Grid Solutions
Global Media Relations Leader
+972-(0)54-7299742
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About GE
GE (NYSE: GE) (www.GE.com) is the world's Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.GE.com

About GE Power:
GE Power (www.GE.com/power) is a world energy leader that provides technology, solutions and services across the entire energy value chain from the point of generation to consumption. We are transforming the electricity industry by uniting all the resources and scale of the world’s first Digital Industrial company. Our customers operate in more than 150 countries, and together we power more than a third of the world to illuminate cities, build economies and connect the world. For more information, visit the company's website at www.GE.com/power. Follow GE Power on Twitter @GE_Power and on LinkedIn at GE Power.

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With the financial support from the European Union and other partners, JUMEME, a rural electricity supplier, will electrify 10 islands in Lake Victoria, with a population of more than 80.000 people, through off-grid solutions.

Africa Innovation Summit top innovators moving ahead after the successful summit of Kigali: Simbarashe Mhuriro shortlisted for the “Innovator of the Year” Award Simbarashe is the founder and Managing Director of Oxygen Africa, a Zimbabwean renewable energy development company KIGALI, Rwanda, July 10, 2018/APO Group/ -- Simbarashe Mhuriro, Founder & CEO of Oxygen Energy Commercial Rooftop Solar Solutions has been shortlisted by CNBC Africa and All Africa Buisness Leaders Awards partners for the Innovator of the Year category in the 8th All Africa Business Leader Awards in partnership with CNBC Africa (AABLA™) (http://aablawards.com). About Simbarashe Mhuriro
Simbarashe is the founder and Managing Director of Oxygen Africa, a Zimbabwean renewable energy development company focused on commercial and industrial rooftop solar photovoltaic projects, as well as a second with Minerva Risk Advisors, a leading provider of risk management services, insurance and reinsurance brokerage and employee benefits consulting in Zimbabwe. In 2016, Simba was named as one of Africa’s 30 most promising and inspirational young entrepreneurs in Africa by Forbes Magazine and also recognised by the Africa Youth Awards as one of 100 most Influential Young Africans of the year. Afk Insider magazine named him among 12 Most Promising African Entrepreneurs of 2016 whilst in 2017 Africa.com named him among 40 Africans Under 40 – Making It In Africa. Distributed by APO Group on behalf of Africa Innovation Summit.

About the Africa Innovation Summit

The AIS (www.AfricaInnovationSummit.com) is an Africa-wide and home grown initiative aimed at harnessing the innovation potential of the continent. It aims to mobilize the people and, especially those with the ‘power to act’, including investors, the people with the ideas, the policy makers, the researchers and academics, the business community, the youth, as well as innovators and thinkers into a coalition for collective action to promote and build an enabling environment for innovation in Africa. The goal is to engage as many people as possible in order to build a broad constituency in support of innovation in Africa.

The AIS platform includes regular Summits to promote dialogue, facilitate exchange of best practices among stakeholders and African countries, showcase what is happening on the continent, and share lessons of experience. The platform also includes engaging with African researchers and scholars to undertake case studies to tease out lessons of experience in order to facilitate learning by stakeholders. The African Innovation Exhibit which is also part of the AIS provides a stage to showcase home-grown innovations and innovators on the continent, while the Hackathons will challenge the people to come up with solutions to specific problems. 

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ABUJA, Nigeria, July 10, 2018/APO Group/ --

As far back as 1890, Nigerians got exports of stock fish from Norway. This expanded to other sectors including shipping, ship building, oil and gas, renewable energy, making Nigeria Norway’s most important economic partner in Africa. The Norwegian Ambassador to Nigeria, Mr. Jens-Petter Kjemprud, in this interview, outlines potentials for further cooperation between the two friendly countries.

Daily Trust: How would you assess relations between Nigeria and Norway?

Ambassador Jens-Petter Kjemprud: I would describe it as very good. We opened an embassy in Nigeria at independence, but already had long trade relations dating back to the 1890s predominantly through stock fish exports. Trade, shipping, ship building, oil and gas, renewable energy are the main economic sectors, making Nigeria Norway’s most important economic partner in Africa with potentials for further growth. Political relations have become much closer in the past years with frequent meetings at political level and political visits both ways. The annual Nordic African foreign ministers meeting held once in Oslo and once in Abuja within the past three years is a good arena to discuss issues of common concern and the annual Nordic African Business Summit held every November in Oslo is an arena to develop further economic cooperation. We are also in the process of developing a bilateral political consultation mechanism and for two years now have had a very proactive Nigerian-Norwegian Chamber of Commerce based in Lagos.

DT: Norway hosted the humanitarian conference on Nigeria and the Lake Chad region. How would you assess the outcome?

Amb. Kjemprud: We are quite happy with the outcome. The two main ambitions of the conference which we hosted with the UN, Germany and the Nigerian government was to broaden international attention on the humanitarian needs in the Lake Chad region and secure solid funding to respond to the needs. Both ambitions were achieved. We are now in the process of planning for “Oslo 2” conference in cooperation with the UN and Germany, to be held in Berlin. We follow closely the government’s efforts to alleviate the humanitarian crisis which affects up to seven million people and urge the Nigerian government to cooperate fully in preparation for the new conference. Such a conference should go beyond the humanitarian funding to bridge the gap towards development, peace and stability and supplement necessary peace initiatives for the Northeast. There is no military or humanitarian solution alone.

DT: Have other projects been initiated since then?

Amb. Kjemprud: The government, UN, national and international NGOs have all responded to the humanitarian crisis, specifically the Northeast of Nigeria and Borno State in particular, as this is the epicenter of the conflict and the humanitarian crisis. The UN in particular has strengthened its  presence but the pledges and commitments to the humanitarian response plan for 2018 is relatively weak, hence the need for “Oslo 2”. Norway upgraded its response through the UN, national and international NGOs in 2017 to approximately $35m. The Norwegian Refugee Council has also established a solid presence to support refugees and internally displaced persons.

DT: Having been in Nigeria for some time, how will you describe your stay?

Amb. Kjemprud: I am enjoying my stay, coming to two years, very much. Nigeria has a deep reservoir of brilliant, well educated, innovative and bright people, many of whom I have had the privilege to meet. But also, as I had the opportunity to discuss when I visited the National Institute for Policy and Strategic Studies (NIPSS) in Kuru, there is a gap between all those brilliant people and the way the country is organized. That continues to puzzle me and should pose a challenge to the politicians of this great country.

DT: How is the bilateral trade tie between Nigeria and Norway?

Amb. Kjemprud: As I said, the trade volume is good, with the bulk concentrated in shipping, ship building and oil and gas sectors. I still feel there is much untapped potential and we try to promote further trade including through special efforts to remove wrong perceptions of the Nigerian market. There is still an inclination among many business people not to engage in the Nigerian market because of the bad reputation. We thus support the Buhari government’s fight against corruption and we cooperate to urge our companies to avoid corruption. We are pleased with the improvement in Nigeria’s ranking on the ease of doing business, but still see the energy sector as an important impediment to foreign investment in Nigeria. The manufacturing sector cannot be competitive without safe, cheap and stable power supply. If Nigeria succeeds in improving the fight against corruption, the ease of doing business and puts it energy sector in order, you will see a new, more prosperous Nigeria which could also respond better to the needs of the fast growing population, thereby reducing conflicts caused by competition for scarce resources. These are the issues politicians should be judged by.

DT: The Nigerian government has called on Norway to invest in the seafood sub-sector in Nigeria, do you see this working?

Amb. Kjemprud: Trade between the two countries is imbalanced in our favour indeed, mostly due to the fact that we are both oil producing countries. We do however think that this might change. Today, the surplus in trade is mostly due to Norwegian technology inputs into the Nigerian oil sector. As the Nigerian local content policy develops, we can envisage changes in the near future. The Norwegian branch of TechnipFMC recently produced manifolds for the oil sector with 80% local content and a Lagos-based company, Marine Platforms, won a local content award this year for acquiring high technology ships for Nigeria’s subsea offshore industry from Norway. As for the seafood sector we believe and have offered assistance in developing  aquaculture in Nigeria. The domestic supply only covers one-third of the demand for fish, so there is an enormous potential to develop the sector on land and at sea. Norway has the expertise as the seafood sector is our third biggest export sector. We would be happy to share our experiences. The Nigerian- Norwegian Chamber of Commerce is focusing on this and we will have a seafood/fisheries week in Lagos this October in cooperation with the Norwegian Seafood Council.

DT: You once expressed Norway’s readiness to collaborate with Nigeria on the film industry. How far has this gone?

Amb. Kjemprud: I visited the Nigerian Film Institute in Jos only last week to take this initiative further. The Nigerian film industry is a big success employing some say, over a million people directly or indirectly. It also has a strong impact on people in Nigeria and across Africa. We have agreed to participate in Nigerian film festivals and arrange a Nigerian film festival in Norway through this cooperation establishing direct contact between the two NFIs - Nigerian Film Institute (NFI) and Norwegian Film Institute (NFI).

DT: What would you want to tell Nigerians about Norway?

Amb. Kjemprud: Maybe two things: First, we have deliberately used only a small part of our oil income to fund running costs and extraordinary investments, and as a result, now have the biggest sovereign wealth fund in the world, which is established to secure the welfare of future Norwegian generations. It’s all based on the principle of saving on good days for bad days. Secondly, women’s rights and equal access to work is probably the biggest contributor to the wealth of the nation, and happiness of all people in Norway (if happiness can be measured).

BYD will deliver the largest fleet of pure electric articulated buses in Europe to Norway’s capital city, Oslo.

Recently, the opening ceremony of European Customer Service Center built under the cooperation between Wuxi Suntech and CMEC Wuxi has been held officially in Cologne, Germany,

Sungrow, the global leading inverter solution supplier for renewables, presents 1500 V solutions with string PV inverters, central PV inverters, and ESS as its headline catching products at Intersolar Europe 2018, in Munich, Germany.

SolarEdge Technologies, Inc. is expanding its commercial solution with the launch of larger-capacity three-phase inverters with synergy technology and a multi-input power optimizer in order to further improve the scalability and performance of its commercial PV systems.

Canadian Solar’sBiKu modules are at the forefront of high efficiency dual-cell bifacial modules in the industry. Its poly bifacial modules have up to 365 W power output on the front side and 75% bifaciality. It can increase energy yield by up to 30% with backside contributions under certain albedo, thus lowering LCOE dramatically. Canadian Solar’s BiKu modules will certainly help you maintain IRR on your project investment, in case project PPA decreases year after year.

The companies were announced today at the official launch of the Platform during the EU Sustainable Energy Week. These major corporate energy users and supply side companies were highlighting the growing demand for clean energy and the need for clear and enabling policy frameworks.

U.S.-based NRG Systems announced today that Lasser Eólica has joined its global network of service partners and dealers. Based in Spain, Lasser Eólica engineers, installs, and maintains met tower systems across Europe, North Africa, and the Middle East.

Verano Capital, an American project developer headquartered in Chile, announced that it won 18% of the solar capacity in auction at the Argentinian energy tender with its 100 MW VeCaSo-1 solar project. Located near Mendoza, Verano’s PV project was selected on a winning bid at $42.50/MWh.

Abigail Ross Hopper, President and CEO of the Solar Energy Industries Association (SEIA), issued the following statement after the U.S. International Trade Commission (ITC) announced a split remedy recommendation for the Section 201 trade case

Joint filing from broad array of groups takes aim at financial “Beneficiaries” as the only entities to support the DOE proposal – and whose filings fail to establish that the proposed subsidies are needed or legally valid

As demand for solar energy surges across America, today the Solar Energy Industries Association (SEIA) and Alta Energy jointly released a white paper highlighting an underutilized financing tool that can help boost commercial and industrial (C&I) solar development nationwide.

Urban Grid Holdings, LLC (Urban Grid), a leading developer and financier of solar projects throughout the United States, is pleased to announce the completion of two solar installations for Allegany County, Maryland totaling 2.14 MW.

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  • RooftopRooftop solar panels commissioned by Enerparc India at Bharat Fritz Werner Ltd.
Enerparc India, a subsidiary of global solar solution provider Enerparc AG is glad to announce the commissioning of 980 kWp solar project at Bharat Fritz Werner Ltd. (BFW) located at Bengaluru, Karnataka.

The project has been financed, constructed and executed by Enerparc through its investment special purpose vehicle, which would sell the solar power to BFW on a long term. The project is second of Enerparc’s growing solar rooftop portfolio in India, it is one of the benchmarks for the company as innovative non-penetrative mounting methods are used coupled with Enerparc’s priority on quality and safety. Speaking about the association with BFW, Mr. Santosh Khatelsal, the Managing Director of Enerparc India, said, “We are very glad to be associated as a sustainability partner with a prestigious company like BFW. This project will help Enerparc to add another leading brand in its portfolio of 1.2 GW as an Independent Power Producer across the world.”
 
The rooftop solar project at BFW will generate approx. 15 lacs of units annually thus helping BFW to meet a major portion of its power needs through green energy and reducing its dependency on fossil fuels. It will also help BFW to offset 1350 tons of carbon emission every year. “BFW has always been a pioneer in adopting new technologies for its business and global sustainability, this solar project with Enerparc is yet another example of BFW’s commitment of being socially responsive towards the environment," said Mr. Ravi Raghavan, the MD and CEO of BFW.

About BFW

BFW started its journey in 1961 to realise the dream of a young economy that was on the cusp of industrialisation. Ever since we have been at the heart of manufacturing. We’ve supported the growth of the Indian Manufacturing industry by creating the machine tools vital for industries, across verticals - from agriculture to aerospace projects.

We are a customer-first establishment. We do whatever it takes to enable progress for our customers by acquiring new technology to serve customers better and investing in R&D Centre to create next-gen technology. At BFW, we ensure progress at every step, with every innovation.

We are here to "Enable Progress". Every machine we build helps manufacture products that improve the quality of life, and progress of mankind.

About Enerparc

Enerparc India is a subsidiary of Enerparc AG, Germany. With its headquarters in Bengaluru, the company specializes into Investment and EPC services for rooftop as well as ground mounted solar photovoltaic (PV) systems across India with focus on Industrial & Commercial segment.

Enerparc AG is a global expert in developing, engineering, building, and operating large-scale photovoltaic (PV) systems. As an EPC contractor, our company has connected over 2,000 MW of solar systems to electricity grids, a knowledge base we draw upon to combine speed, flexibility, and high quality in delivering projects. With local presence in all active solar markets like Europe, North America, Middle East & Asia, we are also one of the largest Independent Power Producers (IPP) in solar energy with more than 200 discrete solar projects in our own portfolio, with an installed capacity of over 1100 MW and growing.

Specialized in these business fields and with a belief in absolute reliability, top quality and the long-term success of renewable energies, we and our project managers, engineers and designers are looking to set new standards in the solar industry. We work in partnership with the community of partners, contributing our global engineering and construction experience, striving for cost leadership in value chain, focusing on bettering end customer’s value. Our dedicated team comprises of long-standing solar industry professionals with expertise in grid-connected PV project development, design, engineering, procurement, construction and operations in India and worldwide.

TMEIC Industrial Systems India Pvt. Ltd., a Group company of Toshiba Mitsubishi-Electric Industrial Systems Corporation, a group company of Toshiba Mitsubishi-Electric Industrial Systems Corporation,

Tigo®, pioneer of the smart modular Flex MLPE platform, today announced the release of its new Mesh communication architecture. This state-of-the-art wireless technology directly translates to customer benefits – including simplifying the solar design process and accelerating the commissioning steps. The complete Tigo solution uses a simple yet powerful data collection technology that covers the widest ranges of residential & commercial installations at the lowest cost. With Mesh and the recently announced Tigo Access Point (TAP), customers eliminate the need to address any roof obstruction or orientation constraint. To learn more about Mesh and TAP, register for Tigo’s free, online webinar “The Future of Solar is Wireless” on Wednesday July 25th, 2018 at 10am PDT.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180718005827/en/

 
Mesh is Tigo's proprietary software that allows each TS4 unit to act as a repeater, extending the ra ...

Mesh is Tigo's proprietary software that allows each TS4 unit to act as a repeater, extending the range of the Tigo Access Point (TAP) along many different paths in a solar array for faster, more reliable PV data. (Graphic: Business Wire)

Mesh compliments the full Tigo system in conjunction with TAP, Cloud Connect Advanced (CCA), and UHD-Core TS4 units. As the software that allows each TS4 unit to act as a relay station for signals, Mesh extends the wireless range of communication up to 230ft (70m). Mesh also allows data collection from up to 300 TS4 units (~100kW systems) using a single TAP or from up to 900 TS4 units (~300kW systems) using a single CCA. Most importantly, Mesh supports multiple communication paths between TS4 units to minimize packet loss, improve data integrity, and increase reliability at high speed.

The benefits of Mesh include:

 
  • Easily bypassed roof or ground-mount obstructions
  • Greater communication radius
  • Fewer component accessories needed
  • Intelligent communication paths responsive to difficult layouts
  • Flexible architecture for forgiving designs with different placement of accessories

“Mesh is the groundbreaking communication technology that makes Tigo’s TS4 Platform and communication accessories the most flexible, cost-effective, and robust solution for solar arrays around the world,” says Maxym Makhota, VP of Software Development at Tigo. “We are thrilled to roll out this software simultaneously with the new TAP so our customers can build and maintain efficient systems with as few costs as necessary.”

 

Mesh must be paired with Tigo’s CCA, TAP (or legacy Gateway), and UHD-Core TS4 units - integrated (TS4), retrofitted/add-on (TS4-R), or retrofitted for 2 modules (TS4-R-Duo). All products are shipping now via distributors and partners worldwide. For price and delivery call +1.408.402.0802 ext. 1, contact This email address is being protected from spambots. You need JavaScript enabled to view it., or visit www.tigoenergy.com.

