21
Tue, May

DUBLIN--(BUSINESS WIRE)--The "Global Solar Photovoltaic Services Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The solar photovoltaic services market will register a CAGR of over 16% by 2023.

The supportive government policies and regulations are contributing to the continuous solar photovoltaic services market growth during the forecast period.

Numerous countries are effectively formulating policies for promoting the development of solar technologies. Governments across the globe are also introducing separate policies for different types of solar PV installations. As a result, government policies and investments have eventually transformed emerging economies into the leading global manufacturer and user of renewable energy technology.

Declining cost of solar power generation

The declining costs of solar energy generation due to government initiatives and subsidies as well as competitive bidding processes have led to a significant increase in the number of solar PV panel installation across the globe.

Challenges posed by other alternative energy sources

The growing dependence on other alternative sources of energy such as wind and hydropower, which is a challenge for the growth of the solar industry and will affect the growth of the global solar PV services market adversely during the forecast period.

Competitive Landscape

The market appears to be highly fragmented with the presence of several market players. Several companies across the globe are focusing on offering solar panel cleaning drones and robots.

This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

Key Players

  • BELECTRIC Solar & Battery GmbH
  • Canadian Solar Inc.
  • First Solar Inc.
  • SunPower Corp.
  • Trina Solar Co. Ltd.

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: CUSTOMER LANDSCAPE

PART 07: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • Americas - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 08: MARKET SEGMENTATION BY SERVICE TYPE

  • Comparison by service type
  • Installation services - Market size and forecast 2018-2023
  • O&M services - Market size and forecast 2018-2023
  • Market opportunity by service type

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

  • Developments related to solar PV modules
  • Innovations in solar O&M services
  • Advances in power electronics used in solar PV systems

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • BELECTRIC Solar & Battery GmbH
  • Canadian Solar Inc.
  • First Solar Inc.
  • SunPower Corp.
  • Trina Solar Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/kf9sz8

Read more: Solar Photovoltaic Services: Worldwide Market...

NEW YORK, May 21, 2019 /PRNewswire/ -- Global home entertainment technology leader LG Electronics and BoConcept, the Danish-founded retail furniture franchise and innovator in the global Scandinavian furniture revolution, received the AVA Digital Platinum Award for their innovative "GLASS" campaign – an in-store collaboration integrating BoConcept furniture designs with "Picture on Glass" LG OLED TVs. The annual awards were selected from 2,500 entries from the U.S., Canada and 23 other countries.

Coveted Top-Tier Award Recognizes Innovative ‘GLASS’ Campaign Integrating Iconic Global Furniture Franchise and Critically Acclaimed LG OLED TVs
Coveted Top-Tier Award Recognizes Innovative ‘GLASS’ Campaign Integrating Iconic Global Furniture Franchise and Critically Acclaimed LG OLED TVs

The GLASS campaign created a unique consumer experience that highlighted the elegant and streamlined design of LG OLED Glass TVs. The campaign provided a persuasive argument for premium TV shoppers to trade up to the superior style and design of OLED by activating consumers across several key dimensions including talent and rollout, campaign assets, amplification and cross marketing.

BoConcept's Global Visual Director, Kalina Todorova, and its longest tenured furniture designer, Morten Georgsen, led the campaign in partnership with LG-backed interior designer and style influencer Sarah Sherman Samuels. One of the hallmarks of the GLASS campaign was the launch of high-end designer showrooms featuring BoConcept furniture seamlessly framing an LG OLED TV. The showrooms were located on Madison Avenue in New York City; Cambridge, Mass.; Buckhead, Ga.; and Costa Mesa, Calif. Visitors could also experience a global showroom thanks to country-specific landing pages linked to both LG's and BoConcept's homepages, digital platforms that generated an estimated 14.5 million impressions.

"LG has led the way in the development of OLED TV technology from the beginning and it has since elevated the TV industry to a whole new level of performance and cutting edge design," said Michelle Fernandez, head of Home Entertainment Marketing, LG Electronics USA. "Collaborating with a highly respected home furnishings innovator like BoConcept is the perfect match. We are proud that our collaboration on the GLASS campaign is being recognized for its effectiveness in reaching consumers who seek the best design and entertainment solutions for their homes."

"Since the beginning, BoConcept has been committed to elevating interior spaces so that they can reach their true potential," said Steen Knigge, Director of U.S. Marketing for BoConcept. "The GLASS campaign speaks directly to the fresh, modern consumer who is looking to integrate form and function by connecting technology and design. BoConcept's curated furniture line and the LG OLED TVs work in harmony to elevate one's space and serve as the very contemporary design solution that has always been at the heart of the BoConcept brand. The AVA Digital Platinum Award serves as incredible validation of both the power of this collaboration and our brand mission to become the global leader in progressive interior design."

AVA Digital recognizes exceptional achievement by creative professionals whose work involves the concept, direction, design and product of media that drives the evolution of digital communication. AVA Digital Awards are sponsored and judged by the Association of Marketing and Communication Professionals, an international organization composed of thousands of professionals across sectors including production, marketing, advertising, public relations and freelancing.

Visit BoConcept.com to learn more about BoConcept's furniture and to find a showroom location near you. Visit LG.com to learn more about the critically acclaimed LG OLED TVs. 

About LG Electronics USA
LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a $54 billion global innovator in technology and manufacturing. In the United States, LG sells a wide range of innovative home appliances, home entertainment products, mobile phones, commercial displays, air conditioning systems, solar energy solutions and vehicle components. The "Life's Good" marketing theme encompasses how LG is dedicated to people's happiness by exceeding expectations today and tomorrow. LG is a 2019 ENERGY STAR® Partner of the Year-Sustained Excellence. www.LG.com.

About BoConcept
Since opening its first franchise in Paris in 1993, BoConcept has become a global leader in the design of bold, stylish furniture, boasting more than 300 locations in 65 countries around the world. Founded in Denmark in 1952, BoConcept differentiates itself by offering premium quality, modern designs that elevate interior spaces to achieve their full potential. The company remains focused on creating functional furniture for the urban consumer through partnerships with the world's leading furniture designers. Backed by a proven global concept and strong franchise support system, BoConcept's 15 U.S. locations include a flagship store, which opened in December 2017 on New York City's famed Madison Avenue. For more information please visit www.boconcept.com. To inquire about franchise opportunities, please visit https://www.boconcept.com/en-us/boconcept/franchise.

SOURCE LG Electronics USA

Related Links

http://www.LG.com

Read more: LG Electronics - BoConcept Collaboration Earns...

NEW YORK, May 21, 2019 /PRNewswire/ -- Key drivers for the steel-strengthening metal vanadium continue to point towards increased demand for the foreseeable future. A new research report evaluating recent trends and growth opportunities projects the global vanadium market size to exceed 100kilotons by the end of 2025, growing at a CAGR of 5%. In anticipation of the metal's continued rising demand, several projects are underway from vanadium companies including Delrey Metals Corp (OTC:DLRYF) (CSE:DLRY), Largo Resources (OTC:LGORF) (TSX:LGO), Victory Metals (OTC:VKMTF) (TSX.V:VMX), Bushveld Minerals Limited (OTC:BSHVF), and Prophecy Development (OTC:PRPCF) (TSX:PCY).

According to another recently published report from Acumen Research and Consulting, the overall vanadium market size is expected to be worth approximately US$ 56 billion by 2026 — giving plenty of time for the development of new projects such as the notably large Four Corners project in Newfoundland dubbed to be "one of the largest easily accessible vanadium projects in North America".

The 5,157-hectare property is being developed by Delrey Metals Corp (OTCPK:DLRYF) (CSE:DLRY), who, through exhaustive research for private vanadium assets with the right ingredients for production potential, came across this advanced stage exploration project. Perhaps, more importantly, positive studies and reports from over 4000 meters of drilling and over $2.3mm spent, show the potential for 16km of vanadium - iron - titanium mineralization on the property.

Four Corners is one of the multiple up-and-coming projects from around the world, including other North American projects, such as the two Nevada projects: Gibellini Vanadium Project developed by Largo Resources, and the Iron Point Vanadium Project from Victory Metals.

Across the ocean in South Africa, Bushveld Minerals has been accumulating several vanadium production assets in the country, including Vanchem Vanadium Products, and South African Japan Vanadium (a ferrovanadium production business).

Meanwhile, in Bahia State, Brazil, Largo Resources is coming off a record-breaking 2018 at its Maracás Menchen Mine. Having successfully ramped up its vanadium operations since 2014, Largo reported revenues of CAD$521.4 million — a 211% increase, year over year.

Much of the growth in vanadium's demand is attributed to higher demand in the steel industry, particularly in new stringent Chinese rebar standards. However, there has also been a major increase in the development of vanadium redox flow batteries (VRB's) for large scale storage of wind and solar generated energy.

Adroit Market Research points to astounding growth in the VRB market. A recent forecast by the analytics company pegged VRB market growth at 59.7% CAGR to eventually hit US $1.11 billion by 2025.

Potential New Vanadium to Come from North America

In 2012, ahead of the most recent vanadium price surge, global firm SRK Consulting initiated work on Delrey Metals Corp's (DLRYF-DLRY) Four Corners project located in western Newfoundland.

SRK's initial metallurgical results yielded an impressive >90% Vanadium Pentoxide and >80% Titanium Dioxide recovery. The potential of the project is enhanced when combined with historic work that the private property vendors estimated could potentially contain up to 2.37 billion tonnes of vanadium-bearing titaniferous magnetite from one of the five zones. It is important to note this work is preliminary and needs to be expanded on and confirmed to bring it into 43-101 guidelines and used for reference only, but it gives Delrey a solid footing to begin work from. Further historic work on the property shows a mineralized strike length of 16km with two highways and power lines intersecting the property, and a nearby commercial town and deepwater port allowing for easy exploration and development.

Historic select surface sampling across the mineralized zone assayed >40% Iron, 5% Titanium, and 0.30% Vanadium Pentoxide with individual assays returning as high as 56.92% Iron, 15.13% Titanium, and 0.39% Vanadium Pentoxide.

Delrey just announced the signing of a definitive agreement for the option to earn 80% of the Four Corners Project and still has a market cap of around $6mm CDN. Considering the ample work on the Four Corners project and it's potential, and the historic showings and recent confirmation of this on their BC vanadium - iron - titanium projects, the story should be well received by investors as news is released.

