Posts Tagged ‘Solar Energy’

ASX Company News: Solco Secures NSW Council Solar Contract

Monday, November 21st, 2011

Solco (SOO) has secured a contract to install grid connected photovoltaic (PV) systems on a range of buildings operated by the Parkes Shire Council in New South Wales. A total solar generation capacity of up to 250kW will be installed across multiple buildings. The systems will range in size depending on each building, with the largest system to be installed on the Shire Council’s Administration, Library and Cultural Centre. The final composition of the system will be decided through consultation with Parkes Shire Council. It is anticipated that the first systems will be installed before the end of 2011 and all the systems will be operational by the end of the first quarter 2012.

Solco Executive Chairman Dave Richardson said the contract had been secured in a very competitive tender process and demonstrated that Solco was a leader in providing PV systems for businesses and other organisations. “We believe that Local Governments, medium sized and similar groups are the organisations that will benefit most from upgrading to solar energy systems in the near future. This is because the cost of solar energy is increasingly affordable because it steadily becoming close to parity with traditional electricity sources, plus they are now facing new cost impacts on purchasing electricity as a result of the Federal Government’s Clean Energy Bill.”

Solco is one of the leading national solar power and pumping product wholesalers, with nationwide distribution networks and an increasing presence in the development of solar power projects and the generation of electricity from solar sources.

www.solco.com.au

http://www.traderdealer.com.au/fundamentals/soo

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ASX Company News: CBD Energy To Construct Solar Farms

Wednesday, March 2nd, 2011

Diversified renewable energy company, CBD Energy Limited (CBD) has secured two contracts for a combined 40MW of solar farms to be constructed in Italy. Heads of agreement for the contracts have been signed by CBD’s solar energy subsidiary, eco-Kinetics.

The agreement comprises one contract for 10 x 1MW projects and a second contract for 1 x 20MW and 1 x 10MW projects. Total project value is approximately A$185 million and construction is scheduled for May 2011 to March 2012. These projects have been secured through a partnership with an Italian renewable energy project developer.  The solar farms will be owned and operated by investment companies from Europe, South East Asia and USA. The heads of agreement for these projects are subject to a successful outcome of due diligence by CBD and the intention is to ratify the contracts in April 2011.

CBD is Australia’s emerging leader in renewable energy, enabling the efficient use of renewable energy, for utilities, businesses and households, through operations in wind, solar, energy storage and engineering.

www.cbdenergy.com.au

http://www.traderdealer.com.au/Fundamentals/cbd

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ASX Company News: Redflow To Supply Zinc Bromine Batteries To Energy Safe Victoria

Wednesday, December 15th, 2010

RedFlow Limited (RFX) is pleased to confirm the finalisation of a supply contract for ten zinc- bromine battery–based remote area power systems (RAPS) with Energy Safe Victoria (ESV). ESV is the independent statutory safety regulator responsible for electrical and gas safety in that state. Each RAPS system comprises a RedFlow 5 kW packaged zinc-bromine battery–based energy storage system, together with roof-mounted solar panels and a packaged diesel generation set. The approximate contract value is $1 million. RedFlow will install these systems in the Daylesford and Euroa districts of Victoria.The installation is part of the Victorian Government’s initiative of setting up a Powerline  Bushfire Safety Taskforce to investigate alternative measures to reduce bush fire risk following the report of the Victorian Bushfires Royal Commission. RedFlow is currently installing the first three units in Daylesford and the remaining systems will be delivered shortly.

Phil Hutchings, CEO of RedFlow said “This order illustrates yet another application for our energy storage systems based on our high performance zinc-bromine batteries, and RedFlow’s ability to integrate these with both solar PV and diesel systems for power generation. These units are designed to demonstrate how selected parts of the overhead electricity network can be turned off on high risk fire days in the Victorian summer. The RedFlow systems will allow electricity supply to be maintained to households when that occurs and do so in an efficient and environmentally friendly way”.