 

About Tigo Energy, Inc.

 

Tigo is a Silicon Valley company founded in 2007 by a team of experienced technologists. Combining a unique systems-level approach with expertise in semi-conductors, power electronics, and solar energy, the Tigo team developed the first-generation Smart Module Optimizer technology for the solar industry. Tigo's vision is to leverage integrated and retrofitted Flex MLPE and communications technology to drive the cost of solar electricity down. By partnering with tier 1 module and inverter manufacturers in the industry, Tigo is able to focus on its key innovation with the smartest TS4 modular platform and leverage the broader ecosystem. Tigo has operations in the USA, across Europe, Latin America, Japan, China, Australia and the Middle East. Visit www.tigoenergy.com.

 

 

 

 
MULTIMEDIA AVAILABLE :
https://www.businesswire.com/news/home/20180718005827/en/

This is the first among the four workshops planned for the African power utility during the current fiscal

In the given role, Dr. Ayushman would be responsible for advancing Goldi’s technological processes and bringing latest in solar modules manufacturing technologies to the fore.

> <
  • AzureAzure Power Solar Plant
  • Azure Power wins 300 MWs with AA+ domestic debt rated government entity (SECI) at a tariff 8% above the lowest bid in the auction
  • 87% of the 2.2 GW contracted pipeline are with counterparties that have A to AAA domestic debt ratings
  • Over 1 GWs of the contracted pipeline are with sovereign counterparties

Azure Power (NYSE: AZRE) announced that its portfolio has surpassed 3 GWs, reinforcing the company’s position as a leading independent solar power producer in India. This milestone was achieved with the company’s recent win of a 300 megawatt (MW) solar power project in the largest solar auction conducted by Solar Energy Corporation of India (SECI), a Government of India enterprise and a company with an AA+ domestic debt rating by ICRA, a Moody’s company. With this win, 87% of Azure Power’s 2.2 GW contracted pipeline is with counterparties that have A to AAA domestic debt ratings. Over 1 GW of the pipeline is with sovereign counterparties.
 
The 300 MWs are an Inter-State Transmission System (ISTS) grid-connected solar PV project. Azure Power will sign a 25-year power purchase agreement with SECI to supply power at a tariff of INR 2.64 (~US 3.9 cents) per kWh which was 8% above the lowest bid in the auction. The project can be developed outside a solar park anywhere in India and is expected to be commissioned by 2020.
 
Commenting on the occasion, Mr Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer, Azure Power said, “We started with the vision of providing affordable solar power for generations and the mission to be the lowest cost power producer in the world. Through our collective efforts and support from our stakeholders, we have achieved this important milestone of crossing a 3 GW portfolio with large-scale, mini/microgrid and rooftop projects across the country. This achievement is a testament to our strong project development, engineering, and execution capabilities. We are delighted to make this contribution towards the realization of our Hon’ble Prime Minister’s commitment towards clean and green energy, through solar power generation.”
 
Azure Power was founded by Inderpreet Wadhwa in 2008 with a vision of providing affordable solar power in an efficient, sustainable and socially responsible manner. Azure Power has rapidly grown to become one of the largest solar power developers in India. The company started its journey over ten years ago by developing India’s first private utility scale solar plant, a 2 MW plant in Awan Punjab. Over the last decade, the company has witnessed tremendous growth and has installed over 1 GW of solar capacity with a footprint across 23 states in India. The company is backed by several marquee investors such as Caisse de dépôt et placement du Québec (CDPQ), International Finance Corporation (IFC), Helion Venture Partners, Société de Promotion et de Participation pour la Coopération Économique (PROPARCO), Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) and Netherlands Development Finance Company (FMO).

About Azure Power

Azure Power (NYSE: AZRE) is a leading independent solar power producer with a pan-Indian portfolio over 3 gigawatts. With its in-house engineering, procurement and construction expertise and advanced in-house operations and maintenance capability, Azure Power provides low-cost and reliable solar power solutions to customers throughout India. It has developed, constructed and operated solar projects of varying sizes, from utility scale, rooftop to mini & microgrids, since its inception in 2008. Highlights include the construction of India’s first private utility scale solar PV power plant in 2009 and the implementation of the first MW scale rooftop project under the smart city initiative in 2013.
 
For more information, visit: www.azurepower.com.
 
Forward Looking Statements
 
This press release contains forward-looking statements within the meaning of Section 21E of theSecurities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that could cause the Company’s results to differ materially from those expressed or implied by such forward-looking statements include: the availability of additional financing on acceptable terms; changes in the commercial and retail prices of traditional utility generated electricity; changes in tariffs at which long term PPAs are entered into; changes in policies and regulations including net metering and interconnection limits or caps; the availability of rebates, tax credits and other incentives; the availability of solar panels and other raw materials; its limited operating history, particularly as a new public company; its ability to attract and retain its relationships with third parties, including its solar partners; its ability to meet the covenants in its debt facilities; meteorological conditions and such other risks identified in the registration statements and reports that the Company has filed with the SEC from time to time. In the press release, megawatts portfolio represents the aggregate megawatt capacity of solar power plants pursuant to PPAs, signed or allotted or where the Company has been cleared as one of the winning bidders or won reverse auction, but yet to receive letter of allotment. All forward-looking statements in this press release are based on information available to us as of the date hereof, and the Company assumes no obligation to update these forward-looking statements.

JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it has supplied 23MW of high-

For AlsoEnergy, the top selling independent monitoring provider for commercial PV in North America, this partnership is an opportunity to extend international coverage for sales and support.

High voltage switchgear to support Saudi Arabia’s first integrated solar and natural gas power plant

The training and demonstration on paddy sowing machine is provided at Farm Machinery Training & Testing Institute (FMTTI) located at Budni , (M.P.), Hisar (Haryana) , Ananatapur (A.P.) and Biswanath Chariali (Assam) ; and also through ICAR’s  All India Crop Research Projects (AICRP) located at TNAU , Coimbatore , IIT Kharagpur , OUAT, Bhubaneswar, NERIST Nirjuli and at CIAE , Bhopal. The funds under Sub Mission on Agricultural Mechanization (SMAM) scheme of Department of Agriculture, Cooperation & Farmers Welfare (DAC&FW) are also provided to State Governments for conducting training and demonstrations of various agricultural machinery.

 

There are about 19 manufactures of Self Propelled Paddy Transplanter machine in the country and the machine is adequately available in the market.

 

Under Phase-II (2014-17) of the Off-grid and Decentralized Solar PV Applications Scheme of Ministry of New and Renewable (MNRE) , Central Financial Assistance up to 30% of the benchmark cost has been provided for installation of solar pumps. Further, due to provision of the scheme mandating procurement only through tender route, prices of solar pumps have reduced which is reflected in the revised benchmark costs issued by MNRE in June, 2018.

 

 Design refinements in the agricultural implements is a continuous exercise and are being carried out by centres of AICRP of ICAR to suit the requirement of agricultural workers of different region and based on feedback received from farmers and users. During last 4 years, ICAR has developed 48 technologies in the field of farm mechanization.

 

This information was given by the Minister of State in the Ministry of  Agriculture  &  Farmers Welfare Shri. Parshottam Rupala  today  in  Rajya Sabha.

 

*****

 

APS/RCS

 

CPWD Planting 50,000 Trees in Delhi- Installing Rain Water Harvesting System and Waste Water Recycling Plant in all its Major Projects as a Part of Water Conservation Measure

Solar Plants of 13.3 MWP Capacity, Have Been Installed in Central Government Buildings Across the Country by CPWD Under ‘Sugamya Bharat’ Mission, CPWD Making Public Buildings Completely Accessible

This is with reference to a news report published in a local daily dated 14.7.2018 based on a Press Conference addressed by DG, CPWD during the celebration of 164th day of the organisation.  The news report has attributed a statement to the DG as regards felling trees in Delhi.  It is clarified that at no stage it was mentioned that the ongoing projects under the Ministry of Housing & Urban Affairs will be delayed.  The report published in the newspaper is not only factually incorrect but also conveys the impression as if all projects are being delayed.  It was only stated that the number of proposed flats may come down slightly due to redesigning of the plan to avoid felling of trees. 

CPWD is in the fore-front in sustainable development of built environment. All new constructions in CPWD are being undertaken with minimum three star GRIHA rating. CPWD has constructed Jawahar Bhawan, Parayavaran Bhawan, PNB HQ, New Delhi and STPI Mohali as green buildings with highest five star / LEED rating. Parayavaran Bhawan is a net zero building, which produces as much power on site from renewable sources as it consumes.

Towards greening of Delhi, as a special drive, CPWDis planting 50,000 trees at various residential colonies and office complexes maintained by it during ongoing rainy season. The locations have been identified, wherein the plantation drive will be undertaken soon. 

CPWD has taken firm initiatives for generation of renewable energy in government buildings. Solar plants of capacity 13.3 MWp, have been installed in central government buildings across the country. The installed solar plants have generated renewable energy of 25 lakhs Units appx, which resulted in 23281 tons reduction of carbon dioxide emission and overall saving of Rs. 29 crores.

 CPWD exhibited its deep commitment and dedication on energy efficiency measures in Central Government Buildings maintained by it. As Energy Efficiency Measures, existing fittings in 88 General Pool Office Buildings across the country have been replaced with LED fittings. Shastri Bhawan, New Delhi maintained by CPWD, has been selected for National Energy Conservation Awards and awarded 1st prize in the year 2017.

CPWD has made it mandatory to install Rain Water Harvesting system and Waste Water Recycling plant in all its major projects as a part of water conservation measures.  Under the ‘Sugamya Bharat’ Mission, CPWD has undertaken the massive task of making public buildings under its maintenance in the country, completely accessible.

CPWD Engineers and Architects are back on plans of redeveloping all four colonies after instructions of Minister of Housing and Urban Affairs Sh. Hardeep Singh Puri to save every single tree from cutting and yet completing the projects within the prescribed time.The plans for Mohammadpur and Thyagraj Nagar are being modified to save trees to ensure no tree felling. The planning of Sriniwaspuri& Kasturba Nagar is under way with similar aim. New proposals may emerge in favour of saving trees by sacrificing few elements of projects such as basement parking and few dwelling units etc. if required.

 

*******

RJ

The President of India, Shri Ram NathKovind, graced and addressed the 64th annual convocation of Indian Institute of Technology (IIT) Kharagpur today (July 20, 2018) in Kharagpur, West Bengal.

Speaking on the occasion, the President said that IIT Kharagpur has its origins in a committee that was set up by the government shortly after Independence to take stock of technical education. The committee was headed by the British Nobel laureate Dr A.V. Hill who recommended the setting up of an institution modelled on the pattern of MIT in the United States. The use of global experts to conceive this Institute was appropriate. Over the years, IIT Kharagpur and in fact the IIT network and community has become an important window to the world. This is in keeping with our country’s and our civilisation’s character. Exchange of ideas, of expertise, of knowledge – across fields, from engineering to economics, from medicine to management – has contributed to our policy choices and our people’s development. We must continue to celebrate this.

The President said that IIT Kharagpur’s diverse and trans-disciplinary academic portfolio has led to joint research programmes with several institutions. These include the Indian Statistical Institute, the Indian Association for the Cultivation of Science, and Tata Medical Centre, all located in Kolkata. With its wealth of knowledge, it is for IIT Kharagpur to continue to guide the nation by helping find solutions to the pressing problems of our age – whether agricultural productivity or emerging infectious diseases, whether renewable energy or low-cost housing and sustainable cities. He noted that IIT Kharagpur has signed an MoU with the Ministry of Rural Development, Government of India, to set up a Centre for Excellence in Big Data Analytics for Rural Development. This holds great potential for the well-being of so many of our fellow citizens.

The President said that in colleges and universities that he has visited across the country, he finds that girl students tend to win more medals and awards than their male counterparts. Yet, when it comes to IITs, the intake of girl students is distressingly low. In 2017, about 160,000 candidates appeared for the IIT Joint Entrance Examination (Advanced). Only some 30,000 were girls. In 2017, 10,878 students got admission into the undergraduate class of the IITs. Only 995 were girls. He noted that 11,653 students are enrolled at IIT Kharagpur. Only 1,925 are girls – a little over 16 per cent. He said that this cannot go on. We need to do something about these numbers. The participation of women in higher education, in science and technology and in the workforce of our country has to rise to fair and acceptable levels within the coming decade. This should be a national priority, and the IIT community must take the lead.

The President also unveiled the foundation stone for the SavitribaiPhule Girls’ Hostel and the APJ Abdul KalamInternatinalVisitors’s Guest House on the occasion. 

***

AKT/HS/AK

NIWE, has installed a remote sensing instrument- LiDAR for assessment of offshore wind resource at Gulf of Khambat, off the Gujarat Coast

Developers are encouraged to deploy most advanced technologies

IREDA, a non-banking financial institution under the Ministry has conducted studies with foreign assistance during the last three years and current year

Most of renewable energy projects in the country are being implemented by the private sector developers selected through a transparent bidding process. In order to be competitive, Developers are encouraged to deploy most advanced technologies.

National Institute of Wind Energy (NIWE), an autonomous institution under the Ministry has installed a remote sensing instrument- LiDAR for assessment of offshore wind resource at Gulf of Khambat, off the Gujarat Coast.

Indian Renewable Energy Development Agency (IREDA), a non-banking financial institution under the Ministry of New and Renewable Energy has conducted following studies with foreign assistance during the last three years and current year:

• Study/Survey & Preparation of Road Map on Tidal Energy Projects in India.

• Study on the business models for decentralized systems such as Solar PV/Hybrid mini grids, PV irrigation pumps and household lighting systems under access to Clean Energy Programme.

• Study for analysis of battery and Solar PV modules recycling processes in India along with development of market outreach strategy for Rooftop Solar PV.

• Study on the Investment Potential of Biofuels in India.

A total of 31.67 GW of renewable energy capacity has been installed through implementation of various renewable energy programmes/schemes during last three years and current year (up to June 2018) in the country including the state of Uttarakhand.

 

 

This information was provided by Shri R.K. Singh, Union Minister of State (IC) Power and New & Renewable Energy in written reply to a question in Lok Sabha today.

*****

JN/RP

 

A target of installing 175 GW of renewable energy capacity by the year 2022 has been set

100 GW of solar capacity by 2022 in the country

The Government is promoting development of solar energy in the country by providing various fiscal and promotional incentives

The Government has set a target of installing 40 GW of grid connected rooftop solar capacity in the country including Delhi and National Capital Region (NCR) by year 2022. As per the Delhi Solar Policy, 2016 notified by Government of National Capital Territory of Delhi, target has been set for installation of 1 GW of solar power by year 2020 and 2 GW of solar power by year 2025 in Delhi.

The Government has set a target of installing 100 GW of solar capacity by 2022 in the country.  A target of installing 175 GW of renewable energy capacity by the year 2022 has been set, which includes 100 GW from solar, 60 GW from wind, 10 GW from bio-power and 5 GW from small hydro-power.

The Ministry of Urban Development had requested all States & UTs, in 2014 to issue necessary directives to all State Government Departments for using rooftop of buildings under their control for solar power generation on mandatory basis and also to local bodies under their jurisdiction to incorporate the similar provision in their building bye-laws so that installation of Roof Top Systems (RTS) on rooftops of all types of buildings in their jurisdiction may become mandatory. Further, the Ministry of Urban Development also issued Model Building Bye-Laws, 2016, in which suitable provisions for installation of RTS on buildings have been incorporated. Four States/UTs viz. Haryana, Chandigarh, Uttar Pradesh and Chhattisgarh have already issued mandatory notifications for installation of RTS in different categories of buildings.

The Capacity Utilization Factor (CUF) of solar power projects is less than thermal, hydro, nuclear, wind and bio-mass power projects. The Government has launched several schemes for promotion and development of renewable energy including solar energy in the country from time to time.   The Government is promoting development of solar energy in the country by providing various fiscal and promotional incentives such as accelerated depreciation, waiver of Inter State Transmission System (ISTS) charges and losses, financing solar rooftop systems as part of home loan, and permitting Foreign Direct Investment up to 100 per cent under the automatic route.

This information was provided by Shri R.K. Singh, Union Minister of State (IC) Power and New & Renewable Energy in written reply to a question in Lok Sabha today.

                                                                *****

 JN/RP 

 

“The average annual temperature, over the country as a whole, was 26.200C for the last ten years (2008 to 2017). The latest IPCC report (2014) highlights that mean surface temperature of the globe has risen by 0.850C ± 0.180C.  However, all-India mean temperature has risen nearly around 0.640C (less than the rise in global temperature) over the last 110 years.

 

Following steps have been undertaken by the Ministry of Earth Sciences in the area of Climate Change:

 

Launched a high-priority Programme to address the Science issues of Global and Regional Climate Change (GRCC) with a well-equipped state-of-the-art Center for Climate Change Research (CCCR) at Indian Institute of Tropical Meteorology (IITM), Pune for interdisciplinary research and training in the area of science of climate change. The Earth System Model (ESM) has been developed for generating future climate change scenarios. Currently, CCCR is leading “Co-ordinated Regional Downscaling Experiment (CORDEX)” for the South Asian region under the aegis of the World Climate Research Program (WCRP) of the World Meteorological Organisation (WMO). The CORDEX program provides an important framework for a co-ordinated set of downscaled regional climate simulations for both the historical past and future decades. Training workshops are also conducted for end-users, stakeholders in the South Asian region.

 

The National Action Plan on Climate Change (NAPCC) released in 2008 by Government of India. Outlines eight missions in specific areas of Solar Energy, Enhanced Energy Efficiency, Sustainable Habitat, Water, Sustaining the Himalayan Ecosystem, Green India, Sustainable Agriculture and Strategic knowledge for Climate Change. Eight National Missions form the core of the National Action Plan, representing multipronged, long term and integrated strategies for achieving key goals in the context of climate change.”

