FOR IMMEDIATE RELEASE
Media Contact: Michele Rooney Seminole Financial Services [email protected] 727.331.8456
Seminole Financial Services, LLC Provides Financing for Nine Cape Cod and Martha’s Vineyard Solar Projects
Belleair Bluffs, FL (March 24, 2014) – Seminole Financial Services (“Seminole”) continues to establish itself as a national leader in Renewable Energy lending by closing on nine solar projects for the solar developer, Clean Focus Corporation. Construction lending for these projects totals over $59 million with another $29 million in permanent debt financing.
The nine ground-mounted solar facilities are located throughout Cape Cod and Martha’s Vineyard, Massachusetts and range in size from 587kW to 5.91MW, for a combined capacity of 22MW. American Capital Energy (ACE) is providing the EPC work. Seven of the nine systems are located on “brownfield” closed landfills. Combined annual energy production is expected to generate over 28 million kilowatt-hours of electricity per year. All will deliver clean solar energy to the Cape and Vineyard Electric Cooperative (“CVEC”) or to the Town of Dennis, and each town will realize power savings by purchasing the Net Metering Credits issued by the local utility, NSTAR, for their individual use.
“The decommissioned landfills present a unique opportunity for solar systems, making good use of land that was previously a cost burden,” said Seminole Senior Vice President, Chris Diaz. “Seminole is proud to contribute to such groundbreaking and economically viable solar energy projects to benefit local municipalities. This approach by the Cape and Vineyard Electric Cooperative represents a forward-thinking initiative by Clean Focus and continues the advancement of solar power in Massachusetts.”
“By financing the largest portfolio of solar projects on landfills in the United States, we are demonstrating that investors and lenders are willing to put large amounts of capital behind distributed solar projects, even with the complexities of financing brownfield risks, SRECs, and various structuring and legal issues. This portfolio financing required significant problem solving and our partners at Seminole and ACE were critical to solving those problems,” offered Stanley Chin, President & CEO of Clean Focus.
Since 2009, Seminole has closed over 144MW totaling nearly $460 million in construction financing and permanent debt financing for solar and wind transactions. Seminole focuses on wind and solar transactions between $2 million and $30 million for a term of 12 months or less. In 2011 Seminole began a pilot permanent financing program for select Renewable Energy transactions. For more information about Seminole Financial Services’ renewable energy financing, please contact Chris Diaz, Senior Vice President, at (727) 460-0578.
About Seminole Financial Services, LLC Seminole Financial Services (SFS) originates debt and equity real estate investments throughout the country for institutional investors. SFS has demonstrated the ability to respond to changing markets and, in addition to traditional commercial real estate, has become a national leader in providing construction/interim and permanent debt financing for below utility scale renewable energy projects. Transactions are generally between $2 and $30 million in value.
SFS, based in Belleair Bluffs, Florida, is the operating entity of six companies that collectively make up the Seminole Companies. SFS is responsible for originating, underwriting, servicing and providing asset management for the debt and equity investments originated for institutional investors managed by sister company Seminole Advisory Services, LLC (SAS). SAS is a registered investment advisor with the SEC and presently has several hundred million dollars in assets under management. Information is available at http://www.SeminoleFinancialServices.com.
About Clean Focus Corporation Clean Focus Corporation develops, finances, owns, and operates large commercial, small utility, and municipal solar power installations across the United States and selectively throughout the Americas. Clean Focus fosters strategic partnerships with early stage developers and EPCs to achieve project-specific goals. Clean Focus provides flexible financing (long-term PPAs or leases) to accommodate a wide range of sites and offtakers and to satisfy complex stakeholder relationships. Founded in 2008 and headquartered in Silicon Valley, Clean Focus delivers reliable and highly competitive financing solutions for solar power projects.www.cleanfocus.us
According to a new market report published by Transparency Market Research “Organic Solar Cell Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020,” global organic solar cell market was worth USD 25,518.6 Thousand in 2013 and is expected to reach USD 97,412.1 Thousand in 2020, growing at a CAGR of 21.2% from 2014 to 2020.
