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Canadian Solar Signs 12 MWp Private PPA with Centrica Energy Trading in Italy

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GUELPH, ON, July 14, 2021 /PRNewswire/ — Canadian Solar Inc. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ), today announced it has signed a 10-year power purchase agreement (PPA) with Centrica Energy Trading A/S (“Centrica Energy Trading”) for two solar power projects totaling 12 MWp in Italy. Centrica Energy Trading is a leading provider of energy management and optimization services, operating in power, gas and energy certificate markets across Europe.

The two solar projects of 6 MWp each are located in Trapani and Enna, Sicily. They are currently under development by Canadian Solar with construction planned to start before the end of 2021. Centrica Energy Trading will purchase the clean solar energy produced by the two solar power projects after they reach commercial operation in April 2022. Powered by Canadian Solar’s high efficiency modules, the solar plants will produce approximately 23 GWh electricity annually, enough to power close to 9,000 homes in Italy and equivalent to displacing 7,150 tons of annual carbon emissions.

Dr. Shawn Qu, Chairman and CEO of Canadian Solar commented, “I am proud to announce our second 12 MWp PPA in Italy in less than 2 months. The two solar projects signed with Centrica are part of a 1.3 GWp portfolio of subsidy-free solar assets we are developing in Italy, with various counterparties, as we execute on our portfolio management strategy and expand our presence in this market. We are proud to work on this opportunity with Centrica, one of the leading energy traders in Europe, and look forward to collaborating further.”

Ricardo Rossi, Head of Southern European Origination at Centrica Energy Marketing & Trading commented, “We are delighted to be part of the energy transition journey with Canadian Solar. We believe that through robust, economic PPA structures, we can make new renewable assets financially viable without the need of public subsidies.”

About Centrica Energy Trading

Centrica is a leading international energy services and solutions provider, founded on a 200-year heritage of serving people. We serve around 13 million customers across the UK, Ireland, North America and continental Europe through brands such as British Gas. We are focused on satisfying the changing needs of our customers, enabling them to transition to a lower carbon future

Energy Marketing and Trading is the trading and optimisation arm of Centrica plc. We are a leading provider of energy management and optimisation services to businesses, in addition to managing commodity risk and providing wholesale market access for the Centrica Group. We have 14GW of capacity under contract in Europe, more than 80% of which is renewable assets.

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 55 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the solar project development business in 2010, Canadian Solar has developed, built and connected over 5.7 GWp in over 20 countries across the world. Currently, the Company has around 500 MWp of projects in operation, nearly 6 GWp of projects under construction or in backlog (late-stage), and an additional 15 GWp of projects in pipeline (mid- to early- stage). Additionally, Canadian Solar has 1.2 GWh of battery storage projects under construction, and nearly 17 GWh of battery storage projects in backlog or pipeline. 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. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements

Certain statements in this press release, including but not limited to the use of proceeds, are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the “Safe Harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as “believes,” “expects,” “anticipates,” “intends,” “estimates,” the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; volatility, uncertainty, delays and disruptions related to the COVID-19 pandemic; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as Japan, the U.S., India, China and Brazil; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; delays in the process of qualifying to list the CSI Solar subsidiary in the PRC; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company’s SEC filings, including its annual report on Form 20-F filed on April 19, 2021. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

SOURCE Canadian Solar Inc.

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www.canadiansolar.com

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Source: https://www.prnewswire.com:443/news-releases/canadian-solar-signs-12-mwp-private-ppa-with-centrica-energy-trading-in-italy-301333207.html

Energy

Wie doet er mee aan de Race to Zero?

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Introductie van nieuwe tool om te helpen bedrijven te identificeren die zich actief inzetten voor het klimaat

LONDON, 25 september 2021 /PRNewswire/ — Race to Zero, de door de VN ondersteunde campagne die bedrijven, steden, investeerders en andere niet-gouvernementele actoren oproept om voor 2030 wereldwijde emissies te halveren, lanceerde vandaag een nieuwe tool om te zoeken naar leden in hun campagne. De tool is gericht op het prijzen van die entiteiten, die zich inzetten voor robuuste netto nul-emissiedoelstellingen.