 

This information was given by Union Minister of Earth Sciences, Dr. Harsh Vardhan, in a written reply to a question in Lok Sabha today. 

 

 

***

HK

 

Canadian Solar, one of the world's largest solar power companies, has acquired 97.6MWp solar photovoltaic project in Cafayate, Salta Province, Argentina.

The Cafayate Project was awarded in the second public renewable energy tender in Argentina, receiving a USD denominated 20-year Power Purchase Agreement at US$56.28/MWh. Canadian Solar plans to start construction on the plant in July 2018. Once connected to the grid by Q2 of 2019, the plant will generate approximately 235,777 MWh of electricity per year, which will be sold to CAMMESA.

Verano Capital, an American project developer headquartered in Santiago, announced  that the 47 MW solar project they initially developed was selected in Chile’s latest energy tender with a winning bid at $25.38/MWh, the lowest 24/7 block price combining solar and wind ever recorded in the history of energy tenders.

The twin-island state Antigua and Barbuda has taken a leading role in terms of clean energy supply in the Caribbean.

Tamarugal Solar Project in the Tarapacá region will provide reliable, non-intermittent electricity from solar energy 24-hours a day 

SolarXXL is an already well known and successful company for photovoltaics in Europe.

France’s EDF Renewable Energy (EN) has inaugurated the 146 MW Boléro solar plant in the Atacama Desert of Northern Chile, according to a press release.

     (Photo: https://mma.prnewswire.com/media/721298/KENZO_team.jpg )

Talking to guests and media at the launch event, Venus Teoh, International Brand Director for Tiger Beer, shared: "True to our spirit of uncaging creativity and providing a platform for emerging talent to the world, Tiger Beer has brought together our partner WWF, the co-creative directors of KENZO, Humberto Leon and Carol Lim, and four handpicked young artists to create the limited edition Rare Stripes collection."

"This collection is another one of the ways we're raising global awareness and funds for endangered wild tigers. We want people to take action to save the wild tigers, our beloved brand icon, from extinction," she continued.

Michael Baltzer, Leader of Tigers Alive Initiative (WWF) added: "Every day we see tigers used in popular culture - in fashion motifs, on premium products and on billboards. Yet, tigers in the wild are in danger of becoming extinct. WWF is a leader in an ambitious global effort to double wild tigers but the tiger needs every help it can get. We are therefore delighted to have this powerful partnership with Tiger Beer and KENZO. We hope it sets a new wave of action and awareness from other brands for wild tigers."

KENZO's co-creative directors, Humberto Leon and Carol Lim and the four emerging artists that designed the collection were also present to launch the collection. Urging guests to lend their support to the cause, Humberto shared: "Carol and I had been hoping to work with WWF for some time and we were delighted that Tiger Beer brought us together. We hope our collaboration with WWF and these four great artists for this important cause will inspire people around the world to learn more about saving wild tigers. The reality is that if we don't take action now, we could very easily lose these animals forever."  

The four artists hailing from Cambodia, Malaysia, Singapore and the United States also drew inspiration from their trip to Cambodia where they worked closely with Leon and Lim to design the collection and heard from Phurba Lendhup, a WWF Wildlife Specialist from Bhutan, first-hand about the plight of wild tigers.

The launch event, which hosted over 150 guests and members of the media, provided an exclusive preview of the eight unique designs available for sale in the collection, aptly displayed within coat hangers fashioned out of snare wire traditionally used in poaching, in a bid to further drive home the plight of wild tigers.

The Rare Stripes collection officially drops at 3pm on July 21, with a limited number available via selected KENZO retail stores internationally from the beginning of August. 100% of the proceeds from the sale of the collection, which is made using Global Organic Textile Standard (GOTS) compliant organic cotton, will go to WWF in support of doubling the world's wild tiger population.

This is the second year of a six-year partnership between Tiger Beer and WWF to support WWF's global efforts in tiger conservation. The first year of the WWF partnership featured the successful #3890Tigers campaign, which invited people from around the world to pledge against illegal tiger trade by merging their 'selfies' with one of six bespoke tiger artworks created by global artists using the power of Artificial Intelligence (AI) technology.

For more information about the Tiger Beer x WWF partnership, their collaboration with KENZO and the Rare Stripes collection, please visit http://tigerbeer.com/rarestripes and #rarestripes.

For hi-res visuals of the Rare Stripes collection and the launch event, kindly download them here.

ABOUT TIGER BEER: 

Tiger Beer was born in 1932 on the streets of Singapore. A stone's throw away from the equator, its unique tropical lagering technique meant it was able to brew a beer that would keep Asia cool. In 2015, it started using the rays of the tropical sun for brewing, with over 8,000 solar panels installed on the rooftop of its facility in Singapore. Now, every Tiger Beer consumed in Singapore is brewed by the sun. Furthering its commitment towards global sustainability, 2017 has also seen Tiger Beer take Air-Ink, the world's first ink created from air pollution, to the streets of the world through creative collaborations with the best emerging artists, creating beautiful artworks out of pollution. Tiger Beer is the number one premium beer in Asia, and the world's fastest growing premium beer, available in more than 50 markets across the globe. For more information, please visit http://www.tigerbeer.com .

ABOUT HEINEKEN: 

HEINEKEN is the world's most international brewer. It is the leading developer and marketer of premium beer and cider brands. Led by the Heineken® brand, the Group has a portfolio of more than 300 international, regional, local and speciality beers and ciders. We are committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through "Brewing a Better World", sustainability is embedded in the business and delivers value for all stakeholders. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. We employ over 80,000 employees and operate breweries, malteries, cider plants and other production facilities in more than 70 countries. Heineken N.V. and Heineken Holding N.V. shares trade on the Euronext in Amsterdam. Prices for the ordinary shares may be accessed on Bloomberg under the symbols HEIA NA and HEIO NA and on Reuters under HEIN.AS and HEIO.AS. HEINEKEN has two sponsored level 1 American Depositary Receipt (ADR) programmes: Heineken N.V. (OTCQX: HEINY) and Heineken Holding N.V. (OTCQX: HKHHY). Most recent information is available on HEINEKEN's website: http://www.theHEINEKENcompany.com and follow us on Twitter via @HEINEKENCorp.

ABOUT WWF: 

WWF is one of the world's largest and most respected independent conservation organizations, with over 5 million supporters and a global network active in more than 100 countries and territories. WWF's mission is to stop the degradation of the Earth's natural environment and to build a future in which humans live in harmony with nature, by conserving the world's biological diversity, ensuring that the use of renewable natural resources is sustainable, and promoting the reduction of pollution and wasteful consumption. Visit http://www.panda.org/news for latest news and media resources and follow us on Twitter @WWF_media.

ABOUT KENZO: 

KENZO was founded by Japanese designer, Kenzo Takada in Paris in 1970. With its colorful prints and declaration of freedom, KENZO shook up the couture codes of the time by irreverently breaking the rules. In 2011, Humberto Leon and Carol Lim took post as Co-Creative Directors. At the core of their approach, travel, culture and fashion manifest in all that they do. KENZO has become known for its groundbreaking collaborations with avant-garde artists, musicians, actors, and designers. During their time at KENZO, Carol and Humberto have created a successful perfume, "KENZO World", introduced a new line "KENZO - La Collection Memento" and have opened new stores in Paris, Barcelona, Tokyo, Seoul and Shanghai.

DUBLIN, July 20, 2018 /PRNewswire/ --

The "Automotive Paints Market by Type, Resin, Technology, Paint Equipment, Texture, Content, ICE & EVs, Refinish, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The automotive paints market is estimated to be USD 8.74 billion in 2018 and is projected to reach USD 10.65 billion by 2025, at a CAGR of 2.88% from 2018 to 2025.

The demand for automotive paints is driven by the increasing demand for vehicles; whereas, technologies and R&D investments are influenced by government regulations.

However, advancements in automotive safety technologies have resulted in the reduced number of accidents, which, in turn, is a restraint for the automotive refinish paints market.

Waterborne technology is estimated to have the largest share in automotive paints market, by technology

The major advantage of waterborne paint is its low toxicity and flammability due to lower VOC levels. Paints based on this technology have excellent adhesion and greater heat resistance compared to solvent-based paints.

Owing to stringent emission regulations such as Regulation, Evaluation, Authorisation and Restriction of Chemical Substances (REACH), countries in Europe are reducing the use of solvent-borne paints and have shifted towards eco-friendly waterborne paints.

North America and Europe are estimated to showcase the largest usage rate for waterborne paints and are projected to grow at a steady pace over the forecast period.

Developing markets such as India and China are also switching to water-based paints, thus increasing the demand for waterborne paints over the forecast period.

Asia Oceania to dominate the automotive paints market

The automotive industry in the Asia Oceania region has been dynamic over the past few years and has seen an increase in the annual production of passenger and commercial vehicles. As a result, in the recent years, Asia Oceania has emerged as a hub for automobile production.

As compared to the region's substantial population, the vehicle ownership is low, making Asia Oceania an attractive market for global manufacturers. With the increasing vehicle production, the demand for paint will also increase, making increasing vehicle production the single biggest driver of the Asia Oceania automotive paints market.

Currently, due to the lack of strict VOC regulations, the usage of waterborne paints is lower than that in the western countries. This situation, however, is expected to change in the future and the demand for waterborne coating is projected to increase.

These factors combined, Asia Oceania is projected to be the largest automotive paint market over the forecast period.

Key Topics Covered

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.3.1 Markets Covered

1.3.2 Years Considered for the Study

1.4 Currency

1.5 Package Size

1.6 Limitations

1.7 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Secondary Data

2.2.1 Key Secondary Sources

2.3 Primary Data

2.4 Factor Analysis

2.4.1 Introduction

2.4.2 Demand-Side Analysis

2.4.2.1 Increasing Vehicle Production

2.4.2.2 Changing Consumer Preferences Shaping the Refinish Market

2.4.3 Supply-Side Analysis

2.4.3.1 Advancements in Paint Technologies

2.5 Market Size Estimation

2.5.1 Bottom-Up Approach

2.5.2 Top-Down Approach

2.6 Market Breakdown & Data Triangulation

2.7 Assumptions

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Automotive Paints Market (2016-2025)

4.2 Automotive Paints Market, By Paint Type

4.3 Automotive Paints Market, By Technology

4.4 Automotive Paints Market, By Resin Type

4.5 Automotive Paints Market, By Texture

4.6 Automotive Paints Market, By Vehicle Type

4.7 Automotive Paints Market, By Content

4.8 Automotive Paints Market, By Electric & Hybrid Vehicle Type

4.9 Automotive Paints Market, By Region

4.10 Automotive Refinish Paints Market, By Resin Type

4.11 Automotive Paints Market, By Painting Equipment Type

4.12 Automotive Paints Market, By Channel

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Stringent Emission Regulations and Environmental Concerns for Paint Manufacturing Process to Enhance the Market for Eco-Friendly Paints

5.2.1.2 Increasing Reach of Organized Players in the Refinish Market to Drive the Automotive Refinish Market

5.2.2 Restraints

5.2.2.1 Advancements in Automotive Safety Technologies Reduce Accidents, Thus Restricting the Refinish Market

5.2.3 Opportunity

5.2.3.1 Innovative Paint Technologies to Create Opportunities for Paint Manufacturers

5.2.3.2 Powder Coating to Create New Opportunities Owing to Growth in Demand for Premium and Ultra-Premium Cars

5.2.4 Challenges

5.2.4.1 Reducing Paint Wastage During the Paint Production

5.2.4.2 Rapid Change in Consumer Preferences is A Big Challenge for Automotive Paint Manufacturers

5.2.5 Macro Indicators

5.2.5.1 Introduction

5.2.5.2 Premium Vehicle Sales as A Percentage of Total Sales

5.2.5.3 GDP (USD Billion)

5.2.5.4 GNI Per Capita, Atlas Method (USD)

5.2.5.5 GDP Per Capita PPP (USD)

5.2.6 Us

5.2.7 China

5.2.8 Japan

6 Automotive Paints Market, By Paint Type

Note - The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

6.1 Introduction

6.2 Electrocoat

6.3 Primer

6.4 Basecoat

6.5 Clearcoat

7 Automotive Paints Market, By Technology

Note - The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

7.1 Introduction

7.2 Solvent-Borne

7.3 Waterborne

7.4 Powder Coating

8 Automotive Paints Market, By Resin Type

Note - The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

8.1 Introduction

8.2 Polyurethane

8.3 Epoxy

8.4 Acrylic

8.5 Other Resins

9 Automotive Paints Market, By Texture

Note - The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

9.1 Introduction

9.2 Solid Texture

9.3 Metallic Texture

9.4 Matte Finish Paints

9.5 Pearlescent Paints

9.6 Solar Reflective Paints

10 Automotive Paints Market, By Content

Note: The Chapter is Segmented By Electrocoat (Water, Resin, Pigments & Addtives), Basecoat (Solventbourne- Petroleum Based Solvent, Resin & Binder, Pigment & Colorant, Silicone Polymenrs & Additives, Waterbourne - Silicone Polymenrs & Additives, Water, Resin & Binder, Petroleum Based Solvent, Pigment & Colorant) and Clearcoat (Solventbourne - Petroleum Based Solvent, Resin & Binder, Pigment & Colorant, Silicone Polymenrs & Additives , Waterbourne - Silicone Polymenrs & Additives, Water, Resin & Binder, Petroleum Based Solvent, Pigment & Colorant)

10.1 Introduction

10.2 Electrocoat, By Content

10.3 Solvent-Borne Paints, By Content

10.4 Waterborne Paints, By Content

11 Automotive Paints Market, By Painting Equipment Type

Note: The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

11.1 Introduction

11.2 Airless Spray Gun

11.3 Electrostatic Spray Gun

12 Automotive Paints Market, By Vehicle Type

Note - The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

12.1 Introduction

12.2 Passenger Car

12.3 Light Commercial Vehicle

12.4 Trucks

12.5 Buses

13 Electric & Hybrid Vehicle Paints Market, By Region

Note - The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

13.1 Introduction

13.2 Battery Electric Vehicle (BEV)

13.3 Hybrid Electric Vehicle (HEV)

13.4 Plug-In Hybrid Vehicle (PHEV)

14 Automotive Refinish Paints Market, By Resin Type

Note: The Chapter is Further Segmented By Resin Type and Further It is Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

14.1 Introduction

14.2 Polyurethane

14.3 Epoxy

14.4 Acrylic

14.5 Other Resins

15 Automotive Paints Market, By Region

Note: The Chapter is Further Segmented at Country Level and By Paint Type (Electrocoat, Primer, Basecoat and Clearcoat)

15.1 Introduction

15.2 North America

15.2.1 US

15.2.2 Mexico

15.2.3 Canada

15.3 Asia Oceania

15.3.1 China

15.3.2 Japan

15.3.3 South Korea

15.3.4 India

15.3.5 Asia Oceania Others

15.4 Europe

15.4.1 Germany

15.4.2 France

15.4.3 UK

15.4.4 Italy

15.4.5 Spain

15.4.6 Europe Others

15.5 Rest of the World (RoW)

15.5.1 Brazil

15.5.2 Russia

15.5.3 South Africa

15.5.4 RoW Others

16 Competitive Landscape

16.1 Overview

16.2 Automotive Paints: Market Share Analysis

16.2.1 OEM Paint Market

16.2.2 Refinish Paint Market

16.3 Competitive Scenario

16.3.1 Expansions

16.3.2 Supply Contracts

16.3.3 New Product Launches/Developments

16.3.4 Partnerships/Joint Ventures

16.3.5 Mergers/Acquisitions

17 Company Profiles

17.1 PPG

17.2 BASF

17.3 Axalta

17.4 Akzonobel

17.5 Sherwin Williams

17.6 Kansai

17.7 Solvay

17.8 Valspar

17.9 Covestro

17.10 3M

17.11 DOW Chemical

17.12 KCC

17.13 Nippon Paint

For more information about this report visit https://www.researchandmarkets.com/research/rqfrdf/automotive?w=5

Media Contact:

Research and Markets

Laura Wood, Senior Manager

This email address is being protected from spambots. You need JavaScript enabled to view it.

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Related Links

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DOVER, N.J., July 20, 2018 /PRNewswire/ -- To continue bringing the most functional timepieces to outdoor adventurers, Casio America, Inc. is proud to again take part in the Outdoor Retailer Summer Market 2018 in Denver, Colorado, from July 22-26. Attendees will have the opportunity to experience Casio's timepieces booth on the convention floor and in the great outdoors. During the July 22nd Demo Day Experience at Confluence and Commons Park in Downtown Denver, attendees can experience Casio's timepieces firsthand by visiting Casio's booth (#D511) and participating in treks guided by ViewRanger. From July 23-26, Casio will be onsite at the Colorado Convention Center for the official start of the summer market and attendees can see demos in the Company's booth (#44154 - Upper Level).

"At Casio, we know how important it can be for outdoor enthusiasts to have the latest gear for their adventures, which is why we continue to strive to provide a range of technologies for every activity," said David Johnson, Vice President of Casio's Timepiece Division. "When it comes to staying connected and having gear that is built for toughness, Casio's PRO TREK and G-SHOCK timepieces can't be beat, and we are thrilled to be at Outdoor Retailer again to show off our versatile portfolio to the industry."

A Smart Watch for the Outdoors

This season, Casio has expanded its popular PRO TREK Smart Outdoor timepieces with the addition of the WSD-F20A. This rugged and connected timepiece offers the hallmark features outdoor enthusiasts have come to know and rely upon, but at a lower, more affordable price point. Powered by the Wear OS by Google operating system, users can tap into low-power GPS and full color maps with navigation even when the watch is offline. The WSD-F20A supports a wide range of outdoor and water activities and can be used in areas without cellular service, freeing up users to fully enjoy their adventures.

