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ET | Source: Statkraft AS

multilang-release

Strong quarterly result

(Oslo, 26 April 2018) The first quarter result was characterised by solid operations and gains from the divestment of offshore wind and listing of the retail company Fjordkraft. Underlying EBIT amounted to NOK 5962 million in the first quarter, an increase of NOK 1972 million from the corresponding period in 2017. The quarterly net profit ended at NOK 10 282 million.

The average Nordic system price in the quarter was 38.6 EUR/MWh, an increase of 24 per cent compared with the price level experienced in the same quarter in 2017. Statkraft's total generation was record high in the first quarter and ended at 21.0 TWh, an increase of 23 per cent.

Statkraft divested its 30 per cent shareholding in the Dudgeon offshore wind farm with a gain of NOK 5106 million. Statkraft has now completed the exit from offshore wind in line with the strategy. Overall, the divestments from offshore wind have demonstrated high value creation and strengthened the financial solidity.

- We are pleased with a very strong quarterly result, stemming from successful energy management and large gains from divestments. The offshore wind portfolio has overall been one of the most profitable investments in Statkraft's history with accumulated gains amounting to NOK 8.7 billion from sale of assets. The exit from offshore wind provides a solid financial foundation for new renewable energy investments, says CEO Christian Rynning-Tønnesen. 

The listing of Fjordkraft on Oslo Stock Exchange 21 March led to a gain amounting to NOK 1670 million.

Statkraft has entered into an 18 year power contract with Hydro Energi and a 13 year power contract with Finnfjord in Norway. These contracts reaffirm Statkraft's position as a competitive supplier to the industry.

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 Knut Fjerdingstad, tel: +47 901 86 310, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
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 3400 employees in 16 countries.

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

Read more: Statkraft AS: Result for the first quarter 2018

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ET | Source: Albioma

multilang-release

Albioma is to build 51 photovoltaic power plants on the roofs of apartment buildings operated by Société Anonyme d'Habitations à Loyer Modéré de la Réunion (SHLMR) in towns throughout Reunion Island. Construction work will begin during the second half of 2019, with all facilities in operation by late 2019, delivering a combined capacity of 4.8 MWp.

 

After conducting an in-depth study of the rooftops on all apartment buildings managed by the housing association SHLMR, Albioma selected a total of 51 sites. Requests for connections to the network operated by the distribution utility EDF, on the basis of the regulatory feed-in tariffs applicable in May 2017, have either already been submitted or will be by June 2018.

Currently, this comprehensive partnership concerns an installed capacity of 4.8 MWp, representing a total annual output of 6.9 GWh, equivalent to the annual electricity consumption of 2,320 Reunion households. The new facilities will enable 5,520 tonnes of carbon dioxide emissions to be avoided annually.

Olivier Bajard, Chief Executive Officer of SHLMR comments:

"As well as producing electricity, this project aims to enhance the lives of SHLMR tenants, as all profits generated by the power plants will be reinvested in cleaning and maintaining the host buildings."

The photovoltaic installations will also make homes more comfortable in hot weather by significantly reducing the amount of direct sunlight striking rooftops. Through this partnership, SHLMR is making its contribution to "green" power on Reunion Island, but is also going further. SHMLR is fully committed to sustainable development on the island, backing projects for a BEPOS positive-energy building, resource libraries, shared gardens, etc.

Frédéric Moyne, Chief Executive Officer of Albioma, said:

 

"We are very proud to be supporting SHLMR with this ambitious project. This partnership highlights Albioma's commitment to the energy transition, benefiting residents and their communities, and consolidating our position as the leading solar power generator in Overseas France."

About Albioma

An independent responsible energy producer, Albioma is committed to the energy transition thanks to biomass and photovoltaics. 

The Group, which is established in Overseas France, Mauritius and Brazil, has developed a unique partnership for 20 years with the sugar industry, to produce renewable energy from bagasse, a fibrous residue from sugar cane.

