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BEIJING, Nov. 23, 2023 /PRNewswire/ -- JA Solar, a leading manufacturer of high-performance solar power products, recently achieved further validation of its sustainability efforts with the successful completion of Environmental Product Declaration (EPD) assessments for multiple product lines through the authoritative French institution Kapstan, resulting in registration on the EPD systems of Norway and Italy. This accomplishment demonstrates that JA Solar's ongoing work in eco-friendly design, carbon footprint reduction, and sustainable manufacturing practices continues to gain important third-party verification and enhance the company's influence and competitiveness in the high-end photovoltaic (PV) market. JA Solar’s n-type Products Pass EPD Assessment in Norway and Italy As a type III environmental declaration based on the ISO14025 standard, EPD is based on Life Cycle Assessment (LCA), and discloses the environmental impact of a product or service on aspects including non-renewable resources, ecosystems, and human health throughout its lifecycle from raw material acquisition, production, transportation, consumption, and final disposal. In this context, EPD is considered the most powerful support tool for government green procurement and product ecological design. The EPD assessment obtained by enterprise products is universal across most European countries. The p-type series products and the whole n-type DeepBlue 4.0 Pro products under JA Solar have successfully passed the EPD assessment in Norway and Italy this time. In particular, these products are highly recognized with their low GWP (Global Warming Potential). This indicates that all mainstream PV products of JA Solar have been further recognized in the international high-end market, and shows the progressiveness and eco-friendliness of JA Solar's products in the n-type era. JA Solar has always committed itself to green production, green operations, and green products, and spares no efforts to building a green and low-carbon industrial chain. In 2022, JA Solar further proposed the sustainable development concept of "Green to Green, Green to Grow, Green to Great".
GUELPH, ON, Nov. 22, 2023 /PRNewswire/ -- Recurrent Energy, a global developer and owner of solar and energy storage assets, announced today that it has fully received 490 million Brazilian reais (approximately US$100 million) of non-recourse project financing for its 300 MW Ciranda Solar Power Cluster (Ciranda Cluster) in Brazil. Completed in August 2023, Ciranda Cluster was developed by Recurrent Energy, who is now the long-term owner and operator of Ciranda Cluster. Ciranda Phase I issued a BRL 285 million bond in a private placement with investment funds managed by Vinci Partners (NASDAQ: VINP), a leading alternative investment platform in Brazil, while Ciranda Phase II secured a BRL 205 million facility with Banco Nacional de Desenvolvimento Econômico e Social (BNDES), a Brazil-based state-owned development bank. Both financings are inflation-indexed to the National Consumer Price Index (IPCA), aligning cost of debt with the inflation-indexed operating cash flows of the projects. Ismael Guerrero, CEO of Recurrent Energy, said, "We are pleased to extend our long-standing partnership with BNDES and reinforce our presence in the Brazilian capital markets. Brazil has established itself as the largest renewable energy market in Latin America, and BNDES's and Vinci's participation in the funding of our solar portfolio represent a vote of confidence in the leadership position we have established in Brazil's renewable energy sector." Ciranda Cluster is fully operating and powered by Canadian Solar's high efficiency BiHiKu modules. Both Ciranda Phase I and Ciranda Phase II projects won in a private auction held by COPEL Energia, one of the top 10 energy trading companies in Brazil, with a 15-year, inflation-adjusted PPA. About Recurrent Energy Recurrent Energy is one of the world's largest and most geographically diversified utility-scale solar and energy storage project development, ownership and operations platforms. With an industry-leading team of in-house energy experts, Recurrent Energy is a wholly-owned subsidiary of Canadian Solar Inc. and functions as Canadian Solar's global development and power services business. Additional details are available at www.recurrentenergy.com. About Canadian Solar 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 22 years, Canadian Solar has successfully delivered over 110 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 around 9.3 GWp of solar power projects and over 3 GWh of battery storage projects across the world. Currently, the Company has around 850 MWp of solar power projects in operation, 7.8 GWp of projects under construction or in backlog (late-stage), and an additional 18.7 GWp of projects in advanced and early-stage pipeline. In addition, the Company has a total battery storage project development pipeline of approximately 55 GWh, including approximately 5 GWh under construction or in backlog, and an additional 50 GWh at advanced and early-stage development. 