Solar Finance – Leaf EU http://leaf-eu.org/ Fri, 23 Jul 2021 10:09:45 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://leaf-eu.org/wp-content/uploads/2021/05/leaf-eu-icon-150x150.png Solar Finance – Leaf EU http://leaf-eu.org/ 32 32 Tesla lets California solar customers with Powerwalls feed their energy back into the grid to avoid blackouts http://leaf-eu.org/tesla-lets-california-solar-customers-with-powerwalls-feed-their-energy-back-into-the-grid-to-avoid-blackouts/ Fri, 23 Jul 2021 09:52:31 +0000 http://leaf-eu.org/tesla-lets-california-solar-customers-with-powerwalls-feed-their-energy-back-into-the-grid-to-avoid-blackouts/
  • Tesla said California owners of Powerwall could sign up for its “virtual power plant” beta.
  • Participants will feed the electricity produced by the solar systems in their homes back into the grid.
  • Tesla said he would not make any money from the project. It is designed to avoid blackouts in high demand.
  • See more stories on the Insider business page.

Tesla will let California owners of its Powerwall battery feed electricity back into the grid during times of high energy demand to avoid blackouts in the state.

You’re here announced his plan to create a “virtual power plant” last week, and on Thursday launched a support page for the beta test explaining to Californians how it would work and where they can register.

According to Tesla, attendees who register will receive a push notification on their phone a few hours before a period of high demand. They will receive another notification at the start, but will not have to do anything.

Tesla said it launched the program because it anticipated “potential network emergencies.”

Intense heat waves threatened the stability of power grids in the western United States this summer, and in June, California Governor Gavin Newsom said a statewide emergency. Earlier this month, The Wall Street Journal reported that the California grid operator is asking generators to sell more electricity to the state in an attempt to avoid potential blackouts.

Tesla says he’s not making any money from the program. “Upon launch, the Tesla Virtual Power Plant is a public benefit program to support the California grid, and there is no compensation for Tesla or customers,” the company said, although it added that customers being paid for their energy was a “possibility in the future.”

Read more: Fort Lauderdale asked Elon Musk to build a commuter train tunnel. So how did he end up considering a $ 30 million beach tunnel for Teslas instead?

To be eligible for the program, Powerwall owners must be PG&E, SDG & E, or SCE utility customers.

Tesla has already launched a virtual power plant system in Australia. The Australian project was announced in 2018, with the stated objective of involving 50,000 households within four years. In September 2020, Tesla said nearly 4,000 homes with Powerwalls were plugged into the grid.

Tesla announced in April that it exclusively sells solar systems with its Powerwall battery. Tesla CEO Elon Musk said in a July 13 court appearance that the company was struggling to meet Powerwall demand due to the global shortage of chips.

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Green bonds to boost Nigeria’s alternative solar energy http://leaf-eu.org/green-bonds-to-boost-nigerias-alternative-solar-energy/ Wed, 21 Jul 2021 02:49:48 +0000 http://leaf-eu.org/green-bonds-to-boost-nigerias-alternative-solar-energy/

By Taofik Salako, Deputy Editor-in-Chief of Group Affairs

FMDQ Securities Exchange Limited has listed NSP-SPV PowerCorp Plc’s green bond issuance program as a major step towards long-term financing of the development of Nigeria’s alternative energy system.

NSV-SPV PowerCorp has listed its senior unsecured Series 2 fixed rate Green Bonds at Naira 6.33 billion. The bonds were issued as part of NSV-SPV PowerCorp’s N50 billion bond issuance program.

The net proceeds from the bond issuance will be used to finance the development of the 15 MW pre-phase 1 solar project and transmission evacuation infrastructure for the NSP PowerCorp solar project, further fueling the development of the electricity in Nigeria.

Globally, the green bond market has grown exponentially as companies and governments raise funds in debt capital markets to finance environmentally friendly projects to support the development of their businesses. country.

Speaking on the successful issuance of the bond, Executive Vice President and General Manager of North South Power Company Limited, Olubunmi Peters, said this landmark transaction strengthens the company’s belief and commitment to promote clean energy production in Nigeria.

According to him, the show also demonstrates the growing confidence of investors in the business, management team and long-term strategy of the company.

“We remain committed to opening up opportunities in the electricity and infrastructure sector and promoting a sustainable energy solution for Nigeria,” said Peters.

Stanbic IBTC Capital Limited CEO Mr. Funso Akere said the show reflects the depth and diversity of the capital market.

According to him, the success of the transaction demonstrates investor confidence in North South Power, its industry, its people and its strategic direction.

“Stanbic IBTC Capital Limited is also extremely grateful for having had this opportunity from North South Power to add another successful green bond issue to its stable. Promoting the three pillars of sustainability, namely social equity, economic viability and environmental protection, is one of the pillars of our strategy and core values, as members of the Standard Bank Group Akere said.

The Nigerian Green Bond Market Development Program, which provided technical support to the NSP-SPV PowerCorp Plc Series 2 Green Bond, facilitating critical engagements between the parties to the transaction and selecting technical consultants for verification bond, was launched in 2018., to raise awareness and promote the education necessary to integrate the principles of green finance into the debt capital market, as a partnership between the FMDQ Group, CBI and FSD Africa .

Chairman and CEO, FMDQ Group, Mr. Bola Onadele. Koko said the FMDQ is proud to have supported the NSP-SPV PowerCorp Plc Series 2 Green Bond as part of the Nigerian Green Bond Market Development Program.

He noted that as a local partner of the program, the FMDQ provided support by selecting consultants for the verification and assessment of the credit rating of the green bond, which was executed in a remarkable timeframe. ‘about two weeks.

“This transaction further proves that the program’s efforts to develop a vibrant green bond market are gaining ground as more businesses and local authorities begin to explore green debt financing opportunities to raise capital towards pipelines of eligible projects.

Once again, we congratulate the board and management of North South Power and reiterate our commitment to work with our stakeholders to develop the Nigerian green bond market, ”said Onadele.Koko.

According to him, FMDQ Exchange, being a stock exchange passionate about sustainable development and green finance in Nigeria, has again proven its unwavering commitment in this regard by doing due diligence and using its credible and efficient platform for listing and listing. NSP negotiation. -The green bond of SPV PowerCorp Plc.

