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Release by Scatec signs flexible lease agreement with Torex Gold for 8.5 MW solar plant

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22 April 2021: Scatec has entered into a lease agreement with mining company Torex Gold for a 8.5 MW solar plant to provide renewable power to the Morelos Media Luna and El Limon Guajes projects in the Guerrero Gold belt 180 km southwest of Mexico City.

“We are very pleased to have entered into this agreement with Torex Gold. The agreement is a landmark deal for “Release by Scatec”, our flexible solution for pre-assembled and containerised solar PV delivering a low cost, clean, and reliable power solution”, says Hans Olav Kvalvaag, SVP Release at Scatec.

The initial contract term is ten years with the possibility of extension and options for buy-out starting after the expiry of year 3. The solar plant can at any time be expanded, including adding battery storage to further increase the use of renewable energy. It can also be moved to a new location if needed. The new solar plant is estimated to be completed in fourth quarter 2021 subject to permitting approvals. 

“The agreement is an important milestone for us in delivering reliable and renewable power to the mining industry. We have had a good cooperation with Torex in designing the solution to adapt to challenging topography. The Release model is designed to provide flexibility both with regards to contract term and capacity, and thus has great potential in mining”, Kvalvaag continues.

The new plant is expected to reduce Torex’ Scope 2 greenhouse emissions by up to 8.6% using 2019 as the baseline year and is Torex’ first major foray into renewable energy at its operations.

“As is often the case with innovative and sustainable solutions, in addition to the environmental benefits the solar plant will provide, there will also be economic upside and benefits to the local communities. Factoring in the installed cost of the plant together with the ongoing lease fee, we expect to save approximately USD 1 million per year in energy costs over a 20-year lease period, with full payback of the solar plant realised within approximately 7 years”, says Jody Kuzenko, President & CEO of Torex.

About SCATEC ASA
Scatec is a leading renewable power producer, delivering affordable and clean energy worldwide. As a long- term player, Scatec develops, builds, owns and operates solar, wind and hydro power plants and storage solutions. In the first half of 2021, Scatec will have a total of 3.3 GW in operation on four continents and more than 500 employees. The company is targeting 15 GW capacity in operation or under construction by the end of 2025. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol ‘SCATC’. To learn more about Release by Scatec, visit www.releasesolar.com.

About Torex GOLD RESOURCES INC.
Torex is an intermediate gold producer based in Canada, engaged in the exploration, development, and operation of its 100% owned Morelos Gold Property, an area of 29,000 hectares in the highly prospective Guerrero Gold Belt located 180 kilometers southwest of Mexico City.  The Company’s principal assets are the El Limón Guajes mining complex (“ELG” or the “ELG Mine Complex”) comprising the El Limón, Guajes and El Limón Sur open pits, the El Limón Guajes underground mine including zones referred to as Sub-Sill and El Limón Deep (“ELD”), and the processing plant and related infrastructure, which commenced commercial production as of April 1, 2016, and the Media Luna deposit, which is an advanced stage development project, and for which the Company issued an updated preliminary economic assessment in September 2018.  The property remains 75% unexplored.

For further information, please contact:
Ingrid Aarsnes, VP Communication & IR
Tel: +47 950 38 364, Ingrid.aarsnes@scatec.com

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Source: http://www.globenewswire.com/news-release/2021/04/22/2214834/0/en/Release-by-Scatec-signs-flexible-lease-agreement-with-Torex-Gold-for-8-5-MW-solar-plant.html

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McPhy annonce l’initiation de la couverture de son titre par ODDO-BHF

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La Motte-Fanjas, le 07 mai 2021 – 8h00 – McPhy (Euronext Paris Compartiment C : MCPHY, FR0011742329) spécialiste des équipements de production et distribution d’hydrogène zéro-carbone (électrolyseurs et stations de recharge), a le plaisir d’annoncer l’initiation de la couverture de son titre par ODDO-BHF avec une étude intitulée « Vers une dimension industrielle dans l’hydrogène vert ».

Afin d’élargir sa couverture des valeurs de croissance dédiées à la transition énergétique, ODDO-BHF a décidé d’initier le suivi du titre McPhy.