Albioma is also the leading generator of photovoltaic power overseas where it constructs and operates innovative projects with integrated storage capabilities.

For further information, please visit www.albioma.com

Investor contact

Julien Gauthier
+33 (0)1 47 76 67 00

Media contact

Charlotte Neuvy
+33 (0)1 47 76 66 65
This email address is being protected from spambots. You need JavaScript enabled to view it.

Albioma shares are listed on Euronext Paris (sub B) and eligible for the deferred settlement service (SRD) and PEA-PME plans.

ISIN FR0000060402 - Ticker: ABIO

Read more: ALBIOMA : Albioma and SHLMR agree a strategic...

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ET | Source: Scatec Solar

Oslo, April 20, 2018: Scatec Solar ASA reported first quarter proportionate revenues of NOK 573 million (NOK 144 million in first quarter 2017), and EBITDA reached NOK 109 million (87).

The increase in proportionate revenues and EBITDA is driven by higher Development & Construction (D&C) activities compared to last year. Construction continues in Malaysia, Brazil and Honduras and construction has just commenced in Mozambique. This high level of activity lead to D&C revenues of NOK 417 million (0) and EBITDA of NOK 15 million (-15) in the quarter.

Scatec Solar's first quarter consolidated revenues reached NOK 289 million (276), and EBITDA reached NOK 212 million (222).

Financial close was reached for 40 MW in Mozambique in March and 258 MW in South Africa in April 2018. Development & Construction revenues are set to increase significantly over the coming quarters with contract awards of NOK 8.5 billion to realize 1.1 GW of new solar power plants.

"We are pleased to confirm that we are reaching our 2018 growth target. In addition we have added 150 MW in Ukraine and 25 MW in Cameroon to our project pipeline. With 3.6 GW of project pipeline and opportunities, Scatec Solar has a solid basis for growth beyond 2018", says CEO Raymond Carlsen.

For further details, please see attached the first 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 1000 MW.

The company is producing electricity from 322 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras and Jordan and another 1,183 MW are under construction and in backlog.

With an established global presence, the company has project pipeline and opportunities of 3.6 GW under development in the Americas, Africa, Asia and the Middle East. 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

Read more: First quarter 2018 results - delivering on the...



Abstract

IEG’s evaluation on pollution and the World Bank Group commissioned a review of theempirical literature on pollution co-benefits from climate change mitigationinterventions, emphasizing air pollution benefits. Such pollution is defined usingparameters such as sulfur dioxide (SO2), oxides of nitrogen, and particulate matter for airemissions, and total suspended solids for water releases. The review used a multistageidentification technique based on 40 keyword strings in Google Scholar, web of science,and Scopus to identify a universe of peer-reviewed articles. Papers were included only ifthey focused on developing countries. Additional papers were identified iterativelybased on references from the initial papers. The final papers cited were based on expertjudgment, with emphasis for studies published after 2010. A systematic search wasconducted to locate relevant review articles and meta-analyses; no formal systematicreviews were found. Google was also used to identify non-peer-reviewed studies fromreputable sources, such as the International Energy Agency, U.S. EnvironmentalProtection Agency, and World Bank.The paper lays out the methods and models used in calculating pollution co-benefits, and then presents sector-by-sector results for energy, buildings, industry, transportation,solid and liquid waste management, agriculture, forests/other land use, and multiplesector studies.
 
 
Read more: Local and regional pollution...

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ET | Source: Albioma

multilang-release

Excellent availability of thermal installations in France

Revenue up 6%

 

The excellent availability of the plants in France, the additional remuneration related to the fume treatment facilities and the good performance of Brazil have resulted in a 6% rise in revenue in the first quarter of 2018 (+5% excluding the impact of changes in fuel prices), which reached €104.2 million over the period, compared with €98.8 million in the first quarter of 2017.

