NEW YORK, October 25, 2017 /PRNewswire/ --
According to a recent research provided by the International Energy Agency (IEA), wind and solar capacity is ten-fold what it was a decade ago. The momentum behind renewable energy sources is strong. The growth has sparked innovation, cost reductions and job creation. For example, recent data shows that solar PV projects are offering impressively low prices, as low as 3 cents/kWh, in places where the resources are abundant and low-cost financing is available. The report indicates that renewables accounted for almost two-thirds of net new power capacity around the world last year, with almost 165 gigawatts (GW) coming online and a strong solar PV market. By 2022, renewable electricity capacity is projected to increase by 43%. Solar Integrated Roofing Corporation (OTC: SIRC), SolarWindow Technologies, Inc. (OTC: WNDW), Sauer Energy Inc. (OTC: SENY), SPI Energy Co., Ltd. (NASDAQ: SPI), Sunworks, Inc. (NASDAQ: SUNW)
"We see renewables growing by about 1,000 GW by 2022, which equals about half of the current global capacity in coal power, which took 80 years to build," said Dr Fatih Birol, the executive director of the IEA. "What we are witnessing is the birth of a new era in solar PV. We expect that solar PV capacity growth will be higher than any other renewable technology through 2022." Renewable energy sources include wind, solar, geothermal, biomass and more.
Solar Integrated Roofing Corporation (OTC: SIRC) announced yesterday that, "they have entered into an agreement with a national big box store to be the provider for all of their residential roofing contracts.
"This is a huge opportunity for us, a real game-changer," said CEO Dave Massey. "This is a major home improvement chain, a Fortune 500 company with 1,840 stores in the United States, Canada, and Mexico. It was our track record of customer service that prompted them to close the deal with us and we couldn't be prouder of that. We're going to become their installer for their roofing contracts. We are also negotiating with them to help launch their solar program as well."
Sales of the national home improvement chain topped $15 billion in fiscal 2017.
About Solar Integrated Roofing Corp. - Solar Integrated Roofing Corporation (SIRC) is an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on acquisitions of like companies to build a footprint nationally. For more information, please visit: www.solarintegratedroofingcorp.com
SolarWindow Technologies, Inc. (OTCQB: WNDW) creates transparent electricity-generating liquid coatings. When applied to glass or plastics, these coatings convert passive windows and other materials into electricity generators under natural, artificial, low, shaded, and even reflected light conditions. On September 7, 2017, the company provided an important update on the manufacturing, marketing and product fabrication targets for its electricity-generating products for tall towers and skyscrapers. This update provides further details about the company's key in-place and planned initiatives for the upcoming quarters and follows on the heels of its recently announced production agreement with Triview Glass Industries LLC, an award-winning custom fabricator located in suburban Los Angeles.
Sauer Energy Inc. (OTCQB: SENY) is a technology developer and manufacturer focused on the emerging renewable energy market. SEI's first offering, the WindCutter, is based on the Darrieus principal and has five airfoil blades that use the principle of lift to rotate the shaft and is pole mounted. Earlier this year, the company announced its first partnership with one of the largest alternative energy contractors in the south-west, Joe Moore, of WindSun Energy Systems (WSES), in Carlsbad, California, in business since 1980. WinSun Energy Systems is a renewable energy company that specializes in solar and wind electric production for homes and businesses. WindSun, a subsidiary of Joe Moore Construction, Inc., has been a leading supplier of hybrid solar/wind energy systems to their residential projects. Under this agreement between the two companies, Sauer Energy will now be the supplier of wind turbines to WindSun.
SPI Energy Co., Ltd. (NASDAQ: SPI) is a global provider of photovoltaic (PV) solutions for business, residential, government and utility customers and investors. SPI Energy operates across the entire PV value chain, including the development, financing, installation, management and sale of utility-scale and residential solar power projects in China, Japan, Europe and North America. On September 25, 2017, the company announced that SP Orange Power (Cyprus) Limited, a subsidiary of the Company, has entered into a framework share purchase agreement dated as of September 20, 2017, pursuant to which the above subsidiary will acquire 100% equity interests of three Greek companies, namely THERMI SUN S.A, HELIOHRISI S.A., and HELIOSTIXIO S.A., from THERMI TANEO Venture Capital Fund, for a total consideration of EUR €16.65 million, subject to certain adjustments. These three companies own a total of four PV plants with 7.4MWp PV installations in northern Greece.
Sunworks, Inc. (NASDAQ: SUNW) is a premier provider of high performance solar power systems. Recently, the company announced it will construct a solar system for Clean Focus Renewables, Inc. to deliver a one of a kind community solar program for Roseville Electric Utility. The pilot program does not require customers to install solar panels on their own properties. Roseville Electric Utility selected the Clean Focus / Sunworks partnership to develop, construct, and operate its community solar pilot project which includes the installation of a 1,105 kWdc (960 kWac) fixed-tilt, ground-mount system on about 5 acres of city-owned property.
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