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Good Energy - 2015 Highlights 4 – 5
Annual Report & Financial Statements 2015 Contents Annual Report & Financial Statements Year ended 31 December 2015 2015 Strategic Report Strategic Annual Report Good Energy - 2015 highlights 4 – 5 Strategic Report 6 – 17 Chairman’s Statement 7 – 8 Strategic Review 9 – 11 Chief Executive’s Review 12 – 15 Chief Financial Officer’s Review 16 – 17 Directors’ Report Directors’ The Good Energy Group PLC Board 18 – 19 Directors’ Report 21 – 34 Directors’ Remuneration Report 31 – 34 Independent Auditors’ Report to the members of Good Energy Group PLC 35 – 39 Financial Statements Consolidated Statement of Comprehensive Income 41 Consolidated Statement of Financial Position 42 Parent Company Statement of Financial Position 43 Financial Statements Consolidated Statement of Changes in Equity 44 Parent Company Statement of Changes in Equity 45 Consolidated Statement of Cash Flows 46 Parent Company Statement of Cash Flows 47 Notes to the Financial Statements 48 – 90 Directors and Corporate Resources 91 3 Good Energy - 2015 highlights Revenue Gross profit EBITDA Compound annual growth Compound annual growth Compound annual growth over five years: 26% over five years: 27% over five years: 42% EBITDA is calculated using operating profit before exceptional costs. PBT Non current assets Compound annual growth Compound annual growth over five years: -29% over five years: 37% Financial summary Revenue increased 12% to £64.3m Cash balance £4.8m Gross profit increased by 13% to £21.3m Net debt £54.0m EBITDA increased by 28% to £7.3m Basic (loss) / earnings per share (1.4p) Profit before tax of £0.1m Total dividend for the year maintained at 3.3p 4 Strategic Report Strategic Customer growth Customers Good Energy continues to Electricity customer numbers grew 32% Directors’ Report Directors’ to 68,000 focus on building its customer base and delivering excellent Gas customer numbers rose 55% to 38,800 customer service. -
Reality and Challenges of Solar Energy in the Kingdom of Saudi Arabia (KSA)
Napier International Conference on solar and wind energy 14/04/2021 Reality and challenges of solar energy in the Kingdom of Saudi Arabia (KSA) Prof. Radwan Almasri Mechanical Engineering Department, College of Engineering, Qassim University [email protected] Outline ➢ Introduction ➢ Potential of Solar Energy in KSA ➢ Dust Accumulation ➢ National Renewable Energy Program ➢ Applications ▪ Electrical Systems ▪ Thermal Systems ▪ Thermal Solar Electricity Generation ➢ Case Studies ➢ Conclusion and Suggestions 2 Introduction ➢ KSA, in 2018, sold ≈ 290 TWh electricity, out of which share of renewable was 0.05 % . ➢ The electrical energy consumption per capita increase from 6.9 MWh to 9.6 MWh from 2007 to 2017 (8.434 MWh in 2019) ➢ In 2016, the KSA issued the "Vision 2030", a significant target is the addition of 9.5 GW of new renewable energy capacity. 3 Introduction Electrical energy sold by sectors in KSA, 2015 – 2019 4 Introduction Year(a) Name of PV power station Country Capacity MW 1980 Solar Village Saudi Arabia 0.35 1982 Lugo United States 1 1985 Carrisa Plain United States 5.6 2005 Bavaria Solarpark (Mühlhausen) Germany 6.3 2006 Erlasee Solar Park Germany 11.4 2008 Olmedilla Photovoltaic Park Spain 60 2010 Sarnia Photovoltaic Power Plant Canada 97 2012 Agua Caliente Solar Project United States 290 2014 Topaz Solar Farm(b) United States 550 2015 Longyangxia Dam Solar Park China 850 2016 Tengger Desert Solar Park China 1547 2019 Pavagada Solar Park India 2050 (a) year of final commissioning (b) capacity given in MWAC otherwise in MWDC 5 The largest PV power stations in the world Introduction Saudi Arabia’s Electricity & Cogeneration Regulatory Authority has approved a net metering scheme for solar PV systems from 1 kW to 2 MW for difference application. -
Another Record Year for Energy Mergers and Acquisitions