Founded in 2005, RedFlow is now acknowledged as one of the world leaders in high performance zinc bromine flow batteries (ZBM) for grid-connected electricity storage. RedFlow’s utility-scale energy storage systems help reduce electricity distribution costs and allow clean solar generated electricity to be used at night.

www.redflow.com.au

http://www.traderdealer.com.au/Fundamentals/rfx

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ASX Company News: Greenearth Energy Enters Australian Solar JV agreement

Tuesday, December 7th, 2010

Greenearth Energy Limited (GER) is pleased to announce that its subsidiary Greenearth Solar Energy Pty Ltd and Israel based ZenithSolar Ltd have joined forces to introduce to the Australian market a unique, state-of-the art High Concentration Photovoltaic (HCPV) / Combined Heat and Power (CHP) solar technology, the ZenithSolar Z20. Greenearth Solar Energy and ZenithSolar have signed a Conditional Distribution Agreement under which a trial of the ZenithSolar Z20 technology will be carried out in Victoria in early 2011. A successful trial will result in Greenearth Solar Energy and ZenithSolar establishing an Exclusive Distribution Agreement for the technology for Australia, New Zealand, Indonesia and a number of Pacific Island nations.

The benefits of the ZenithSolar Z20 CHP solar technology include Combined Heat and Power generation (CHP); Industry highest combined efficiency of greater than 72%; Dual outputs (Heat and Power) improves project ROI;System design allows for easy upgrades; Modular Installations with small footprint; and Proven field performance.

Co-Founder and Chief Executive Officer of ZenithSolar Roy Segev said; “Australia is an important strategic market for ZenithSolar and we are delighted to be entering into this partnership with Greenearth Solar Energy and establishing a field trial of our world-class technology in 2011.“Our Z20 CHP solar technology has been successfully operating in Israel since early 2009, we continue to refine and improve our product to where we have today the industry’s highest combined efficiency backed by proven field performance. We have complete confidence in our technology and look forward to a long and mutually beneficial partnership with Greenearth Solar Energy and its customers”. Managing Director of Greenearth Energy Mark Miller said; “We have been working with ZenithSolar for some time and are delighted to have established the terms of our 2011 Victorian trial. “We believe the ZenithSolar Z20 CHP solar technology has the potential to efficiently deliver the dual benefits of emissions free power and hot water to a wide range of customers. We look forward to successfully delivering the Victorian trial of the ZenithSolar Z20 CHP solar technology and moving to full distribution within Australia and our region.

www.zenithsolar.com

www.greenearthenergy.com.au

http://www.traderdealer.com.au/Fundamentals/ger

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ASX Company News: CBD Energy Enters JV Agreement To Manufacture Solar Panels In Australia

Wednesday, November 24th, 2010

Diversified renewable energy company, CBD Energy Limited (CBD) has signed a memorandum of understanding with China’s Tianwei Group to establish a solar equipment manufacturing business in Australia. The new business creates a partnership between CBD, its wholly owned subsidiary, eco-Kinetics, and Tianwei, a substantial Chinese electricity group and pioneer in renewable energy. Tianwei will own 5 per cent of the joint venture company that will be established, in exchange for providing its brand and technology, increasing to 51 per cent when the Chinese and Australian Governments have approved the transaction. The new business will manufacture solar photovoltaic modules with integrated operating systems and Tianwei will grant to the business exclusive manufacturing rights for this equipment in Australia. The new solar business expects to establish annual production of 50 MW of modules which would represent revenue of approximately $100 million and create 100 jobs.  CBD believes it will be the only Australian company able to provide a locally manufactured PV system with modules and mounting kits from eco-Kinetics partnered with inverters manufactured by its CapTech division.

According to CBD Managing Director, Mr Gerry McGowan, “This is a big vote of confidence by Tianwei in CBD’s vision and capabilities and both companies see significant potential around solar manufacturing in Australia. We believe opportunities for selling solar equipment can only increase in attractiveness in coming years, especially since community support for solar is strong as consumers struggle with increasing power prices.