  1st quarter 20181 1st quarter 20171 Change (%)
France - Thermal Biomass 91.2 85.9 6%
France - Solar Power2 9.8 10.4 -6%
Brazil 1.5 1.0 39%
Holding company and other 1.7 1.5 13%
Total 104.2 98.8 6%

1.          Unaudited figures.

2.          Including Spain and Italy.

 

Frédéric Moyne, Chief Executive Officer, said:

"After a strong 2017, our plants are continuing to record sound performances in this first quarter. Our Galion 2 plant is now supplying steam to the adjacent sugar refinery, which has allowed the sugar campaign to begin on schedule, and should inject its first kWh into the Martinique electricity network in the coming days, with the aim of commissioning the plant at the end of the first half of 2018. On Reunion Island, we are continuing the IED work at Le Gol and Bois-Rouge and plan to launch the test phase of the Saint-Pierre combustion turbine."

France - Thermal Biomass: very good performances from the plants

Revenue for the Thermal Biomass business in France rose 6% compared with the first quarter of 2017, to €91.2 million, including a contribution of €0.7 million thanks to the change in fuel prices. Stripping out the impact of changes in fuel prices, revenue for the quarter rose by 5% compared with the first quarter of 2017, underpinned by the very good performances from the plants and the additional remuneration related to the fume treatment facilities for the ALG-A and ABR-2 plants as part of the work to bring the facilities into line with the standards of the IED Directive.

The availability rate reached 91.5% in the first quarter of 2018, despite ongoing tension with the unions, compared with 91.6% in the first quarter of the previous year.

The duty rate at the Le Galion combustion turbine remained high at 31% compared with 28% in the first quarter of 2017.

The electricity production of the thermal power plants reached 485 GWh, compared with 526 GWh in the first quarter of 2017, due to scheduled shutdowns at our units and a drop in the duty rate of the base-load plants, particularly in Guadeloupe.

France - Solar Power: performance slightly down, due to exceptional rainfall on Reunion Island

Revenue from the Solar Power business amounted to €9.8 million, down 6% compared with the first quarter of 2017 due to exceptionally high rainfall on Reunion Island (storms and Cyclone Berguitta).

Production reached 21 GWh in the first quarter of the year compared with 23 GWh in the first quarter of 2017.

Brazil: annual maintenance of the two plants during the period between sugar harvests

Albioma Rio Pardo Termoelétrica and Albioma Codora Energia carried out their annual maintenance under very good conditions during the first three months of the year. Albioma Codora Energia continued to produce in January, thanks to the excess stock of bagasse from 2017. The business recorded revenue of €1.5 million over the period (compared with €1.0 million in the first quarter of 2017).

Mauritius: scheduled annual maintenance and accidental outage at a plant

The availability of Mauritian plants is 83% (compared with 99.4% in the first quarter of 2017), due to the annual shutdown of the OTEO La Baraque plant and an accidental outage at the same plant. Production is down 20% to 267 GWh (336 GWh in the first quarter of 2017).

Confirmation of objectives

The Group confirms its 2018 guidance for EBITDA (€158 to €166 million) and net income, Group share (€37 to €42 million).

 

Next on the agenda: Annual General Meeting, 30 May 2018 at 3pm.

About Albioma

An independent responsible energy producer, Albioma is committed to the energy transition thanks to biomass and photovoltaics. 

The Group, which is established in Overseas France, Mauritius and Brazil, has developed a unique partnership for 20 years with the sugar industry, to produce renewable energy from bagasse, a fibrous residue from sugar cane.

Albioma is also the leading generator of photovoltaic power overseas where it constructs and operates innovative projects with integrated storage capabilities.

For further information, please visit www.albioma.com

Investor contact

Julien Gauthier
+33 (0)1 47 76 67 00

Media contact

Charlotte Neuvy
+33 (0)1 47 76 66 65
This email address is being protected from spambots. You need JavaScript enabled to view it.

Albioma shares are listed on Euronext Paris (sub B) and eligible for the deferred settlement service (SRD) and PEA-PME plans.

ISIN FR0000060402 - Ticker: ABIO

Read more: ALBIOMA : Quarterly financial information at 31...