Designed with indigo accents, a soft black urethane band and buckle, button guards, a protective bezel, and three large side buttons, the WSD-F20A offers enhanced design and operability, making it an essential piece of everyday gear. The WSD-F20A also features water resistance up to 50 meters, military standard 810G durability as well as an altimeter, barometer, compass, activity tracker and more.

MASTER OF G for Rugged Wear

Sometimes situations require adventurers to push beyond their limits, to be strong and invincible. Whether on water, on land or in the air – they can always rely on the G-SHOCK MASTER OF G series, even under the most extreme conditions. The watches not only impress with their pure toughness and innovative features such as Triple Sensor technology (altimeter/barometer, thermometer and digital compass), but also through their sporty look.

In particular, the MASTER OF G RANGEMAN GPRB1000 solar GPS comes equipped with premium features such as Triple Sensor technology, mud resistance and low-temperature resistance. In addition, the GPRB1000 is capable of GPS navigation to guide adventurers during their outdoor activities. It also incorporates a new dual task display that can show current time, date and world time split with the user's choice of navigation path, barometric graph or sunrise/sunset data. Additionally, using Bluetooth®, the watch pairs with a smartphone to connect with the G-SHOCK Connected app, allowing the user to create routes or manage log data in the app. Each timepiece boasts a carbon fiber insert band, stainless steel black IP buckle and bezel, sapphire glass crystal, high-contrast MIP (Memory In Pixel) display and super LED backlight, as well as 3,300 almanac points for accurate tide and moon data. In a first for G-SHOCK, the watch also features a ceramic case back, which supports wireless charging and high sensitivity GPS reception. Lastly, it features water resistance up to 200 meters, daily alarms, stopwatch and countdown timer, and more. 

For more information on Casio's PRO TREK collection of timepieces, please visit https://wsd.casio.com/ and https://protrek.casio.com/. For information on G-SHOCK timepieces, please visit www.gshock.com.      

About PRO TREK Smart

Casio's PRO TREK Smart line of watches is geared for outdoor enthusiasts. Powered by Wear OS by Google, these timepieces are equipped with a variety of features ideal for outdoor adventures including GPS, Location Memory, Moment Setter, and more. These timepieces also boast Casio's Triple Sensor technology, in addition to a dual-layer LCD and water resistance. Casio's PRO TREK Smart line offers rugged, stylish and versatile timepieces with features that enhance any outdoor experience. For additional information on Casio's PRO TREK Smart line of timepieces, please visit: http://wsd.casio.com/us/en/  

About G-SHOCK

CASIO's shock-resistant G-SHOCK watch is synonymous with toughness, born from the developer Mr. Ibe's dream of 'creating a watch that never breaks'. Over 200 handmade samples were created and tested to destruction until finally in 1983 the first, now iconic G-SHOCK hit the streets of Japan and began to establish itself as 'the toughest watch of all time'. Each watch encompasses the 7 elements; electric shock resistance, gravity resistance, low temperature resistance, vibration resistance, water resistance, shock resistance and toughness. The watch is packed with Casio innovations and technologies to prevent it from suffering direct shock; this includes internal components protected with urethane and suspended timekeeping modules inside the watch structure. Since its launch, G-SHOCK has continued to evolve, continuing to support on Mr. Ibe's mantra "never, never give up." www.gshock.com

About Casio America, Inc.

Casio America, Inc., Dover, N.J., is the U.S. subsidiary of Casio Computer Co., Ltd., Tokyo, Japan, one of the world's leading manufacturers of consumer electronics and business equipment solutions. Established in 1957, Casio America, Inc. markets calculators, keyboards, digital cameras, mobile presentation devices, disc title and label printers, watches, cash registers and other consumer electronic products. Casio has strived to fulfill its corporate creed of "creativity and contribution" through the introduction of innovative and imaginative products. For more information, visit casio.com/home.

SOURCE Casio America, Inc.

Related Links

http://www.casiousa.com

DUBLIN, June 20, 2018 /PRNewswire/ --

The "Ocean Energy - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The report provides separate comprehensive analytics for the US, Canada, Japan Europe, and Rest of World. Annual estimates and forecasts are provided for the period 2015 through 2022. Market data and analytics are derived from primary and secondary research.

This report analyzes the worldwide markets for Ocean Energy in Kilowatts by the following Technology Segments:

The report profiles 61 companies including many key and niche players such as:

  • Able Technologies, L.L.C. (USA)
  • Albatern Ltd. (UK)
  • Applied Technologies Company, Ltd. (Russia)
  • AquaGen Technologies (Australia)
  • Aqua-Magnetics Inc. (USA)
  • Atargis Energy Corporation (USA)
  • Atlantis Resources Ltd. (UK)
  • BioPower Systems Pty. Ltd. (Australia)
  • Blue Energy Canada Inc. (Canada)
  • Carnegie Clean Energy Limited (Australia)
  • Minesto AB (Sweden)
  • Nova Innovation Ltd. (UK)
  • Ocean Power Technologies Inc. (USA)
  • Ocean Renewable Power Company, LLC (USA)
  • OpenHydro Group Limited (Ireland)
  • Scotrenewables Tidal Power Ltd. (Scotland)
  • Tocardo International BV (Netherlands)
  • Verdant Power, Inc. (USA)

Key Topics Covered:

1. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

2. INDUSTRY OVERVIEW

Ocean Energy: Harnessing the Sheer Potential of Oceans & Seas for Meeting Future Energy Needs

Important Factors Influencing the Global Ocean Energy Market

Growing Environmental Concerns

Increasing Regulations

Rising Electricity Consumption & Energy Prices

Shift to Renewable Sources of Energy: An Inevitable Reality

Huge Untapped Kinetic Energy Potential of Oceans: A Fundamental Growth Driver

Fast Facts

Growth Drivers in a Nutshell

Key Market Inhibitors

Government Intervention Critical for Commercial Success of Ocean Energy

Domestic Targets for Greenhouse Gas Emissions of Select Regions/Countries

Technology Commercialization: Need of the Hour

Ocean Energy - A Review of Current Scenario

Global Market Outlook

Europe Leads the Global Ocean Energy Market

Europe: Focal Point for Ocean Energy Technologies R&D

Asia-Pacific: Frontrunner in Tidal Barrage Power Plants

3. MARKET TRENDS, ISSUES & DRIVERS

Growing Number of Wave Energy Projects Worldwide Drives Strong Market Growth

Major Wave Energy Projects Worldwide: Project Proponent, Technology, Location, Capacity (MW) and Development Stage

Tidal Energy Gains Momentum

MeyGen - A Multi-Turbine Tidal Stream Project in Scotland

Tidal Energy Projects Worldwide

Major Tidal Projects (Existing & Proposed) Worldwide

Tidal Stream Projects Lends Traction to Market Growth

Tidal Range Projects to Face Challenges

Ocean Thermal Energy Conversion (OTEC) - A Niche Segment

OTEC Project on the South Pacific Ocean Obtains Bureau Veritas Approval

Other FOWT Projects

Major FOWT Projects Worldwide: Project Proponent, Technology, Location, Capacity (MW) and Development Stage

Rising Investments in Renewable Energy Sources Benefit Market Expansion

Superior Attributes of Tidal Energy Attract New Developers, Benefits Market Adoption

Horizontal Axis Turbines Grab Lion's Share of Tidal Energy Devices

Tidal Energy: Abundant Resources despite Technology Barriers

Despite Dominance of Tidal Energy, Wave Energy Garner Growing Attention and Investments

Small Islands Provide Big Push for Ocean Thermal Energy Conversion Plants

Surveys to Play a Vital Role in Project Developments

Robust Electric Power Consumption Drives the Need for Alternative Energy Sources

Burgeoning Global Population Propels Demand for Electric Power

Key Challenges Hampering Ocean Energy Development

Financial Support and Markets

Administrative and Environmental Issues

Environmental Challenges

Administrative Issues

Social Acceptance Impediments

Availability of Grid Close to Projects

Grid Integration

Technology Advancements

4. INNOVATIONS AND ADVANCEMENTS

PLAT-O Driving Down Tidal Energy Costs

bioWAVE: The New Ocean Energy Harnessing Device Deployed off the Australian Coast

THWAT Turbine for Tidal Energy

HiWave: A Novel WEC Technology that Works on the Human Heart Blood Pumping Principle

Xenesys and Saga University to Develop OTEC Technology

Japan Houses the State-of-the-Art OTEC Center

Technology Developments to Harness Salt Power

5. CONCEPT OF OCEAN ENERGY

Ocean Energy

Ocean Energy Extraction

Mechanical Energy

Thermal Energy

Wave Energy

Availability of Wave Energy

Major Resources

Potential of Wave Power

Advantages of Wave Energy

Challenges Faced by Wave Energy Power Facilities

Technology Overview

Oscillating Water Column (OWC)

Point Absorption Devices

Attenuator

Overtopping Devices

Tidal Energy

Methods of Energy Conversion

Tidal Barrage

Tidal Streams

Potential of Tidal Power

Advantages

Inexhaustible and Highly Reliable

Less Conspicuous

Predictability

Environmental Concerns

Floating Offshore Wind Turbine (FOWT)

Ocean Thermal Energy

Salt Power

Resources

6. COMPETITIVE LANDSCAPE

Ocean Energy: A Highly Fragmented Market

Untapped Growth Potential Luring Players

Select Wave Energy Technology Developers and Devices in the US

6.1 Focus on Select Global Players

Able Technologies, L.L.C. (USA)

Albatern Ltd. (UK)

Applied Technologies Company, Ltd. (Russia)

AquaGen Technologies (Australia)

Aqua-Magnetics Inc. (USA)

Atargis Energy Corporation (USA)

Atlantis Resources Ltd. (UK)

BioPower Systems Pty. Ltd. (Australia)

Blue Energy Canada Inc. (Canada)

Carnegie Clean Energy Limited (Australia)

Minesto AB (Sweden)

Nova Innovation Ltd. (UK)

Ocean Power Technologies Inc. (USA)

Ocean Renewable Power Company, LLC (USA)

OpenHydro Group Limited (Ireland)

Scotrenewables Tidal Power Ltd. (Scotland)

Tocardo International BV (Netherlands)

Verdant Power, Inc. (USA)

6.2 Product Launches

Scotrenewables Tidal Power Unveils 2MW SR2000 Tidal Turbine

Kepler Energy Develops Transverse Horizontal Axis Water Turbine (THAWT) Technology

Makai Ocean Engineering Unveils OTEC Power Plant

6.3 Recent Industry Activity

Atlantis Signs MoU with Xodus

Atlantis Collaborates with LM Nagasaki University

Atlantis to Divest Stake in Atlantis Operations Canada

Minesto Completes First Offshore Installation Phase

Seabased to Build Two 20-MW Wave Power Plants in the Caribbean

DCNS Announces the Formation of DCNS Energies

Wrtsil Inks Global Co-Operation Agreement with AW-Energy

Subsea 7 Collaborates with Flumill

Tribute Resources to Acquire Outstanding Share of Tocardo International

TenneT Enters into a Grid Connection Agreement with DONG Energy

Atlantis Signs Strategic Partnership Agreement with Hyundai Engineering & Construction

Ocean Thermal Energy Completes Reverse Merger with TetriDyn Solutions

Ocean Power Technologies Inks Lease Agreement with Mitsui Engineering and Shipbuilding

Carnegie Clean Energy Wins $15.7 Million State-Government Grant

Scotrenewables Tidal Power Deploys SR2000 Floating Tidal Turbine for Testing at the EMEC

Atlantis Resources Inks Preferred Supplier Agreement with SBS International

DCNS Energies Signs LOI with PT AIR

Ormat Technologies Acquires Viridity Energy

TU Delft Inks Agreement with Japan

Nine Companies Join Forces to Form Australian Marine Energy Taskforce

General Electric Suspends Oceade Tidal Energy Turbine Development

MacArtney Underwater Technology Acquires Majority Holding in ASME

Atlantis Acquires Scottish Tidal Project Assets from ScottishPower Renewables

Tribute Resources Takes Over Stake in Tocardo International

Atlantis' MeyGen Project Inks Agreement with Lochend Wind Energy

Atlantis Resources Enters into a MoU with SBS Intl

PT AIR and OpenHydro Signs MoU

Carnegie Wave Energy signs a Deal with Energy Made Clean

Verdant Power and Belleville Duggan Renewables to Form Verdant Isles

Carnegie Wave Energy to Develop Biggest Wave Energy Project in the UK

Carnegie Wave Energy to Construct Renewable Energy Microgrid

Carnegie Wave Energy Signs MoU with Lanka Energy Conservation

OpenHydro to Supply Tidal Turbine System for Japan

Atlantis Commences the MeyGen Project

Sotens Wave Power Plant Starts Generating Electric Power to Nordic Electricity Grid

KRISO Receives Bureau Veritas Approval for Ocean Thermal Energy Converter Project

Tocardo to Deploy T2 Bi-Directional Turbines in the Minas Passage

Tocardo to Install Eight T2 Turbines at EMEC's Grid-Connected Tidal Test Site

Carnegie Wave Energy Bags Grant from European Regional Development Fund

US DOE to Offer US$ 40 Million for Wave Energy Test Facility

EIB to Invest 10 Million in AW-Energy

Thane Municipal Corporation to Establish a Tidal Energy Plant

Karnataka Government Strikes a Deal with Tar Kovacs Systems

Carnegie Wave Energy to Rename as Carnegie Clean Energy

Ocean Power Technologies Changes PowerBuoy Device Name to PB3

GE Acquires Alstom's Power and Grid Businesses

Atlantis Acquires Marine Current Turbines from Siemens

British Columbia and Nova Scotia Enters into a Partnership

SABELLA, and H and WB Asia Pacific Sign Memorandum of Agreement

Alstom Selects Moventas as Sole Gearbox Development Partner

European Marine Energy Centre and FloWave Ocean Energy Enter into Collaboration

WERPO Signs Partnership Agreement with ACEP

Tocardo Tidal Turbines and Huisman Install Tidal Turbines in Eastern Scheldt Storm Surge Barrier

SCHOTTEL HYDRO to Supply Variable Pitch Hub for MeyGen Tidal Energy Project

Swedish Energy Agency Grants 2 Million to Corpower Ocean

Indian Navy to Establish OTEC Project in Andaman and Nicobar Islands

Apple to Invest 1 Million in Irish Wave Energy Project

Seabased Industry Installs First Wave Power Plant in Ghana

NEDO Selects IHI and Toshiba for Tidal Energy Turbine System

Atlantis Receives Approval for MeyGen tidal project in Scotland

7. GLOBAL MARKET PERSPECTIVE

8. REGIONAL MARKET PERSPECTIVE

8.1 The United States

A. Market Analysis

Vast Shoreline and Favorable Regulations Drive Strong Market Growth

Major Wave Energy and FOWT Projects in the US: Project Proponent, Technology, Location, Capacity (MW) and Development Stage

Huge Potential for Power Generation Drive Federal Government Funding in Ocean Energy

US Open Sea Test Sites

Hawaii Powering the US Ocean Energy Market

Wave Energy

Ocean Thermal Energy

The WETS Location in Hawaii: A Major Testing Location

B. Market Analytics

8.2 Canada

A. Market Analysis

Canada: A Key Proponent of Ocean Energy Worldwide with Significant Market Potential

Provinces with Potential Tidal Stream Energy

Provinces with Potential Wave Energy

Major Marine Research Centers

Major Tidal Stream and Wave Energy Projects in Canada: Project Proponent, Technology, Location, Capacity (MW) and Launch Year

Canada Reinforces its Position in Tidal and Wave Energy Sector

Canadian Open Sea Test Sites

Major Developments in the Canadian Ocean Energy Terrain

Canada to Tap Tidal Power Generation Capacity in Bay of Fundy

B. Market Analytics

8.3 Japan

A. Market Analysis

Japan Offers Significant Opportunities in Marine Energy Generation

Potential Opportunities

Government Funding Promotes Tidal Technology Development

Nagasaki to Emerge as Hub for Ocean Energy

Development of Ocean Energy Gains Traction in Japan Following the Natural Disaster

Major Tidal Stream and Wave Energy Projects in Japan: Project Proponent, Technology, Capacity (MW), Location and Development Stage

Major Other Ocean Energy Projects in Japan: Project Proponent, Technology, Location, Capacity (MW) and Development Stage

B. Market Analytics

8.4 Europe

A. Market Analysis

Europe Moves Ahead to Tap Tidal and Wave Energy

Major Tidal and Wave Energy Projects in Europe

Ocean Energy Capacity to Grow Substantially

Myriad Benefits of Ocean Energy Promote Sustainable Energy Development

Mitigates Carbon Emissions and Climate Change

Supports Grid Stability and Lowers Systems Cost

Benefits Associated Sectors

Reduces Dependence on Diesel Generation

Supports Economy

European Policy for Ocean Energy

Industry and EU Funds Support Ocean Energy RD&D Efforts

Ocean Energy to Gather More Steam with Public Support

Major Policy Initiatives Aid in Commercialization of Ocean Energy Technologies

Pre-commercial Projects Under NER300 Programme

EIB to Support Innovative Pioneering Demonstration Projects

B. Market Analytics

8.4.1 France

A. Market Analysis

Major Tidal Stream and Wave Energy Projects in France: Project Proponent, Technology, Location, and Capacity (MW)

France Announces Major Plans to Harness Ocean Energy

French Open Sea Test Sites

French Government Supports Tidal Energy Projects

B. Market Analytics

8.4.2 The United Kingdom

A. Market Analysis

The UK Set to Take Center Stage in European Wave Energy Market

The UK to Replace France as the Leading Ocean Energy Market in Europe

New Project to Support Ocean Energy

The UK Scouring Depths of Ocean for Power

UK Open Sea Test Sites

Rising Investments in Tidal Energy Projects Benefits Country's Ocean Energy Sector