February 15, 2016 TO: CLIENTS AND OTHER FRIENDS OF THE FIRM 2015 – Another Record Year for Energy Mergers and Acquisitions Each year around this time we take the opportunity to review the transactions and other significant industry developments over the past year and offer our views on what they may mean for the coming year. Mergers and acquisitions activity in the energy industry during 2015 was, to Contributors: say the least, robust. The low interest rate environment and favorable James H. Barkley economic conditions that contributed to record deal volume in 2014 persisted Brooksany Barrowes into 2015. With the tailwind of economic conditions and interest rates, total Emil Barth transaction volume exceeded the all-time high watermark of $184 billion established in 2014 by almost $20 billion.1 By the end of 2015, approximately Megan Berge $202 billion of transactions had been announced. 2016 also is off to a fast start William M. Bumpers with roughly $20 billion of transactions announced in the first 6 weeks of the Michael Didriksen year. Jessica Fore More than half the 2015 activity involved pipelines, midstream companies and Jerrod Harrison MLPs. In that sector, deal volume maintained its robust activity, increasing Hillary H. Holmes slightly in 2015 to $133.3 billion as compared to 130.8 billion for 2014. Transactions among regulated electric utilities notched a similarly modest William S. Lamb increase, from roughly $30 billion in 2014 to almost $34 billion in 2015. Luckey McDowell Among LDCs, volume shot up from $3.4 billion to over $18 billion, driven by Steven R. Miles transactions involving AGL Resources and Piedmont Natural Gas Company. -
Environmental and Economic Benefits of Building Solar in California Quality Careers — Cleaner Lives
Environmental and Economic Benefits of Building Solar in California Quality Careers — Cleaner Lives DONALD VIAL CENTER ON EMPLOYMENT IN THE GREEN ECONOMY Institute for Research on Labor and Employment University of California, Berkeley November 10, 2014 By Peter Philips, Ph.D. Professor of Economics, University of Utah Visiting Scholar, University of California, Berkeley, Institute for Research on Labor and Employment Peter Philips | Donald Vial Center on Employment in the Green Economy | November 2014 1 2 Environmental and Economic Benefits of Building Solar in California: Quality Careers—Cleaner Lives Environmental and Economic Benefits of Building Solar in California Quality Careers — Cleaner Lives DONALD VIAL CENTER ON EMPLOYMENT IN THE GREEN ECONOMY Institute for Research on Labor and Employment University of California, Berkeley November 10, 2014 By Peter Philips, Ph.D. Professor of Economics, University of Utah Visiting Scholar, University of California, Berkeley, Institute for Research on Labor and Employment Peter Philips | Donald Vial Center on Employment in the Green Economy | November 2014 3 About the Author Peter Philips (B.A. Pomona College, M.A., Ph.D. Stanford University) is a Professor of Economics and former Chair of the Economics Department at the University of Utah. Philips is a leading economic expert on the U.S. construction labor market. He has published widely on the topic and has testified as an expert in the U.S. Court of Federal Claims, served as an expert for the U.S. Justice Department in litigation concerning the Davis-Bacon Act (the federal prevailing wage law), and presented testimony to state legislative committees in Ohio, Indiana, Kansas, Oklahoma, New Mexico, Utah, Kentucky, Connecticut, and California regarding the regulations of construction labor markets. -
Comparative Analysis of Wind, Solar and Landfill Gases As Alternative Sources of Energy for Electricity Generation
University of New Orleans ScholarWorks@UNO University of New Orleans Theses and Dissertations Dissertations and Theses 12-17-2010 Comparative Analysis of Wind, Solar and Landfill Gases as Alternative Sources of Energy for Electricity Generation Suruchi Verma University of New Orleans Follow this and additional works at: https://scholarworks.uno.edu/td Recommended Citation Verma, Suruchi, "Comparative Analysis of Wind, Solar and Landfill Gases as Alternative Sources of Energy for Electricity Generation" (2010). University of New Orleans Theses and Dissertations. 