Abstract

This paper presents evidence on how the provision of unreliable electricity constrains expansion in the productive sectors of the economy, consequently leading to a reduction in the number of employment opportunities in Africa. Using geodata on electricity... See More + This paper presents evidence on how the provision of unreliable electricity constrains expansion in the productive sectors of the economy, consequently leading to a reduction in the number of employment opportunities in Africa. Using geodata on electricity transmission networks on the continent, the paper computes an index that explores spatial and time variations in technical losses in the electricity network as an instrument for electricity shortages. The instrument is combined with geo-referenced data from the Afrobarometer and Enterprise Surveys from more than 20 African countries to estimate the causal impact of electricity shortages on employment, and the mechanisms driving the impact. Results from the paper reveal that electricity shortages exert a substantial negative impact on employment rates in Africa. The evidence also shows three channels by which electricity shortages affect labor market participation. First, on the extensive margin, electricity shortages constrain the creation of new businesses through their negative effect on entrepreneurship. Second, in the intensive margin, electricity shortages reduce the output and productivity of existing firms, thereby causing them to reduce labor demand. Third, electricity shortages act as a distortion in the business climate, thereby reducing the trade and export competitiveness of African firms.  See Less -

Read more: Jobs electricity shortages and...

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ET | Source: RGS Energy

DENVER, April 11, 2018 (GLOBE NEWSWIRE) -- RGS Energy (NASDAQ:RGSE), America’s Original Solar Company® since 1978, has won a 2018 Muse Creative Award in the mobile app category, Rose Gold level, for its cloud-based customer and business solution, RGS 365™.

The Muse Creative Awards is an international competition that recognizes creative professionals who inspire through concept, writing or design using traditional or electronic media.

Muse Creative Awards is administered and judged by International Awards Associates (IAA), a global organization comprised of internationally-recognized creative professionals. IAA provides the judges and sets the competition’s rigorous standards. In this year’s competition there were more than 1,350 submissions from 37 countries around the world.

“We recognize the breakthrough achievement of designers, marketers, artists, writers, photographers, videographers, and digital experts who set the trends of the global creative industry,” said Kenjo Ong, President for the IAA. “They hear the voice of an inner muse, inspiring others to rise together.”

According to Dan Coffey, RGS Energy’s director of IT Solutions: “RGS 365 arose from our sales, construction, customer service and IT teams collectively rethinking what would be the best way to  communicate with our customers to manage their solar sales and installation process. We were also fortunate to have a software developer with a strong pedigree who assisted us, and with whom we share this auspicious award.”

This summer RGS Energy plans to launch POWERHOUSE™ 3.0, an innovative and visually stunning solar shingle system that features next-generation technology developed by The Dow Chemical Company. The revolutionary roofing product combines the protection of a conventional asphalt roof with an integrated photovoltaic system that provides power to the home.

Brad Bentzen, director of RGS Energy’s POWERHOUSE™ division, commented: “As we began to communicate with local roofers about how to best deliver POWERHOUSE™ 3.0 and support their efforts, the overwhelming response has been that we should offer RGS 365 as a SaaS solution for roofing companies. So, we’ve now implemented plans to build upon this award-winning mobile app and enhance it for this purpose.”

Anyone can register today for a free RGS 365™ account by visiting rgs365.rgsenergy.com or via the RGS 365 app download today from Apple Store or Google Play.

About RGS Energy 

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

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

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

RGS 365™ is a trademark of Real Goods Solar, Inc.

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

Forward-Looking Statements and Cautionary Statements

This press release by Real Goods Solar, Inc. (the “Company,” “we”, “us,” “its,” “our”) contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Forward-looking statements and forward-looking hypotheticals examples are neither historical facts nor assurances of future performance. Instead, they provide our current beliefs, expectations, assumptions, forecasts, and hypothetical constructs about future events, and include statements regarding our future results of operations and financial position, business strategy, budgets, projected costs, plans and objectives of management for future operations. The word “plan,” “will,””may” and similar expressions as they relate to us are intended to identify such forward-looking statements.

Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all.  Forward looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements.  Therefore, the Company cautions you against relying on any of these forward-looking statements.

Key risks and uncertainties that may cause a change in any forward-looking statement or that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include: RGS Energy’s ability to successfully and timely commercialize POWERHOUSE™ 3.0; the ability to obtain requisite UL certification of POWERHOUSE™ 3.0; RGS Energy’s ability to use the RGS 365 software to grow its revenue; customer acceptance of, experience with and satisfaction with the RGS 365 software; RGS Energy’s ability to enchance RGS 365 to function as a SaaS solution for roofing companies; and other risks and uncertainties included in the Company’s filings with the Securities and Exchange Commission.

You should read the section entitled “Risk Factors” in our 2017 Annual Report on Form 10-K, which has been filed with the Securities and Exchange Commission, which identify certain of these and additional risks and uncertainties. Any forward-looking statements or forward-looking hypothetical examples made by us in this press release speaks only as of the date of this press release. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We do not undertake any obligation to publicly update or revise any forward-looking statement or forward-looking hypothetical example, whether as a result of new information, future developments or otherwise, except as may be required by law.

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

 

Read more: RGS Energy Mobile App, RGS 365™, Wins Rose Gold...

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ET | Source: Scatec Solar

Oslo, 23 April 2018: Scatec Solar ASA ('SSO') held its annual general meeting on 23 April at 09:00 (CET). A total of 55,215,051 shares, representing 53.39 % of the share capital was represented at the general meeting.

The general meeting resolved the board's proposal of a dividend of NOK 0.78 per share. The dividend shall accrue to the company's shareholders as they appear in the company's shareholder register in the VPS on 25 April 2018, being the Company's shareholders at the date of the general meeting based on regular T+2 settlement. The company's shares will trade on Oslo Stock Exchange exclusive the right to receive dividend as from 24 April 2018. The dividend is expected to be paid on or about 15 May 2018.

All proposals were resolved as presented in the notice convening the general meeting distributed on 23 March 2018 and as further set out in the minutes from the general meeting attached hereto.

For further information, please contact:

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

Mr. Mikkel Tørud, CFO, tel: +47 976 99 144, e-mail: 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 source of clean energy worldwide. A long-term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants, and already has an installation track record of close to 1000 MW.

Currently, the company is producing electricity from 322 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras and Jordan and another 434 MW are under construction.

With an established global presence, the company is growing briskly with a project backlog and pipeline of more than 1.5 GW under development in the Americas, Africa, Asia and the Middle East. Scatec Solar is headquartered in Oslo, Norway.

For more information on Scatec Solar, please visit our home page www.scatecsolar.com.

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

Read more: Scatec Solar ASA: Annual general meeting held

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ET | Source: RGS Energy

photo-release

POWERHOUSE™ 3.0 SOLAR SHINGLE ARRAY
POWERHOUSE 3.0 SOLAR SHINGLE ARRAY assembly image for illustrative purposes

POWERHOUSE™ 3.0 SOLAR SHINGLE ARRAY assembly image for illustrative purposes.

RGS Energy

DENVER, April 16, 2018 (GLOBE NEWSWIRE) -- RGS Energy (NASDAQ:RGSE), America’s Original Solar Company since 1978, has partnered with industry leaders Risen Energy Co., General Polymers Thermoplastic Materials and Creative Liquid Coatings to commercialize the RGS POWERHOUSE™ 3.0 Solar Shingle, an innovative and visually stunning solar shingle system using technology developed by The Dow Chemical Company.

Next Generation POWERHOUSE™ 3.0
By coupling roofing with an energy saving solar panel in a singular product, the POWERHOUSE™ Solar Shingle uniquely addresses the unmet needs of residential homeowners with asphalt rooftops, which represent about 85 percent of U.S. homes. Currently, more than 1,000 homeowners are enjoying benefits of earlier generations of POWERHOUSE™.