Le titre McPhy est par ailleurs suivi par les sociétés de bourse suivantes :

  • Barclays ;
  • Berenberg ;
  • Bryan Garnier ;
  • Gilbert Dupont / Groupe Société Générale ;
  • Kepler Cheuvreux ;
  • Panmure Gordon ; et
  • Portzamparc / Groupe BNP Paribas.

Prochains rendez-vous de communication financière                                                          

  • Assemblée Générale annuelle, le 17 juin 2021
  • Publication des Résultats du 1er semestre 2021, le 27 juillet 2021, après clôture des marchés

A propos de McPhy

Spécialiste des équipements de production et distribution d’hydrogène, McPhy contribue au déploiement mondial de l’hydrogène zéro-carbone comme solution pour la transition énergétique. Fort de sa gamme complète dédiée aux secteurs de l’industrie, la mobilité et l’énergie, McPhy offre à ses clients des solutions clés en main adaptées à leurs applications d’approvisionnement en matière première industrielle, de recharge de véhicules électriques à pile à combustible ou encore de stockage et valorisation des surplus d’électricité d’origine renouvelable. Concepteur, fabricant et intégrateur d’équipements hydrogène depuis 2008, McPhy dispose de trois centres de développement, ingénierie et production en Europe (France, Italie, Allemagne). Ses filiales à l’international assurent une large couverture commerciale à ses solutions hydrogène innovantes. McPhy est coté sur Euronext Paris (compartiment C, code ISIN : FR0011742329, code mnémonique : MCPHY).

CONTACTS

NewCap  
 

Relations investisseurs

Emmanuel Huynh
T. +33 (0)1 44 71 94 99
mcphy@newcap.eu

 

Relations presse

Nicolas Merigeau
T. +33 (0)1 44 71 94 98
mcphy@newcap.eu   

                                   

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Source: https://www.globenewswire.com/news-release/2021/05/07/2225231/0/fr/McPhy-annonce-l-initiation-de-la-couverture-de-son-titre-par-ODDO-BHF.html

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McPhy announces the initiation of coverage of its stock by ODDO-BHF

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La Motte-Fanjas, May 7, 2021 – 8:00 am CEST McPhy (Euronext Paris, C Compartment: MCPHY, FR0011742329), a specialist in zero-carbon hydrogen production and distribution equipment (electrolyzers and recharging stations), is pleased to announce the initiation of coverage of its stock by ODDO-BHF with a study entitled “On track for industrial scale in green hydrogen”.

In order to broaden its coverage of growth stocks dedicated to the energy transition, ODDO-BHF has decided to initiate the coverage of the McPhy stock.

The McPhy stock is also covered by the brokerage firms:

  • Barclays;
  • Berenberg;
  • Bryan Garnier;
  • Gilbert Dupont / Groupe Société Générale;
  • Kepler Cheuvreux;
  • Panmure Gordon; and
  • Portzamparc / Groupe BNP Paribas.

Upcoming of financial communication events:

  • Annual General Meeting on June 17, 2021
  • Publication of half-yearly results on July 27, 2021 after market close

About McPhy

Specialized in hydrogen production and distribution equipment, McPhy is contributing to the global deployment of zero-carbon hydrogen as a solution for energy transition. With its complete range of products dedicated to the industrial, mobility and energy sectors, McPhy offers its customers turnkey solutions adapted to their applications in industrial raw material supply, recharging of fuel cell electric vehicles or storage and recovery of electricity surplus based on renewable sources. As designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production centers in Europe (France, Italy, Germany). Its international subsidiaries provide broad commercial coverage for its innovative hydrogen solutions. McPhy is listed on Euronext Paris (compartment C, ISIN code: FR0011742329, MCPHY).

