Monday, July 27, 2015

ReneSola Signs 30MW Solar Module Sales Agreement

JIASHAN, CHINA--(eSolarEnergyNews)-- ReneSola, a leading brand and technology provider of energy efficient products, today announced it has agreed to provide Cofely Solar Technics, a major player in energy efficiency, with 30 megawatts ("MW") of solar modules, which will be used in a ground-mounted, utility-scale project in Nottinghamshire in the UK.

Under the terms of the agreement, ReneSola's contracted OEMs will deliver 30MW of the Company's high-efficiency 260w Virtus II solar modules produced in Poland for the project between July and September of this year.

"The UK continues to serve as an important market for ReneSola, be it for our self-developed downstream projects or for our solar module supply contracts with buyer partners like Cofely Solar Technics who have their own projects within the country," said Mr. Xianshou Li, ReneSola's chief executive officer. "Regardless of the end-market, our Virtus II modules remain in high demand for their consistent quality and efficiency. We are pleased to enter into this 30MW supply agreement and look forward to future opportunities for collaboration."

Canadian Solar Completes 100 MW Solar Farm in Ontario

GUELPH, ONTARIO --(eSolarEnergyNews)-- Canadian Solar, one of the world's largest solar power companies, today announced that its wholly owned subsidiary, Canadian Solar Solutions Inc., reached substantial completion on its 100 MW AC (133 MW DC) utility-scale Grand Renewable Solar Project ("GRS"). This project, located in the county of Haldimand, consists of approximately 445,000 CS6X MaxPower high-performance Ontario-made modules, and carries the proud distinction of being the largest operational solar farm in the nation. Canadian Solar provided Engineering, Procurement, and Construction ("EPC") services for the Project, which is jointly owned by Samsung Renewable Energy Inc., Connor, Clark & Lunn Infrastructure, and Six Nations of the Grand River.

The environmental and economic benefits from this solar farm are significant. Not only is GRS expected to produce approximately 170,000 MWh of electricity per year, the solar energy will power approximately 17,000 homes and displace approximately 162,000 metric tons of carbon dioxide emissions over the 20-year period of the power purchase agreement with the IESO.  At the peak of construction, approximately 450 local jobs were created, averaging out to about 240 local construction jobs over the building period.

Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, commented, "The completion of this utility-scale solar farm, the largest operational one in Canada, is a culmination of three years of strategic business planning, coordinated efforts, and tenacious work on the part of Canadian Solar.  We are extremely excited to see this project come to fruition, especially given the solar farm's substantial economic and environmental benefits for Canada."

SkyPower Signs $2.2 Billion Agreement to Develop 1 GW of Solar Energy Projects in Kenya

NAIROBI, KENYA--(eSolarEnergyNews) SkyPower, the world's largest developer and owner of utility-scale solar photovoltaic (PV) energy projects, signed a landmark agreement with the Kenyan Ministry of Energy and Petroleum for the development of 1 GW of world-class solar projects to be built in four phases in Kenya over the next five years.

The monumental US $2.2 billion agreement was signed in Nairobi, Kenya at the sixth annual Global Entrepreneurship Summit (GES). Initiated by the U.S. government in 2010, the conference gathers entrepreneurs at all stages of business development, business leaders, mentors and high-level government officials to help increase support for innovators and job creators around the world.

GES 2015 hosted an unprecedented convention of high-level leaders from around the globe, including U.S. President Barack Obama and H.E. Uhuru Kenyatta, President of the Republic of Kenya. SkyPower proudly sponsored the summit as an official Solar Energy Partner.

"Kenya has become an African hub for innovation and entrepreneurship, and SkyPower is proud to contribute to this unprecedented milestone in Kenya's ambitious renewable energy plan," said SkyPower President and Chief Executive Officer Kerry Adler. "SkyPower's solar projects will help Kenya realize its electrification goals, support the development of the country's renewable energy industry and help the development of strong communities, generating a brighter future for all."

"We are very pleased to work with a world-leader in solar energy like SkyPower," said Henry Rotich, Cabinet Secretary of the Kenyan Ministry of Energy and Petroleum. " Sustainable electrification is a central policy issue in Kenya, and we are committed to making this a reality for our citizens, while accelerating economic growth in the process."

"SkyPower's US $2.2 billion investment will create more than 25,000 total job years in Kenya and includes 200 MW of fabrication and assembly facilities, as well as a commitment of US $173 million toward education, training, and research and development," said SkyPower Executive Vice President Charles Cohen.

SkyPower has a long history of working closely with local communities to produce hundreds of millions of kilowatt hours (kWh) of clean electricity every year, while ensuring that those closest to the developments reap the rewards of new jobs, education, skills training and accessible energy.

ABOUT SKYPOWER
www.skypower.com

SkyPower is the largest and one of the most successful developers and owners of utility-scale solar photovoltaic (PV) energy projects in the world. With roots dating back to over a decade, SkyPower's global team possesses a vast track record of over 800 years of combined experience in power and large infrastructure projects.

The experienced and accomplished SkyPower team has built, assembled and acquired an extensive pipeline of over 25 GW worldwide – 6 GW of which was recently announced in bilateral agreements to be built on the continent of Africa over the next five years in both Egypt and Nigeria.