RGS Energy believes POWERHOUSE™ addresses a large, untapped market, appealing to both single-family homeowners and new home builders. The forthcoming POWERHOUSE™ 3.0 is designed to maintain or improve upon earlier generation product features, while substantially reducing manufacturing costs. POWERHOUSE™ 3.0 will offer a more competitive value proposition, even after the recently imposed tariff on imported solar cells.

RGS Energy estimates if POWERHOUSE™ achieves a 1% share of the re-roof and new home build markets, the product could be propelled to the billion-dollar revenue mark.

Risen Energy Co.

Risen Energy Co., Ltd (China - Shenzhen: 300118) is a Top 10 Tier 1 solar cell and module manufacturer located in China with a current annual manufacturing capacity of more than 4.5 gigawatts. Risen will supply all the solar components and wire harness connectors for POWERHOUSE™ 3.0.

“We’re excited to be a part of this new POWERHOUSE™ 3.0 program,” said Bypina Veerraju Chaudary, Risen’s Chief Sales and Marketing Officer. “Built-in Photovoltaics are the path to greater world-wide adoption of solar technologies, and further enhances the clean energy choices for discerning consumers.”

General Polymers Thermoplastic Materials

General Polymers Thermoplastic Materials is one of the fastest growing multi-national thermoplastic resin distributors serving custom injection molders in North America. The company will supply the polypropylene plastic resin for the base assembly of POWERHOUSE™ 3.0, which is expected to maintain the durability and toughness of the original resin while increasing manufacturing efficiency and reducing the overall cost of raw materials.

“Building-Integrated Photovoltaics is an untapped market in the U.S., and RGS Energy, America’s Original Solar Company, is an ideal partner for General Polymers for pursuing this opportunity,” said Michael Kirtley, President and COO of General Polymers. “We are looking forward to being a strong channel supplier to their POWERHOUSE™ 3.0 program.”

Creative Liquid Coatings

Headquartered in Northeast Indiana, Creative Liquid Coatings provides world-class capabilities in injection molding and paint finishing serving the consumer and industrial products markets. The company will supply all POWERHOUSE™ 3.0 molded polymer components fully assembled, with all solar components, wire harnesses and other parts required to deliver a finished product to RGS Energy customers. Creative Liquid Coatings was a supplier for earlier generations of the POWERHOUSE™ product.

“RGS is the perfect company to commercialize POWERHOUSE™ solar shingles, and we are excited to join them in introducing the product to a broader market,” said Stephen Geist, General Manager of Creative Liquid Coatings. “POWERHOUSE™ is an innovative technology that we expect will play a critical role in the evolution of the U.S. residential roofing marketplace.”

RGS POWERHOUSE™ 3.0 Manufacturing Supply Chain Overview

  POWERHOUSE™ 3.0 POWERHOUSE™ 2.0
An improved product:    
Price point to customer Lower Higher
Energy Production Higher Lower
     
Achieved by:    
Solar photovoltaic Low cost and
more efficient glass silicon cells
High cost and
less efficient CIGS cells
Plastic resin Equivalent durability, lower cost Durable, higher cost
Supply chain partners:  
Solar photovoltaic Risen Energy Co., LTD
Horseshoe connector Risen Energy Co., LTD
Built-in roof base plate:  
Plastic resin General Polymers Thermoplastic Materials, LLC
Injection Molding & Assembly Creative Liquid Coatings, Inc.

Follow the company’s progress towards the planned launch this summer of POWERHOUSE™ 3.0 by  visiting the PowerLines news section at www.RGSPOWERHOUSE.com.

