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Alternative Energies

ReneSola Secures Financing for Projects in Hungary and Poland

Vlad Poptamas

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Photo source: globalenergyworld.com
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ReneSola Ltd (“ReneSola” or the “Company”) (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced that the Company entered into a bridge financing agreement with Eiffel Energy Transition Fund for its photovoltaic projects in Hungary and Poland.

Under the terms of the agreement, Eiffel Energy Transition Fund will finance ReneSola’s  41.3 MW projects in Hungaryand 55MW projects in Poland in the amount of 13,428,000 Euro.

Mr. Xianshou Li, Chairman and Chief Executive Officer of ReneSola, commented, “We are excited to partner with Eiffel Energy Transition Fund. This facility demonstrates the confidence that the capital markets put in our ability to successfully develop projects in international markets.  We continue to expect both Hungary and Poland to be growth markets in the years ahead, and we look forward to further supporting solar deployment in these geographies.”

Mr Pierre-Antoine Machelon, fund manager of Eiffel Energy Transition, said, “We are happy to contribute to the acceleration of ReneSola’s investments in Poland and Hungary. We look forward to supporting ReneSola in these promising geographies for the solar industry.”

Mr. Josef Kastner, Vice President of Renesola Projects Europe commented: “Our new cooperation with Eiffel will bring benefits to the growth of our European solar projects business, enabling us to further expand our project development activities. We are confident this partnership will strengthen our position in Europe.”

 

SOURCE ReneSola Ltd.

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Alternative Energies

Growatt Donates Inverter to Indore Cancer Foundation’s Rooftop Solar Plant Project

Vlad Poptamas

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Growatt Donates Inverter to Indore Cancer Foundation's Rooftop Solar Plant Project
Reading Time: 2 minutes

 

Growatt, a Shenzhen, China-based manufacturer of PV inverters, announced that it donated one unit of its inverter, Growatt 20KTL3-S, to the Indore Cancer Foundation Charitable Trust (ICF), a not-for-profit charitable organization in central India, for its rooftop solar power plant project.

The ICF was established in 1988, with its focus on head & neck cancers, the most common cancers among Indian male adults, promoting medical education to the public and conducting clinical researches. To reduce carbon footprint and power the facility with clean solar energy, the ICF initiated the installation of a 20kW solar power plant on the rooftop. After learning about the initiative, Growatt donated a 20kW inverter and worked with other parties to finish the project.

Growatt has been committed to corporate social responsibility ever since its foundation. It applies responsible practices in the workplace and has been awarded the SA8000 certification. Growatt supports social and charitable causes through donations and has contributed to many photovoltaic projects that are aimed at poverty reduction, as well as those in schools in remote areas with limited access to the grid. The donation to ICF is another example of Growatt’s commitments to the society.

The plant has now been commissioned and connected to the grid. This 20kW rooftop project is expected to produce an energy output of approximately 32,000kWh annually, which will provide electricity power for the whole facility and help cut the bills. The ICF expressed their special thanks to Growatt for donating the inverter.

“Growatt entered the Indian solar market in 2011. After years of growth we are now one of the top inverter brands in the rooftop solar market. With great power comes great responsibility. Growatt is committed to social responsibility and we are honored to make this donation and contribute to the rooftop solar plant of the ICF,” says Frank Qiao, Growatt co-founder and sales director. “Its annual power generation will help reduce CO2 emissions equivalent to 400 to 500 trees planted. This is definitely another achievement of the ICF in their noble work they’ve been doing for decades.”

Related Links

www.growatt.com

SOURCE Growatt

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Alternative Energies

WIND EXPO 2019: Industry leaders gather in Japan at the dawn of emerging offshore wind power

Betty Tűndik

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Reed Exhibitions Japan Ltd. will be holding WIND EXPO 2019 – Japan’s largest wind energy exhibition & conference from Feb. 27 at Tokyo Big Sight, Japan.

The 7th edition will be attracting 160 exhibitors from 13 countries and held inside “World Smart Energy Week 2019”. Along with the other energy-related concurrent shows, 1590 exhibitors and 70,000 industry professionals are expected to gather for the 3 days.

The highlight of this year is the field of offshore wind power which is already common in Europe. While in Asia, Taiwan is a promising market, though Japan also has considerable potential. In Japan, the revision of Port and Harbour Law in 2016 led to introduction of a system guaranteeing occupation of a port area for 20 years for offshore wind power generation. In addition, a new law was come into effect last November stipulating the rules for occupying the general sea area for 30 years. According to Japan Wind Power Association, offshore wind power projects currently under the environmental assessment procedure are expected to be 5 GW and the new bill to use the general sea area has created room for another possible 7GW. Therefore, the association considers the goal of 10 GW of offshore wind power generation by 2030 would be achievable. For instance, Japanese electric power companies and overseas power generation operators such as Ørsted are also jumping into the growing market. Offshore wind power market in Japan at the dawn will develop bright futures.

