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Union Minister Suresh Prabhu (PTI Photo)

Amid strain in trade ties and fights at the World Trade Organization (WTO), commerce minister Suresh Prabhu will leave for Washington DC on June 10, his first visit after the Trump administration slapped duties on Indian steel and aluminium.

The minister will convey India’s viewpoints on contentious issues, including duties on Indian metals, to US trade representative Robert E Lighthizer and others, and explore business opportunities, sources told FE.

Prabhu’s visit comes at a critical time when efforts to persuade the US to exempt India from the duty on steel and aluminium or view New Delhi’s export subsidies in proper context haven’t yet yielded results. Both the sides have dragged each other to the WTO in recent months: the US has lodged complaints against India’s export and farm subsidies, while India has raised objections to duties on Indian steel and aluminium and massive illegal subsidies in the renewable energy and agriculture sectors. While the much-feared US-China trade war is de-escalating, there is no sign of an abatement in the Indo-US trade tussles yet.

“Prabhu’s visit will lend more clarity as to where both the sides are heading. Maybe, it will break the ice,” said the source. The commerce minister will also talk about Indo-US cooperation in making civil and defence aircraft in India, the source added. Commerce secretary Rita Teaotia is expected to visit as well.

In the last meeting of senior trade officials of both the countries in New Delhi, the US is learnt to have sought better trade balance with India and removal of restrictions on pricing of medical equipment such as bioresorbable stents. To keep up pressure, the US side, led by its assistant trade representative Mark Linscott, didn’t commit on lifting the tariff on supplies of steel and aluminium, apart from suggesting that India’s concerns will be conveyed to the relevant authorities in Washington.

The US has announced plans to impose a duty of 25% on steel and 10% on aluminium imports from select countries, including India.

While China alone accounted for a massive $375 billion, or 46%, of the US goods trade deficit of $810 billion in 2017, India made up for just 2.8% and occupied the 9th spot in the list of the nations with which the Trump administration seeks to pursue a trade balance agenda.

SAN FRANCISCO, May 24, 2018 /PRNewswire/ -- ForeFront Power and Los Altos School District (LASD) in California celebrated the completion of solar canopy systems across nine District schools today. The ceremony at Oak Avenue Elementary School also included Sunworks, the primary construction contractor, and TerraVerde Energy, the District's procurement consultant. The 1.4-megawatt (MW) portfolio is now delivering clean, renewable energy to the schools at a price below their grid rate.

LASD is receiving solar energy at no upfront cost and without the use of bond funds using a Power Purchase Agreement (PPA) framework with ForeFront Power. Through a PPA, ForeFront Power is responsible for all project financing, engineering, construction, operations, and maintenance for a 20-year project term. As a result, the solar portfolio is expected to save the District over $175,000 annually and up to $2.7 million within the first ten years of operation.

"The Los Altos School District has a history of financial prudence and commitment to providing top-notch education for every single one of our students. The completion of this project immediately begins a cost savings that will contribute to quality education in all of our schools," said Superintendent, Jeff Baier.

Understanding the importance of a stable learning environment, ForeFront Power coordinated closely with LASD to construct and complete the systems during the school year with minimal impact to school activities.

"Not only were our projects successfully completed, but we also gained infrastructure for future electric vehicle charging and improved ADA compliance. The cost savings are crucial and a great benefit for our students and teachers," said LASD Chief Business Official Randy Kenyon. "The ForeFront Power team went above and beyond the original project scope."

ForeFront Power included Data Acquisition Systems (DAS) that integrate with online system performance monitoring software and flat screen televisions that were installed in the front office of each school. All schools will also receive free solar energy lesson plans and curricula through ForeFront Power's exclusive partnership with Schools Power. These lesson plans promote a technical understanding of solar energy as well as career and college readiness training to prepare the next generation of leaders for solar jobs.

"These projects highlight our desire to fully integrate solar energy into the learning environment at each school," said ForeFront Power Chief Strategy Officer, Daniel Taylor. "From shade on the playground to hands-on activities in the classroom, we hope students will understand the myriad impacts of on-site solar energy."

These nine solar projects are expected to offset the equivalent of 1,754 tons of carbon dioxide avoidance or 336 cars taken off the road for the first year of production – per the EPA Greenhouse Gas Equivalencies Calculator.

For more information about ForeFront Power and solar energy for schools, visit k12.forefrontpower.com.

About Los Altos School District

Los Altos School District operates seven elementary and two junior high schools and is a top-rated school district in the State of California. LASD serves more than 4,500 K-8 students from portions of Los Altos, Los Altos Hills, Mountain View and Palo Alto. All nine schools in LASD have been recognized as California Distinguished Schools and/or National Blue Ribbon Schools. LASD is nationally recognized as a leader in educational innovation and for its many awards. Read more about LASD programs at iLearn Blogspot and follow on Twitter @lasdk8.

About ForeFront Power

The ForeFront Power team has more than a decade of renewable industry experience, serving business, public sector, and wholesale power customers around the world. Our team has developed over 800 MW of capacity across more than 1,000 projects, targeted on assisting public sector agencies and C&I firms to deliver the most impactful behind-the-meter, off-site, and wholesale solutions. ForeFront Power is a wholly owned subsidiary of Mitsui & Co., Ltd., a global energy infrastructure and investment leader.

Forward Looking Statements

Matters discussed in this press release contain forward-looking statements. When used in this press release, the words "anticipate", "estimate", "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to various risks and uncertainties.

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/los-altos-sd-and-forefront-power-celebrate-completion-of-nine-solar-canopy-systems-300654801.html

SOURCE ForeFront Power

Related Links

http://www.forefrontpower.com

LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global solar cover glass market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022.

According to Technavio market research analysts, the global solar cover glass market will grow at a CAGR of close to 31% during the forecast period. The rise in solar PV installations is a major factor driving the market’s growth. Factors such as population growth and technological advances in the field of electrical and electronic appliances have increased the demand for energy. The rise in demand for industrial electric motor systems, growth in the electric appliances market, and increase in the use of HVAC systems owing to variation in temperature will increase the demand for electricity globally.

Governments of many countries have started investing in various energy projects due to the rise in demand for energy. Several countries have started increasing their investment in renewable energy owing to the growing concerns about climate change and global warming. During the forecast period, reduced carbon footprints of solar and wind energy compared with coal will drive the renewable energy market.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers

In this report, Technavio highlights the rise in deployment of microgrids as one of the key emerging trends in the global solar cover glass market:

Rise in the deployment of microgrids

Microgrids are energy systems that are combined with several sources of energy such as wind, solar, geothermal, and fossil fuels, thus negating the disadvantage of conventional grids. These grids are constructed with the aim to provide power to an entire local community, university, or a military base.

“Microgrids aid in overcoming the intermittency issue of solar power as they are equipped with storage systems for backups. They are usually used as substitutes for larger energy grids in case of emergency situations such as natural calamities. During the forecast period, the rise in the number of microgrid projects is expected to increase the demand for solar PV systems and subsequently the demand for solar glass,” says a senior analyst at Technavio.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Global solar cover glass market segmentation

This market research report segments the global solar cover glass market into the following applications (utility, commercial, and residential) and key regions (the Americas, APAC, and EMEA).

The utility segment held the largest market share in 2017, accounting for nearly 47% of the market. The market share for this application is expected to increase by 2022. The fastest growing application is commercial, which will account for nearly 28% of the total market share by 2022.

APAC was the leading region for the global solar cover glass market in 2017, accounting for a market share of nearly 72%. By 2022, APAC is expected to continue dominating the market and register the highest growth.

 

Save big with Technavio this May!

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Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited period.

 

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at This email address is being protected from spambots. You need JavaScript enabled to view it..

LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global solar cover glass market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022.

According to Technavio market research analysts, the global solar cover glass market will grow at a CAGR of close to 31% during the forecast period. The rise in solar PV installations is a major factor driving the market’s growth. Factors such as population growth and technological advances in the field of electrical and electronic appliances have increased the demand for energy. The rise in demand for industrial electric motor systems, growth in the electric appliances market, and increase in the use of HVAC systems owing to variation in temperature will increase the demand for electricity globally.

Governments of many countries have started investing in various energy projects due to the rise in demand for energy. Several countries have started increasing their investment in renewable energy owing to the growing concerns about climate change and global warming. During the forecast period, reduced carbon footprints of solar and wind energy compared with coal will drive the renewable energy market.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers

In this report, Technavio highlights the rise in deployment of microgrids as one of the key emerging trends in the global solar cover glass market:

Rise in the deployment of microgrids

Microgrids are energy systems that are combined with several sources of energy such as wind, solar, geothermal, and fossil fuels, thus negating the disadvantage of conventional grids. These grids are constructed with the aim to provide power to an entire local community, university, or a military base.

“Microgrids aid in overcoming the intermittency issue of solar power as they are equipped with storage systems for backups. They are usually used as substitutes for larger energy grids in case of emergency situations such as natural calamities. During the forecast period, the rise in the number of microgrid projects is expected to increase the demand for solar PV systems and subsequently the demand for solar glass,” says a senior analyst at Technavio.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Global solar cover glass market segmentation

This market research report segments the global solar cover glass market into the following applications (utility, commercial, and residential) and key regions (the Americas, APAC, and EMEA).

The utility segment held the largest market share in 2017, accounting for nearly 47% of the market. The market share for this application is expected to increase by 2022. The fastest growing application is commercial, which will account for nearly 28% of the total market share by 2022.

APAC was the leading region for the global solar cover glass market in 2017, accounting for a market share of nearly 72%. By 2022, APAC is expected to continue dominating the market and register the highest growth.

 

Save big with Technavio this May!

Find out what companies are venturing in to beat the heat this summer! Technavio indulges you with a massive 20% OFF on all

non-alcoholic beverages reports for the entire month.

OR

Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited period.

 

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at This email address is being protected from spambots. You need JavaScript enabled to view it..

LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global solar cover glass market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022.

According to Technavio market research analysts, the global solar cover glass market will grow at a CAGR of close to 31% during the forecast period. The rise in solar PV installations is a major factor driving the market’s growth. Factors such as population growth and technological advances in the field of electrical and electronic appliances have increased the demand for energy. The rise in demand for industrial electric motor systems, growth in the electric appliances market, and increase in the use of HVAC systems owing to variation in temperature will increase the demand for electricity globally.

Governments of many countries have started investing in various energy projects due to the rise in demand for energy. Several countries have started increasing their investment in renewable energy owing to the growing concerns about climate change and global warming. During the forecast period, reduced carbon footprints of solar and wind energy compared with coal will drive the renewable energy market.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers

In this report, Technavio highlights the rise in deployment of microgrids as one of the key emerging trends in the global solar cover glass market:

Rise in the deployment of microgrids

Microgrids are energy systems that are combined with several sources of energy such as wind, solar, geothermal, and fossil fuels, thus negating the disadvantage of conventional grids. These grids are constructed with the aim to provide power to an entire local community, university, or a military base.

“Microgrids aid in overcoming the intermittency issue of solar power as they are equipped with storage systems for backups. They are usually used as substitutes for larger energy grids in case of emergency situations such as natural calamities. During the forecast period, the rise in the number of microgrid projects is expected to increase the demand for solar PV systems and subsequently the demand for solar glass,” says a senior analyst at Technavio.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Global solar cover glass market segmentation

This market research report segments the global solar cover glass market into the following applications (utility, commercial, and residential) and key regions (the Americas, APAC, and EMEA).

The utility segment held the largest market share in 2017, accounting for nearly 47% of the market. The market share for this application is expected to increase by 2022. The fastest growing application is commercial, which will account for nearly 28% of the total market share by 2022.

APAC was the leading region for the global solar cover glass market in 2017, accounting for a market share of nearly 72%. By 2022, APAC is expected to continue dominating the market and register the highest growth.

 

Save big with Technavio this May!

Find out what companies are venturing in to beat the heat this summer! Technavio indulges you with a massive 20% OFF on all

non-alcoholic beverages reports for the entire month.

OR

Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited period.

 

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at This email address is being protected from spambots. You need JavaScript enabled to view it..

LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global solar cover glass market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022.

According to Technavio market research analysts, the global solar cover glass market will grow at a CAGR of close to 31% during the forecast period. The rise in solar PV installations is a major factor driving the market’s growth. Factors such as population growth and technological advances in the field of electrical and electronic appliances have increased the demand for energy. The rise in demand for industrial electric motor systems, growth in the electric appliances market, and increase in the use of HVAC systems owing to variation in temperature will increase the demand for electricity globally.

Governments of many countries have started investing in various energy projects due to the rise in demand for energy. Several countries have started increasing their investment in renewable energy owing to the growing concerns about climate change and global warming. During the forecast period, reduced carbon footprints of solar and wind energy compared with coal will drive the renewable energy market.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers

In this report, Technavio highlights the rise in deployment of microgrids as one of the key emerging trends in the global solar cover glass market:

Rise in the deployment of microgrids

Microgrids are energy systems that are combined with several sources of energy such as wind, solar, geothermal, and fossil fuels, thus negating the disadvantage of conventional grids. These grids are constructed with the aim to provide power to an entire local community, university, or a military base.

“Microgrids aid in overcoming the intermittency issue of solar power as they are equipped with storage systems for backups. They are usually used as substitutes for larger energy grids in case of emergency situations such as natural calamities. During the forecast period, the rise in the number of microgrid projects is expected to increase the demand for solar PV systems and subsequently the demand for solar glass,” says a senior analyst at Technavio.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Global solar cover glass market segmentation

This market research report segments the global solar cover glass market into the following applications (utility, commercial, and residential) and key regions (the Americas, APAC, and EMEA).

The utility segment held the largest market share in 2017, accounting for nearly 47% of the market. The market share for this application is expected to increase by 2022. The fastest growing application is commercial, which will account for nearly 28% of the total market share by 2022.

APAC was the leading region for the global solar cover glass market in 2017, accounting for a market share of nearly 72%. By 2022, APAC is expected to continue dominating the market and register the highest growth.

 

Save big with Technavio this May!

Find out what companies are venturing in to beat the heat this summer! Technavio indulges you with a massive 20% OFF on all

non-alcoholic beverages reports for the entire month.

OR

Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited period.

 

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at This email address is being protected from spambots. You need JavaScript enabled to view it..

Solar jobs and wealth creation in Europe are set to increase to nearly 175,000 full time jobs and 9,500M value added by 2021, according to a new EY report. The EY report also shows that an increase in ambition for the European Union 2030 renewable energy target from 27% to 35% will result in more than 120,000 new solar jobs alone.

Dominique Ristori, Director-General, European Commission, DG Energy, speaking at the launch event of the report, said: "We want to see solar and clean energy well-developed in Europe, more solar jobs and generated value is key to moving towards a sustainable lowcarbon economy."

MEP Butikofer commented "Crucially in the short term, removing solar trade measures currently enforced by DG Trade in the European Commission could give a welcome boost to the European solar industry including new jobs."

MEP Marijana Petir, stated "This surge is only possible if countries increase their solar deployment rate in line with policy requirements to 2020. With the right policies in place this growth could be even greater by 2030. Member States should have the necessary flexibility to boost renewable energy that is available on their territory. With this approach Member states could develop incentives to reduce the greenhouse gas emissions and to create new jobs in the most efficient way."
"Our calculations show that Spain will have the highest number of new jobs, with an expected growth of 471% from 2016 to 2021, followed by Greece (+403%), and Poland (+381%)" said EY on their findings for the report.

