Browse the Detailed Analysis Report of Rooftop Solar PV Market with Top Key players Trina Solar

News-Gazette | March 13, 2019

Growing adoption of rooftop solar photovoltaics (PV) panels in residential and commercial installations for generation of power using solar energy and increased investment by major players in the solar energy industry for the development of rooftop solar PV panels are the key trends witnessed in the global rooftop solar PV market. This increasing adoption is favored due to regulatory policies, development of infrastructure, high gross domestic product (GDP) growth, large consumer base, low cost of power generation, and sustainable energy requirements in emerging economies such as China and India. The rooftop solar PV market is expected to be driven by government policies and initiatives. Additionally, increasing demand for solar PV panel from different regions has led to the production of cheap modules and thereby, caused a decline in prices of solar modules globally. This is expected to further assist in capacity additions of solar PV installations in the future.

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SUSTAINABILITY

Canadian Solar Signs Power Purchase Agreement Total of 862 MWp in Solar PPA with BTG and Auction with Furnas in Brazil

Canadian Solar | November 23, 2020

Canadian Solar Inc. one of the world's biggest sunlight based force organizations, reported that it as of late consented to a force buy arrangement ("PPA") with BTG Pactual ("BTG", B3: BPAC11) and that it was granted with two ventures in a private sale by Furnas Centrais Eletricas ("Furnas") for a sum of 862 MWp in sun oriented force ventures in Brazil. For the 12-year PPA with BTG, Canadian Solar will flexibly sun based energy from a 170 MWp bunch of ventures situated in the State of Minas Gerais. The ventures will begin development in 2021 and are relied upon to accomplish business activity before the finish of 2022. BTG is one of the principle speculation banks in Latin America and runs one of the biggest energy exchanging organizations Brazil. Furnas will buy sun powered energy from two Canadian Solar ventures through a 15-year PPA. Canadian Solar will create and manufacture both Furnas ventures totalling 692 MWp. One of them, will be situated in the State of Ceará and will have a limit of 260 MWp. The subsequent undertaking is situated in the State of Piuaí and will have a limit of 432 MWp. The two tasks will begin development in 2022 and are required to arrive at business activity before the finish of 2023. Furnas is a majority-controlled subsidiary of Centrais Elétricas Brasileiras S.A. – Eletrobras ("Eletrobras",NYSE: EBR). Furnas' business is mainly in energy generation, transmission and sales. It operates in 16 Brazilian states and is the owner of 21 hydro plants, 2 thermal plants, 1 wind farm and 30,000 kilometers of transmission lines. Dr. Shawn Qu, Chairman and CEO of Canadian Solar, commented, "We are pleased to partner with BTG and Furnas to deliver clean solar energy to Brazilian consumers. I am also proud of our team's great work in expanding our leadership position in the solar project development market in Brazil. After the 274 MWp in corporate PPAs that we signed earlier in June, the volume of projects secured in this PPA and auction is the largest in Canadian Solar's history, and it increases our backlog of solar projects in Brazil with PPAs (or equivalent) to almost 2.2 GWp." "We are also making good progress on our project monetization strategy in Brazil, where we are in the process of forming a Brazilian Participation Fund for Infrastructure projects, or FIP-IE, which is on track to launch in 2021. This will help accelerate our growth in the Brazilian market as we optimize our capital allocation. More updates to come."

