SOLAR+STORAGE

Daqo New Energy Announces Partnership Long-Term High-Purity Polysilicon Supply Agreement with Trina Solar

Daqo New Energy | November 30, 2020

Daqo New Energy Corp. a main maker of high-immaculateness polysilicon for the worldwide sun oriented PV industry, today reported that it marked a drawn out high-virtue polysilicon flexibly concurrence with Trina Solar a worldwide driving sunlight based PV framework integrator.

Under the flexibly arrangement, Daqo New Energy will give Trina high-virtue mono-grade polysilicon in an aggregate sum of 30,000 MT ~ 37,600 MT between November 2020 and December 2023. Real costs will be haggled by the two players month to month as per economic situations. As a feature of the gracefully arrangement, Trina will make a development installment to Daqo New Energy.

Mr. Jifan Gao, Chairman of Trina Solar, remarked, "As a worldwide driving sunlight based PV arrangement supplier, we are constantly dedicated to development and quality improvement. We are satisfied to go into a drawn out association with Daqo New Energy. This will assist us with bettering execute our system, which is to give progressed sun based PV items and arrangements with higher proficiency to address quickly developing interest in sunlight based PV market, drive network equality and advantage society through efficient power energy."

Mr. Longgen Zhang, Chief Executive Officer of Daqo New Energy, remarked, "We are extremely satisfied to develop our participation with Trina Solar with this three-year polysilicon flexibly understanding. We will keep on giving five star polysilicon items to our clients and work with them to encourage development, improve transformation effectiveness, decrease levelized cost and accomplish lattice equality for sun powered PV energy.

About Trina Solar

Founded in 1997 as a world leading solar PV system integrator, Trina Solar's business includes R&D, manufacture and sales of solar PV modules, power plants and system products, solar PV power generation and operations and maintenance and service, R&D and sales of smart micro-grid, multi-energy system, and smart energy cloud platform operations.

About Daqo New Energy

Daqo New Energy Corp. (NYSE: DQ) ("Daqo" or the "Company") is a leading manufacturer of high-purity polysilicon for the global solar PV industry. Founded in 2007, the Company is one of the world's lowest cost producers of high-purity polysilicon. Daqo's highly-efficient and technically advanced manufacturing facility currently has a nameplate annual polysilicon production capacity of 70,000 metric tons.

Spotlight

Introducing the V116-2.0 MW™ and V120-2.0 MW™, strengthening and expanding the 2 MW platform, the most widely applied platform in the history of wind energy. The two larger rotors to the Vestas 2 MW platform, deliver more stable energy production and a higher power output at lower wind speeds.

Spotlight

Introducing the V116-2.0 MW™ and V120-2.0 MW™, strengthening and expanding the 2 MW platform, the most widely applied platform in the history of wind energy. The two larger rotors to the Vestas 2 MW platform, deliver more stable energy production and a higher power output at lower wind speeds.

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SOLAR+STORAGE

Recurrent Energy Signs Agreement to Sell 150 MWac Virginia Solar Project to Appalachian Power

Canadian Solar | January 06, 2022

Canadian Solar Inc. announced its wholly-owned subsidiary, Recurrent Energy, LLC, has completed a purchase and sale agreement with Appalachian Power for Recurrent's Firefly Energy solar project located in Pittsylvania County, Virginia. With a capacity of 150 MWac, the Firefly project will be Appalachian Power's largest solar energy acquisition to date and will help the utility meet its clean energy requirements under the Virginia Clean Economy Act (VCEA). The Firefly Energy solar project will be developed and constructed by Recurrent under a Build Transfer Agreement (BTA). Once construction is completed, Appalachian Power, which serves customers in Virginia, West Virginia, and Tennessee, will be the long-term owner of the project. Pending local and state permits and other regulatory approvals, construction of the project is expected to start in early 2023 and reach commercial operation in 2024. Recurrent received approval on its Siting Agreement for the Firefly project last month from the Pittsylvania County Board of Supervisors. The agreement provides $2.25 million in upfront payments to Pittsylvania County in addition to long-term revenue for public services over the life of the project. "We appreciate Recurrent working with the County to strike a balance that allows solar development to happen in a way that minimizes visual impact and positively impacts our community," said County Administrator David Smitherman. The 150 MWac Firefly project in Virginia expands our growing footprint across the eastern United States, delivering turnkey projects for utilities and other investors. We are pleased to have been selected through a competitive process and to be a part of Appalachian Power's major solar energy expansion. We look forward to advancing this project through development and construction, and delivering a renewable solar energy project to Appalachian Power that will help them serve their Virginia customers." Dr. Shawn Qu, chairman and CEO of Canadian Solar Passed in 2020 by the Virginia General Assembly, the VCEA seeks to end carbon dioxide emissions from the utility industry in Virginia. Appalachian Power intends to meet its VCEA targets primarily through future investments in solar, wind, energy storage, and energy efficiency measures. "This will be our largest solar project yet in our journey to deliver clean, reliable power to our customers," said Chris Beam, Appalachian Power president and chief operating officer. "We are eager to work with Recurrent and for the significant economic benefits construction will have on the surrounding community." Appalachian Power has 1 million customers in Virginia, West Virginia and Tennessee (as AEP Appalachian Power). It is part of American Electric Power, which is focused on building a smarter energy infrastructure and delivering new technologies and custom energy solutions. AEP's approximately 16,800 employees operate and maintain the nation's largest electricity transmission system and more than 223,000 miles of distribution lines to efficiently deliver safe, reliable power to nearly 5.5 million customers in 11 states. AEP is also one of the nation's largest electricity producers with approximately 30,000 megawatts of diverse generating capacity, including 5,500 megawatts of renewable energy. About Canadian Solar Inc. Canadian Solar was founded in 2001 in Canada and is one of the world's largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 20 years, Canadian Solar has successfully delivered over 63 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built and connected over 6.2 GWp in over 20 countries across the world. Currently, the Company has around 430 MWp of solar projects in operation, nearly 7 GWp of projects under construction or in backlog (late-stage), and an additional 17 GWp of projects in pipeline (mid- to early- stage). Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. About Recurrent Energy (Canadian Solar Subsidiary) Recurrent Energy is a leading utility-scale solar and storage project developer, delivering competitive, clean electricity to large energy buyers. Based in the U.S., Recurrent Energy is a wholly owned subsidiary of Canadian Solar Inc. and functions as Canadian Solar's U.S. project development arm. Recurrent Energy has approximately 5 GW of solar and storage projects in development in the U.S.

