Preview Newsletter
SFCE Media Scan for April 1, 2015
-
Shunfeng aims to double revenue on Beijing solar farms target
Apr 1, 2015 | South China Morning Post
By Eric Ng
Shunfeng International Clean Energy expects its revenue from solar panels and parts production and volume of solar farms installation to more than double this year as it taps opportunities from Beijing's target to increase this year's national solar farms installation by 66 per cent. -
meteocontrol Releases Germany Solar Eclipse Analysis
Apr 1, 2015 | Reuters
meteocontrol, a leading weather and solar power forecast analysis company, today released its solar eclipse data following the solar eclipse that took place on March 20th. -
SFCE Releases 2014 Financial Report with Record Profits and Strong Annual Figures
Apr 1, 2015 | Reuters
Shunfeng International Clean Energy Limited (SFCE), the world's leading low-carbon integrated energy solution provider, announced its financial results for the 2014 fiscal year ending December 31. SFCE saw a 275.6% increase in total revenue from RMB 1.5 billion ($241 million) in 2013 to RMB5.7 billion ($917 million) in 2014; a 741% increase in gross profit from RMB 151 million ($24 million) to RMB 1.3 billion ($209 million); and a net profit of RMB 1.3 billion ($209 million) compared to a RMB 1.8 billion ($289.5 million) loss in 2013.
SFCE News
meteocontrol Press Release
SFCE Press Release - Financial Report
-
Shunfeng aims to double revenue on Beijing solar farms target
Apr 1, 2015 | South China Morning Post
By Eric Ng
Shunfeng International Clean Energy expects its revenue from solar panels and parts production and volume of solar farms installation to more than double this year as it taps opportunities from Beijing's target to increase this year's national solar farms installation by 66 per cent.
The firm, which acquired the main mainland subsidiary of Suntech Power - once the world's largest solar panel maker - for three billion yuan last April, plans to produce 2 gigawatts of solar panels, and 2.5 GW of parts known as cells and wafers, vice-chairman Shi Jianmin said. "We expect our plants to reach full utilisation this year, up from 80 per cent last year," he said.
The National Energy Administration last month set an installation target of 17.8 GW for this year. This compares with 10.6 GW installed last year, which was below the original target of 14 GW - 8 GW roof-top and 6 GW ground-mounted projects - due to project approval delays and difficulties with the signing and enforcement of long-term power purchase agreements on roof-top projects.
Zhang said a quarter of the panels it produced this year will be used by its own solar farms. He expects the firm to book a more than 200 per cent rise in solar power output this year from last year. Shunfeng plans to build 1.5 GW of solar farms on the mainland and 0.5 GW in Europe and North America this year. It had 2 GW of installed projects at last year's end.
Shunfeng posted last Thursday a net profit of 1.3 billion yuan (HK$1.6 billion) for last year, against a loss of 1.82 billion yuan in 2013, thanks to the Suntech acquisition in last April. Excluding a 992 million yuan accounting fair value gain on a convertible bond, pre-tax profit was 461.7 million yuan last year. Finance cost amounted to 322 million yuan, as its debt to shareholders' equity ratio soared to 117 per cent after the Suntech acquisition.
Meanwhile, shares of solar farms installer China Singyes Solar Technologies saw its share price plunge 9.1 per cent after it posted an underlying pre-tax profit of 583.2 million yuan, a 6.9 per cent fall from last year. Financial controller Jimmy Yu told the South China Morning Post that the firm aims to complete 600 MW of projects this year, up from 240 MW last year.
http://www.scmp.com/business/companies/article/1753068/shunfeng-aims-double-revenue-beijing-solar-farms-target
-
meteocontrol Releases Germany Solar Eclipse Analysis
Apr 1, 2015 | Reuters
meteocontrol, a leading weather and solar power forecast analysis company, today released its solar eclipse data following the solar eclipse that took place on March 20th. The analysis shows how the company was able to predict the extreme fluctuations during the eclipse, in advance of the event itself. Findings show that as the sun receded, solar power dropped from roughly 13 gigawatts to 5 gigawatts within 45 minutes, and returned to 20 gigawatts within the same time period.
"Our findings show that what Germany experienced on March 20th equates to the output of eight nuclear power plants that are cut off from the grid within an extremely short period of time," said said Robert Pfatischer, one of the two managing directors ofmeteocontrol. "This volatility however should not endanger the grid at all if one is able to predict it in advance as we have, and ensure back up supply."
During the eclipse, the moon covered between 66 and 83 percent of the sun in Germany, posing a major challenge for managing the 1.4 million photovoltaic systems connected to the electrical grid. Thanks to precise forecasts however, the grid was able to offset the solar input fluctuations through other sources, allowing power supply to remain stable and blackout-free. In addition to servicing customers, the meteocontrol's accurate forecast mitigated the risk experienced by energy trading companies.
meteocontrol is a subsidiary of SFCE, headquartered in Augsburg (Germany), which offers highly precise solar power forecasts in every corner of the world. The company's solutions combine and compare multiple international weather models in conjunction with data recorded from across more than 37,000 solar systems. Through combining real time solar power generation and weather pattern analytics, meteocontrol, provides exact predictive forecasts, backed up by real operating data.