1262. https://scholarworks.uno.edu/td/1262 This Thesis is protected by copyright and/or related rights. It has been brought to you by ScholarWorks@UNO with permission from the rights-holder(s). You are free to use this Thesis in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights- holder(s) directly, unless additional rights are indicated by a Creative Commons license in the record and/or on the work itself. This Thesis has been accepted for inclusion in University of New Orleans Theses and Dissertations by an authorized administrator of ScholarWorks@UNO. For more information, please contact [email protected]. Comparative Analysis of Wind, Solar and Landfill Gases as Alternative Sources of Energy for Electricity Generation A Thesis Submitted to the Graduate Faculty of the University of New Orleans in partial fulfillment of the requirements for the degree of Master of Science in Engineering Electrical By Suruchi Verma B.Tech., Punjab Technical University, India, 2007 December, 2010 Acknowledgement It gives me pleasure to thank the many people who made this thesis possible. -
Favourable Time for Embracing Sustainable Solar Energy in the Next Decade
RESEARCH PAPER Engineering Volume : 6 | Issue : 5 | May 2016 | ISSN - 2249-555X | IF : 3.919 | IC Value : 74.50 A Study on Solar Rise: Favourable Time for Embracing Sustainable Solar Energy in The Next Decade KEYWORDS Solar PV, National Solar Mission, carbon emissions, energy security. Kachita Kohli Tanya Navin Kohli BE Mech Engg Vth Sem, UIET, Punjab University, BTech, Power System Engg, UPES, Dehradun Chandigarh. ABSTRACT Solar PV technology converts sunlight directly into electricity, is among the fastest growing segments of the renewable energy industry in India. Solar PV already established in many countries including India, and set to become one of the key technologies of the 21st century. Some of the factors driving the growth of this seg- ment are concerns towards carbon emissions, energy security and the rising prices of fossil fuels. Union Cabinet on 15.06.2015, stepped up India’s solar power capacity target under the National Solar Mission by five times, reaching 1,00,000 MW by 2022, which will principally comprise of 40 GW Rooftop and 60 GW through Large/ Medium Scale Grid Connected Solar Power Projects. INTRODUCTION India being a tropical country receives adequate solar ra- “The importance of this Mission is not just limited to diation for 300 days, amounting to 3,000 hours of sunshine providing large-scale grid connected power. It has the equivalent to over 5,000 trillion kWh. Almost all the re- potential to provide significant multipliers in our efforts gions receive 4-7 kWh of solar radiation per sq mtrs with for transformation of India’s rural economy. -
How Community Solar Supports American Farmers February 2020
How Community Solar Supports American Farmers February 2020 How Community Solar Supports American Farmers February 2020 Dave Gahl - Senior Director of State Affairs, Northeast www.seia.org 1 How Community Solar Supports American Farmers February 2020 Introduction As family farms are increasingly squeezed to make Community solar lease payments can provide an ends meet, farmers all over the country have found a economic lifeline to farmers, allowing farm operations new revenue stream that helps support their bottom to stay within families. In addition to generating local line: community solar projects. revenue, these projects help states make progress toward meeting their clean energy and climate goals. This fast-growing segment of the solar industry is now authorized in 19 states and Washington D.C. This short paper explains the community solar Companies specializing in community solar are model, describes the typical arrangements farmers increasingly negotiating deals with farmers to lease enter into with companies that build these projects, portions of their land to build these projects. As more presents five case studies from different states and more states continue encouraging the growth of showing the ways in which agricultural operations community solar, farmers – and landowners more have benefited from community solar on their generally – should be aware of the benefits of this property, and offers resources to help landowners potential new revenue stream. and solar firms. SEIA intends to update this document periodically and add new case studies from across the country. What is Community Solar? Community solar allows residents, small businesses, organizations, municipalities and others to receive credit on their electricity bills for the power produced from their portion of a solar array, offsetting their electricity costs. -