“The Exchange will remain steadfast in supporting the development of the Nigerian debt capital market through its highly efficient platform for the registration, listing, listing and trading of securities, providing access to capital for infrastructural development. and sustainable, ”Onadele.Koko mentioned.

FSD Africa Capital Markets Director Dr Evans Osano added that FSD Africa was also proud to have worked with North South Power on this green bond issue in Nigeria.

“The certification of climate bonds implies that the underlying assets of North South Power meet rigorous scientific criteria in accordance with the Paris agreement,” said Osano.

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Sunpro Solar named second largest residential contractor in the United States http://leaf-eu.org/sunpro-solar-named-second-largest-residential-contractor-in-the-united-states/ Tue, 20 Jul 2021 17:32:00 +0000 http://leaf-eu.org/sunpro-solar-named-second-largest-residential-contractor-in-the-united-states/

Recognized by Solar Power World’s 2020 List of Best Solar Contractors, Sunpro Solar Rises to the Top

MANDEVILLE, La., July 20, 2021 / PRNewswire / – Solar energy world recognized the successful installation of Sunpro Solar by ranking the company as the second largest residential solar contractor in the United States. This is the sixth consecutive year that Sunpro Solar has been on the list of the best solar entrepreneurs, climbing three places since last year.

The list of the best solar entrepreneurs is drawn up each year by Solar energy world honor the work of the 500 best solar installers of United States. Solar companies in the utility, commercial and residential markets are ranked based on the number of kilowatts installed in the previous year. Companies are grouped and listed by specific department, market, and state.

Sunpro Solar installed 94,959 kilowatts of solar power in 2020. Since 2008, Sunpro Solar has offered affordable electricity options and energy independence to homeowners across the country. They have installed more than 189 megawatts of solar power in total for more than 25,000 satisfied customers since its founding.

“It is moving to see how much Sunpro Solar has grown since its inception in Louisiana to now provide clean solar power to tens of thousands of families across the country, ”said Marc Jones, founder and CEO of Sunpro Solar. “Our continued growth and success is no doubt attributed to the passionate and dedicated employees and operations teams who work tirelessly to provide great experiences for our customers. As we grow, our commitment to making a difference in the communities we serve remains our focus. “

In 2020, Sunpro Solar’s strong growth continued with its expansion into six additional states – North Carolina, Missouri, Illinois, Nebraska, Arizona, and Virginia, bringing their total to 20 states. Sunpro Solar also received additional accolades in 2020, such as inclusion on Inc 5000’s Fastest Growing Companies list and Vet 100 lists.

“Even closures and slowdowns related to COVID-19 couldn’t stop the solar industry from setting up fantastic numbers last year,” said Kelly pickerel, editor-in-chief of Solar energy world. “The Solar energy world The team is so happy to recognize over 400 companies on the 2021 list of top solar entrepreneurs who not only survived a pandemic, but thrived in spite of it. .

Committed to expanding services through smart innovation and strong partnerships with leading manufacturers such as LG, Enphase, Unirac and Tesla, Sunpro Solar is positioned to provide customers with the most reliable products with strong warranties and a complete control of their energy.

About Sunpro Solaire

Sunpro Solar is a leading residential solar company in the United States providing affordable solar power and battery storage solutions. Sunpro Solar was named the second largest residential solar installer in the United States by Solar Power World magazine in July 2021. An Inc. 500 company, Sunpro Solar continues to grow as the demand for home solar power in United States increase quickly. Sunpro Solar is headquartered in Louisiana and has operational facilities in 20 states. For more information visit http://www.gosunpro.com/.

About Solar Power World

Solar Power World is the leading online and print resource for news and information regarding solar installation, development and technology. Since 2011, SPW has helped American solar contractors – including installers, developers and EPCs in all markets – grow their businesses and do their jobs better.

*LOGO: https://www.Send2Press.com/300dpi/21-0720s2p-sunpro-logo-300dpi.jpg

Cision

Show original content:https://www.prnewswire.com/news-releases/sunpro-solar-is-named-second-largest-residential-contractor-in-the-us-301337733.html

SOURCE Sunpro Solar

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Trina Solar Releases 210 Vertex 2.0 White Paper, Setting the Benchmark for High Power Modules in the Photovoltaic Industry http://leaf-eu.org/trina-solar-releases-210-vertex-2-0-white-paper-setting-the-benchmark-for-high-power-modules-in-the-photovoltaic-industry/ Tue, 20 Jul 2021 04:34:10 +0000 http://leaf-eu.org/trina-solar-releases-210-vertex-2-0-white-paper-setting-the-benchmark-for-high-power-modules-in-the-photovoltaic-industry/

CHANGZHOU, China, July 20, 2021 / PRNewswire / – Enabled July 20, 2021, the world’s leading supplier of total photovoltaic and intelligent energy solutions Trina Solar released the 210 Vertex Worldwide Whitepaper 2.0 worldwide, aimed at comprehensively presenting the value of the ultra-high power 210 to the industry.

The 210 ultra-high power modules have made a significant breakthrough in production capacity, performance and customer adoption since the release of 210 Vertex White Paper 1.0 last year. Whitepaper 2.0 focuses on illustrating the multiple aspects of innovation and total reliability of ultra-high power modules. It sets a new benchmark and advances the technology of the photovoltaic industry.
https://www.trinasolar.com/sites/default/files/20210719165500.jpg

Innovation 1: 210 tracks in a diverse layout design for all kinds of applications

Traditional modules adopt the layout design of 6 * 10 or 6 * 12, while 210 Vertex modules introduce varied layout design of 5 * 8, 5 * 10, 5 * 11, 6 * 10 and 6 * 11, etc., based on the characteristic of 210mm silicon wafers. On the one hand, these designs can match half cut or 1/3 cut cell technology to provide different application solutions for customers. On the other hand, these arrangements are designed to balance the electrical performance of the modules, to optimize the surface area, the weight and other properties, and to improve the compatibility of the installations. It can also eliminate additional costs and avoid supply limitations for key materials. In all kinds of application scenarios, Vertex 210 Modules are 40-90W above industry average, creating more value for customers.