CBD is Australia’s emerging leader in renewable energy, enabling the efficient use of renewable energy, for utilities, businesses and households, through operations in wind, solar, energy storage and engineering.  Tianwei Group is a conglomerate involved in the manufacture of electricity transmission, transformer and renewable energy products. Tianwei is a pioneer in China in renewable energy, with investments in wind turbine and blade manufacturing and production of solar grade silicon, solar photovoltaic equipment, thin film laminates and solar thermal equipment.

www.cbdenergy.com.au

http://www.traderdealer.com.au/Fundamentals/cbd

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ASX Company News: CBD Energy To Build Large Solar Power Plant In Thailand

Wednesday, August 25th, 2010

Diversified renewable energy company, CBD Energy Limited (CBD), through wholly owned subsidiary, eco-Kinetics, has won a significant contract to build a solar power plant in Thailand. The size of the installation, at a total 99MW, will rank it among the larger photovoltaic plants in the world.

CBD subsidiary, eco-Kinetics, has signed a turnkey contract which covers design, equipment supply and construction of the plant as well as an operating and maintenance contract. The contract for the project is with a prominent private business group in Thailand which has ventures across manufacturing, chemical, insurances, transport and real estate.

A first down payment for the project has been received. The project begins with an initial stage of 8 MW, increasing to a total size of 99MW, with an overall project value in excess of $A300 million. eco-Kinetics expects to commence site works and begin installation in September 2010, leading to completion of Stage 1 by early 2011. The total project is expected to be completed approximately two years from initial commencement.

The project is supported by a power purchase agreement with Thailand’s electricity authority, Provincial Electricity Authority of Thailand. The location of the solar plant is in Chonburi province near the Eastern Seaboard.

According to CBD Managing Director, Mr Gerry McGowan, this new contract illustrated the enhanced capabilities within the diversified renewable energy group. “The acquisition of eco-Kinetics has significantly expanded our commercial reach in Australia and overseas solar markets,” Mr McGowan said. “Winning this project is an outstanding achievement by Edwin Cywinski and his team at eco -Kinetics as they look beyond Australia to build a renewable energy business,” Mr McGowan said.

CBD is Australia’s emerging leader in renewable energy, enabling the efficient use of renewable energy, for utilities, businesses and households, through operations in four areas – wind, solar, energy storage and energy services.

www.cbdenergy.com.au

http://www.traderdealer.com.au/Fundamentals/cbd

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ASX Company News: Solco Secures Exclusive Solar Supply Agreement

Wednesday, August 4th, 2010

Solco Limited (SOO) has secured an exclusive agreement with leading Chinese solar company, Astronergy (also known as Chint Solar) to be the exclusive distributor of Astronergy solar modules throughout Australia, New Zealand, Papua New Guinea, Nauru and other Oceania nations.

With the availability of supply being a major concern for other players in the solar industry, this deal effectively secures and underpins Solco’s growth and development strategy.  Solco’s Chief Executive Officer, Mark Norman believes the partnership with Astronergy is crucial towards securing a continuous supply of products for its customers.

“One of the major obstacles concerning the solar industry today is the availability of a steady supply of high quality solar products,” said Mr Norman.  “This agreement with Astronergy will allow us to drive revenue and earnings growth through our unique access to a growing supply of products from China. This will undoubtedly enhance our operations and future development opportunities”.

“We firmly believe this is the opening phase of our strong and expanding relationship with Astronergy and its global parent, the Chint Group. Astronergy products consistently achieve an excellent level of quality and performance.”  Solco will distribute Astronergy’s entire line of solar products, including monocrystalline solar PV, polycrystalline solar PV, and high-efficiency thin film PV. The high quality modules will be used across the complete range of solar applications including PV systems for residences, government and schools as well as larger scale projects.

Increased demand in the Australian Pacific market and the addition of more sales channels in the region has already made its impact on the Companies’ joint efforts. It is expected that this year’s shipment volume will double the original amount outlined in the contract.

Astronergy is a subsidiary of global electrical equipment company, the Chint Group. CHINT is a leading international player in the low-voltage electrical, power transmission and distribution industries. With over 16,000 employees, its sales turnover reached US$2 Billion by the end of 2006.

