Friday, November 21, 2014

Trina Solar Receives Carbon Footprint Verification for Solar PV Modules from BSI

CHANGZHOU, CHINA--(eSolareEnergyNews)--  Trina Solar, a global leader in photovoltaic  modules, solutions, and services, today announced it obtained Carbon Footprint Verification for the Company's solar PV modules from the British Standards Institution, a leading international standards and certification body.

The Carbon Footprint Verification, which is based on standards PAS 2050 and ISO 14067, is widely used as a means of quantifying the carbon footprint of a range of goods and services. The Verification involves assessing the carbon footprint at various stages of a product's life cycle, such as the acquisition of raw materials, process activities phase and packaging. The Verification enables organizations to conduct an internal assessment of Greenhouse Gas (GHG) emissions throughout a product's life cycle and helps identify potential cost and energy saving opportunities.

We are pleased to once again receive the Carbon Footprint Verification for our solar PV modules, said Jifan Gao, CEO and Chairman of Trina Solar. "The Verification provides dependable evidence of the environmental benefits of Trina Solar's products and serves as a differentiator for our products. The verification demonstrates Trina Solar's active commitment to sustainable development and a low carbon economy and recognizes our efforts to reduce the impacts of solar products on the environment. Our focus remains on further refining our product manufacturing processes and driving reductions in carbon emissions wherever possible."

About Trina Solar Limited

Trina Solar Limited (NYSE: TSL) is a global leader in photovoltaic modules, solutions and services. Founded in 1997 as a PV system integrator, Trina Solar today drives smart energy together with installers, distributors, utilities and developers worldwide. The company's industry-shaping position is based on innovation excellence, superior product quality, vertically integrated capabilities and environmental stewardship. For more information, please visit www.trinasolar.com.

About BSI

BSI (British Standards Institution) is a global organization that equips businesses with the necessary solutions to turn standards of best practice into habits of excellence. Formed in 1901, BSI was the world's first National Standards Body and a founding member of the International Organization for Standardization (ISO). Over a century later it continues to facilitate business improvement across the globe by helping its clients drive performance, reduce risk and grow sustainably through the adoption of international management systems standards, many of which BSI originated. Famed for its marks of excellence including the instantly recognizable Kitemark®, BSI's influence spans multiple sectors including aerospace, construction, energy, engineering, finance, healthcare, IT and retail. With over 64,000 clients in 147 countries, BSI is an organization whose standards inspire excellence across the globe. For further information visit: http://www.bsigroup.com

Walmart Builds on Leadership of Commercial Solar Deployment and Expands On-Site Solar Energy Projects

BENTONVILLE, AR.--(eSolarEnergyNews)--Walmart today announced the company will install up to 400 new solar projects at facilities across the nation over the next four years. This advances the company’s global commitment to drive the production or procurement of seven billion kWh of renewable energy by the end of 2020 and its goal to be supplied by 100 percent renewable energy. To facilitate these installations, Walmart selected proposals from two preferred solar energy providers, SolarCity and SunEdison, following an RFP process.

“We are pleased to announce this expansion on the heels of the Solar Energy Industries Association’s commercial solar report, which recognizes Walmart as having the most installed solar capacity in the U.S.,” said Pam Kohn, executive vice president at Walmart and president of Walmart Realty.

Working with numerous solar providers, Walmart has installed approximately 260 solar projects to date in the United States. Walmart’s commercial solar deployment is now 105 MW, more than double the capacity of the next largest business. This has saved more than $5 million in energy expenses, demonstrating that Walmart can keep costs low for customers while reducing environmental impact.

“This is the beginning of the next wave in renewable energy for Walmart, an effort we announced in May when we welcomed President Obama to our Mountain View California store,” said Kim Saylors-Laster, vice president of energy at Walmart. “These projects bring us closer to fulfilling our commitment to double the number of on-site solar energy projects in U.S. stores, Sam’s Clubs and distribution centers—thereby reducing our energy expenses and generating clean energy in local communities.”

The installations will vary in size, commensurate with the respective store or facility. It is expected that smaller systems will provide 10 to 20 percent of the facility’s electricity requirements and larger systems will provide 20 to 30 percent of the power needed by the facility.

“SunEdison is one of Walmart’s earliest solar providers with projects dating back to 2007,” said Katherine Jennrich, senior manager of energy services at Walmart. “And, SolarCity has been Walmart’s largest solar provider, installing more than 200 projects together since 2010. We are excited to expand our work with both providers.”

Thursday, November 20, 2014

Ascent Solar Closes on $35 Million Financing

THORNTON, CO --(eSolarEnergyNews)--Ascent Solar, a manufacturer of state-of-the-art, flexible thin-film photovoltaic modules, integrated into the Company’s new EnerPlex™ series of consumer products, announced today the closing of its previously announced $35 million financing.

At closing, the Company issued (i) $32 million principal amount of senior secured convertible notes, (ii) $3 million of Series D convertible preferred stock and (iii) warrants to purchase shares of its common stock. At closing, Ascent received unrestricted access to $4.5 million, while the remaining $30.5 million of gross proceeds have been deposited into a restricted control account of the Company. Once stockholder approval for the share issuances relating to the financing is obtained and the Company’s resale registration statement is declared effective, the Company will receive an additional $2.5 million of unrestricted gross proceeds from the control account. The Company will receive an additional $6.0 million of unrestricted gross proceeds from the control account 75 days after receiving the installment of $2.5 million. Thereafter, the remaining gross proceeds of $22 million will be released for the Company’s use in $6.0 million installments every 90 days.

Ascent intends to use the proceeds of the offering to fund the continued operations and expansion of its retail channels for its EnerPlex products in the US, Europe and Asia, brand building, as well as the launch of additional EnerPlex products.

