Fidelis - Solar-Flare? - 500 Beiträge pro Seite

[R-BgO]

March 15, 2010, 6:01 a.m. EDT · Recommend · Post:
Fidelis Signs 207MW Contract for Sale of Solar Modules Worth $475 Million

BEVERLY HILLS, CA, Mar 15, 2010 (MARKETWIRE via COMTEX) -- Fidelis Energy Inc. (PINKSHEETS: FDEI) ("Fidelis" or the "Company") announced today that it has entered into a long-term solar module supply agreement with TinSol Energy (pty) Ltd. (TSEL), Johannesburg, South Africa. Under the terms of the contract, Fidelis Energy will supply 207 megawatts (MW) of PV Solar modules to TSEL for use in the development and build-out of several solar parks in Africa. Fidelis will begin shipments against this contract during the first quarter of 2011. Product will ship from Fidelis's Chinese plant scheduled to come online during the fourth quarter of 2010.

Mr. Wes L. Volker, Managing Director of TSEL, commented: "We selected Fidelis as our partner for these large installations due to the benefits of the Solar Cell technology owned by Fidelis, particularly its very competitive cost and excellent performance. We look forward to a long and prosperous relationship with Fidelis as we grow our energy business in Africa."

"We are proud to announce Fidelis Energy's first multi-hundred megawatt contract," stated Mr. James Poole, CEO of Fidelis Energy. "This contract, along with the substantial investment commitment we secured in February and other imminent multi-hundred megawatt deals, will enable Fidelis to command a leadership position in the high growth solar market. We are extremely pleased to be working closely with TinSol Energy (pty) Ltd. to accelerate our growth in Africa." Mr. Poole added, "The environmental benefits of solar energy are critical to addressing the global warming challenge facing all of us. The electricity generated as a result of the deployment and use of the PV modules we will sell to TSEL will avoid the annual emission of nearly 600,000 metric tons of CO2 that would result if the electricity were generated by coal-fired power plants." Fidelis Energy announced up to $80 million of new financing in February 2010, for the purpose of expanding its photovoltaic manufacturing capacity. Fidelis plans to expand its annual manufacturing capacity by approximately 150 MW in each of the next several years.

About Fidelis Energy Inc.

Fidelis Energy Inc. ("FDEI") is an energy company focused on developing, constructing and operating solar energy projects exclusively or in partnership with other energy companies. Fidelis is also in the development stage of designing solar photovoltaic (PV) cell technology products and plans to manufacture and distribute these products in the future.

Fidelis owns a unique patent pending solar cell technology based on photovoltaic cells with integral light-transmitting wave guides in a ceramic sleeve. The advantage of this technology is the efficiency of less exposed surface area being required to generate electricity. The light-transmitting particles act as wave guides and allow the sun-exposed conversion area of the solar cell to be shifted readily from horizontal to vertical to capture more sunlight. The ceramic sleeve eliminates the need for expensive vacuum chambers, thereby allowing less expensive materials to be used in solar cell production.

We are developing, with plans to eventually manufacture and market, innovative solar cells and solar power products for a wide range of applications based on our technology that increases light-trapping while enabling a variety of materials to be used. Our technology employs multiple stacked solar cells in a ceramic sleeve that uses nano-particles and crystal wave guides to carry light from the opening down to the last junction in the solar cell. Competitors' processes that use vacuum chambers (instead of a ceramic sleeve) generally don't allow for material substitution because of contamination issues. We believe our technology will also allow manufacturers to quickly and economically shift to new materials if a shortage of any one type of material occurs. In general, our technology will offer a flexible, cost-effective solution for increased light-trapping and will provide increased efficiency.

[R-BgO]

Press Release Source: Fidelis Energy, Inc. On Tuesday January 19, 2010, 4:00 pm EST

BEVERLY HILLS, CA--(Marketwire - 01/19/10) - Fidelis Energy, Inc. (Pinksheets:FDEI - News) ("Fidelis" or the "Company") today announced the completion of new financing with total commitments of $30 million led by Swiss-based Empres Voss Capital (EVC). The proceeds from this financing will be drawn down in traunches as required during the process of building a solar power plant in India. The Solar facility is located in the Thar Desert near Jaisalmer, India. The region is destined to become the world's biggest solar power house as it basks in an average of 330 days of sunshine per year and receives up to 6.2KW per hour of solar energy per square meter everyday, which is the highest in the world. Further details of the financing will be released as they occur.