Christian Westermeier, President of SolarPower Europe said: "The more solar installed the more jobs and economic growth we will see in Europe. We need to remove all barriers to solar starting with withdrawing the trade measures currently in place on solar panels and cells accompanied by a predictable regulatory environment for PV in Europe. EY found that the average PV system price in Europe has decreased by 23% in 2016, compared to 2014, but we know that the price could be even lower if we ended the artificially high tariffs on solar products, which would boost jobs and economic activity in the countries of the EU."

The trade associations representing key players in Europe's energy transition urge policy makers to take a step-wise approach towards the market integration of small-scale renewable and high efficiency cogeneration installations.

Whilst the European institutions are negotiating the recast of the Electricity Market Design Regulation, the signatories of the declaration launch today the "Small Is Beautiful" campaign, aiming at highlighting the benefits of small-scale, clean and locally owned installations to move progressively towards a decentralised energy system.

James Watson, CEO of SolarPower Europe said: "Small installations empower territories, small businesses, and consumers. When it comes to solar, they are also the biggest job providers. We must reflect on the energy transition we want to see emerging in Europe."

These benefits are, however, threatened by the European Parliament's current proposal requiring all power generators to be "balancing responsible" and the blanket removal of priority dispatch.

Small-scale renewable and high efficiency cogeneration installations are generally run by private consumers, households, communities, farmers, cooperatives or SMEs and benefit the local economy.However, European power markets are mostly not yet « fit » for small installations. Removing the balancing responsibility exemptions and priority dispatch will result in disproportionate costs and technical and administrative burdens.

"Keeping the priority dispatch and access regimes for small installations as proposed by the European Commission is fundamental for empowering energy consumers and boosting investments in local sustainable and efficient energy solutions", indicated Hans Korteweg, Managing Director of COGEN Europe.
Rémi Gruet, CEO of Ocean Energy Europe, commented "To accelerate the energy transition, investor risk needs to be reduced. Exemptions to balancing responsibility and maintaining priority dispatch go a long way in achieving this. All the more so for demonstration projects for innovative technologies: the lower the risk, the faster they can be taken to market".

Rather than encouraging the participation of consumers or SMEs in the energy transition, the current proposals on the table would act as a disincentive.
Signatories of the declaration urge policy makers to maintain priority dispatch and the exemption of balancing responsibilities for small scale renewable and highly efficient cogeneration installations. A balanced approach is key to enable the advent of an increasingly distributed energy system, empowering energy consumers and contributing to the economic and social dynamism of local communities and small businesses.

REC Group and the second time its innovative TwinPeak technology based on half-cut multicrystalline PERC cells has been awarded

Direct access to technical support and a new web presence to premiere at SPI 2017

Voltalia, an international player in renewable energies, announces the launch of the construction of a new 8.2 MW solar power plant in France, in the Bouches-du-Rhône department.

Voltalia (Euronext Paris, ISIN code: FR0011995588), an international player in renewable energies, announces the start of construction works at the French solar power plants of Canadel (10.4 MW) and Castellet 2 (3.8 MW) located in the southern-France region of Var. 

U.S.-based NRG Systems announced today that Lasser Eólica has joined its global network of service partners and dealers. Based in Spain, Lasser Eólica engineers, installs, and maintains met tower systems across Europe, North Africa, and the Middle East.

Verano Capital, an American project developer headquartered in Chile, announced that it won 18% of the solar capacity in auction at the Argentinian energy tender with its 100 MW VeCaSo-1 solar project. Located near Mendoza, Verano’s PV project was selected on a winning bid at $42.50/MWh.

Abigail Ross Hopper, President and CEO of the Solar Energy Industries Association (SEIA), issued the following statement after the U.S. International Trade Commission (ITC) announced a split remedy recommendation for the Section 201 trade case

Joint filing from broad array of groups takes aim at financial “Beneficiaries” as the only entities to support the DOE proposal – and whose filings fail to establish that the proposed subsidies are needed or legally valid

As demand for solar energy surges across America, today the Solar Energy Industries Association (SEIA) and Alta Energy jointly released a white paper highlighting an underutilized financing tool that can help boost commercial and industrial (C&I) solar development nationwide.

Urban Grid Holdings, LLC (Urban Grid), a leading developer and financier of solar projects throughout the United States, is pleased to announce the completion of two solar installations for Allegany County, Maryland totaling 2.14 MW.

Rimini Street, Inc., (Nasdaq: RMNI), a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products, today announced that Solar Frontier K.K., a leading developer and distributor of residential and industrial CIS (copper, indium and selenium) solar panels based in Japan, has adopted Rimini Street for support of its SAP ERP applications. Solar Frontier moved to Rimini Street third-party support to reduce annual SAP vendor maintenance costs, achieve business efficiencies and help drive investments in other critical areas of the business, including data analysis and supply chain management.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180523006351/en/

 
Solar Frontier K.K., a leading developer and distributor of residential and industrial solar panels ...

Solar Frontier K.K., a leading developer and distributor of residential and industrial solar panels based in Japan, has adopted Rimini Street for support of its SAP ERP applications. (Photo: Business Wire)

Limited Value from Vendor Annual Support Drives Switch

 

Solar Frontier began using SAP ECC 6.0 in 2010 when parent company Showa Shell Sekiyu completed its SAP implementation. With only a few customizations and minimum add-ons, Solar Frontier’s SAP application was stable and mature, and the frequency of support usage was low. Yet, vendor response to issues was slow, sometimes taking several weeks. Solar Frontier determined that the level of service and response from SAP was not commensurate with the annual maintenance costs paid. In addition, the company sought to achieve greater organizational efficiencies and cost savings by integrating and streamlining its separately managed IT infrastructure and reducing the cost to manage its applications. In looking at options to optimize the cost of maintaining the various application software and IT services, Solar Frontier turned to Rimini Street.

 

Rimini Street Premium Support Gains Attention

 

Soon after initial discussions with Rimini Street, Solar Frontier began to develop significant interest in the Company’s premium support capabilities.

 

“At first, we only looked at the cost merits of Rimini Street, but we soon came to understand that their support quality is much better compared to SAP, based on discussions with various clients and industry analysts,” said Yasuharu Takeuchi, department manager, IT Planning & Promotion Department, Solar Frontier K.K. “My interest in Rimini Street increased and I became convinced that there was no reason not to engage in their services. In fact, I was impressed by the fact that there was a company providing such services.”

 

As with all Rimini Street clients, Solar Frontier has a senior-level Primary Support Engineer (PSE) with an average of 15 years’ experience assigned to them. Rimini Street PSEs provide 24/7/365 support for all issues, including support for customizations, with a guaranteed response time of 15 minutes or less for Priority 1 critical cases.

 

Savings Lead to New Investments to Prepare for the Future

 

Using the savings generated by switching to Rimini Street, Solar Frontier will drive strategic initiatives and intends to expand a wide range of systems that will help the company prepare for the future.

 

“The judgment criteria to achieve our goals in IT investment is whether the costs ultimately contribute to the company's performance. Regularly reviewing our spend to determine if the investments are meaningful is important,” said Mitsuyoshi Sano, IT Planning & Promotion Department, Solar Frontier K.K. “We rebuilt our data analysis and sales management systems last year, which are mainly being used by the sales department today. We are also improving the functionality of our peripheral systems for management and other department users, with the goal to help improve business performance overall.”

 

In addition, Solar Frontier will optimize IT investments to strengthen supply chain-related systems, such as the management of inventory and logistics.

 

“Nearly all Japanese companies are now promoting digital transformation as part of their organization's growth strategy, with cost optimization remaining a major business opportunity,” said Yorio Wakisaka, general manager – Japan, Nihon Rimini Street. “Solar Frontier has succeeded in improving many areas of its business, including operational efficiencies and strategic investments. By looking to its next level of cost reforms to include integration of IT infrastructure along with support services from Rimini Street, they are now able to deploy personnel to strategic projects and have gained flexibility and cost advantages to enable the future road map of their core systems. This benefit can be enjoyed by many other companies as well.”

 

About Rimini Street, Inc.

 

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products. The Company has redefined enterprise software support services since 2005 with an innovative, award-winning program that enables licensees of IBM, Microsoft, Oracle, Salesforce, SAP and other enterprise software vendors to save up to 90 percent on total support costs. Clients can remain on their current software release without any required upgrades for a minimum of 15 years. Over 1,580 global Fortune 500, midmarket, public sector and other organizations from a broad range of industries currently rely on Rimini Street as their trusted, third-party support provider. To learn more, please visit https://www.riministreet.com/, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn. (C-RMNI)

 

Forward-Looking Statements

 

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our second quarter and annual 2018 revenue guidance, industry, future events, future opportunities and growth initiatives, hiring plans, estimates of Rimini Street’s total addressable market, and projections of customer savings. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse litigation developments or government inquiry; the final amount and timing of any refunds from Oracle related to our litigation; our ability to refinance existing debt on favorable terms; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the success of our recently introduced products and services, including Rimini Street Mobility, Rimini Street Analytics, Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products; the loss of one or more members of Rimini Street’s management team; uncertainty as to the long-term value of RMNI common stock; and those discussed under the heading “Risk Factors” in Rimini Street’s Annual Report on Form 10-K filed on March 15, 2018, as updated from time to time by Rimini Street’s Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. There may be additional risks that Rimini Street presently knows or that Rimini Street currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

 

© 2018 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

 

 
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https://www.businesswire.com/news/home/20180523006351/en/

New Delhi, India, 22 May, 2018 − Less than a year after rolling out its partner program in India, REC Group, the leading European brand for solar photovoltaic (PV) panels, this month completed the first wave of training for rooftop solar installers for close to 100 companies nationwide. Active in many countries worldwide, the hugely popular REC Solar Professional Program promotes and rewards long-term alliances between REC and the EPC companies which install the solar systems, ensuring excellence along the downstream value chain.New Delhi, India, 22 May, 2018 − Less than a year after rolling out its partner program in India, REC Group, the leading European brand for solar photovoltaic (PV) panels, this month completed the first wave of training for rooftop solar installers for close to 100 companies nationwide. Active in many countries worldwide, the hugely popular REC Solar Professional Program promotes and rewards long-term alliances between REC and the EPC companies which install the solar systems, ensuring excellence along the downstream value chain.


The REC Solar Professional Program is one of two platforms of support for the company’s partners in India and around the world. The REC Global Partner Program provides distributors with a range of services, tools and benefits to grow business profitably with REC products. The REC Solar Professional Program offers installers a unique package of training, skill-building and certification to ensure global best practice in system installation. Alongside India, the successful channel programs are in operation in several countries in the APAC region, including Indonesia, Thailand, Australia and, the latest addition, Taiwan.


Training and certification under the REC Solar Professional Program, which wraps up in India this month, was held in six cities across the country: New Delhi, Jaipur, Bangalore, Chennai, Mumbai and Pune. 156 solar professionals from 95 companies are the program’s first graduates in India, gaining expertise on the technical and commercial aspects of rooftop solar installations, aligning them to the global best practices of rooftop solar. The freshly-certified installers are eligible for a range of benefits, including an extended product warranty and a range of sales and marketing tools to promote their own business.


These results were achieved in a remarkably short time. It was only last September that REC launched its channel programs in India and designated the country’s first Platinum Partner, Redington, provided a strong platform to help secure solar installers and system integrators for installations with REC’s award-winning solar panels.


Feedback from training participants in India has been consistently positive, with many applauding REC for its commitment to engaging directly with installers. Rohit Kumar, Head of Indian Subcontinent at REC Group, outlines why the program is such a success: “The REC Solar Professional Program is unique as it works on two levels: it forges a direct connection between the small installers and REC as the manufacturer, and it also gets everyone on the same platform, connecting the end consumer, installer and manufacturer with one another. It’s also unique in that it provides a structured approach to rooftop installations. This is becoming crucial in India, as there are many skill gaps since it is a relatively new segment.”


To date, more than 1300 installers have come through REC’s Solar Professional Program worldwide, with numbers set to surge in 2018: training and certification for a further 300 installers is planned. The focus on training solar professionals in India reflects the country’s importance for REC. Shipment volumes have surged upwards in this rapidly expanding market, with REC recording year-on-year shipment growth in excess of 120% to year end 2017. As stated in the REC’s Q4 2017 Solar Market Insight report, cumulative shipments to India totalled over 260 MW to the end of 2017, making REC the largest European player in the market.


RSA delegation led by Shri Sunil Bansal, General Secretary met Mr. Devendra Bhushan Gupta, Hon'ble Chief Secretary-Government of Rajasthan today to discuss critical issues of solar sector. The delegation included leading industry stakeholders from Hindustan Zinc Ltd, Fortum India, Diwakar Solar, Ohms Energy, Shri Shakti Alternative Energy, Malpani Group, and Tecso projects, Rays Power Infra, Rays Power Expert and Sungrow. The delegation congratulated Shri Gupta on his new appointment. RSA delegation explained the burning issues faced by Solar Power Industry in State. Some of the significant issues are: Open Access,Renewable Energy Certificates, and Clarity on status of GST in state. 


Open Access: Some of the issues from industry are: Electricity Duty: - It should be waived for 5 years or lifetime of project. Further Banking Facility should be provided & Cross Subsidy Charges for purchase of RE Power should also be waived for 5 years or life time-25 years. Transmission & Wheeling Charges and losses for captive & Bilateral Sale & purchase of RE Power should also be waived for 5 years or lifetime of project. Intra State Transmission Charges should also be applicable on actual PLF of the renewable projects. Clarity on Additional Surcharge should also be provided. Water Cess is not justified and also should be removed.

 


Renewable Energy Certificate (REC): RERC order to leave on State Govt to renew PPA for REC Projects beyond March 2019 was also highlighted. Big question for solar Renewable Energy Certificate (REC)investors is as they have invested Crore of rupees in state and currently No Solar REC certificates are traded since past one year or so and furthermore, there is no light of relief in near future. Discoms giving indication to sign PPA's at lowest discovered solar tariff which is decreasing every year. Clear Policy mandate from Govt of Rajasthan to sign PPA atleast at last discovered APPC of 2019 i.e. more than 3.7 (APPC for 2018) was requested. 


Clarity on GST / Tax applicable: -This is common problem with solar power related companies as tax authorities claim that only solar module is VAT exempted (earlier) / now GST 5% applicable. But in fact all PV solar energy systems and solar energy equipment is in purview of GST 5% applicable slot. RSA requested to issue necessary directions to commercial taxes department to specifically implement above. 
Chief Secretary attentively heard the grievances of Solar Power Stakeholders and assured to solve the possible issues and do his level best towards bring Rajasthan on top of national solar map.


RSA thanks again Chief Secretary for his valuable time and efforts.

 Sunil Bansal General Secretary

Designed as 5-10 KWp plug-and-play kits, these rooftop systems can be installed in a matter of hours

Designed as 5-10 KWp plug-and-play kits, these rooftop systems can be installed in a matter of hours

Hartek Solar targets rooftops of kanal houses, housing societies, nursing homes, small commercial establishments, hotels in Tricity as well as MSMEs in industrial clusters in Ludhiana, Dera Bassi, Baddi and Mandi Gobindgarh

Migné-Auxances, France, 17th May, 2018,Migné-Auxances, France, 17th May, 2018,After the first ground mounted solar project of 5 MW AC commissioned in March 2017 in the state of Uttarakhand, India, the Technique Solaire group continues its international growth by winning their second project in the state of Maharashtra, India. The construction of this solar photovoltaic power plant of a total capacity of 20 MW AC will take place in 2019.

This new success marks a new step into Technique Solaire’s development in India.With an objective of 100 GW to be installed by 2022 and the creation of the International Solar Alliance (ISA) in partnership with France, the Indian government makes solar energy development a priority. Despite a very strong competitive environment for solar sector in India, this win indicates Technique Solaire’s ability to realize large-scale projects.

