Tuesday, December 16, 2014

ET Solar Builds a 40 MWp Solar Power Plant in Israel

SAN FRANCISCO, CA--(eSolarEnergyNews)--  ET Solar Energy, a leading smart energy solutions provider, announces that its wholly-owned subsidiary ET Solutions AG has been chosen to provide turnkey EPC service to a 40 MWp PV power plant in Israel along with local partners G-Systems and Elmor.

The project is jointly owned by Arava Power, a pioneering developer of large scale solar installations in Israel, and EDF Energies Nouvelles Israel ("EDF-EN"), one of the world's leading electric utility companies.

Located in Kibbutz Ketura, approximately 45 km north of Eilat, the project is built in a desert land of 600,000 square meters. This new solar power facility is expected to generate over 70,000 megawatt hours of clean and renewable energy each year.

ET Solar provides project management, electrical design and plant layout, purchasing, quality control, construction supervision and commissioning services to this solar power plant. Furthermore, ET Solar will also serve as the maintenance service provider, and Arava Power will offer the operation services.

"This project is our largest solar power plant in the Middle East up to now, it is also an important demonstration of our comprehensive solar energy solutions to effectively deliver clean, affordable and reliable solar energy in local market," Dennis She, President and CEO of ET Solar, commented. "We are delighted to extend and deepen our collaboration with EDF-EN and Arava Power, to make this utility-scale project a reality after completing a 7.8 MWp solar power plant in Israel early this year."

Monday, December 15, 2014

SunEdison To Develop 350 Megawatts Of Solar In Chile - Generates Energy At Lower Cost Than Fossil Fuels Without Subsidies Or Incentives

BELMONT, CA --(eSolarEnergyNews)-- SunEdison, a leading solar technology manufacturer and provider of solar energy services, today announced that the National Energy Commission in Chile has awarded SunEdison a contract to supply 570 gigawatt hours of clean energy a year. To meet the demand, SunEdison will be investing more than $700 million USD to develop 350 megawatts of utility scale solar photovoltaic power plants throughout the country. SunEdison intends to add the plants to the call right list of TerraForm Power, Inc. (Nasdaq: TERP), a global owner and operator of renewable energy power plants.

Electricity generated by SunEdison's solar photovoltaic (PV) power plants is now 10%-25% lower cost – without subsidies or incentives of any kind – than electricity generated by fossil fuels in Chile. The National Energy Commission in Chile recently changed the bidding process used to award electricity supply contracts for the regulated market to create a more level playing field across different kinds of energy. With these changes, SunEdison was able to bid on and win supply contracts for 570 gigawatt hours of solar energy. SunEdison was awarded the provision of 190 gigawatt hours per year during the daytime block which begins in 2016 and a further provision of 380 gigawatt hours per during the daytime block which will become operational in 2017. The solar energy generated through SunEdison's 350 megawatts utility scale projects will be purchased by local energy commercialization companies under 15 year power purchase agreements.

 "This project demonstrates SunEdison's ability to provide innovative energy solutions and compete on equal footing in the Chilean regulated market," stated Jose Perez, president of SunEdison for Europe, Middle East, Africa and Latin America. "Without incentives or subsidies of any kind, solar energy is 10-25% more affordable than imported fossil fuels in Chile. This bid represents a portfolio of strategic projects for SunEdison that will help diversify the energy mix of the Chilean grid and will help resolve the country's energy supply deficit using clean, sustainable renewable energy at competitive electricity prices." Perez added: "This award allows us to continue our steady growth as the leading renewable energy developer in Chile and Latin America."

  "We are proud to partner with SunEdison to make this milestone event in energy provision in Chile a reality, and we're pleased to continue to expand our portfolio of renewable energy assets in high quality energy markets," said Carlos Domenech, president and chief executive officer of TerraForm Power.  "As we acquire these power plants over the next several years, we will adding to our substantial base of facilities with high-quality, long-term power purchase agreements that are not affected by fossil fuel price changes.  Contracts like these demonstrate the cost advantage that solar and wind generation has established over conventional generation in many markets.  Lower oil prices will not reverse this advantage and we expect it to continue to drive rapid growth in the deployment of renewables."

Ascent Solar's EnerPlex™ Brand Launches on BestBuy.com

THORNTON, CO--(eSolarEnergyNews)--Ascent Solar Technologies, a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the company's EnerPlex™ series of consumer products, announced that the company will offer EnerPlex products on BestBuy.com (NASDAQ: BBY) starting today.

