Energy, Oil and Gas

Lightway Solar America Enters Into Agreement with Pristine Sun to Supply 11.8 MW of Solar Modules

ISELIN, N.J., Oct. 29, 2012 (SEND2PRESS NEWSWIRE) — Lightway Solar America, Inc., the U.S. subsidiary of Lightway Green New Energy Co., Ltd., and Pristine Sun, LLC have entered in an agreement whereas Lightway will supply 11.8 megawatts of solar panels for 12 projects located throughout California ranging from 325 KW to 1.95 MW. The Supply Agreement was structured to have Lightway’s project development subsidiary, LWSA Project Development LLC, invest a total of $2.55M in exchange for equity ownership.

Pristine Sun has been aggressively building their project development model by focusing primarily on the small business niche and has quickly become the leading developer of small utility scale projects in California.

Lightway has joined the emerging trend of module suppliers that are adding project ownership as a supplement to their manufacturing model in order to build market share throughout the United States.

William Sien, President of LWSA Project Development, said “Module suppliers operate in a challenging environment dominated by oversupply and project financing difficulties. Lightway has to take the initiative and be creative with new business models that pro-actively incorporate financing solutions for our customers. We feel that the Pristine Sun partnership not only supports our downstream integration into project ownership, but also will also help us strategically develop a brand name in California for the small commercial segment.”

Troy Helming, CEO of Pristine Sun, said “With an abundance of module suppliers to choose from, we were looking for a partner that not only could provide a quality, bankable module, but a supplier that would also be willing to share the project financing responsibilities with Pristine Sun. With Lightway, we are confident that we have a partner that meets our quality standards and has a thorough understanding of the challenges project developers are facing in today’s difficult conditions.”

About Lightway Green New Energy Co., Ltd.:
Lightway Green New Energy is world class, vertically integrated solar panel manufacturer with 660 MW of balanced, production capacity that incorporates ingot, wafer, cell and module manufacturing. The manufacturing plant is located in a futuristic Science and Technology Park based in Gaobeidian, China that spans 2.3M square feet and is the home to over 5,000 employees. With a strong financial portfolio and the support of their strategic partnerships, Lightway will continue to expand and plans to reach 1500 MW in 2014. One of the strategic markets for Lightway is the development of the U.S. region through their subsidiary, Lightway Solar America, Inc. which has a sales office in New Jersey and warehouses on both the east and west coast.

More information: http://www.lightwaysolaramerica.com/ .

About Pristine Sun, LLC:
Pristine Sun is a professional full service renewable energy company with a goal to become the most respected solar developer in America. Pristine Sun’s core management team has an average of 10-16 years of experience each in the development and finance of solar and wind projects with a combined total of over $2 billion. Pristine Sun, originally backed by a $24 billion private equity fund, has a 2 GW solar pipeline with 750 MW of “real” projects under active development, is headquartered in San Francisco, Calif. Pristine’s business model is simple: We are proficient at acquiring site leases and 20 year Power Purchase Agreements for financeable solar and wind projects in markets with FIT programs. We then develop the sites, underwrite, procure financing, construct and operate these low risk projects.

Pristine Sun: developing $1 Billion of solar assets by 2015. More information: http://www.pristinesun.com/ .

NEWS SOURCE: Lightway Solar America, Inc. :: This press release was issued on behalf of the news source by Send2Press(R) Newswire, a service of Neotrope(R). View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .


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Lightway Solar America Executes 62.8 MW Solar Project Development Pipeline

ISELIN, N.J., Oct. 26, 2012 (SEND2PRESS NEWSWIRE) — Lightway Solar America, Inc. (LSA), the U.S. subsidiary of Lightway Green New Energy Co., Ltd. (LGNE), has announced the execution of 62.8 Megawatts of contracts through their project development subsidiary, Lightway Solar America Project Development, LLC (LWSA PD). Lightway has implemented a sales model in which 11.9 MW of solar panels will be invested into these projects in exchange for equity positions with a commitment from their project partners to purchase the remaining 50.9 MW through executed supply agreements.