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ECONOMY

Summit Carbon Solutions Partners with Bushmills Ethanol

Bushmills Ethanol | April 18, 2022

Summit Carbon Solutions is happy to announce a new cooperation with Bushmills Ethanol, Inc. to help the company decarbonize its Atwater, Minnesota, ethanol plant. Bushmills Ethanol joins Summit Carbon Solutions' revolutionary carbon capture and storage project as the 32nd ethanol facility. The plant commenced production in 2005 and now generates 85 million gallons of gasoline-ethanol annually. Summit Carbon Solutions is creating the world's most significant carbon capture and storage project, permanently capturing and storing up to 12 million tons of carbon dioxide per year. The project will span Minnesota, Iowa, Nebraska, South Dakota, and North Dakota, and will result in a 50 percent reduction in the carbon footprint of associated ethanol units. "We are thrilled to have a progressive company such as Bushmills Ethanol as our newest partner, We share a shared vision of supporting the long-term sustainability of U.S. agriculture by decarbonizing the supply chain and produced products. Bushmills is an excellent operator and has continually improved its plant through investments to reduce energy consumption and improve yields." -Jim Pirolli, Chief Commercial Officer of Summit Carbon Solutions. Summit Carbon Solutions and Bushmills Ethanol will capture and compress more than 230,000 metric tons of CO2 per year, transported to North Dakota for permanent geologic storage. Summit Carbon Solutions recently announced significant project milestones, including submitting pipeline permit applications in Iowa and South Dakota, and has raised more than $600 million in equity capital, including recent investments from Continental Resources and Tiger Infrastructure Partners. Summit Carbon Solutions' objective is to reduce greenhouse gas emissions by connecting industrial and biogenic carbon dioxide emitters with strategic infrastructure that securely and permanently stores carbon dioxide in the Midwest of the United States.

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INDUSTRY UPDATES

Enphase Energy and Urban Solar Partner on 719 kW Multifamily Solar Site

Enphase Energy | March 09, 2021

Enphase Energy, Inc. (NASDAQ: ENPH), a worldwide energy the board innovation organization and the world's driving provider of microinverter-based solar-in addition to capacity frameworks, today announced that Urban Solar has sent a huge scope business solar framework at the Praxis of Deerfield Beach senior living local area in Deerfield Beach, Florida. Crossing nine structures, the framework is required to create 1,040,900 kWh of power in its first year of activity. The Praxis of Deerfield Beach senior living local area is possessed by MRK Partners and offers loft style living intended for low-and fixed-pay seniors. The 224-unit complex was initially inherent an expert meter arrangement, for which the neighborhood utility required the utilization of a solitary stage solar framework. The Praxis solar exhibit comprises of 1,798 Enphase IQ 7+™ microinverters oversaw by nine Enphase Envoy™ interchanges entryway gadgets. The Envoy interchanges entryways associate Enphase Solar frameworks to the Enphase Enlighten™ programming observing stage and help make per-board energy checking and experiences for tasks and upkeep simple. “This is the second master meter property in the MRK Partners portfolio that Urban Solar has helped bring into the future with solar energy, and Enphase Solar technology has once again proven to be the right technology for the upgrade,” said Michael Vergona, president at Urban Solar. “These master meter buildings were built in the 1980s and provide a vital source of housing for seniors with constrained budgets. A large-scale upgrade to an individually metered electrical system would have been complicated and expensive, so we were very happy to offer a solar energy alternative that helped to solve the problem." Enphase microinverters are exposed to a thorough dependability and quality testing routine with more than 1,000,000 total long stretches of test cycles in heat, high moistness, pungent air, and outrageous virus. To additional assistance guarantee quality and solidness, Enphase IQ 7+ microinverters are intended to be extensive energy resources and don't contain muddled moving parts or effectively weak segments, like fans, and are upheld by a 25-year guarantee. “The Urban Solar team has taken on some extraordinarily challenging solar projects, and I am proud that Enphase products were utilized to add value for multi-unit properties like the Praxis of Deerfield Beach,” said Dave Ranhoff, chief commercial officer at Enphase Energy. “At Enphase, we are dedicated to delivering a combination of high-quality products and an outstanding customer experience, and installation companies like Urban Solar help deliver on these commitments.” About Enphase Energy, Inc. Enphase Energy, a global energy technology company, delivers smart, easy-to-use solutions that manage solar generation, storage and communication on one intelligent platform. The Company revolutionized the solar industry with its microinverter technology and produces a fully integrated solar-plus-storage solution. Enphase has shipped more than 32 million microinverters, and approximately 1.4 million Enphase-based systems have been deployed in more than 130 countries. Forward-Looking Statements This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy’s technology and products, including monitoring capabilities, quality and reliability, and energy production; and our customer service and the quality of service provided by our installation partners. These forward-looking statements are based on Enphase’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of certain risks and uncertainties, including those risks described in more detail in Enphase’s most recent Annual Report on Form 10-K and other documents on file with the SEC and available on the SEC’s website at www.sec.gov. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, or changes in its expectations, except as required by law.

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