About RGS Energy 

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

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

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

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

Forward-Looking Statements and Cautionary Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, including statements regarding RGS Energy’s plans for the commercialization of the POWERHOUSE™ 3.0 Solar Shingle, and RGS Energy’s business and financial strategies.  Forward-looking statements are neither historical facts nor assurances of future performance.  Instead, they provide our current beliefs, expectations, assumptions, forecasts, and hypothetical constructs about future events, and include statements regarding our future results of operations and financial position, business strategy, budgets, projected costs, plans and objectives of management for future operations.  The words “forecast,” “project,” “expect,” “plan,” “future,” “believe,” “may,” “hypothetical,” “will,” “anticipate,” “estimate,” “goal,” and similar expressions as they relate to RGS Energy are intended to identify such forward-looking statements.

Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all.  Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements.  Therefore, RGS Energy cautions you against relying on any of these forward-looking statements.

Key risks and uncertainties that may cause a change in any forward-looking statement or that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include: RGS Energy’s ability to successfully and timely commercialize POWERHOUSE™ 3.0; the ability to obtain requisite UL certification of POWERHOUSE™ 3.0; the adequacy of, and access to, capital necessary to commercialize POWERHOUSE™ 3.0; RGS Energy’s ability to satisfy the conditions and our obligations under the POWERHOUSE™ 3.0 license agreement; RGS Energy’s ability to manage supply chain in order to have production levels and pricing of the POWERHOUSE™ 3.0 shingles to be competitive; cost and availability of raw materials; the ability of RGS Energy to successfully expand its operations and employees and realize profitable revenue growth from the sale and installation of POWERHOUSE™ 3.0, and to the extent, anticipated; the potential impact of the announcement of RGS Energy’s expansion into the POWERHOUSE™ 3.0 business with employees, suppliers, customers and competitors; RGS Energy’s ability to successfully and timely expand its POWERHOUSE™ 3.0 business outside of the United States; foreign exchange risks associated with the POWERHOUSE™ 3.0 business; intellectual property infringement claims and warranty claims related to the POWERHOUSE™ 3.0 business; competition in the built-in photovoltaic solar system business; rules, regulations and policies pertaining to electricity pricing and technical interconnection of customer-owned electricity generation such as net energy metering; the continuation and level of government subsidies and incentives for solar energy; the continuation and level of utility and state incentives for solar energy; changes in general economic, business and political conditions, including tariffs on imported solar cells and changes in the financial markets;

You should read the section entitled “Risk Factors” in our 2017 Annual Report on Form 10-K, which has been filed with the Securities and Exchange Commission, which identify certain of these and additional risks and uncertainties. Any forward-looking statements or forward-looking hypothetical examples made by us in this press release speaks only as of the date of this press release. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We do not undertake any obligation to publicly update or revise any forward-looking statement or forward-looking hypothetical example, whether as a result of new information, future developments or otherwise, except as may be required by law.

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

A photo accompanying this announcement is available at http://resource.globenewswire.com/Resource/Download/4bf0b31a-c1e3-44e2-bd49-8710c61b9bd1

Read more: RGS Energy Engages Supply Chain Manufacturing...

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ET | Source: Statkraft AS

multilang-release

(Oslo, April 23rd 2018) Statkraft and Finnfjord have signed a new long-term power contract for the period 2018 to 2031. The total volume is 8.5 TWh with annual supply of 0.65 TWh.

The contract will contribute to supplying power to Finnfjord's ferro-alloy plant in Finnsnes and replaces the contract Statkraft and Finnfjord entered into in 2011.

- We are happy to extend our comprehensive and long-term cooperation with Finnfjord. The company has shown impressing stamina in tough markets in recent years, and I am satisfied with the fact that Statkraft can offer competitive contracts and still be a preferred partner for Finnfjord and the industry, says Hallvard Granheim, EVP Market operation & IT in Statkraft.

- This contract secures a solid economic foundation for Finnfjord for the next 13 years and enables the company to further develop more efficient and environmentally friendly manufacturing solutions. We are pleased that our power supplier since 1962 is with us and able to offer Finnfjord competitive and predictable framework conditions, says CEO of Finnfjord, Geir-Henning Wintervoll.