"This latest acquisition provides further exposure for Delrey and its shareholders within the battery metals sector, which is driving the global change in energy storage," said Delrey's President and CEO, Morgan Good in the latest press release. "We're excited to be in a strong position with the Four Corners Project acquisition in a favorable jurisdiction like Newfoundland and Labrador, as the potential size and scale of this asset are remarkable."

Further International Vanadium Developments

Much of the recent excitement in the vanadium has come from Largo Resources (OTCQX:LGORF) (TSX:LGO). The heightened production from the Maracás Menchen Mine in Brazil has been quite impressive, as the company has focused its efforts completely on the production of vanadium flake, high-purity vanadium flake, and high-purity vanadium powder. The company's CAD$521.4 million was a record breaker, putting forth an impressive 211% year over year increase.

Looking to become a large-scale battery storage contender, Bushveld Minerals (OTC:BSHVF) recently doubled down to significantly increase its vanadium production. Following the completion of a series of South African deals, the low-cost integrated miner added the Vametco vanadium mine and processing plant which is currently in phase 2, to complement its own energy storage subsidiary that's part of its strategy to develop deeply its deeply integrated vanadium business.

Back in April, Victory Metals (OTCPK:VKMTF) (TSX.V:VMX) demonstrated >90% vanadium recovery at its Iron Point Project in Nevada, using a hydrometallurgical leach process. Utilizing test work conducted by McClelland Laboratories demonstrated recoveries up to 94.3% vanadium recovery within 8-hour leach times.

Following a meeting with regulators in late April, Prophecy Development (OTCQX:PRPCF) (TSX:PCY) estimates Q1 2020 as the target date for publication of the Notice of Intent ("NOI") to prepare an Environment Impact Statement ("EIS") in the Federal Register for its Gibellini Vanadium Project in Nevada. Based on this timeline, Prophecy plans to start mine construction in 2021, and begin vanadium production by Q4 2022.

For a FREE research report on Delrey Metals Corp (OTCPK:DLRYF) (CSE:DLRY), visit www.microsmallcap.com 

Disclaimer:  Microsmallcap.com (MSC) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of Delrey Metals Corp 

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MSC and FNM undertake no obligation to update such statements.

Media Contact:
FN Media Group, LLC
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1(561)325-8757

SOURCE Microsmallcap.com

Read more: Growing High Strength Steel Sector Set to Surge...

At the Electric Vehicles Symposium 32 (EVS32), one of the world's largest events in the electric mobility sector, the Auvergne-Rhône-Alpes regional council, Michelin and ENGIE groups, the Banque des Territoires and the Crédit Agricole formalised their commitment to Hympulsion, the project company tasked with deploying the largest renewable hydrogen-driven mobility project in France: Zero Emission Valley.

Auvergne-Rhône-Alpes and the Banque des Territoires have acquired a 49% stake in Hympulsion as part of a unique public-partnership, while the Michelin Group, ENGIE and the Crédit Agricole together own a 51% stake in it.

Hympulsion is now operational and will help speed up deployment of Zero Emission Valley – France's first renewable hydrogen-driven mobility project for professional captive fleets (1000 vehicles and 20 stations). Co-financed by European funds, this project provides vehicles and renewable hydrogen at an overall cost that is on a par with diesel.

The first stone of the Chambéry station will be laid in June with ; general opening is scheduled in the final quarter of 2019. A temporary station will be opened in Clermont-Ferrand at the end of August 2019. Then, future stations will be opened across ten areas, including Lyon, Grenoble and Saint-Etienne. Meanwhile, subsidies will be awarded both by Auvergne-Rhône-Alpes and the European Union to cover the purchase of the one thousand vehicles. Hympulsion has already been awarded at the Assises Européennes de l’Energie (European energy conference) and its finance application is being managed by the ADEME (France’s energy management agency) within the framework of the “H2 mobility – hydrogen mobility ecosystems” call for tenders.

The solution is designed to meet three challenges: environmental, industrial and economic

  • Environmental, since renewable hydrogen-driven mobility will improve air quality over the nine priority areas.
  • Industrial, since 80% of the hydrogen sector stakeholders are in Auvergne-Rhône-Alpes; developing hydrogen-driven mobility will give momentum to this premium sector and help ensure its longevity. The challenge is to produce hydrogen systems on a high scale that meet zero-carbon requirements and to develop hydrogen-powered vehicles at costs that are on a par with diesel.
  • Economic, since not only will the project generate jobs in the Auvergne Rhône-Alpes… it will also enable regional training centres to provide young people with support in accessing the clean-mobility jobs of the future and securing employment in the zero-carbon industry.

Hydrogen-driven mobility across the city, territory, nation and continent

Thanks to its sheer scale, this project alone will provide 25% of the vehicles announced in the national hydrogen plan by 2023.

Three dedicated partners

For Laurent Wauquiez, President of Auvergne-Rhône-Alpes, “The dynamic nature of the sector in our territory and the powerful synergies of Hympulsion with the public and private sectors will turn Auvergne-Rhône-Alpes into France’s leading hydrogen area. We will become the catalyst for the introduction of this new technology in Europe. With Zero Emission Valley, we will be able to prove that taking up climate change challenges will boost job creation.”

“Michelin is absolutely certain that hydrogen-driven mobility is the best solution for taking up these three challenges: reducing pollution, reducing greenhouse gases and facilitating the energy transition. For more than 15 years, we have been developing our research and development expertise and have been industrialising hydrogen batteries. We have entered into a number of ambitious partnerships across the Auvergne-Rhône-Alpes region in particular. Our involvement in the ZEV project is obviously a strategic benefit for Michelin", says Florent Menegaux, CEO of Michelin.

ENGIE, which is certain that renewable hydrogen is the missing link along the path towards a decarbonised energy system, has taken up a position at the forefront of the energy revolution to speed up the emergence of a decentralised, decarbonised and digitised system in which renewable energies will play a key role. "The ZEV project in Auvergne-Rhône-Alpes is evidence of ENGIE’s concrete commitment to helping cities, regions and companies across the world in their zero-carbon energy transitions. As an ambitious forerunner, we are working very closely alongside all public and private partners to turn completely renewable hydrogen into a reality that everybody can take advantage of”, says Franck Bruel, ENGIE's deputy CEO.

Read more: Zero Emission Valley

DUBLÍN, 21 de mayo de 2019 /PRNewswire/ -- Mainstream Renewable Power ("Mainstream" o la "empresa"), desarrollador líder global de plantas de energía eólica y solar, anuncia hoy sus resultados auditados para el período de doce meses que cerró el 31 de diciembre de 2018 ("el período").

Aspectos destacados

Financieros – Un año de transformación para la empresa

  • Ganancia récord de 487,5 millones de euros (2017: pérdida de 5,5 millones de euros) luego de la exitosa venta del proyecto de granja eólica Neart na Gaoithe de 450 MW en Escocia al EDF Group
  • Toda la deuda corporativa pagada (73 millones de euros)
  • Instrumento de financiamiento comercial por 90 millones de euros garantizado por DNB Bank ASA y HSBC Bank PLC, que puede extenderse hasta 200 millones de euros, sujeto a acuerdo, y que concede libertad para perseguir oportunidades de desarrollo a gran escala en todo el mundo
  • Mainstream marcha a buen ritmo para recaudar de 700 a 800 millones de euros adicionales para financiación de proyectos en 2019
  • La empresa ha regresado a su estructura de propiedad con participación accionaria esencial, propiedad privada del fundador Eddie O'Connor, de empleados y de una pequeña base de inversores minoristas, luego de una recompra de acciones a los accionistas institucionales en septiembre de 2018

Operativos – Entrega, de manera sostenible, de más megavatios que ningún otro desarrollador independiente

  • Más de 10,5 GW de nuevos proyectos en desarrollo
  • 707 MW en construcción
  • 804 MW entregados y ya en operación
  • Reconocimiento del Carbon Disclosure Project: Se nos concedió A- (Liderazgo)
  • Evitamos, como estimado, 998.340 toneladas métricas netas de CO2 en 2017
  • Presencia extendida para igualar nuestras ambiciones globales; nuevas oficinas inauguradas en Edimburgo, Colombia, Singapur y Australia

Perspectiva – Destinada a convertirse en una de las grandes empresas globales de energías renovables

  • Mainstream está magníficamente bien posicionada para impulsar expansión y crecimiento espectaculares en sus mercados fundamentales de Asia-Pacífico, América Latina y África, así como en el sector eólico mar afuera global

América Latina:

  • Ya somos el mayor desarrollador de energía renovable en Chile con un equipo conformado por 100 chilenos
  • Centrados en poner la plataforma Andes Renovables de 1,3 GW en operación comercial entre 2021 y 2022
  • Está en marcha la construcción de los proyectos Sarco y Aurora en Chile (299 MW) como parte de una empresa conjunta con Actis (Aela Energía); se espera que entren en operación comercial en la segunda mitad de 2019
  • La granja eólica Cuel de 33 MW ha estado en operación comercial durante cinco años

Asia-Pacífico:

  • Asociación con el Phu Cuong Group para entregar el mayor proyecto eólico de Asia – la granja eólica mar afuera Phu Cuong Soc Trang de 800 MW en Vietnam – cuya primera fase se espera que alcance cierre financiero en 2020
  • Memorando de entendimiento existente para entregar 1 GW adicional de energía solar en Vietnam, Camboya y Laos
  • Dos granjas eólicas en desarrollo en Filipinas con una capacidad combinada de 120 MW

Mar afuera: 

  • Mainstream ha establecido su centro de excelencia mar afuera en Edimburgo
  • Búsqueda activa de proyectos en el Reino Unido, India, Vietnam y Estados Unidos

África:

  • 408 MW adicionales en proyectos en construcción; de ellos, Mainstream está construyendo 250 MW en Sudáfrica y otros 158 MW se encuentran en construcción en Senegal
  • La plataforma Lekela Power (una empresa conjunta con Actis) tiene proyectos adicionales en Egipto (250 MW con acuerdo de compra de energía) y Ghana (150 MW)

Andy Kinsella, director ejecutivo de grupo de Mainstream, señaló: "Mainstream está posicionada para ingresar en una nueva categoría como una de las grandes empresas de energía renovable, en momentos en que se acelera la transferencia de capital de los combustibles fósiles a la energía sostenible. 

Luego de un año transformativo en el cual completamos con éxito la venta de nuestra granja eólica mar afuera en Escocia, ahora tenemos un sólido estado de balance y no tenemos restricción alguna en nuestras aspiraciones de contribuir al desarrollo de economías en crecimiento mediante la entrega de capacidad de energía renovable.