The project pipeline consists of 11 different solar project development partners with a pipeline of projects ranging from 250 kw to 4.8 MW spread throughout New Jersey, Massachusetts, New York, North Carolina, Arizona and California. Projects will begin construction immediately with 21 MW scheduled for Q4 2012 and 42 MW to be built throughout 2013.

During an era where the U.S. solar industry is challenged with oversupply, decreasing prices and project financing bottlenecks, Lightway has aggressively implemented sales models that focus on bankability, downstream financial solutions, and strategic distribution channels. In less than 2 years, Lightway’s U.S. subsidiary has already executed over 98 MW of supply agreements and is expecting their project development subsidiary to create additional growth opportunities in 2013.

William Sien, President of LWSA PD, said: “The earlier trends of integrating upstream have been successful in under-supplied markets, however, we recognize that in today’s market of oversupply and project financing difficulties, moving further downstream into project ownership will be a key factor towards our future growth and sustainability. Although our primary business model and expertise will remain in solar module manufacturing, we foresee project development and ownership of photovoltaic projects as key drivers to supplement our solar module sales throughout the North America region.”

Wei Na, Global Sales and Marketing VP of LGNE, parent company of LSA, further commented: “We are excited about the project pipeline, whose strong commercial and residential presence in U.S. provides us with an excellent opportunity as we operate our business in the U.S. We are confident our high-quality solar modules and customer service will contribute to the growth of the solar industry as a whole.”

About Lightway Green New Energy Co., Ltd.:
Lightway Green New Energy is world class, vertically integrated solar panel manufacturer with 660 MW of balanced, production capacity that incorporates ingot, wafer, cell and module manufacturing. The manufacturing plant is located in a futuristic Science and Technology Park based in Gaobeidian, China that spans 2.3M square feet and is the home to over 5,000 employees.

With a strong financial portfolio and the support of their strategic partnerships, Lightway will continue to expand and plans to reach 1,500 MW in 2014. One of the strategic markets for Lightway is the development of the U.S. region through their subsidiary, Lightway Solar America with a sales office in New Jersey and warehouses on the east and west coast.

For more information: http://www.lightwaysolaramerica.com/ .

NEWS SOURCE: Lightway Solar America, Inc. :: This press release was issued on behalf of the news source by Send2Press(R) Newswire, a service of Neotrope(R). View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .


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Crane and Rigging Specialists Team with Union Iron Workers on Big Lifts for Gulf Coast Refineries and Plants

HOUSTON, Texas, Oct. 9, 2012 (SEND2PRESS NEWSWIRE) — Along the Gulf Coast signs of an energy boom seem evident – from the recent $3 billion addition to Valero’s Port Arthur refinery to the massive $7 billion Motiva expansion still underway; more new construction, upgrades and heavy maintenance is on the books as oil and energy giants along the Gulf crescent are beefing up their plants and contemplating new ones to meet the future, according to Iron Workers District Council of Texas and the Mid-South States.

Specialty big lift crane and rigging companies Deep South Crane and Rigging (www.deepsouthcrane.com) and Maxim Crane Works (www.maximcrane.com) will play a critical role in the new construction, expansions, upgrades and maintenance ahead for the industrial behemoths that populate the Gulf Coast. These specialists are well-prepared for the rising surge in U.S. energy, oil and gas production, as signatory contractors Maxim and Deep South rely on union Iron Workers and operators to man up the critical big lifts that are their unsurpassed specialty serving the multi-billion dollar industrial plants and refineries edging along the Gulf from Texas to Florida.

Prime resources for their clients, some of the biggest energy, oil and gas companies in the world, Deep South and Maxim supply the highly specialized cranes, transport equipment and the well-trained, credentialed labor required to execute heavy and critical path lifts intrinsic in the construction, operation and maintenance of industrial plants and modern refineries. Theirs is an industry specialty not just any company can drop in and do.

Maxim Crane and Deep South are long-standing Gulf Coast signatory contractors with the Iron Workers Union (www.ironworkerstxmidsouth.com), a relationship both companies consider key to their success in securing and executing the demanding work they do for world-leading oil and gas companies Valero, BP, Exxon/Mobil, Shell and others. As Iron Worker signatories Deep South and Maxim have virtually unrivaled manpower resources that allow them to take on bigger challenges and execute even the biggest jobs.

