GUELPH, Ontario, Dec. 29, 2017 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that it has closed a GBP41.9 million (US$56 million) non-recourse project finance facility with BayernLB. This financing arrangement is Canadian Solar's third solar power portfolio financing in the United Kingdom (UK). The solar power portfolio, consisting of 10 operating solar power plants totaling 52.2 MWp, was accredited under the UK's Renewable Obligation Certificate (ROC) scheme at rates of 1.2 and 1.3 ROC, which provides for inflation-linked solar power generation revenues for a period of 20 years. ...
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Canadian Solar Signs Agreement with Axium Infinity Solar LP to Provide Operations and Maintenance Services for Eight PV Plants Totaling Over 105 MW
GUELPH, Ontario, Dec. 28, 2017 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that it has recently signed an Operation & Maintenance agreement with Axium Infinity Solar LP for eight solar PV plants totaling 105.5 MWp. The eight PV plants, located in Ontario, Canada are Brockville I, Brockville II, Burrits Rapids, Mississippi Mills, William Rutley, and New Liskeard I, III, and IV. Canadian Solar will be responsible for plant monitoring, performance management, preventative maintenance, and corrective maintenance at all eight facilities. Canadian Solar's Operation and Maintenance ...
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GUELPH, Ontario, Dec. 27, 2017 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that it has reached commercial operation on its 19.1MWp Gunma Aramaki solar power plant, located approximately 100km northwest of Tokyo, Japan. The Gunma Aramaki solar power plant is powered by 59,544 Canadian Solar's CS6X MaxPower solar panels. The plant is expected to generate approximately 23,830MWh of clean solar power per year, which will be purchased by Japan's largest energy utility, Tokyo Electric Power Company Holdings Inc. (TEPCO), under a 20 year feed-in-tariff contract at the rate of JPY36.0 (...
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GUELPH, Ontario, Dec. 21, 2017 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that it has been awarded a 112 MWp solar photovoltaic (PV) project in the state of Pernambuco, Brazi in the country's A-4 auction that was just held in December. Canadian Solar will develop and build the project. Construction is planned to start in 2020 and the project is expected to reach commercial operation before January 2021. The 112 MWp Salgueiro project has been awarded a 20-year Power Purchase Agreement at 145.44 BRL/MWh (approximately US$44/MWh) in the auction. Canadian Solar will supply more th...
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GUELPH, ON – December 13, 2017 – BIOREM Inc. (TSX-V: BRM) (“Biorem” or “the Company”) today announced several new orders totalling $7.0 million. The orders are for air emission abatement projects in China and North America. “Our focus for business […]
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Canadian Solar Inc. Announces Receipt of a Preliminary Non-Binding "Going Private" Proposal Letter from its Chairman President and Chief Executive Officer and Formation of an Independent Special Committee
GUELPH, Ontario, Dec. 11, 2017 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that its Board of Directors (the "Board") has received a preliminary, non-binding proposal letter (the "Proposal Letter"), dated December 9, 2017, from its Chairman, President and Chief Executive Officer, Dr. Shawn (Xiaohua) Qu ("Dr. Qu"), to acquire all of the outstanding common shares of the Company not already beneficially owned by Dr. Qu and his wife, Ms. Hanbing Zhang, (the "Chairman Parties") in a "going-private" transaction (the "Proposed Transaction") for cash consideration of US$18.47 per common share...
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Bay Area Rapid Transit Signs First-Ever Utility-Scale Solar PPA with Canadian Solar Subsidiary Recurrent Energy
GUELPH, Ontario, Dec. 7, 2017 /PRNewswire/ -- Recurrent Energy LLC ("Recurrent Energy"), a wholly-owned subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ), today announced it has signed a 20-year power purchase agreement ("PPA") for 45 megawatts ("MWac") of solar power with Bay Area Rapid Transit ("BART"), the fifth largest public transit network in the country and one of the largest consumers of electric power in Northern California. The BART Board of Directors approved the PPA on December 7, 2017. This contract, BART's first-ever PPA for utility-scale solar power, resulted from a renewable energy procurement process that BART launched in May 2017 as part of the organiz...
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GUELPH, Ontario, Dec. 5, 2017 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that it has been awarded a 17.87MWp project in Japan's inaugural solar energy auction. The project is located in Suzuhari City within Hiroshima prefecture and will be powered by over 48,000 high-efficiency Canadian Solar modules. Once constructed, the project will enter into a 20-year power purchase agreement with Chugoku Power Electric Company at a rate of JPY17.97 ($0.16) per kWh. The Company expects the project to reach commercial operation by 2021. "This project demonstrates our capability to identif...