Estamos listos para lanzarnos a una expansión considerable en nuestros mercados fundamentales de Asia-Pacífico, América Latina y África, así como para regresar al sector de la energía eólica mar afuera en el Reino Unido, donde previamente hemos entregado 3,45 GW de energía eólica mar afuera.

El hecho de haber regresado a nuestra estructura de propiedad esencial significa que estamos posicionados para entregar crecimiento material y retornos a nuestros accionistas durante la próxima década".

Acerca de Mainstream Renewable Power 

Mainstream Renewable Power es el desarrollador más experimentado de plantas de energía eólica y solar a escala de servicio público en todo el mundo.

La empresa se enfoca hacia la entrega de un portafolio de alta calidad compuesto por más 10,5 gigavatios de recursos eólicos y solares en América Latina, África y Asia-Pacífico.

A nivel mundial, Mainstream ha entregado y puesto en operación comercial más de 800 MW de recursos eólicos y solares, y en la actualidad construye capacidad para otros 707 MW en América Latina y África.

En Chile, Mainstream tiene propiedad absoluta de 1,3 GW de proyectos eólicos y solares totalmente contratados que marchan a buen paso para comenzar su operación comercial en 2021.

Mainstream es un líder mundial en el desarrollo de plantas eólicas mar afuera. Ha desarrollado con éxito 4,5 GW de proyectos eólicos mar afuera en el Reino Unido, desde el concepto inicial, pasando por la consecución de aprobaciones y hasta llegar a la fase de listo para construir. Esto incluye la mayor granja de energía eólica mar afuera del mundo: los proyectos Hornsea 1 y Hornsea 2 que actualmente se construyen en el Reino Unido.

El proyecto eólico mar afuera Phu Cuong Soc Trang de 800 MW de Mainstream es el mayor proyecto individual de desarrollo de energía renovable en el sudeste asiático, al tiempo que la empresa también precalificó recientemente para la presentación de licitaciones por el primer desarrollo eólico mar afuera de India, la licitación por el proyecto eólico mar afuera Gujarat de 1.000 MW. La empresa también tiene en fase de desarrollo dos granjas eólicas en Filipinas.

Hasta la fecha Mainstream ha conseguido más de 1.800 millones de euros para la financiación de proyectos y emplea a 200 personas en cuatro continentes.

www.mainstreamrp.com

Contacto: 

Emmet Curley, director de Comunicaciones y Posicionamiento
Teléfono: +353-86-2411-690
Correo electrónico: This email address is being protected from spambots. You need JavaScript enabled to view it.

Jack Holden, FTI Consulting
Teléfono: +44 (0)20-3727-1200
Correo electrónico: This email address is being protected from spambots. You need JavaScript enabled to view it.

FUENTE Mainstream Renewable Power

Related Links

https://www.mainstreamrp.com/

SOURCE Mainstream Renewable Power

Read more: Mainstream Renewable Power: Resultados...

IRVINE, Calif.--(BUSINESS WIRE)--For the first time, KB Home (NYSE: KBH) is offering homebuyers the opportunity to purchase components of the integrated health and wellness and smart home technologies debuted at their concept home of the future, KB Home ProjeKt: Where Tomorrow Lives. ProjeKt was unveiled earlier this year in conjunction with the Consumer Electronics Show® (CES) in Las Vegas and certain features are now available at KB Home’s latest community in Irvine, Genoa at Orchard Hills.

The homes at the new community offer optional energy independence and innovative technologies from Delos’ DARWIN™ Home Wellness Intelligence network, high-efficiency SunPower® solar, and the Powerwall energy storage and management system provided by Swell Energy.

In addition, all KB homes at Genoa at Orchard Hills offer the proprietary KB Smart Home System featuring Google Assistant™, which allows KB homeowners to control the functionality of their smart-home features, automate routines to their individual preferences and live more comfortably and efficiently in their new homes. Together, these systems can provide one of the most efficient, technologically advanced and fully integrated smart homes available today from a national homebuilder.

“The KB homes available at Genoa at Orchard Hills offer our customers smart solutions for energy independence while supporting personal wellness for homeowners and their families,” said Steve Ruffner, regional general manager for KB Home. “Buyers are seeking homes that deliver on energy efficiency and promote healthier home environments. This new smart home delivers on that.”

Every KB home at Genoa is designed to meet U.S. Environmental Protection Agency (EPA) Indoor airPLUS qualification standards to provide a home environment that is cleaner, quieter, healthier, more efficient and better performing compared to typical new and resale homes in the area. In addition, Genoa offers homebuyers the option to integrate Delos’ state-of-the-art DARWIN Home Wellness Intelligence network, a powerful responsive platform that passively monitors and calibrates the home environment to help support health, performance and well-being.

KB Home is the first U.S. production homebuilder to offer this innovative home wellness technology, which comprises a proprietary sensor-monitoring platform and solutions across air filtration, water purification and restorative lighting. DARWIN can be controlled from a smartphone app, stand-alone tablet or Google Assistant, offering the freedom to control and access wellness intelligence throughout the home.

All homes at Genoa at Orchard Hills will be built to ENERGY STAR® certification guidelines and include WaterSense® labeled faucets and fixtures, as well as fully integrated 2kW SunPower Equinox™ solar photovoltaic systems as standard features. Only 10 percent of new homes in the U.S. are built to ENERGY STAR certification guidelines and even fewer offer solar power. As such, the KB homes at Genoa at Orchard Hills are designed to be more energy and water efficient than most typical new and resale homes available in the area. These energy- and water-saving features are estimated to help save homebuyers up to $2,000 a year in utility costs, depending upon the floor plan, which adds up to potential savings of over $60,000 over the life of a 30-year mortgage.

These KB homes also offer the option to expand to an electricity-independent home with a larger solar power system and energy storage unit that has built-in intelligence to provide the home with its energy needs at night or when demand is more than what the solar system can provide. These options can potentially keep a home’s electricity bills and carbon footprint near zero.

Prospective homebuyers who visit Genoa at Orchard Hills can experience the integrated KB Smart Home System and other innovative technologies firsthand. KB Home plans to construct 110 homes in three distinct two-story floor plans that range in size from 3,550 to 3,950 square feet. These modern KB homes include up to five bedrooms and four-and-a-half baths and feature desirable design characteristics like downstairs bedroom suites, sleek gourmet kitchens, elegant master suites, lofts and a private yard, ideal for entertaining. Pricing begins at $1.7 million.

Genoa at Orchard Hills model homes and sales center is located at 57 Suede in Irvine, Calif. From I-5 or I-405, exit Culver Dr. heading east. Turn left on Furrow, right on Woody Knoll, left on Fallen Branch, left on Ruby Hill and left on Suede. The sales center is open, Mondays, 1–6 p.m., and Tuesdays–Sundays, 10 a.m.–6 p.m. For more information about Genoa at Orchard Hills or KB Home’s other new-home neighborhoods, visit www.kbhome.com or call 888-KB-HOMES.

About KB Home

KB Home (NYSE: KBH) is one of the largest homebuilders in the United States, with more than 600,000 homes delivered since our founding in 1957. We operate in 38 markets in eight states, primarily serving first-time and first move-up homebuyers, as well as second move-up and active adults. We are differentiated in offering customers the ability to personalize what they value most in their home, from choosing their lot, floor plan, and exterior, to selecting design and décor choices in our KB Home Studios. In addition, our industry leadership in sustainability helps to lower the cost of homeownership for our buyers compared to a typical resale home. We take a broad approach to sustainability, encompassing energy efficiency, water conservation, healthier indoor environments, smart home capabilities and waste reduction. KB Home is the first national builder to have earned awards under all of the U.S. EPA’s homebuilder programs — ENERGY STAR®, WaterSense® and Indoor airPLUS®. We invite you to learn more about KB Home by visiting www.kbhome.com, calling 888-KB-HOMES, or connecting with us on Facebook.com/KBHome or Twitter.com/KBHome.

Read more: KB Home Debuts State-of-the-Art Smart Home and...

SHIHEZI, China, May 21, 2019 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy", the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced its unaudited financial results for the first quarter of 2019.

First Quarter 2019 Financial and Operating Highlights

  • Polysilicon production volume of 8,764 MT in Q1 2019, compared to 7,301 MT in Q4 2018
  • Polysilicon external sales volume of 8,450 MT in Q1 2019, compared to 7,030 MT in Q4 2018
  • Polysilicon average total production cost(1) of $7.42 /kg in Q1 2019, compared to $7.94/kg in Q4 2018
  • Polysilicon average cash cost(1) of $6.20/kg in Q1 2019, compared to $6.64/kg in Q4 2018
  • Polysilicon average selling price (ASP) was $9.55/kg in Q1 2019, compared to $9.69/kg in Q4 2018
  • Revenue from continuing operations was $81.2 million in Q1 2019, compared to $75.6 million in Q4 2018
  • Gross profit from continuing operations was $18.3 million in Q1 2019, compared to $16.9 million in Q4 2018. Gross margin from continuing operations was 22.6% in Q1 2019, compared to 22.4% in Q4 2018
  • EBITDA (non-GAAP)(2) from continuing operations was $20.0 million in Q1 2019, compared to $29.5 million in Q4 2018
  • EBITDA margin (non-GAAP)(2) from continuing operations was 24.6% in Q1 2019, compared to 39.1% in Q4 2018
  • Adjusted net income (non-GAAP)(2) attributable to Daqo New Energy shareholders was $11.1 million in Q1 2019, compared to $15.7 million in Q4 2018 and $32.9 million in Q1 2018
  • Adjusted earnings per basic American Depository Share (ADS) (non-GAAP)(2) of $0.83 in Q1 2019, compared to $1.18 in Q4 2018, and $3.03 in Q1 2018
  • Net income from continuing operations was $5.9 million in Q1 2019, compared to $17.1 million in Q4 2018 and $29.9 million in Q1 2018
  • Net income from discontinued operations was $0.8 million in Q1 2019, compared to net loss from discontinued operations of $5.7 million in Q4 2018 and net income from discontinued operations of $2.1 million in Q1 2018
  • Net income attributable to Daqo New Energy shareholders was $6.6 million in Q1 2019, compared to $11.4 million in Q4 2018 and $31.6 million in Q1 2018.
  • Earnings per basic ADS was $0.50 in Q1 2019, compared to $0.86 in Q4 2018, and $2.91 in Q1 2018