"Empres Voss Capital is excited to work with this team of experienced renewable energy professionals," said Josh Hindelberg, Partner at Empres Voss Capital. "We are very impressed with the proven management team of Fidelis and feel that they are well positioned to take a lead role in the Solar Energy space."

"We are proud and encouraged by our ability to close the financing in challenging credit markets. This accomplishment is largely the result of the intersection of quality projects, established financial sources, and highly professional people working diligently on both sides of the deal," said James Poole, Fidelis Energy President.

[Luxas85]

Hallo, Beobachte Fidelis Energy Inc schon seit einigen Monaten. Wie sehen denn die aktuellen Entwicklungen aus und in wie weit werden diese evtl. pos. Entwicklungen durch die aktuelle Europa Finanzkrise gehemmt?

[R-BgO]

LOS ANGELES, CA--(Marketwire - 06/22/10) - Fidelis Energy Inc. (Pinksheets:FDEI - News) announced today that it has entered into a long-term solar module supply agreement with Lagofrio Energy Solutions (LES), a wholly-owned subsidiary of TinSol Energy (pty) Ltd. (TSEL), Johannesburg, South Africa. Under the terms of the contract, Fidelis Energy will supply 93 megawatts (MW) of PV Solar modules to TSEL for use in the development and build-out of several solar parks in Africa. Fidelis will begin shipments against this contract during the first quarter of 2011. Product will ship from the Fidelis module plant in China, scheduled to come online during the fourth quarter of 2010.

Mr. Wes L. Volker, Managing Director of TSEL, commented: "We have continued to select Fidelis as our partner to supply our large solar installations due to the cost and performance advantages afforded by the Solar Cell technology owned by Fidelis. This second contract is another step toward a long and prosperous relationship with Fidelis as we develop and expand our energy business in Africa."

"We are very pleased to have secured another large capacity contract for Fidelis Energy," stated Mr. James Poole, CEO of Fidelis Energy. "This second deal with TSEL validates our ever improving position in the international solar market. Along with the substantial investment commitment we secured in February, additional large megawatt capacity agreements are under negotiation that will facilitate Fidelis to command a leadership position in the high growth solar market. We are extremely pleased to be working closely with TinSol Energy (pty) Ltd. to accelerate our growth in Africa." Mr. Poole added, "The environmental benefits of solar energy are critical to addressing the global warming challenge facing all of us. The electricity generated as a result of the deployment and use of the PV modules we will sell to TSEL will avoid the annual emission of nearly 600,000 metric tons of CO2 that would result if the electricity were generated by coal-fired power plants." Fidelis Energy announced up to $80 million of new financing in February 2010, for the purpose of expanding its photovoltaic manufacturing capacity. The Company plans to expand its annual manufacturing capacity by approximately 150 MW in each of the next several years.

[R-BgO]

Fidelis Energy Progress Report on 5MW Solar Energy Facility in India

BEVERLY HILLS, CA--(Marketwire - 06/10/10) - Fidelis Energy Inc. (Pinksheets:FDEI - News) is pleased to report on the progress of the 5MW Solar Energy Facility near Jaisalmer, India. The 5MW project is part of a larger proposed 100 MW project and will be the first of its kind in India.

"It has been and exciting and rewarding journey for us as a company this past year in working towards the goal of becoming a pioneer in the solar industry in India. This is a very exciting time for solar and for the alternative energy sector worldwide, and we are proud to be part of it," stated Mr. James Poole, President and CEO of Fidelis Energy Inc.


Dear Shareholders,

I am pleased to write to you today with an update on the various activities we as a company have been engaged in and an overview of our current objectives. I am proud of our accomplishments to date and am excited about our future prospects with a sharp focus on becoming a leader in solar power generation.

Since signing the Agreement with Esar Solar Power Pvt. Ltd. (ESP), the key objectives have been:

1. Produce a Detailed Project Report for presentation to government officials in Rajasthan
2. Produce a Feasibility Study for the government officials in Rajasthan
3. Identify and purchase a sufficient area of land suitable for a 100 Megawatt Solar Energy Facility
4. Secure Power Purchase Agreement(s) with the state's government-owned power distribution company
5. Obtain financing in the form of debt or a Joint Venture partner
6. Secure an implementation agreement with the government
7. Complete Phase I-A construction of the Solar Energy Facility (5MW) and connect to the grid

Detailed Project Report & Feasibility Study

The Detailed Project Report and the Feasibility Study are both well underway. We have engineers both here and in India compiling the data required. The company has a planned presentation date of July 31, 2010, to present these reports to the government officials in Rajasthan. These reports are the base documents for planning and implementing the project in Rajasthan.

