BNEF

Schneider Electric Announces Innovative Tax Credit Transfer Agreement with ENGIE to Accelerate Progress Toward its 100 Per Cent Renewable Energy Goal in North America

Retrieved on: 
Monday, February 26, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240226278249/en/
    Schneider Electric Announces Innovative Tax Credit Transfer Agreement with ENGIE to Accelerate Progress Toward its 100 per cent Renewable Energy Goal in North America (Photo: Business Wire)
    The contracted projects are expected to come online throughout 2024 and will enable Schneider Electric to get closer to its 100 per cent renewable energy goal in the U.S. and Canada.
  • This new solar-plus-storage agreement for the U.S. and Canada with ENGIE, a leading developer of renewables, will help us reach that goal,” said Aamir Paul, President, North America Operations.
  • Schneider Electric was advised on the deal by consultants from its Sustainability Business , the world’s largest advisor on corporate renewable energy procurement .
  • With its 20+ years of renewable energy advisory experience, Schneider Electric is uniquely equipped to guide enterprises through the complexities of the new tax credit investment landscape.

SERMATEC Named by BNEF as a Tier 1 Energy Storage Manufacturer

Retrieved on: 
Thursday, March 7, 2024

SHANGHAI, March 7, 2024 /PRNewswire/ -- Shanghai Sermatec Energy Technology Co., Ltd. ("SERMATEC"), an industry-leading energy digital intelligence operator and energy storage system solution provider, has earned a place on the Bloomberg New Energy Finance (BNEF) Tier 1 list Q1 2024 as a first-tier energy storage manufacturer.

Key Points: 
  • SHANGHAI, March 7, 2024 /PRNewswire/ -- Shanghai Sermatec Energy Technology Co., Ltd. ("SERMATEC"), an industry-leading energy digital intelligence operator and energy storage system solution provider, has earned a place on the Bloomberg New Energy Finance (BNEF) Tier 1 list Q1 2024 as a first-tier energy storage manufacturer.
  • Tier-1 energy storage brands must have supplied or be firmly contracted to supply products to six different eligible projects in the last two years, the projects must be larger than 1 MW or 1MWh and must be in the BNEF Energy Storage Assets database.
  • SERMATEC has completed more than 10 100MWh energy storage projects in China, and multiple energy storage systems developed by the company have received TÜV's CE certification.
  • SERMATEC is committed to a green, sustainable development strategy and making contributions to global energy conservation and energy structure transformation as an industry leader.

SERMATEC Named by BNEF as a Tier 1 Energy Storage Manufacturer

Retrieved on: 
Thursday, March 7, 2024

SHANGHAI, March 7, 2024 /PRNewswire/ -- Shanghai Sermatec Energy Technology Co., Ltd. ("SERMATEC"), an industry-leading energy digital intelligence operator and energy storage system solution provider, has earned a place on the Bloomberg New Energy Finance (BNEF) Tier 1 list Q1 2024 as a first-tier energy storage manufacturer.

Key Points: 
  • SHANGHAI, March 7, 2024 /PRNewswire/ -- Shanghai Sermatec Energy Technology Co., Ltd. ("SERMATEC"), an industry-leading energy digital intelligence operator and energy storage system solution provider, has earned a place on the Bloomberg New Energy Finance (BNEF) Tier 1 list Q1 2024 as a first-tier energy storage manufacturer.
  • Tier-1 energy storage brands must have supplied or be firmly contracted to supply products to six different eligible projects in the last two years, the projects must be larger than 1 MW or 1MWh and must be in the BNEF Energy Storage Assets database.
  • SERMATEC has completed more than 10 100MWh energy storage projects in China, and multiple energy storage systems developed by the company have received TÜV's CE certification.
  • SERMATEC is committed to a green, sustainable development strategy and making contributions to global energy conservation and energy structure transformation as an industry leader.

Carbon Chain Makes PV Greener, GCL SI Presents New Concept at Japan PV Expo

Retrieved on: 
Wednesday, February 28, 2024

At the event, GCL SI also introduced the concept of "Carbon Chain," leveraging blockchain technology for carbon management to drive sustainability in the renewable energy industry.

Key Points: 
  • At the event, GCL SI also introduced the concept of "Carbon Chain," leveraging blockchain technology for carbon management to drive sustainability in the renewable energy industry.
  • GCL SI, dedicated to the renewable energy sector, introduced the Carbon Chain concept for the first time at the event.
  • By integrating carbon footprint, traceability, and carbon management practices with cutting-edge technologies like blockchain, big data, artificial intelligence, carbon trading, carbon offsetting, and NFTs, GCL SI aims to achieve comprehensive supply chain traceability and lifecycle management of carbon emissions.
  • Thomas Zhang, Executive President of GCL SI, stated in an exclusive interview with PV Magazine that "the Carbon Chain concept leverages cutting-edge block chain technology and strategic partnerships to create a seamless and transparent carbon platform.

Carbon Chain Makes PV Greener, GCL SI Presents New Concept at Japan PV Expo

Retrieved on: 
Wednesday, February 28, 2024

At the event, GCL SI also introduced the concept of "Carbon Chain," leveraging blockchain technology for carbon management to drive sustainability in the renewable energy industry.