CSPV Solar Cells and Modules from China
Crystalline Silicon Photovoltaic Cells and Modules from China Investigation Nos. 701-TA-481 and 731-TA-1190 (Preliminary) Publication 4295 December 2011 U.S. International Trade Commission Washington, DC 20436 U.S. International Trade Commission COMMISSIONERS Deanna Tanner Okun, Chairman Irving A. Williamson, Vice Chairman Charlotte R. Lane Daniel R. Pearson Shara L. Aranoff Dean A. Pinkert Robert B. Koopman Acting Director of Operations Staff assigned Christopher Cassise, Senior Investigator Andrew David, Industry Analyst Nannette Christ, Economist Samantha Warrington, Economist Charles Yost, Accountant Gracemary Roth-Roffy, Attorney Lemuel Shields, Statistician Jim McClure, Supervisory Investigator Address all communications to Secretary to the Commission United States International Trade Commission Washington, DC 20436 U.S. International Trade Commission Washington, DC 20436 www.usitc.gov Crystalline Silicon Photovoltaic Cells and Modules from China Investigation Nos. 701-TA-481 and 731-TA-1190 (Preliminary) Publication 4295 December 2011 C O N T E N T S Page Determinations.................................................................. 1 Views of the Commission ......................................................... 3 Separate Views of Commission Charlotte R. Lane ...................................... 31 Part I: Introduction ............................................................ I-1 Background .................................................................. I-1 Organization of report......................................................... -
Global Journal of Research in Engineering
Online ISSN : 2249-4596 Print ISSN : 0975-5861 Photovoltaic Power Stations Kinetic Induktance Charges Evaluation of Residual Stress Design and Simulation Patterns VOLUME 14 ISSUE 5 VERSION 1.0 Global Journal of Researches in Engineering: J General Engineering Global Journal of Researches in Engineering: J General Engineering Volume 14 Issue 5 (Ver. 1.0) Open Association of Research Society © Global Journal of Global Journals Inc. Researches in Engineering. (A Delaware USA Incorporation with “Good Standing”; Reg. Number: 0423089) Sponsors: Open Association of Research Society 2014. Open Scientific Standards All rights reserved. Publisher’s Headquarters office This is a special issue published in version 1.0 of “Global Journal of Researches in Global Journals Headquarters Engineering.” By Global Journals Inc. All articles are open access articles distributed 301st Edgewater Place Suite, 100 Edgewater Dr.-Pl, under “Global Journal of Researches in Wakefield MASSACHUSETTS, Pin: 01880, Engineering” United States of America Reading License, which permits restricted use. Entire contents are copyright by of “Global USA Toll Free: +001-888-839-7392 Journal of Researches in Engineering” unless USA Toll Free Fax: +001-888-839-7392 otherwise noted on specific articles. No part of this publication may be reproduced Offset Typesetting or transmitted in any form or by any means, electronic or mechanical, including Global Journals Incorporated photocopy, recording, or any information storage and retrieval system, without written 2nd, Lansdowne, Lansdowne Rd., Croydon-Surrey, permission. Pin: CR9 2ER, United Kingdom The opinions and statements made in this book are those of the authors concerned. Packaging & Continental Dispatching Ultraculture has not verified and neither confirms nor denies any of the foregoing and Global Journals no warranty or fitness is implied. -
Regional Assessment for Desert Stateline
REGIONAL ASSESSMENT STATELINE SOLAR FARM PROJECT BLM CASE FILE NUMBER CACA-48669 Prepared for: Prepared by: Desert Stateline, LLC NatureServe 525 Market Street 4600 North Fairfax Drive 15th Floor 7th Floor San Francisco, California 94105 Arlington, Virginia 22203 Date: 27 July 2012 Cover photo credit: Geoffrey Hammerson NatureServe Project Team Mary Harkness Patrick Crist Conservation Planner/Project Manager Director, Conservation Planning and Ecosystem Management Ian Varley Jacquie Bow Conservation Planner GIS Analyst Jon Hak Geoffrey Hammerson Ecologist/Senior GIS Analyst Research Zoologist Suzanne Young Conservation Biologist and Data Analyst Suggested citation: NatureServe. 