About Statkraft
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 3400 employees in 16 countries.

About Finnfjord
Finnfjord is the world's most energy-efficient ferro-alloy plant and one of Europe's leading producers of ferrosilicon. The company also generates electricity from its energy recovery plant. Finnfjord's total sales amounts to about NOK 800 million and the company has 130 employees.

For further information:

Knut Fjerdingstad, press spokesperson, Statkraft AS
Tel: +47 901 86 310
This email address is being protected from spambots. You need JavaScript enabled to view it.

www.statkraft.com

Geir-Henning Wintervoll, CEO, Finnfjord AS
Tel: +47 951 77 000
This email address is being protected from spambots. You need JavaScript enabled to view it.

www.finnfjord.no

Read more: Statkraft signs 13-year power contract with...

Abstract

Mitigation of greenhouse gases in the land sector is complex and has a unique set of challenges. The most significant challenges arise from the geographically diffuse nature of the emissions sources (compared to, for example, point-based energy sources... See More + Mitigation of greenhouse gases in the land sector is complex and has a unique set of challenges. The most significant challenges arise from the geographically diffuse nature of the emissions sources (compared to, for example, point-based energy sources of emissions), the vast array of potential management responses, the ongoing effects of past actions, the interaction of human and natural processes, and the strong influences of policy and markets. These factors result in a large number and diversity of actors involved, temporal variability in emissions sources and volumes, and higher uncertainty associated with the processes generating the emission reductions. Because of this, achieving large-scale mitigation in the land sector requires collective action involving multiple stakeholders undertaking different activities. This paper synthesizes several lessons learned in efforts to develop systems that integrate incentive mechanisms at multiple scales. It illustrates many lessons through examples and the appendix presents individual case studies from a variety of geographies, Acre (state in Brazil), Australia, Brazil (Amazon), the Democratic Republic of Congo (DRC), Guatemala, and Zambia. The hope is that the experiences of emerging ‘nested’ systems can provide inspiration to countries developing REDD systems, particularly those which seek to catalyze across a landscape local actions that contribute to national mitigation. The objective of this paper is to share a few lessons from nested systems. While there are many positive benefits to nesting, experience suggests that countries struggle with development of nested systems. Very few have been operationalized (with exception to a few developed countries, such as Australia and New Zealand), although several REDD nested systems are now emerging. Section two explores four high-level ‘typologies’ that countries may consider when developing a nested system. Section three summarizes three key technical challenges that countries face: alignment of measurement systems, reference levels, and double counting. Both sections illustrate options using real-world examples from countries pioneering nested approaches and explain why certain choices were made. The paper concludes with thoughts on overall lessons learned, recognizing that the journey is still young.  See Less -

Read more: Approaches to REDD nesting lessons...

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ET | Source: Scatec Solar

Oslo, April 10, 2018: Scatec Solar ASA will release its first quarter results on Friday, April 20, 2018 at 07:00 (CET).

A presentation of the results will be held on the same day at 08:00. The location of the presentation is Høyres Hus (6th floor), Stortingsgata 20, 0161 Oslo. The presentation and Q&A session can be followed through a live webcast from our website on www.scatecsolar.com/investor.

From first quarter 2018 Scatec Solar will report all segment financials on a proportionate basis. This mainly implies that financials in the Power Production segment will be adjusted for Scatec Solar's ownership interest. A spreadsheet with historical quarterly proportionate segment financials is published on www.scatecsolar.com/investor.

For more information, please contact:

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 source of clean energy worldwide. A long-term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants, and already has an installation track record of close to 1000 MW.

Currently, the company is producing electricity from 322 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras and Jordan and another 434 MW are under construction.

With an established global presence, the company is growing briskly with a project backlog and pipeline of more than 1.5 GW under development in the Americas, Africa, Asia and the Middle East. Scatec Solar is headquartered in Oslo, Norway.

Subscribe for press releases here: www.scatecsolar.com/investor/stock-exchange-notices/subscribe

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

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