Key Points: 
  • At the event, GCL SI also introduced the concept of "Carbon Chain," leveraging blockchain technology for carbon management to drive sustainability in the renewable energy industry.
  • GCL SI, dedicated to the renewable energy sector, introduced the Carbon Chain concept for the first time at the event.
  • By integrating carbon footprint, traceability, and carbon management practices with cutting-edge technologies like blockchain, big data, artificial intelligence, carbon trading, carbon offsetting, and NFTs, GCL SI aims to achieve comprehensive supply chain traceability and lifecycle management of carbon emissions.
  • Thomas Zhang, Executive President of GCL SI, stated in an exclusive interview with PV Magazine that "the Carbon Chain concept leverages cutting-edge block chain technology and strategic partnerships to create a seamless and transparent carbon platform.

Trina Solar once again on BNEF Tier 1 list

Retrieved on: 
Tuesday, February 27, 2024

According to the report for the first quarter of 2024, Trina Solar fully meets BNEF's Tier 1 criteria, whose threshold is now much higher than was previously the case.

Key Points: 
  • According to the report for the first quarter of 2024, Trina Solar fully meets BNEF's Tier 1 criteria, whose threshold is now much higher than was previously the case.
  • "Trina Solar's continuous presence on the Tier 1 list demonstrates enduring trust by global investors, developers and customers in its bankability," said Cao Yunduan, head of branding and marketing at Trina Solar.
  • Trina Solar has also won recognition in the financial markets and from renowned institutes with excellent product performance and reliability.
  • Trina Solar's energy storage arm Trina Storage continues to be ranked in the top tier, having appeared on the Global Energy Storage Tier 1 List for the first quarter of 2024 and after BNEF ranked it among the global top five storage providers and integrators.

Trina Solar once again on BNEF Tier 1 list

Retrieved on: 
Tuesday, February 27, 2024

According to the report for the first quarter of 2024, Trina Solar fully meets BNEF's Tier 1 criteria, whose threshold is now much higher than was previously the case.

Key Points: 
  • According to the report for the first quarter of 2024, Trina Solar fully meets BNEF's Tier 1 criteria, whose threshold is now much higher than was previously the case.
  • "Trina Solar's continuous presence on the Tier 1 list demonstrates enduring trust by global investors, developers and customers in its bankability," said Cao Yunduan, head of branding and marketing at Trina Solar.
  • Trina Solar has also won recognition in the financial markets and from renowned institutes with excellent product performance and reliability.
  • Trina Solar's energy storage arm Trina Storage continues to be ranked in the top tier, having appeared on the Global Energy Storage Tier 1 List for the first quarter of 2024 and after BNEF ranked it among the global top five storage providers and integrators.

DMEGC Solar ranked again in BNEF's Tier 1 Module Manufacturers List

Retrieved on: 
Friday, February 23, 2024

DMEGC Solar was once again selected for this authoritative list, demonstrating its outstanding product performance, reliable brand strength, and strong financing capabilities.

Key Points: 
  • DMEGC Solar was once again selected for this authoritative list, demonstrating its outstanding product performance, reliable brand strength, and strong financing capabilities.
  • The Tier 1 PV module manufacturer rating system is developed by BNEF to assess the comprehensive strength and market competitiveness of PV module manufacturers.
  • The latest Tier 1 list (first quarter of 2024) includes more than 20 module factories, a sharp reduction from the more than 40 factories of last quarter.
  • Despite facing stricter selection criteria and higher entry barriers, DMEGC Solar has still managed to join the Tier 1 list with its outstanding performance, showcasing its influence and competitiveness in the international market.

Vikram Solar ranked in BNEF's Tier 1 Module Manufacturers List

Retrieved on: 
Wednesday, February 21, 2024

KOLKATA, India, Feb. 21, 2024 /PRNewswire/ -- Vikram Solar, one of India's leading module manufacturers, has re-entered in BloombergNEF coveted Tier 1 global module manufacturers list owing to its greater efficiency, bankability and high-quality products.

Key Points: 
  • KOLKATA, India, Feb. 21, 2024 /PRNewswire/ -- Vikram Solar, one of India's leading module manufacturers, has re-entered in BloombergNEF coveted Tier 1 global module manufacturers list owing to its greater efficiency, bankability and high-quality products.
  • In 2014, Vikram Solar became India's only Tier 1 module manufacturer, featured in BNEF's list.
  • The BloombergNEF team confirmed that Vikram Solar met the new criteria for qualification as a Tier 1 module manufacturer adequately in 1st quarter 2024.
  • Speaking on this global recognition, Mr Gyanesh Chaudhary, Chairman & Managing Director (CMD), Vikram Solar said, "As a leading solar module manufacturer in India, we recognize our responsibility to accelerate the global solar transition.

Schneider Electric Announces Innovative Tax Credit Transfer Agreement with ENGIE to Accelerate Progress Toward its 100% Renewable Energy Goal in North America

Retrieved on: 
Tuesday, February 20, 2024

Tax credit transfer opportunity brings company closer to meeting its renewable electricity target in the U.S. and Canada.

Key Points: 
  • Tax credit transfer opportunity brings company closer to meeting its renewable electricity target in the U.S. and Canada.
  • Schneider Electric is a leader in sustainability, efficiency, and the energy transition, and we are proud to 'model the way' with this tax credit transfer."
  • The IRA's transferability clause enables the transfer of eligible federal tax credits from renewable energy, clean energy manufacturing, and battery storage projects, among other clean energy projects.
  • According to Bloomberg (BNEF), the IRA's tax credit transfer rules create a new set of possibilities for funding America's energy transition.