Innovation 2: High string power modules are designed on system logic to increase system value

The key factor in reducing BOS costs is increasing the power of the chains. From cells and modules to strings, panels and the entire photovoltaic power plant, the string is a basic circuit unit of a photovoltaic system. The string power can be greatly increased according to the design of low voltage and high current. Under the same installation volume, the higher the power of the strings, the fewer strings are required, which reduces the cost of the BOS. In conjunction with lower BOS costs, the cost of trackers, pile foundations, cables and downstream labor also decreases. The string power of 600W + modules is 41% higher than other modules in the industry, and the BOS cost savings can reach 4-6%, thus providing a significant overall benefit to further reduce LCOE.

Ultra-high power 600W + modules are specially designed for large-scale power plants, and thinking entirely from the point of view of the application of the system, they improve the power of strings, thus reducing the cost of BOS.

Innovation 3: Innovative packaging solution vertically, the loading power increases by 12%

Since the 210 Vertex modules have been adopted around the world, logistics costs, transport safety and convenience of use come into play. For 600W + series products, Trina Solar changed the packaging methods to vertical portrait, so that the width of the modules is no longer limited by the height of the container. This packaging method allows maximum use of the internal capacity of the container. The charging power is 12% higher than with more orthodox methods, which translates into an 11% reduction in transport costs. Factory packing is completed with automatic equipments to ensure safety and efficiency, and when module pallets are transported, they are tightly arranged inside the container to prevent jarring. Finally, a stable and reliable transfer is made to the project site to ensure safe delivery to customers.

In addition, 210 modules feature eight technological innovations, including low voltage design, high density interconnect and auxiliary tools. The 210 modules offer a guarantee of total reliability as the products are also fully verified in terms of dynamic mechanical load, hot spot, operating temperature, etc. You can refer to the details in the white paper.
https://pages.trinasolar.com/210VertexWhitepaper2.0.html

The value of 210 technology lies in the construction of a technical platform

210 is not only a technologically innovative product but also offers greater value as it establishes a highly innovative product technology platform. With this platform, through the synergy of innovation and upstream and downstream R&D, Trina Solar solved the problems of product reliability, guaranteed raw material supply and systematic compatibility and achieved consistent product optimization and rapid industrialization. The platform offers more feasibility in the design of photovoltaic modules and solutions for customers with high potential.

As the world’s leading provider of total photovoltaic and smart energy solutions, Trina Solar, adhering to the mission “Solar energy for all”, undertakes to innovate in a coherent way to create more value and calls on the whole industry to promote the establishment of an innovation mechanism and of an innovation ecosystem to build a new world with clean energy.

For more detailed content, we invite you to download the white paper:
https://pages.trinasolar.com/210VertexWhitepaper2.0.html

SOURCE Trina Solar Co., Ltd


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Opening of Chuck’s Vintage by Green Stream Holdings, Inc. (GSFI) http://leaf-eu.org/opening-of-chucks-vintage-by-green-stream-holdings-inc-gsfi/ Mon, 19 Jul 2021 12:00:00 +0000 http://leaf-eu.org/opening-of-chucks-vintage-by-green-stream-holdings-inc-gsfi/

New York, New York, July 19, 2021 (GLOBE NEWSWIRE) – Green Stream Holdings Inc. (OTC PINK: GSFI) (“the Company”) (https://greensolarutility.com), an emerging leader in solar energy and finance, which recently announced that its wholly-owned subsidiary Chuck’s Vintage (https://chucksvintage.com), an iconic brand and renowned retail location among the celebrity elite and fashion enthusiasts, which has opened a new New York outlet at 173 East 91st Street, Basement, New York, NY 10128 on 21 / 05/2021, and was featured on the famous New York Post Page Six.

GSFI recently announced that it will sponsor the Polo Hamptons Polo Match and Event also announced that it will be in good company with the other Match & Event sponsors.

The company is featured in the latest issue of Social Life with Jennifer Lopez. The magazine is the premier luxury publication for the Hamptons.

On July 24, the event will be hosted by fashion icon Christie Brinkley and will include BMW North America, Turks & Caicos Tourism and Sotheby’s Realty… and more.

The company and its staff are ready and in place to promote both Solar and Chuck’s Vintage to an audience of fashionistas, journalists, celebrities, buyers and potential partners for both divisions of the company.

This game and event is produced each summer in the Hamptons by Social Life Magazine, the Luxury magazine for the Hamptons, the first luxury publication in the world famous Hamptons. The Polo Match & Cocktail Party, held at Bridgehampton, 900 Lumber Lane, on July 24, 2021

CEO James DiPrima said: “The clientele in attendance will include some of the world’s most important influencers and owners of international fashion houses and as a sponsor, company representatives will have the opportunity to make new inroads for the world. company in both the Chuck’s Vintage and the company’s advanced solar technologies.

About Chuck’s Vintage:
Chuck’s Vintage offers its customers an access pass to historic fashion. Accessories, clothes and complete sets of a bygone era, for fear of forgetting its beauty. It seems entirely fitting that Chuck’s Vintage is opening its doors during a pandemic that is most closely associated with the plague that struck Los Angeles in 1924. In these times of uncertainty and ever-changing regulations and trade restrictions, Chuck’s Vintage does its best to provide customers with a white glove experience.
Founded in 2006, Chuck’s Vintage is a store like no other; a true American original. The moment you cross the threshold of 16618 Marquez Ave, Pacific Palisades 90272, you find yourself in the midst of abundant treasure. The selection of vintage denim has to be seen to be believed. His store’s blue jeans range from fortresses found in the mines of the California Gold Rush to World War II Levi’s, Lees and Wranglers, as well as high-waisted, groovy Levi’s bells. Come to Chuck’s for the denim, but stick around and complete your look with the founder’s sample of vintage American work clothes: sturdy military and work boots, leather bomber jackets and vintage rock t-shirts from the United States. soft and perfectly worn 70s. Cool American classic.

Chuck’s Vintage was founded by former GSFI CEO Madeline Cammarata (aka Madeline Harmon) with a long history in fashion. Her career began as a model, where she was quickly discovered by iconic and provocative fashion photographer Helmet Newton, launching Cammarata on the catwalks in Europe. Returning to the United States, Madeline found a powerful niche in the denim haute couture world, where she was instrumental in developing fabrics for powerful brands like 7 For All Mankind and supplied thousands of plays to celebrities and business elites from Steve Jobs to Morrisey and everywhere in between.