With the projects won during the last tenders in France of the Commission de Régulation de l’Energie (CRE), the group now has a “pipeline” of 90 MWp solar photovoltaic projects to be built within the next 20 months. In addition, the group will launch the construction of its first Biogas injection plant in the second semester of 2018.

In parallel, Technique Solaire continues to study new opportunities for the group in one or two other countries.

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  • AzureAzure Power Solar Plant
Azure Power (NYSE: AZRE), a leading independent solar power producer in India, announced that its portfolio has crossed the 2 GW milestone by winning four 50 MW projects for a cumulative capacity of 200 MWs in the state of Maharashtra. The solar power project was auctioned by Maharashtra State Power Generation Co. Ltd. (Mahagenco), the second highest generation company in India, which is owned by the Government of Maharashtra. Azure Power will sign a 25 year Power Purchase Agreement (PPA) with Mahagenco at a tariff of INR 3.07 (~US 4.7 cents) per kWh. The project will be developed outside a solar park and is expected to be commissioned in 2019. These 200 MWs won are in addition to the recently 130 MWs won with Maharashtra State Electricity Distribution Company Limited (MSEDCL) in Maharashtra, bringing Azure Power’s total portfolio to 337 MWs, making the company one of the largest solar power suppliers to the state.
 
Commenting on the occasion, Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer, Azure Power said, “We started with the vision of providing affordable solar power for generations and the mission to be the lowest cost power producer in the world. Through our collective efforts and support from our stakeholders, we have achieved this important milestone of crossing a 2 GW portfolio through large scale, mini/micro grid and rooftop solutions across the entire country. This achievement is a testament to our strong project development, engineering, and execution capabilities. We are delighted to make this contribution towards the realization of our Hon’ble Prime Minister’s commitment towards clean and green energy, through solar power generation.”
 
Azure Power was founded by Inderpreet Wadhwa in 2008 with a vision of providing affordable solar power in an efficient, sustainable and socially responsible manner. Azure Power has rapidly grown to become one of the largest solar power developers in the India. The company started its journey over ten years ago by developing India’s first private utility scale solar plant, a 2 MW plant in Awan Punjab. Over the last decade, the company has witnessed tremendous growth and has installed over 1,000 MWs of solar capacity, with a footprint across 23 states in India. Approximately 80% of Azure Power’s projects are with counterparties with domestic debt ratings that are A or higher and the company is backed by several marquee investors such as Caisse de dépôt et placement du Québec (CDPQ), International Finance Corporation (IFC), HelionVenture Partners, Foundation Capital, Société de Promotion et de Participation pour la Coopération Économique (PROPARCO), Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) and Netherlands Development Finance Company (FMO).

About Azure Power

Azure Power (NYSE: AZRE) is a leading independent solar power with a pan-Indian portfolio. With its in-house engineering, procurement and construction expertise and advanced in-house operations and maintenance capability, Azure Power provides low-cost and reliable solar power solutions to customers throughout India. It has developed, constructed and operated solar projects of varying sizes, from utility scale, rooftop to mini & micro grids, since its inception in 2008. Highlights include the construction of India’s first private utility scale solar PV power plant in 2009 and the implementation of the first MW scale rooftop project under the smart city initiative in 2013.
 
For more information, visit: www.azurepower.com.
 
Forward Looking Statements
 
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s future financial and operating guidance, operational and financial results such as estimates of nominal contracted payments remaining and portfolio run rate, and the assumptions related to the calculation of the foregoing metrics. The risks and uncertainties that could cause the Company’s results to differ materially from those expressed or implied by such forward-looking statements include: the availability of additional financing on acceptable terms; changes in the commercial and retail prices of traditional utility generated electricity; changes in tariffs at which long term PPAs are entered into; changes in policies and regulations including net metering and interconnection limits or caps; the availability of rebates, tax credits and other incentives; the availability of solar panels and other raw materials; its limited operating history, particularly as a new public company; its ability to attract and retain its relationships with third parties, including its solar partners; its ability to meet the covenants in its debt facilities; meteorological conditions and such other risks identified in the registration statements and reports that the Company has filed with the U.S. Securities and Exchange Commission, or SEC, from time to time. In the press release, portfolio and the project represent megawatts capacity of solar power plants pursuant to PPAs, signed or allotted or where the Company has been cleared as one of the winning bidders or won a reverse auction but has yet to receive a letter of allotment. All forward-looking statements in this press release are based on information available to us as of the date hereof, and the Company assumes no obligation to update these forward-looking statements.

JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it has supplied 23MW of high-

For AlsoEnergy, the top selling independent monitoring provider for commercial PV in North America, this partnership is an opportunity to extend international coverage for sales and support.

High voltage switchgear to support Saudi Arabia’s first integrated solar and natural gas power plant

Your Excellency, प्रधानमंत्री

मेरे मित्र

मार्क रूट

Distinguished Delegates,

Members of the Media,


Friends,

प्रधानमंत्री मार्क,


और उनके साथ आए शिष्टमंडल का भारत में हार्दिक स्वागत है। मुझे विशेष रूप से प्रसन्नता है कि प्रधानमंत्री मार्क के साथ उनके 4 कैबिनेट सहयोगी, हेग के मेयर और 200 से अधिक business प्रतिनिधि भी भारत आए हैं। Netherlands से भारत आने वाला यह सबसे बड़ा business प्रतिनिधिमंडल है। और यह साफ़ दर्शाता है कि हमारे trade and investment संबंधों में कितना डाईनामिस्म है। कितनी संभावनाएं हैं। 2015 में प्रधानमंत्री रूट पहली बार भारत आए थे। 2017 में मेरा Netherlands जाना हुआ था। और हमारा तीसरा summit आज हुआ है। ऐसे बहुत कम देश हैं, जिनके साथ हमारे संबंधों में high level visits का इस प्रकार का momentum है। और इस momentum के लिए, भारत के साथ संबंधों को निजी रूप से प्राथमिकता देने के लिए, मैं मेरे मित्र मार्क का ह्रदय से अभिनन्दन करता हूँ।


Friends,

आज हम दोनों ने अपने द्विपक्षीय संबंधों में प्रगति का review किया। क्षेत्रीय और वैश्विक developments के बारे में अपने-अपने आकलन साझा किये। और हम दोनों देशों के प्रमुख CEOs से भी मिले। पिछले वर्ष जब मैं Netherlands गया था, तो मैंने मेरे मित्र मार्क से आग्रह किया था कि वे International Solar Alliance का सदस्य बनने पर सकारात्मक रूप से विचार करें। सौर उर्जा के क्षेत्र में Netherlands के पास जो technology है, जो experience है, और जो महारत है, उसका लाभ पूरे विश्व को मिलना चाहिए। और मुझे प्रसन्नता है कि आज Netherlands International Solar Alliance का सदस्य बन गया है। इस निर्णय के लिए मैं प्रधानमंत्री रूट का आभार प्रकट करता हूँ। UN Security Council से ले कर Multilateral Export Control Regimes तक, भारत और Netherlands के बीच बहुत अच्छा और क़रीबी सहयोग और समन्वय रहा है। अब International Solar Alliance अंतर्राष्ट्रीय मंच पर हमारे मजबूत सहयोग का एक नया आयाम होगा।

Friends,

भारत Dutch कंपनियों के लिए नया नहीं है। बहुत वर्षों से सैंकड़ों Dutch कंपनियां भारत में काम कर रही हैं। Netherlands भारत में अब तक हुए कुल Foreign Direct Investment के लिए पांचवां सबसे बड़ा स्रोत है। और पिछले कुछ समय में तो तीसरे सबसे बड़े स्रोत के रूप में उभरा है। उसी प्रकार भारतीय कंपनियों के निवेश के लिए भी Netherlands बहुत आकर्षक destination है। और इसलिए, दोनों देशों के CEOs से मुलाकात काफी उपयोगी है। मुझे प्रसन्नता है कि Netherlands के business समुदाय में भारत में बन रहे अवसरों के प्रति उत्साहपूर्वक भावना है। मैंने भी उन्हें आश्वस्त किया है कि भारत में economic reforms के प्रति मेरा मजबूत commitment बना रहेगा। कृषि और food processing के क्षेत्र भारत के लिए विशेष रूप से महत्वपूर्ण हैं। ये विषय हमारी Food Security से जुड़े हुए हैं। साथ ही, भारत के किसानों की आय को दोगुना करने के हमारे लक्ष्य के लिए भी इनका अहम महत्त्व है। इन क्षेत्रों में Netherlands को महारत हासिल है। पिछले वर्ष World Food India में Netherlands ने Focus Country के रूप में हिस्सा लिया था। और मुझे विश्वास है कि 2019 में इसके अगले edition में Netherlands की भागीदारी और भी अधिक होगी। मुझे प्रसन्नता है कि बारामती में सब्ज़ियों के लिए पहला Indo-Dutch Centre of Excellence शुरू हो गया है। इस प्रकार के अन्य केन्द्रों पर भी हम साथ मिल कर काम कर रहे हैं। इसी प्रकार शहरी विकास में भी हमारा सहयोग गतिमान है। वड़ोदरा और दिल्ली में waste water management के projects अच्छी प्रगति कर रहे हैं। Science and Technology में हमारे सहयोग के 10 वर्ष पूरे हो रहे हैं, और 2019 में भारत में आयोजित होने वाली Tech Summit में Netherlands द्वारा Partner Country के रूप में भागीदारी से इस सफ़ल साझेदारी को और भी मजबूती मिलेगी।


Friends,

मेरी सरकार की विदेश नीति की एक बड़ी प्राथमिकता रही है विदेश में रहने वाले भारतीय समाज के विषयों पर हमारा ख़ास ध्यान। September 2017 में सिंट मार्टन में आए Hurricane के समय भारतीय नागरिकों को सुरक्षित निकालने के विषय पर सहयोग के लिए मैं प्रधानमंत्री रूट और Netherlands की सरकार का विशेष रूप से अभिनन्दन करता हूँ।


Excellency,

मैं एक बार फ़िर भारत में आपका और आपके delegation का हार्दिक स्वागत करता हूँ।


धन्यवाद। बहुत-बहुत धन्यवाद।

***

AKT/SH/SK

The Vice President of India, Shri M. Venkaiah Naidu has said that education must aim at holistic development of an individual by imbuing the right qualities of head and heart. He was addressing the gathering after inaugurating the Academic & Seminar Complex and laying the foundation stone for Students and Research Scholars’ Hostel at Mizoram University, in Aizawl, Mizoram today. The Governor of Mizoram, Lt. Gen. (Retd.) Nirbhay Sharma, the Chief Minister of Mizoram, Shri. Lal Thanhawla and other dignitaries were present on the occasion.

The Vice President said that better infrastructure creates better conditions for quality learning to take place. He further said that it is a necessary catalyst for improving the quality in any educational institution. This campus with its infrastructure and lively environment will be a congenial place for youngsters to pursue academic ambitions and realize their dreams, he added.

The Vice President said that education must prepare the students of today to take on the challenges of tomorrow. It must not only equip them with the latest knowledge but also impart the required skill sets to enable them to be successful in their chosen fields, he added.

The Vice President advised the students also to consider becoming entrepreneurs, job givers and not merely job seekers. He further said that they have a number of alternative career paths and choose the one that they feel passionate about and work to build up their skill set accordingly. Education is for enhancement of our competence, for empowerment, for enlightenment and for employment and enhancing our employability, he added.

Following is the text of Vice President’s address:

“I am indeed extremely pleased to join you all at the inauguration of the Academic and Seminar Complex and laying of the foundation stone for Students and Research Scholars’ Hostel in this beautiful campus of Mizoram University.

Better infrastructure creates better conditions for quality learning to take place. It is a necessary catalyst for improving the quality in any educational institution. I am, therefore, pleased that these new buildings are being inaugurated and for another set of buildings, foundation has been laid.

Mizoram University, I am hopeful, will make use of these facilities and emerge as one of the leading institutions in the country.

I strongly believe that it will become an important centre of education and research not only for the students of Mizoram, but for all those living in the North East India.  This campus with its infrastructure and lively environment will be a congenial place for youngsters to pursue academic ambitions and realize their dreams.

I am pleased to see that the University has made tremendous efforts in promoting academics in the fields of Science, Arts, Commerce, and Engineering.

I am aware that Mizoram University with two campuses is striving hard to provide quality education to the people of Mizoram with 32 affiliated colleges in the state of Mizoram. I am told that Mizoram University was ranked 81th under the ‘University Ranking’ by NIRF, MHRD.. There is lot of scope for improvement and I am sure the University’s ranking will improve in the coming   years.

I am happy to note that Mizoram University, located amid scenic hills,    is home to regenerating tropical wet evergreen and semi-evergreen forests, including a protected forested water catchment reserve in the north and a small biodiversity park. You are truly blessed to have such wonderful natural surroundings.

I am also happy to note that major energy needs of the campus are met through solar power.

Sisters and Brothers,

Education must prepare the students of today to take on the challenges of tomorrow. It must not only equip them with the latest knowledge but also impart the required skill sets to enable them to be successful in their chosen fields. Education must aim at holistic development of an individual by imbuing the right qualities of head and heart.

Education is for enhancement of our competence, for empowerment, for enlightenment and for employment and enhancing our employability.

Education must lay the foundation for a strong character with uncompromising integrity, ethical values and inclusive outlook. It is imperative for today’s youngsters to be the torchbearers of a New India that will take its rightful place in the comity of nations.

The biggest strength of our country is the human resource capital—today about 65 per cent of the population is below the age of 35 years. We need to fully tap this human resource potential to make India a leading economic power in the world. For that to happen, institutions like Mizoram University must play a pivotal role and reorient their syllabi as also the teaching methods.

Dear students,

India has made rapid strides in various fields since attaining Independence. Yet the country is still grappling with problems like poverty, illiteracy, atrocities on women and weaker sections, religious fundamentalism and terrorism. We have to collectively strive to eradicate various problems hampering the progress of the country. 

Students are the future citizens of the country.  In this globalized, highly competitive era, possessing a graduation or post-graduation degree is not enough and one needs to undergo job-oriented training. The universities in collaboration with the industries must initiate training programmes that are in tune with the demands of the market. On its part, the government has launched a massive Skill India programme to provide employment avenues to lakhs of youth across India.

As a matter of fact, the employers are facing difficulty in finding recruits with requisite competencies. Hence, skills training helps develop job-related competencies to enable the candidates excel in their career.  The students must utilize various opportunities provided by the Government of India particularly for improvement of skills, through various skill development courses. Depending on the type of career or profession you choose, specific skills and abilities have to be acquired, apart from possessing a sound knowledge required for the job.

Dear Students,

You should also consider becoming entrepreneurs, job givers and not merely job seekers. You have a number of alternative career paths. Choose the one that you feel passionate about and work to build up your skillset accordingly.

Sisters and brothers,

I am glad that this University is focusing on research and there are quite a few researchers in the audience today. Research and teaching are two main functions of any University. It is important that we must improve the quality of both these. We should  focus on relevant research so that we find practical solutions to contemporary problems.

I am very happy to note that Mizoram University has introduced several MOOC courses, job oriented certificate and diploma courses, and skill development courses for training of students.  

Sisters and brothers,

As the country’s economy moves on to a higher trajectory, more and more opportunities will open up for the youth. In fact, a news report recently stated that a study by a global executive search firm had forecast that India will be the only major economy with potential for talent surplus by 2030.

With the Union Government’s Look East and Act East policy, a lot many opportunities will most likely open up. Please try to keep yourself aware of emerging opportunities and seize them- first to enhance your knowledge and later to access career opportunities.