De tool, die gratis ter beschikking wordt gesteld door Tableau, een mondiaal topanalyseplatform, plus Salesforce, wereldwijd toonaangevend in CRM, laat het naadloos filteren en zoeken toe van wie meedoet aan de Race to Zero.

Tijdens de opening van Climate Week NYC onderstreepte Al Gore eerder deze week het cruciale belang van transparantie – het gebrek daaraan bleek namelijk een belangrijke reden, waarom actie tot nu toe nog niet ambitieus genoeg was. De nieuwe visualisatietool van Race to Zero, die werd ontworpen met behulp van het Tableau-platform, somt alle entiteiten in de campagne op en draagt bij tot de samenstelling van een duidelijk beeld van die belanghebbenden, die zich actief inzetten voor robuuste netto nul-emissiedoelstellingen, waarmee ze een sterk signaal sturen aan hen die niet in de lijst staan, dat ze een tandje moeten bijsteken.

Elk lid van Race to Zero zet zich in voor hetzelfde overkoepelende doel: het snel en eerlijk verminderen van de uitstoot in alle toepassingsgebieden, in overeenstemming met het Akkoord van Parijs, met transparante actieplannen en robuuste doelstellingen op korte termijn. Samen vormen ze de brede alliantie van niet-gouvernementele actoren die zich inzetten om uiterlijk 2050 netto nul-emissies te bereiken. Race to Zero-leden voldoen allen aan de vereiste minimumcriteria voor deelname aan de campagne en worden gestimuleerd door hun partnerinitiatieven.

De Tableau-tool helpt ook bij de registratie van de vooruitgang per branche, waar specifieke kortetermijnknelpunten liggen voor meer dan 20 sectoren, die samen de wereldeconomie vormen, ook wel 2030 Breakthroughs genoemd. Samen brengen ze tot uitdrukking wat belangrijke spelers moeten doen en wanneer de sectorveranderingen die nodig zijn om uiterlijk in 2050 een volledig CO2-vrije toekomst te bereiken.

Bij de lancering van Climate Week NYC kondigde de UN High Level Climate Action Champions al aan, dat meer dan de helft van de belangrijkste sectoren van de wereldeconomie inmiddels breakthrough-ambities hadden bereikt. In elk van deze 15 sectoren, van schone energie tot farmaceutische producten en medische technologie tot beton en cement, heeft minimaal 20% van de grootste bedrijven in termen van omzet zich geschaard achter sectorspecifieke 2030-doelstellingen – in lijn met het leveren van netto nul-emissie in 2050 – waaronder doelstellingen zoals 60% hernieuwbare energieopwekking in de energiesector en 5% emissieloze brandstof in de scheepvaartsector.

Chris Lindsay, vicepresident EMEA Marketing bij Tableau zegt daarover, “Nu kan iedereen eenvoudig zoeken in de Race to Zero-database en erachter komen wie zich wel en – minstens zo belangrijk – wie zich niet inzet voor onmiddellijke klimaatactie. Wij zijn er trots op samen te werken met Race To Zero aan dit transformerende initiatief.”

Nigel Topping, UN High Level Climate Action Champion, zegt: “Transparentie is vooral belangrijk om precies te weten waar we staan en hoe ver we nog te gaan hebben. We zijn dankbaar voor de steun van Tableau en Salesforce om ons te helpen, al onze Race to Zero-leden onder de aandacht te brengen en om de stelselmatige verandering die gaande is in alle sectoren van de wereldeconomie door te voeren. Voor zover u nog niet op de lijst staat, dan is het nu het moment om mee te doen met de Race to Zero en bij te dragen aan de 2030 Breakthroughs.”