Scotts and Irish Collaborate on Ocean Energy

Despite Brexit, British Ocean Energy Market Firmly on the Growth Trajectory

Brexit Not Casting Gloom over Committed Investments

Consistent Funding Despite Political Uncertainties

Major Challenges to Surmount for the UK Ocean Energy Market

Commercialization

Reduced Production Costs

Stability and Continuity in Policies

Contracts for Difference

Industry and Government Collaboration: Need of the Hour

B. Market Analytics

8.4.3 Spain

A. Market Analysis

Spanish Open Sea Test Sites

B. Market Analytics

8.4.4 Portugal

Market Analysis

8.4.5 Rest of Europe

A. Market Analysis

Open Sea Test Sites

Overview of Select Countries

Netherlands

Tocardo Announces Various Tidal Projects

Norway

Major Tidal and Wave Energy Projects in Norway: Project Proponent, Technology, Capacity (MW) and Development Stage

B. Market Analytics

8.5 Rest of World

A. Market Analysis

Asia-Pacific

Tidal Power Closing Gap with Solar and Wind Energy

Pacific Islands to Ride on Ocean Wave Energy

Vast Potential in the Pacific Waters

Slow Rate of Technological Advancements Hampering Progress

Many Challenges to Surmount Before Success

British Firms Keen to Tap Rich Ocean Energy Potential of Filipino Waters

Select Regional Markets

Australia

Major Ocean Energy Projects in Australia: Project Proponent, Description, Location, and Development Stage

Australia Funds Project to Understand and Unlock Potential of Tidal Energy

China

Major Ocean Energy Projects in China: Project Proponent, Location, Capacity (MW) and Year of Operation

Chinese Open Sea Test Sites

Technology Advancements in Tidal Power Harnessing

India

India Marches Ahead to Harness Ocean Renewable Energy

Indonesia

Major Ocean Energy Projects in Indonesia: Project Proponent, Technology, Capacity (MW), and Location

South Korea

Major Wave and Tidal Energy Projects in South Korea: Project Proponent, Technology, Capacity (MW) and Project Period

Major OTEC, Salinity Gradient & Other Ocean Energy R&D Projects in South Korea: Project Proponent, Technology, and Project Period

South Korean Open Sea Test Sites

Philippines

Major Ocean Energy Projects in the Philippines: Project Proponent, Technology, Capacity (MW) and Location

B. Market Analytics

9. COMPANY PROFILES

  • Total Companies Profiled: 61 (including Divisions/Subsidiaries - 61)
  • The United States (10)
  • Canada (4)
  • Europe (39)
    • France (2)
    • Germany (2)
    • The United Kingdom (17)
    • Spain (1)
    • Rest of Europe (17)
  • Asia-Pacific (Excluding Japan) (7)
  • Middle East (1)

For more information about this report visit https://www.researchandmarkets.com/research/kvnm6d/global_ocean?w=5

Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.

Media Contact:

Research and Markets

Laura Wood, Senior Manager

This email address is being protected from spambots. You need JavaScript enabled to view it.   

For E.S.T Office Hours Call +1-917-300-0470

For U.S./CAN Toll Free Call +1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907

Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

Related Links

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DUBLIN, June 20, 2018 /PRNewswire/ --

The "Green Building Materials - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2016 through 2024. Also, a five-year historic analysis is provided for these markets. This report analyzes the worldwide markets for Green Building Materials in US$ Million.

The Global market is further analyzed by the following Types:

  • Insulation
  • Exterior Siding
  • Framing
  • Roofing
  • Interior Finishing
  • Others

Additionally, the US market is analyzed by the following Types, End-use Sectors, Housing Types, and Segments:

Types

  • Concrete
  • Doors
  • Flooring
  • Roofing
  • Windows
  • Others

End-Use Sectors

Housing Type

  • Pre-Fabricated
  • Multiple Dwelling
  • Single-Family

Segments

  • Building Systems
  • Exterior
  • Interior
  • Structural
  • Others

Key Topics Covered:

1. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

2. INDUSTRY OVERVIEW

Climate Change and Spiraling Energy Prices Transform Green Buildings from Niche to Mainstream

Growth Drivers in a Nutshell

Market Challenges in a Nutshell

Green Building Materials: Future of Sustainable & Green Building Construction

Major Green Building Trends & Drivers Summarized

LEED Rated Buildings

Net Zero Energy (NZE) Buildings

Urbanization

Adoption of Solar

Passive Design

Green Retrofits and Re-Modeling

Sustainable Materials

Energy Efficiency

Water Efficiency

Resilience

Water Conservation

Smart or Intelligent Buildings

Healthier Buildings

Green Path to Future

Traditional Materials

Other Evolving Trends in the Green Buildings Market

Green Building Products and Technologies: An Overview

HVACR Systems

Lighting Solutions

Plumbing Products

Wood Products

Insulation

Doors and Windows

Glass

Rising Energy Consumption and Growing Environmental Consciousness Drive Widespread Adoption of Green Building Materials

Global Market Outlook

Developed Countries are Traditional Revenue Generators, while Developing Economies Offer Growth Potential

Upward Movement in Construction Activity in Asian Countries to Drive Strong Market Gains

3. MARKET TRENDS, ISSUES, AND DRIVERS

Growing Prominence of Energy Efficient Smart and Green Buildings Drive Strong Demand for Green Building Materials

Recovery in Construction Activity Worldwide Boosts Market Prospects for Green Building Materials

Residential Construction Sector: Trend Favors Small & Green Homes

Rising Investments in Infrastructure Projects Benefit Market Prospects

Greening of Corporate Real Estate: Facing Hurdles in Achieving Green Building Certification

Key Trends in Green Commercial Building Construction

Sustainability in Warehouse Designs: Immense Benefits

Stringent Regulatory Standards and Building Codes Favor Demand for Green Concrete

Reduced CO2 Emissions and Enhanced Strength Drive Steady Penetration of Green Cement in Sustainable Construction

Rising Awareness of Green Buildings and Need for Energy Conservation Drive Focus on Green and Smart Windows

Consumers Recognize Energy Saving Properties of Low-E Glass

Energy-Saving Glass in Windows to Deliver Favorable Economic Returns

Growing Need to Achieve Sustainability and Cost Savings Propels Demand for Green Roofing

Green Roofing Technologies Offer Huge Untapped Market Potential

Smog Absorbing Shingles

Solar Roofing Shingles

Cold-Liquid-Applied Membranes

BIPV for Rooftops

Solar Ready Roofs

Energy-Efficient Asphalt Shingles

Reflective Roof Coatings

Critical Need to Prevent Energy Loss and Raise Energy Efficiency Drives Demand for Insulation Technologies

Passive House Standards: The Future of Building Insulation

Aerogels: A Green Insulation Material for Creating Multifunctional Insulation Products

Usage of Recycled Raw Materials in Insulation Products Surges

Recycled Consumer Glass in Production of Glass Wool

Insulation Market to Gain from Greenhouse Gas Emission Targets

Cellulose & Cotton Insulation Gain Prominence

Green Building Construction and Retrofit Activities Offer Growth Opportunities for Energy-Efficient Lighting Fixtures

Rising Environmental Concerns Drive Demand for Recyclable Options

Green Flooring Made of Renewable Resources Garner Significant Interest

The Green' Image of Wood Flooring Drives Demand Growth

Bamboo Flooring: Capitalizing on Green Attribute

Go Green: The New Mantra for Plywood Flooring Manufacturers

Building Resilience: The Next Big Thing in Sustainable Building Construction

Key Considerations in Building Resilient Homes

The Go Green' Trend Benefit Demand for Green Panelized Housing

Growing Demand for Rapidly Renewable Materials

Chemical Producers Gain from Green Concept

Favorable Demographic & Economic Trends Strengthen Market Prospects

Exponential Increase in Urbanization

Population Growth

Burgeoning Middle Class Population

4. INNOVATIONS AND ADVANCEMENTS

Cool Concrete: A Means to Mitigate Urban Heat Island Effect

Innovations that Increase Sustainability Quotient of Ceramic Tiles

Top Greening Innovations: A Review

A Glance at Promising Green Building Material Technologies & Products

Green Building Materials for Indoors: A Review of Innovative Products

Other Noteworthy Green Building Technology Innovations

5. GOVERNMENT REGULATIONS & STANDARDS

Green Building Standards and Regulations

An Overview of Global Green Building Certifications

LEED Certification

LEED v4.1: The Latest Version of LEED

LEED and BREEAM: Two Major International Building Certification Programs

G-SEED Certification Program

Green Globes: An Alternative to LEED Certification

LEED Vs Green Globes

Government Mandates for Energy Efficiency

Focus on Green Certification Programs for Individual Building Elements

6. PRODUCT OVERVIEW

Green Buildings: A Prelude

Achieving Energy Efficiency through Green Architecture

A Review of Green Building Materials

Green Floorings

Cork

Bamboo

Carpet

Stone

Hardwood

Linoleum

Green Insulation

Fiberglass Insulation

Fabric Wrapped Pressed Fiberglass Panels

Mineral Wool Insulation

Styrofoam Insulation

Spray-On Fiber Insulation

Cotton Insulation

Low VOC Paints

Gypsum Board

Green Roofs

Green Windows or Energy Efficient Windows

Green Doors

Green Siding

Green or Recycled Concrete

Energy Efficient Lighting

Water-Efficient Plumbing Fixtures

7. COMPETITIVE LANDSCAPE

7.1 Focus on Select Global Players

American Hydrotech, Inc. (USA)

Amvic, Inc. (Canada)

Andersen Corporation (USA)

Armstrong World Industries, Inc. (USA)

BASF SE (Germany)

Bauder Ltd. (UK)

CEMEX S.A.B. DE C.V. (Mexico)

Chengdu Onekin Green Building Materials Co., Ltd. (China)

DowDuPont Inc. (USA)

Ecostar LLC (USA)

Firestone Building Products Company, LLC (USA)

Fletcher Insulation Pty Limited (Australia)

Georgia-Pacific LLC (USA)

Homasote Company (USA)

Johns Manville Corporation (USA)

Kingspan Group Plc (Ireland)

Knauf Insulation Ltd. (UK)

LafargeHolcim Ltd. (Switzerland)

LG Hausys, Ltd. (South Korea)

LIXIL Group Corporation (Japan)

Marvin Windows and Doors, Inc. (USA)

Mohawk Industries, Inc. (USA)

Xtratherm Limited (Ireland)

Nichiha Corporation (Japan)

Norbord Inc. (Canada)

Owens Corning (USA)

Pella Corporation (USA)

RedBuilt LLC (USA)

Rockwool International A/S (Denmark)

Roseburg Forest Products Company, Inc. (USA)

Saint-Gobain SA (France)

CertainTeed Corporation (USA)

Sika AG (Switzerland)

Sika Sarnafil, Inc. (USA)

Standard Industries Inc. (USA)

GAF Materials Corp. (USA)

BMI Group (UK)

The Alumasc Group PLC (UK)

The Garland Company, Inc. (USA)

USG Corporation (USA)

Wienerberger AG (Austria)

7.2 Product Launches

Andersen Announces Easy Connect Joining System

Hanergy Develops Glass-Topped Solar Roofing Tile

Andersen Announces Black Exterior Color Option Windows

Pella Launches VividGrain Stain Aesthetic Innovation for Entry Doors

Mannington Launches Adura Max Apex Floors

GAF Introduces Monaco Lifetime Designer Shingles

Ambuja Cements Launches Ambuja Plus Cool Walls

Armstrong Flooring Launches Paragon Solid Hardwood

BASF and SoloPower Launches Multi-Layered Roofing System

Maibec Launches Maibec Resistech Siding System

CertainTeed Introduces ICON

Interface Unveils Prototype Carbon Negative Carpet Tile

Johns Manville Launches JM CladStone Water & Fire Block Insulation

BASF Launches Elastospray LWP Spray Foam Insulation

Marvin Windows and Doors Announces Designer Black Painted Interior Finish

Dow Launches FROTH-PAK ULTRA Premium Foam Insulation System

GAF Launches DecoTech Roof-Integrated Solar System

7.3 Recent Industry Activity

L&W Supply to Acquire NexGen Building Supply

Owens Corning Acquires Guangde SKD Rock Wool Manufacture Co., Ltd.

Roseburg Acquires Pembroke's MDF Plant

LIXIL Americas Completes a JV Agreement with Bath Crest

Masco Corporation Acquires the L.D. Kichler Co

Andersen Acquires Heritage Windows and Doors

Owens Corning Acquires Paroc Group

Foundation Building Materials Acquires Ceiling & Wall Supply and Virginia Builders Supply

American Standard Join Forces with Lysol

Andersen Acquires Frontier Tooling and Design Corporation

Armstrong to Sell EMEA and Pacific Rim Businesses to Knauf International

KINA Partners with Sustainable Minds

Tesla Installs Solar Roof System

HeidelbergCement to Acquire Cemex's Pacific Northwest Materials Business

Owens Corning Acquires Pittsburgh Corning

Armstrong Acquires VCT Business of Mannington Mills

UFPI Acquires Majority Stake in Quality Hardwood Sales LLC

Standard Industries Acquires Braas Monier

ClarkDietrich Acquires Strait-Flex International

Armstrong Acquires Tectum Inc.

GAF Partners with LiveRoof

8. GLOBAL MARKET PERSPECTIVE

9. REGIONAL MARKET PERSPECTIVE

9.1 The United States

A. Market Analysis

Surge in Number of Sustainable Buildings Drive Strong Growth in Demand for Green Building Materials

Leading US States for LEED Certification Highlight a Number of New Green Construction Trends

Builders and Designers Embrace Sustainability in a Big Way

Major Trends in the US Green Building Sector Summarized

Growing Popularity of Smart Green Buildings Augurs Well for Market Adoption

Smart Building Boom

Smarter Is Healthier

Smart Green Homes for Easy Achievement of Sustainability

Programmable Thermostats

Smart Light Bulbs

Solar-Reflective Roofing Shingles

Bamboo Lumber

Monitoring Systems

Recovery in Construction Activity Benefit Demand in the Largest Application Sector of Housing

US Construction Industry: An Overview

Growing Investments in Green Construction Favors Market Demand

Curbing Escalating Energy Consumption: A Major Growth Factor for Green Buildings

Government Incentives Drive Demand for Green Materials

Net Zero Building: The Trend to Watch Out for

Green Materials Benefit from Rising Concerns over Indoor Air Quality

Reducing Cost of Green Materials: Essential for Growth

Eco-friendly Roofing Solutions to Back Market Growth

Vegetative Roofs on the Growth Path

Roofing Market 'Coolly' Moves On

American Cities Eagerly Adopt Green Roofs

Green Insulation Materials Gain Momentum

Insulation Market to Gain from Greenhouse Gas Emission Targets

Energy Conservation Regulations Propel Insulation Materials Market

Implementation of Building Codes Drive Insulation Demand

Increasing Focus on Energy Conservation Drives Thermal Insulation Market

Popular Sustainable and Eco-Friendly Home Flooring Materials

Popular Windows for Improving Energy-Efficiency

Rise in Green Building Programs: Positive Impact on Green Materials Market

The California Green Building Standards Code

The San Francisco Green Building Code

List of Green Building Codes/Projects in the US in Select States

LEED Projects

B. Market Analytics

9.2 Canada

A. Market Analysis

Strong Focus on Environmental Sustainability Drives Market Demand

Net-Zero Energy Buildings (NZEB)

Healthy Buildings

Rising Awareness of Green Constructions to Boost Market Growth

Recovery in Residential and Non-Residential Construction Propel Market Demand

Green Top Phenomenon Catching On

B. Market Analytics

9.3 Japan

A. Market Analysis

Large Building Stock in Need of Sustainable Renovation Drives Strong Market Demand

Steady Growth in Housing Starts Augur Well for Market Demand

Housing Construction Practices: An Overview

Concrete Recycling Technologies in Japan

B. Market Analytics

9.4 Europe

A. Market Analysis

Recovery in Construction Activity to Drive Steady Growth in Demand

Need to Reduce Energy Consumption Drives Demand for Green Materials

Heating and Cooling

Building Insulation

Efficient Lighting

Self-Powered Buildings

Building Insulation: Regulations Drive Market Growth

Energy Efficiency Regulations to Propel Growth

EPBD II Directive Brings Good News for Insulation Market

Large Stock of Under-insulated Buildings to Trigger Demand for Insulation Products

Renovation Market - A Major Driver for Insulation

The Directive on Energy Performance in Buildings (EPBD)

Europe's 2020 Program

B. Market Analytics

9.4.1 France

Market Analysis

9.4.2 Germany

Market Analysis

9.4.3 Italy

Market Analysis

9.4.4 The United Kingdom

A. Market Analysis

Need to Mitigate Climate Change and Lower Greenhouse Gas Emissions Drive Market Growth

UK Implements Policies to Achieve Carbon Reduction Targets

Growth in Construction Activity Promote Demand for Green Building Materials

Timber Frame Demand Continues to Grow Driven by Sustainability Factor

Tough Challenges Ahead for Green Products

B. Market Analytics

9.4.5 Spain

Market Analysis

9.4.6 Russia

Market Analysis

9.4.7 Rest of Europe

Market Analysis

9.5 Asia-Pacific

A. Market Analysis

Asian Countries Spearhead Green Building Revolution

Green Building Councils and Non-Government Associations Promote Market Growth

List of Green Building Rating Systems in Select Asia-Pacific Countries

B. Market Analytics

9.5.1 China

A. Market Analysis

China: The World's Largest Construction Market Represents a Major Market for Green Building Materials

Mushrooming Smart Cities Benefit Market Adoption

Growing Preference for Green Building Materials in Large Number of Housing Projects Bode Well for the Market

Various Government Initiatives Favor Growth in Demand for Green Building Materials

China Committed to Expand Green Construction Market Landscape

Building Insulation: Benefiting from Stringent Regulations

Eco-Cities Promote Green Construction

B. Market Analytics

9.5.2 Rest of Asia-Pacific

A. Market Analysis

Focus on Select Markets

Australia

India

India's Green Buildings Market to Experience Strong Growth

Rapid Increase in Green and LEED Building Development Augurs Well for the Market

GBCI India

Government Initiatives

A Glance at Major Challenges

Singapore

Korea

Hong Kong

B. Market Analytics

9.6 Latin America

A. Market Analysis

Uptrend in Green Building Projects in Latin America

Mexico: A High Growth Regional Market

B. Market Analytics

9.7 Rest of World

A. Market Analysis

The Middle East: Need to Manage Limited Water Resources and Enhance Energy Efficiency Drive Market Demand

Saudi Arabia

United Arab Emirates (UAE)

Qatar

Kuwait

South Africa to Emerge as a Major Green Buildings Market Worldwide

B. Market Analytics

10. COMPANY PROFILES

  • Total Companies Profiled: 145 (including Divisions/Subsidiaries - 160)
  • The United States (107)
  • Canada (9)
  • Japan (2)
  • Europe (29)
    • France (1)
    • Germany (9)
    • The United Kingdom (8)
    • Rest of Europe (11)
  • Asia-Pacific (Excluding Japan) (11)
  • Latin America (2)

For more information about this report visit https://www.researchandmarkets.com/research/bshs4m/global_green?w=5

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DUBLIN, June 20, 2018 /PRNewswire/ --

The "User Activity Monitoring Market by Component, Technology Type (Behavior Analytics, Log Management), Application Area (System, Application, File, Network Monitoring), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

It is expected that the global User Activity Monitoring (UAM) market size to grow from USD 1,071.3 Million in 2018 to USD 3,335.7 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 25.5% during the forecast period.

