See Columbia.
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Date: Thursday, June 12, 2014
Subject: PHOTON Newsletter - International edition from June 12, 2014
To:
mbannerman@arcstarenergy.com | Personal Newsletter for Monty Bannerman | | | | | from 12.06.2014 | |  |
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| Business |
| Mascotte to sell Sun Materials for 1 HKD |
Sun Materials polysilicon factory in Yi-Lan, Taiwan never began commercial production due to problems with the production process.
© Mascotte Holdings Limited | 12.06.2014: Mascotte Holdings Ltd. has agreed to sell its indirect wholly owned subsidiary Taiwan-based polysilicon producer Sun Materials Technology Co. Ltd. Last week, Mascotte signed an agreement to sell Taiwan-based investment holding firm Sun Mass Energy Ltd., the holding company for Lution International Holdings Co. Ltd., another holding company that owns Sun Materials. The purchase price was set at 1 HKD (13¢). The name of the independent third-party buyer was not disclosed. Once the conditional agreement is approved, Mascotte will cease to have any responsibility for all business operation, financial and legal matters of Sun Mass, including responsibility for bank and other borrowings. Mascotte estimates that Sun Mass owes more than $5.1 million in loans and interest. On top of this, the company has a 20-year lease agreement for the land where the Sun Materials factory is located. Sun Mass has an outstanding lease payment of over $15 million for the remaining 13 years. Sun Mass has estimated monthly operating costs of roughly $129,000, but Sun Materials is not generating any income. The Sun Materials factory, located in Yi-Lan, Taiwan, has a production capacity of 3,500 MT. However, commercial production at the facility, scheduled to begin in the fourth quarter of 2011, never began due to problems with the production process. © PHOTON http://www.mascotte.com http://www.mascotte.com/attachment/20140606200201001933945_en.pdf Die vollständige Pressemitteilung finden Sie auch im PHOTON-Archiv unter folgendem Link:
http://www.photon.info/newsletter/document/86518.pdf | |
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| Colombia gets its largest PV system |
| 12.06.2014: Colombia's Ministry of Energy and Mines announced the completion of the country's largest operational PV system. The off-grid PV system, which relies 1,300 solar modules provided by an undisclosed manufacturer, will provide power to the municipalities of Nazareth and Puerto Estrella. The project was developed in the frame of the country's renewable energy law »Ley 1715 – 2014,« which was approved by the Colombian government in mid-May. The law provides financial support for the deployment of off-grid renewable energy projects across Colombia and aims to reduce the use of diesel fuel in non-interconnected areas by replacing diesel generators with renewable energy installations. Deployment of these installations is being supported by a newly created fund, the Fondo de Energías No Convencionales y Gestión Eficiente de la Energía. The new law also provides a legal framework for the development of renewable energy projects in Colombia. © PHOTON http://www.minminas.gov.co http://www.minminas.gov.co/minminas/index.jsp?cargaHome=2&opcionCalend
ar=10&id_comunicado=1031 Die vollständige Pressemitteilung finden Sie auch im PHOTON-Archiv unter folgendem Link:
http://www.photon.info/newsletter/document/86522.pdf | |
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| Business |
| OBC to launch debt recovery process for Moser Baer's solar business |
| 12.06.2014: The Oriental Bank of Commerce (OBC) is planning to initiate a debt recovery process for Moser Baer Photovoltaic Ltd., the PV-focused subsidiary of India-based tech manufacturing company Moser Baer India Ltd. OBC claims that Moser Baer Photovoltaic has failed to fulfill conditions imposed as part of a corporate debt restructuring exercise. The company owes the bank around 4.33 billion INR ($73 million). © PHOTON http://freepressjournal.in http://freepressjournal.in/obc-may-start-recovery-process-of-moser-bae
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| Barbados plans its first large-scale PV project |
| 12.06.2014: The Barbados Light & Power Co. (BL&P), the sole electricity utility in Barbados, plans to install up to 8 MW of PV generation capacity on 45 acres of land it owns in the parish of St. Lucy. As an initial step, BL&P has published a Request for Expressions of Interest to identify contractors who would respond to a formal Request for Proposals (RfP), which will be issued in mid-2014. This solar project forms part of BL&P's strategy to reduce dependence on imported fossil fuel. It will also contribute to the achievement of the government's renewable energy goals identified in the National Sustainable Energy Policy. © PHOTON http://www.blpc.com.bb http://www.blpc.com.bb/watts_display.cfm?ID=177 Die vollständige Pressemitteilung finden Sie auch im PHOTON-Archiv unter folgendem Link:
http://www.photon.info/newsletter/document/86530.pdf | |
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| Science & technology |
| NREL finds up to 6¢ per kWh extra value with CSP |
The 19.9 MW Gemasolar power plant in Spain was the first commercial CSP plant with a central tower receiver and molten salt storage.