My suggestion to all of you is not to tread on beaten paths. Be creative, innovative and explore unchartered territories for making a mark in your career. Finally, I would like to recall the advice given by former President A P J Abdul Kalam—dream big and work hard to achieve your goals. There is no substitute to hard word, dedication and perseverance. Remember that there are no short cuts either to success. 

In fact, Dr. Kalam and Prime Minister, Shri Narendrabhai Modi are the best examples of how an ordinary citizen through hard work and dedication can rise to occupy the highest positions in the country. Both of them coming from very humble backgrounds are a source of inspiration to all Indians.

Dear students, our country has a rich civilizational history and culture, which has survived through the ages. It is important for all you to remain connected with our culture, traditions, heritage, customs and ethos, irrespective of time and place. With the campus located in such exquisite natural surroundings, I am sure all of you are aware of the importance to co-exist with the nature. Live with nature and promote culture for a better future.

I hope that the Mizoram University will emphasize these aspects and achieve the objectives of the University by imparting quality education and training to students.

My best wishes to students, scholars, faculty and employees of the University for a great future ahead.

 

JAI HIND!

***

AKT/BK/RK

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its ex-post facto approval for the Memorandum of Understanding (MoU) between India and Morocco on India-Morocco Cooperation in Renewable Energy.  The MoU was signed on 10th April, 2018 in New Delhi.

Both sides aim to establish the basis for a cooperative institutional relationship to encourage and promote technical bilateral cooperation on new and renewable energy issues on the basis of mutual benefit, equality and reciprocity. The MoU envisages establishing a Joint Working Committee to review, monitor and discuss matters relation to areas of cooperation. The MoU aims for exchange of expertise and networking of information.

  The MoU will help in strengthening bilateral cooperation between the two countries.                                 .

***

AKT/VBA/SH

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its ex-post facto approval tothe Memorandum of Understanding (MoU) signed between India and France in the field of Renewable Energy on 10th March, 2018 in New Delhi.         

Both sides aim to identify research/ demonstration/ pilot project between National Institute of Solar Energy (NISE), India and Commissariat aI'EnergieAtomique et aux Energies Alternatives (CEA), France in the mutually identified areas. Based on mutual agreement, both parties would work for implementation & deployment of pilot project in ISA member countries. Collaboration may occur through several means, including joint research projects, joint R&D, joint workshops, Research and Technology exchange including exchange of domain experts. The MoU also aims for exchange of expertise and networking of information.

The MoU will help in strengthening bilateral cooperation between the two countries.

****

AKT/VBA/SH

The Minister of State for Human Resources Development, Shri Upendra Kushwaha inaugurated the Annual Summer Fiesta for children of Delhi NCR region in New Delhi today. The Summer Fiesta has been organized by the National Bal Bhawan, an autonomous organization under the Department of School Education & Literacy, Ministry of HRD for Vacationing children of Delhi NCR. The Fiesta is an annual event for children in the age group of 5-16 years to provide them learning opportunities in the world of Innovation, Curiosity and Happiness and to utilize their summer vacation through various creative activities. The Festival will run from 23rd May-22nd June, 2018.

Speaking on the occasion, the Shri Upendra Kushwaha said that we have indefinite power within ourselves and if we use all our might we can achieve anything in life. He appealed to the children to pursue their dreams with full spirit, energy and positive attitude; and success will come back to them. He also congratulated the officials of National Bal Bhawan for the wonderful cultural programme and wished them success in the future endeavors.

Secretary, Department of School Education & Literacy, Shri Anil Swarup, Joint Secretary, MHRD, Shri V Shashank Shekhar, Joint Secretary, MHRD, Shri Maneesh Garg were also present on the occasion.

Main attractions of the Summer Fiesta are:

  1. Special Innovative hands on activities for children between 5 to10 years.
  2. Attractive workshop like Kalighat Painting, Exploring the traditions of Mask Making, Kahani Kagaz ki, Making of Puppets, Aerobic, Judo, Portrait Making, Birds of Bal Bhavan, Photography, Photoshop.
  3. Field Visits, Sports Activities, Science Activities, Performing Arts, Creative Arts, Cooking, Museum Technique Club, Publication Related Activities, Story Telling Creative Writing etc.
  4. Train Ride, Aviary, Magic Mirrors, Museum Galleries, Traffic Park, Souvenir Shop, Village etc.
  5. Cultural Craft Conservation Convention (CCCC) at Village. Artists to teach Pottery, Paper Mache, Craft etc.
  6. Transport facility available for girls upto 16 years and boys 13 years in summer vacation for more information please contact National Bal Bhavan, Kotla Road, New Delhi-110002, Contact No-23234701, website: http://www.nationalbalbhavan.nic.in.

 

List of special workshops during Summer Fiesta

S.No.

Activity

Date

1.

Charcoal sketching

29.05.2018 to 02.06.2018

2.

Water Color painting workshop-Kalighat style

02.06.2018 to 09.06.2018

3.

Portrait painting (poster color use)

12.06.2018 to 16.06.2018

4.

Let’s know about the Life of Early Man

2 to 9 June

5.

‘Story of Indian Currency’

12th to 16th June

6.

Blind walk

First week of May

7.

Make music from natural objects

Second /third week of May

8.

Make it with Solar Energy

30th May, 2018

9.

Celebration of World Environment Day

5th June

10.

Visit to Indira Parayavaran Bhavan

Second week of June

11.

Compost making

Second week of June

12.

Workshop by-Teach for Green

World Environment Day

13.

Bird feeder

22nd May

14.

Bottle aquarium

25th May

15.

Hydroponic /Aquaponics

29th May to 20th June

16.

Pollution catcher

1st – 15th June

17.

Prehistoric life

3rd week of June

18.

Fun with water

22nd of June

19.

Computer Awareness Programme

18 & 19 June, 2017

20.

Educational Visit at Mausam Bhavan

30 May

21.

Cyber Safety Day

9 June

22.

Cyber Safety Carnival

15 June

23.

Workshop on Electrical Gadgets & Domestic Wiring

10-12 May

24.

World Telecommunication Day

17th May

25.

Workshop on Computer Assembling

24-26 May

26.

Workshop on HAM Radio

1-15 June

27.

Poem Writing & Recitation Competition(W.E.D)

5-6 June

28.

Slogan Writing Competition on “World Day against Child Labour”

12 June

29.

Story Telling and Creative Writing activities

During summer fiesta

30.

Frock making-Stitchery

May-June

31.

Basket Ball

May-June

32.

Aerobics

May-June

33.

Table Tennis

May-June

34.

Basics of Photoshop

June last week

35.

Aeromodelling chuck glider and tow line glider flying workshop

2ND – 15th May 2018

36.

Aeromodelling /Indian Air Force Museum Palam visit

16TH – 29th May 2018

37.

AEROMODELLING CONTROL LINE MODEL CONSTRUCTION WORKSHOP

6TH -30th June 2018

38.

Hindi Karyashala for children

Quarterly

 

*****

NB/AKJ/YP/AK/RK

 

One day Regional Conference on “Clean and Renewable Energy” as a lead up event to 3rd Annual Meeting of Asian Infrastructure Investment Bank(AIIB) held in Bhopal;

Due to various tax incentives and other initiatives of the Government of India in last 3-4 years, investment in Renewable Energy Sector has increased manifold; Recommends among others creation of Payment Security Fund to deal with the delays in DISCOM payments; PPP, Inventing Storage Technologies and Capacity Development etc. would be critical for success of investments in the Sector.

The Minister of New and Renewable Energy, Govt. of Madhya Pradesh (MP), Shri Narayan Singh Kushwah inaugurated the one day Regional Conference on the theme of “New and Renewable Energy” in Bhopal, Madhya Pradesh yesterday. This was sixth such Regional Conference in the series in a lead-up to 3rd Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB) which is being hosted by the Ministry of Finance, Government of India in collaboration with AIIB, Government of Maharashtra, RIS and CII among others in Mumbai on 25th and 26th June, 2018. The one day Seminar in Bhopal was also organized by the Ministry of Finance, Government of India in collaboration with the Asian Infrastructure Investment Bank (AIIB), Research and Information System for Developing Countries (RIS) and the Federation of Indian Chamber of Commerce and Industries (FICCI).

 

In his Address, the Minister of New and Renewable Energy, Govt. of Madhya Pradesh (MP), Shri Kushwah said that the Government of MP is putting a lot of focus on the infrastructure development for promoting the New and Renewable Energy in the State. He said that Madhya Pradesh is among the front runners in the country as far as generation of power through renewables is concerned. Shri Kushwah mentioned that the State of Madhya Pradesh is generating about 3,900 MW of power through renewables at present and contributing about 18% of the total consumption of power in the State while it was generating only 438 MW in 2012. The Minister said that the theme of the Conference “Clean and Renewable Energy” will provide an opportunity to do an in depth analysis of the infrastructure related issues to this sector. He thanked the Ministry of Finance, Government of India for choosing Bhopal for this Conference and hoped that the discussions there in will help in resolving various technical, financial and Regulatory issues related to this important Sector.

 

  Following are the major outcomes of the discussions held during different Sessions of the one day Conference on ‘Clean and Renewable Energy’ in Bhopal :

 

  • There exists immense transformative potential of renewable energy in India both in view of meeting rising energy demand and from the well-being of the society.

 

  • Power sector is experiencing profit in certain segments even though the sector as a whole requires a major turnaround.

 

  • Per capita energy consumption is rising in India; hence the renewable energy sector would be a supplementary source of energy in the country.
  • Stringent rigidities in this Sector have to be addressed for better outcomes.
  • Due to various tax incentives and new initiatives of the Government of India in last 3-4 years, investment in Renewable Energy Sector has increased manifold.
  • A rational view of markets needs to be taken while planning for any energy transition. In other words, market forces have to be respected.
  • Besides cleaner sources of energy, the clean parameters apply equally to transmission and consumption as well.
  • Solar and wind prices have gone down substantially which is good to consumers. Unlike the usual case, investments in the sector have not fallen due to fall in rates.
  • Renewable energy has become more economical in the recent years than before.
  • Bankability of projects is the key to attract sustained flow of capital to the RE sector. It is estimated that the sector may utilize the $3 trillion potential investment in the sector provided that the projects are bankable.
  • Payment Security Fund may be created to deal with the delays in DISCOM payments.
  • Public Private Partnership (PPP), inventing storage technologies and capacity development etc would be critical for success of investments in the Sector.
  • International Solar Alliance focuses on massive deployment of technology which would contribute significantly to energy transition and the future energy mix.
  • Climate change adaptation and mitigation are being factored into energy projects.
  • Issues in roof-top solar have to be addressed amicably.
  • Instead of project-based bonds, innovative instruments like bridge equity, patient capital, green bonds may be explored.
  • De-risking of projects is necessary.
  • Governance, predictability and rate of return are three pillars that determine the flow of capital to the RE sector. It is not just the rate of return but the governance and predictability part is equally important for the success of investment in RE>
  • Concentration of RE projects in some states necessitates proper RE policy in other states as well.
  • Viability of distributed panels needs to be addressed.
  • Integrating different sources of renewable energy is an efficient model of meeting energy demand at affordable prices.
  • The idea of socializing a part of the costs of RE may be thought of.
  • Distribution companies can take the responsibility of payment assurance. Likewise, other innovations may be explored.
  • Potential of Floating solar can be taken into consideration in the RE mix.
  • Co-financing, securitization, masala bonds are the possible instruments of raising resources in the markets and tackling financing requirements of the RE sector.

 

  • Financing is not the issue, but efficient financing matters.
  • Geothermal energy is also a potential source of energy in in the North Eastern parts of India.

 

  • Disparity in terms of regulatory landscape, capability, potential and willingness across the states.
  • Challenges of the import dependence and then challenges in terms of technology deployment, financial mechanism, land availability, storage capacity are to be addressed.
  • IT can play important role in smart grid management. Likewise, government programmes like Make-in India and skill development can be crucial for exploiting of RE.
  • There is need for economical financing in order to bring down the tariffs.

***************

DSM

 

Canadian Solar, one of the world's largest solar power companies, has acquired 97.6MWp solar photovoltaic project in Cafayate, Salta Province, Argentina.

The Cafayate Project was awarded in the second public renewable energy tender in Argentina, receiving a USD denominated 20-year Power Purchase Agreement at US$56.28/MWh. Canadian Solar plans to start construction on the plant in July 2018. Once connected to the grid by Q2 of 2019, the plant will generate approximately 235,777 MWh of electricity per year, which will be sold to CAMMESA.

Verano Capital, an American project developer headquartered in Santiago, announced  that the 47 MW solar project they initially developed was selected in Chile’s latest energy tender with a winning bid at $25.38/MWh, the lowest 24/7 block price combining solar and wind ever recorded in the history of energy tenders.

The twin-island state Antigua and Barbuda has taken a leading role in terms of clean energy supply in the Caribbean.

Tamarugal Solar Project in the Tarapacá region will provide reliable, non-intermittent electricity from solar energy 24-hours a day 

SolarXXL is an already well known and successful company for photovoltaics in Europe.

France’s EDF Renewable Energy (EN) has inaugurated the 146 MW Boléro solar plant in the Atacama Desert of Northern Chile, according to a press release.

SAN FRANCISCO, May 24, 2018 /PRNewswire/ -- ForeFront Power and Los Altos School District (LASD) in California celebrated the completion of solar canopy systems across nine District schools today. The ceremony at Oak Avenue Elementary School also included Sunworks, the primary construction contractor, and TerraVerde Energy, the District's procurement consultant. The 1.4-megawatt (MW) portfolio is now delivering clean, renewable energy to the schools at a price below their grid rate.

LASD is receiving solar energy at no upfront cost and without the use of bond funds using a Power Purchase Agreement (PPA) framework with ForeFront Power. Through a PPA, ForeFront Power is responsible for all project financing, engineering, construction, operations, and maintenance for a 20-year project term. As a result, the solar portfolio is expected to save the District over $175,000 annually and up to $2.7 million within the first ten years of operation.

"The Los Altos School District has a history of financial prudence and commitment to providing top-notch education for every single one of our students. The completion of this project immediately begins a cost savings that will contribute to quality education in all of our schools," said Superintendent, Jeff Baier.

Understanding the importance of a stable learning environment, ForeFront Power coordinated closely with LASD to construct and complete the systems during the school year with minimal impact to school activities.

"Not only were our projects successfully completed, but we also gained infrastructure for future electric vehicle charging and improved ADA compliance. The cost savings are crucial and a great benefit for our students and teachers," said LASD Chief Business Official Randy Kenyon. "The ForeFront Power team went above and beyond the original project scope."

ForeFront Power included Data Acquisition Systems (DAS) that integrate with online system performance monitoring software and flat screen televisions that were installed in the front office of each school. All schools will also receive free solar energy lesson plans and curricula through ForeFront Power's exclusive partnership with Schools Power. These lesson plans promote a technical understanding of solar energy as well as career and college readiness training to prepare the next generation of leaders for solar jobs.

"These projects highlight our desire to fully integrate solar energy into the learning environment at each school," said ForeFront Power Chief Strategy Officer, Daniel Taylor. "From shade on the playground to hands-on activities in the classroom, we hope students will understand the myriad impacts of on-site solar energy."

These nine solar projects are expected to offset the equivalent of 1,754 tons of carbon dioxide avoidance or 336 cars taken off the road for the first year of production – per the EPA Greenhouse Gas Equivalencies Calculator.

For more information about ForeFront Power and solar energy for schools, visit k12.forefrontpower.com.

About Los Altos School District

Los Altos School District operates seven elementary and two junior high schools and is a top-rated school district in the State of California. LASD serves more than 4,500 K-8 students from portions of Los Altos, Los Altos Hills, Mountain View and Palo Alto. All nine schools in LASD have been recognized as California Distinguished Schools and/or National Blue Ribbon Schools. LASD is nationally recognized as a leader in educational innovation and for its many awards. Read more about LASD programs at iLearn Blogspot and follow on Twitter @lasdk8.