The growing need for enhanced control over employees and third-party vendors in enterprises, along with the need to meet stringent compliances, has led enterprises of all sizes to adopt UAM solutions for critical information protection. Moreover, cloud-based deployment is gaining high traction in the market, as it requires less capital investment, and helps decrease the operational and maintenance costs, and reduce the management's efforts.

Cloud UAM solutions are available according to customer's demand, wherein a customer can start or stop any service, at will. UAM solutions help organizations optimize the employee productivity, protect sensitive data, applications, and comply with stringent regulations.

UAM solutions include various technologies, such as behavior analytics, log management, auditing and reporting, and others (visual forensics and user activity alerting). The behavior analytics technology is expected to dominate the User Activity Monitoring market and is estimated to have a larger market share in 2018. The auditing and reporting technology is expected to play a key role in changing the UAM market landscape and is expected to grow at the highest CAGR during the forecast period, as global organizations are highly proactive toward improving employee productivity and protecting the sensitive information from insider threats.

The cloud deployment mode is a faster-growing mode in the User Activity Monitoring market, as it benefits organizations with increased scalability, speed, 24/7 services, and enhanced management capabilities. Small and Medium-sized Enterprises (SMEs) continue to opt for the cloud deployment, as the on-demand model can help them to avoid costs pertaining to hardware, software, storage, and technical staff.

Key Topics Covered

1 Introduction

1.1 Objectives Of The Study

1.2 Market Definition

1.3 Market Scope

1.4 Years Considered For The Study

1.5 Currency

1.6 Stakeholders

2 Research Methodology

2.1 Research Data

2.1.1 Secondary Data

2.1.2 Primary Data

2.1.2.1 Breakdown Of Primaries

2.1.2.2 Key Industry Insights

2.2 Market Size Estimation

2.2.1 Bottom-Up Approach

2.2.2 Top-Down Approach

2.3 Research Assumptions And Limitations

2.3.1 Limitations

3 Executive Summary

4 Premium Insights

4.1 Attractive Market Opportunities In The User Activity Monitoring Market

4.2 User Activity Monitoring Market, By Component, 2018-2023

4.3 User Activity Monitoring Market, By Service, 2018-2023

4.4 User Activity Monitoring Market, By Vertical And Region

5 Market Overview And Industry Trends

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Need For Enhanced Control Over Employees And Third-Party Vendors In Enterprises

5.2.1.2 Increasing Need Among Organizations To Optimize The Employee Productivity

5.2.1.3 Lack Of Experts In The Cybersecurity Profession

5.2.1.4 Stringent Regulatory Compliances And Adoption Of The Best Uam Practices

5.2.2 Restraints

5.2.2.1 High Cost Of Innovation For Developing Robust Uam Solutions

5.2.3 Opportunities

5.2.3.1 Integration Of Uam Solutions With Iam And Siem

5.2.4 Challenges

5.2.4.1 Managing The User Privacy

5.3 Functioning Of User Activity Monitoring Tools

5.4 Innovation Spotlight

6 User Activity Monitoring Market, By Component

6.1 Introduction

6.2 Solution

6.3 Services

6.3.1 Managed Services

6.3.2 Professional Services

6.3.2.1 Consulting Services

6.3.2.2 Training And Education

6.3.2.3 Support And Maintenance

7 User Activity Monitoring Market, By Technology Type

7.1 Introduction

7.2 Behavior Analytics

7.3 Log Management

7.4 Auditing And Reporting

7.5 Others

8 User Activity Monitoring Market, By Installation Type

8.1 Introduction

8.2 Proxy-Based

8.3 Agent-Based

9 User Activity Monitoring Market, By Application Area

9.1 Introduction

9.2 System Monitoring

9.3 Application Monitoring

9.4 File Monitoring

9.5 Network Monitoring

9.6 Database Monitoring

10 User Activity Monitoring Market, By Deployment Mode

10.1 Introduction

10.2 Cloud

10.3 On-Premises

11 User Activity Monitoring Market, By Organization Size

11.1 Introduction

11.2 Small And Medium-Sized Enterprises

11.3 Large Enterprises

12 User Activity Monitoring Market, By Vertical

12.1 Introduction

12.2 Government And Defense

12.3 Banking, Financial Services, And Insurance

12.4 It And Telecom

12.5 Healthcare

12.6 Retail

12.7 Manufacturing

12.8 Energy And Utilities

12.9 Others

13 User Activity Monitoring Market, By Region

13.1 Introduction

13.2 North America

13.3 Europe

13.4 Asia Pacific

13.5 Middle East And Africa

13.6 Latin America

14 Competitive Landscape

14.1 Overview

14.2 Market Ranking

14.3 Competitive Scenario

14.3.1 New Product Launches And Product Upgradations

14.3.2 Partnerships, Collaborations, And Agreements

14.3.3 Acquisitions

15 Company Profiles

15.1 Introduction

15.2 Micro Focus

15.3 Splunk

15.4 Rapid7

15.5 Forcepoint

15.6 Digital Guardian

15.7 Solarwinds

15.8 Securonix

15.9 Imperva

15.10 Logrhythm

15.11 Sumo Logic

15.12 Balabit

15.13 Observeit

15.14 Dtex Systems

15.15 Wallix

15.16 Teramind

15.17 Veriato

15.18 Syskit

15.19 Ekran System

15.20 Netfort

15.21 Manageengine

15.22 Cyberark

15.23 Centrify

15.24 Netwrix

15.25 Birch Grove Software

15.26 TSFactory

For more information about this report visit https://www.researchandmarkets.com/research/j7dl98/user_activity?w=5

Media Contact:

Research and Markets

Laura Wood, Senior Manager

This email address is being protected from spambots. You need JavaScript enabled to view it.   

For E.S.T Office Hours Call +1-917-300-0470

For U.S./CAN Toll Free Call +1-800-526-8630

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SOURCE Research and Markets

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SHANGHAI, July 16, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the photovoltaic (PV) industry, today announced that it is ranked 278th on the 2018 Fortune 500 Companies in China and 1st among solar manufacturers.

Fortune China's annual ranking of the top 500 Chinese companies in 2018 reflects the achievements China's largest listed companies have made over the past year. JinkoSolar ranked 330th in 2016 and 284th in 2017.

"We are excited to see our ranking on the Fortune 500 companies in China steadily increase over the past three years," commented Mr. Kangping Chen, CEO of JinkoSolar. "Our ranking on the list demonstrates the rapid growth we have experienced over the past few years and our leading position in the industry. I remain confident in the long-term prospects of the solar industry and our ability to take full advantage of our brand, technology, and global infrastructure to further consolidate our leading position in the industry."

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is a global leader in the solar industry. 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 9 GW for silicon ingots and wafers, 5 GW for solar cells, and 9 GW for solar modules, as of March 31, 2018.

JinkoSolar has over 12,000 employees across its 8 productions facilities globally, 15 oversea subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia and United Arab Emirates, and global sales teams in United Kingdom, Bulgaria, Greece, Romania, Jordan, Saudi Arabia, Egypt, Morocco, Ghana, Kenya, South Africa, Costa Rica, Colombia, Panama 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:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Cision View original content:http://www.prnewswire.com/news-releases/jinkosolar-ranked-among-the-2018-fortune-500-companies-in-china-300681187.html

SOURCE JinkoSolar Holding Co., Ltd.

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SHANGHAI, July 5, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it will supply 86 MW of solar modules for a PV Plant that will be located in the Colombian department of Cesar, northern Colombia.

The project will be composed by 250,000 Jinko Solar Monocrystalline Standard Modules 345Watt - 1500V and will generate an average of 176 GWh of clean energy per year.

"We are pleased to work on this remarkable project in Colombia," commented Mr. Alberto Cuter, General Manager LATAM of JinkoSolar. "Actually the Colombian market is mainly depending by hydro power, which could be an issue during dry season. PV solar will be a good solution to integrate the energy matrix of the country. While we are expecting Colombian PV market to grow rapidly, we will continue working closely with local developers to build sustainable partnerships where they will be able to maximize their return on their investment from the superior performance of JinkoSolar's products."

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is a global leader in the solar industry. 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 9 GW for silicon ingots and wafers, 5 GW for solar cells, and 9 GW for solar modules, as of March 31, 2018.

JinkoSolar has over 12,000 employees across its 8 productions facilities globally, 15 oversea subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia and United Arab Emirates, and global sales teams in United Kingdom, Bulgaria, Greece, Romania, Jordan, Saudi Arabia, Egypt, Morocco, Ghana, Kenya, South Africa, Costa Rica, Colombia, Panama 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:

Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Cision View original content:http://www.prnewswire.com/news-releases/jinkosolar-will-supply-86-mwdc-of-solar-modules-for-the-largest-pv-plant-in-colombia-300676437.html

SOURCE JinkoSolar Holding Co., Ltd.

SHANGHAI, July 2, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the photovoltaic (PV) industry, today announced that JinkoSolar Japan K.K. ("JinkoSolar Japan"), a subsidiary of the Company, has signed a JPY5.3 billion syndicated loan agreement up to two years with a bank consortium led by Sumitomo Mitsui Banking Corporation ("SMBC"). The financing will be used to expand business in Japan and to supplement JinkoSolar Japan's working capital.

"I am glad to have the opportunity to work with SMBC again in increasing our credit line," commented Mr. Charlie Cao, JinkoSolar's Chief Financial Officer. "I believe this loan agreement demonstrates the trust and recognition that first-tier Japanese commercial banks have in our brand and operations in Japan. We look forward to further deepening our relationship with SMBC and other local banks to further expand our business there."

About JinkoSolar Holding Co., Ltd.

JinkoSolar Holding Co., Ltd. (NYSE: JKS) is a global leader in the solar industry. 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, 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 9 GW for silicon ingots and wafers, 5 GW for solar cells, and 9 GW for solar modules, as of March 31, 2018.

JinkoSolar has over 12,000 employees across its eight production facilities globally, 16 overseas subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia, South Africa, and United Arab Emirates, and global sales offices in mainlandChina, Hong Kong, Japan, India, Turkey, Germany, Switzerland, United States, Brazil, Chile, Australia, South Africa, and United Arab Emirates.

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:

Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Mr. Christian Arnell
Christensen
Tel: +86 10 5900 2940
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

In the U.S.:

Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Cision View original content:http://www.prnewswire.com/news-releases/jinkosolar-signs-jpy5-3-billion-syndicated-loan-agreement-with-japanese-bank-consortium-led-by-smbc-300675198.html

SOURCE JinkoSolar Holding Co., Ltd.

SHANGHAI, June 26, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced its unaudited financial results for the first quarter ended March 31, 2018.

First Quarter 2018 Highlights

  • Total solar module shipments were 2,015 megawatts ("MW") (including 209 MW to be used in the Company's overseas downstream solar projects for which no revenue has been recognized), a decrease of 18.8% from 2,481 MW in the fourth quarter of 2017 and a decrease of 2.6% from 2,068 MW in the first quarter of 2017.
  • Total revenues were RMB4.57 billion (US$728.1 million), a decrease of 28.1% from the fourth quarter of 2017 and a decrease of 20.9% from the first quarter of 2017.
  • Gross margin was 14.4%, compared with 11.6% in the fourth quarter of 2017 and 11.2% in the first quarter of 2017.
  • Income from operations was RMB125.0 million (US$19.9 million), compared with RMB91.3 million in the fourth quarter of 2017 and RMB56.8 million in the first quarter of 2017.
  • Net income attributable to the Company's ordinary shareholders was RMB3.6 million (US$0.6 million) in the first quarter of 2018, compared with RMB22.5 million in the fourth quarter of 2017 and RMB60.6 million in the first quarter of 2017.
  • Diluted earnings per American depositary share ("ADS") were RMB0.096(US$0.016).
  • Non-GAAP net income attributable to the Company's ordinary shareholders in the first quarter of 2018 was RMB11.0 million (US$1.7 million), compared with RMB41.5 million in the fourth quarter of 2017 and RMB80.0 million in the first quarter of 2017.
  • Non-GAAP basic and diluted earnings per ADS were RMB0.300(US$0.048) and RMB0.296(US$0.048) in the first quarter of 2018, compared with RMB1.272 and RMB1.232 in the fourth quarter of 2017 and RMB2.536 and RMB2.508 in the first quarter of 2017.

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer commented, "We shipped 2,015MW of solar modules during the quarter and generated total revenues of $728.1 million. Our gross margin increased to 14.4%, compared with 11.6% last quarter as we benefit from the drop in polysilicon prices and the further optimization of our manufacturing costs as a result of continued technological improvement and reduced OEM usage."

"The new policies regulating the solar industry jointly issued by three Chinese ministries on May 31, affected market sentiment and our ASPs. These new policies are aimed at increasing the pace of achieving grid parity, accelerating the removal of outdated capacity and releasing the pressure of new energy fund deficits. As a result, we expect to see a decline in prices across our industrial supply chain which will allow us to further cut both silicon and non-silicon costs during the second half of the year to offset the decline in the ASPs. Despite the strong initial reaction to the new policies, we remain optimistic about the demand of the Chinese market for the full year 2018, which is expected to hit 35G+. Looking into 2019, aside from the Top Runner Program, poverty alleviation and DG projects, we expect to see a large number of grid parity projects under new business models appear in the second of half of 2019."

"We already have great visibility for the full year 2018 with over 80% of our order book already filled, which is mostly made up of overseas orders with fixed prices throughout the year, and we have already received a number of prepayments. Our production capacity is fully utilized now and is expected to remain so during the second half of the year. We believe the Chinese government's new policies to have relatively limited impact on our operations over the short term, and we remain confident in our future business prospects and the long-term growth of the industry overall."

"Overseas orders will account for about 80% of our overall shipments for the entire year demonstrating our expanding global footprint and the success we have seen in reducing our reliance on any single market. Solar is becoming more and more competitive worldwide. We saw resurgent demand in Southern European markets such as Spain, Portugal and Italy, driven by grid-parity business model, as well as booming demand in new emerging markets such as Latin American, the Middle East and North Africa. We expect to see demand in India rebound strongly as module price goes down." 

"While the policy changes in China have created a challenging domestic market environment, our extensive global sales network and geographically dispersed manufacturing facilities allow us remain flexible and be prepared to rapidly adapt to any future policy changes. We are fully prepared for the market consolidation and the new era of grid parity. We will continue to take advantages of our brand, technology, and global infrastructure to expand our market share and further consolidate our leading position in the industry.

First Quarter 2018 Financial Results

Total Revenues

Total revenues in the first quarter of 2018 were RMB4.57 billion (US$728.1 million), a decrease of 28.1% from RMB6.35 billion in the fourth quarter of 2017 and a decrease of 20.9% from RMB5.78 billion in the first quarter of 2017. The sequential decrease was mainly attributable to a decrease in the shipment of solar modules in the first quarter of 2018. The year-over-year decrease was mainly attributable to a decrease in solar module shipments and a decline in the average selling price of solar modules in 2018.

Adoption of New Revenue Standard:

On January 1, 2018, the Company adopted new revenue guidance ASC Topic 606, "Revenue from Contracts with Customers", and applied the modified retrospective method to contracts which were not completed as of January 1, 2018.

No cumulative catch up adjustment of initially applying this standard was recognized at the date of initial application on January 1, 2018.

Adoption of the new standards related to revenue recognition had no impact on the Company's reported results for the current period.

Gross Profit and Gross Margin

Gross profit in the first quarter of 2018 was RMB656.1 million (US$104.6 million), compared with RMB735.3 million in the fourth quarter of 2017 and RMB649.0 million in the first quarter of 2017. The sequential decrease was mainly attributable to a decrease in the shipment of solar modules in the first quarter of 2018. The year-over-year increase was mainly attributable to decreasing solar module cost, which was partially offset by a decrease in solar module shipments in 2018.