© Torresol Energy Investments | 12.06.2014: CSP projects would add additional value of 5¢ per kWh to utility-scale solar energy in California if the state reaches its 33% renewables target in 6 years, according to a new report from the US Department of Energy's National Renewable Energy Laboratory (NREL). The report, »Estimating the Value of Utility-Scale Solar Technologies in California Under a 40% Renewable Portfolio Standard,« finds that CSP, with its ability to store energy for several hours or more, helps maintain firm capacity at night. Compared to variable generation technologies, this translates to an increase in value of 5¢ per kWh under a 33% renewable standard – the mandate for 2020 – or 6¢ per kWh under a 40% renewable standard. The added value means that at peak demands, CSP can help lower electricity bills. »CSP adds significant additional value when compared to less flexible generation sources,« said NREL CSP Group Manager Mark Mehos, a co-author of the study. »As the penetration of renewables rises, so does the relative value of CSP. CSP could also allow greater penetration of PV by making the grid more flexible and reducing curtailment of PV by generating energy after the sun sets.« © PHOTON http://www.nrel.gov http://www.nrel.gov/news/press/2014/11370.html Die vollständige Pressemitteilung finden Sie auch im PHOTON-Archiv unter folgendem Link:
http://www.photon.info/newsletter/document/86535.pdf | |
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| Markets |
| Spanish region of Extremadura reaffirms support for 1.2 GW PV project pipeline |
The Spanish region of Extremadura is still pushing for more solar despite the collapse of the national solar market. | 12.06.2014: The government of the Spanish region of Extremadura has reiterated its support for three large-scale PV power projects planned for the region. Together, the proposed projects would have a combined capacity of 1.2 GW. According to local newspaper Hoy, the regional government is working with Spanish grid operator Red Electrica de España (REE) and the national government to fast-track the authorization process for the three projects. The first of the three projects is a 500 MW PV project planned for Usagre. The government signed a cooperation agreement with local company Ecoenergías del Guadiana for the project in May 2012. At the time, the government said the project would cost approximately €750 million ($1 billion) and would be completed in 2014. As part of the agreement, Extremadura promised to streamline all administrative processes related to the project. The second project, a 400 MW project proposed by solar companies Valsolar and Solarstrom, would be built in the municipalities of Calzadilla and Bienvenida. The government and the two promoters also signed a cooperation agreement for the project in May 2012. At that time, the government said the project would require an investment of about €450 million and that it would be completed in 2015. Details about the third project, which would have a generation capacity of 300 MW, were not disclosed. © PHOTON http://www.juntaex.es http://www.hoy.es/extremadura/201406/10/junta-afirma-saldran-adelante-
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| Business |
| Toyo to build 32 MW solar plant in southern Japan for Pacifico Energy |
The 32 MW Kumenan power plant, scheduled to come on line in March 2016, will be located in Okayama Prefecture, Japan.
© GE Energy Financial Services | 12.06.2014: Japanese solar power plant developer Pacifico Energy K.K. has awarded local engineering firm Toyo Engineering Corp. an EPC contract for a 32 MW PV project it is developing in Okayama Prefecture, Japan. The Kumenan power plant, scheduled to come on line in March 2016, will sell its output to utility Chugoku Electric Power Co. Inc. through a 20-year PPA at a fixed tariff rate. The EPC contract is valued at approximately ¥9 billion ($87.9 million). The power plant will use PV modules produced by China-base Yingli Green Energy. Earlier this week, US-based GE Energy Financial Services, GE's energy investing business, announced it had invested in the Kumenan project. GE Energy Financial Services did not disclose the amount it contributed, but it did say that the investment was made on a non-recourse project finance basis and that it was supported by a ¥11 billion loan from the Bank of Tokyo–Mitsubishi UFJ and the Chugoku Bank Ltd. The investment is part of GE Energy Financial Services' plan to invest over $1 billion annually in renewable energy projects worldwide. Developer Pacifico Energy expects to begin construction on 200 MW of solar power projects this year across four projects. © PHOTON http://www.toyo-eng.co.jp http://www.toyo-eng.co.jp/en/company/news/2014/20140609/index.html Die vollständige Pressemitteilung finden Sie auch im PHOTON-Archiv unter folgendem Link:
http://www.photon.info/newsletter/document/86526.pdf | |
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