About ForeFront Power

The ForeFront Power team has more than a decade of renewable industry experience, serving business, public sector, and wholesale power customers around the world. Our team has developed over 800 MW of capacity across more than 1,000 projects, targeted on assisting public sector agencies and C&I firms to deliver the most impactful behind-the-meter, off-site, and wholesale solutions. ForeFront Power is a wholly owned subsidiary of Mitsui & Co., Ltd., a global energy infrastructure and investment leader.

Forward Looking Statements

Matters discussed in this press release contain forward-looking statements. When used in this press release, the words "anticipate", "estimate", "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to various risks and uncertainties.

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/los-altos-sd-and-forefront-power-celebrate-completion-of-nine-solar-canopy-systems-300654801.html

SOURCE ForeFront Power

Related Links

http://www.forefrontpower.com

LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global solar cover glass market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022.

According to Technavio market research analysts, the global solar cover glass market will grow at a CAGR of close to 31% during the forecast period. The rise in solar PV installations is a major factor driving the market’s growth. Factors such as population growth and technological advances in the field of electrical and electronic appliances have increased the demand for energy. The rise in demand for industrial electric motor systems, growth in the electric appliances market, and increase in the use of HVAC systems owing to variation in temperature will increase the demand for electricity globally.

Governments of many countries have started investing in various energy projects due to the rise in demand for energy. Several countries have started increasing their investment in renewable energy owing to the growing concerns about climate change and global warming. During the forecast period, reduced carbon footprints of solar and wind energy compared with coal will drive the renewable energy market.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers

In this report, Technavio highlights the rise in deployment of microgrids as one of the key emerging trends in the global solar cover glass market:

Rise in the deployment of microgrids

Microgrids are energy systems that are combined with several sources of energy such as wind, solar, geothermal, and fossil fuels, thus negating the disadvantage of conventional grids. These grids are constructed with the aim to provide power to an entire local community, university, or a military base.

“Microgrids aid in overcoming the intermittency issue of solar power as they are equipped with storage systems for backups. They are usually used as substitutes for larger energy grids in case of emergency situations such as natural calamities. During the forecast period, the rise in the number of microgrid projects is expected to increase the demand for solar PV systems and subsequently the demand for solar glass,” says a senior analyst at Technavio.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Global solar cover glass market segmentation

This market research report segments the global solar cover glass market into the following applications (utility, commercial, and residential) and key regions (the Americas, APAC, and EMEA).

The utility segment held the largest market share in 2017, accounting for nearly 47% of the market. The market share for this application is expected to increase by 2022. The fastest growing application is commercial, which will account for nearly 28% of the total market share by 2022.

APAC was the leading region for the global solar cover glass market in 2017, accounting for a market share of nearly 72%. By 2022, APAC is expected to continue dominating the market and register the highest growth.

 

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global solar cover glass market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022.

According to Technavio market research analysts, the global solar cover glass market will grow at a CAGR of close to 31% during the forecast period. The rise in solar PV installations is a major factor driving the market’s growth. Factors such as population growth and technological advances in the field of electrical and electronic appliances have increased the demand for energy. The rise in demand for industrial electric motor systems, growth in the electric appliances market, and increase in the use of HVAC systems owing to variation in temperature will increase the demand for electricity globally.

Governments of many countries have started investing in various energy projects due to the rise in demand for energy. Several countries have started increasing their investment in renewable energy owing to the growing concerns about climate change and global warming. During the forecast period, reduced carbon footprints of solar and wind energy compared with coal will drive the renewable energy market.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers

In this report, Technavio highlights the rise in deployment of microgrids as one of the key emerging trends in the global solar cover glass market:

Rise in the deployment of microgrids

Microgrids are energy systems that are combined with several sources of energy such as wind, solar, geothermal, and fossil fuels, thus negating the disadvantage of conventional grids. These grids are constructed with the aim to provide power to an entire local community, university, or a military base.

“Microgrids aid in overcoming the intermittency issue of solar power as they are equipped with storage systems for backups. They are usually used as substitutes for larger energy grids in case of emergency situations such as natural calamities. During the forecast period, the rise in the number of microgrid projects is expected to increase the demand for solar PV systems and subsequently the demand for solar glass,” says a senior analyst at Technavio.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Global solar cover glass market segmentation

This market research report segments the global solar cover glass market into the following applications (utility, commercial, and residential) and key regions (the Americas, APAC, and EMEA).

The utility segment held the largest market share in 2017, accounting for nearly 47% of the market. The market share for this application is expected to increase by 2022. The fastest growing application is commercial, which will account for nearly 28% of the total market share by 2022.

APAC was the leading region for the global solar cover glass market in 2017, accounting for a market share of nearly 72%. By 2022, APAC is expected to continue dominating the market and register the highest growth.

 

Save big with Technavio this May!

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at This email address is being protected from spambots. You need JavaScript enabled to view it..

LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global solar cover glass market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022.

According to Technavio market research analysts, the global solar cover glass market will grow at a CAGR of close to 31% during the forecast period. The rise in solar PV installations is a major factor driving the market’s growth. Factors such as population growth and technological advances in the field of electrical and electronic appliances have increased the demand for energy. The rise in demand for industrial electric motor systems, growth in the electric appliances market, and increase in the use of HVAC systems owing to variation in temperature will increase the demand for electricity globally.

Governments of many countries have started investing in various energy projects due to the rise in demand for energy. Several countries have started increasing their investment in renewable energy owing to the growing concerns about climate change and global warming. During the forecast period, reduced carbon footprints of solar and wind energy compared with coal will drive the renewable energy market.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers

In this report, Technavio highlights the rise in deployment of microgrids as one of the key emerging trends in the global solar cover glass market:

Rise in the deployment of microgrids

Microgrids are energy systems that are combined with several sources of energy such as wind, solar, geothermal, and fossil fuels, thus negating the disadvantage of conventional grids. These grids are constructed with the aim to provide power to an entire local community, university, or a military base.

“Microgrids aid in overcoming the intermittency issue of solar power as they are equipped with storage systems for backups. They are usually used as substitutes for larger energy grids in case of emergency situations such as natural calamities. During the forecast period, the rise in the number of microgrid projects is expected to increase the demand for solar PV systems and subsequently the demand for solar glass,” says a senior analyst at Technavio.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Global solar cover glass market segmentation

This market research report segments the global solar cover glass market into the following applications (utility, commercial, and residential) and key regions (the Americas, APAC, and EMEA).

The utility segment held the largest market share in 2017, accounting for nearly 47% of the market. The market share for this application is expected to increase by 2022. The fastest growing application is commercial, which will account for nearly 28% of the total market share by 2022.

APAC was the leading region for the global solar cover glass market in 2017, accounting for a market share of nearly 72%. By 2022, APAC is expected to continue dominating the market and register the highest growth.

 

Save big with Technavio this May!

Find out what companies are venturing in to beat the heat this summer! Technavio indulges you with a massive 20% OFF on all

non-alcoholic beverages reports for the entire month.

OR

Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited period.

 

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global solar cover glass market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022.

According to Technavio market research analysts, the global solar cover glass market will grow at a CAGR of close to 31% during the forecast period. The rise in solar PV installations is a major factor driving the market’s growth. Factors such as population growth and technological advances in the field of electrical and electronic appliances have increased the demand for energy. The rise in demand for industrial electric motor systems, growth in the electric appliances market, and increase in the use of HVAC systems owing to variation in temperature will increase the demand for electricity globally.

Governments of many countries have started investing in various energy projects due to the rise in demand for energy. Several countries have started increasing their investment in renewable energy owing to the growing concerns about climate change and global warming. During the forecast period, reduced carbon footprints of solar and wind energy compared with coal will drive the renewable energy market.

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In this report, Technavio highlights the rise in deployment of microgrids as one of the key emerging trends in the global solar cover glass market:

Rise in the deployment of microgrids

Microgrids are energy systems that are combined with several sources of energy such as wind, solar, geothermal, and fossil fuels, thus negating the disadvantage of conventional grids. These grids are constructed with the aim to provide power to an entire local community, university, or a military base.

“Microgrids aid in overcoming the intermittency issue of solar power as they are equipped with storage systems for backups. They are usually used as substitutes for larger energy grids in case of emergency situations such as natural calamities. During the forecast period, the rise in the number of microgrid projects is expected to increase the demand for solar PV systems and subsequently the demand for solar glass,” says a senior analyst at Technavio.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Global solar cover glass market segmentation

This market research report segments the global solar cover glass market into the following applications (utility, commercial, and residential) and key regions (the Americas, APAC, and EMEA).

The utility segment held the largest market share in 2017, accounting for nearly 47% of the market. The market share for this application is expected to increase by 2022. The fastest growing application is commercial, which will account for nearly 28% of the total market share by 2022.

APAC was the leading region for the global solar cover glass market in 2017, accounting for a market share of nearly 72%. By 2022, APAC is expected to continue dominating the market and register the highest growth.

 

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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NEW YORK, May 24, 2018 /PRNewswire/ -- Hunt Mortgage Group, a leader in financing commercial real estate throughout the United States, announced today it provided two Freddie Mac Small Balance Loans and a Fannie Mae Conventional Green mortgage to refinance a three-property multifamily portfolio located Bakersfield, California. The Hunt Mortgage Group investment totaled approximately $17 million.

The properties include:

  • Village Lane Apartments. Hunt Mortgage Group provided a Freddie Mac Small Balance Loan in the amount of $6 million to refinance Village Lane Apartments, a 200-unit multifamily property located at 5101 Marsha Street. The property consists of 33, one- and two-story buildings with 79 one-bedroom units, 120 two-bedroom apartments and one three-bedroom unit.

    With the refinance of Village Lane Apartments, the borrower will receive about $300,000 in cash-out proceeds that will be used to further renovate the subject property with green improvements. The borrower has owned the property since 1979 and in 2017 invested $60,000 in solar panels. Property amenities include two laundry rooms and a pool.

  • Park Villa Apartments. Hunt Mortgage Group provided a Fannie Mae Conventional Green mortgage in the amount of $9 million to refinance a 224-unit apartment community known as Park Villa Apartments. The loan will be executed as a Green Rewards Mortgage Loan with the borrower completing energy-saving improvements to the property post close.

    The property is located at 1405 White Lane and is comprised of 48, one-story residential buildings, including 223 one-bedroom one-bathroom apartments, (1) two-bedroom, (1) bathroom unit and (1) two bedroom one-and-a-half bathroom apartment. Park Villa Apartments was built in 1973 and has 371 open parking spaces.

    In the 2014-2016 timeframe, the borrower spent more than $250,000 on capital improvements, including repaving the asphalt, new carpets and flooring, roof tune-ups, and new water heaters. Property amenities include two outdoor and one indoor swimming pool, clubhouse, business center, fitness center, tennis court, laundry rooms and a BBQ/picnic area.

"The borrowers are experienced commercial real estate owners that reside in Bakersfield and have approximately 40 years of experience in multifamily real estate," noted Chris Warren, Vice at Hunt Mortgage Group. "These sponsors currently own and operate five apartment projects in California with a total of 475 units. The sponsors have owned investment properties over the past 30 years in the area, strongly rooting them to the local community."

The structure of the two Freddie Mac loans is a ten-year fixed-rate loan, with no interest only and a 30-year amortization schedule, and the conventional mortgage has a 12 year with a 30-year amortization term.

"We structured this unique deal that included a combination of the Freddie Mac Small Balance and Fannie Mae Conventional Green products to best serve the needs of the client," added Warren. "We were pleased to work with this quality borrower to provide the financing to improve these three quality properties."

About Hunt Mortgage Group

Hunt Mortgage Group, a wholly owned subsidiary of Hunt Companies, Inc., is a leader in financing commercial real estate throughout the United States. The Company finances all types of commercial real estate: multifamily properties (including small balance), affordable housing, office, retail, manufactured housing, healthcare/senior living, industrial, and self-storage facilities. It offers Fannie Mae, Freddie Mac, HUD/FHA in addition to its own Proprietary loan products. Since inception, the Company has structured more than $21 billion of loans and today maintains a servicing portfolio of more than $13.4 billion. Headquartered in New York City, Hunt Mortgage Group has 232 professionals in 25 locations throughout the United States. To learn more, visit www.huntmortgagegroup.com.

MEDIA CONTACTS
Brent Feigenbaum
Hunt Mortgage Group
212-317-5730
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Pam Flores
773-218-9260
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SOURCE Hunt Mortgage Group

Related Links

http://www.huntmortgagegroup.com

SHANGHAI, May 18, 2018/PRNewswire/ -- JinkoSolar Holding Co., Ltd. (NYSE: JKS) (the "Company," or "JinkoSolar"), a global leader in the solar photovoltaic industry, today announced that the 60P version of its P-type PV module peak power broke the world record again with power exceeding 370w and the N-type PV module peak power reaching 378.6w. Both records were certified by the TUV Rheinland (Shanghai) Co., Ltd.

P-type mono modules contain JinkoSolar's world record high efficiency cells. These cells combined with low electricity loss technology, which reduces the module internal resistance and improves its fill factor, allowing peak power to exceed 370W. N-type dual glass modules, leverage passivating contact technology achieve high efficiency with front-side peak power reaching 378.6W. With its excellent bifacial factor, this N-type module can improve outdoor power output per unit dramatically.

Dr. Jin Hao, Vice President of JinkoSolar commented, "Every technological breakthrough results from a strong pioneering spirit and constant search for excellence. Companies with strong independent innovation capabilities are able to grasp opportunities in fiercely competitive markets and establish leadership. JinkoSolar always applies advanced technologies to large-scale applications rapidly to accelerate the popularization of PV applications."

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is a global leader in the solar industry. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 8 GW for silicon ingots and wafers, 5 GW for solar cells, and 8 GW for solar modules, as of December 31, 2017.

JinkoSolar has over 12,000 employees across its 8 productions facilities globally, 16 oversea subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia, South Africa and United Arab Emirates, and global sales teams in United Kingdom, Bulgaria, Greece, Romania, Jordan, Saudi Arabia, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Panama and Argentina.

To find out more, please see: www.jinkosolar.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

In China:

Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Cision View original content:http://www.prnewswire.com/news-releases/jinkosolar-breaks-world-records-for-both-p-type-and-n-type-pv-module-power-300650904.html

SOURCE JinkoSolar Holding Co., Ltd.

SHANGHAI, May 9, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (NYSE: JKS) (the "Company," or "JinkoSolar"), a global leader in the solar photovoltaic industry, today announced that its P-type monocrystalline cell broke the world record again with efficiency hitting 23.95% during certification testing done by the Photovoltaic and Wind Power Systems Quality Test Center at the Chinese Academy of Sciences (CAS).

P-type mono wafer technology is a contributor, with the highly doped and low defect wafers providing excellent bulk quality. The continued gain in efficiency is a result of the further optimization of selective emitter (SE) formation, silicon oxide passivation and the rear side passivation. JinkoSolar's unique light-capturing technology uses black silicon and the multi-layer ARC technology reduces the front side reflectivity of cells to be lower than 0.5%, which ensures the growth of the short-circuit current. Meanwhile, an advanced grid design and a new type of screen-printing paste are used to reduce the series resistance and the metal / silicon interface compound probability as a result of promotion of solar cell fill factor.