Gross margin was 14.4% in the first quarter of 2018, compared with 11.6% in the fourth quarter of 2017 and 11.2% in the first quarter of 2017. The sequential and year-over-year increases were mainly attributable to a decrease in silicon cost in the first quarter of 2018, which was partially offset by a decline in the average selling price of solar modules in the first quarter of 2018.

Income from Operations and Operating Margin

Income from operations in the first quarter of 2018 was RMB125.0 million (US$19.9 million), compared with RMB91.3 million in the fourth quarter of 2017 and RMB56.8 million in the first quarter of 2017. Operating margin in the first quarter of 2018 was 2.7%, compared with 1.4% in the fourth quarter of 2017 and 1.0% in the first quarter of 2017.

Total operating expenses in the first quarter of 2018 were RMB531.1 million (US$84.7 million), a decrease of 17.5% from RMB644.0 million in the fourth quarter of 2017 and a decrease of 10.3% from RMB592.2 million in the first quarter of 2017. The sequential decease was mainly due to a decrease in shipping cost as a result of decreased solar module shipments, and a decrease of bad debt expenses attributable to the reversal of allowance for doubtful accounts upon subsequent collections. The year-over-year decrease was primarily due to a decrease in shipping costs.

Total operating expenses accounted for 11.6% of total revenues in the first quarter of 2018, compared to 10.1% in the fourth quarter of 2017 and 10.3% in the first quarter of 2017.

Interest Expense, Net

Net interest expense in the first quarter of 2018 was RMB85.4 million (US$13.6 million), an increase of 53.8% from RMB55.6 million in the fourth quarter of 2017 and an increase of 49.5% from RMB57.1 million in the first quarter of 2017. The sequential and year-over-year increases were due to interest expense associated with discounted notes receivable and an increase in borrowings.

Exchange Gain / (Loss), Net

The Company recorded a net exchange loss (including change in fair value of forward contracts) of RMB90.8 million (US$14.5 million) in the first quarter of 2018, compared to a net exchange loss of RMB33.9 million in the fourth quarter of 2017 and a net exchange loss of RMB5.2 million in the first quarter of 2017. The sequential and year-over-year losses were primarily due to the continued depreciation of the US dollar against the RMB during the quarter.

Income Tax Expense / (Benefit), Net

The Company recorded an income tax benefit of RMB3.3 million (US$0.5 million) in the first quarter of 2018, compared with an income tax expense of RMB31.1 million in the fourth quarter of 2017 and an income tax expense of RMB1.5 million in the first quarter of 2017. The sequential and year-over-year change was due to one of the Company's PRC subsidiaries receiving a tax deduction certificate in the first quarter of 2018, entitling the subsidiary to income tax deductions for 2017 and 2018.

The Company recorded an out-of-period adjustment of RMB4.6 million (US$0.7 million) in the first quarter of 2018 resulting from income tax benefits for one of its PRC entities, which should have been recorded in 2017. Neither the originating amount in 2017 nor the out-of-period adjustment amount recorded in 2018 was material to the Company's consolidated financial statements for the respective periods.

Net Income and Earnings per Share

Net income attributable to the Company's ordinary shareholders was RMB3.6 million (US$0.6 million) in the first quarter of 2018, compared with RMB22.5 million in the fourth quarter of 2017 and RMB60.6 million in the first quarter of 2017.

Basic and diluted earnings per ordinary share were RMB0.025(US$0.004) and RMB0.024(US$0.004), respectively during the first quarter of 2018. This translates into basic and diluted earnings per ADS of RMB0.100(US$0.016) and RMB0.096(US$0.016), respectively.

Non-GAAP net income in the first quarter of 2018 was RMB11.0 million (US$1.7 million), compared with RMB41.5 million in the fourth quarter of 2017 and RMB80.0 million in the first quarter of 2017.

Non-GAAP basic and diluted earnings per ordinary share were RMB0.075(US$0.012) and RMB0.074(US$0.012), respectively during the first quarter of 2018. This translates into non-GAAP basic and diluted earnings per ADS of RMB0.300(US$0.048) and RMB0.296(US$0.048), respectively.

Financial Position

As of March 31, 2018, the Company had RMB2.86 billion (US$456.6 million) in cash and cash equivalents and restricted cash, compared with RMB2.76 billion as of December 31, 2017.

As of March 31, 2018, the Company's accounts receivables due from third parties were RMB4.18 billion (US$667.0 million), compared with RMB4.50 billion as of December 31, 2017.

As of March 31, 2018, the Company's inventories were RMB4.71 billion (US$750.2 million), compared with RMB4.27 billion as of December 31, 2017.

As of March 31, 2018, the Company's total interest-bearing debts were RMB8.38 billion (US$1.34 billion), compared with RMB7.43 billion as of December 31, 2017.

First Quarter 2018 Operational Highlights

Solar Module Shipments

Total solar module shipments in the first quarter of 2018 were 2,015 MW, including 209 MW to be used in the Company's overseas downstream solar projects.

Solar Products Production Capacity

As of March 31, 2018, the Company's in-house annual silicon wafer, solar cell and solar module production capacity was 9.0 GW, 5.0 GW and 9.0 GW, respectively.

Recent Business Developments

  • In March 2018, JinkoSolar and NextEra Energy announced a supply deal for millions of solar panels and that JinkoSolar will be opening its first U.S. factory in Jacksonville, Florida.
  • In April 2018, JinkoSolar announced that it was named Energy Yield Simulation Winner - Polycrystalline Group at the 4th All Quality Matters Solar Congress hosted by TÜV Rhineland in Wuxi, China.
  • In April 2018, JinkoSolar announced that it supplied solar modules for America's largest solar PV plant in Mexico.
  • In April 2018, JinkoSolar announced that it signed a renewed credit agreement with HSBC (China) Co., Ltd. to increase its credit limit to $47 million from $25 million.
  • In May 2018, JinkoSolar announced that its P-type monocrystalline cell broke the world record again with efficiency hitting 23.95% during certification testing done by the Photovoltaic and Wind Power Systems Quality Test Center at the Chinese Academy of Sciences (CAS).
  • In May 2018, JinkoSolar announced that the 60P version of its P-type PV module peak power broke the world record again with power exceeding 370w and the N-type PV module peak power reaching 378.6w. Both records were certified by the TUV Rheinland (Shanghai) Co., Ltd.
  • In May 2018, JinkoSolar announced that its entire portfolio of PV modules has passed the Potential Induced Degradation ("PID") resistance test under the conditions of 85 Degrees Celsius/85% relative humidity ("double 85") as required by TÜV Nord's IEC TS 62804-1 standards.

Operations and Business Outlook

Second Quarter and Full Year 2018 Guidance

For the second quarter of 2018, the Company estimates total solar module shipments to be in the range of 2.4 GW to 2.5 GW.

For the full year 2018, the Company estimates total solar module shipments to be in the range of 11.5 GW to 12 GW.

Conference Call Information

JinkoSolar's management will host an earnings conference call on Tuesday, June 26, 2018 at 8:00 a.m. U.S. Eastern Time (8:00 p.m.Beijing / Hong Kong the same day).

Dial-in details for the earnings conference call are as follows:

Hong Kong / International:

+852 3027 6500


U.S. Toll Free:

+1 855-824-5644


Passcode:

69300204#





Please dial in 10 minutes before the call is scheduled to begin and provide the passcode to join the call.

A telephone replay of the call will be available 2 hours after the conclusion of the conference call through 23:59 U.S. Eastern Time, July 3, 2018. The dial-in details for the replay are as follows:

International:

+61 2 8325 2405


U.S.:

+1 646 982 0473


Passcode:

319292198#





Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of JinkoSolar's website at www.jinkosolar.com.

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is a global leader in the solar industry. 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, 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 9.0 GW for silicon wafers, 5.0 GW for solar cells, and 9.0 GW for solar modules, as of March 31, 2018.

JinkoSolar has over 12,000 employees across its 8 productions facilities globally, 16 oversea subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia, South Africa and United Arab Emirates, and global sales offices in China, Hong Kong, Japan, India, Turkey, Germany, Switzerland, United States, Brazil, Chile, Australia, South Africa and United Arab Emirates.

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

Use of Non-GAAP Financial Measures

To supplement its consolidated financial results presented in accordance with United States Generally Accepted Accounting Principles ("GAAP"), JinkoSolar uses certain non-GAAP financial measures including, non-GAAP net income, non-GAAP earnings per Share, and non-GAAP earnings per ADS, which are adjusted from the comparable GAAP results to exclude certain expenses or incremental ordinary shares relating to share-based compensation, convertible senior notes and capped call options:

  • Non-GAAP net income is adjusted to exclude the expenses relating to interest expenses of convertible senior notes, exchange gain on the convertible senior notes, and stock-based compensation; given these Non-GAAP net income adjustments above are either related to the Company or its subsidiaries incorporated in Cayman Islands, which are not subject to tax exposures, or related to those subsidiaries with tax loss positions which result in no tax impacts, therefore no tax adjustment is needed in conjunction with these Non-GAAP net income adjustments; and
  • Non-GAAP earnings per Share and non-GAAP earnings per ADS are adjusted to exclude interest expenses of convertible senior notes and exchange gain on the convertible senior notes, and stock-based compensation.

The Company believes that the use of non-GAAP information is useful for analysts and investors to evaluate JinkoSolar's current and future performances based on a more meaningful comparison of net income and diluted net income per ADS when compared with its peers and historical results from prior periods. These measures are not intended to represent or substitute numbers as measured under GAAP. The submission of non-GAAP numbers is voluntary and should be reviewed together with GAAP results.

Currency Convenience Translation

The conversion of Renminbi into U.S. dollars in this release, made solely for the convenience of the readers, is based on the noon buying rate in the city of New York for cable transfers of Renminbi as certified for customs purposes by the Federal Reserve Bank of New York as of March 30, 2018, which was RMB6.2726 to US$1.00. No representation is intended to imply that the Renminbi amounts could have been, or could be, converted, realized, or settled into U.S. dollars at that rate or any other rate. The percentages stated in this press release are calculated based on Renminbi.

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:
Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Christian Arnell
Christensen
Tel: +86-10-5900-2940
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

In the U.S.:
Ms. Linda Bergkamp
Christensen
Tel: +1-480-614-3004
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

JINKOSOLAR HOLDING CO., LTD. 

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except ADS and Share data)


For the quarter ended


March 31, 2017


December 31, 2017


March 31, 2018


RMB


RMB


RMB


USD

 Revenues from third parties 

5,753,080


5,171,540


3,671,345


585,299









 Revenues from related parties 

23,724


1,181,100


895,491


142,762









 Total revenues 

5,776,804


6,352,640


4,566,836


728,061









 Cost of revenues 

(5,127,779)


(5,617,326)


(3,910,775)


(623,469)









 Gross profit 

649,025


735,314


656,061


104,592









 Operating expenses: 








   Selling and marketing 

(413,812)


(446,956)


(313,897)


(50,044)

   General and administrative 

(115,950)


(113,744)


(130,831)


(20,857)

   Research and development 

(62,486)


(83,271)


(86,382)


(13,771)

 Total operating expenses 

(592,248)


(643,971)


(531,110)


(84,672)









 Income from operations 

56,777


91,343


124,951


19,920

 Interest expenses, net 

(57,121)


(55,551)


(85,411)


(13,617)

 Change in fair value of derivative liability 

376


3,333


21,104


3,364

 Subsidy income 

55,192


29,533


36,581


5,833

 Exchange loss 

(6,339)


(31,827)


(91,413)


(14,573)

 Change in fair value of forward contracts 

1,105


(2,031)


585


93

 Other income, net 

11,943


20,823


8,678


1,383

 Gain/(loss) on disposal of subsidiaries 

-


257


(9,425)


(1,503)

 Income before income taxes

61,933


55,880


5,650


900

 Income tax (expense)/benefit 

(1,528)


(31,095)


3,293


525

 Equity in income of affiliated companies 

-


(1,424)


(5,240)


(835)

 Net income 

60,405


23,361


3,703


590

 Less: Net (loss)/income attributable to non-controlling
          interests 

(169)


889


107


17

 Net income attributable to JinkoSolar
 Holding Co., Ltd.'s ordinary shareholders 

60,574


22,472


3,596


573









 Net income attributable to JinkoSolar Holding Co., Ltd.'s
 ordinary shareholders per share: 








   Basic 

0.478


0.172


0.025


0.004

   Diluted 

0.473


0.167


0.024


0.004









 Net income attributable to JinkoSolar Holding Co., Ltd.'s
   ordinary shareholders per ADS: 








   Basic 

1.912


0.688


0.100


0.016

   Diluted 

1.892


0.668


0.096


0.016









 Weighted average ordinary shares outstanding: 








   Basic 

126,820,607


130,432,074


145,540,445


145,540,445

   Diluted 

128,179,515


134,572,596


147,793,780


147,793,780









 Weighted average ADS outstanding: 








   Basic 

31,705,152


32,608,019


36,385,111


36,385,111

   Diluted 

32,044,879


33,643,149


36,948,445


36,948,445









UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME









 Net income 

60,405


23,361


3,703


590

 Other comprehensive income: 








   -Foreign currency translation adjustments 

(17,563)


(16,308)


(33,351)


(5,318)

 Comprehensive income/(loss) 

42,842


7,053


(29,648)


(4,728)

 Less: Comprehensive (loss)/income attributable to non-
controlling interests 

(169)


889


107


17

 Comprehensive income/(loss) attributable to JinkoSolar
Holding Co., Ltd.'s ordinary shareholders 

43,011


6,164


(29,755)


(4,745)

























 Reconciliation of GAAP and non-GAAP Results 















 1. Non-GAAP earnings per share and non-GAAP
earnings per ADS 
















 GAAP net income attributable to ordinary shareholders
from continuing operations 

60,574


22,472


3,596


573









 4% of interest expense of convertible senior notes 

1,555


1


1


-









 Exchange loss/(gain) on convertible senior notes and
capped call options 

844


(1)


(2)


-









 Stock-based compensation expense 

17,402


19,000


7,376


1,176









 Non-GAAP net income attributable to ordinary
shareholders from continuing operations 

80,375


41,472


10,971


1,749









 Non-GAAP earnings per share attributable to ordinary
shareholders - 








   Basic 

0.634


0.318


0.075


0.012

   Diluted 

0.627


0.308


0.074


0.012









 Non-GAAP earnings per ADS attributable to ordinary
shareholders - 








   Basic 

2.536


1.272


0.300


0.048

   Diluted 

2.508


1.232


0.296


0.048









 Non-GAAP weighted average ordinary shares
outstanding  








   Basic 

126,820,607


130,432,074


145,540,445


145,540,445

   Diluted 

128,179,515


134,572,596


147,793,780


147,793,780









 Non-GAAP weighted average ADS outstanding  








   Basic 

31,705,152


32,608,019


36,385,111


36,385,111

   Diluted 

32,044,879


33,643,149


36,948,445


36,948,445

JINKOSOLAR HOLDING CO., LTD. 

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)


December 31, 2017


Mar 31, 2018


RMB


RMB


USD

ASSETS






Current assets:






  Cash and cash equivalents

1,928,303


2,577,559


410,924

  Restricted cash 

833,072


286,608


45,692

  Restricted short-term investments

3,237,773


2,845,129


453,580

  Short-term investments

2,685


27,778


4,428

  Accounts receivable, net - related parties

2,113,042


2,415,119


385,027

  Accounts receivable, net - third parties

4,497,635


4,183,543


666,955

  Notes receivable, net - third parties

571,232


240,637


38,363

  Advances to suppliers, net - third parties

397,076


496,504


79,154

  Inventories, net

4,273,730


4,705,744


750,206

  Other receivables - related parties

46,592


57,970


9,242

  Prepayments and other current assets

1,706,717


1,689,163


269,294

Total current assets

19,607,857


19,525,754


3,112,865







Non-current assets:






  Restricted cash

248,672


393,512


62,735

  Project Assets

473,731


770,922


122,903

  Long-term investments

22,322


22,406


3,572

  Property, plant and equipment, net

6,680,187


6,815,857


1,086,608

  Land use rights, net

443,269


529,303


84,383

  Intangible assets, net

25,743


25,125


4,006

  Deferred tax assets 

275,372


264,102


42,104

  Other assets - related parties

146,026


127,890


20,389

  Other assets - third parties

713,226


888,203


141,600

Total non-current assets

9,028,548


9,837,320


1,568,300







Total assets

28,636,405


29,363,074


4,681,165







LIABILITIES






Current liabilities:






  Accounts payable - related parties

5,329


41,987


6,694

  Accounts payable - third parties

4,658,202


4,182,402


666,773

  Notes payable - third parties

5,672,497


4,635,148


738,952

  Accrued payroll and welfare expenses

721,380


673,652


107,396

  Advances from related parties

37,400


37,345


5,954

  Advances from third parties

748,959


1,360,347


216,871

  Income tax payable

27,780


16,808


2,680

  Other payables and accruals

1,804,799


1,914,566


305,227

  Other payables due to related parties

12,333


13,088


2,087

  Forward contract payables

4,521


-


-

  Derivative liability

26,486


5,383


858

  Bond payable and accrued interests

10,257


15,784


2,516

  Short-term borrowings from third parties,
     including current portion of long-term bank
     borrowings

6,204,440


6,847,607


1,091,670

  Guarantee liabilities to related parties

28,034


33,422


5,328

Total current liabilities

19,962,417


19,777,539


3,153,006







Non-current liabilities:






  Long-term borrowings

379,789


707,130


112,733

  Accrued income tax - non current

6,041


6,041


963

  Long-term payables

538,410


506,359


80,726

  Bond payables

298,425


298,688


47,618

  Accrued warranty costs - non current

571,718


557,204


88,831

  Convertible senior notes

65


63


10

  Deferred tax liability

70,122


63,783


10,169

  Long-term liabilities of equtiy investment

-


5,021


800

  Guarantee liabilities to related parties 
   - non current

120,154


106,931


17,047

Total non-current liabilities

1,984,724


2,251,220


358,897







Total liabilities

21,947,141


22,028,759


3,511,903







SHAREHOLDERS' EQUITY






Ordinary shares (US$0.00002 par value,
500,000,000 shares authorized, 132,146,074
and 156,457,441 shares issued and
outstanding as of  December 31, 2017 and
March 31, 2018, respectively)

19

 


22

 


3

 

Additional paid-in capital

3,313,608


3,988,304


635,829

Statutory reserves

516,886


516,886


82,404

Accumulated other comprehensive income

23,296


(10,055)


(1,603)

Treasury stock, at cost; 1,723,200 ordinary
shares as of December 31, 2017 and March
31, 2018

(13,876)


(13,876)


(2,212)

Accumulated retained earnings

2,849,341


2,852,937


454,826







Total JinkoSolar Holding Co., Ltd.
shareholders' equity

6,689,274


7,334,218


1,169,247







Non-controlling interests

(10)


97


15







Total liabilities and shareholders' equity

28,636,405


29,363,074


4,681,165

Cision View original content:http://www.prnewswire.com/news-releases/jinkosolar-announces-first-quarter-2018-financial-results-300672171.html

SOURCE JinkoSolar Holding Co., Ltd.

