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Smart Solar Market worth $15.34 Billion by 2018

Dallas - MarketsandMarkets recently conducted a study on "Smart Solar Market: Global Advancements, Trends, Market Forecasts and Analysis (2013 - 2018)". The study analyzes the major market drivers, restraints, and opportunities in North America, Western Europe, Eastern Europe, Middle East and Africa, Asia-Pacific (including Japan) and Latin America.

Study confirms: Steady and consistent development of offshore wind energy allows for substantial costreduction

Berlin - A new study of Prognos AG and The Fichtner Group concludes that the cost of electricity from offshore wind energy can be reduced by about one third if it is consistently developed and growing over the next ten years.

Deutsche WindGuard offers Type Testing

Varel - Wind energy consultant Deutsche WindGuard now offers the full range of type testing required in the frame of type certification of wind turbines. The accreditation of the newly established service load measurement on wind turbines completes the accreditation scope.

Offshore-Cooperation agreement between the pioneer regions

Husum/Padborg – The use of wind energy has come a long way from its early pioneering years and now represents a global industry. The cradle of wind energy, Denmark and the region of Schleswig-Holstein, remains an important location for globally active wind energy companies and wishes to strengthen its international competitiveness as such. The purpose of the new partnership between windcomm, Schleswig-Holstein’s network agency for wind energy located in Husum, and the “Growth Centre – success for the Danish-German region”, located in Padborg, is to strengthen networking and mutual cooperation between wind energy companies and institutions from both sides of the border. Initially, the focus will be on offshore wind energy.

Ja Solar: New solar cells surpass 20 percent conversion efficiency

Shanghai - JA Solar Holdings Co. Ltd. has announced that its p-type mono-crystalline silicon solar cells, a new family of high-performance solar cells called "PERCIUM," have surpassed conversion efficiency rates of 20 percent. This development has been confirmed and certified by the Fraunhofer Institute for Solar Energy Systems in Freiburg, Germany.

E.ON starts work on Helgoland base

E.ON has started construction on its operations and maintenance building on the North Sea Island of Helgoland. The inauguration of the building, which is designed to comprise an area totaling 1,800 square meters, is scheduled for August 2014.

Vestas losses widen

Randers, Denmark - In the second quarter of 2013, Vestas generated revenue of 1.185 billion Euros – a decrease of 26 per cent over the prior period. EBIT before special items decreased by 28 million euros to 12 million euros. The EBIT margin before special items amounted to 1.0 per cent and the free cash flow increased by 535 million to 197 million euros.

Trina Solar exceeds expectations

Changzou, China - Trina Solar, a producer of photovoltaic ("PV") modules, solutions and services, announced its financial results for the second quarter of 2013 on Tuesday. Solar module shipments were approximately 647 Megawatt (MW) during the second quarter of 2013, representing a sequential increase of 64.6 percent from the first quarter of 2013. This figure exceeded the company’s former guidance. Net revenues were up by 69,4 percent to 440.7 million dollars. Net loss shrank by more than 50 percent to 33,7 mio. dollars.

Company profile Siemens receives 267-MW wind order in the USA

Hamburg - Siemens Energy has been awarded a major order from Portland General Electric Company, a public utility in Oregon, for 116 units of its SWT-2.3-108 wind turbines. Each turbine has a capacity of 2.3 megawatts (MW) and a rotor diameter of 108 meters. The 267-MW Tucannon River Wind Power Plant will be located in Columbia County, Washington.

3.8 MW: REC supplies Japan with PV-modules

Tokyo – Norwegian solar electricity provider REC gained two contracts in Japan, the industries new growth market. More than 15,000 solar panels have been provided for a power site opened in July 2013 in Yokkaichi. It is the largest project owned by C-Energy with a system size of 2.5 Megawatt (MW). In nearby Ohtsu another plant of 1.3 MW will be finalized in December. Both installations will produce enough electricity for 1,100 households and prevent CO2 emissions of up to 2,478 tons per year.

Company profile Nordex: Further call-off under Finnish framework agreement

Hamburg - Wind turbine manufacturer Nordex has been awarded a further project under the framework agreement signed with Finnish Wealth Management company Taaleritehdas in June 2012 for a total of 111 turbines. Nordex will now be supplying and installing eight N117/2400 multi-megawatt turbines mounted on top of 120-metre high towers for the Nyby-li wind farm, which is located in the Ii region in north-west Finland. In summer 2013 nine N117/2400 turbines for the Honkajoki wind farm - the first project from the framework agreement - went online.

Vestas consolidates its position in Ukraine with a 21 MW order

Randers, Denmark - Vestas announced a firm and unconditional order for 21 MW from Vindkraft Ukraina LLC for their wind power plants Beregovaya and Stavki in the Kherson region. Vindkraft and Vestas have already commissioned the 9 MW Novorossiske wind power plant in 2011/12.

Vestas receives 99 MW order under Enel Green Power’s global supply agreement

Vestas has received a 99 MW order from Enel Green Power (EGP) for delivery of 33 V112-3.0 MW wind turbines. As the company announced yesterday the order comes as a call-off from the global supply agreement of 400 MW with an option for an additional 1,000 MW with EGP, which Vestas disclosed to the market on 9 September 2010.