Mr. Kangping Chen, CEO of JinkoSolar, commented, "This recent technical breakthrough is a combination of several our latest technologies. In particular, the introduction of novel passivation and selective contact technology have successfully broken the technical bottleneck created by traditional PERC technology and represents a significant step forward for our P type solar cells with their previous efficiency record of 23.45% in 2017. We will continue to allocate resources towards innovating new and high efficiency solar technologies and their application to the market as we continue to provide the most reliable and highest efficiency products."

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is a global leader in the solar industry. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 8 GW for silicon ingots and wafers, 5 GW for solar cells, and 8 GW for solar modules, as of December 31, 2017.

JinkoSolar has over 12,000 employees across its 8 productions facilities globally, 16 oversea subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia, South Africa and United Arab Emirates, and global sales teams in United Kingdom, Bulgaria, Greece, Romania, Jordan, Saudi Arabia, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Panama and Argentina.

To find out more, please see: www.jinkosolar.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

In China:

Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Cision View original content:http://www.prnewswire.com/news-releases/jinkosolar-breaks-world-record-for-p-type-monocrystalline-cell-efficiency-300645278.html

SOURCE JinkoSolar Holding Co., Ltd.

SHANGHAI, April 25, 2018 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS), a global leader in the solar PV industry, today announced that the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2017 with the Securities and Exchange Commission on April 24, 2018.

The Company's annual report on Form 20-F contains its audited consolidated financial statements and is available on the Company's website at http://ir.jinkosolar.com. The Company will provide a hard copy of its annual report free of charge to its shareholders and holders of American depositary shares representing its ordinary shares upon request.

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is a global leader in the solar industry. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 8 GW for silicon ingots and wafers, 5 GW for solar cells, and 8 GW for solar modules, as of December 31, 2017.

JinkoSolar has over 12,000 employees across its 8 productions facilities globally, 16 oversea subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia, South Africa and United Arab Emirates, and global sales teams in United Kingdom, Bulgaria, Greece, Romania, Jordan, Saudi Arabia, South Africa, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Panama and Argentina.

To find out more, please see: www.jinkosolar.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

In China:

Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Mr. Christian Arnell
Christensen, Beijing 
Tel: +86 10 5900 2940
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

In the U.S.:

Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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SOURCE JinkoSolar Holding Co., Ltd.

SHANGHAI, April 17, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it has signed a renewed credit agreement with HSBC (China) Co., Ltd. ("HSBC") to increase its credit limit to $47 million from $25 million.

"This updated agreement reflects the recognition of leading financial institutions such as HSBS in our brand, operation and financial condition," commented Mr. Charlie Cao, JinkoSolar's Chief Financial Officer. "Strong financial support will help enhance our sustained development capability and strengthen our leading position in the industry. We look forward to working closely with HSBC in the future."

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is a global leader in the solar industry. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 8 GW for silicon ingots and wafers, 5 GW for solar cells, and 8 GW for solar modules, as of December 31, 2017.

JinkoSolar has over 12,000 employees across its 8 productions facilities globally, 16 oversea subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia, South Africa and United Arab Emirates, and global sales teams in United Kingdom, Bulgaria, Greece, Romania, Jordan, Saudi Arabia, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Panama and Argentina.

To find out more, please see: www.jinkosolar.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

In China:

Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Mr. Christian Arnell
Christensen, Beijing 
Tel: +86 10 5900 2940
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

In the U.S.:

Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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SOURCE JinkoSolar Holding Co., Ltd.

SHANGHAI, April 5, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (NYSE: JKS) (the "Company," or "JinkoSolar"), a global leader in the solar PV industry, today announced that it has supplied solar modules for America's largest solar PV plant in Mexico. According to terms of the contract, JinkoSolar has supplied high efficient solar modules to a European counterparty for its 754 MW solar PV plant in Mexico, which is expected to begin operations during the second half of 2018 and generate over 1,700 GWh each year.

"We are very pleased to join this significant project," said Gener Miao, JinkoSolar Vice President of Sales & Marketing. "By providing high-quality products, not only do we contribute to the development of Mexico's clean energy, it also further strengthens our presence in the American market."

About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is a global leader in the solar industry. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 8.0 GW for silicon wafers, 5.0 GW for solar cells, and 8.0 GW for solar modules, as of December 31, 2017.

JinkoSolar has over 12,000 employees across its 8 productions facilities globally, 16 oversea subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia, South Africa and United Arab Emirates, and global sales offices in China, Hong Kong, Japan, India, Turkey, Germany, Switzerland, United States, Brazil, Chile, Australia, South Africa and United Arab Emirates.

To find out more, please see: www.jinkosolar.com

Safe-Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

In China:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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SOURCE JinkoSolar Holding Co., Ltd.

SHANGHAI, March 20, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (NYSE: JKS) (the "Company," or "JinkoSolar"), a global leader in the solar PV industry, today announced that in cooperation with Asunim Turkey, a leading PV project developer and EPC company has completed the largest solar power plant in the Aegean region. Asunim is currently one of the leading EPC companies in Turkey and has so far concluded projects of 140MW with a separate and clear structure committed for long-term O&M commitments. The dedicated international engineering team of Asunim has a long track record of successful systems design and implementation, using cutting-edge 3D modelling and simulation software to correctly elaborate extremely important shading and counter slope calculations.

The power plant in Manisa, Turkey consists of two separate sites that have an outcome of 40.3 MW, built in parallel. One of 19.7MW and the other of 20.6 MW. Both are located in Manisa, Turkey. The systems feature JinkoSolar high-efficiency (PID free) solar modules and REFUsol 40K string inverters operating without the need for fan cooling and with full IP65 protection against humidity and dust. The German company, Solar-Log was the choice for the SCADA system. Operation and Maintenance activities will be covered by Maxima Energy, affiliate but independent O&M Company of Asunim.

"Installing a project on a flat terrain is easier when compared to sites with different slopes. In order to get the highest yield several different studies and calculations were made for this challenging project." comments managing partner of Asunim Turkey, Mr. Umut Gürbüz .

"We are extremely pleased to see this contract as an outcome of our steadily growing successful partnership with Asunim Turkey over the last years. Asunim Turkey, as a trusted local partner, shares and follows the same highest product and service quality levels that we do also apply within Jinko Solar globally which makes us stronger and helps us to maintain our leadership position in the market.'' adds Mr. Gener Miao, Vice President Global Sales and Marketing of JinkoSolar.

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is a global leader in the solar industry. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 8 GW for silicon ingots and wafers, 5 GW for solar cells, and 8 GW for solar modules, as of December 31, 2017.

JinkoSolar has over 15,000 employees across its 8 productions facilities globally, 16 oversea subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia, South Africa and United Arab Emirates, and global sales teams in United Kingdom, Bulgaria, Greece, Romania, Jordan, Saudi Arabia, South Africa, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Panama and Argentina.

To find out more, please see: www.jinkosolar.com

About Asunim Yenilenebilir Enerji Teknolojileri İnş. Müh. San. Tic. Ltd:
Asunim is based in Ankara, Turkey and operates as a consultant, project developer and EPC and O&M company with focus on project legalization, engineering, component supply and the execution of photovoltaic power plants in the Turkish market and greater region. It belongs to the Asunim group with current further subsidiaries in Portugal, Spain, Dubai and the United Kingdom, accumulating a current track record of 850MW.
www.asunim.co

About Maxima Enerji Sistemleri Teknik Servis Ve Taahhüt Ticaret A.Ş.:
Maxima is based in Ankara, Turkey and operates as an O&M company with focus on PV project operation and maintenance of Asunim's own EPC portfolio and third-party system customers in the Turkish market and greater region. It belongs to the Asunim group. Many years of experience flow into Maxima fine-tuning and detecting errors, leading to drastic increases of energy yield on existing solar power plants.
www.maximaenerji.com.tr

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:
In China:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: This email address is being protected from spambots. You need JavaScript enabled to view it. 

Cision View original content:http://www.prnewswire.com/news-releases/jinkosolar-and-asunim-turkey-complete-the-largest-solar-power-plant-in-the-aegean-region-300616554.html

SOURCE JinkoSolar Holding Co., Ltd.

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ET | Source: Consolidated Edison Company Of NY

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Con Edison
Con Edison

A Con Edison electrical worker at a cable replacement job on the Upper West Side of Manhattan.

Consolidated Edison Company Of NY

Con Edison
Con Edison

Con Edison crew members working on overhead lines in Westchester County.

Consolidated Edison Company Of NY

Energy Efficiency Programs Help Customers Save Money

NEW YORK, May 24, 2018 (GLOBE NEWSWIRE) -- Con Edison is investing in its electric delivery systems, using new technologies, and working with customers to help them use less energy, as another hot New York summer approaches.

The energy company has invested $1.5 billion in its overhead and underground systems in New York City and Westchester County to prepare for this summer.

As an example of how the company is using new and evolving technologies, Con Edison is installing a 12-megawatt hour battery system on company-owned land in Ozone Park, Queens. The company will charge the batteries when demand for power is low and then discharge that power at peak times, taking pressure off the grid.

The batteries can discharge one megawatt for 12 hours or two megawatts for six hours. A megawatt is enough to power up to 1,000 homes in that area.

The storage project is part of the Brooklyn-Queens Neighborhood Program, in which Con Edison works with customers in certain fast-growing areas to help them reduce their usage.

“By making significant investments in our electric delivery systems and deploying new technologies, we provide the reliable service that our customers count on during sweltering summer days,” said Tim Cawley, president of Con Edison. “We’re also making it easier for our customers to choose energy efficiency, solar and other products and services that can help reduce monthly bills and provide a cleaner environment.”

The investment in upgrades and reinforcements includes 18 network transformers and 74 overhead transformers. The company also is replacing or upgrading 37 underground feeder sections and 136 overhead spans.

Con Edison projects that peak demand for electricity will reach 13,300 megawatts. The record is 13,322 megawatts, which occurred at 5 p.m. on July 19, 2013.

The company is always exploring new ways to keep service reliable. Con Edison has installed 1,000 devices in manholes to detect heat and gas in underground structures. By detecting that buildup, the company can make a repair before a cable fails.

Con Edison also takes infrared images of underground cables to look for hot spots that might indicate a repair is needed.

Bill Forecasts, Energy Efficiency, Solar and the Environment

Monthly bills for residential customers in the June-to-September period are expected to be higher than the same period last year, mainly due to higher supply charges, which the company does not control. A smaller portion of the increase is due to higher delivery charges.

A typical New York City residential customer using 350 kilowatt hours per month can expect an 8.4-percent increase from $96.89 in 2017 to $105.02 this year. A typical Westchester residential customer using 500 kilowatt hours per month can expect an average increase of 4.5 percent from $128.24 in 2017 to $133.98.

Monthly bills for business customers are expected to decrease slightly. A New York City business customer using 10,800 kilowatt hours and having a peak demand of 31 kilowatts, can expect average monthly summer bills to decrease from $2,283 in 2017 to $2,274 this year.

Supply charges have been relatively low the past three years but are projected in 2018 to return to about the same levels as 2014. Con Edison projects that summer bills will be slightly lower than four years ago.

Customers can save money by using less energy. Con Edison offers customers incentives to make money-saving upgrades to their homes and businesses. For this summer, Con Edison is offering residential customers:

  • A $30 rebate for buying a new Energy Star room air conditioner;
  • Up to $25 or more in rewards for enrolling a standard window air conditioner in the company’s smart AC program;
  • Up to $95 in rebates and rewards for a Wi-Fi-enabled air conditioner. The company will provide a free Wi-Fi device that lets a customer control a room air conditioner with an app.
  • A $50 rebate for buying a smart thermostat and another $85 for registering it with Con Edison.

Since 2009, Con Edison’s energy efficiency programs have helped more than 600,000 customers make upgrades that prevent 1.4 million tons of carbon emissions, the equivalent of taking nearly 300,000 cars off the road. The electric upgrades save nearly 1.8 million megawatt hours of usage.

The company also encourages customers to consider whether solar energy is right for them. Customers have completed 19,000 projects that produce 188.7 megawatts of clean, renewable power. That is equal to 254,158 megawatt hours a year, enough to prevent 189,000 tons of carbon emissions, or the equivalent of taking more than 40,000 cars off the road.

The customers who have chosen energy efficiency and solar help Con Edison keep service reliable by lowering the amount of power flowing on the grid at peak times.

Con Edison is a subsidiary of Consolidated Edison, Inc. (NYSE:ED), one of the nation's largest investor-owned energy companies, with approximately $12 billion in annual revenues and $49 billion in assets. The utility provides electric, gas and steam service to more than three million customers in New York City and Westchester County, New York.

CONNECT WITH US:

Facebook: https://www.facebook.com/ConEdison
Twitter: https://twitter.com/conedison
YouTube: http://www.youtube.com/conedisonny
  

Contact: Media Relations
212-460-4111
  

Photos accompanying this announcement are available at

http://www.globenewswire.com/NewsRoom/AttachmentNg/240ac881-df83-4102-8559-168524bfd7b2

http://www.globenewswire.com/NewsRoom/AttachmentNg/e5655d9e-33ce-4144-842c-fd4a5e76b298

Abstract

Globally, up to 1.4 million people are moving into urban areas per week, and estimates indicate that nearly 1 billion new dwelling units will be built by 2050 to support this growing population. The way we build our cities today directly impacts the safety... See More + Globally, up to 1.4 million people are moving into urban areas per week, and estimates indicate that nearly 1 billion new dwelling units will be built by 2050 to support this growing population. The way we build our cities today directly impacts the safety of future generations. Building code and regulation have proven to be cost-effective tools to promote healthy, safe sand resilient cities. Japan’s effective use of building regulations to reduce risk is a compelling success story and provides a number of relevant lessons for low- and middle-income countries. Japan has proven that effective disaster risk reduction is possible, even in the face of highly destructive disasters. Among other measures, its building regulations have played a crucial role.  See Less -

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ET | Source: RGS Energy

DENVER, May 21, 2018 (GLOBE NEWSWIRE) -- RGS Energy (NASDAQ:RGSE), the exclusive worldwide licensee of POWERHOUSE™, an innovative and visually stunning solar shingle system using technology developed by The Dow Chemical Company, has released its preliminary POWERHOUSE™ 3.0 pricing for homebuilders.

Many homebuilders already offer solar solutions at their communities, driven by homeowners’ demand for electricity savings and sustainable energy solutions. Further, California’s new solar mandate requires almost all new homes, condos and apartment buildings be equipped with solar power beginning in 2020. RGS expects this new mandate to drive even greater demand for POWERHOUSE™ 3.0 as homebuilders seek the most affordable option.

Homebuilders will have a few options. They can install a traditional rack & mount solar array on the new roof top, or opt for a solar shingle like POWERHOUSE™ or Tesla Solar Roof. However, RGS believes POWERHOUSE™ will be the most affordable solution for homebuilders, as costs are blended with general roof installation.

Preliminary Price Comparison of POWERHOUSE™ vs. Other Solar Roof Solutions

  Rack Mounted
Solar System +
Full Asphalt Roof

  Tesla
Solar Roof = Full
Roof

  POWERHOUSE™
Solar Shingle +
Asphalt Roof

Cost of asphalt roof, 2,776 sqft home1 $7,728     $0     $5,093  
Solar system size (watts) 6,000     6,000     6,000  
Cost of roof installation per watt $1.29     $0.00     $0.85  
Cost of solar system installation in watts                
Nationwide Average2 $3.73              
Tesla (full roof with solar)3       $8.14        
RGS POWERHOUSE™                
Equipment kit4             $2.80  
Installation labor5             $0.25  
Electrical BOS5             $0.25  
All in Cost to Homebuilders $5.02     $8.14     $4.15  
                 

       1.    National Association of Home Builders, “Cost of Constructing a Home,” posted December 1, 2017
       2.    energysage, “How Much Do Solar Panels Cost in the U.S. in 2018?”, posted April 22, 2018.
       3.    energysage, “Tesla solar roof cost vs. solar panels: worth the premium?”, posted April 22, 2018.
       4.    POWERHOUSE™ kit includes shingles, inverter, monitoring and non-electrical balance-of-system.
       5.    pickmysolar.com, “The Cost of Solar,” posted October 21, 2016.