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 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, regulatory and economic conditions and the state of the solar and battery storage market and industry; geopolitical tensions and conflicts, including impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions related to the COVID-19 pandemic; supply chain disruptions; 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., China, Brazil and Europe; changes in effective tax rates; changes in customer order patterns; changes in product mix; changes in corporate responsibility, especially environmental, social and governance ("ESG") requirements; capacity utilization; level of competition; pricing pressure and declines in or failure to timely adjust 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; continued success in technological innovations and delivery of products with the features that customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange and inflation rate fluctuations; uncertainties related to the CSI Solar carve-out listing; litigation and other risks as described in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 18, 2023. 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. Canadian Solar Inc. Investor Relations ContactsIsabel ZhangInvestor RelationsCanadian Solar Inc.investor@canadiansolar.com David PasqualeGlobal IR PartnersTel: +1-914-337-8801csiq@globalirpartners.com Recurrent Energy Media Inquiries Ally CoppleInnovant Public Relations713-201-8800Ally@InnovantPR.com
HEFEI, China, Nov. 22, 2023 /PRNewswire/ -- In large-scale utility PV applications, Sungrow's 1+X Modular Inverter can assist with its intelligent branch diagnosis function, particularly beneficial when a system solution does not contain a combiner box or if the combiner box lacks communication capabilities. This innovative solution accurately identifies faulty branches within the inverter, providing real-time alerts for timely Operation and Maintenance (O&M). This proactive monitoring minimizes power plant losses and maximizes the customer's profitability. Sungrow 1+X Modular Inverter By collecting current and voltage parameters from each branch of the DC inputs, the 1+X Modular Inverter uses AI algorithms to analyze the operational status of each branch. In the event of a fault, it promptly signals the monitoring system, notifying the O&M staff to take necessary measures. Key Advantages: More Accurate Diagnosis: The 1+X Modular Inverter leverages a vast database compiled from real-world data across various industries and time periods. This, coupled with factors such as inverter output power, ensures highly accurate diagnostic results. More Diagnostic Types: The 1+X Modular Inverter can diagnose the combiner box offline, and the PV string offline, offering a comprehensive diagnostic solution for enhanced system reliability. Sungrow's commitment to technological innovation is evident in the 1+X Modular Inverter, providing users with a sophisticated tool to optimize performance, reduce downtime, and ultimately elevate the returns on investment for stakeholders of utility-scale PV installations. Sungrow stated in its semi-annual report that the Company has contracted a total of 16 GW of orders for its 1+X Modular Inverter globally, which is a testament to its success and credibility. About Sungrow Sungrow Power Supply Co., Ltd. ("Sungrow") is the world's most bankable inverter brand with over 405 GW installed worldwide as of June 2023. Founded in 1997 by University Professor Cao Renxian, Sungrow is a leader in the research and development of solar inverters with the largest dedicated R&D team in the industry and a broad product portfolio offering PV inverter solutions and energy storage systems for utility-scale, commercial & industrial, and residential applications, as well as internationally recognized floating PV plant solutions, NEV driving solutions, EV charging solutions and renewable hydrogen production systems. With a strong 26-year track record in the PV space, Sungrow products power over 150 countries worldwide. For more information about Sungrow, visit www.sungrowpower.com.
STAMFORD, Conn., Nov. 22, 2023 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced its unaudited financial results for the third quarter ended September 30, 2023. Emeren's third quarter 2023 financial results and management commentary can be found by accessing the Company's shareholder letter on the quarterly results page of the Investor Relations section of Emeren Group Ltd's website at https://ir.emeren.com/. Emeren Group Ltd will host a conference call today to discuss the results. Conference Call Details We will host a conference call today to discuss our third quarter 2023 business and financial results. The call is scheduled to begin at 5:00 p.m. U.S. Eastern Time on Tuesday, Nov 21, 2023. Please register in advance to join the conference call using the link provided below and dial in 10 minutes before the call is scheduled to begin. Conference call access information will be provided upon registration. Participant Online Registration: https://register.vevent.com/register/BI6944c83bc2164d9997e83efdf0f3e6ae Audio-only Webcast:https://edge.media-server.com/mmc/p/tm2gvazf Additionally, an archived webcast of the conference call will be available on the Investor Relations section of Emeren Group Ltd's website at https://ir.emeren.com/. About Emeren Group LtdEmeren Group Ltd (NYSE: SOL) is a leading global solar project developer, owner, and operator with a pipeline of projects and IPP assets totaling over 3 GW, as well as a storage pipeline of over 10 GWh across Europe, North America, and Asia. The Company focuses on solar power project development, construction management and project financing services with local professional teams across multiple countries. For more information, go to www.emeren.com.