About Green Stream Finance, Inc.
Green Stream Finance, Inc., a solar utility and finance company with satellite offices in Malibu, California and New York, NY, is focused on tapping into currently unfulfilled markets in solar energy, and is currently licensed in California, Nevada, Arizona, Washington, New York, New Jersey, Massachusetts, New Mexico, Colorado, Hawaii and Canada. The company’s next-generation solar greenhouses built and managed by Green Rain Solar, LLC, a Nevada-based division, use proprietary greenhouse technology and branded design developed by world-renowned architect Mr. Antony Morali. The Company is currently targeting high growth solar market segments for its advanced solar greenhouse products and advanced solar batteries. The company has a growing footprint in New York City’s considerably underserved solar market, where it targets 50,000 to 100,000 square feet of rooftop space for the installation of its solar panels. Green Stream seeks to forge a key partnership with leading investment groups, brokers and private investors to capitalize on a variety of unique investment opportunities in the commercial solar energy markets. The Company is committed to becoming a major player in this critical space. Thanks to its innovative solar product offerings and its industrial partnerships, the Company is well placed to become a major player in the solar sector.
Forward-looking statements:

This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This document contains statements about future events and / or expected financial results which are forward-looking in nature and subject to risks and uncertainties. This includes the possibility that the business described in this press release may not be concluded for any reason. This may be due to technical, installation, authorization or other issues that were not anticipated. These forward-looking statements, by definition, involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Green Stream Finance, Inc. to be materially different from statements made herein. Except for any obligation under United States federal securities laws, Green Stream Finance, Inc. assumes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise. .

All inquiries
+1 (424) 280-4096
president@greenstreamfinance.com
SOURCE: Green Stream Holdings Inc.

Websites: https://chucksvintage.com and https://greensolarutility.com
Instagram: chucksvintageoriginal
Phone number: (646) 669-7007

  • $ GSFI – Green Stream Holdings


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Democrats’ budget would fund massive clean energy plan http://leaf-eu.org/democrats-budget-would-fund-massive-clean-energy-plan/ Sun, 18 Jul 2021 15:00:00 +0000 http://leaf-eu.org/democrats-budget-would-fund-massive-clean-energy-plan/

The Congressional Democrats’ $ 3.5 trillion budget plan would fund a sweeping transition to cleaner energy, but it is expected to meet opposition from parts of the energy industry and their industrial customers over provisions likely to increase their costs.

The plan calls for paying cash to utilities that make a rapid transition to cleaner fuels and imposing financial penalties for those who move slowly, one of many largely untested programs in the package. Others include tariffs on imports based on the greenhouse gas emissions of their production and the creation of one-of-a-kind fines against oil and gas producers for leaking greenhouse gases into the country. atmosphere from their wells, pipes and reservoirs.

The plan gives wind and solar power developers and other cleantech companies some of their most desired provisions, including a big increase in tax credits for new wind and solar power units.

Oil and gas companies warn, however, that the plan potentially makes the United States more dependent on foreign energy sources by making American oil and gas more expensive.

“We would be concerned about any policies that put American oil and gas production at a disadvantage,” said Anne Bradbury, managing director of the American Exploration & Production Council, which represents independent companies.

The Democrats’ budget plan would have far-reaching implications for companies like Valero.


Photo:

Eddie Seal / Bloomberg News

Donors are, however, considering penalizing imported fossil fuels through tariffs to boost US businesses.

Some industry group executives declined to comment to the public because key details of the plan are not announced or unfinished. Many companies are divided because provisions in the proposal that increase certain costs are potentially overruled by other subsidies for their customers and operations.

The electric utility industry is pushing for parts of the plan, including tax credits to get consumers to use electric vehicles. But he warns he will fight Congress if the new rules propose heavy penalties on the use of the industry’s largest fuel source, natural gas. These are the types of details that Congress will start negotiating over the next few weeks.

“Electricity companies and their customers cannot be penalized for maintaining system reliability as we work to meet our clean energy goals,” said Emily Fisher, chief counsel at the Edison Electric Institute , an investor-owned utility trading group.

Democratic Senate leaders last week announced the outline of the plan – with White House backing – including climate and energy initiatives with anti-poverty and education programs.

President Biden addressed the Virtual Leaders’ Climate Summit from the White House in April.


Photo:

Anna Moneymaker / Bloomberg News

But Congressional budget plan included few details, all of which are being negotiated as Democrats try to get it passed without a Republican vote through a process called reconciliation. The details will be filled in by several committees, each made up of progressive and moderate Democrats seeking to pull the measure in different directions.

Several moderate Democrats have yet to commit to the package, and each is likely needed to get the 50 votes needed to pass.

On the other hand, progressive supporters may balk if party leaders reduce their proposals.

“I’m encouraged, I just want to reserve judgment until I do the full analysis,” said Senator Brian Schatz (D., Hawaii).

Environmentalists and the clean tech lobby see the pact’s call for more renewable energy, electric vehicles and fossil fuel sanctions as the biggest national political issue this year. In recent weeks, several had complained that climate initiatives were being overlooked and now say the scale of the new plan is surprising.

Solar panels forming part of a power plant can be seen near Mojave, California.


Photo:

patrick t. fallon / Agence France-Presse / Getty Images

“This is designed both to get emissions where they need to be and to create a lot of jobs in the process,” said Jeff Navin, a former Department of Energy official whose current company represents solar energy. and other cleantech customers. “I don’t think anyone thought Joe Biden would go this far on climate, and if even half of that survives, it will be the biggest federal climate action in history.”

The package is designed in large part to meet President Biden’s key climate commitments. That includes creating a clean energy standard, which Biden has pledged to help eliminate emissions from power generation in the United States by 2035.

This clean energy standard mimics state-level requirements that higher amounts of electricity come from wind, solar, or other zero-emission sources. It should be changed to go through reconciliation and possibly create a system of payments to reward utilities for complying quickly or penalties for slower when transitioning to cleaner fuels.

It also creates the possibility of friction between progressives and moderates, since the standard as currently conceived would treat natural gas as a clean energy source as long as it is combined with equipment to capture, use or sequester carbon dioxide produced during gas combustion.

The plan also includes significant tax incentives for clean energy and low emission vehicles. Lobbyists in the cleantech industry have called this their most important request. Mr. Biden and others have sometimes pegged such a program at $ 300 billion, though the Senate plan is silent on these types of spending breakdowns.