“We believe that POWERHOUSE™ 3.0 offers the most compelling value proposition to homebuilders,” said Brad Bentzen, RGS’ Director of POWERHOUSE™. “POWERHOUSE™ will have the lowest cost, be easy to install and can be blended with the general construction. It will also be aesthetically pleasing, with panel efficiency in-line with the majority of traditional solar panels, and use technology developed by a trusted brand, the Dow Chemical Company.”

Follow the company’s progress towards the launch of POWERHOUSE™ 3.0 by visiting the PowerLines news section at www.RGSPOWERHOUSE.com.

Next Generation POWERHOUSE™ 3.0
By coupling roofing with an energy saving solar panel in a singular product, the POWERHOUSE™ Solar Shingle uniquely addresses the needs of residential homeowners that seek an affordable visually stunning solar option. POWERHOUSE™ is designed to work with asphalt roofs, which represent about 85 percent of U.S. homes. Currently, more than 1,000 homeowners are enjoying benefits of earlier generations of POWERHOUSE™.

RGS Energy believes POWERHOUSE™ addresses a large, untapped market, appealing to both single-family homeowners and new home builders. The forthcoming POWERHOUSE™ 3.0 is designed to maintain or improve upon earlier generation product features, while substantially reducing manufacturing costs. POWERHOUSE™ 3.0 will offer a more competitive value proposition, even after the recently imposed tariff on imported solar cells.

RGS Energy estimates if POWERHOUSE™ achieves a 1% share of the re-roof and new home build markets, the product could be propelled to the billion-dollar revenue mark.

About RGS Energy 

RGS Energy (Nasdaq:RGSE) is America’s Original Solar Company providing solar, storage and energy services whose mission is clean energy savings. The company is the exclusive manufacturer of POWERHOUSE™, an innovative in-roof solar shingle using technology developed by The Dow Chemical Company. RGS Energy also sells, designs and installs traditional retrofit solar systems for residential homeowners, commercial businesses, non-profit organizations and government entities. 

For more information, visit RGSEnergy.com and RGSPOWERHOUSE.com, on Facebook at www.facebook.com/RGSEnergy and on Twitter at twitter.com/rgsenergy. Information on such websites and the websites referred to above in this press release is not incorporated by reference into this press release.

RGS Energy is the company’s registered trade name. RGS Energy files periodic and other reports with the SEC under its official name “Real Goods Solar, Inc.”

POWERHOUSE™ is a trademark of The Dow Chemical Company, used under license.

Forward-Looking Statements and Cautionary Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, including statements regarding RGS Energy’s plans for the commercialization of the POWERHOUSE™ 3.0 Solar Shingle, and RGS Energy’s business and financial strategies.  Forward-looking statements are neither historical facts nor assurances of future performance.  Instead, they provide our current beliefs, expectations, assumptions, forecasts, and hypothetical constructs about future events, and include statements regarding our future results of operations and financial position, business strategy, budgets, projected costs, plans and objectives of management for future operations.  The words “forecast,” “project,” “expect,” “plan,” “future,” “believe,” “may,” “hypothetical,” “will,” “anticipate,” and similar expressions as they relate to RGS Energy are intended to identify such forward-looking statements.

Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all.  Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements.  Therefore, RGS Energy cautions you against relying on any of these forward-looking statements.

Key risks and uncertainties that may cause a change in any forward-looking statement or that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include: the actual pricing of and demand for POWERHOUSE™ 3.0; the impact a POWERHOUSE™ 3.0 roof will have on the marketability of a home or building; RGS Energy’s ability to successfully and timely commercialize POWERHOUSE™ 3.0; the ability to obtain requisite UL certification of POWERHOUSE™ 3.0; the adequacy of, and access to, capital necessary to commercialize POWERHOUSE™ 3.0; RGS Energy’s ability to satisfy the conditions and its obligations under the POWERHOUSE™ 3.0 license agreement; RGS Energy’s ability to manage supply chain in order to have production levels and pricing of the POWERHOUSE™ 3.0 shingles to be competitive; the ability of RGS Energy to successfully expand its operations and employees and realize profitable revenue growth from the sale and installation of POWERHOUSE™ 3.0, and to the extent, anticipated; competition in the built-in photovoltaic solar system business; and changes in general economic, business and political conditions, including tariffs on imported solar cells and changes in the financial markets.

You should read the section entitled “Risk Factors” in our 2017 Annual Report on Form 10-K, which has been filed with the Securities and Exchange Commission, which identify certain of these and additional risks and uncertainties. Any forward-looking statements or forward-looking hypothetical examples made by us in this press release speaks only as of the date of this press release. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We do not undertake any obligation to publicly update or revise any forward-looking statement or forward-looking hypothetical example, whether as a result of new information, future developments or otherwise, except as may be required by law.

Investor Relations Contact:
Ron Both
Managing Partner, CMA
Tel 1-949-432-7566
This email address is being protected from spambots. You need JavaScript enabled to view it.

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ET | Source: Savosolar Plc

multilang-release

Savosolar Plc
Company Announcement            21 May 2018 at 9:00 (CEST)

Savosolar has agreed on a 12-month extension for the maturity date of capital loans with Finnvera Oyj and Suur-Savon Osuuspankki

Savosolar Plc has agreed on a 12-month extension for the maturity date of capital loans with its creditors Finnvera Oyj and Suur-Savon Osuuspankki. After the agreed extension, the capital loans in the total amount of EUR 1.431 million will mature on 31 December 2019 instead of 31 December 2018 which was the original maturity date of the loans.

"We are very happy to see our creditors support our growth plan in this promising market situation and we want to thank them for the trust they've shown in us this way," says Managing Director Jari Varjotie.

For more information:

Savosolar Plc
Managing Director Jari Varjotie
Phone: +358 400 419 734
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

This company announcement contains information that Savosolar Plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by aforementioned contact person on 21 May 2018 at 9:00 a.m. (CEST).

Savosolar in brief

Savosolar with its highly efficient collectors and large-scale solar thermal systems has taken solar thermal technology to the next level. The company's collectors are equipped with the patented nano-coated direct flow absorbers, and with this leading technology, Savosolar helps its customers to produce competitive clean energy. Savosolar's vision is to be the first-choice supplier to high performance solar installations on a global scale. Focus is on large-scale applications like district heating, industrial process heating and real estate systems - market segments with a big potential for rapid growth. The company primarily delivers complete systems from design to installation, using the best local partners. Savosolar is known as the most innovative company in the business and aims to stay as such. The company has sold and delivered its products to 17 countries on four continents. Savosolar's shares are listed on Nasdaq First North Sweden with the ticker SAVOS and on Nasdaq First North Finland with the ticker SAVOH. www.savosolar.com.

The company's Certified Adviser is Augment Partners AB, phone: +46 8-505 65 172.

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ET | Source: Savosolar Plc

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Savosolar Plc                                                     
Company Announcement                            21 May 2018 at 9:00 (CEST)

Notice to the Extraordinary General Meeting of Savosolar Plc.

Notice is given to the shareholders of Savosolar Plc. to the Extraordinary General Meeting to be held on Tuesday, 12 June 2018 at 9:30 (EET) at Sitra meeting room "Edison" at the address Itämerenkatu 11-13, 00180 Helsinki, Finland. The reception of persons who have registered for the meeting and the distribution of voting tickets will commence at 9:00 (EET).

A. Matters on the agenda of the General Meeting

At the General Meeting, the following matters will be considered:

1. Opening of the meeting

2. Calling the meeting to order

3. Election of persons to scrutinize the minutes and to supervise the counting of votes

4. Recording the legality of the meeting

5. Recording the attendance at the meeting and adoption of the list of votes

6. Authorizing the Board of Directors to decide on issuance of shares, options and other special rights

The Board of Directors proposes that the General Meeting authorizes the Board of Directors to decide, in one or more transactions, on the issuance of shares and the issuance of options and other special rights entitling to shares referred to in Chapter 10 Section 1 of the Companies Act as follows:

The number of shares to be issued based on the authorization may in total amount to a maximum of  400,000,000 shares, representing approximately 305.93 per cent of the company's shares on the date of this notice.

The Board of Directors decides on all the terms and conditions of the issuances of shares and of options and other special rights entitling to shares. The issuance of shares and of options and other special rights entitling to shares may be carried out in deviation from the shareholders' pre-emptive rights (directed issue), if there is a weighty financial reason for the company.

Shares may be conveyed either against payment or free of charge in the company's share issues. A directed share issue may be a share issue without payment only if there is an especially weighty reason for the same both for the company and in regard to the interests of all shareholders in the company.

The authorization replaces the authorization granted by the Annual General Meeting on 27 March 2018 to the Board of Directors to resolve on the issuance of shares and the issuance of options and other special rights entitling to shares referred to in Chapter 10 Section 1 of the Companies Act. The authorization shall be valid until 11 June 2023.

7. Closing of the meeting

B. Documents of the General Meeting

The proposals relating to the agenda of the General Meeting as well as this notice are available on Savosolar Plc.'s website at www.savosolar.com. The documents mentioned above are also available at the meeting and copies of them will be sent to shareholders upon request. Minutes of the General Meeting are available on the above-mentioned website as from 26 June 2018 at the latest.

C. Instructions for the participants

1. Shareholder registered in the shareholders' register
Each shareholder who is registered on Thursday, 31 May 2018 in the shareholders' register of the company held by Euroclear Finland Ltd., has the right to participate in the General Meeting. A shareholder, whose shares are registered on his/her/its personal Finnish book-entry account, is registered in the shareholders' register of the company.

A shareholder, who wants to participate in the General Meeting, shall register for the meeting no later than 7 June 2018 at 4.00 p.m., by which time the registration shall be received. The registration may take place:

  1. at Savosolar Plc.'s website at www.savosolar.com;
  2. by e-mail to address This email address is being protected from spambots. You need JavaScript enabled to view it.;
  3. by phone to number +358 10 271 0810 (Mon-Fri at 10 a.m. to 4 p.m.) or
  4. by mail to Savosolar Plc., General Meeting, Insinöörinkatu 7, 50150 Mikkeli, Finland.

In connection with the registration a shareholder shall notify his/her/its name, personal identification number, address, phone number, email address and the name of a possible assistant or proxy representative and the personal identification number of a proxy representative. The personal data given to Savosolar Plc. is used only in connection with the General Meeting and the processing of related necessary registrations and for shareholder communication. Shareholder, his/her/its representative or proxy representative shall, when necessary, be able to prove his/her/its identity and/or right of representation.

2. Nominee-registered shares
A holder of nominee-registered shares has the right to participate in the General Meeting by virtue of shares based on which he/she/it on the record date of the meeting, i.e. on 31 May 2018, would be entitled to be registered in the shareholders' register of the company held by Euroclear Finland Ltd. The right to participate in the General Meeting requires, in addition, that the shareholder has on the basis of such shares been registered into the temporary shareholders' register of the company held by Euroclear Finland Ltd. at the latest on 7 June 2018 by 10.00 a.m. (EET). As regards nominee- registered shares this constitutes a due registration for the General Meeting.

A holder of nominee-registered shares is advised without delay to request necessary instructions regarding the registration in the temporary shareholder's register of the company, the issuing of proxy documents and registration for the General Meeting from his/her/its custodian bank. The account management organization of the custodian bank has to register a holder of nominee-registered shares, who wants to participate in the General Meeting, into the temporary shareholders' register of the company at the latest on the date and time mentioned above.

3. Shares registered at Euroclear Sweden AB
Shareholder whose shares are registered in the securities system of Euroclear Sweden AB and who wants to participate in the General Meeting and use his/her/its voting right, shall be registered at the shareholder's register held by Euroclear Sweden AB on 31 May 2018 at the latest.

In order to be entitled to request for temporary registration in the shareholder's register of Savosolar Plc. held by Euroclear Finland Ltd., a shareholder of nominee-registered shares shall request that his/her/its shares are temporarily registered under his/her/its own name in the shareholder's register held by Euroclear Sweden AB and to ensure that the custodian bank will send the above-mentioned request for temporary registration to Euroclear Sweden AB. The registration shall be made on 31 May 2018 at the latest, and therefore a shareholder shall give the request to his/her/its custodian bank in good time prior to the above date.

Shareholder, whose shares are registered in the securities system of Euroclear Sweden AB and who intends to participate in the General Meeting and use his/her/its voting right, shall request for a temporary registration of his/her shares to the shareholder's register of Savosolar Plc. held by Euroclear Finland Oy. The request to Savosolar Plc. shall be made in written at the latest on 1 June 2018 at 10.00 a.m. Swedish time (CET). The temporary registration through Savosolar Plc. constitutes a due registration to the General Meeting.

4. Proxy representative and powers of attorney
A shareholder may participate in the General Meeting and exercise his/her/its rights at the meeting by way of proxy representation.

A proxy representative shall produce a dated proxy document or otherwise provide reliable evidence of the right to represent the shareholder. The authorization applies to one meeting, unless otherwise stated. When a shareholder participates in the General Meeting by means of several proxy representatives representing the shareholder with shares at different securities accounts, the shares by which each proxy representative represents the shareholder shall be identified in connection with the registration for the General Meeting.

Possible proxy documents should be delivered to in originals to Savosolar Plc., General Meeting, Insinöörinkatu 7, 50150 Mikkeli, Finland before the end of the registration period.

5. Other instructions and information
Pursuant to Chapter 5 Section 25 of the Finnish Companies Act, a shareholder who is present at the General Meeting has the right to request information with respect to the matters to be handled at the meeting.

The language of the meeting is Finnish.

On the date of the notice to the General Meeting, 21 May 2018, the total number of shares in Savosolar Plc. is 130,749,064. Each share carries one vote at General Meeting.

In Helsinki, 21 May 2018

SAVOSOLAR PLC
Board of Directors

For more information:

Managing Director Jari Varjotie
Phone: +358 400 419 734
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

This company announcement contains information that Savosolar Plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication on 21 May 2018 at 9:00 (CEST).

Savosolar in brief
Savosolar with its highly efficient collectors and large-scale solar thermal systems has taken solar thermal technology to the next level. The company's collectors are equipped with the patented nano-coated direct flow absorbers, and with this leading technology, Savosolar helps its customers to produce competitive clean energy. Savosolar's vision is to be the first-choice supplier to high performance solar installations on a global scale. Focus is on large-scale applications like district heating, industrial process heating and real estate systems - market segments with a big potential for rapid growth. The company primarily delivers complete systems from design to installation, using the best local partners. Savosolar is known as the most innovative company in the business, and aims to stay as such. The company has sold and delivered its products to 17 countries on four continents. Savosolar's shares are listed on Nasdaq First North Sweden with the ticker SAVOS and on Nasdaq First North Finland with the ticker SAVOH. www.savosolar.com.

The Company's Certified Adviser is Augment Partners, tel. +46 8 505 65 172.

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ET | Source: Savosolar Plc

multilang-release

Savosolar Plc
Company Announcement            21 May 2018 at 9:00 (CEST)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN PART, DIRECTLY OR INDIRECTLY, IN THE USA, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH PUBLICATION OR DISTRIBUTION IS UNLAWFUL.