Reducing Power and Cost Consumption by Up To 50% Brea, Calif., Nov. 22, 2023 /PRNewswire/ -- ViewSonic Corp., a leading global provider of visual solutions, is recognized as the No.1 brand in the Digital Light Processing (DLP) projectors worldwide and a pioneer in adopting lamp-free light sources such as LED and laser in the B2B sector. Committed to sustainability, the company has been dedicated to developing Luminous Superior series lamp-free projectors, providing high brightness with more benefits than traditional lamps, such as better energy efficiency, extended lifespan, and eco-friendliness, making lamp-free projectors an accessible solution for businesses looking to enhance their sustainability efforts and meet Environmental, Social, and Governance (ESG) requirements. ViewSonic's LS Series, the lamp-free projectors, are designed to align with our commitment to fostering a sustainable future. "ESG has become an increasingly critical issue, necessitating the involvement of governments, enterprises, and all individuals. ViewSonic also takes it seriously by following our commitment - foster a sustainable future - throughout strategic operations and product development," said Dean Tsai, General Manager of Projector & LED Display Business Unit at ViewSonic. "We have set a five-year goal to accelerate global progress towards a carbon-neutral society by proactively increasing the proportion of lamp-free products to 70% and reducing the production of lamp-based products to around 30%." Small Step, Big Impact: LS Series Paving the Way to a Greener Future The LS series aligns with the SDG12 (Sustainable Development Goals) "Ensure sustainable consumption and production patterns" from the United Nations – especially encouraging energy-efficient light source adoption. Powered by the latest laser and LED technology, the LS series offers a wide range of brightness levels, from 2,000 to 6,000 ANSI Lumens, resulting in bright images with reduced power consumption. These lamp-free projectors minimize their carbon footprint and mitigate the drawbacks associated with lamp-based projectors, such as toxic mercury, frequent bulb replacements, and high maintenance costs. Moreover, LED and laser light sources operate without the need for warm-up or cool-down periods. This enables lamp-free projectors to be instantly powered on and off, significantly enhancing operational efficiency. Additionally, ViewSonic's latest lamp-free projectors often feature a more compact and lightweight design, making them more flexible and easier to install. The benefits are demonstrated through one of ViewSonic's clients who transitioned from a 370W lamp projector, the PG800HD, to a 210W laser-based projector, the LS740HD, aiming for improved efficiency, cost savings, and reduced carbon dioxide (CO2) emissions. Rated at the same 5,000 ANSI Lumens as the PG800HD, the LS740HD consumes 40% less power over 20,000 hours of use, resulting in CO2 emissions savings equivalent to those produced by burning 171 gallons of gasoline. Furthermore, with the average electricity rate at $0.15 per kWh in the US, the company saves $480 on its electricity bill with each of these models. In line with sustainability practices, lamp-free projectors boast an extended lifespan that surpasses that of lamp-based projectors. To illustrate, a lamp-based projector would need an additional 11 light bulbs to match the 60,000-hour lifespan of a single LED light source. Businesses gain significant advantages from opting for lamp-free projectors—not only in fulfilling their ESG commitments but also in reducing the total cost of ownership due to the extended lifespan of the light source. Furthermore, general consumers won't be exposed to toxic mercury in light bulbs or face costly lamp replacements, thus simplifying maintenance. Join ViewSonic ESG Journey to Shape a More Sustainable Landscape TogetherIn addition to the LS series, ViewSonic has expanded carbon footprint measurements year by year, totaling 179 models this year. This expansion accelerates data collection efforts for integrating energy-saving and waste-reduction principles into product design. Furthermore, the company demonstrates unwavering commitment by requiring partners to achieve greenhouse gas verification and reduction certifications. By fostering the establishment of green supply chains, ViewSonic aims to progressively encourage ecosystem partners to join in working towards the 2050 net-zero goal. About ViewSonicFounded in California, ViewSonic is a recognized leader in the global visual solutions arena and conducts business in over 100 countries worldwide. Recognized as an innovator in the industry, ViewSonic is committed to providing a comprehensive range of hardware and software solutions. Includes monitors, projectors, pen displays, commercial displays, All-in-One LED displays, ViewBoard interactive displays, and the myViewBoard software ecosystem. With over 35 years of expertise in visual displays, ViewSonic has solidified its reputation for delivering innovative and reliable solutions across education, enterprise, consumer, and professional markets, helping customers "See the Difference." To find out more about ViewSonic, please visit our website at www.viewsonic.com.
TAIYUAN, China, Nov. 20, 2023 /PRNewswire/ -- 2023 is the year of the Belt and Road Initiative and the tenth year of the establishment of Jinergy. Up to now, it has provided efficient solar modules to more than 50 countries around the world, and with the help of the "Belt and Road" practice exchange platform, it actively goes abroad to contribute to promoting the development of carbon economy and bring green energy to countries along the route. Over the past ten years, China has established cooperative relations with 152 countries and 32 international organizations, Chinese goods flow to more than 300 ports. Jinergy with mature transportation solutions to help Jinergy to complete the commercial network layout of key markets overseas. Over these 10 years, China have endeavored to build a global network of connectivity consisting of economic corridors under the Belt and Road international cooperation, international transportation routes and information highway as well as railways, roads, airports, ports, pipelines and power grids. Jinergy's overseas business is still dominated by solar modules. What is relatively distinctive is that the company has begun to focus on differentiated market needs in recent years, developing customized products to meet multiple scenarios, such as light-weight module for high-end residential landscape projects, high pressure module for harsh areas, etc., and customized such as all-black and transparent backsheet module can also be carried out. These customized products have gained more recognition overseas, expanding Jinergy's business to more regions. Jinergy is a state-owned enterprise in China that has been an early adopter of the "going out" strategy. Currently, Jinergy has successfully established a strong cooperation network in numerous countries and regions globally, and has built a solid foundation of service experience and a positive customer reputation. Currently, Chinese photovoltaic enterprises are entering the 2.0 era of international expansion. Through proactive efforts in expanding overseas cooperation, Jinergy has obtained certifications from numerous countries and regions. With its outstanding service and reputation as a top supplier in various international markets, Jinergy has continuously improved its overall capabilities. Along the path of China's "Belt and Road" initiative, Jinergy is committed to promoting efficient, high-reliability, and low-carbon products to the global market, in order to drive green transformation.
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