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BayWa : ECLIPS and Australian Renewable Energy Agency demonstrate its Container Roll Out Solar System

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04/14/2018 | 12:20pm CEST

Canberra based ECLIPS Engineering has developed the Container Roll-Out Solar System a rapidly deployable and relocatable photovoltaic system designed to reduce the dependence on diesel generators during military or humanitarian assistance and disaster relief operations.

CROSS is based on the companys patented Container Roll-Out Warehousing System an interconnectable, all-steel cargo-carrying platform and field warehousing system that can be rolled in and out of standard ISO shipping containers or transported on flatbed trucks or MAFI trailers.

Production-ready examples of the Container Roll-Out Solar System seen with the solar panel arrays in the raised position. These are designed to be quickly raised or lowered without specialised tools for ease of operation in austere environments. (ECLIPS)Production-ready examples of the Container Roll-Out Solar System seen with the solar panel arrays in the raised position. These are designed to be quickly raised or lowered without specialised tools for ease of operation in austere environments.

Available in 20 ft or 40 ft models (CROSS20 and CROSS40), the CROSS is a PV system that is pre-assembled and pre-wired to DC isolators and delivered to the desired location, and designed to be easily integrated to most containerised energy storage systems (ESS) comprising batteries, control interfaces, power converters, and auxiliary equipment to provide renewable off-grid power to forward-deployed forces operating in austere environments as well as first responders in a HADR intervention.

With the conclusion of a long-term Power Purchase Agreement (PPA) between the renewable energy specialist BayWa r.e. and the Norwegian energy group Statkraft, everything is now clear to progress with the swift construction of the Spanish Don Rodrigo solar plant.

The BayWa r.e. project, which will provide a total output of over 170 MWp, is located south of Seville and is one of the first solar projects of this size in Europe to be realised without any subsidies. This is made possible by a 15-year PPA that is the first of its kind in Spain. At the same time, it signals Statkrafts entry into the Spanish market as a leading European provider of PPAs.

BayWa r.e. has already started preliminary work on the project and the plant is expected to be commissioned at the end of the year. In an area covering around 265 hectares, roughly 300 GWh of solar power will be generated every year thats the equivalent to the annual consumption of approximately 93,000 average Spanish households.

Mr Benedikt Ortmann, Managing Director of BayWa r.e. Solar Projects GmbH said that Building one of the first subsidy-free solar projects of this size in Europe is a ground-breaking milestone; both for us as an international renewable energy company and also for the future of the European PV market. The fact that we can implement such a project without state funding is largely thanks to the continual improvement of system design and building costs. Matthias Taft, Board Member of BayWa AG with responsibility for the energy business adds: We are entering a new phase of energy generation: for the first time, renewable energy plants are able to generate cleaner power at the same or even lower price as conventional power plants. This also demonstrates the significant potential of new financing models in ever-changing market conditions. We are delighted to be making such an important contribution to the success of the European energy revolution.

With a portfolio of 15,000 MW, the Norwegian energy group Statkraft is one of Europes largest providers of market access for renewable energy.

Mr Hallvard Granheim, Executive Vice President Market Operations & IT at Statkraft said that With Power Purchase Agreements like the one for Don Rodrigo we are ensuring the long-term financing of new plants and are thus enabling further development of renewable energy across Europe. Statkraft is bringing together pan-European electricity producers and companies from trade and industry, and is developing new concepts that add value for both sides. Our customers benefit from our decades of experience in supplying renewable energy at long-term predictable and competitive prices.

(c) 2018 Saudi Research and Publishing Co. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (€)
Sales 2018 16 472 M
EBIT 2018 180 M
Net income 2018 53,2 M
Debt 2018 2 496 M
Yield 2018 3,24%
P/E ratio 2018 18,01
P/E ratio 2019 12,73
EV / Sales 2018 0,21x
EV / Sales 2019 0,21x
Capitalization 1 014 M
Duration : Period :
BayWa AG Technical Analysis Chart | BYW6 | DE0005194062 | 4-Traders
Technical analysis trends BAYWA AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 32,9 €
Spread / Average Target 14%
EPS Revisions
Klaus Josef Lutz Chief Executive Officer
Manfred Nüssel Chairman-Supervisory Board
Andreas Helber Chief Financial Officer
Johann Lang Member-Supervisory Board
Gunnar Metz Vice Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
BAYWA AG-10.35%1 180
KWS SAAT SE-2.99%2 496