Savosolar announces its plan to arrange a rights issue of approximately EUR 3.5 million and discloses financial information for the period 1 January - 31 March 2018

The Board of Directors of Savosolar Plc ("Savosolar" or the "Company") has decided to arrange a partially underwritten rights issue totalling approximately EUR 3.5 million (the "Offering") with additional warrants enabling the Company to raise up to a maximum of approximately EUR 3.3 million (the "Warrants"), under the condition that the Extraordinary General Meeting to be summoned today gives authorization to the Board of Directors to resolve on the Offering and the issuance of Warrants. The Offering is expected to consist of a maximum of 174,332,085 new shares (the "Offer Shares"). The Offer Shares would constitute approximately up to 57.1 per cent of all shares in the Company should the Offering be fully subscribed. New information regarding financials of the Company for the period 1 January - 31 March 2018 has also been released.

Summary of the Offering

  • The Company sees that the market has finally become active again, signing its first large order outside Denmark and winning its largest tender to date in Denmark. However, due to the temporary downturn in the market, the Company is in need of working capital.
  • In the Offering, Savosolar is planning to give all its shareholders registered in Savosolar's shareholder register maintained by Euroclear Finland Ltd ("Euroclear Finland") or Euroclear Sweden AB ("Euroclear Sweden") one (1) book-entry subscription right (the "Subscription Right") for every one (1) share held on the Offering record date. Three (3) Subscription Rights entitle the holder to subscribe for four (4) Offer Shares.
  • The subscription price is expected to be EUR 0.02 per Offer Share. The subscription price includes a discount of approximately 66.1 per cent compared to the current share price.
  • The record date for the Offering is planned to be 18 June 2018 with the last day of trading including the Subscription Rights on 14 June 2018 and the first day of trading excluding the Subscription Rights on 15 June 2018.
  • The subscription period for the Offer Shares (the "Subscription Period") is expected to commence on 21 June 2018 at 09:30 Finnish time (08:30 Swedish time), and it is expected to end on 10 July 2018 at 16:30 Finnish time (15:30 Swedish time) in Finland and on 6 July 2018 in Sweden at 16:30 Finnish time (15:30 Swedish time).
  • Augment Partners AB ("Augment Partners") has received a mandate to acquire professional investors for the Company during the Subscription Period of the Offering, so that the investments received through them is a maximum of approximately EUR 0.9 million (the "Directed Issue"). Investors who are procured by Augment Partners will primarily take part in the Offering, and additionally a separate directed issue to them can be arranged with the same Subscription Price, if the Offering is fully subscribed. The number of shares to be issued in the possible Directed Issue would amount to maximum of 43,583,021 shares, i.e. approximately 12.5 per cent of the total amount of shares in the Company after the Offering and the possible Directed Issue, assuming that the Offering and the possible Directed Issue are both fully subscribed. The Board of Directors shall decide on the possible Directed Issue approximately on 13 July 2018, while resolving on approval of the subscriptions received in the Offering.
  • In addition, Savosolar is planning to offer each subscriber of the Offer Shares one (1) warrant (the "Warrant") free of charge for every two (2) Offer Shares subscribed and paid for in the Offering, the subscription of which the Board of Directors has approved. Savosolar is planning to make a similar offer also to investors who will participate in the possible Directed Issue. Each Warrant would entitle its holder to subscribe for one (1) new share in the Company during the time period between 26 November 2018 - 10 December 2018. The subscription price for the shares subscribed based on the Warrants will be defined based on volume weighted average price of the Company's shares in First North Finland during the time period between 12 November 2018 - 23 November 2018 with a discount of 25 per cent. However, the subscription price shall not be less than EUR 0.02 per share nor higher than EUR 0.03 per share. The maximum number of Warrants would be 87,166,043 if the Offering is fully subscribed, and 108,957,553 if both the Offering and Directed Issue are fully subscribed.
  • Approximately EUR 3.5 million before the transaction costs is expected to be raised in the Offering if the Offering is fully subscribed and additionally approximately EUR 0.9 million before the transaction costs in the Directed Issue if the Directed Issue is arranged and fully subscribed. A maximum of approximately EUR 3.3 million will be raised through the Warrants if the maximum number of Warrants is issued and if all the Warrants are used for subscription of new shares at the maximum subscription price of EUR 0.03 per share.
  • The Offering is secured to 80 per cent by current shareholders and external underwriters. The external underwriters are entitled to receive their underwriting compensation either in cash or in new shares of the Company by setting off the underwriting compensation against the subscription price of the new shares in a directed share issue to be conducted after the Offering, if necessary.

Reasons for the Offering and use of proceeds

Until recently, Denmark was the only active market in the segment for large solar collector fields and systems. Even though market analysts predicted that new markets both in Europe and elsewhere would be activating earlier, it was not until 2017 that Savosolar started seeing real activity in other markets. With Savosolar's award-winning products and due to the intensified sales actions in the past 18 months, the Company has been invited to almost all notable tenders in Europe, signing its first large-scale order outside Denmark and winning its largest tender ever during the spring 2018. The order, with a collector area exceeding 4,000 m2 to newHeat SAS will be the largest solar thermal field ever built in France and first in the world installed on a one-axis tracking system. The tender won by the Company in Denmark, with a total collector area of approximately 20,000 m2 to Grenaa Varmevaerk, is worth approximately EUR 3.0 million  and would be the Company's largest order to date.

This means, that after many years of proving its technology to the market and signing orders on the competitive Danish market, Savosolar has finally been able to take a leap forward towards its vision of becoming the global first-choice supplier to high performance solar installations. While delivering to large collector fields in Europe as well as with strong partnerships around the world, e.g. in China, Latin America, Australia and Africa, the Company believes it is ready to take on the global market.

Due to the temporary downturn because of the Danish government's delayed decisions of the terms concerning renewable energies and longer-than-expected processing times in other markets since the end of 2016, the Company is in need for more working capital.

The Company aims to raise approximately EUR 3.5 million through the Offering and may raise additionally approximately EUR 0.9 million through the Directed Issue if the Directed Issue is arranged and fully subscribed. The Warrants would enable the Company to raise additionally up to approximately EUR 3.3 million if the maximum number of Warrants is issued and if all the Warrants are used for subscription of new shares at the maximum subscription price of EUR 0.03 per share.

The proceeds from the Offering will be used for working capital so that the Company can deliver signed and upcoming orders in 2018-2019 and continue to streamline Savosolar's operations to match profitability targets and the increasing demand globally.

Financial information that has not been published before (unaudited)

INCOME STATEMENT

EUR thousand 1 January 2018 - 31 March 2018
  FAS (unaudited)
Revenue 253.4
Other operating income 12.4
   
Materials and services  
Material, supplies and goods  
Purchases -267.0
Inventory increase / decrease 244.8
External services -181.5
Total materials and services -203.8
   
Personnel costs  
Wages and salaries -456.6
Social security costs -45.0
Pension costs  
Other personnel expenses  
Total personnel costs -501.5
   
Depreciation, amortisation and write-downs -168.1
   
Other operating expenses -586.0
   
OPERATING PROFIT (LOSS) -1,193.6
   
Financial income and expenses  
Interest and other financial income  
Interest and other financial expenses  
Total financial income and expenses -27.1
   
   
NET PROFIT (LOSS) -1,220.7

BALANCE SHEET

ASSETS

EUR thousand 31 March 2018
  FAS (unaudited)
FIXED ASSETS  
Intangible assets  
Development costs 1,028.7
Intangible rights 154.5
Other long-term expenses 347.2
Total intangible assets 1,530.4
   
Property, plant and equipment  
Machinery and equipment 1,059.7
Total tangible assets 1,059.7
   
Investments  
Shares in group companies 161.9
   
TOTAL FIXED ASSETS 2,751.9
   
CURRENT ASSETS  
Inventories  
Materials and supplies 613.7
Unfinished products 22.2
Finished goods 604.7
Advance payments 13.9
Total inventories 1,254.5
   
Long-term receivables  
Other receivables 221.9
Total long-term receivables 221.9
   
Short-term receivables  
Accounts receivable 171.8
Other receivables 63.4
Prepayments and accrued income 32.6
Total current receivables 267.8
   
Total receivables 489.8
   
Cash and cash equivalents 891.1
   
TOTAL CURRENT ASSETS 2,635.3
   
TOTAL ASSETS 5,387.2

EQUITY AND LIABILITIES

EUR thousand 31 March 2018
  FAS (unaudited)
   
Share capital 470.2
Unrestricted equity fund 24,919.1
Retained earnings -21,735.5
Net profit (loss) -1,220.7
TOTAL SHAREHOLDER'S EQUITY 2,433.1
   
APPROPRIATIONS 120.0
PROVISIONS 171.9
   
Long-term liabilities  
Capital loans 0.0
Loans from financial institutions 382.0
Other liabilities 0.0
Total long-term liabilities 382.0
   
Short-term liabilities  
Capital loans 1,431.3
Loans from financial institutions 200.9
Advance payments 228.7
Trade payables 67.0
Other liabilities 35.8
Accrued liabilities 316.6
Total short-term liabilities 2,280.2
   
TOTAL LIABILITIES 2,662.2
   
TOTAL EQUITY AND LIABILITIES 5,387.2

The Offering

The size of the contemplated Offering will be approximately EUR 3.5 million. The Offering has been secured to 80 per cent.

The Board of Directors of the Company is planning to offer up to 174,332,085 new shares in the Company for subscription in accordance with the shareholders' preferential subscription right, under the condition that the Extraordinary General Meeting to be summoned today gives authorization to the Board of Directors to resolve on the Offering and the issuance of Warrants. All shareholders registered in Savosolar's shareholder register maintained by Euroclear Finland or Euroclear Sweden are planned to be given one (1) book-entry Subscription Right for every one (1) share held in the Company on the Offering record date, which is approximately 18 June 2018. Each three (3) Subscription Rights would entitle their holder to subscribe for four (4) Offer Shares. The Subscription Rights are planned to be registered in the shareholders' book-entry accounts in the book-entry system maintained by Euroclear Finland approximately on 19 June 2018 and in the book-entry system maintained by Euroclear Sweden approximately on 20 June 2018. The Subscription Rights are planned to be freely assigned and they are expected to be traded on First North Finland and First North Sweden between 21 June and 4 July 2018.

After the subscription, temporary shares corresponding to the Offer Shares subscribed for based on the Subscription Rights (the "Temporary Shares") will be entered into the subscriber's book-entry account. The Offer Shares will be entered into the subscriber's book-entry account once they have been entered into the Trade Register, approximately during week 30, 2018. Trading in the Temporary Shares is planned to commence on First North Finland and on First North Sweden as their own special share class approximately on 21 June 2018. The Temporary Shares will be combined with the Company's current shares after the Offer Shares have been registered into the Trade Register. The combination is planned to take place approximately during week 30, 2018 and the Offer Shares are planned to be subject to trading together with the Company's existing shares on First North Finland approximately during week 30, 2018 and on First North Sweden approximately during week 31, 2018.

Planned timetable for the Offering       

14 June 2018 Resolution regarding the Offering by the Board of Directors
14 June 2018 The prospectus is published
14 June 2018 Last day of trading including the Subscription Rights
15 June 2018 First day of trading excluding the Subscription Rights
18 June 2018 Record date for the Offering
21 June - 4 July 2018

21 June 2018

Trading period for the Subscription Rights

Trading starts in Intermediary Shares (BTA)

21 June - 6 July 2018 The Subscription Period for the Offering in Sweden
21 - 10 July 2018 The Subscription Period for the Offering in Finland
13 July 2018 Announcement of outcome of the Offering
Week 30, 2018 Last day of trading in the Temporary Shares on First North Finland
Week 30, 2018 Last day of trading in the Temporary Shares on First North Sweden

Advisers

Augment Partners is acting as financial advisor to the Company in the Offering. Smartius Oy is acting as the legal adviser to the Company on aspects of the Offering related to the Finnish law.

For more information:

Savosolar Plc
Managing Director Jari Varjotie
Phone: +358 400 419 734
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

This company announcement contains information that Savosolar Plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by aforementioned contact person on 21 May 2018 at 9:00 a.m. (CEST).

Savosolar in brief

Savosolar with its highly efficient collectors and large-scale solar thermal systems has taken solar thermal technology to the next level. The company's collectors are equipped with the patented nano-coated direct flow absorbers, and with this leading technology, Savosolar helps its customers to produce competitive clean energy. Savosolar's vision is to be the first-choice supplier to high performance solar installations on a global scale. Focus is on large-scale applications like district heating, industrial process heating and real estate systems - market segments with a big potential for rapid growth. The company primarily delivers complete systems from design to installation, using the best local partners. Savosolar is known as the most innovative company in the business and aims to stay as such. The company has sold and delivered its products to 17 countries on four continents. Savosolar's shares are listed on Nasdaq First North Sweden with the ticker SAVOS and on Nasdaq First North Finland with the ticker SAVOH. www.savosolar.com.

The company's Certified Adviser is Augment Partners AB, phone: +46 8-505 65 172.

IMPORTANT NOTICE

This release or the information contained therein shall not be distributed, directly or indirectly, in Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or the United States. The information contained in this release do not constitute an offer of, or invitation to purchase any securities in any area, where offering, procurement of or selling such securities would be unlawful prior to registration or exemption from registration or any other approval required by the securities regulation in such area. This release is not an offer for sale of securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended, and the rules and regulations issued by virtue of it. Savosolar has not registered, and does not intend to register, any offering of securities in the United States. No actions have been taken to register the shares or the offering anywhere else than in Finland and Sweden.

The information contained herein shall not constitute an offer of, or invitation to purchase any securities in any jurisdiction. This release is not a prospectus and does not constitute any offer, invitation or investment advice to subscribe for or purchase securities. Investors should not subscribe for or purchase any securities or make any investment decisions referred to herein except on the basis of information contained in a prospectus issued by Savosolar.

Union Minister Suresh Prabhu (PTI Photo)

Amid strain in trade ties and fights at the World Trade Organization (WTO), commerce minister Suresh Prabhu will leave for Washington DC on June 10, his first visit after the Trump administration slapped duties on Indian steel and aluminium.

The minister will convey India’s viewpoints on contentious issues, including duties on Indian metals, to US trade representative Robert E Lighthizer and others, and explore business opportunities, sources told FE.

Prabhu’s visit comes at a critical time when efforts to persuade the US to exempt India from the duty on steel and aluminium or view New Delhi’s export subsidies in proper context haven’t yet yielded results. Both the sides have dragged each other to the WTO in recent months: the US has lodged complaints against India’s export and farm subsidies, while India has raised objections to duties on Indian steel and aluminium and massive illegal subsidies in the renewable energy and agriculture sectors. While the much-feared US-China trade war is de-escalating, there is no sign of an abatement in the Indo-US trade tussles yet.

“Prabhu’s visit will lend more clarity as to where both the sides are heading. Maybe, it will break the ice,” said the source. The commerce minister will also talk about Indo-US cooperation in making civil and defence aircraft in India, the source added. Commerce secretary Rita Teaotia is expected to visit as well.

In the last meeting of senior trade officials of both the countries in New Delhi, the US is learnt to have sought better trade balance with India and removal of restrictions on pricing of medical equipment such as bioresorbable stents. To keep up pressure, the US side, led by its assistant trade representative Mark Linscott, didn’t commit on lifting the tariff on supplies of steel and aluminium, apart from suggesting that India’s concerns will be conveyed to the relevant authorities in Washington.

The US has announced plans to impose a duty of 25% on steel and 10% on aluminium imports from select countries, including India.

While China alone accounted for a massive $375 billion, or 46%, of the US goods trade deficit of $810 billion in 2017, India made up for just 2.8% and occupied the 9th spot in the list of the nations with which the Trump administration seeks to pursue a trade balance agenda.

Discussions follow renewable power firm’s acquisition of Ostro Energy last month

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