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ViZn Energy Bolsters Board of Directors and Advisory Board With Kent Williams and Joshua Bar-Lev
Duo Brings Over 20 Years of Combined Energy Industry Expertise to ViZn.
Edison Energy and Altenex Provide Proven Renewable Energy PPA for Market Use
Altenex, an Edison Energy company, today made public its proprietary Renewable Energy Purchase Agreement (REPA) used for commercial, industrial and institutional clients. The REPA, a power purchase agreement (PPA) for renewable energy, has been used by multiple Altenex clients, including Fortune 1000 companies, government agencies and universities in the successful execution of more than one gigawatt of transactions across all major U.S. power markets.
By releasing the PPA to the market, Altenex intends to help companies and institutions accelerate their renewable energy purchasing efforts.
By releasing the PPA to the market, Altenex intends to help companies and institutions accelerate their renewable energy purchasing efforts.
For organizations looking at renewable energy procurement, the lack of a contract that appropriately mitigates buyer risk can be a significant barrier to entry, said Duncan McIntyre, Altenexs senior managing director. Corporate buyers, especially, need to manage a number of critical risks in any renewable energy transaction, and we believe one of the best ways to do that is through the contract.
The Altenex REPA has been specifically designed to mitigate companies risks in procuring large-scale, off-site renewable energy supply to avoid some of the most common pitfalls that can occur in this kind of transaction. An issue as simple as scheduling ongoing maintenance of a wind or solar facility can have major production/economic performance implications for the off-taker if a facility is down during peak-production/peak-usage times.
The Altenex REPA has been specifically designed to mitigate companies risks in procuring large-scale, off-site renewable energy supply to avoid some of the most common pitfalls that can occur in this kind of transaction. An issue as simple as scheduling ongoing maintenance of a wind or solar facility can have major production/economic performance implications for the off-taker if a facility is down during peak-production/peak-usage times.
Other major areas of contract-addressable risk include project operations, volume/resource considerations, operations, market price protection, counterparty risk, renewable energy certificate devaluation, regulatory change, intermittency, and hedge effectiveness. The Altenex REPA addresses each of these and more, helping organizations maximize both environmental and economic value from their renewable energy efforts.
Most companies dont have their own proven PPA sitting around on a shelf, said McIntyre. The contractual protections of the buyers interests included in the Altenex PPA provide a high level of confidence for our clients senior leadership and help them move forward.
Most companies dont have their own proven PPA sitting around on a shelf, said McIntyre. The contractual protections of the buyers interests included in the Altenex PPA provide a high level of confidence for our clients senior leadership and help them move forward.
This move by Altenex evidences Edison Energys commitment to being the trusted advisor to large energy users, said Allan Schurr, president of Edison Energy. This is about what is best for our customers and the industry.
The REPA is available for free download by commercial, industrial and institutional energy users at www.altenex.com.
The REPA is available for free download by commercial, industrial and institutional energy users at www.altenex.com.
JinkoSolar Repays Outstanding Convertible Senior Notes due on May 15, 2016
JinkoSolar Holding Co., a global leader in the solar PV industry, today announced that it has repaid the entire remaining balance of its 4.00% Convertible Senior Notes due on May 15, 2016. The total cash redemption, including the Principal, accrued interest up to and including May 15, 2016, totaled USD 47,940,000.
"With this final payment, we have further strengthened our balance sheet and increased our operational flexibility," commented Mr. Charlie Cao, JinkoSolar’s Chief Financial Officer. "We will continue to focus on deploying our healthy cash flows towards areas that will generate long-term shareholder value."
"With this final payment, we have further strengthened our balance sheet and increased our operational flexibility," commented Mr. Charlie Cao, JinkoSolar’s Chief Financial Officer. "We will continue to focus on deploying our healthy cash flows towards areas that will generate long-term shareholder value."
Tesvolt is the new commercial storage system supplier for SegenSolar
The German wholesaler SegenSolar has joined forces with the manufacturer Tesvolt for commercial storage systems of 30 kWh and above.
GameChange Solar passes 1GW in single axis tracker support and training expertise
Training and field support team has over 1GW in experience with single axis trackers.
Arno Harris joins Azure Power's Board of Directors
Harris comes on board with over 15 years of experience in the solar sector and has helped the industry make the transition to mainstream energy markets.
Hanwha Q CELLS to Present High Quality, High Performance Products and Next Generation Innovations at 2016 SNEC in Shanghai
Hanwha Q CELLS will present at booth E1-360 from May 24 to 26. Full suite of PV products and solutions to be showcased
IndyCar Driver Stefan Wilson, Inovateus Solar Join Forces for Indianapolis 500 Effort
IndyCar driver Stefan Wilson today announced a solar advocacy partnership with Inovateus Solar, a leading Midwest solar developer, contractor, and supplier, in support of Wilsons entry into the 100th running of the Indianapolis 500. The 26-year-old will be competing for the first time in the event when he takes the wheel of the No. 25 Driven2SaveLives KVRT Chevrolet IndyCar.
