Solar energy

VivoPower International PLC Announces Completion of Electrical Works for 89 MWdc Goonumbla Solar Project

Wednesday, June 3, 2020 - 2:00pm

LONDON, June 03, 2020 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) (VivoPower), a global solar power company, is pleased to announce that its wholly-owned subsidiary in Australia, J.A.

Key Points: 
  • LONDON, June 03, 2020 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) (VivoPower), a global solar power company, is pleased to announce that its wholly-owned subsidiary in Australia, J.A.
  • Martin) has recently completed all electrical works for the 89 MWdc Goonumbla Solar Farm near the town of Parkes in New South Wales, the city made famous for broadcasting images of the Apollo 11 moon landing.
  • Electricity produced by the project will be sold under a power purchase agreement with Australian Federal government-owned generator and retailer Snowy Hydro Limited.
  • Martin, said, Goonumbla represents the largest solar project that we have completed works on to date.

Vivint Solar Closes $545 Million Of New Financing In Two Separate Transactions

Tuesday, June 2, 2020 - 9:05pm

LEHI, Utah, June 2, 2020 /PRNewswire/ -- Vivint Solar (NYSE: VSLR), a leading full-service residential solar provider in the United States, today announced the closing of two separate debt transactions, totaling $545 million in incremental lender commitments.

Key Points: 
  • LEHI, Utah, June 2, 2020 /PRNewswire/ -- Vivint Solar (NYSE: VSLR), a leading full-service residential solar provider in the United States, today announced the closing of two separate debt transactions, totaling $545 million in incremental lender commitments.
  • This cost is approximately 70 basis points lower than the cost of the Solar Asset Backed Notes, Series 2018-1 transaction Vivint Solar closed in 2018.
  • Vivint Solar designs and installs solar energy systems for homeowners and offers monitoring and maintenance services.
  • Vivint Solar also offers solar plus storage systems with LG Chem home batteries and electric vehicle chargers with ChargePoint Home.

174 Power Global Announces Partnership with Gerdau for Development of Solar Facility in North Texas

Tuesday, June 2, 2020 - 1:30pm

174 Power Global is pleased to enter into this partnership with Gerdau, one of the worlds most environmentally responsible steel producers, as we continue to develop our solar generation footprint and behind-the-meter projects in Texas, said 174 Power Global President Henry Yun, PhD.

Key Points: 
  • 174 Power Global is pleased to enter into this partnership with Gerdau, one of the worlds most environmentally responsible steel producers, as we continue to develop our solar generation footprint and behind-the-meter projects in Texas, said 174 Power Global President Henry Yun, PhD.
  • Our new Gerdau Solar facility will provide environmental and economic benefits to Midlothian, and we are pleased to work alongside the 174 Power Global team.
  • Irvine, California-headquartered 174 Power Global is a leading solar energy company that is wholly owned by the Hanwha Group.
  • Since its formation in 2017, 174 Power Global has signed nearly two gigawatts (GW) of power purchase agreements has built an extensive project development pipeline.

City of Madison, Wisconsin Purchases Additional EV ARC™ Chargers From Envision Solar

Tuesday, June 2, 2020 - 1:00pm

The City Council approved the purchase of two more EV ARC units shortly after the deployment of a first unit downtown at Brayton Lot last month.

Key Points: 
  • The City Council approved the purchase of two more EV ARC units shortly after the deployment of a first unit downtown at Brayton Lot last month.
  • The clean energy EV chargers, which support the City and Mayoral environmental and sustainability initiatives, have been deployed to power City fleet vehicles.
  • Sustainability is a primary driving force for the City of Madison and why we continue to expand solar-powered EV charging technology in our City, said Mahanth Joishy, Fleet Superintendent for the City of Madison.
  • Envision Solar, www.envisionsolar.com , produces and sells unique and patented sustainable infrastructure products for electric vehicle charging, energy security and outdoor media, including the EV ARC and the Solar Tree with EnvisionTrak patented solar tracking, SunCharge solar Electric Vehicle Charging, ARC technology energy storage, and EnvisionMedia solar advertising displays.

8minute Solar Energy Secures $225 Million Letter of Credit Facility to Support the Greenfield Development of its 18-Gigawatt Pipeline of Solar and Energy Storage Projects

Monday, June 1, 2020 - 2:00pm

We are glad to continue working with core financial partners who share our commitment to unlocking an affordable and clean energy future.

Key Points: 
  • We are glad to continue working with core financial partners who share our commitment to unlocking an affordable and clean energy future.
  • 8minute has one of the largest development pipelines of solar and solar-plus-storage projects in the country, including more than 50 utility-scale projects in various stages of development, with a typical project size of 400 MW.
  • Most of these projects will deploy 8minutes new generation solar plant design with integrated energy storage.
  • 8minute Solar Energy (8minute) is the largest privately-held developer of solar PV and storage projects in the United States.