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$11 Million Thermal Energy Project Expected to Reduce Pulp & Paper Company's Natural Gas Bill by 35%
OTTAWA, ONTARIO– December *, 2017 – Thermal Energy International Inc. (“Thermal Energy” or the “Company”) (TSX-V: TMG), a global provider of industrial and institutional energy efficiency solutions, has been engaged by an existing pulp and paper customer to design, develop and implement a major energy efficiency improvement and greenhouse gas reduction project. The project includes the installation of two of Thermal Energy’s proprietary FLU-ACE® Heat Recovery Systems and the conversion of the mill’s steam traps to Thermal Energy’s proprietary GEM™ Steam Trap system.
Once completed, the $11 million project is expected to provide the customer with annual natural gas savings of more than 35%, while reducing its annual greenhouse gas emissions by more than 20%, or approximately 43,000 metric tonnes.
“Pulp and paper is one of the most energy intensive sectors and our energy efficiency solutions represent a win-win scenario,” said William Crossland, CEO of Thermal Energy. “We have been working in partnership with this customer over the past year to develop a turn-key project that meets both their energy savings and greenhouse gas reduction goals. This resulted in our largest single order to date and a project that can serve as a blueprint for other large energy users around the world looking for an optimal solution for fighting climate change, by providing significant reductions in carbon emissions and energy use while, at the same time, delivering a high return on investment”
The estimated annual reduction in greenhouse gas emissions resulting from the project, once complete, is equivalent to:
This project represents Thermal Energy’s largest heat recovery and largest GEM orders to date and is expected to be substantially completed and revenue earned over the next 18 months.
About Thermal Energy International Inc.
Thermal Energy International Inc. is an established global supplier of proprietary, proven energy efficiency and emissions reduction solutions to the industrial and institutional sectors. We save our customers money and improve their bottom line by reducing their fuel use and cutting their carbon emissions. Our customers include a large number of Fortune 500 and other leading multinational companies across a wide range of industry sectors.
Thermal Energy is also a fully accredited professional engineering firm and by providing a unique mix of proprietary products together with process, energy and, environmental engineering expertise, Thermal Energy is able to deliver unique turnkey projects with significant financial and environmental benefits for our customers.
Thermal Energy International Inc. has offices in Ottawa, Canada as well as Bristol, U.K., United States, Germany, Italy and China. The Company’s common shares are traded on the TSX Venture Exchange (TSX-V) under the symbol TMG.
For more information, visit the Company's website at www.thermalenergy.com and follow them on Twitter at http://twitter.com/GoThermalEnergy.
President and CEO
Thermal Energy International Inc.
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This press release contains forward-looking statements relating to, and amongst other things, based on management’s expectations, estimates and projections, the anticipated effectiveness of the Company’s products and services and the timing of revenues to be received by the Company. Information as to the amount of heat recovered, energy savings and payback period associated with Thermal Energy International’s products are based on the Company’s own testing and average customer results to date. Statements relating to the expected installation and revenue recognition for projects, statements about the anticipated effectiveness and lifespan of the Company’s products, statements about the expected environmental effects and cost savings associated with the Company’s products and statements about the Company’s ability to cross-sell its products and sell to more sites are forward looking statements. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, some of which are outside of the Company’s control, could cause events and results to differ materially from those stated. Fulfilment of orders, installation of product and activation of product could all be delayed for a number of reasons, some of which are outside of the Company’s control, which would result in anticipated revenues from such projects being delayed or in the most serious cases eliminated. Actions taken by the Company’s customers and factors inherent in the customer’s facilities but not anticipated by the Company can have a negative impact on the expected effectiveness and lifespan of the Company’s products and on the expected environmental effects and cost savings expected from the Company’s products. Any customer’s willingness to purchase additional products from the Company is dependent on many factors, some of which are outside of the Company’s control, including but not limited to the customer’s perceived needs and the continuing financial viability of the customer. The Company disclaims any obligation to publicly update or revise any such statements except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
 United States Environmental Protection Agency’s Greenhouse Gas Equivalencies Calculator: www.epa.gov/energy/greenhouse-gas-equivalencies-calculator
 The Cost of Wind Energy in the US: www.awea.org/falling-wind-energy-costs
MILAN and GUELPH, Ontario, Dec. 4, 2017 /PRNewswire/ -- Recurrent Energy LLC ("Recurrent Energy"), a wholly owned subsidiary of Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ), and Falck Renewables S.p.A. ("Falck Renewables") (FKR.MI) today announced the closing of the sale of 99 percent of the partnership that owns the Class B membership interest in the 92 MWp/71 MWac IS-42 solar project. Falck Renewables indirectly acquired 99 percent of the interests through its wholly owned subsidiary Falck Renewables IS 42 LLC, for an all-cash outlay of approximately 43 million U.S. dollars. In April of this year, debt and tax equity financing for the project was secured from Prud...
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