Three months ended

US$ millions

except as indicated otherwise

Mar 31, 2019

Dec 31, 2018

Mar 31, 2018

Revenues

81.2

75.6

95.6

Gross profit

18.3

16.9

43.1

Gross margin

22.6%

22.4%

45.0%

Operating income

9.2

20.3

39.2

Net income from continuing operations

5.9

17.1

29.9

Income (loss) from discontinued operations, net
of tax

0.8

(5.7)

2.1

Net income attributable to Daqo New Energy
Corp. shareholders

6.6

11.4

31.6

Earnings per basic ADS ($ per ADS)

0.50

0.86

2.91

Adjusted net income (non-GAAP)(2) attributable
to Daqo New Energy Corp. shareholders

11.1

15.7

32.9

Adjusted earnings per basic ADS (non-GAAP)(2)
($ per ADS)

0.83

1.18

3.03

EBITDA (non-GAAP)(2) from continuing
operations

20.0

29.5

48.6

EBITDA margin (non-GAAP) (2) from continuing
operations

24.6%

39.1%

50.8%

Polysilicon sales volume (MT) 

8,450

7,030

5,411

Polysilicon average total production cost
($/kg)(1)

7.42

7.94

9.19

Polysilicon average cash cost (excl. dep'n)
($/kg)(1)

6.20

6.64

7.53

Notes:

(1) Production cost and cash cost only refer to production in our Xinjiang polysilicon facilities. Production cost is calculated by the inventoriable costs relating to production of polysilicon in Xinjiang divided by the production volume in the period indicated. Cash cost is calculated by the inventoriable costs relating to production of polysilicon excluding depreciation expense in Xinjiang, divided by the production volume in the period indicated.

(2) Daqo New Energy provides EBITDA from continuing operations, EBITDA margin from continuing operations adjusted net income attributable to Daqo New Energy Corp. shareholders and adjusted earnings per ADS on a non-GAAP basis to provide supplemental information regarding its financial performance. For more information on these non-GAAP financial measures, please see the section captioned "Use of Non-GAAP Financial Measures" and the tables captioned "Reconciliation of non-GAAP financial measures to comparable US GAAP measures" set forth at the end of this press release.

Management Remarks

"We are very pleased to report solid operational and financial performance for the first quarter of 2019, during which we achieved record-high production and sales volumes, as well as our most competitive cost structure," commented Mr. Longgen Zhang, CEO of Daqo New Energy. "During the quarter, our polysilicon facilities were running at full capacity and produced 8,764 MT and sold 8,450 MT of polysilicon. We were also able to successfully reduce our total production cost and cash cost to $7.42/kg and $6.20/kg, respectively, our lowest ever."

"We are currently undertaking a capacity debottlenecking project to gradually upgrade several older CVD furnaces with improved technology, allowing us to increase production capacity by additional 5,000 MT. This project is progressing well and we expect to complete the project ahead of schedule in early June 2019. The ramp-up process of this debottlenecking project will temporarily impact production volumes and cost and as a result we expect to produce approximately 7,200 to 7,400 MT of polysilicon at total production cost of $8.0~8.5/kg during the second quarter of 2019. Once our facilities are fully ramped up in June, we anticipate our total annual production capacity will reach 35,000 MT and our production costs will return to the current level of approximately $7.5/kg." 

"Our Phase 4A project is also progressing smoothly and remains on schedule. The foundation work has been completed and the construction of various buildings and structures are progressing as planned. The initial equipment installation has already begun and is planned to continue through the third quarter of 2019. Based on our current assessment, we expect to complete Phase 4A by the end of 2019 and ramp up to full capacity of 70,000 MT by the end of the first quarter of 2020."

"China installed approximately 5.2GW of new solar PV installations during the first quarter of 2019. While installation numbers for the second quarter of 2019 haven't been released yet, we believe they will likely be even lower. Installations should significantly pickup in the second half of this year as China's solar PV policy is gradually rolled out. Grid parity projects will be the first batch to start installations and then followed by subsidized projects which will bid for the total three billion RMB of subsidy. Market consensus indicates that China will install approximately 35-40 GW in 2019, which means solar project installation volumes during the second half could potentially double or even triple those in the first half. As polysilicon is the key raw material of solar PV modules, we believe demand for polysilicon will significantly increase in the second half of 2019."

"We are optimistic about China's booming demand for solar PV in the second half of this year. Since May, the market conditions for polysilicon have shown signs of improvement as prices appear to have bottomed out. While Daqo remained solidly profitable in the first quarter with our low cost and high mix of mono-grade polysilicon products, we believe the current challenging pricing environment for polysilicon has resulted in serious financial losses for many of the existing polysilicon producers. According to news from China Silicon Industry Association, at least three major Chinese polysilicon producers have shut down their facilities for maintenance since April and May, resulting in reduced supply. In addition, the ramp-up process of other Chinese players' new capacities have not been as fast and smooth as they expected, including production delays and unscheduled shutdowns. Furthermore, these new capacities are generally unable to immediately produce high quality mono-grade polysilicon due to quality issues. This has resulted in increased pricing spread between mono-grade and multi-grade polysilicon. Looking into the future, we believe current oversupply will be alleviated by a reduction in supply from high cost players. For the second half of 2019, we anticipate the booming demand from China's domestic PV market will significantly improve the overall supply-demand situation, particularly for the tightly-supplied mono-grade polysilicon."

"We are confident to overcome the temporary market challenges with our low cost structure and first class product quality. Moreover, our Phase 4A project is expected to double our capacity and reduce our cost even further, strengthening our leading position as one of the world's most competitive polysilicon manufacturers."

Outlook and guidance

Due to the significant pricing spread between mono-grade and multi-grade polysilicon, the Company is currently maximizing the amount of mono-grade polysilicon as percentage of our total production volume to approximately 80% in April and May. In addition, the ramp up process of the Company's debottlenecking project is expected to take place ahead of schedule in early June. As such, the Company may see some impact on production volume and cost structure in the second quarter.

The Company expects to produce approximately 7,200 to 7,400 MT of polysilicon with total production cost of $8.0~8.5/kg during the second quarter of 2019 and sell approximately 7,100MT to 7,300MT of polysilicon to external customers during the second quarter of 2019. The Company expects the total production cost will come back to normal at the level of $7.5/kg in the third quarter of 2019. For the full year of 2019, the Company expects to produce approximately 37,000 to 40,000 MT of polysilicon, inclusive of the impact of the Company's annual facility maintenance.

This outlook reflects Daqo New Energy's current and preliminary view as of the date of this press release and may be subject to changes. The Company's ability to achieve these projections is subject to risks and uncertainties. See "Safe Harbor Statement" at the end of this press release.

First Quarter 2019 Results

Revenues

Revenues were $81.2 million, compared to $75.6 million in the fourth quarter of 2018 and $95.6 million in the first quarter of 2018. The sequential increase in revenues was primarily due to higher polysilicon sales volumes partially offset by lower ASPs.

Gross profit and margin

Gross profit was $18.3million, compared to $16.9 million in the fourth quarter of 2018 and $43.1 million in the first quarter of 2018. Gross margin was 22.6%, compared to 22.4% in the fourth quarter of 2018 and 45.0% in the first quarter of 2018. The sequential increase was primarily due to lower average polysilicon production cost, partially offset by lower ASPs.

Selling, general and administrative expenses

Selling, general and administrative expenses were $7.9 million, compared to $8.2 million in the fourth quarter of 2018 and $3.8 million in the first quarter of 2018. The year-over-year increase in SG&A was primarily due to an increase in non-cash share-based compensation costs related to the Company's share incentive plan.

Research and development expenses

Research and development (R&D) expenses were $1.3 million, compared to $1.0 million in the fourth quarter of 2018 and $0.1 million in the first quarter of 2018. Research and development expenses could vary from period to period and reflected R&D activities that took place during the quarter.

Income from operations and operating margin

As a result of the foregoing, income from operations was $9.2 million, compared to $20.3 million in the fourth quarter of 2018 and $39.2 million in the first quarter of 2018.

Operating margin was 11.3%, compared to 26.8% in the fourth quarter of 2018 and 41.0% in the first quarter of 2018.

Interest expense

Interest expense was $2.0 million, compared to $1.9 million in the fourth quarter of 2018 and $3.7 million in the first quarter of 2018.

EBITDA

EBITDA from continuing operations was $20.0 million, compared to $29.5 million in the fourth quarter of 2018 and $48.6 million in the first quarter of 2018. EBITDA margin was 24.6%, compared to 39.1% in the fourth quarter of 2018 and 50.8% in the first quarter of 2018.

Income(loss) from discontinued operations, net of tax

During the third quarter of 2018, the Company decided to discontinue its solar wafer manufacturing operations. Net income from discontinued operations was $0.8 million in the first quarter of 2019, compared to net loss from discontinued operations of $5.7 million in the fourth quarter of 2018 and net income from discontinued operations of $2.1 million in the first quarter of 2018. The net income from discontinued operations during the quarter was mainly due to the disposal of fixed assets which were impaired in 2018 and previous years.

Net income attributable to Daqo New Energy Corp. shareholders and earnings per ADS

As a result of the aforementioned, net income attributable to Daqo New Energy Corp. shareholders was $6.6 million, compared to $11.4 million in the fourth quarter of 2018 and $31.6 million in the first quarter of 2018.

Earnings per basic ADS of $0.50, compared to $0.86 in the fourth quarter of 2018, and $2.91 in the first quarter of 2018.

Financial Condition

As of March 31, 2019, the Company had $113.7 million in cash, and cash equivalents and restricted cash, compared to $94.0 million as of December 31, 2018 and $79.0 million as of March 31, 2018. As of March 31, 2019, the accounts receivable balance was $2.2 million, compared to $1.2 million as of December 31, 2018 and $12 thousand as of March 31, 2018. As of March 31, 2019, the notes receivable balance was $0.7 million, compared to $8.1 million as of December 31, 2018 and $45.2 million as of March 31, 2018. As of March 31, 2019, total borrowings were $193.0 million, of which $149.7 million were long-term borrowings, compared to total borrowings of $171.5 million, including $133.3 million long-term borrowings, as of December 31, 2018 and total borrowings of $189.6 million, including $106.8 million long-term borrowings, as of March 31, 2018.

Cash Flows

For the three months ended March 31, 2019, net cash provided by operating activities was $48.5 million, compared to $22.0 million in the same period of 2018.

For the three months ended March 31, 2019, net cash used in investing activities was $38.6 million, compared to $11.8 million in the same period of 2018. The net cash used in investing activities in 2018 and 2017 was primarily related to the capital expenditure on Xinjiang Phase 3B and 4A polysilicon projects.