In 2006, CHINT ranked 15th in the list of top 100 companies released by Forbes, which evaluated all private companies (both those listed as public and not) in China.  Astronergy, based in Zhejiang Province, specialises in cutting-edge research, development and production of solar modules. It is the first large scale producer of high-efficiency thin film PV modules in mainland China, and has been a trusted provider of monocrystalline and polycrystalline PV modules since its founding in 2006.

www.solco.com.au

http://www.traderdealer.com.au/Fundamentals/soo

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Dyesol Announces JV Agreement With CSIRO

Wednesday, May 5th, 2010

Dyesol (DYE), a world leader in the commercialisation of dye solar cell (DSC) technology and CSIRO expect to finalise the documents shortly that define a collaboration which has the objective to develop higher performing dyes in a two year project funded by CSIRO’s Australian Growth Partnership (AGP) programme. The details will be announced to the market upon execution.

Under the proposed terms of the collaboration, Dyesol will project manage a specialised team of experienced scientists from CSIRO to work with the Company on an agreed development program leveraging Dyesol’s deep knowledge of ruthenium based dyes and CSIRO’s extensive modelling and research capability. The program will target the creation of new intellectual property (IP) that the Company expects will further reinforce its market leadership position in the DSC photovoltaic market. Under the proposed terms, Dyesol can exclusively access the project IP.

Ruthenium based dyes, known as organo-metallic dyes, are at the core of DSC technology. DSC requires the deposition of nano-particulate titania, ruthenium dyes and an electrolyte, sandwiched between suitable substrates, capturing light and, through an electrochemical process, converting it into energy. DSC is particularly suited to building integrated photovoltaic (BIPV) applications offering an energy solution to the built environment which is the largest consumer of electrical power globally.

Dyesol Australia’s Chief Executive Officer, Ross MacDiarmid said: “This project is a further example of the effectiveness of Dyesol’s commercialisation strategy in which partnerships with global companies such as CORUS (Tata Steel) to develop metal based products and the collaboration with Pilkington NA to develop glass-based products, is complemented by the programs with technology leaders like Merck and the CSIRO to develop valuable IP around higher performing materials. We look forward to partnering and consider this another milestone in the inexorable progress of DSC to the market place.”

The arrangements being finalised, involve the purchase of a Dyesol laboratory solution by CSIRO, a direct investment into Dyesol via the AGP program and in-kind contributions from both CSIRO’s Energy Transformed Flagship and Dyesol itself.   Should the program outcomes be achieved, the terms of the financing facility provides Dyesol with flexibility in respect to its preferred repayment options including the issue of equity to CSIRO and/or royalty stream participation.

Dyesol believes that once executed, this world-class partnership will add to those already in place, offering it an exceptional opportunity to leverage the R&D capability of its collaborators with the application development experience of its commercial partners to support the business model that will deliver DSC products to the world market.

www.dyesol.com

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Dyesol Enters JV Agreement To Build Solar Plant

Tuesday, April 20th, 2010

Dyesol Limited (DYE) and Singapore Aerospace Manufacturing Pte Ltd have signed a Memorandum of Understanding to collaboratively design, develop and build an automated pilot manufacturing facility for DSC products. The agreement involves Dyesol and SAM working together to design and cost a pilot manufacturing facility with an annual production capacity exceeding 20,000m , develop the business case and construct the facility. The project will also address scale up to significantly larger volume production. This activity builds on the close relationship that currently exists between Dyesol and LKT Industrial Bhd, a wholly owned subsidiary of SAM, which is currently manufacturing a range of specialised Dyesol test and process equipment under contract. This is a synergistic relationship where LKT’s design, manufacturing and QA systems allow high quality equipment to be produced at a lower cost. While SAM’s roots lie in the aerospace industry, through acquisition and diversification, it has grown to be a multidisciplinary conglomerate with considerable capability in engineering, process automation and contract manufacture for a blue chip client base.