By comparison, Congress spent around $ 90 billion on its biggest spending effort on climate initiatives to date, as part of the stimulus package after the financial crisis more than a decade ago, Jesse Jenkins said. , a professor at Princeton University who studies energy systems engineering and policy. .

These big initiatives in the new plan include many of the measures the researchers considered most likely to be effective, he added. And if combined with other regulatory efforts and pending legislation, it could help the country make significant progress towards an effective emissions reduction target by 2050, Jenkins said.

The package “is a great sign of progress on the legislative action that will meet the moment,” said Sam Ricketts, co-founder of Evergreen Action, a frequent intermediary between Mr. Biden and conservationists who had criticized the president in recent weeks for not paying more attention to climate spending.

Some of the provisions to encourage emission reductions could also be used to pay for the plan, a requirement as part of the reconciliation. Tariffs, for example, are likely to raise funds from foreign aluminum and steel, like a one-of-a-kind levy on imports from high-emission countries that the Union European proposed Wednesday.

SHARE YOUR THOUGHTS

What do you think Democrats will manage to include in Washington’s final climate legislation? Join the conversation below.

Large construction and construction companies that import these materials are likely to be reluctant to the idea. And large industrial energy consumers like Dow Inc.

combat the potential increase in energy costs from a clean energy standard.

If you run one of these companies, “do you really feel like you want to pass 15-20% more costs on to consumers at a time when everyone is worried about inflation?” Said Kevin Book, managing director of analysis firm ClearView Energy Partners LLC. “It’s pretty scary.”

But for many companies, the effects are unclear – and potentially conflicting – which may neutralize them as opponents, Mr. Book said. Many businesses will find tax credits and subsidies too good to fight if the rules are crafted carefully, and progressives have so far been effective in pushing the Democratic leadership to support ambitious agendas, he said. he declares.

Write to Timothy Puko at tim.puko@wsj.com

Copyright © 2021 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8


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Canadian Solar Inc. (CSIQ) share value update – BOV News http://leaf-eu.org/canadian-solar-inc-csiq-share-value-update-bov-news/ Sat, 17 Jul 2021 14:11:45 +0000 http://leaf-eu.org/canadian-solar-inc-csiq-share-value-update-bov-news/

Citigroup has raised the price target for the Canadian Solar Inc. (NASDAQ: CSIQ) share to “one buy”. The note was released on January 8, 2021. We previously noted in another research note released on January 5, 2021 by Goldman that the stock had gone from a buy to a neutral with a price target of $ 48 for the stock. CSIQ action. The Cascend Securities research report reiterated the stock to buy, with a price target set at $ 30. The action was picked up by JP Morgan, who disclosed in a research note on April 11, 2019 to Neutral and set the price target at $ 22. In their research brief published on February 20, 2019, Cascend Securities analysts upgraded Canadian Solar Inc. stock from Hold to Buy with a price target of $ 27.


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The latest exchanges, performances and moving averages give us the following picture

Canadian Solar Inc.’s (NASDAQ: CSIQ) share price fell -2.66% to close Friday’s trading session at $ 37.64, lower from yesterday’s close. The share price fluctuated between $ 37.51 and $ 39.01 throughout the trading session with trading volume of 933,060 shares, which is a significant change from the three-month average volume. of 1.70 million shares. The company’s share price has fluctuated -7.77% in the last five trades and -0.45% in the last 30 trades, which is a significant change from the start of this year. . Despite the fact that the share price has fallen by -32.33% in the last 6 months and -14.67% has been subtracted from its value in the previous 3 months. CSIQ stock trades with a margin of -9.24%, -5.12% and -14.91%, outside of the 20-day, 50-day and 200-day simple moving average prices.

At the close of contracts, CSIQ deals in the field of technology. The stock is trading -44.15% below its 52 week high and 73.86 percent above its 52 week low. For example, looking at both the price and the 52 week high and low metrics will give you a clearer picture of where the price is heading. The company’s weighted alpha is 26.88. A positive weighted alpha indicates that the company did well during the year, while an alpha less than 0 indicates that the company did poorly.

What do Canadian Solar Inc.’s profitability and valuation ratios tell us about the stock?

As for the profitability of the company, the operating margin is currently 4.00 percent and the profit margin is 1.60 percent, and the company reported a gross margin of 17.70 percent. Profit margin, also known as the revenue ratio or gross margin ratio, is an efficiency figure used to estimate the profitability of the business by comparing net profit and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap reached a total value of $ 2.29 billion in the last trading session. Market capitalization is the total value of all the outstanding shares of a company and it is used to measure the market value of a company. The price-to-earnings ratio for Canadian Solar Inc. (NASDAQ: CSIQ) is 39.66. The price / earnings ratio is a method of evaluating the value of companies by comparing them to their earnings per share. The forward P / E stands at 10.98. The forward price / earnings ratio is calculated using the expected earnings for determining the next year’s P / E. The stock achieved an effective price-to-sales ratio of 0.61 which reflects the cost of sales to the market. The company managed a price-to-book ratio of 1.43, which equals the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in stocks controlled by the management of a company because a management company will be more likely to run the business itself and never act against the wishes of management and will always try to doing what is best for their shareholders. Currently, 31.00 percent of the shares of Canadian Solar Inc. are held by insiders, and 52.90 percent are held by financial institutions.

>> 7 top choices for the post-pandemic economy


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Southeast Asian solar markets emerging at the back of the pack – pv magazine Australia http://leaf-eu.org/southeast-asian-solar-markets-emerging-at-the-back-of-the-pack-pv-magazine-australia/ Fri, 16 Jul 2021 22:00:37 +0000 http://leaf-eu.org/southeast-asian-solar-markets-emerging-at-the-back-of-the-pack-pv-magazine-australia/

Of pv magazine 07/2021

By all accounts, Indonesia has massive capacity for renewable energy. As the most populous country in the region, “its young population, its abundant natural resources, its vast untapped renewable energy potential … place Indonesia in a privileged position to become a major player in the future of Indonesia. global energy, “writes the International Energy Agency (IEA).

But just because it’s possible doesn’t mean it will. “Even though the market is big… it’s all a bit nascent,” said Sujay Malve, founder of Singapore-based microgrid startup Canopy Power.