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SOLAR+STORAGE

Vision Solar LLC Drives Towards Aggressive Expansion to West Coast Florida - Tampa

Vision Solar | August 25, 2021

Vision Solar, one of the fastest growing residential solar companies has opened another location reaching far into the west coast of Florida. Vision Solar is on track towards its growth projection to grow into a $200M+ company in revenues by EOY 2021, with yet another announcement of rapid expansion into the west coast of Florida, Tampa. Through the opening of a Tampa location, we will be able to provide an expansion of solar panel installation service areas beyond south FL. Home sales in Tampa are expected to rise by 8.7% while prices are expected to rise by 7.5% in 2021. With the increase in real estate sales comes new homeowners that are eager to add value to their homes, through the utilization of renewable energy. Solar panels not only reduce a home's monthly utility bills, but can also potentially increase the home's value by up to 4.1% more than comparable homes without solar panels. Florida's generous electricity buy-back rates, sales tax exemption, property tax exemption, and solar tax rebate combine to give an attractive solar payback period of 11 years on average, making solar a prudent investment. Vision Solar understands the importance of creating a cleaner environment through the use of renewables and providing homeowners the opportunity to lower their utility bills by 35% or more, depending on their state of residence. “As part of Vision Solar's commitment to adding 1,000+ green renewable jobs to their workforce, Tampa will become our third of five service locations in the sunshine state.” - Jonathan Seibert, CEO About Vision Solar Vision Solar is one of the fastest growing solar energy companies in the United States. Their full-service renewable energy company installs solar services for residential homes nationwide. Over the past three years, Vision Solar has grossed over $100 million in revenue, with significant increase in projected growth for 2021.

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Duke Energy reaches deal with renewable organizations to modernize rooftop solar policy in North Carolina

Duke Energy | December 02, 2021

Duke Energy has filed an agreement with the North Carolina Utilities Commission (NCUC) that will align solar adopter compensation to utility system benefits and create long-term stability for the residential solar industry in North Carolina. The net metering agreement was crafted by Duke Energy and the N.C. Sustainable Energy Association; the Southern Environmental Law Center on behalf of Vote Solar and the Southern Alliance for Clean Energy; Sunrun Inc. and the Solar Energy Industries Association. It must be approved by the NCUC. "Duke Energy is committed to finding collaborative paths forward to help with the clean-energy transition and carbon-reduction goals in the Carolinas," said Stephen De May, Duke Energy's North Carolina president. "This deal ensures fair and reasonable treatment for all customers whether they choose to install solar or not." Duke Energy has encouraged private solar ownership over the past three years with its $62 million solar rebate program, which is expected to continue into 2023. Currently, 24,000 North Carolina customers have private solar systems compared to 6,000 at the beginning of 2018. The agreement modernizes rooftop solar economics and unlocks benefits for all customers. Net metering has been a contentious issue around the nation, but our stakeholder partners worked together to craft a fair solution that brings financial sustainability to rooftop solar in North Carolina." Lon Huber, Duke Energy's Vice President of Strategic Solutions The agreement follows a similar net metering agreement in South Carolina from September 2020. The filing: Allows for new net metering tariffs to go into effect for customers submitting applications on or after Jan. 1, 2023. Will create innovative pricing and incentives for residential solar customers. Features rate design mechanisms to properly collect costs of the grid infrastructure needed to serve solar customers. Will include cutting-edge retail rates that vary based on the time of day and when the utility is experiencing peak demand. About Duke Energy Duke Energy, a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. Its electric utilities serve 7.9 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 51,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 27,500 people. Duke Energy is executing an aggressive clean energy strategy to create a smarter energy future for its customers and communities – with goals of at least a 50% carbon reduction by 2030 and net-zero carbon emissions by 2050. The company is a top U.S. renewable energy provider, on track to own or purchase 16,000 megawatts of renewable energy capacity by 2025. The company also is investing in major electric grid upgrades and expanded battery storage, and exploring zero-emitting power generation technologies such as hydrogen and advanced nuclear. Duke Energy was named to Fortune's 2021 "World's Most Admired Companies" list and Forbes' "America's Best Employers" list. More information is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues.

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