“Being signatory gives us the capability to go out and compete for big projects,” says Bruce Smiley, Senior Account Manager for Maxim Crane Works in Texas City. “We can do turnarounds turnkey, supplying the cranes, Iron Worker riggers and crane operators to do the job.”

Craig Stanford, Field Operations Manager in Houston for Deep South, whose company did the big lifts for the monumental Motiva refinery expansion, says the Texas and Mid-South Iron Worker locals he routinely works with on the Gulf Coast strive to give his company what it needs to compete successfully. “The Iron Workers Union here has really worked hard to figure out what our needs are and what we’ll need in order to satisfy our client requirements. They go well beyond what would reasonably be expected to make sure that their folks possess the skills and credentials we have to have in order to put these guys to work on major projects. They are very professional – very well-managed. It is a real client/provider relationship – not an adversarial one.”

The Iron Workers Union constantly trains up and credentials their men as technology and requirements evolve in their areas of specialty. “Whenever a new test, or certification comes along whether it’s required by the owners, OSHA or other agencies – owners, contractors and companies like Deep South, Riggers International and Maxim know that the Iron Workers will jump to the forefront to make sure our guys are trained to meet that particular need,” says Richard Dee, Business Manager for the Iron Workers local 135 in Galveston.

“Safety is critical in the work we do – everything has to be perfect down to the smallest detail,” says Larry Savell, Business Manager for Iron Workers local 469 in Mississippi where some 350 union Iron Workers recently completed work on the nation’s first nuclear plant uprate – a massive upgrade at Grand Gulf Nuclear Plant which generates the largest nuclear energy output in the U.S. “Nuclear equipment is immensely heavy, solid and awkward to move,” says Savell. “The Grand Gulf contractors called the union Iron Workers in because they know our men have the training, documented experience and certifications needed. If we say a man can do a job – he can do it. In the nuclear energy industry you cannot hire people off the street.”

Ed Vargocko, Business Manager for the Iron Workers local 84 in Houston agrees. “In big lifts and critical path lifts there is no room for error. Doing it right is mandatory. That’s what we do.”

About IMPACT:
IMPACT (www.impact-net.org) is a joint labor-management, non-profit trust formed under Section 302(c) (9) of Labor-Management Relations (Taft-Hartley) Act, serving to unite union ironworkers and signatory contractors in partnerships to develop jobs in the United States and Canada. IMPACT programs help foster workplace excellence through customized project tracking, management training, and safety insurance.

About the Iron Workers Union/District Council of Texas and Mid-South States:

The Iron Workers District Council of Texas and Mid-South States (www.ironworkerstxmidsouth.com) represents some 5,000 skilled union ironworkers who make up the area covered by IMPACT Region VI. These men and women help form the backbone of what the Iron Workers Union, its Signatory Contractor Associations and IMPACT are doing to reinforce the construction industry’s future.

- IMAGE CAPTION: Working together union Iron Workers and big crane specialists signatory to the union are doing the heavy lifts for key Gulf Coast refineries and industrial plants. Photo: Archive/Deep South Crane and Rigging.

Media Contact:
Marvin L. Ragsdale, President
Iron Workers District Council of Texas and the Mid-South States
Labor Co-Chair, IMPACT Region VI
Phone: 512.868.5596
mragsdale@ironworkerstxmidsouth.com.

NEWS SOURCE: Iron Workers Union :: This press release was issued on behalf of the news source by Send2Press(R) Newswire, a service of Neotrope(R). View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .


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Green Mountain Energy Company selects Cogent Software to manage Sales Commissions

DALLAS, Texas, May 7, 2012 (SEND2PRESS NEWSWIRE) — Cogent Technology Group, Inc. announced today that the Commercial Services Division of Green Mountain Energy Company has expanded their use of Cogent’s Sales Commission Manager (SCM) software product to provide a means of managing the residual sales commissions that flow as ongoing streams of compensation to their independent brokers and sales agents for completed energy-service contracts. Cogent’s SCM software will be used by Green Mountain’s Commercial Services Division in Texas, New York and other markets as Green Mountain expands into them.