Wednesday, November 19, 2014

Ford and SunPower Welcome Sierra Club as Newest Partner of National Drive Green for Life Program

SAN JOSE, CA --(eSolarEnergyNews)-- The Sierra Club is joining Ford Motor Company and SunPower's  Drive Green for Life program to help more Americans move toward emissions-free driving.

Drive Green for Life offers Ford customers who own electrified plug-in vehicles, including Focus Electric, C-MAX Energi Plug-In Hybrid and Fusion Energi Plug-In Hybrid, a $750 rebate on a SunPower residential solar system to generate clean, solar energy for the home and for electric vehicle charging. Also eligible are the C-MAX Hybrid and Fusion Hybrid. As Drive Green for Life's newest partner, the Sierra Club will receive a $500 donation from SunPower for each rooftop solar system installed through the program.

"As an electric vehicle owner with solar panels on my home, I can personally attest to the incredible freedom and financial savings that come from being able to power our family's car while lessening our carbon footprint," said Jesse Simons, Sierra Club Chief of Staff. "At the Sierra Club, we want to bring clean energy prosperity to all Americans, and our new collaboration with Ford and SunPower on Drive Green for Life will help many more individuals benefit from a switch to clean, healthy solutions."

In 2011, the Sierra Club launched its electric vehicle initiative advocating ways to reduce oil use and greenhouse gas emissions. The Sierra Club also conducts public education to promote electric vehicles, including through the annual National Drive Electric Week and its interactive online EV Guide. Through the Drive Green for Life program, electric vehicles that are charged with SunPower systems become forms of mobility with reduced emissions. Participation in the program will help accomplish the Sierra Club's goal of rapid, wide-scale deployment of renewable energy technologies in lieu of fossil fuel-powered electricity. Donations from Drive Green for Life will help support the Sierra Club's programs, such as its advocacy for clean energy solutions, including federal and state programs and policies to get more drivers into plug-in electric vehicles.

New owners or lessees of Ford electrified vehicles will be given information about the Drive Green for Life program by Ford dealers. A SunPower dealer will work with interested customers to design a solar power system for their home and discuss flexible financing options. Each Drive Green for Life customer will receive their rebate and a donation will be made to the Sierra Club once the solar system is installed.

"SunPower is pleased to welcome the Sierra Club, with its rich history of environmental advocacy and conservation successes, to the Drive Green for Life program," said Erin Nelson, SunPower executive vice president and chief marketing officer. "Drive Green for Life continues to help Ford electric vehicle customers generate reliable solar energy from their rooftop with SunPower systems, for use at home and on the road."

SunPower and Ford launched the Drive Green for Life program in 2011 and it is currently open to homeowners in all 50 states. Ford plug-in electric vehicles are available at certified dealerships across the country, and SunPower solar panels can be installed by more than 400 solar installers nationwide.

"Our plug-in customers have taken a big step towards sustainability by driving on electricity and now we are offering them the ability to go further by powering their homes and vehicles with clean, renewable energy," said Mike Tinskey, global director, Vehicle Electrification and Infrastructure for Ford. "We are thrilled to be working with SunPower and the Sierra Club on this forward-thinking program."

Trina Solar Signs 10 MW EPC Turnkey Solutions Agreement with Shamsuna Power in Jordan

CHANGZHOU, CHINA--(eSolarEnergyNews)--  Trina Solar today announced that it has entered into an agreement for the design, build and operation and maintenance of the 10 MW Shamsuna Solar Project in Aqaba, Jordan with Shamsuna Power Company ("Shamsuna Power").

Foursan Capital Partners will hold a 85% stake and Shamasuna Power will hold a 15% stake in the project, respectively. The project is being financed by International Finance Corporation ("IFC") and a small syndicate of lenders. Construction of the project is scheduled to commence in December 2014 with completion and grid connection expected in the second quarter of 2015. Once the plant is completed, Trina Solar will provide Operation and Maintenance services on the project based on a 5 year service agreement with a possible 5 year extension upon mutual agreement.

The solar farm, located in the Aqaba Special Economic Zone, southeast of Aqaba, Jordan, will utilize 40,320 of Trina Solar's 250Wp TSM- PC05A modules. Once operational, it will be the largest solar farm in Aqaba, Jordan. All output generated by the project will be sold to Jordan's National Electric Power Company ("NEPCO") under a 20-year Power Purchase Agreement ("PPA") backed by a full sovereign guarantee from the Government of Jordan. The project will generate over 19 GWh of power annually helping to meet the growing demand for electricity in Jordan and reducing carbon emissions by approximately 11,500 tons per year.

"We are delighted to work with Trina Solar to build the largest solar farm in Aqaba, Jordan," said Shadi Haddadin, The Solar Plant manager of Shamsuna. "Trina Solar's global leadership, durable quality modules, as well as its proven track record distinguishes it as the best partner for us to work with. We regard this partnership as a win-win endeavor, and we look forward to continuing our success by working with Trina Solar again in the future."

"We are excited to be part of this groundbreaking project and are proud to have been accepted by IFC as the Engineering, Procurement and Construction ("EPC") provider for this project," said Qi Lin, President of PV Systems Business Unit of Trina Solar. "The project provides us with valuable first-hand experience in operating a solar system in a desert environment, as well as substantial knowledge of local grid companies that will help Trina Solar accelerate its pace of project development in the Middle East. The Jordanian government has introduced new incentives to encourage the development of solar projects throughout the country with the aim of increasing renewable energy contributions to 10% of the country's generation mix by 2020. We look forward to playing a meaningful role in Jordan's efforts to develop its solar sector and to leveraging Trina Solar's global brand, proven track record and technological expertise to rapidly penetrate the broader Middle East market."