Land

The team, including a number of Indian Government officials, targeted the land most suited for the project. The location is perfectly suited for the project because it is located in the Thar desert. The region basks in an average of 330 days of sunshine per year and receives up to 6.2KW per hour of solar energy per square meter everyday, which is the highest in the world. The entire 960 acres are secured by deposit and being purchased from a syndicate of landowners at a cost of approximately $3.7 million. This site is approximately 5 kilometers to the nearest government substation connecting to the electrical grid system.

Financing

The company is currently in negotiations with 6 (six) separate entities interested in additional funding for this project. Three of which are well known financial institutions looking for solar projects and the other three are very well known solar companies. Management feels that a Letter of Intent from one or more of these sources could be signed within the next 15 days. The Company has already secured a $30 million financing with Swiss-based Empres Voss Capital (EVC) announced early this year on January 19, 2010.

Complete Construction of Phase I-A of the Solar Energy Facility

This project will be the largest Solar Energy Facility in India. Phase I-A calls for the construction of 5 MW of power at a construction cost of approximately $25 million USD. Currently all of India has a total of approximately 3.2MW of installed grid-interactive Solar Power capacity. Just this first phase is almost twice more solar power than currently installed. It will provide enough electricity to power approximately 18,000 homes.


India's National Solar Plan

In July 2009, India unveiled a $19 billion plan, to produce 20 GW of solar power by 2020. Under the plan, solar-powered equipment and applications would be mandatory in all government buildings including hospitals and hotels. On November 18, 2009, it was reported that India was ready to launch its National Solar Mission under the National Action Plan on Climate Change, with plans to generate 1,000 MW of power by 2013.

Advisory Board

In early March we elected to form an Advisory Board in order to bring on seasoned experts to assist the company with expert advice including Technical, Political and Business. Demyan Bondarenko was announced on March 10, 2010 as the company's Director of Solar Project Development and Fedir Ruzicka as the European Solar Energy Operations Manager. The company plans to announce 4 to 5 more advisors to the board shortly. These board members will help the company as it grows and tackles the challenges of putting together large industrial size solar projects. The Advisory Board members are successful individuals chosen because of their knowledge and experience in their respect fields of expertise.

Sincerely Yours,

James Poole
President & CEO, Fidelis Energy Inc.

[R-BgO]

Fidelis Energy Ships 23 MW Solar PV Modules Ahead of Schedule
Posted in | Green Energy | Solar Energy

Fidelis Energy, an alternative energy company engaged in the developing and selling of solar power products, declared that it has shipped 23 MW of solar PV modules to its first client TinSol Energy, of South Africa (TSEL).

The company has commenced the manufacturing process from its production facility in China in the earlier part of this year. The company sped up its production process for the client and shipped the products well before the pre-scheduled first quarter of 2011. The company had earlier signed an agreement with TSEL to supply 207 MW of solar PV modules valued at $475 million. The order will be completed in due course of time. The company anticipates receiving $52.5 million being payment value for the current shipment before 15th December 2010. On the basis of its current manufacturing capabilities, the company anticipates earning approximately 95 Million to $160 Million in the first quarter of 2011.

James Poole, CEO and President of Fidelis Energy, said that his company is happy with the last quarter results that showed a healthy growth of the company. He added that in the fourth quarter, the company surpassed all its previous set targets and accomplished record revenue growth and quick shipments. He said that his company has received few more contracts both from the existing and new clients and looking forward to continuing the gained momentum to lead the solar industry in future.

[R-BgO]

Thursday, 2 Dec 2010 08:34am EST

Fidelis Energy Inc. announced the signing of a technology transfer and joint development agreement with Prism Holdings, Ltd. (PHL -- a private company specializing in clean energy technologies) to acquire and develop a select group of technology Assets from PHL's portfolio. The transaction is valued at $35,000,000, purchased through an equity-building issuance of preferred stock and will create no debt for the Company.

[silvretta]

Antwort auf Beitrag Nr.: 42.292.722 von R-BgO am 02.11.11 19:27:08

Die Frage ist doch nur ob FIDELIS überhaupt noch existiert ?

[R-BgO]

ab auf den Solarfriedhof