Over the past few years alone, SkyPower has secured over two dozen utility-scale solar PV Power Purchase Agreements (PPA) and Contracts, which in aggregate represent well in excess of
US $80 billion worth of long-term renewable energy sales to leading utilities and governments around the world.

The SkyPower team over the past decade has proudly established long-term strategic partnerships with local, in-country developers. As well, SkyPower has consulted for and advised international leaders and Heads of State in its unprecedented approach to working in unison with these leaders to ensure a brighter future for generations to come. Through its dedicated team members, composed of employees, consultants and advisors working out of 33 international offices, SkyPower develops, finances, owns and operates solar energy projects from the initial stages through commercial operation in more than 60 countries around the world.

SkyPower prides itself on its established relationships with world leading banks and financial institutions, as well as with its global and local suppliers, and the indigenous peoples and communities who work hand in hand with SkyPower with the shared objective of producing hundreds of millions of kWh of clean electricity each and every year.

Thursday, July 23, 2015

SunEdison Signs Largest Open Access Solar PPA with India's Largest Utility

CHENNAI, INDIA--(eSolarEnergyNews)-- SunEdison, the world's largest renewable energy development company, today announced that it has signed a long-term power purchase agreement with Tata Power Delhi Distribution Limited (TPDDL) to provide 180 megawatts (MW) AC of utility-scale solar power for the people of New Delhi. TPDDL is the largest electricity distribution utility in Delhi, and provides power to over 6 million people in India's capital city. This is the largest agreement that SunEdison has signed under the open access solar framework, which allows renewable energy providers to sell energy directly through the national grid to end customers.

"This 180 MW of solar power demonstrates that good things happen when you bring two of India's largest energy brands together," said Pashupathy Gopalan, SunEdison president of Asia-Pacific and Sub-Saharan Africa. "The people of New Delhi will benefit from clean, reliable and affordable energy as a result of this project. This project makes a direct and powerful contribution towards India's goal of generating 100 gigawatts of solar power by 2022."

"Renewable energy is a big focus for TPDDL, and signing this power purchase agreement with SunEdison highlights our commitment," said Praveer Sinha, Tata Power Delhi Distribution's CEO and managing director. "SunEdison is a globally renowned company and we are sure that our partnership will pave the way for a new wave of projects to support India's renewable energy mission."

The solar power plants for this project will be built in Madhya Pradesh and are expected to supply TPDDL with electricity over the next 20 years. The plants are projected to generate 375,000 megawatt-hours a year, and eliminate the emission of approximately 300,000 metric tons of carbon dioxide per year, equivalent to taking more than 54,000 cars off the road.

The operation and maintenance of the solar power plants will be performed by SunEdison Services, which provides 24/7 asset management, monitoring and reporting services.

SunPower to Build 100-Megawatt Solar Power Plant for NV Energy

SAN JOSE, CA--(eSolarEnergyNews)-- SunPower announced today that it has signed a 20-year power purchase agreement with NV Energy to build a 100-megawatt solar photovoltaic (PV) power plant planned for construction in the Eldorado Valley of Boulder City, Nevada.

"Today, power generated from solar plants is cost-competitive with power from traditional, fossil fuel burning plants – and becoming more cost-competitive every day," said Tom Werner, SunPower CEO and president. "Increasingly, utilities are adding solar to their energy mix to ensure their customers are taking advantage of the reliable and emission-free power of the sun. We are pleased to partner again with NV Energy to enable more Nevada homes and businesses to take advantage of the state's abundant solar resource."

The project, called Boulder Solar, is expected to create approximately 200 jobs during construction, which is anticipated to commence before the end of 2015, with commercial operation planned in 2016. Once it is operational, the project is expected to generate enough electricity to serve the needs of more than 15,000 homes, based on estimates provided by the Solar Energy Industries Association.

SunPower acquired the project from KOMIPO America, Inc. earlier this year. KOMIPO America is a wholly-owned subsidiary of Korea Midland Power Co., Ltd and was the original lead developer for the Boulder Solar project. KOMIPO America will participate in the construction and operation of the project. The power purchase agreement with NV Energy is subject to approval from Nevada's Public Utilities Commission. SunPower expects to offer the Boulder Solar project for sale to 8point3 Energy Partners LP (Nasdaq: CAFD), the YieldCo joint venture formed by SunPower and First Solar.

At the site, SunPower plans to design and build a SunPower® Oasis® Power Plant system. Oasis is SunPower's fully integrated, modular solar power block solution for utility-scale solar projects that is designed to optimize land use and engineered for rapid, cost-effective installation.

According to estimates provided by the U.S. Environmental Protection Agency, the completed plant can be expected to offset nearly 192,000 tons of carbon dioxide emissions annually, which is the equivalent of removing more than 740,000 cars from Nevada's roads over the next 20 years.

SunPower has two solar power plants under construction currently in Nevada, bringing jobs and economic opportunity to the state. They include a 15-megawatt plant at Nellis Air Force Base and a 19.9-megawatt plant in Lyon County. A 13.2-megawatt SunPower power plant has been operational at Nellis Air Force Base since 2007.