However, Indonesia’s neighbor Malaysia proves that being slow on the blocks doesn’t make finishing last a fatality. In 2018, Malaysia “barely had any renewables,” said Xin Zhang, consultant to Wood Mackenzie. Today, by contrast, cutting back on solar power is cited as one of the country’s impending complications.

Political issues

Malaysia and Indonesia have key similarities: both have vast reserves of fossil fuels, both have electricity markets dominated by a single, government-backed utility, and both prove that the potential is ultimately there. at the mercy of politics. But over the past three years, the paths of the two countries have started to diverge, leaving one wandering the wilderness and the other hanging in a positive feedback loop.

At the heart of this divergence is regulation. “Indonesia has started to [energy market reform] for about 10 years and things go very slowly, many times they come and go, ”said Malve. “Everything is made very difficult and sometimes it feels like it’s by design.”

The Indonesian government has tried to increase its penetration of renewables through subsidies, but in Malve’s experience, most remain inaccessible. “Some things are there on paper, but not useful.” As for national programs, Indonesia’s now-abandoned rooftop solar program has oddly placed a proportional burden on the economies of the solar system.

While evasive incentives may not attract projects, protectionist policies cripple them. Indonesia imposes the use of a quota of local products in projects, which is problematic given the size of the local industry.

Public figures show that Indonesia has an annual module manufacturing capacity of around 500 MW. However, market insiders report that these operate at extremely low usage rates. Despite this, there are plans for some 3 GW of new factories through government programs, while the private sector is planning 1 GW to 2 GW of production facilities – including solar cell production.

For now, Indonesia’s regulatory framework has proven to be so complicated and unstable that developers like Canopy Power have chosen to bypass the entire bureaucratic nightmare. In Indonesia, the startup does not do network-connected projects at all, focusing only on the commercial and industrial (C&I) segment. It mainly installs micro-grids on private islands that previously used diesel generators.

Thousands of Indonesian islands still run on diesel generators, many of which are only turned on for a few hours at night. Recognizing that the market was ripe for renewables, Malve naturally inquired. “Island electrification is actually the bigger market than commercial, in our opinion,” said Malve. “On paper, that makes perfect sense. “

In reality, things are far from simple. The Indonesian electricity market is managed by the state-owned generation and distribution company Perusahaan Listrik Negara, known simply as PLN. It controls all sales of electricity. On the islands, Malve said PLN officials are receptive to the idea of ​​solar microgrids. The problem arises when the requests arrive at the head office. This is where things get tied “with the other interests”, said Malve.

Old King Coal

Indonesia is one of the largest thermal coal exporters in the world and one of the few countries where dependence on coal is on the rise, supported by substantial subsidies. Taking into account the recent climate rhetoric of its neighbors, Indonesia said in May that new coal projects would halt from 2023 and gave a timeline for the phasing out of its coal-fired power plants, culminating in the shutdown. of “ultra-supercritical” stations by 2056. As the nation still plans to build 20 GW of coal-fired power plants before then, Climate Action Tracker deems its targets “highly insufficient”.

Indonesia’s centralized coal-based system has also blunted the economic appeal of solar power. With a single buyer, Malve describes feed-in tariff negotiations as “underhanded”, pulling the projects into economically unsustainable territory. Despite the promise of electrification of the islands, Canopy now only provides engineering consulting with major players targeting the market. “They can develop a project with PLN for five years, we can’t,” said Malve.

Recognizing the need for a quick start, the IEA worked with the Indonesian government to launch new “presidential renewable energy priorities” and a national energy roadmap. The agency hinted that the reform package could be ready before 2022, when Indonesia takes over the G-20 chairmanship.

One of the most important expected reforms, according to Zhang of Wood Mackenzie, is the shift to build-operate-clean (BOO) models in renewable energy projects. “The previous build-operate-transfer (BOT) model limited the expansion of solar assets, especially for foreign investors. The new BOO model is much more user-friendly, ”she told pv magazine. The establishment of a feed-in tariff system to simplify negotiations is also foreseen in the new set of reforms.

Malaysian wonder

Like a second-winded racehorse, Malaysia has managed to come out of the leading pack to impose a real solar presence in just a few years. Its success is based on policy, namely its Large Scale Solar Supply (LSS) program launched in 2016. From a near zero benchmark, Malaysia installed 1.5 GW of clean energy in 2020. It targets 20% renewable production by 2025, with its ambitious decade of transformation that will be supported by a national energy policy focused on renewable energies to come in the second half of the year.

Not only has Malaysia’s large-scale solar program endowed the country with a massive solar pipeline, it has also attracted experienced international solar developers to the country, including Spain’s Solarpack. Javier Arellano, head of business development at Solarpack, said the company chose Malaysia as the number one company in Southeast Asia because it has the “fundamentals that solar PV needs to thrive,” coupled with an aptitude for long-term investment. Another advantage Malaysia has over its more populous neighbor is its freer market. Malaysia now ranks 12th on the World Bank’s Ease of Doing Business scale, while Indonesia’s often complex regulatory framework places it at 73rd.

According to Arellano, Solarpack’s experience in Malaysia – although not without hiccups – has indeed been overwhelmingly positive. Like virtually all foreign companies with their fingers in Malaysian solar pie, Solarpack’s position came through tenders.

The company was one of five companies to be awarded in the third round of the program, with 113 companies submitting bids for a total committed capacity of 500 MW. “I think the process was very clearly defined,” said Arellano. “The milestones and timelines to get the permits and the way everything was put in place to try to have a clear path to get the permits, to do the environmental studies – I think the process has been pretty transparent.”

Being involved in the third round likely contributed to that ease, Arellano said, noting that the program had a chance to smooth its edges. “I think [tendering] is also an efficient way to bring solar energy because it is a competitive process, so whoever launches these calls for tenders makes sure that the new capacity arrives with the most competitive prices possible ”, he added. he declares.

Solarpack’s Suria Sungai Petani project is one of the largest commissioned in the program with 116 MW. The company has a power purchase agreement (PPA) with government-linked Tenaga Nasional Berhad (TNB) for all of the 180 GWh expected to be produced by the solar power plant per year. While Zhang of Wood Mackenzie noted that the low price of the program offering may make profitability difficult for developers, Arellano described Solarpack’s PPA as “bankable,” given the need for long-term funding and ‘a process without recourse.