Gordon Thompson, Director of Dyesol, stated, “This MOU is a further example of Dyesol teaming with quality global partners to advance the rapid commercialisation of dye solar cell technology. There is a good strategic fit between SAM and Dyesol – our skill sets are complementary and the relationship to date has resulted in considerable benefit to Dyesol. Equipment sales represent a considerable portion of Dyesol’s current revenue base, and being able to supply integrated automated solutions offers further growth opportunities.” Mr Thompson added, “The MOU is the next step in moving to large scale automated DSC product production and will provide a technology platform to support our activities, partners and projects globally. Larger scale production capacity will underpin growth in revenue from our core materials business.” Oh Chong Ho, Executive VP of SAM added, “This is a strategic partnership for SAM as we see DSC as a high growth market and the Singapore Government’s support of cleantech provides a great opportunity to develop this technology. We are confident that teaming with Dyesol is the best way to expand into this area.”

Headquartered in Singapore, SAM has 1,200 employees across Asia and Europe servicing the aerospace and industrial equipment industries. SAM is equipped with cutting edge manufacturing capabilities to service leading global companies in these respective industries. As an AS9100 certified company, SAM’s quality system conforms to major companies in the aerospace and industrial equipment industries. Its products are supplied from its facilities in Singapore, Malaysia, Thailand, China and Germany to customers world-wide. Dyesol manufactures and supplies a range of Dye Solar Cell products comprising equipment, chemicals, materials, components and related services to researchers and manufacturers of DSC. The Company is playing a key role in taking this third generation solar technology out of the laboratory and into the community.

www.sam.sg

www.dyesol.com

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Silex Systems Acquires Solar Systems Group

Wednesday, February 10th, 2010

Silex Systems Ltd (SLX) announced today that it has entered into a conditional agreement to acquire the assets of Melbourne based Solar Systems Group (SSG) from the company’s Administrators.  SSG’s solar technology is applicable to large utility-scale electrical power generation using its proprietary “Dense Array” concentrating photovoltaic (CPV) solar conversion technology. This technology utilizes ultra-high efficiency photovoltaic (PV) cells (initially developed for space applications) and is ideally suited to the burgeoning global utility- scale solar power station market. The key and unique advantages of this technology include the use of advanced ‘triple junction’ solar cells capable of at least 35% efficiency – approximately double the efficiency of today’s best silicon-based cells – and the use of active cooling to maximize power output and lifetime performance from the solar cells. Following completion of the acquisition, Silex will conduct a 12 to 18 month technology commercialization program in parallel with business development and marketing activities, with the aim of commencing commercial project activities in 2011.

“This is a very exciting development and a priceless opportunity for Silex to enter the utility scale concentrating photovoltaic market for a fraction of the cost it has taken to develop” Dr Michael Goldsworthy, Silex’s CEO said today. “Combined with our acquisition of the Sydney Olympic Park solar panel manufacturing facility in mid-2009, Silex will have world class technology for both the distributed rooftop solar panel market as well as the utility scale CPV power generation market. Both of these solar technologies will play an important part in the renewable energy industry, as global climate change policies become mainstream in the energy sector ”, he added.

As noted above, approximately $150 million has been invested to date in research and development activities, power generation projects, manufacturing plant and equipment, and business development activities. The assets to be acquired include Patented IP relating to Dense-Array CPV technology; a manufacturing facility located in Melbourne with an annual capacity of up to 500MW of CPV solar modules per year; a fully functional power generation demonstration facility (rated at ~140kW) in Bridgewater, Victoria; a development site and adjoining acreage (option to acquire) for a proposed 154MW solar power station project in Mildura, Victoria. The purchase price of A$20 million comprises of $2 million in cash upon completion ($1 million of which has been paid as a fully refundable deposit).; $18 million in fully paid ordinary shares in Silex with $13 million worth of shares to be issued on completion and held in escrow with $6.5 million worth of shares to be released from escrow 12 months following completion, and the remaining $6.5 million worth of shares to be released from escrow 24 months following completion; and  $1 million worth of shares to be issued each month after completion for 5 months.

www.solarsystems.com.au

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