Gonzalo Munoz, Chile COP25 High Level Climate Champion, zegt daarover: “Ik wil graag Tableau en Salesforce hartelijk bedanken voor hun hulp bij het helder in beeld brengen van wie meedoet aan de Race to Zero, en dus ook impliciet, wie niet. Deze radicale transparantie is van cruciaal belang als we allemaal samen naar een halvering van de uitstoot tegen 2030 willen racen en ik kijk ernaar uit, dat de lijst van Race to Zero-leden blijft groeien en dat de voorgang naar de 2030 Breakthroughs blijft versnellen. We hebben geen tijd te verliezen.”

Over Race to Zero

Race to Zero is de door de VN ondersteunde, wereldwijde campagne die niet-gouvernementele actoren, zoals bedrijven, steden, regio’s en financiële, onderwijs- en gezondheidsinstellingen, ertoe aanzet grondig en ogenblikkelijk actie te ondernemen om tegen 2030 de wereldwijde uitstoot te halveren en tijdig een gezondere en eerlijkere, koolstofvrije wereld te bereiken.

Alle leden zetten zich in voor hetzelfde overkoepelende doel: het snel en eerlijk verminderen van de uitstoot in alle toepassingsgebieden, in overeenstemming met het Akkoord van Parijs, met transparante actieplannen en robuuste doelstellingen op korte termijn.

Onder leiding van de High-Level Climate Champions for Climate Action – Nigel Topping en Gonzalo Muñoz – mobiliseert Race To Zero spelers buiten nationale overheden om mee te doen met de Climate Ambition Alliance, die werd gelanceerd op de UNSG Climate Action Summit 2019 door de President van Chili, Sebastián Piñera.

Over de 2030 Breakthroughs

De 2030 Breakthroughs geven aan wat de belangrijkste spelers moeten doen en tegen wanneer, om de systeemverandering te bewerkstelligen die we nodig hebben om een sterke koolstofvrije wereld te bereiken in de meer dan 30 sectoren van de reële economie.

De 2030 Breakthroughs zijn afgeleid van de Climate Action Pathways – een serie uitgebreide sectorale roadmaps om het Akkoord van Parijs te bereiken in overeenstemming met 1,5 °C, ontwikkeld door de UN High Level Climate Champions en het Marrakech Partnership.

Zie ook: Samen onze systemen actualiseren 

SOURCE Race to Zero

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Source: https://www.prnewswire.com:443/news-releases/wie-doet-er-mee-aan-de-race-to-zero–889034506.html

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Automotive

Why MPG should matter for electric vehicles

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If saving the environment is merely a lifestyle choice, the automakers and their latest electric vehicles have got us covered. Tesla’s Plaid touts performance. Leafs, Priuses and Volts preach humility. And Ford is flexing its muscle with launches of electric Mustangs and F-150s.

But if consumers’ choices are going to contribute to a greener future — if they’re going to opt for energy efficiency over flash — they need the ability to make smart purchasing decisions. To enable that, an old-fashioned measuring stick from the gasoline era could come in handy: the concept of miles per gallon.

In the electric vehicle (EV) era, car shopping is no longer a simple matter of finding a high-MPG car and a cheap gallon of gas. Electricity costs are confusing. Price and efficiency information is hard to find and harder to understand. And ultimately, you have to do the math.

That means getting to know electric energy’s unit of choice: the kilowatt-hour, or kWh — a string of characters better suited to an engineering textbook. To determine their costs and carbon footprints, drivers must solve the brain teasers that turn kWh into dollars and miles.

If you don’t do that, you’re trusting the automakers to do the right thing for you and the environment.

The government can lead on this problem. In fact, it has, and it does. Gas pumps have long been required to list the price of a gallon, gallons pumped and total fill-up cost. A vehicle’s EPA-mandated miles-per-gallon rating — displayed on dashboards and on every new car’s MPG sticker — ties it all together.

So maybe we already have a common denominator for the EV age. A familiar, tangible energy unit that gives us an apples-to-apples way to think about cost, efficiency and pollution.