The project is expected to be operational in the fourth quarter, with construction now half-completed after being delayed by the pandemic. The closure of Malaysia’s borders forced Solarpack to develop its first project in Southeast Asia without any member of its core construction team assisting local staff. The hiccups proved to be a good learning time for the company, Arellano said, noting that it unexpectedly aligned with its vision.

“We don’t want expatriates, we want local teams. In many countries this has worked very well. In the case of Malaysia, it worked wonderfully, ”said Arellano.

From its five years in Malaysia, Solarpack now knows how to finance projects, including in the local currency, the ringgit. “It is a very useful experience for future projects in this country. It is also an experience which could prove useful for other countries. [in Southeast Asia],” he added.

After winning a bid, Solarpack is now keeping an eye on the fifth round of the program, which is expected to be announced this year. The company was unable to participate in the fourth round of the program, which was not open to foreign developers, in order to favor local businesses.

Which brings us perhaps to the most important lesson Southeast Asia has taught business: determination.

“We have learned to be patient. We entered Malaysia in 2016, at the very beginning there was no clarity as to which round we were going to participate in or even how to fund the projects, ”said Arellano.

A five-year project hardly seems like an enviable comeback, but Arellano noted that Solarpack seeks to secure lifelong attachments with the still toddler market. “For us, South East Asia is a region of the world where we want to be, strategically.

“It’s a region of the world [where solar] hasn’t been that common, at least so far, so early adopters will have the chance to make plans before the really big guys arrive.


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African Trade Insurance Agency (ATI) steps in to provide liquidity coverage for the 60 MW JCM Salima solar PV – The second project in Malawi to benefit from the Regional Liquidity Support Facility (RLSF) http://leaf-eu.org/african-trade-insurance-agency-ati-steps-in-to-provide-liquidity-coverage-for-the-60-mw-jcm-salima-solar-pv-the-second-project-in-malawi-to-benefit-from-the-regional-liquidity-support-facility-rl/ Thu, 15 Jul 2021 08:56:00 +0000 http://leaf-eu.org/african-trade-insurance-agency-ati-steps-in-to-provide-liquidity-coverage-for-the-60-mw-jcm-salima-solar-pv-the-second-project-in-malawi-to-benefit-from-the-regional-liquidity-support-facility-rl/

TAI (www.ATI-ACA.org), through RLSF, supported the 60 MW Salima solar photovoltaic power plant in Malawi; it is the second project in the country to benefit from the RLSF; the first project being phase 1 of the Nkhotakota solar power plant, with an initial installed capacity of 21 MW; with project construction nearing completion, Salima Solar will be the first solar PV in Malawi to connect to the grid.

The African Trade Insurance Agency (ATI), under its Regional Liquidity Support Facility (RLSF), has supported the Salima PV solar power plant, providing a renewable liquidity guarantee that can be drawn upon any late payment by the national buyer – Electricity Supply Corporation of Malawi Limited (ESCOM). This is the second project in the country to benefit from the RLSF, the first being phase 1 of the Nkhotakota solar power plant, with an initial installed capacity of 21 MW.

The 60 MW Salima solar photovoltaic power plant, which is one of the most advanced projects, will be instrumental in Malawi’s underdeveloped power sector, which has an installed generation capacity of around 439 MW. Over 90% of this capacity comes from the Shire River hydroelectric plants in the southern region; this heavy reliance on hydropower is often limited by drought and low water levels. In the future, there is great potential for new solar and hydropower technologies to enter the electricity market, thanks to government reforms that have led to the creation of a viable electricity market for the electricity market. participation of the private sector in the expansion of production.

The Salima Solar PV plant is scheduled to start operations in August 2021. It was developed by JCM Matswani Solar Corp Limited, a Malawian Special Purpose Vehicle (SPV) owned by Canadian independent power producer (IPP) JCM Power and InfraCo Africa Limited; the latter is part of the Private Infrastructure Development Group (PIDG). Construction capital was provided by JCM Power, Dutch Development Bank FMO and InfraCo Africa Limited. It will be the first solar PV in Malawi to connect to the grid. The energy produced, at an estimated annual average of 154 GWh, will be sold exclusively to the Malawi power company, ESCOM, under a 20-year Power Purchase Agreement (PPA). ATI, through RLSF, will cover for an amount of USD 4.4 million against the risk of late payment by ESCOM; the RLSF policy will be for an initial term of up to ten (10) years. The liquidity coverage provided through RLSF will allow up to $ 78 million in total project funding.

Malawi’s energy sector has recently been the subject of sector restructuring efforts with the aim of increasing the availability of reliable electricity supply in the country. This includes the unbundling of ESCOM and the establishment of the Malawi Power Generation Company (EGENCO). More recently, ESCOM was further unbundled with the introduction of Power Market Limited (PML), which will become the sole buyer in the energy sector, taking over the PPAs signed between ESCOM and the IPPs. Further restructuring of Malawi’s electricity market is underway, with strong investor interest and political will for PPIs to enter the market.

ATI CEO Manuel Moses said: “The government of Malawi views private investment as essential to achieving its goals for the power sector. This is evidenced by ESCOM’s recent positive track record in meeting its payment obligations to Malawi’s only operational PPI on time, as recorded by ATI’s transparency tool. We remain confident that payments from ESCOM to JCM Matswani will follow the same trend. In addition to the two transactions we have supported under the RLSF, we look forward to providing similar support to qualifying renewable energy PPIs in Malawi and even the rest of the African continent. “

JCM Power quote

JCM Power Country Manager Phylip Leferink said: “JCM Power is delighted to complete construction and start operating the first large-scale solar PV plant in Malawi in August 2021. ATI’s support has played an important role in improving the bankability of the project and contributed to CWY’s goal of developing high-quality, innovative and state-of-the-art projects across sub-Saharan Africa. The Salima Solar project is positively changing the energy landscape of Malawi, and JCM is firmly committed to continuing to play a central role in the development of the country’s energy sector.

Connor Dawson, Head of Asset Management at InfraCo Africa, said: “Salima Solar will be Malawi’s first grid-connected photovoltaic solar power plant. The revolving liquidity guarantee provided by ATI, as part of its regional liquidity support facility, will support Salima Solar, ensuring that it can provide reliable access to clean electricity; fuel future economic growth.

Distributed by APO Group on behalf of the African Commercial Insurance Agency (ATI).

