PSC Industries will supply 5 turn key PV Solar module manufacturing lines, to be utilised in Nigeria. It is anticipated that PSC Industries will start producing Solar Modules in Nigeria by December 2009 or early 2010.
A total of 5 manufacturing plants of 10MWp each has been concluded upon and will all be operational by end of 2010.
Discussions are underway for additional Manufacturing Plants in Ghana and Gambia slated for 2011.
The manufactured Solar Panels will be Sold mainly for the West Africa Market.
Equipment will be delivered and installed by Rimas B.V. in the Netherlands who is active in the field of module manufacturing since 2000. The turn key solution is set up especially for this challenge and combines high quality equipment with a compact semi-automatic solution.
The initial is estimated at 12,000,000 Euros/2.8 Billion Naira and will create over 1,500 Jobs in Nigeria in 2009/2010.
Dr. Patrick Owelle, Managing Director of PSC, has been deeply committed to the idea of establishing the First Solar Manufacturing Plant idea in West Africa for more than a decade now and found the right partner in Rimas for the realization of his ideas.
Mark Verstraten, director of Rimas, believes that this opportunity is a new challenge to him and his team and will contribute strongly to his company's growth.
Source - Solardaily
Showing posts with label Netherlands. Show all posts
Showing posts with label Netherlands. Show all posts
Thursday, 7 May 2009
Wednesday, 18 March 2009
Anger as Shell reduces renewables investment
Royal Dutch Shell provoked a furious backlash from campaigners yesterday when it announced plans to scale back its renewable energy business and focus purely on oil, gas and biofuels.
Jeroen van der Veer, the chief executive, said that Shell, the world's second-largest non-state-controlled oil company, was planning to drop all new investment in wind, solar and hydrogen energy.
“I don't expect them to grow much at Shell from here, due to portfolio fit and the returns outlook compared to other opportunities,” he said, speaking at the Anglo-Dutch group's annual strategy briefing.
He said that instead Shell would focus its remaining renewable energy investments on biofuels, where it is conducting research into “second generation” fuels, so far with little commercial success.
Linda Cook, who heads Shell's gas and power business, said that wind and solar power “struggle to compete with the other investment opportunities we have in our portfolio”.
The announcement, which comes as Shell is fighting to maintain its commitments on dividends (which it will increase by 5 per cent this year) and its core oil and gas business in the face of a more than $100 slide in the price of crude since last summer, triggered a furious response from green groups.
John Sauven, the executive director of Greenpeace UK, said that Shell had “rejoined the ranks of the dirtiest, most regressive corporations in the world ... After years of proclaiming their commitment to clean power, they're now pulling out of the technologies we need to see scaled up if we're to slash emissions.”
A spokesman for the Department for Energy and Climate Change said: “We believe renewables have a strong future as part of the UK and global energy mix in the fight against climate change.”
Shell has invested $1.7billion on alternative energy in the past five years, compared with total capital expenditure of $32billion this year. It holds stakes in 11 wind power projects, mostly in the United States, with the capacity to generate 1,100 megawatts of electricity. It also operates research programmes into thin-film solar and hydrogen technology.
Shell also said that it will maintain its spending on carbon capture and storage projects in Germany, Netherlands, Norway, Canada, Australia and America - most of which also receive state support.
Source - The times
Jeroen van der Veer, the chief executive, said that Shell, the world's second-largest non-state-controlled oil company, was planning to drop all new investment in wind, solar and hydrogen energy.
“I don't expect them to grow much at Shell from here, due to portfolio fit and the returns outlook compared to other opportunities,” he said, speaking at the Anglo-Dutch group's annual strategy briefing.
He said that instead Shell would focus its remaining renewable energy investments on biofuels, where it is conducting research into “second generation” fuels, so far with little commercial success.
Linda Cook, who heads Shell's gas and power business, said that wind and solar power “struggle to compete with the other investment opportunities we have in our portfolio”.
The announcement, which comes as Shell is fighting to maintain its commitments on dividends (which it will increase by 5 per cent this year) and its core oil and gas business in the face of a more than $100 slide in the price of crude since last summer, triggered a furious response from green groups.
John Sauven, the executive director of Greenpeace UK, said that Shell had “rejoined the ranks of the dirtiest, most regressive corporations in the world ... After years of proclaiming their commitment to clean power, they're now pulling out of the technologies we need to see scaled up if we're to slash emissions.”
A spokesman for the Department for Energy and Climate Change said: “We believe renewables have a strong future as part of the UK and global energy mix in the fight against climate change.”
Shell has invested $1.7billion on alternative energy in the past five years, compared with total capital expenditure of $32billion this year. It holds stakes in 11 wind power projects, mostly in the United States, with the capacity to generate 1,100 megawatts of electricity. It also operates research programmes into thin-film solar and hydrogen technology.
Shell also said that it will maintain its spending on carbon capture and storage projects in Germany, Netherlands, Norway, Canada, Australia and America - most of which also receive state support.
Source - The times
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