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Isofoton enters F1 visor sponsorship deal with Mercedes AMG Petronas

Mercedes AMG Petronas has, on the day it launches its new F1 W03 car, revealed that is has partnered up with Spanish PV cell manufacturer Isofoton for a strategic partnership deal. The agreement will see Isofoton’s branding appear on the helmet visors of Mercedes drivers Michael Schumacher and Nico Rosberg, and is the latest in a spate of sporting sponsorships being entered into by solar PV companies over the past two years.

 

“This strategic partnership between ISOFOTON and the MERCEDES AMG PETRONAS Formula One Team was formed through values shared by both organisations; a commitment to high quality, cutting-edge technology, and environmental sustainability,” commented Ángel Luis Serrano, president of Isofoton.

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Japan’s generous solar FIT 'will open door to foreign firms'

Japan’s generous new PV feed-in tariff (FIT) — to be formally adopted by the government as early as next week — is likely to prove more durable and open to foreign companies than many pessimists assume, according to experts. Tokyo is expected to embrace the proposals put forward by a steering committee in April, offering PV system owners ¥42 ($0.53) per kWh from July — and slightly less for other renewables ­technologies.        Japan’s new solar FIT will be among the highest in the world, uncapped, and good for 20 years at systems larger than 10kW.

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Japan’s Tariff a Boon for Solar Energy

In a recent Penny Stock Detectives article, editor Danny Esposito points out that after the Fukushima disaster, Japan has been looking to replace much of its nuclear energy with other green energy alternatives. Esposito notes that beginning this July, Japan has made it clear that solar energy is being made a priority through a generous tariff.

“The Industry Minister of Japan set a premium price for solar energy at three times the rate of conventional power, meaning companies will be paid three times the regular rate for conventional power if they provide green energy, which can only benefit any solar investment,” observes Esposito.

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Latest from Government on 'green taxes' review

A number of you have been in touch to ask for more details on the assurances we have received from Government that renewables support schemes will not be affected by the Government’s ‘green taxes’ review.

 

Our CEO Nina spoke with DECC on Wednesday afternoon and was assured that they would not be affected. However, having had continued queries from members, we have requested written reassurance, which we have pasted below. DECC have agreed that we can share this with members, and we have also asked them to put this statement up on their website, which they are working on:

 

“The Government is looking at how to get people’s energy bills as low as possible to help hard-pressed families. We’ve already increased competition, brought new players in to the market to offer consumers real choice and the most vulnerable are getting direct help with their bills this winter. We’ll continue this work to make sure consumers are getting a good deal.

“No one is talking about changing investment incentives for renewables, such as the Renewables Obligation, Contracts for Difference and feed in tariffs, which are essential for investor confidence in the renewables sector and our commitments to a low-carbon economy. Between now and 2020, the support we give to low carbon electricity will increase year-on-year to £7.6 billion – a tripling of the support for renewable energy.”

 

It has been mooted in the press that funding could move however from levies to general taxation, but this should not affect the functioning of the schemes. Press reports and comments from Ministers, including Treasury Minister Danny Alexander, strongly suggest that the outcome of the ‘green taxes’ review will be announced by Chancellor George Osborne in the Autumn Statement on 4th December.

 

To view the full range of energy and climate change policies funded by levies on energy bills and their current typical costs, please see p. 78 of this document: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/172923/130326_-_Price_and_Bill_Impacts_Report_Final.pdf

 

Kind regards,

 

Paul Thompson

Head of Policy

 

 

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Logical Energy exhibit at Renewable Energy Marketplace Exeter

With the advent of the Feed-in Tariff and the Renewable Heat Incentive, the government’s new financial incentives for smaller-scale renewable energy installations, there has never been a better time to install these sustainable, clean and profitable technologies.

Regen SW is organising this major new event to bring together the construction sector, the tourism industry, farmers and landowners, local authorities and housing associations with the south west’s sustainable energy sector to understand the opportunities and develop new business.

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