Print
| Source: Scatec Solar

Oslo, July 20, 2018: Scatec Solar ASA reported second quarter proportionate revenues of NOK 1,299 million (NOK 167 million in second quarter 2017), and EBITDA reached NOK 266 million (100).

The increase in proportionate revenues and EBITDA is reflecting a significant step up in construction activities compared to last year. Construction continues for 1.1 GW of solar power plants in Malaysia, Brazil, Honduras, Mozambique and construction activities have just commenced in Egypt and South Africa. The high level of activity lead to D&C revenues of NOK 1,045 million (0) and EBITDA of NOK 140 million (-18) in the quarter. Gross NOK 600 million of equity was raised in June to fund further growth of the company.

"We are very pleased to report significant increase in construction activities and solid financial results in the quarter. We have secured 117 MW in Argentina and 130 MW in Ukraine in the quarter and total project backlog and pipeline increased to 4.5 GW. We continue to see attractive market opportunities with a target of reaching a capacity of 3.5 GW by end of 2021", says CEO Raymond Carlsen.

Scatec Solar's second quarter consolidated revenues reached NOK 286 million (279), and EBITDA reached NOK 212 million (217).

For further details, please see attached the second quarter report and presentation.

A presentation of the results will be held today at 08.00 (CET) at Høyres Hus, Stortingsgata 20, 0161 Oslo. The presentation and Q&A session can also be followed through a live webcast from our website www.scatecsolar.com/investor.

For further information, please contact:

Mr. Raymond Carlsen, CEO,          tel: +47 454 11 280           This email address is being protected from spambots. You need JavaScript enabled to view it.

Mr. Mikkel Tørud, CFO,                  tel: +47 976 99 144           This email address is being protected from spambots. You need JavaScript enabled to view it.

 
About Scatec Solar

Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable clean energy worldwide. A long- term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants and has an installation track record of 1,000 MW. The company is producing electricity from 322 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras and Jordan and has 1,092 MW under construction.

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

Print
| Source: Statkraft AS

multilang-release

Higher power prices and lower generation

(Oslo, 19 July 2018) Statkraft recorded an underlying EBIT amounting to NOK 1428 million in the second quarter. This was a decrease of NOK 621 million from the corresponding period in 2017. The reduction was driven by unrealised effects in Market operations stemming partly from changed valuation methodology. Significantly lower Norwegian hydropower generation was offset by substantially higher Nordic power prices. The quarterly net profit ended at NOK 271 million.

The average Nordic system price in the quarter was 39.1 EUR/MWh, an increase of 42 per cent compared with the price level experienced in the same quarter in 2017. Statkraft's total generation was 11.5 TWh, a decrease of 22 per cent.  

In total for the first half year of 2018 Statkraft achieved an underlying EBIT of NOK 7390 million, an increase of NOK 1351 million compared with the same period in 2017. The main drivers for the improvement were significantly higher Nordic power prices and successful energy management.

- We have strong performance year to date with a net profit of NOK 10.5 billion. This contributes to providing a solid  financial position as we now plan to ramp up investments in renewables, says CEO Christian Rynning-Tønnesen. 

Statkraft has updated the strategy in response to technological development in each market. Flexible hydropower and intermittent onshore wind and solar power will be combined to deliver reliable, renewable and cost competitive energy to the customers. The updated strategy has four pillars: 

  • Optimise the hydropower portfolio
  • Ramp up as wind and solar developer
  • Grow the customer business
  • Develop new business within decarbonisation and renewable energy

- The strategy will ensure that Statkraft remains a leading company at the core of the renewable energy transition. Our commitment to act in an ethical and socially responsible manner continues to be a foundation for all activities, says Rynning-Tønnesen.

Statkraft wants to contribute to a good industrial development of its partly owned regional Norwegian companies. In order to facilitate BKK to use its own shares in acquisitions, Statkraft has sold
1.7 per cent of the shares in BKK. Statkraft has also agreed to sell its shareholding of 49 per cent in Istad to Tussa Kraft, subject to receiving the necessary concessions.

For further information, please contact:

Debt Capital Markets:
Funding manager Stephan Skaane, tel: +47 905 13 652, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Senior Financial Advisor Arild Ratikainen, tel: +47 971 74 132, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Media:
Press spokesperson Lars Magnus Günther, tel: +47 912 41 636, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

or www.statkraft.com

Statkraft is a leading company in hydropower internationally and Europe's largest generator of renewable energy. The Group produces hydropower, wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has 3500 employees in 16 countries.


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

Abstract

Water, energy, and agriculture have been conventionally dealt with separately in investment planning. For each of these sectors, regulatory frameworks, organizations, and infrastructures have been put in place to address sector-specific challenges and... See More + Water, energy, and agriculture have been conventionally dealt with separately in investment planning. For each of these sectors, regulatory frameworks, organizations, and infrastructures have been put in place to address sector-specific challenges and demands. As the Middle East and North Africa works towards building a more sustainable future, a nexus approach that considers the risks and synergies among these sectors is needed. To demonstrate the added value of a nexus approach, this report applies scenario analysis and integrated assessment modelling of the water-energy-food nexus to the Middle East and North Africa. The analysis finds that water scarcity increases in all countries in the region over the coming decades, mostly due to growing demands. More importantly, the analysis finds that many countries in the region could run out of fossil groundwater by 2050 unless measures to curb unsustainable abstraction are implemented. The impacts of growing scarcity on agriculture are significant, with production projected to drop by 60 percent by 2050 in some countries. On the upside, reducing the dependence of the agricultural and energy sectors on water and transitioning to renewable energies can reduce water scarcity, at the same time reducing greenhouse gas emissions.  See Less -

Abstract

Water, energy, and agriculture have been conventionally dealt with separately in investment planning. For each of these sectors, regulatory frameworks, organizations, and infrastructures have been put in place to address sector-specific challenges and... See More + Water, energy, and agriculture have been conventionally dealt with separately in investment planning. For each of these sectors, regulatory frameworks, organizations, and infrastructures have been put in place to address sector-specific challenges and demands. As the Middle East and North Africa works towards building a more sustainable future, a nexus approach that considers the risks and synergies among these sectors is needed. To demonstrate the added value of a nexus approach, this report applies scenario analysis and integrated assessment modelling of the water-energy-food nexus to the Middle East and North Africa. The analysis finds that water scarcity increases in all countries in the region over the coming decades, mostly due to growing demands. More importantly, the analysis finds that many countries in the region could run out of fossil groundwater by 2050 unless measures to curb unsustainable abstraction are implemented. The impacts of growing scarcity on agriculture are significant, with production projected to drop by 60 percent by 2050 in some countries. On the upside, reducing the dependence of the agricultural and energy sectors on water and transitioning to renewable energies can reduce water scarcity, at the same time reducing greenhouse gas emissions.  See Less -

Print
| Source: JA Solar Holdings Co., Ltd.

BEIJING, July 17, 2018 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (NASDAQ:JASO) ("JA Solar" or the "Company"), one of the world’s largest manufacturers of high-performance solar power products, today announced the completion of its merger (the "merger") with JASO Acquisition Limited ("Merger Sub"), a wholly-owned subsidiary of JASO Parent Limited ("Parent"), a wholly-owned subsidiary of JASO Holdings Limited ("Holdco"), pursuant to the agreement and plan of merger (the "merger agreement") dated November 17, 2017 by and among Holdco, Parent, Merger Sub and the Company. As a result of the merger, the Company ceased to be a publicly traded company and became a wholly-owned subsidiary of Parent.

Under the terms of the merger agreement, each of the Company's ordinary shares (each a "Share" and collectively, the "Shares") issued and outstanding immediately prior to the effective time of the merger, has been cancelled in exchange for the right to receive $1.51 in cash per Share without interest, and each of the Company's American depositary shares, each representing 5 Shares (each an "ADS" and collectively, the "ADSs") issued and outstanding immediately prior to the effective time of the merger, has been cancelled in exchange for the right to receive US$7.55 in cash per ADS without interest, other than (a) certain Shares (including Shares represented by ADSs) owned by Jinglong Group Co., Ltd. (“Jinglong”), Chin Tien HUANG, Chi Fung WONG and Pak Wai WONG, which will be rolled over in the transaction, cancelled and cease to exist without any conversion thereof or consideration paid therefor, and (b) Shares held by shareholders who have validly exercised and not effectively withdrawn or lost their rights to dissent from the merger pursuant to Section 238 of the Companies Law of the Cayman Islands (the “Dissenting Shares”, the corresponding shareholders, "Dissenting Shareholders"), which will be cancelled and cease to exist in exchange for the right to receive the payment of fair value of the Dissenting Shares in accordance with Section 238 of the Companies Law of the Cayman Islands. However, if a Dissenting Shareholder does not serve such notice of dissent, such Dissenting Shareholder is entitled to receive the Per Share Merger Consideration.

Each registered shareholder as of the effective time of the merger who is entitled to the merger consideration will receive a letter of transmittal and instructions from the paying agent on how to surrender their share certificates (or affidavits and indemnities of loss in lieu of the share certificates) or non-certificated shares represented by book entry in exchange for the merger consideration. Registered shareholders should wait to receive the letters of transmittal before surrendering their share certificates. Each Dissenting Shareholders as of the effective time of the merger will receive a letter of transmittal and instruction at relevant time promptly after such shareholder has effectively withdrawn or lost his, her, or its appraisal rights under the Companies Law of the Cayman Islands. Each registered shareholder will receive in exchange of the shares or ADSs surrendered a check in an amount equal to the merger consideration to which such holder is entitled. Merger consideration is not payable to untraceable shareholders unless such shareholders properly notify the paying agent or the depositary of their current contact details prior to the effective time.

The Company also announced today that it has requested that trading of its ADSs on The Nasdaq Stock Market (the "NASDAQ") be suspended as of July 17, 2018 (New York time). The Company requested NASDAQ to file a notification on Form 25 with the Securities and Exchange Commission (the "SEC") to delist the Company's ADSs on the NASDAQ and deregister the Company's registered securities. The deregistration will become effective in 90 days after the filing of Form 25 or such shorter period as may be determined by the SEC. The Company intends to suspend its reporting obligations under the Securities Exchange Act of 1934, as amended, by filing a Form 15 with the SEC. The Company's obligations to file with the SEC certain reports and forms, including Form 20-F and Form 6-K, will be suspended immediately as of the filing date of the Form 15 and will terminate once the deregistration becomes effective.

In connection with the merger, Houlihan Lokey is serving as the financial advisor to the special committee of the board of directors of the Company (the "Special Committee"). Gibson, Dunn & Crutcher LLP is serving as the U.S. legal counsel to the Special Committee.

Skadden, Arps, Slate, Meagher & Flom LLP is serving as U.S. legal counsel to the investor consortium.

In connection with the loan facility with which the investor consortium funded the merger, CSI Finance Limited and Credit Suisse AG, Singapore Branch are acting as mandated lead arrangers and underwriters for the Buyer Group’s loan facility. Allen & Overy is serving as legal counsel to the mandated lead arrangers and underwriters.

About JA Solar Holdings Co., Ltd.
JA Solar Holdings Co., Ltd. is a leading manufacturer of high-performance solar power products that convert sunlight into electricity for residential, commercial, and utility-scale power generation. The Company is one of the world’s largest producers of solar power products. Its standard and high-efficiency product offerings are among the most powerful and cost-effective in the industry. The Company distributes products under its own brand and also produces on behalf of its clients. The Company shipped 7.6 GW of solar power products in 2017. JA Solar is headquartered in Beijing, China, and maintains production facilities in Shanghai, Hebei, Jiangsu, Inner Mongolia and Anhui provinces in China, as well as Penang, Malaysia and Bac Giang, Vietnam.

Safe Harbor and Informational Statements
This press release contains 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 "if," "will," "expected," and similar statements. Forward-looking statements involve inherent risks, uncertainties and assumptions. Further information regarding these and other risks is included in the Company's filings with the SEC. These forward-looking statements reflect the Company's expectations as of the date of this press release. You should not rely upon these forward-looking statements as predictions of future events. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please visit www.jasolar.com.

Contact:
The Blueshirt Group
Ralph Fong
Phone: +1 (415) 489-2195
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

JA Solar Holdings Co., Ltd.

Abstract

The aim of this report and toolkit is to provide analysis of and options for the tax treatment of OITs. To these ends, it addresses several questions: (i) What considerations arise in deciding whether or not such transfers should be taxed in the country... See More + The aim of this report and toolkit is to provide analysis of and options for the tax treatment of OITs. To these ends, it addresses several questions: (i) What considerations arise in deciding whether or not such transfers should be taxed in the country in which the underlying asset is located? (ii) To which types of assets do these considerations suggest that any such taxation should apply? (iii) How can such taxation, if adopted, best be designed and implemented as a practical, legal matter? This report and toolkit does not purport to provide binding rules or authoritative provisions of any kind nor does it aim to establish an international policy standard of any kind. Rather, it is intended to describe an international taxation issue of particular concern to developing countries, and to provide practicable guidance to them on options for how to address that issue, should they choose to do so. As such, the report represents the analysis and conclusions of the tax staffs of the four partner organizations, and does not represent the official views of the organizations’ member countries or Management.  See Less -

Document also available in : French, English

The company had reported a consolidated net profit of Rs 230.85 crore in the quarter ended on June 30, 2017, a BSE filing said.
(Reuters)

Reliance Power today posted about three per cent increase in its consolidated net profit at Rs 237.33 crore in the quarter ended on June 30, 2018.

The company had reported a consolidated net profit of Rs 230.85 crore in the quarter ended on June 30, 2017, a BSE filing said.

According to the filing, total income of the company declined to Rs 2,370.55 crore in the first quarter of this fiscal from Rs 2,752.32 crore a year ago.

The company said that its 3,960 MW Sasan ultra mega power project (UMPP) in Madhya Pradesh operated at PLF (plant load factor or capacity utilisation) of 98.2 per cent, the highest ever quarterly station PLF achieved since commercial operation date (COD).

It also said that Sasan project’s PLF continues to be the highest among all 1,000 MW plus thermal plants in the country for two consecutive quarters.

Its 1,200 MW Rosa power plant in Uttar Pradesh operated at PLF of 63 per cent while the 600 MW Butibori power plant in Maharashtra operated at PLF of 45 per cent.

The 40 MW Dhursar Solar PV plant in Rajasthan is operated at PLF of 21 per cent, whereas the 45 MW Wind capacity in Vashpet, Maharashtra, is operated at PLF of 18 per cent.

The 100 MW concentrated solar power (CSP) project in Dhursar, Rajasthan, generated 31 million units, it added.

Himachal Pradesh CM Jai Ram Thakur (Express Photo)

Himachal Pradesh State Electricity Board Limited (HPSEBL) will purchase power produced by small power projects of up to 25 MW capacity in order to help the producers and attract more investment in energy sector, Chief Minister Jai Ram Thakur said today. The chief minister was speaking while presiding over a seminar on ‘Speedy Development of Hydro Electric Projects in Himachal Pradesh’.

The event was organised by Bonafide Himachalis Hydro Power Developers and Himalaya Power Producers Association in collaboration with Union Ministry of New and Renewable Energy. Thakur said the state has identified potential of over 27,000 MW, which once fully harnessed have the potential to transform the economy of Himachal Pradesh. Till date only 10,547 MW potential stands harnessed.
The state government has set a target to harness about 182 MW potential during the current year by active participation of private and public sectors, for which it was providing several incentives to the power producers.

He also said the power producers will be independent to sell the electricity generated by them to other interested buyers and a committee will be constituted under the chairmanship of Power Minister to look into the issues raised by the power producers of the state. The CM also indicated that efforts will be made to simplify procedures for giving clearances for setting up of power projects.

Thakur said the state government already deferred the royalty at the rate of 12 per cent for the first 12 years for upcoming projects, which will immensely benefit the power producers. Bonafide Himachalis Hydro Developers and Himalaya Power Producers Association presented a cheque of Rs 11 lakh to the chief minister towards Chief Minister’s Relief Fund on the occasion.

MPP and Power Minister Anil Sharma said power and tourism sector has immense potential for making the state economically self-sufficient and providing employment opportunities to the youth.

Reliance Power today posted about three percent increase in its consolidated net profit at Rs...

Bajaj Electricals today said it expects the B2B segment to account for a larger chunk of overall...

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