Fellow Americans, say hello — again — to the gallon. Even as we leave the gas-powered car behind, we can keep its energy unit. It’s tangible, and if it works for the energy contained in gas, we can make it work for electricity.

According to the Environmental Protection Agency, a gallon of unleaded gas contains about 34 kWh of energy. Knowing that, you can easily deduce how much your energy purchase costs and how far it can take you. The gallon can even help you better understand your other electricity usage, putting your home energy costs on an apples-to-apples basis with your automobile’s energy costs.

When I gallon-ized my energy bills for the month of August, I learned:

  • My house used 56 gallons (1,888 kWh) worth of electricity.
  • My average home electricity cost was $6.34 per gallon.
  • At a Tesla supercharger, I paid $8.43 per gallon (25 cents per kWh).

The government already publishes an MPG equivalent for electric and hybrid vehicles. Using MPG, it becomes clear that electric vehicles make up for a lot of that high cost-per-gallon in efficiency, often with ratings over 100 MPG.

MPG is already good for more than car shopping. New York City’s MPG mandates have doubled taxis’ fuel efficiency since 2009. (The city also reserves a portion of taxi licenses — medallions — for hybrids.) Uber and Lyft have announced green initiatives, but their lightly regulated status has let them avoid MPG standards.

Smart energy shopping alone will not solve climate change. Energy watchdogs also need to monitor the industry’s carbon impact from both electricity generation and EV-related hardware manufacturing.

All else equal, though, using less energy means less pollution. And common units can steer us toward smart choices that encompass far more than our cars. Should I buy batteries so I can stock up on electricity when it’s cheapest? Do solar panels make sense? What about better insulation or more efficient appliances?

A high-MPG vehicle and a home that also goes a long way on a gallon? Together, that would be a solid lifestyle choice.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://techcrunch.com/2021/09/25/why-mpg-should-matter-for-electric-vehicles/

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Automotive

Why MPG should matter for electric vehicles

Published

on

If saving the environment is merely a lifestyle choice, the automakers and their latest electric vehicles have got us covered. Tesla’s Plaid touts performance. Leafs, Priuses and Volts preach humility. And Ford is flexing its muscle with launches of electric Mustangs and F-150s.

But if consumers’ choices are going to contribute to a greener future — if they’re going to opt for energy efficiency over flash — they need the ability to make smart purchasing decisions. To enable that, an old-fashioned measuring stick from the gasoline era could come in handy: the concept of miles per gallon.

In the electric vehicle (EV) era, car shopping is no longer a simple matter of finding a high-MPG car and a cheap gallon of gas. Electricity costs are confusing. Price and efficiency information is hard to find and harder to understand. And ultimately, you have to do the math.

That means getting to know electric energy’s unit of choice: the kilowatt-hour, or kWh — a string of characters better suited to an engineering textbook. To determine their costs and carbon footprints, drivers must solve the brain teasers that turn kWh into dollars and miles.

If you don’t do that, you’re trusting the automakers to do the right thing for you and the environment.

The government can lead on this problem. In fact, it has, and it does. Gas pumps have long been required to list the price of a gallon, gallons pumped and total fill-up cost. A vehicle’s EPA-mandated miles-per-gallon rating — displayed on dashboards and on every new car’s MPG sticker — ties it all together.

So maybe we already have a common denominator for the EV age. A familiar, tangible energy unit that gives us an apples-to-apples way to think about cost, efficiency and pollution.

Fellow Americans, say hello — again — to the gallon. Even as we leave the gas-powered car behind, we can keep its energy unit. It’s tangible, and if it works for the energy contained in gas, we can make it work for electricity.

According to the Environmental Protection Agency, a gallon of unleaded gas contains about 34 kWh of energy. Knowing that, you can easily deduce how much your energy purchase costs and how far it can take you. The gallon can even help you better understand your other electricity usage, putting your home energy costs on an apples-to-apples basis with your automobile’s energy costs.