Green Mountain is a pioneer in the renewable energy space, operating as the nation’s longest serving provider of green power and the first retail electric provider in Texas to offer renewable energy. The company’s Commercial Services Division wanted a turn-key approach to accurately calculating and recording commission amounts that are payable to their brokers and sales agents and are based on the customer’s energy usage over time. With Cogent’s SCM software running on their internal network, Green Mountain expects to proactively manage the variability of the commission compensation function.

Cogent’s SCM solution is available both as a leased product and as a software service which is hosted in their Atlanta data center. The full-featured SCM product, which offers a wide range of capabilities and an easy-to-use interface, bolts onto the energy marketer’s CIS/Billing data source and calculates commissions as the underlying energy-usage changes. SCM manages the commission function regardless of the frequency of commissioning events or the complexity of the commission methods.

“We find Cogent’s Sales Commission Manager to be a flexible, cost-effective and robust solution that can accommodate our many needs and we look forward to continued utilization of the system as our company expands into new markets.” said Les Montgomery, Vice President of Retail Energy Operations for the Commercial Services Division of Green Mountain Energy Company.

About Cogent Technology Group:
Cogent Technology Group specializes in custom software and software consulting services for market participants operating in the deregulated energy industry. Cogent’s software professionals have the experience needed to help energy marketers and wholesalers navigate the challenges of the industry by providing cost-effective solutions that reduce operating expenses and increase organizational efficiency.

In addition to Sales Commission Manager, Cogent currently offers an Energy Marketer Data Reconciliation System software product for validating ERCOT SCR727 settlement data against billing data; a Data Flow Manager software product for managing the download of B2B data; and their SalesScape Sales Automation component suite for automating the pricing of sales quotes and the creation of retail energy service contracts. For more information, visit http://www.ctginc.biz .

About Green Mountain Energy Company:
Green Mountain, the nation’s leading competitive retail provider of cleaner energy and carbon offset solutions, was founded in 1997 to “change the way power is made.” The company is the longest serving green power marketer in the U.S. Green Mountain offers consumers and businesses the choice of cleaner electricity products from renewable sources, such as wind, as well as a variety of carbon offset products.

One of Green Mountain’s largest customers is the “world’s most famous office building,” the Empire State Building in New York City. Green Mountain customers have collectively helped avoid over 19.4 billion pounds of CO2 emissions. As a wholly owned subsidiary of NRG Energy (NYSE:NRG), Green Mountain is backed by one of the nation’s largest renewable power producers. For more information, visit http://www.GreenMountain.com .

News Source: Cogent Technology Group, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .


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Lightway Solar America Expands Supply Agreement with G&S Solar to Thirty-Four Megawatts

ISELIN, N.J., March 19, 2012 (SEND2PRESS NEWSWIRE) — Lightway Solar America, Inc. (“Lightway”), the U.S. subsidiary of Lightway Green New Energy Co., Ltd., announced the execution of a Supply Agreement with G&S Solar (“G&S”) to provide thirty-four megawatts (34 MW) of multicrystalline solar modules. The Agreement requires G&S to purchase over 122,000 panels from Lightway within a one year period. Deliveries had already commenced in December of 2011 as part of an eight megawatt (8 MW) contract that has now been expanded to a total of thirty-four megawatts (34 MW).

Lightway opened their U.S. office in Iselin, New Jersey during the end of 2010 and has captured significant market share through the implementation of aggressive strategies that include the development of a bankable product, technological innovation, and a variety of financial solutions for their downstream customers. During Q4 2011, Lightway executed over 100 MW of Supply Agreements to be delivered throughout the U.S. market during the period of 2012.

Wei Qiang, CEO of Lightway Green New Energy, said, “The future success of Lightway will depend on our ability to develop long term relationships with project developers that have the capability to excel in a market that is dominated by third party financing. We are confident that G&S Solar has an investment strategy that allows them to remain financially aggressive and we are pleased to begin this new partnership that will solidify our eastern seaboard footprint.”