For the three months ended March 31, 2019, net cash provided by financing activities was $7.2 million, compared to net cash used in financing activities of $2.4 million in the same period of 2018.

Use of Non-GAAP Financial Measures

To supplement Daqo New Energy's consolidated financial results presented in accordance with United States Generally Accepted Accounting Principles ("US GAAP"), the Company uses certain non-GAAP financial measures that are adjusted for certain items from the most directly comparable GAAP measures including earnings before interest, taxes, depreciation and amortization ("EBITDA") and EBITDA margin; adjusted net income attributable to Daqo New Energy Corp. shareholders and adjusted earnings per basic ADS. Our management believes that each of these non-GAAP measures is useful to investors, enabling them to better assess changes in key element of the Company's results of operations across different reporting periods on a consistent basis, independent of certain items as described below. Thus, our management believes that, used in conjunction with US GAAP financial measures, these non-GAAP financial measures provide investors with meaningful supplemental information to assess the Company's operating results in a manner that is focused on its ongoing, core operating performance. Our management uses these non-GAAP measures internally to assess the business, its financial performance, current and historical results, as well as for strategic decision-making and forecasting future results. Given our management's use of these non-GAAP measures, the Company believes these measures are important to investors in understanding the Company's operating results as seen through the eyes of our management. These non-GAAP measures are not prepared in accordance with US GAAP or intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with US GAAP; the non-GAAP measures should be reviewed together with the US GAAP measures, and may be different from non-GAAP measures used by other companies.

The Company uses EBITDA, which represents earnings before interest, taxes, depreciation and amortization, and EBITDA margin, which represents the proportion of EBITDA in revenues. Adjusted net income attributable to Daqo New Energy Corp. shareholders and adjusted earnings per basic ADS exclude costs related to the non-operational polysilicon assets in Chongqing. Such costs mainly consist of non-cash depreciation costs, as well as utilities and maintenance costs associated with the temporarily idle polysilicon machinery and equipment, and the Company had removed this adjustment from the non-GAAP reconciling item since the fourth quarter of 2018, since as of the end of the third quarter of 2018, all of the polysilicon machinery and equipment had been either relocated to Xinjiang, disposed, or planned to be disposed of in due time. Adjusted net income attributable to Daqo New Energy Corp. shareholders and adjusted earnings per basic ADS also exclude costs related to share-based compensation. Share-based compensation is a non-cash expense that varies from period to period. As a result, our management excludes this item from its internal operating forecasts and models. Our management believes that this adjustment for share-based compensation provides investors with a basis to measure the Company's core performance, including compared with the performance of other companies, without the period-to-period variability created by share-based compensation.

A reconciliation of non-GAAP financial measures to comparable US GAAP measures is presented later in this document.

Conference Call

The Company has scheduled a conference call to discuss the results at 8:00 AM Eastern Time on May 21, 2019. (8:00 PM Beijing / Hong Kong time on the same day).

The dial-in details for the live conference call are as follows:

Participant dial in (toll free):

+1-888-346-8982

Participant international dial in:

+1-412-902-4272

China mainland toll free:

4001-201203

China Beijing local toll:

+86-105-357-3132

Hong Kong toll free:

800-905945

Hong Kong-local toll:

+852-301-84992


Participants please dial in 10 minutes before the call is scheduled to begin and ask to be joined into the Daqo New Energy Corp. call.

You can also listen to the conference call via Webcast through the URL: https://services.choruscall.com/links/dq190521.html

A replay of the call will be available 1 hour after the end of the conference through May 27, 2019.

The conference call replay numbers are as follows:

US Toll Free:

+1-877-344-7529

International Toll:

+1-412-317-0088

Canada Toll Free:

855-669-9568

Replay access code:

10131478

To access the replay using an international dial-in number, please select the link below: https://services.choruscall.com/ccforms/replay.html
Participants will be required to state their name and company upon entering the call.

About Daqo New Energy Corp.

Daqo New Energy Corp. (NYSE: DQ) ("Daqo" or the "Company) is a leading manufacturer of high-purity polysilicon for the global solar PV industry. Founded in 2008, the Company is one of the world's lowest cost producers of high-purity polysilicon. Daqo's highly-efficient and technically advanced manufacturing facility in Xinjiang, China, currently has a nameplate annual polysilicon production capacity of 30,000 metric tons, and the Company is undergoing a debottlenecking project and a capacity expansion project and expects to increase its annual polysilicon production capacity to 70,000 metric tons in the first quarter of 2020.

For more information, please visit http://daqo.gotoip1.com/

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of 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 outlook for the second quarter and the full year of 2019 and quotations from management in this announcement, as well as Daqo New Energy's strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the demand for photovoltaic products and the development of photovoltaic technologies; global supply and demand for polysilicon; alternative technologies in cell manufacturing; the Company's ability to significantly expand its polysilicon production capacity and output; the reduction in or elimination of government subsidies and economic incentives for solar energy applications; and the Company's ability to lower its production costs. Further information regarding these and other risks is included in the reports or documents the Company has filed with, or furnished to, the Securities and Exchange Commission. All information provided in this press release is as of the date hereof, and the Company undertakes no duty to update such information or any forward-looking statement, except as required under applicable law.

Daqo New Energy Corp.

Unaudited Condensed Consolidated Statement of Operations and Comprehensive Income

(US dollars in thousands, except ADS and per ADS data)




Three months Ended




Mar 31,
2019


Dec 31,
2018


Mar 31,
2018










Revenues    


$81,204


$75,603


$95,644


Cost of revenues


(62,863)


(58,665)


(52,560)


Gross profit


18,341


16,938


43,084


Operating expenses








Selling, general and administrative expenses


(7,935)


(8,240)


(3,753)


Research and development expenses


(1,297)


(970)


(121)


Other operating income, net


70


12,527


32


Total operating (expenses) /income


(9,162)


3,317


(3,842)


Income from operations


9,179


20,255


39,242


Interest expense


(2,021)


(1,891)


(3,663)


Interest income


324


441


144


Foreign exchange loss


(189)


(102)


(3)


Income before income taxes


7,293


18,703


35,720


Income tax expense


(1,429)


(1,563)


(5,864)


Net income from continuing operations


5,864


17,140


29,856


Income/(loss) from discontinued operations, net of tax


 

778


 

(5,693)


 

2,117


Net income


6,642


11,447


31,973


Net income attributable to non-controlling interest


-


66


339


Net income attributable to Daqo New Energy Corp.
     shareholders


$6,642


$11,381


$31,634










Net income


6,642


11,447


31,973


Other comprehensive income:








Foreign currency translation adjustments


13,014


935


14,826


Total other comprehensive income


13,014


935


14,826


Comprehensive income


19,656


12,382


46,799


Comprehensive income attributable to non-controlling
     interest


-


69


446


Comprehensive income attributable to Daqo New Energy
     Corp. shareholders


$19,656


$12,313


$46,353










Earnings/(loss) per ADS








-Continuing operations


0.44


1.29


2.71


  -Discontinued operations


0.06


(0.43)


0.20


 Basic


0.50


0.86


2.91










-Continuing operations


0.42


1.27


2.60


  -Discontinued operations


0.06


(0.42)


0.19


 Diluted


0.48


0.85


2.79


Weighted average ADS outstanding








Basic


13,360,729


13,237,220


10,853,166


Diluted


13,749,959


13,455,067


11,341,860


Daqo New Energy Corp.

Unaudited Consolidated Balance Sheets

(US dollars in thousands)




Mar 31, 2019


Dec 31, 2018


Mar 31, 2018










ASSETS:








Current Assets:








Cash and cash equivalents


$65,111


$65,419


$60,791


Restricted cash


48,560


28,609


18,185


Short-term investments


-


21,807


-


Accounts receivable, net


2,204


1,181


12


Notes receivable


714


8,111


45,237


Prepaid expenses and other current assets


9,717


10,336


7,030


Advances to suppliers


2,846


3,328


1,110


Inventories


18,882


15,449


16,045


Amount due from related parties


4,179


815


1,538


Current assets associated with discontinued
     operation


2,748


5,014


19,586


Total current assets


154,961


160,069


169,534


Property, plant and equipment, net


686,056


611,616


508,341


Prepaid land use right


22,669


22,249


24,818


Deferred tax assets


842


821


740


Investment in an affiliate


666


650


712


Non-current asset associated with discontinued
     operation


58,868


59,524


95,285


TOTAL ASSETS


924,062


854,929


799,430










Current liabilities:








Short-term borrowings, including current portion
     of long-term borrowings


43,210


38,206


82,872


Accounts payable


9,926


9,195


19,949


Notes payable


66,322


29,209


26,232


Advances from customers - short term portion


9,658


10,214


9,662


Payables for purchases of property, plant and
     equipment


25,085


27,221


15,766


Accrued expenses and other current liabilities


9,330


9,418


12,318


Amount due to related parties


2,143


2,260


1,684


Income tax payable


6,293


5,455


11,650


Current liabilities associated with discontinued
     operation


7,591


18,676


43,891


Total current liabilities


179,558


149,854


224,024


Long-term borrowings


149,744


133,312


106,766


Advance from customers - long term portion


5,364


7,269


-


Amount due to related parties - long term
     portion


16,390


15,992


-


Other long-term liabilities


21,848


21,463


24,004


Deferred tax liabilities


1,174


1,185


-


Non-current liabilities associated with
     discontinued operation


721


723


2,451


TOTAL LIABILITIES


374,799


329,798


357,245










EQUITY:








Ordinary shares


34


33


27


Treasury stock


(1,749)


(1,749)


(1,749)


Additional paid-in capital


373,156


368,681


247,935


Retained earnings


178,040


171,398


164,907


Accumulated other comprehensive
     (loss)/income


(218)


(13,232)


27,826


Total Daqo New Energy Corp.'s shareholders'
     equity


549,263


525,131


438,946


Non-controlling interest


-


-


3,239


Total equity


549,263


525,131


442,185


TOTAL LIABILITIES & EQUITY


924,062


854,929


799,430


Daqo New Energy Corp.