About meteocontrol
meteocontrol, EU headquarter based in Augsburg, Germany and APMEA headquarter based in Shanghai (China), with offices and branches in Lyon (France), Madrid (Spain), Milan (Italy), Alameda (U.S.A.) and Moers (Germany) offers energy and weather data management, yield reports, quality audits and technical due diligence as well as monitoring and technical operations management of PV systems of all sizes. meteocontrol has more than 30 years of expertise in renewable energy systems and has so far been involved in projects with a total investment volume of more than 13 billion euros. The company currently conducts technical operation management for systems with a total power of around 500 MWp. In addition, meteocontrol is the market leader for professional remote monitoring of PV systems. meteocontrol monitors around 37,000 PV systems around the globe with a total power of over 9.8 GWp. meteocontrol is a member of SFCE Shunfeng International Clean Energy Limited.
http://www.reuters.com/article/2015/04/01/meteocontrol-eclipse-idUSnPn3dlrgC+81+PRN20150401
-
SFCE Releases 2014 Financial Report with Record Profits and Strong Annual Figures
Apr 1, 2015 | Reuters
Shunfeng International Clean Energy Limited (SFCE), the world's leading low-carbon integrated energy solution provider, announced its financial results for the 2014 fiscal year ending December 31. SFCE saw a 275.6% increase in total revenue from RMB 1.5 billion ($241 million) in 2013 to RMB5.7 billion ($917 million) in 2014; a 741% increase in gross profit from RMB 151 million ($24 million) to RMB 1.3 billion ($209 million); and a net profit of RMB 1.3 billion ($209 million) compared to a RMB 1.8 billion ($289.5 million) loss in 2013.
SFCE's net profit and revenue rose due to the substantial increase in the manufacturing and trading of its solar products following the acquisition of Wuxi Suntech in April 2014. SFCE's sales volume of solar products increased by 159.7% to 3,238.5MW compared to 1,094.7MW in 2013. Additionally, SFCE's solar power plants, which were connected to the grid in 2013 and 2014, began operation and are now generating income reaching a total of 607,793MWh.
Mr. Zhang Yi, Chairman of SFCE said that "SFCE experienced a great year in 2014. We expanded our scope and overseas business through large-scale acquisitions and industry consolidation. These efforts have helped to transition SFCE from a primarily solar power-based company into a leading global energy supplier and low carbon energy solutions provider. In 2015 the company will continue to focus on solar energy, and expand to other clean energies, including from wind, geothermal and sea water based energy sources. We are also focusing on the development of energy storage technologies and energy storage products, and will compliment all of these with innovative and energy efficient application solutions. Together our new and upcoming products and services position us well as leader in the entire clean energy ecosystem."
In 2014 the company began to diversify its business by expanding the construction and operation of its energy storage business, photovoltaic inverter business and manufacturing of solar products. This effort helped SFCE to achieve its vision of creating low-carbon urban environments. The acquisition and reorganization of Wuxi Suntech was successfully carried out during the year, and SFCE will continue to invest in Suntech's first-class products, technology and services.
In 2014, SFCE also acquired 28% equity interest in Everpower, a US-based company focuses in hydrogen energy storage and hydrogen power generation; 30% equity interest in Powin Energy, an energy storage battery management technology company; as well as in the inverter and BIPV business of Sunways AG, a German-based company. SFCE also successfully acquired S.A.G. Solarstrom, a German solar energy enterprise, which will help SFCE to enhance its portfolio and capability in developing solar energy projects through EPC services and monitor PV stations. It will also strengthen the company's position in Europe and the United States.
Eric Luo, the CEO of SFCE, said that "As we continue the momentum from 2014, we are preparing to introduce 3 low-carbon, integrated energy efficiency solutions to the global market: low-carbon cities, low-carbon communities and low-carbon households. Our latest low-carbon energy-saving integrated solutions will bring about an overall energy-savings of up to 50% to 70%. We are also exploring other green energy technologies including air and sea-water ion batteries."
2015 is already seeing major milestones for SFCE. SFCE signed an agreement with Nobao Renewable Energy Holdings, a leader inChina's ground source heat pump (GSHP) technology industry to jointly research and develop technologies for large scale heating and cooling supply technology. Also contributing to SFCE's low-carbon cities and communities vision were the company's partnerships with Lattice Power, a mass producer of LED lighting and GreenWheel EV, the leading electronic vehicle company inChina.
About Shunfeng International Clean Energy Limited
Shunfeng International Clean Energy Limited (SFCE) is committed to becoming the world's largest low-carbon, integrated, energy solution provider. Through strategic acquisitions and integration, SFCE owns a number of well-known product and technology brands in the industry. SFCE fosters a continuous improvement in energy generation including in solar, wind, ocean power and ground source heat pumps, combined with energy management and storage capabilities. SFCE aims to provide clean energy solutions to large scale public facilities and commercial users such as business facilities, office buildings, schools, hospitals sports stadiums and households. SFCE's energy solutions can achieve energy cost reductions of 50% - 70%, creating energy generation choices for its customers to reduce both carbon emissions and energy costs.
SOURCE Shunfeng International Clean Energy Limited
http://www.reuters.com/article/2015/03/31/sfce-ern-idUSnPn1XVNM4+9e+PRN20150331
SFCE News
meteocontrol Press Release
SFCE Press Release - Financial Report
Add recipients
Suggested