May 17, 2020

Astronergy: 2010 plan to increase solar modules to 75MW

astronergy-2010-plan-increase-solar-modules-75mw
Admin
2 min
Astronergy
Astronergy, the Chinese monocrystalline and polycrystalline PV modules provider, together with Oerlikon Solar, announce an updated purchase agreeme...


Astronergy, the Chinese monocrystalline and polycrystalline PV modules provider, together with Oerlikon Solar, announce an updated purchase agreement for Oerlikon Solar's thin film equipment. The new order calls for Astronergy to increase its production capacity from 30 megawatts to 75 megawatts in the year 2010. The purchase is an important component to Astronergy’s plan of expanding its thin film solar PV modules to 400 megawatts in the short term.

"We are committed to taking the thin film route as a direction for growth," said Astronergy CEO Dr. Liyou Yang. "We are pleased to see that the thin film silicon market is step by step gaining momentum,” said Dr. Michael Buscher, CEO of Oerlikon.

"By focusing our efforts on thin film products and diligently working to strengthen our core competencies, we will maintain our reputation as a first-class PV enterprise. We are highly confident that continued collaboration will enable both of our companies to extend our leadership in the thin film solar industry," stated Dr. Liyou Lang, CEO of Astronergy.

New module materials and the latest innovations in thin film technology will be incorporated into the production process. The new agreement details the first phase of the 400 megawatt thin film expansion plan of bringing Astronergy’s thin film module capacity to a minimum of 75 megawatts by the beginning of 2011.

"We let our customers benefit from technology innovations that lead to cost reductions. By continuously doing so, we help them stay on track on their cost and technology roadmaps. Astronergy represents a further milestone on our way to demonstrating that thin film silicon technology leads to the lowest module production cost per watt," commented Jurg Henz, CEO of Oerlikon Solar.




 

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Jul 22, 2021

Octopus Renewables buys Eclipse Power

OctopusRenewables
Renewables
Acquisitions
UK
Dominic Ellis
3 min
The deal, completed with funds managed by Octopus, furthers Octopus’ involvement in the electricity distribution sector

Octopus Renewables has strengthened its electricity distribution profile by fully acquiring Eclipse Power for an undisclosed sum.

The deal, which was completed with funds managed by Octopus, furthers Octopus’ involvement in the electricity distribution sector, having worked with Eclipse since 2018. It will allow Eclipse to continue the expansion of its team, while also investing in its systems, technology, and pipeline, with the ambition of making it one of UK’s leading IDNOs.

Eclipse has secured a portfolio of more than 10,000 connections across residential, industrial, commercial, battery storage and electric vehicle charging customers. Given the focus on electrification of heat, transport and industry in the UK, Eclipse is expected to play an important role in facilitating the UK’s energy transition.

Octopus Renewables is the largest investor of utility scale solar power in Europe, as well as a leading investor in onshore wind and biomass, managing a global portfolio valued at more than £3.5 billion. Institutional investor Nest partnered with the company in March.

Peter Dias, Investment Director, Octopus Renewables, said: “Having worked with Eclipse since 2018 and seeing their exciting growth, we’re thrilled to be able to make this acquisition and support the team to maintain this momentum.

“The acquisition of Eclipse is part of our strategy to identify and back great management teams that are supporting the energy transition. With ongoing support and investment, our investee businesses will have access to the expertise, business networks and financing to be able to scale faster and help contribute towards the UK’s net-zero goals.

“High-quality management of the distribution networks is going to be critical for the UK, and we are very pleased to be directly supporting the decarbonisation of heat, transport, and industry through this acquisition of Eclipse.”

Gary Gay, Managing Director, Eclipse, added Octopus shares a clear understanding of the important role that electricity distribution networks will play in the UK’s drive towards net-zero, and importance of a customer-focussed approach for building future smart distribution networks.

“With that, we are excited to now be part of the Octopus Group, with this investment helping us to reach the next stage of our growth journey and contribute to a greener, more efficient electricity network in the UK.”

Global renewables updates

ReNew Power recently won a 200MW/ac Interstate Transmission System (ISTS) solar generation project in an auction conducted by the Maharashtra State Electricity Distribution Company. ReNew Power expects to sign a 25-Year Power Purchase Agreement with the utility by the third fiscal quarter of 2022 to supply clean energy to Maharashtra at a tariff of Rs 2.43/ kWh (~US$0.033).

Natel Energy, a supplier of sustainable hydropower solutions, has announced a $20M funding round led by Breakthrough Energy Ventures and supported by Chevron Technology Ventures.
The company will use the funding to deploy its Restoration Hydro Turbine (RHT), which enables cost-effective production of distributed reliable renewable energy.

Duke Energy Florida plans to invest an estimated $1 billion in 10 new solar power plants across Florida, including the construction of four new sites, which will begin in early 2022 and will take approximately 9 to 12 months to complete. Construction of all 10 sites is projected to be finished by late 2024.

LG Electronics has made public its commitment to transition completely to renewable energy by 2050 as a key component of its sustainability strategy. 

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