Unaudited Consolidated Statements of Cash Flows

(US dollars in thousands)



For the three months ended



Mar 31, 2019


Mar 31, 2018


Operating Activities:





Net income

$6,642


$31,973


Less: Income from discontinued operations, net of tax

778


2,117


Net income from continuing operations

5,864


29,856


Adjustments to reconcile net income to net cash provided by
     operating activities:





   Share-based compensation

4,474


859


   Depreciation of property, plant and equipment

8,698


3,040







      Changes in operating assets and liabilities:





   Accounts receivable                               

(989)


705


   Notes receivable

7,556


(23,384)


   Prepaid expenses and other current assets

872


(197)


   Advances to suppliers

562


517


   Inventories

(3,031)


213


   Amount due from related parties

-


(464)


   Prepaid land use rights

133


141


   Accounts payable

499


(72)


   Notes payable

21,850


2,212


   Accrued expenses and other current liabilities

(320)


1,084


   Income tax payable

698


(2,000)


   Advances from customers

(2,880)


(7,222)


   Amount due to related parties

(16)


(5)


   Deferred tax liabilities

(40)


-


   Deferred government subsidies   

(148)


(157)


Net cash provided by operating activities-continuing operations

43,782


5,126


Net cash provided by operating activities-discontinued operations

4,699


16,839


Net cash provided by operating activities

48,481


21,965







Investing activities:





Purchases of property, plant and equipment

(57,462)


(7,356)


Purchases of land use right

(4,271)


-


Repayment of short-term investment

22,224


-


Proceeds from disposal of investment

642


-


Net cash used in investing activities-continuing operations

(38,867)


(7,356)


Net cash provided by/(used in) investing activities-discontinued
     operations

232


(4,476)


Net cash used in investing activities

(38,635)


(11,832)







Financing activities:





Proceeds from related parties loans

1,482


-


Proceeds from bank borrowings

51,856


2,359


Repayment of bank borrowings

(34,788)


(4,718)


Cash received from exercise of options

-


104


Net cash provided by/(used in) financing activities - continuing
    
operations

18,550


(2,255)


Net cash used in financing activities – discontinued operations

(11,382)


(173)


Net cash provided by/(used in) financing activities

7,168


(2,428)







Effect of exchange rate changes

2,429


2,606


Net increase in cash, cash equivalents and restricted cash

19,443


10,311


Cash, cash equivalents and restricted cash at the beginning of the
     period

95,120


72,667


Cash, cash equivalents and restricted cash at the end of the period

114,563


82,978


The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within
the statement of financial position that sum to the total of the same such amounts shown in the statement of cash flows.




Mar 31, 2019


Mar 31, 2018

Cash and cash equivalents


65,999


62,386

Restricted cash


48,564


20,592

Total cash, cash equivalents, and restricted cash shown in the 
statement of cash flows


114,563


82,978

Daqo New Energy Corp.

Reconciliation of non-GAAP financial measures to comparable US GAAP measures

(US dollars in thousands)



Three months Ended



Mar. 31, 2019


Dec. 31, 2018


Mar. 31, 2018


Net income from continuing operations


5,864


17,140


29,856


Income tax expense


1,429


1,563


5,864


Interest expense


2,021


1,891


3,663


Interest income


(324)


(441)


(144)


Depreciation & amortization


11,010


9,386


9,349


EBITDA (non-GAAP)


20,000


29,539


48,588


EBIDTA margin (non-GAAP)


24.6%


39.1%


50.8%





Three months Ended



Mar. 31, 2019


Dec. 31, 2018


Mar. 31, 2018


Net income attributable to Daqo New Energy
     Corp. shareholders


6,642


11,381


31,634


Share-based compensation


4,474


4,278


859


Costs related to the Chongqing polysilicon 
     operations


-


-


389


Adjusted net income (non-GAAP)
     attributable to Daqo New Energy Corp.
     shareholders


11,116


15,659


32,882


Adjusted earnings per basic ADS (non-
     GAAP)


 

$0.83


 

$1.18


 

$3.03


Adjusted earnings per diluted ADS (non-
     GAAP)


$0.81


$1.16


$2.90


For further information, please contact:

Daqo New Energy Corp.
Investor Relations Department
Phone: +86-187-1658-5553
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Christensen

In China
Mr. Christian Arnell
Phone: +86-10- 5900-1548
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

In US
Mr. Tip Fleming
Phone: +1-917-412-3333
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

For more information about Daqo New Energy, please visit http://daqo.gotoip1.com/

SOURCE Daqo New Energy Corp.

Related Links

www.dqsolar.com

Read more: Daqo New Energy Announces Unaudited First...

Antonio Mexia, EDP CEO and Chairman of EDPR and Isabelle Kocher, ENGIE CEO, announce today the signing of a strategic Memorandum of Understanding (MoU), to create a co-controlled 50/50 joint-venture (JV) in fixed and floating offshore wind. The new entity will be the exclusive vehicle of investment of EDP, through its subsidiary EDP Renewables (EDPR), and ENGIE for offshore wind opportunities worldwide and will become a global top-5 player in the field, bringing together the industrial expertise and development capacity of both companies.

Under the terms of the MoU, EDP and ENGIE, will combine their offshore wind assets and project pipeline in the newly-created JV, starting with a total of 1.5 GW under construction and 4.0 GW under development, with the target of reaching 5 to 7 GW of projects in operation or construction and 5 to 10 GW3 under advanced development by 2025.

For EDP and ENGIE, offshore wind energy is becoming an essential part of the global energy transition, leading to the market’s rapid growth and increased competitiveness. The companies believe that creating an entity with greater scale and a fully dedicated team, with global business development reach and strong power purchase agreement origination capabilities, will allow them to grow their asset base more rapidly and to operate more efficiently assuring a stable partnership.

The JV will primarily target markets in Europe, the United States and selected geographies in Asia, where most of the growth is expected to come from. The JV’s ambition is to be self-financed and the projects that will be developed will respect the investment criteria of both companies.

This ambitious alliance follows EDPR and ENGIE’s successful six-year cooperation as consortium partners in the Dieppe Le Tréport and Yeu Noirmoutier fixed offshore wind projects in France and Moray East and Moray West in the UK. EDPR and ENGIE are also partners in 2 floating offshore wind projects in France and Portugal and in the Dunkerque offshore wind tender currently ongoing in France.

Isabelle Kocher, ENGIE CEO, said: “We are delighted to announce this strategic alliance in offshore wind with EDP that we have been partnering with since 2013. The offshore wind sector is set to grow very significantly by 2030. The creation of this JV will enable us to seize market opportunities while increasing our competitiveness on one of our key growth drivers, renewables. This agreement is also fully aligned with ENGIE’s zero-carbon transition strategy.

António Mexia, EDP CEO said: “This agreement for wind offshore represents an important step in EDP’s renewables strategy. We are fully committed with the energy transition and a more sustainable future, as per the ambitious goals communicated in our strategic update. We are confident that this partnership will reinforce our distinctive position in renewables allowing us to accelerate our path in offshore wind, one of the key growth markets in the next decade.”

The execution of the project is subject to the respective social, corporate, legal, regulatory and contractual approval processes. The Group’s’ aim for the JV is to be operational by the end of 2019.

1Corresponding to 100% of projects capacity: Moray East (950MW), Wind Float Atlantic (25MW), SeaMade (487MW)
2Corresponding to 100% of projects capacity: Moray West (800-950MW), Tréport & Noirmoutier (992MW), Leucate (24MW), Mayflower (1500 MW), B&C Wind (400MW), California (100-150MW)
3Corresponding to 100% of project capacity
Read more: EDP and ENGIE join forces to create a leading...

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Renewable Energy & Environmental Finance (REEF) was named bank sector tax equity investor of the year by Power Finance & Risk in the publication’s 16th Annual Deals and Firms of the Year Awards.

“Wells Fargo is proud to be a leader in funding projects that help our country accelerate the transition toward a low-carbon economy,” said Philip Hopkins, co-head of Wells Fargo Renewable Energy & Environmental Finance. “For the past 14 years, Wells Fargo has been a significant contributor to the advancement of U.S. clean energy, deploying billions in financing and tax equity investments to U.S. wind and solar projects. We thank Power Finance & Risk for this honor and value our relationships with dynamic companies that are on the forefront of creating a green energy future.”

Every year since 2003, Power Finance & Risk has polled energy market participants — including heads of project finance; power and utilities groups; senior in-house and private practice lawyers; infrastructure, private equity and credit fund managers; and project developers’ and sponsors’ finance chiefs — to compile its awards recognizing outstanding project sponsors, lead arrangers, investment banks, law firms, institutional investors and individual deals.

Hopkins and Barry Neal have served as co-leads of Wells Fargo’s group — which is part of the bank’s Commercial Capital business — for more than a decade, building the business into one of the largest and most consistent tax-equity investors in the U.S. To date, Wells Fargo has funded more than $7.5 billion in wind and solar projects throughout the U.S. In addition, through its Corporate & Investment Banking business, Wells Fargo provides traditional debt financing, capital markets and advisory services to renewable energy customers.

Between 2012 and 2017, Wells Fargo invested and financed more than $83 billion in renewable energy, clean technology, greener buildings, sustainable agriculture and other environmentally sustainable businesses. In 2018, the company announced it would provide $200 billion in financing to sustainable businesses and projects by 2030, with at least half of the pledged amount going to transactions that directly support the transition to a low-carbon economy, including renewable energy, green bonds and alternative transportation. In the first year of the commitment, Wells Fargo provided $23 billion in sustainable finance, with 63% of that directly supporting the transition to a low-carbon future.

“Wells Fargo’s strong performance on sustainability issues is a point of pride for our company and our team members,” said Mary Wenzel, head of Sustainability and Corporate Responsibility at Wells Fargo. “This award is a wonderful recognition of our efforts to accelerate the transition to a low-carbon economy and embed sustainability throughout our business.”

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,700 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 33 countries and territories to support customers who conduct business in the global economy. With approximately 262,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2018 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Read more: Wells Fargo Named Bank Sector Tax Equity...

DUBLÍN, 21 de mayo de 2019 /PRNewswire/ -- Mainstream Renewable Power ("Mainstream" o "la compañía"), principal proveedor de plantas de energía solar y eólica a nivel global, anunció hoy los resultados auditados para el periodo de 12 meses terminado el 31 de diciembre de 2018 ("el periodo").