When I gallon-ized my energy bills for the month of August, I learned:

  • My house used 56 gallons (1,888 kWh) worth of electricity.
  • My average home electricity cost was $6.34 per gallon.
  • At a Tesla supercharger, I paid $8.43 per gallon (25 cents per kWh).

The government already publishes an MPG equivalent for electric and hybrid vehicles. Using MPG, it becomes clear that electric vehicles make up for a lot of that high cost-per-gallon in efficiency, often with ratings over 100 MPG.

MPG is already good for more than car shopping. New York City’s MPG mandates have doubled taxis’ fuel efficiency since 2009. (The city also reserves a portion of taxi licenses — medallions — for hybrids.) Uber and Lyft have announced green initiatives, but their lightly regulated status has let them avoid MPG standards.

Smart energy shopping alone will not solve climate change. Energy watchdogs also need to monitor the industry’s carbon impact from both electricity generation and EV-related hardware manufacturing.

All else equal, though, using less energy means less pollution. And common units can steer us toward smart choices that encompass far more than our cars. Should I buy batteries so I can stock up on electricity when it’s cheapest? Do solar panels make sense? What about better insulation or more efficient appliances?

A high-MPG vehicle and a home that also goes a long way on a gallon? Together, that would be a solid lifestyle choice.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://techcrunch.com/2021/09/25/why-mpg-should-matter-for-electric-vehicles/

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Energy

$ 3.45 Bn growth opportunity in Global HSS Metal Cutting Tools Market 2021-2025 | Technavio forecasts 3.98% YOY growth in 2021

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Market Dynamics
Factors such as the growing market for fabricated metal products and the demand for superior quality products and CNC machines will drive the growth of the HSS Metal Cutting Tools Market during 2021-2025. However, capital intensive nature of the market might hamper growth.

The growth in the automotive industry will have a positive impact on the growth of vendors. On the other hand, the slowdown in the Chinese economy is expected to reduce the growth potential in the market.

Company Profiles
The HSS metal cutting tools market report includes information on the product launches, sustainability, and prospects of leading vendors including ERASTEEL, Kennametal Inc., LMT Onsrud LP, Morse Cutting Tools, NACHI FUJIKOSHI Corp., OSG USA Inc., Sandvik AB, Stanley Black and Decker Inc., and Sumitomo Electric Industries Ltd.

Competitive Analysis
The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. Some of the factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Market Segmentation

  • By Product, the HSS metal cutting tools market is classified into milling, drilling, tapping, and others. The market growth in the milling segment will be significant during the forecast period.
  • By Geography, the market is classified as APAC, North America, Europe, South America, and MEA. APAC will have the largest share of the market.

Related reports on Industrials include:
Global Laser Cutting Machine Market – Global laser cutting machine market is segmented by product (fiber, solid-state, diode, and others), end-user (automotive, aerospace and defense, electrical and electronics, industrial machinery, and others), and geography (APAC, Europe, North America, South America, and MEA).
Download Exclusive Free Sample Report

Global CNC Vertical Machining Centers Market – Global CNC vertical machining centers market is segmented by product (less than 5-axis and 5-axis or more), end-user (automotive, aerospace, metal fabrication, and others), and geography (APAC, Europe, North America, South America, and MEA).
Download Exclusive Free Sample Report

Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Milling – Market size and forecast 2020-2025
  • Drilling – Market size and forecast 2020-2025
  • Tapping – Market size and forecast 2020-2025
  • Others – Market size and forecast 2020-2025
  • Market opportunity by Product

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2020-2025
  • North America – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ERASTEEL
  • Kennametal Inc.
  • LMT Onsrud LP
  • Morse Cutting Tools
  • NACHI FUJIKOSHI Corp.
  • OSG USA Inc.
  • Sandvik AB
  • Stanley Black and Decker Inc.
  • Sumitomo Electric Industries Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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Source: https://www.prnewswire.com:443/news-releases/-3-45-bn-growth-opportunity-in-global-hss-metal-cutting-tools-market-2021-2025–technavio-forecasts-3-98-yoy-growth-in-2021–301383701.html

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