To learn more: www.mcphy.com

McPhy is eligible PEA-PME

CONTACTS

NewCap  
 

Investor Relations

Emmanuel Huynh
T. +33 (0)1 44 71 94 99
mcphy@newcap.eu

 

Media Relations

Nicolas Merigeau
T. +33 (0)1 44 71 94 98
mcphy@newcap.eu   

                                    

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Source: https://www.globenewswire.com/news-release/2021/05/07/2225231/0/en/McPhy-announces-the-initiation-of-coverage-of-its-stock-by-ODDO-BHF.html

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Photo Release — USS John C. Stennis (CVN 74) Arrives at Huntington Ingalls Industries’ Newport News Shipbuilding Division to Start its Refueling and Complex Overhaul

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NEWPORT NEWS, Va., May 06, 2021 (GLOBE NEWSWIRE) — Aircraft carrier USS John C. Stennis (CVN 74) arrived at Huntington Ingalls Industries’ (NYSE:HII) Newport News Shipbuilding division today to start its refueling and complex overhaul (RCOH) after years of advance planning.

“For the last three years, we have planned each step of the aircraft carrier USS John C. Stennis’ (CVN 74) RCOH, including procuring long lead-time materials, conducting shipboard inspections and readying our facilities for this extensive engineering and construction project,” said Todd West, Newport News’ vice president, in-service aircraft carrier programs.

“We look forward to continuing our work with the ship’s crew and our 579 vendors across 36 states that provide material and services which brings stability of this industrial base and is critical to our ability to continue to build and maintain the Navy fleet our Navy and nation needs,” West added.

A photo accompanying this release is available at: https://newsroom.huntingtoningalls.com/file/stennis-cvn-74-arrives-nns.

Stennis is the seventh Nimitz-class carrier to undergo this major mid-life availability, representing 35% of all maintenance and modernization completed during its 50-year service life. Over the next four years, Newport News will perform hull and freeboard blast and paint, repairs to its propellers, sea chests, shafts, and rudders and defueling and refueling of its power plant.

This effort, which will continue through late 2025, will produce a recapitalized carrier capable of supporting current and future warfare doctrine while continuing to operate as the centerpiece of the Navy fleet and national defense for another 25 years.

Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of professional services to partners in government and industry. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. HII’s Technical Solutions division supports national security missions around the globe with unmanned systems, defense and federal solutions, and nuclear and environmental services. Headquartered in Newport News, Virginia, HII employs more than 41,000 people operating both domestically and internationally. For more information, visit:

• HII on the web: www.huntingtoningalls.com
• HII on Facebook: www.facebook.com/HuntingtonIngallsIndustries
• HII on Twitter: www.twitter.com/hiindustries  
• HII on YouTube: www.youtube.com/huntingtoningalls
• HII on Instagram: www.instagram.com/huntingtoningalls

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Source: https://www.globenewswire.com/news-release/2021/05/06/2225161/14858/en/Photo-Release-USS-John-C-Stennis-CVN-74-Arrives-at-Huntington-Ingalls-Industries-Newport-News-Shipbuilding-Division-to-Start-its-Refueling-and-Complex-Overhaul.html

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Scatec ASA – Long term incentive programme

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Oslo, 6 May 2021: Today, a total of 219,566 share options were granted to leading employees.

Each share option gives the right to subscribe for and be allotted one share in Scatec ASA. The strike price of the options is set to NOK 244.28 per share, which is based on the volume weighted average share price over the ten last trading days preceding 6 May 2021. The options will lapse if not exercised by 1 January 2025. The option grant is divided into three tranches whereby 1/3 vests each year over three years, with the first tranche vesting 1 January 2022. The current grant is the second of three contemplated annual grants of share options in accordance with Scatec’s share-based incentive programme.

For further information, please contact:
Ingrid Aarsnes, VP Communication & IR, tel: +47 950 38 364, email: ir@scatec.com

About Scatec ASA:
Scatec is a leading renewable power producer, delivering affordable and clean energy worldwide. As a long- term player, Scatec develops, builds, owns and operates solar, wind and hydro power plants and storage solutions. Scatec has more than 3.5 GW in operation and under construction on four continents and more than 500 employees. The company is targeting 15 GW capacity in operation or under construction by the end of 2025. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol ‘SCATC’. To learn more, visit www.scatec.com, or connect with us on Linkedin.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

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Source: https://www.globenewswire.com/news-release/2021/05/06/2224892/0/en/Scatec-ASA-Long-term-incentive-programme.html

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