Press Releases

Canadian Solar Inc., one of the world’s largest solar power companies, today announced that the National Bank of Canada will provide the Company with up to C$35 million, in short-term construction financing.

The 1,028MWp solar farm, located in Ma’an, southern Jordan, is set to be connected at the beginning of 2014. The supply deal adds to other agreements recently reached by the multinational, which expects to sign new contracts in Morocco and Saudi Arabia soon.

Advanced Masters Program in Management of Global Strategies (AMPGS) by GSM Academy is recognised by SDA Bocconi School of Management, Milan

Capital Stage group, Hamburg, has significantly improved its revenues and profit indicators also in the third quarter. In the nine-month report, which is now available on the group’s website, the company discloses revenues of 45.9 million euros, an increase by 25.7 per cent compared to previous year’s period (previous year: 36.5 million euros). Other income amounting to 11.7 million euros were about at previous year’s level (previous year: 12.0 million euros).

Earnings before interests, taxes, depreciations and amortisations (EBITDA) rose more than proportionally by 63.8 per cent to 42.8 million euros (previous year: 26.2 million euros). Based on the earnings before interests and taxes (EBIT) the increase results to 70.4 per cent to 29.2 million euros (previous year: 17.1 million euros). Taking into account taxes and interests, a strongly improved profit for the year of 15.4 million euros remains (previous year: 9.1 million euros). This represents a gain by 69.2 per cent. The undiluted earnings per share is 0.28 euros (previous year: 0.19 euros).

In total, the group added more than 50 million euros to fixed assets during the first nine months of the financial year 2013 through the acquisition of further PV projects. In the context of a capital increase implemented after the end of the reporting period Capital Stage received gross proceeds of 49.3 million euros, which are available for further investments.

Felix Goedhart, CEO of Capital Stage AG, comments: “Currently we are examining numerous interesting projects from our core business segments solar and wind and expect to be able to expand our business during the next months again in a significant way.“

Based on the successful course of the business so far, the management board had recently raised the earnings forecast: For the full year, the company expects an increase of the EBITDA to more than 48 million euros and of the EBIT to more than 30 million euros.

Alterra Power Corp. is pleased to announce that it has entered into a joint venture with an affiliate of Graziella Green Power ("Graziella"), an Italian developer of solar and geothermal assets. The joint venture will further advance the Mensano and Roccastrada geothermal concessions which Alterra was awarded in 2011. Graziella will fund approximately $4.0 million for the joint venture’s next development activities, and will own a 55% interest in the joint venture.

Paul Rapp, Alterra’s VP of geothermal and wind operations, said "We are pleased to be working with Graziella Green Power, a strong Italian partner with a proven track record of project development. We believe the joint venture is well-positioned to advance these prime geothermal properties to the next stage of development and to take advantage of other project opportunities."

The Canadian Solar Industries Association (CanSIA) President & CEO, John Gorman joined Banff Mayor, Karen Sorensen today to officially inaugurate the new rooftop solar photovoltaic system on the Banff Town Hall.

The project is designed to reduce greenhouse gas emissions generated by municipal operations, and to inspire local businesses and residents to convert their own electricity source to solar. With a 72 Conergy panel system the Town Hall solar project is the most extensive photovoltaic panel installation in the Bow Valley to date.

“Solar energy is the dominant renewable energy globally,” said Gorman. “With the unveiling of this clean energy project, the town of Banff is demonstrating once again that it is a Canadian leader in sustainable practices. I’m thrilled to be here with Mayor Sorensen to mark this initiative.”

In addition to environmental benefits, solar energy supports more jobs than any other energy source, and with continued investment in solar technology, electricity consumers of tomorrow will be able to interactively manage their electricity consumption through smart grid and smart home technologies.

“Reducing greenhouse gas emissions and energy consumption are Community Plan objectives”, said Mayor Karen Sorensen. “We have an obligation as a national park community to be a model in environmental management. We value our beautiful Rocky Mountain environment and we will do what we should to preserve it for future generations.”

Developed by Calgary’s SkyFire Energy, the system is expected to generate about 17,109 kilowatts per year, which would fully power at least three Banff households a year. A monitor in the lobby of Town Hall will display real-time readings of electricity generated, equivalent uses, and emissions saved.

Chad Townsend, the town’s environmental coordinator estimates they will save about 11 tonnes in C02 emissions per year, compared to electricity generated by fossil fuels in Alberta. “The Town will receive a monthly utility bill with the amount of power generated subtracted from the amount of power used”, said Townsend. “In a typical household, solar panels pay for themselves after about 10 years, but with a lifespan of at least 20 years, solar is a very worthwhile investment not only environmentally but also economically.”

The total project cost, including all equipment, installation and permits, is $53,000, funded through the Fortis municipal rate rider on electricity.

Dyesol has been named the ‘Coolest Company in Australia,’ beating 100 finalists to the top spot as well as winning the Innovation Award at the Australian Anthill Cool Company Awards, the second largest business awards in Australia that attracts over 900 nominations and applications each year.

The African Development Bank’s (AfDB) work in clean energy financing received some welcome recognition last week from Asian Development Bank President (ADB) Takehiko Nakao.

Soitec and SunEdison, Inc. announced today that they have entered into a patent cross-license agreement relating to silicon-on-insulator (SOI) wafer products.

A new insight based on a ‘2013 Search for Growth’ survey identifies new areas of growth.