Gregg Wasser, Owner of G&S Solar, said, “In today’s economic environment, it was essential for G&S Solar to find a module supplier that not only met our criteria of bankability, quality and financial strength, but was also willing to become a true long term financing partner. We feel that our partnership with Lightway is a critical component of our growth strategy as we evolve into a new era of the solar industry.”

About Lightway Green New Energy Co., Ltd.:
Lightway Green New Energy is world class, vertically integrated solar panel manufacturer with 400 MW of balanced, production capacity that incorporates ingot, wafer, cell and module manufacturing. The manufacturing plant is located in a futuristic Science & Technology Park based in Gaobeidian, China that spans 2.3M square feet and is the home to over 5,000 employees. With a strong financial portfolio and the support of their strategic partnerships, Lightway will continue to expand and plans to reach 600 MW in 2013 and 1500 MW in 2014. One of the strategic markets for Lightway is the development of the U.S. region through their subsidiary, Lightway Solar America, Inc. which has a sales office in New Jersey and warehouses on both the east and west coast. For more information, go to http://www.lightwaysolarusa.com .

About G&S Solar:
G&S Solar is a PV developer and has constructed over 30MW of project since inception. G&S Solar is an affiliate of G&S Investors, which develops, leases and manages income-producing properties in the tri-state area. Founded in 1982, G&S is known in the industry for its creativity in solving development problems, particularly in sites deemed unworkable due to physical, economic and political complexities and for achieving the highest possible return on its investment. The company’s success is based upon identifying opportunities and applying solid economic forecasting, with sensitivity to political realities and retail trends. G&S has successfully executed every project it has initiated. This record has been achieved by fostering close and flexible relationships with financial institutions, local government and community groups involved in every project. For more information, please go to http://www.gssolarinstallers.com .

News Source: Lightway Solar America, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .


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China Sunergy adopts PowerGuard’s PowerClip Warranty Solution

PowerGuard Specialty Insurance ServicesIRVINE, Calif., March 13, 2012 (SEND2PRESS NEWSWIRE) — PowerGuard Specialty Insurance Services announced today that China Sunergy Co. Ltd. (China Sunergy – NASDAQ:CSUN), a specialized solar cell and module manufacturer, has joined the growing number of solar energy providers globally to adopt PowerGuard’s unique PowerClip extended warranty protection.

China Sunergy manufactures and delivers high performance solar cell and module products globally. As one of the earliest solar cell manufacturers in China, China Sunergy began operations in August 2004 and was publicly listed on the NASDAQ exchange in 2007. Known for leading-edge technology in the photo-voltaic (PV) industry, China Sunergy has grown rapidly over the past several years. Their products have been extensively applied in the communication and urban construction fields around the world.

A specialty renewable energy program manager based in the United States, PowerGuard provides an innovative 25-year, non-cancellable quality and performance guarantee solution to back up a manufacturer’s own warranty terms.

The insurance solution, conceived and managed by PowerGuard, offers back-to-back coverage for a 10-year materials and workmanship warranty. Additionally, it offers a linear power performance guarantee over a 25-year period for panels sold by China Sunergy and covered by the warranty.

Guaranteeing warranty terms through the use of insurance provides the certainty manufacturers and their customers seek, as well as long-term stability for the industry.

Mr. Stephen Cai, CEO of China Sunergy, said, “Adoption of this warranty insurance solution showcases our dedication to providing customers more security and confidence in our products’ reliable quality and high performance. This will further strengthen our brand advantage and help enlarge China Sunergy’s customer base.”

“PowerGuard is very proud that our innovative PowerClip warranty solution has become the ‘gold standard’ for leading solar energy producers around the world,” said Mike McMullen, Managing Principal of PowerGuard. “PowerGuard will continue to support the development and success of the global renewable energy industry with unique, industry-leading products and services.”

The PowerGuard solution provides certainty and security and its warranty terms are non-cancellable and will survive even insolvency and bankruptcy. Also offered are third-party rights to the policy in case the original solar manufacturer goes out of business. These rights are backed by the capital strength of the insurance market.

Contact:
Mike McMullen
949.224.1325
mmcmullen@powerguardins.com.