For the past several months, Inovateus has advised Wilson on his #ThinkSolar initiative to spread awareness about the proliferation of solar power throughout the world. Expanding their work together in conjunction with the Indy 500 will bring more attention to the fastest-growing clean energy solution.
Weve really found a kindred spirit in Stefan in racing and renewables, said TJ Kanczuzewski, president of Inovateus Solar. We couldn’t pass on an opportunity to support him. Stefans passion for solar inspires his Indy race fans as well as the Inovateus team, and we wish him the best of luck in this years race."
Stefan echoed TJs excitement about joining forces with Inovateus for his debut appearance in the worlds greatest automobile race.
Having Inovateus Solar onboard represents the culmination of a lot of hard work, said Wilson. Theyve been very supportive of my solar campaign, and to have them join us with Driven2SaveLives means a lot. Both causes represent building a brighter tomorrow, innovating new energy solutions, and saving lives. I feel very fortunate to partner with them.
As part of its solar advocacy support for Stefan, Inovateus will offset the carbon footprint of his Indy 500 campaign through donations of solar lights to African families via LetsThinkSolar.com and SolarAid.
As part of its solar advocacy support for Stefan, Inovateus will offset the carbon footprint of his Indy 500 campaign through donations of solar lights to African families via LetsThinkSolar.com and SolarAid.
As for Stefan Wilson, his dream of partaking in the biggest car race of them all is about to come true. He will step into his No. 25 Driven2SaveLives KVRT Chevrolet IndyCar for his first practice runs at the Indianapolis Motor Speedway on May 16. Qualifying begins May 21, with the legendary Indy 500 cry of gentlemen, start your engines echoing through the Brickyard on May 29.
CVD Reports First Quarter 2016 Results
CVD Equipment Corporation, a leading provider of chemical vapor deposition systems, today announced its first quarter 2016 financial results.
Total revenue for the three months ended March 31, 2016 was $5.0 million compared to $9.7 million in the first quarter of 2015, a decrease of 48.5%. One customer represented 58.8% and 54.6% of our revenue for the three months ended March 31, 2016 and 2015, respectively. With the near completion of outstanding contracts, we are focused on booking significant follow-on business with that customer as well as opportunities with new and other customers. Operating loss was $0.5 million compared to operating income of $1.2 million in the same period in 2015. Net loss of $338,000, or $0.05 per diluted share, was lower than net income of $668,000, or $0.11 per diluted share in the first quarter of 2015.
Total revenue for the three months ended March 31, 2016 was $5.0 million compared to $9.7 million in the first quarter of 2015, a decrease of 48.5%. One customer represented 58.8% and 54.6% of our revenue for the three months ended March 31, 2016 and 2015, respectively. With the near completion of outstanding contracts, we are focused on booking significant follow-on business with that customer as well as opportunities with new and other customers. Operating loss was $0.5 million compared to operating income of $1.2 million in the same period in 2015. Net loss of $338,000, or $0.05 per diluted share, was lower than net income of $668,000, or $0.11 per diluted share in the first quarter of 2015.
We have made significant progress in our negotiations for a sizable order with our large aerospace customer, said Leonard Rosenbaum, President and Chief Executive Officer. While this does not immediately translate into a formal purchase order, we are continuing to move closer to a positive outcome which we expect in the near term. In the meantime, we have our resources and attention focused on pursuing other opportunities that should extend our market reach and improve our backlog for the second half of the year.
New orders for the first quarter were $2.3 million compared to $5.2 million in orders in 2015, resulting in a backlog of $3.4 million as of March 31, 2016 compared to $16.6 million as of March 31, 2015. Approximately $0.4 million or 11.8% of the first quarter 2016 backlog is from our largest customer as compared to $9.7 million or 58.4% from that same customer in 2015.
New orders for the first quarter were $2.3 million compared to $5.2 million in orders in 2015, resulting in a backlog of $3.4 million as of March 31, 2016 compared to $16.6 million as of March 31, 2015. Approximately $0.4 million or 11.8% of the first quarter 2016 backlog is from our largest customer as compared to $9.7 million or 58.4% from that same customer in 2015.
The Company will hold a conference call to discuss its results today at 4:30 pm (Eastern Time). To participate in the live conference call, please dial toll free (877) 407-0784 or International (201) 689-8560. A telephone replay will be available for 7 days following the call. To access the replay, dial (877) 870-5176 or (858) 384-5517. The replay passcode is 13636584.