2012. Regional assessment: Stateline solar farm project. Technical report prepared for Desert Stateline, LLC. NatureServe, Arlington, VA. Regional Assessment: Stateline Solar Farm Project Page 2 of 94 1 Introduction .......................................................................................................................................... 8 1.1 Purpose and overview of assessment ........................................................................................... 8 1.2 Assessment approach ................................................................................................................... 8 1.3 Assessment areas and context ...................................................................................................... 8 1.3.1 Ivanpah Valley Watershed ................................................................................................... -
Solar Is Driving a Global Shift in Electricity Markets
SOLAR IS DRIVING A GLOBAL SHIFT IN ELECTRICITY MARKETS Rapid Cost Deflation and Broad Gains in Scale May 2018 Tim Buckley, Director of Energy Finance Studies, Australasia ([email protected]) and Kashish Shah, Research Associate ([email protected]) Table of Contents Executive Summary ......................................................................................................... 2 1. World’s Largest Operational Utility-Scale Solar Projects ........................................... 4 1.1 World’s Largest Utility-Scale Solar Projects Under Construction ............................ 8 1.2 India’s Largest Utility-Scale Solar Projects Under Development .......................... 13 2. World’s Largest Concentrated Solar Power Projects ............................................... 18 3. Floating Solar Projects ................................................................................................ 23 4. Rooftop Solar Projects ................................................................................................ 27 5. Solar PV With Storage ................................................................................................. 31 6. Corporate PPAs .......................................................................................................... 39 7. Top Renewable Energy Utilities ................................................................................. 44 8. Top Solar Module Manufacturers .............................................................................. 49 Conclusion ..................................................................................................................... -
Photovoltaic Systems Growing: an Update
International Journal of Engineering Research and Technology. ISSN 0974-3154, Volume 13, Number 9 (2020), pp. 2288-2296 © International Research Publication House. https://dx.doi.org/10.37624/IJERT/13.9.2020.2288-2296 Photovoltaic Systems Growing: An Update Ntumba Marc-Alain Mutombo Department Electrical Engineering, Mangosuthu University of Technology, Durban, KwaZulu-Natal Abstract II. PHOTOVOLTAIC CELL STRUCTURE AND ENERGY CONVERSION The photovoltaic (PV) technology as the third renewable energy (RE) generation source is growing faster than most of the RE The PV technology was born at Units States in 1954 with the technology due to intense research performed in this field. This development of the silicon PV cell made by Daryl Chapin, last year has seen an important growing of PV technology in Calvin Fuller and Gerard Pearson at Bell labs. This cell was able efficiency, cost, applications, capacity and economy. The global to convert enough SE into electricity for house appliances [2]. total solar PV installed capacity in 2018 is dominated by APAC The term PV referred to the operating mode of photodiode (China included) with 58 % of solar PV installed capacity, device in which the flow of current is entirely due to the follows by Europe (25 %), America (15 %) and MEA (2 %). transduced light energy. Based on their structure and operating mode, all PV devices are considered as some type of photodiode. Even with a decline of 16 % in 2018, the global solar PV market Fig. 1 shows the schematic block diagram of a PV cell. continue to be dominated by China with 44.4 GW installed in 2018 against 52.8 % GW in 2017.