Lo más destacado

Finanzas – Año de transformación para la compañía

  • Beneficios record de 487,5 millones de euros (2017: pérdidas de 5,5 millones de euros) tras el éxito en la venta del proyecto de la granja eólica 450 MW Neart na Gaoithe en Escocia para EDF Group
  • Repago de toda la deuda corporativa (73 millones de euros)
  • Instalación de comercio de 90 millones de euros asegurada con DNB Bank ASA y HSBC Bank PLC, que se puede ampliar hasta los 200 millones de euros, sujeta al acuerdo, ofreciendo la libertad de buscar oportunidades de desarrollo a gran escala a nivel global
  • Mainstream sigue la pista para conseguir entre 700 y 800 millones de euros en finanzas de proyectos para 2019
  • La compañía ha vuelto a su estructura de propiedad de valor central, de propiedad privada de su fundador Eddie O'Connor, empleados y una pequeña base de inversores al por menor, tras una recompra de accionistas institucionales en septiembre de 2018

Operaciones – Despliegue sustancial de más megavatios que el resto de desarrolladores independientes

  • Más de 10,5 GW de nuevos proyectos en fase de desarrollo
  • 707 MW bajo construcción
  • 804 MW desplegados en la operación
  • Reconocimiento del Carbon Disclosure Project: Se concede A- (liderazgo)
  • Se estima que se han evitado una cifra neta de 998.340 toneladas métricas de CO2 en 2017
  • Huella ampliada para emparejarse a las ambiciones mundiales – se abren nuevas oficinas en Edimburgo, Colombia, Singapur y Australia

Previsiones – Está previsto que se convierta en un destacado de las renovables a nivel mundial

  • Mainstream se ha posicionado extremadamente bien para impulsar la expansión destacada y crecimiento por medio de sus mercados principales de Asia-Pacífico, Latinoamérica y África, además del sector eólico offshore mundial

Latinoamérica:

  • Ya es el principal desarrollador de energía renovable en Chile, contando con un destacado equipo chileno de 100 miembros
  • Se centra en el despliegue de la plataforma 1.3GW Andes Renovables, que se pondrá en funcionamiento comercial entre 2021 – 2022
  • Está en marcha la construcción de los proyectos Sarco y Aurora en Chile (299 MW) es parte de la sociedad mixta con Actis (Aela Energía) – y sus operaciones comerciales están previstas para la segunda mitad del año 2019
  • La granja eólica 33 MW Cuel lleva cinco años en funcionamiento comercial

Asia-Pacífico:

  • La asociación con el set Phu Cuong Group va a desplegar el principal proyecto eólico de Asia – la granja eólica offshore 800 MW Phu Cuong Soc Trang de Vietnam – cuya primera fase se espera que llegue a un cierre financiero en el año 2020
  • Hay en marcha un Memorando de Entendimiento para desplegar la cifra adicional de 1 GW solar en Vietnam, Camboya y Laos
  • Hay dos granjas eólicas en desarrollo en Filipinas, con una capacidad combinada de 120 MW

Offshore: 

  • Mainstream ha establecido su Centro de Excelencia Offshore en Edimburgo
  • Se buscan proyectos de forma activa en Reino Unido, La India, Vietnam y Estados Unidos

África:

  • Cifra adicional de 408 MW de proyectos bajo construcción; 250 MW de ellos construidos por Mainstream en Sudáfrica y una cifra adicional de 158 MW bajo construcción en Senegal
  • La plataforma Lekela Power (una sociedad mixta junto a Actis) cuenta con proyectos adicionales en Egipto (250 MW con un acuerdo de compra de energía) y Ghana (150 MW)

Andy Kinsella, consejero delegado del grupo de Mainstream, destacó: "Mainstream se ha posicionado para convertirse en uno de los destacados a nivel mundial dentro de las energías renovables al tiempo que se acelera la transferencia de capital, pasando de los combustibles fósiles a la energía sostenible". 

"Tras un año de transformación en el que hemos completado con éxito la venta de nuestra granja eólica en Escocia, ya contamos con una hoja de cuentas robusta, y no tenemos restricciones en nuestras ambiciones para ayudar a hacer crecer el desarrollo de las economías por medio del despliegue de la capacidad de energías renovables".

"Estamos listos para embarcarnos en una expansión significante en nuestros mercados principales de Asia-Pacífico, Latinoamérica y África, además de volver al sector eólico de tipo offshore de Reino Unido, donde anteriormente hemos desplegado 3,45GW de energía eólica offshore".

"La vuelta a nuestra estructura de propiedad principal indica que estamos listos para desplegar un crecimiento de material y sus retornos para los accionistas en la próxima década".

Acerca de Mainstream Renewable Power

Mainstream Renewable Power es el desarrollador más experimentado de plantas de energía solar y eólicas de servicios públicos a nivel mundial.

La compañía se dedica a ofrecer una cartera de alta calidad de más de 10,5 GW de activos eólicos y solares a lo largo y ancho de Latinoamérica, África y Asia-Pacífico.

A nivel mundial, Mainstream ha desplegado más de 800 MW de activos solares y eólicos dentro de las operaciones comerciales, y actualmente está construyendo 707 MW en Latinoamérica y África.

En Chile, Mainstream posee 1,3 GW en proyectos eólicos y solares en contratación total que van a llegar a un funcionamiento comercial en el año 2021.

Mainstream es líder mundial en el desarrollo de plantas eólicas de tipo offshore. Ha conseguid el éxito en el desarrollo de 4,5 GW de proyectos eólicos offshore en Reino Unido, que abarcan desde el concepto inicial hasta el consentimiento y la fase de preparación para construcción. Esta incluye la granja eólica offshore más grande del mundo; los proyectos Hornsea 1 y Hornsea 2, que actualmente se están construyendo en Reino Unido.

El proyecto eólico de tipo offshore Phu Cuong Soc Trang 800 MW de Mainstream es el desarrollo de energía renovable más grande del Sureste de Asia, al tiempo que la compañía ha pre-cualificado recientemente una licitación para el primer desarrollo eólico offshore de La India, la licitación eólica de tipo offshore Gujarat 1.000 MW. La compañía cuenta además con dos granjas eólicas en desarrollo en Filipinas.

Hasta el momento, Mainstream ha recaudado más de 1.800 millones de euros en financiamiento para proyectos y da empleo a 200 personas en cuatro continentes.

www.mainstreamrp.com

Contacto:

Emmet Curley, responsable de comunicaciones y posicionamiento
Teléfono: +353-86-2411-690 
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Jack Holden, FTI Consulting
Teléfono: +44(0)20-3727-1200
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Related Links

https://www.mainstreamrp.com/

SOURCE Mainstream Renewable Power

Read more: Mainstream Renewable Power: Resultados...

TURLOCK, Calif., May 21, 2019 /PRNewswire/ -- Considering last week's report from the United Nations, the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES), Gemperle Family Farms is expanding their philanthropic giving in the areas of preservation of natural ecosystems and the diversity of plant and animal species.

"Sustainable Farming at Gemperle Family Farms"
"Sustainable Farming at Gemperle Family Farms"

"After we read portions of the report we decided as a family business that we needed to do something," said Heidi Gemperle, a Seattle veterinarian and longtime advocate for land and animal habitat conservation. "We felt that we needed to do more to preserve our Earth's ecosystem for future generations."  The United Nations report concluded that up to 1 million species (about 25%) are threatened with extinction within decades, over 40% of amphibian species threatened with extinction, over 33% of marine mammals threatened with extinction. Loss of pollinator insects alone may result in a US$235 to US$577 billion of global crop loss.

Gemperle Family Farms is calling on all businesses to join forces in the preservation of our ecosystem and its vital contributions to the world population. "If every business does a small part, we can become a web of action and change," stated Gemperle. "There is a network of awe-inspiring nonprofits on the ground doing sound science and community-based projects. The easiest way to create change is to fund these organizations so they can continue their work. That's why we started the #PreserveNatureDonations challenge."

This year Gemperle Family Farms has chosen two organizations, Dian Fossey Gorilla Fund International and the Xerces Society for Invertebrate Conservation for sizable donations. "We are calling on all businesses and individuals to join the #PreserveNatureDonations challenge," stated Gemperle. "Let's start the conversation and move everyone to action in supporting organizations committed to improving the Earth's environment for future generations."

Inspired by his time in Africa while serving in the Peace Corp, Mike Gemperle, VP of Gemperle Family Farms saw firsthand how illegal poaching and degradation of environments has decimated many animal species in Africa. "I feel that there is so much more to do in this world when it comes to animal welfare and species preservation. Species like the mountain gorillas in Rwanda and Congo are near extinction because of systematic abuse and mistreatment that occurs." Gemperle Farms feels that it is important to fund projects around the world that work with the local indigenous communities, so this year they chose to donate to the Dian Fossey Gorilla Fund International.

Gemperle Family Farms lives and breathes animal welfare and ecosystem preservation daily.

"We are always looking at best science-based practices for reducing our carbon and water footprint, as well as lowering energy use in our barns" stated Mike Gemperle. "In our orchard division, we practice sustainable farming methods such as micro sprinklers to reduce water use, all-natural fertilizer and planting cover crops and pollinator habitat to enhance bee population health. We have also invested in renewable energy solar projects to reduce our carbon footprint. We do what we can on our local farms, however, as a family we feel compelled to expand our efforts to worldwide causes."

The Gemperle Family feels it is important to support the conservation of pollinators, and other invertebrates which are considered essential to biological diversity and an ecosystem's health. Therefore, a second donation was made to the Xerces Society for Invertebrate Conservation.

Gemperle Farms encourages all businesses large and small to join the nature preservation conversation.

"It's easy to join the movement," said Heidi Gemperle. "Simply donate to an environmental oriented organization that inspires you.  Then share your story via social media and use the hashtag #PreserveNatureDonations. If you don't know where to start, visit Charity Navigator to find a charity that resonates with you and your beliefs."

We can all help grow the web of action and inspire other businesses to do their part to protect nature for current and future generations. Gemperle Family Farms challenges you to become part of the conversation and help create change.

Contact
Susan Gemperle Abdo
This email address is being protected from spambots. You need JavaScript enabled to view it.
208-484-7375

SOURCE Gemperle Family Farms

Read more: Gemperle Family Farms Expands Charitable Giving...

AUSTIN, Texas, May 21, 2019 /PRNewswire/ -- Interplay Learning, the leading provider of online training for skilled trades utilizing virtual reality (VR) and 3D simulations, today announced it completed a $5.5 million Series A round of financing. S3 Ventures led the investment round with participation from Shasta Ventures, Sierra Ventures, Holt Ventures, Wild Basin Investments, and Shelter Capital Partners. Charlie Plauche, Partner with S3 Ventures, will join its Board of Directors. The round will support onboarding talent in its Austin offices and customer success team, while aggressively accelerating expansion into new markets and developing new platform features.