About PowerGuard Specialty Insurance Services:
PowerGuard is a specialty renewable energy program manager specializing in the design and underwriting of unique insurance and risk management solutions for wind, solar and other alternative energy companies.

PowerGuard’s PowerClip warranty product is the most comprehensive contractual liability coverage available to renewable energy manufactures, project developers, power generation operators and the financial institutions who invest in them.

PowerGuard’s PowerWrap Solar Project Guarantee Policy is a simple and straightforward insurance policy that guarantees the performance of the entire solar energy system – written on investment grade paper with an insurance company holding an AA- rating from Standard & Poor’s. For more information please visit http://www.powerguardins.com .

About China Sunergy:
China Sunergy Co., Ltd. (NASDAQ:CSUN) is a specialized manufacturer of solar cell and module products in China. China Sunergy manufactures solar cells from silicon wafers, which utilize crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect, and assembles solar cells into solar modules. China Sunergy sells these solar products to Chinese and overseas module manufacturers, system integrators, and solar power systems for use in various markets. For more information, please visit our website at http://www.chinasunergy.com .

Investor and Media Contacts:
China Sunergy Co., Ltd.
Elaine Li
Phone: + 86 25 5276 6696
Email: Elaine.li@chinasunergy.com.

Brunswick Group:
Hong Kong
Ginny Wilmerding
Phone: + 852 3512 5000
Email: csun@brunswickgroup.com.

Hong Kong
Xiaoxiao Nina Zhan
Phone: + 852 3512 5000
Email: csun@brunswickgroup.com.

News Source: PowerGuard Specialty Insurance Services :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .


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Hilton Brown named as Vice President of Claims Management for PowerGuard

PowerGuard Specialty Insurance ServicesIRVINE, Calif., March 5, 2012 (SEND2PRESS NEWSWIRE) — PowerGuard Specialty Insurance Services announced today the addition of Hilton Brown as Vice President of Claims Management. Specializing in claims management and client advocacy, Brown brings 22 years of experience to the PowerGuard team.

Brown will significantly expand PowerGuard’s claims management capabilities, allowing the company to provide a new level of excellence in customer care. Brown will oversee claims review, audits, and management plus the development of new protocol for manufacturers, client care and service, and client advocacy.

“We are very excited to have another professional of Hilton’s caliber join the PowerGuard team,” states founding principal, Mike McMullen, “The choice to increase our focus on claims management is both an investment in our clients and the renewable sector. We feel Hilton is highly qualified to bring innovative, custom solutions to both.”

Before joining PowerGuard, Brown spent nine years with Marsh, Inc., located in Los Angeles, Calif., starting as an associate consultant and progressing to the position of vice president. Brown managed client advocacy, negotiations with insurers and adjusters, vendor relations, settlement support, and claims oversight for general liability and property loss throughout Marsh’s entire western region.

“The PowerGuard model is based on innovation and an outstanding standard of client care. They are truly setting new standards in the renewable sector,” notes Brown. “I’m thrilled to be able to lend my knowledge of claims management and advocacy to this field.”

Brown is a graduate of Santa Ana College where he obtained an Associates of Arts in Liberal Arts. Additionally, he holds an Associate in Risk Management certification and a current California Fire & Casualty license.

Brown is an officer of Toastmasters International, Inc., and is recognized by the organization as a “Competent Communicator.”

Hilton Brown can be contacted at:
PowerGuard Specialty Insurance Services
Phone: 949-943-0553
Email: hbrown@powerguardins.com.

About PowerGuard Specialty Insurance Services:
PowerGuard is a specialty renewable energy program manager specializing in the design and underwriting of unique insurance and risk management solutions for wind, solar and other alternative energy companies.

PowerGuard’s PowerClip warranty product is the most comprehensive contractual liability coverage available to renewable energy manufactures, project developers, power generation operators and the financial institutions who invest in them.

PowerGuard’s PowerWrap Solar Project Guarantee Policy is a simple and straightforward insurance policy that guarantees the performance of the entire solar energy system – written on investment grade paper with an insurance company holding an AA- rating from Standard & Poor’s. For more information please visit http://www.powerguardins.com .

News Source: PowerGuard Specialty Insurance Services :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .


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