SolarCity targets million customer goal with acquisition of Paramount Solar

San Mateo, USA - SolarCity has announced that they have entered into a definite agreement to acquire the assets of Paramount Solar. The cost of the transaction is valued at approximately 120 million US-dollars (90 million euros), of which 116.3 million US-dollars (87 million euros) will be paid in stock and the remainder in cash. By taking over Paramount Solar, Solar City inches closer to its goal to deliver solar energy to more than one million customers.

Company profile Nordex raises full-year guidance for 2013

The Nordex Group posted in its newest press release a 57 per cent increase in sales to around 661 million euros in the first half of 2013 (2012: 421 million euros). The company registered 93 per cent of its sales in the growing European market while the sales volume in America and Asia declined. The positive results were in large part due to a new generation of products that afforded the wind turbine maker a performance edge in the European market.

Vestas secures 50 MW deal with leading Chinese regional gas supplier

Vestas has received a 50 MW order from Ningxia-based Hanas New Energy, the leading regional natural gas supplier in China’s Ningxia Hui Autonomous Region (NHAR). The order consists of 25 units of the V90-2.0 MW turbine model which will be installed in Yanchi wind park in NHAR.

345 MW: Trina Solar bags major supply contract in USA

Changzhou, China - Trina Solar Limited, a manufacturer of photovoltaic (PV) modules, solutions and services, today announced it has been chosen to provide 1.1 million of its high-quality PV multi-crystalline modules to the 345 MW Copper Mountain Solar 3 Project in Boulder City, Nevada. The project is owned and operated by Sempra U.S. Gas & Power and will be constructed by AMEC. When completed, the facility will provide clean solar electricity to 80,000 homes for the Los Angeles Department of Water and Power, and the City of Burbank.

Company profile Nordex boosts capacity for its bestseller N117

Hamburg - The Nordex Group has signed a multiyear supply agreement with US supplier TPI Composites for the delivery of NR-58.5 rotor blades. Nordex uses the NR-58.5 in its successful N117/2400 turbine and will also be fitting it to the N117/3000 in the future. “With this tri-supplier strategy we will be able to boost our capacity for the N117 turbine substantially in the future, ensuring even more reliable deliveries for our customers,” explains Nordex CEO Jürgen Zeschky.

Sunselex Germany files for insolvency

Munich - Sunselex AG in Germany has filed for insolvency on August 1st at the Magistrate Court in Munich, due to a possible loss of liquidity. The German firm is among the most experienced in international project planning and realization of solar parks and reacts to the desolate solar PV market situation in Germany. The core mechanical business unit was unable to operate profitably in the local market.

Research: Fuel cell market to grow rapidly

Dublin, Ireland - The global fuel cell market revenue is estimated to reach 2.5 billion dollars by 2018, according to a report by Research and Markets.

Company profile First Nordex Generation Delta turbines ready for deployment

Hamburg – Launched in February 2013, the Nordex Generation Delta turbines now have received all design evaluation certificates in accordance with the international IEC standard (Design Evaluation Conformity Statement, DECS) on schedule. As well as this, Nordex has already installed the first three next-generation turbines in Germany and Denmark and is thus fully in line with the schedule which it announced.

Tesla exceeds expectations once again

Palo Alto, USA – The U.S. electric car manufacturer, Tesla Motors, delighted its investors once more with strong financial figures in the second quarter of 2013. The company brought in revenues of 26 million dollars, a strong increase of around 70 percent over the first quarter of the current year. The strong sales numbers achieved by the company´s Model S, which reached a record high volume of 5,150 units and exceeding the expected sum of 4,500 units projected, provided a considerable boost to the company´s financial statement. In the first quarter, the company´s gross margin increased by five percentage points to 22 percent over the prior quarter´s results.

Asian portfolio bails out Canadian Solar

Guelph, Canada – The solar module manufacturer, Canadian Solar, was able to trim its losses in the second quarter of 2013. In comparsion to a deficit of 25.5 million dollars in the second quarter of 2012, the company managed to post a reduced shortfall of 12.6 million dollars in the second quarer of this year. Revenues, on the other hand, rose by 9.2 percent to 380.4 million dollars, which was largely a result of the strong showing the company was able to make in the asian market. This development was able to counterbalance a sharp reversal of fortune for company sales in the european market.

Strong demand: Solarcity’s losses narrow

San Mateo, USA – The demand for rooftop power systems keeps on growing: Solarcity deployed 53 MW in the second quarter. The company’s losses narrowed by 7,4 percent to 23,9 mio. dollars – less than expected by analysts. Revenue decreased to 37,9 mio. Dollar.

Greater Gabbard: RWE Innogy and SEE inaugurate world´s second largest offshore wind farm

Essen/Lowestoft, G.B. – Only one month after the inauguration of the world´s largest offshore windfarm London Array, the second largest offshore wind farm in the world was ceremoniously introduced Wednesday in England. The wind farm Greater Gabbard, which is a joint venture between RWE Innogy and SSE and is located 23 kilometres off the coast of Suffolk, is now capable of supplying electricity to around 530,000 households with its installed capacity of 500 megawatts (MW).

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