The Series A financing builds on a year of explosive growth for the firm, including:

  • 40% month-over-month growth of SaaS platform users ranging from SMB to Enterprise customers
  • Acquiring three major HVAC manufacturers for customers, including the largest HVAC distribution company globally
  • Its first international license deal
  • On track for 400% growth in 2019
  • Plans to penetrate four new industries
  • Former Pixar senior engineer joins firm enabling their R&D team to build a breakthrough 3D/VR training platform

"Interplay's platform, coupled with on-the-job training, has quickly become the foundation for our internal training program," said Robyn Hass, Chief Financial Officer of Core Mechanical. "The content really engages our junior technicians, so they actually use it and can see a clear path on how to grow their technical skills. This means we can hire for attitude and train for skill."

Interplay Learning develops and delivers scalable and effective training for the mechanical, electrical and industrial workforce using VR and 3D simulation. Its catalog includes dozens of interactive video courses by top industry experts and state-of-the-art 3D troubleshooting simulations. Course materials are accessible by desktop, laptop or VR-headset and provide an immersive learning experience for engagement and field-like experience. It delivers cost-effective HVAC NATE CEU hours and Solar NABCEP CEU hours. The subscription-based solution offers monthly and annually pricing.

About Interplay Learning
Austin, Texas-based Interplay offers both off-the-shelf and custom solutions to solve difficult workforce training challenges. The software company has developed expertise over the last 8 years in simulation training in the HVAC, Electrical, Energy Auditing, Solar Install, Manufacturing, and Construction Codes industries. It was named to the latest Inc. 5000 list. Media images available at https://www.interplaylearning.com/press-room.

About S3 Ventures
Austin, Texas-based S3 Ventures is an early, expansion and growth stage venture firm with $500 million under management. S3 is focused on information technology solutions that solve large business problems. S3 also invest in medical devices that improve the human condition. S3 partners with each investment and helps focus methodically on what it takes to build a successful company. Visit http://www.s3vc.com/ for more information.

Media Contact
Ria Romano
RPR Public Relations, Inc.
786-290-6413

SOURCE Interplay Learning

Related Links

https://www.interplaylearning.com

Read more: Interplay Learning Secures $5.5 Million Series A...

DUBLIN, 21. Mai 2019 /PRNewswire/ -- Mainstream Renewable Power ("Mainstream" oder das "Unternehmen"), der weltweit führende Entwickler von Wind- und Solarkraftwerken, gibt heute seine geprüften Ergebnisse für den Zwölfmonatszeitraum zum 31. Dezember 2018 ("den Zeitraum") bekannt.

Highlights

Finanzielle Highlights – Ein transformatives Jahr für das Unternehmen

  • Rekordgewinn von 487,5 Mio. EUR (2017: Verlust von 5,5 Mio. EUR ) nach erfolgreichem Verkauf des 450 MW Windparkprojekts Neart na Gaoithe in Schottland an die EDF-Gruppe
  • Rückzahlung aller Unternehmensschulden (73 Mio. EUR)
  • 90 Mio. EUR Handelsfazilität gesichert mit der DNB Bank ASA und der HSBC Bank PLC, die vorbehaltlich der Vereinbarung auf 200 Mio. EUR erweiterbar ist und die Freiheit bietet, große Entwicklungsmöglichkeiten weltweit zu verfolgen
  • Mainstream auf Kurs, um weitere 700-800 Mio. EUR Projektfinanzierung im Jahr 2019 zu erhalten
  • Nach einem Rückkauf durch institutionelle Investoren im September 2018 kehrte das Unternehmen zu seiner Kernkapitalstruktur zurück, die sich im Privatbesitz des Gründers Eddie O'Connor, seiner Mitarbeiter und einer kleinen Privatanlegergruppe befindet

Operative Highlights – Nachhaltig mehr Megawatt geliefert als jeder andere unabhängige Entwickler

  • Mehr als 10,5 GW an neuen Projekten in der Entwicklung
  • 707 MW im Bau
  • 804 MW in Betrieb genommen
  • Anerkennung des Carbon Disclosure Project: Ausgezeichnet mit A- (Leadership)
  • Geschätzte Netto 998.340 Tonnen CO2 wurden im Jahr 2017 vermieden
  • Erweiterung der Präsenz, um den globalen Ambitionen gerecht zu werden - neue Büros in Edinburgh, Kolumbien, Singapur und Australien eröffnet

Perspektive - Auf dem Weg zu einem globalen Großkonzern für erneuerbare Energien

  • Mainstream ist sehr gut positioniert, um eine drastische Expansion und ein Wachstum in seinen Kernmärkten Asien-Pazifik, Lateinamerika und Afrika sowie im globalen Offshore-Windsektor zu fördern

Lateinamerika: 

  • Bereits der größte Entwickler von erneuerbaren Energien in Chile mit einem 100-köpfigen chilenischen Team
  • Fokussiert auf die Bereitstellung der 1.3 GW Andes Renovables Plattform für den kommerziellen Betrieb zwischen 2021 und 2022
  • Bau der Projekte Sarco und Aurora in Chile (299 MW) im Rahmen des Joint Ventures mit Actis (Aela Energía) im Gange - wirtschaftlicher Betrieb bis H2 2019 erwartet
  • Der 33 MW Windpark Cuel ist seit fünf Jahren im kommerziellen Betrieb

Asien-Pazifik-Raum: 

  • Partnerschaft mit der Phu Cuong Gruppe zur Realisierung von Asiens größtem Windprojekt - dem 800 MW Offshore-Windpark Phu Cuong Soc Trang in Vietnam - erste Phase voraussichtlich bis 2020 abgeschlossen
  • Memorandum of Understanding zur Lieferung von zusätzlich 1 GW Solarstrom in Vietnam, Kambodscha und Laos abgeschlossen
  • Zwei Windparks in der Entwicklung auf den Philippinen mit einer Gesamtleistung von 120 MW

Offshore: 

  • Mainstream hat sein Offshore Centre of Excellence in Edinburgh gegründet
  • Aktive verfolgte Projekte in Großbritannien, Indien, Vietnam und den USA 

Afrika: 

  • Weitere 408 MW an Projekten im Bau; 250 MW davon baut Mainstream in Südafrika und weitere 158 MW im Bau im Senegal
  • Die Lekela Power-Plattform (ein Joint Venture mit Actis) hat weitere Projekte in Ägypten (250 MW mit Power Purchase Agreement) und Ghana (150 MW)

Andy Kinsella, Group Chief Executive von Mainstream, sagte: "Mainstream ist positioniert, um einer der neuen großen Majors für erneuerbare Energien zu werden, da der Kapitaltransfer von fossilen Brennstoffen zu nachhaltigen Energien immer schneller wird. 

Nach einem Jahr der Transformation, in dem wir den Verkauf unseres Offshore-Windparks in Schottland erfolgreich abgeschlossen haben, verfügen wir nun über eine solide Bilanz und sind uneingeschränkt bestrebt, die Entwicklung der Wachstumsökonomien durch die Bereitstellung von Kapazitäten für erneuerbare Energien zu unterstützen.

Wir sind bereit, eine deutliche Expansion in unseren Kernmärkten Asien-Pazifik, Lateinamerika und Afrika einzuleiten und in den britischen Offshore-Windbereich zurückzukehren, wo wir bisher 3,45 GW Offshore-Wind geliefert haben.

Die Rückkehr zu unserer Kernbeteiligungsstruktur bedeutet, dass wir in den nächsten zehn Jahren ein erhebliches Wachstum und Renditen für die Aktionäre erzielen werden."

Informationen zu Mainstream Renewable Power

Mainstream Renewable Power ist der weltweit führende Bauträger von Windenergie- und Solarkraftwerken in wachstumsstarken Märkten im Hochleistungsbereich.  

Das Unternehmen konzentriert sich darauf, ein hochwertiges Portfolio im Umfang von mehr als 10,5 Gigawatt durch Wind- und Solaranlagen in Lateinamerika, Afrika und im asiatisch-pazifischen Raum bereitzustellen.

Weltweit hat das Unternehmen Wind- und Solaranlagen, die mehr als 800 MW produzieren, in den kommerziellen Betrieb gebracht und baut derzeit weitere Anlagen für 707 MW.

In Chile besitzt Mainstream vollständig von Auftragnehmern geführte Wind- und Solaranlagen, die 1,3 GW Strom produzieren und ab 2021 in den kommerziellen Betrieb gehen sollen.

Mainstream ist weltweit führend in der Entwicklung von Offshore-Windparks. In Großbritannien hat das Unternehmen 4,5 GW Offshore-Windprojekte vom ersten Konzept über die Genehmigung bis zur baureifen Phase erfolgreich entwickelt. Dazu gehören der weltweit größte Offshore-Windpark, die Projekte Hornsea 1 und Hornsea 2, die derzeit in Großbritannien gebaut werden.

Das 800-MW-Offshore-Windprojekt Phu Cuong Soc Trang von Mainstream ist das größte Projekt erneuerbarer Energien in Südostasien, während das Unternehmen kürzlich auch für das erste Offshore-Windenergieprojekt Indiens, den 1.000-MW-Offshore-Windtender Gujarat, vorqualifiziert wurde. Darüber hinaus hat das Unternehmen zwei Windparks auf den Philippinen in der Entwicklung.

Mainstream hat bisher Projektfinanzierungen von mehr als 1,8 Milliarden Euro erlangt und beschäftigt 200 Mitarbeiter auf vier Kontinenten.

www.mainstreamrp.com

Pressekontakt:

Emmet Curley, Head of Communications & Positioning
Tel: +353-86-2411-690
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Jack Holden, FTI Consulting
Tel:  +44(+44) 020-3727
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Related Links

https://www.mainstreamrp.com/

SOURCE Mainstream Renewable Power

Read more: Mainstream Renewable Power: Geprüfte...

More Articles ...

Subcategories

Advertisement

Translator

Advertisement
Advertisement

SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter Gujarat Largest Rooftop Solar Event is Back in Ahmedabad - https://t.co/hvfKU8siIr
Monday, 20 May 2019 06:35
SolarQuarter How did India solar tenders perform in 2018-19? Here's a snapshot! solarenergy solarnews energy… https://t.co/rEDOp84n27
Wednesday, 15 May 2019 20:12
SolarQuarter Who was awarded the maximum tenders in India in 2018-19? Here's a glimpse @SolarQuarter SolarQuarter… https://t.co/jUdsZVJ5VU
Wednesday, 15 May 2019 00:29

Advertisement