CIT Leads $225 Million Letter of Credit Facility for 8minute Solar Energy to Support Its Renewable Energy Development Projects

Monday, June 1, 2020 - 2:00pm

NEW YORK, June 1, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as sole coordinating lead arranger for a $225 million letter of credit facility on behalf of 8minute Solar Energy (8minute), a leading developer of renewable energy projects nationwide.

Key Points: 
  • NEW YORK, June 1, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as sole coordinating lead arranger for a $225 million letter of credit facility on behalf of 8minute Solar Energy (8minute), a leading developer of renewable energy projects nationwide.
  • "CIT has again demonstrated its agility and industry expertise to arrange this financing and advance the deployment of our large-scale solar and energy storage projects."
  • "With this transaction, CIT has now led financings on behalf of 8minute Solar totaling nearly $570 million for solar projects capable of generating 267 megawatts of renewable power.
  • 8minute Solar Energy (8minute) is the largest privately-held developer of solar PV and storage projects in the United States.

First Ever Solar Powered Air Driven Elevator

Monday, June 1, 2020 - 1:32pm

MIAMI, June 1, 2020 /PRNewswire/ -- Pneumatic Vacuum Elevators LLC., PVE, has announced the world's first ever solar powered, air driven, home elevator.Powered by the most abundant resource in the world, AIR, PVE home elevators can now be electrically operated by the most abundant energy source in our solar system, the Sun, providing an innovative, sustainable solution for mobility challenges.

Key Points: 
  • MIAMI, June 1, 2020 /PRNewswire/ -- Pneumatic Vacuum Elevators LLC., PVE, has announced the world's first ever solar powered, air driven, home elevator.Powered by the most abundant resource in the world, AIR, PVE home elevators can now be electrically operated by the most abundant energy source in our solar system, the Sun, providing an innovative, sustainable solution for mobility challenges.
  • Available worldwide, the solar powered home elevator by PVE is a low-energy consumption, eco-friendly system that can be installed anywhere.
  • Elevate your standard of living with a PVE solar powered home elevator and experience for yourself the most sustainable, eco-friendly home elevator in the world!
  • For more information on our solar elevator, please visit: https://www.vacuumelevators.com/first-ever-solar-powered-air-driven-home...
    About Pneumatic Vacuum Elevators LLC:Founded in 2002, Pneumatic Vacuum Elevators LLC is the sole designer and manufacturer of air-driven elevators worldwide.

DGAP-News: Photon Energy to Add 14 MWp to its PV portfolio in Australia

Friday, May 29, 2020 - 7:01am

The experience we gain in operating the power plants will be used to maximise revenues in the energy market,' said Michael Gartner, CTO of the Group and Managing Director of Photon Energy Australia.

Key Points: 
  • The experience we gain in operating the power plants will be used to maximise revenues in the energy market,' said Michael Gartner, CTO of the Group and Managing Director of Photon Energy Australia.
  • Photon Energy has a full-lifecycle approach to PV power plants, and in accordance with this, both projects have been developed in-house and will represent the first Australian utility-scale PV power plants in the Group's IPP portfolio.
  • Photon Energy Engineering Australia Pty Ltd. will act as engineering, procurement and construction (EPC) contractor for both projects.
  • Photon Energy N.V. is a global solar energy solutions and services company covering the entire lifecycle of solar energy systems.

Neutrinovoltaics Produce Energy Even When Photovoltaics Fail

Friday, May 29, 2020 - 1:00am

While solar panels will still produce energy on even the cloudiest days, the amount of electricity photovoltaics can produce under cloud cover is significantly less than what they can produce on sunny days.

Key Points: 
  • While solar panels will still produce energy on even the cloudiest days, the amount of electricity photovoltaics can produce under cloud cover is significantly less than what they can produce on sunny days.
  • Neutrinovoltaic devices such as those proposed by the Neutrino Energy Group do not suffer from the same issues that plague solar energy technologies.
  • The Neutrino Energy Group is hard at work developing neutrinovoltaic devices that will bolster the energy currently generated by wind farms, solar arrays, and other sustainable energy initiatives.
  • Over the next few years, the Neutrino Energy Group will produce neutrinovoltaic devices that dramatically change the face of sustainable energy technology.

Community Energy and Big Rivers Sign 100 MW Solar Deal in Kentucky

Thursday, May 28, 2020 - 9:05pm

Community Energy today announced a deal with Big Rivers Electric Corporation creating 100 megawatts (100 MW) of new solar power in western Kentucky.

Key Points: 
  • Community Energy today announced a deal with Big Rivers Electric Corporation creating 100 megawatts (100 MW) of new solar power in western Kentucky.
  • Under two 20-year Power Purchase Agreements, Big Rivers will buy 100% of the output of two new solar farms under development by Community Energy.
  • Big Rivers is showing impressive leadership with this purchase of solar power from our McCracken County and Meade County projects, said Brent Beerley, President of Community Energy.
  • Community Energy has developed and financed 2,000 MW of renewable energy projects across the country, including 1,300 MW of solar power.