“EnerPlex has uniquely positioned ourselves as a premium power solution and green alternative to the outlet; providing power for devices which all consumers use, whether it be phones, tablets, cameras, wearables or other devices,” said Richard Hashim, General Manager of EnerPlex.

EnerPlex has changed the paradigm of solar-integrated consumer electronics, providing consumers with lightweight, powerful and extremely durable charging solutions for all their portable electronics. Surfr™, a line of solar and battery integrated phone cases, allows users to charge their phone anywhere and in cases of emergency. Kickr™, a line of portable solar chargers, provides a charging solution for most USB-enabled devices, enabling power to be generated almost anywhere and in nearly every situation, perfect for emergency preparedness. With the addition of the Jumpr™ line of portable batteries, consumers now have a complete, integrated, solar charging and storage solution for life on the go.

Scottsdale Company Rolls Out Peer-to-Peer Financing for Residential Solar

SCOTTSDALE, AZ --(eSolarEnergyNews)--Arizona homeowners looking to go solar can now leverage the power of peer-to-peer lending to finance their solar systems while helping their neighbors go solar as well.

Scottsdale-based American Solar & Roofing this week launched a special partnership with Mosaic, an Oakland-based company that offers solar financing via the popular peer-to-peer lending platform. A clear departure from traditional financing options through a bank or credit union, Mosaic pools funds from individuals and institutional investors looking to invest in solar projects.

In addition, homeowners needing a solar loan benefit from a simpler lending process with Mosaic’s impressive technology platform that supports rapid credit application processing.

“We love the peer-to-peer lending model for solar,” says American Solar & Roofing President & CEO Joy Seitz. “Providing an easier way for people to save energy is a true win-win, and why our partnership with Mosaic is a real added value to our customers. Also, it’s a perfect time to offer this before the summer bills start to hit.”

“We are excited to be working with American Solar & Roofing, the largest residential installer in Arizona,” says Ken Hutchins, Mosaic’s Director of Sales. “They are great people that we can trust to deliver high quality service to homeowners.”

Mosaic is the latest offering by American Solar & Roofing, only one of a select few Arizona solar companies with an exclusive partnership. With Arizona ranking second only to California in terms of residential solar installations, the new partnership with Mosaic will no doubt motivate even more Arizona homeowners to make the solar switch.

For more information about Mosaic, visit: https://joinmosaic.com.

Tuesday, December 09, 2014

Financing Partnerships Drive North Carolina's Solar Boom

CHAPEL HILL, N.C.--(eSolarEnergyNews)-- Three new utility-scale solar farms have been added to North Carolina's energy mix, propelled by a partnership between Washington, D.C.-based solar investment and financing firm Sol Systems, National Cooperative Bank, and Strata Solar. The projects are located on rural farmland in Erwin, Efland, and Hickory and total 18MW of solar capacity which equals the reduction of automobile travel by approximately 24 million miles.

This second deployment for the partners follows on the heels of another 18.2 MW earlier this year. Sol Systems managed the investment on behalf of an international bank as part of the firm's tax equity initiative to produce secure, sustainable solar investments for banks, insurance companies, utilities, and Fortune 100 clients. Strata Solar developed the project opportunities provided EPC services, and National Cooperative Bank served as the lender in the transactions.

"North Carolina is a robust market for tax structured investments, which have been instrumental in stimulating the state's solar growth," said Dan Yonkin, Director of Tax Equity at Sol Systems. "Equally, in an industry where long-term relationships are essential for keeping transaction costs low, we are vigilant in working with such esteemed partners."

"Reliable, long-term relationships are a key component of success in this industry. Strata Solar chooses partners that are credible and allow us to move our business forward with confidence," said David Scoglio, CFO of Strata Solar.  "Sol Systems and NCB are fine examples of some of the partnerships that help us continue to create great opportunities for business development and investment."

"The solar industry in the United States is booming, and National Cooperative Bank has been committed to supporting this important sector since 2008, having financed over $300 million and 250 Megawatts," said Matthew Wright, Senior Vice President, National Cooperative Bank. "We look forward to working with Strata Solar and Sol Systems in the future."

North Carolina now ranks fourth in the country in terms of installed solar capacity according to the Solar Energy Industries Association. The 2013 Solar Jobs Census counted 3,100 solar jobs in the Tar Heel State, which will likely be even higher for 2014.

The three new arrays will displace about 15 000 tons of carbon dioxide each year, about the same as providing electricity for over 1800 homes for one year.