Following the rise of such market trends, Offshore Wind Power Zone in WIND EXPO 2019 has accommodated a large number of related technologies such as SEP ships, cable laying ships, seabed ground survey, offshore wind power generation system, and floating foundation, etc. In addition, major Japanese and overseas companies such as MHI Vestas Offshore Wind, GE, Seajacks, Senvion, Penta-Ocean Construction, and Nippon Steel & Sumikin Engineering, etc. will be exhibiting their latest technologies.

The show also features a wide array of Technical Conference. On the second day, the Special Session will be delivered by Cabinet Office, Government of Japan about the current situation of offshore wind power generation, while Ministry of Land, Infrastructure, Transport and Tourism will introduce its policies and initiatives to promote expanded introduction in Japan. Penta-Ocean Construction will also mention its offshore wind projects in the same session. Besides, more sessions by the industry leaders from Japan and abroad will be delivered throughout the show.

With the line-up of exhibitors and conferences, WIND EXPO is sure to be the hub for business in the growing Japanese wind energy industry. Save your dates and do not miss this indispensable opportunity to expand business in Japan.

Visitor registration:

www.windexpo.jp/inv_en/

 

SOURCE: Reed Exhibitions Japan Ltd.

 

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Alternative Energies

BATTERY JAPAN 2019: Solid-state battery and EV battery imminently set for commercialisation

Vlad Poptamas

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Scene from the previous show (2018) - Source: Reed Exhibitions Japan Ltd.
Reading Time: 2 minutes

 

Reed Exhibitions Japan Ltd. will be holding BATTERY JAPAN 2019 – Int’l Rechargeable Battery Expo from Feb. 27 at Tokyo Big Sight, Japan.

Along with the spread of renewable energy such as photovoltaic and wind power generation, the demand for rechargeable batteries is rising. Since it becomes key devices even in the automotive field for EV conversion, high function such as high capacity, power output and longevity is more expected. Being a world’s leading exhibition & conference for rechargeable battery, BATTERY JAPNAN 2019 will be gathering 330 exhibitors and 70,000 visitors including concurrent shows. Among the impressive number of exhibits and technologies, this year’s highlights are “solid-state battery” and “EV development technology”.

“Solid-state batteries” in course of accelerating development

The show will be featuring a large number of products related to the research and development of “solid-state batteries” whose commercialisation is now imminent to serve as next-generation batteries. For example, TANABE CORPORATION introduces a rotary kiln for demonstration test corresponding to a functional powder and TOYO CORPORATION is to present a high-frequency impedance measurement system for evaluating electrolytes. On top of that, KRI presents services for evaluation/analysis of materials and SHIMADZU CORPORATION will be showcasing scanning probe microscope.

There is also a wide array of conferences on solid-state batteries. At the technical conference on the theme of “Emerging Next-generation Batteries” on the event’s first day, HITACHI ZOSEN will deliver “Development of All-solid-state Battery for Commercialization”. Also in the same afternoon, delivered another session entitled “Latest Trends in the Development of All-solid-state Lithium-ion Batteries” by UNIVERSITY of MARYLAND in the U.S. and IDEMITSU KOSAN etc. are to present the latest research achievements.

High performance materials and inspection equipment

While the development of EV industry is gaining impetus all over the world, in response to such worldwide momentum, the show will be featuring an extensive array of battery materials and inspection equipment for in-vehicle batteries. For example, SEKISUI CHEMICAL will be showcasing laminate type lithium-ion battery that simultaneously realising high safety, longevity and high capacity while SPACELINK will exhibits carbon nanotube for supercapacitor. Besides, lithium hydroxide, leakage inspection equipment using helium, battery tester integrating charging and discharging equipment and inspection equipment are outstandingly showcased at the show.

On 27th, LG CHEM and NIO, the automobile related start-up company attracting widespread attention as the Chinese version of Tesla will be presenting a Keynote Session with the theme of “Frontline of the Latest EV & Battery Development in Asia”. TOYOTA MOTOR and German Government will deliver another Keynote Session of “Impacts of the Development of Next-generation Batteries and Wider Adoption of EVs” on 28th.

With the line-up of various exhibits from Japan and the world and comprehensive conference sessions, BATTERY JAPANis sure to be an ideal venue to find new business and catch insights of the current industry conditions and outlook.

At the same time, the shows will be held within World Smart Energy Week 2019 with 8 other exhibitions specialising in renewable and smart energy such as wind energy, solar power, hydrogen & fuel cell, biomass energy, smart grid and recycling technology for renewable energy. Participants will be able to build business and cross network with a vast range of professionals.

Visitor registration for free admissions can be made online at www.batteryjapan.jp/inv_en/

SOURCE Reed Exhibitions Japan Ltd.

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