Media contact:

Sheila Ongas Communication Officer African Commercial Insurance Agency sheila.ongas@ati-aca.org Mobile +254 728 600 180

About the African Commercial Insurance Agency:

ATI was founded in 2001 by African states to cover the commercial and investment risks of companies doing business in Africa. ATI mainly provides political risk, credit and surety insurance. In 2020, ATI closed the year with gross exposure of US $ 6.3 billion and net profit of US $ 39.4 million, due to strong demand for ATI’s insurance solutions from the international financial sector and African governments. Since its inception, ATI has supported $ 66 billion in investment and trade in Africa. For over a decade, ATI has maintained an “A / Stable” rating for financial strength and counterparty credit by Standard & Poor’s, and in 2019, ATI received an A3 / Stable rating from Moody’s.

About the Regional Liquidity Support Facility (RLSF):

ATI and the German Development Bank, KfW, with funding from the German Federal Ministry for Economic Cooperation and Development (BMZ), launched the RLSF in 2017. The Facility was created to help tackle climate change and attract investments by supporting renewable energy projects in ATI countries. member countries. RLSF has an initial capacity of 63.2 million euros and supports small and medium scale renewable energy projects with an installed capacity of up to 50 MW (and in exceptional cases up to 100 MW) by protecting developers against the risk of late payment by public buyers; in turn, improving the bankability of projects and ensuring that more projects reach financial close. https://bit.ly/3B2Fi9n

About JCM Power:

JCM Power is an independent power producer (IPP) dedicated to accelerating social, economic and environmental sustainability in growing markets through the development, construction and operation of renewable energy infrastructure. Our driving vision is to advance the era of clean energy. For more information, please visit: www.JCMPower.ca.

About the Private Infrastructure Development Group (PIDG):

PIDG is an innovative infrastructure development and finance organization that encourages and mobilizes private investment in pioneering infrastructure in the border markets of Sub-Saharan Africa and South and Southeast Asia to promote development economic and poverty reduction. PIDG delivers its ambition in accordance with its values ​​of opportunity, responsibility, safety, integrity and impact. Since 2002, PIDG has supported 157 infrastructure projects through to financial close, providing approximately 209 million people with access to new or improved infrastructure. PIDG is funded by six governments (UK, Netherlands, Switzerland, Australia, Sweden, Germany) and the IFC. For more information, please visit: www.PIDG.org.

About InfraCo Africa:

InfraCo Africa is part of the Private Infrastructure Development Group (PIDG). InfraCo Africa seeks to reduce poverty by mobilizing private investments in high quality infrastructure projects in the poorest countries of sub-Saharan Africa. It addresses the risks and costs of developing projects at an early stage: by funding teams of experienced developers and providing venture capital to projects that need the financial commitment and leverage that InfraCo Africa can help. InfraCo Africa is funded by the governments of the UK (via FCDO), the Netherlands (via DGIS) and Switzerland (via SECO). For more information, please visit: www.InfraCoAfrica.com.


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IndiGrid completes acquisition of 100 MW of solar projects from Fotowatio for 6.6 billion yen http://leaf-eu.org/indigrid-completes-acquisition-of-100-mw-of-solar-projects-from-fotowatio-for-6-6-billion-yen/ Wed, 14 Jul 2021 06:15:58 +0000 http://leaf-eu.org/indigrid-completes-acquisition-of-100-mw-of-solar-projects-from-fotowatio-for-6-6-billion-yen/

India’s first energy sector infrastructure investment trust (InvIT), IndiGrid, announced the finalization of the acquisition of a 100% stake in two solar assets with a cumulative capacity of 100 MW (AC) from the Madrid developer Fotowatio Renewable Ventures (LIF) for an enterprise value of 6.6 billion yen (approximately $ 88.4 million).

IndiGrid’s acquisition of its first solar asset is also the first renewable energy acquisition by an InvIT in the country. Cyril Amarchand and Mangaldas, PriceWater Coopers and Mahindra Teqo advised IndiGrid on this transaction. Greenstone Advisors acted as sales advisor on the transaction representing FRV.

In December of last year, IndiGrid announced that it had signed a securities purchase agreement to acquire the two solar projects with a capacity of 50 MW each from FRV, FRV Solar Holdings Limited. In 2017, FRV raised $ 29 million in non-convertible debentures from the International Finance Corporation to fund the 100 MW solar projects.

The acquisition will be funded by a combination of debt, internal provisions and a recent rights issue. Following the acquisition, IndiGrid’s net debt or assets under management is approximately 58%, providing sufficient room for growth over the 70% leverage threshold, in accordance with InvIT Security regulations. Exchange Board of India.

InvIT’s asset portfolio includes 14 diversified energy projects comprising 40 transmission lines (~ 7,570 km), 11 substations (~ 13,550 MVA in capacity) and 100 MW of solar projects in 18 states and a territory of The union.

The acquired 100 MW solar projects are fully operational and located in the high radiation area of ​​the 400 MW Ananthapuramu solar park in Andhra Pradesh for a contractual period of 25 years at a fixed rate. The Power Purchase Agreement (PPA) for both assets is already in place with the Solar Energy Corporation of India (SECI).

The projects have been operational for more than two years.

This transaction follows IndiGrid’s strategy of acquiring solar projects with long-term PPAs, operating history and financially strong counterparties, from buyers such as SECI and NTPC.

According to a press release issued by IndiGrid, the acquired asset complements IndiGrid’s transport portfolio with synergies on operations and regulatory institutions, in addition to long contract lives and low risk cash flows.

Harsh Shah, CEO of IndiGrid, said: “We are excited to diversify our portfolio and add the first set of solar assets. This acquisition is accretive in terms of distribution per unit and results in a good addition to our distributable net cash flow. While power transmission assets remain at the core of IndiGrid’s growth strategy, we believe these attractive opportunities to acquire good quality solar projects fit well into our strategy of providing cash flow. predictable to our investors and reinforce our commitment to be a socially responsible organization. “

According to Mercom First Half and Second Quarter 2021 Solar Finance and Mergers and Acquisitions Report, globally, more than 24 GW of solar projects were acquired in the second quarter of 2021, compared to 14.6 GW in the first quarter of 2021. Compared year on year, 2.8 GW were acquired. in the second quarter of 2020. This is the highest number of project acquisitions in a quarter. since 2010.



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