Wide applications for organic solar cells coupled with superior flexibility and coloring ability as compared to inorganic solar cells chiefly due to better customizing ability are the two key factors attributing to the growth of organic solar cell market. The organic solar cells are utilized substantially in the areas wherein design and flexibility are prioritized over the solar cell efficiencies. The joint efforts from various companies and research institutes have aided the cause by improving the efficiency and durability of the organic solar cells.
Demand for organic PV is accelerated by growing application in Building Integrated Organic Photovoltaic (BIPV) that employs organic materials solar cells to convert the solar energy into electric energy. Besides, Building Integrated Organic Photovoltaic (BIPV) applications the organic solar cells are also used in areas where small amount energy is required for the functioning of the devices. BIPV application segment is likely to grow at a CAGR of 24.4% from 2014 to 2020 in terms of volume owing to growing awareness of solar PV technologies and several governmental incentive schemes. The market is bolstered with increased number of buildings deploying BIPV applications for energy conversion.
The global organic solar cell market was dominated by Europe in 2013, accounting for more than 35% of the overall market in 2013. The North American region followed the European region, accounting for more than 28% market share in 2013. The presence of leading organic solar cell manufacturing companies such as Heliatek GmbH, Disa Solar and BELECTRIC OPV GmbH are major reasons for the development of organic solar cell market in Europe. The market is further driven by the government support to the companies and research institutes through funding and tax benefits. European organic solar cell market is estimated to reach USD 35,779.5 thousands by 2020, while North American market is expected to grow at a CAGR of 28.65% from 2014 to 2020 in terms of volume. Key participants in this market include Heliatek GmbH, Solarmer Energy, Inc., BELECTRIC OPV GmbH, Sumitomo Chemical Co., Ltd., Disa Solar, New Energy Technologies, Inc. and Mitsubishi Chemical Corporation. Heliatek GmbH dominated organic solar cell market in 2012 owing to their superior technology and collaborations with leading companies across the value chain. The report provides an overview of these companies followed by their financial revenue, business strategies, and recent developments.
This research analyzes and estimates the performance and market of organic solar cells market in the global scenario, providing detailed trend analysis of the market by geography and comprehensive analysis of companies that are dealing in organic solar cells. The report presents a thorough assessment of the strategies followed by different stakeholders by segmenting the organic solar cell market as below:
Browse the full Organic Solar Cell Market by Application (Building Integrated Photovoltaic, Mobile Application, Conventional Solar and Defense Application) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020 report at http://www.transparencymarketresearch.com/organic-solar-cells.html
Organic solar cell market: Application analysis Building Integrated Photovoltaics Mobile applications (Portable devices and vehicles) Conventional solar applications Defense or military based applications Organic solar cell market: Regional analysis North America Europe Asia Pacific RoW (Rest of the World)
Request a Sample of this Report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1109
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Transparency Market Research has released a new market report titled “Heat Exchangers Market – Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2014 – 2020.” According to the report, the global heat exchanger market revenue was valued at USD 11.86 Billion in 2013 and is expected to reach USD 18.04 Billion by 2020, at a CAGR of 6.02% from 2013 through 2020.
Maximizing thermal efficiency is the primary reason behind an increased demand for heat exchangers. A heat exchanger is a piece of equipment designed and built for efficient heat transfer from one medium to another. The media may be separated by a solid wall to prevent mixing or they may be in direct contact with the materials being processed, which could harm the end product. These equipments are widely used for space heating, refrigeration, air conditioning, in power plants, chemical plants, petrochemical plants, petroleum refineries, natural gas processing plants, and sewage treatment plants. The common example of a heat exchanger is found in an internal combustion engine, in which a circulating fluid known as engine coolant flows through radiator coils and air flows past the coils, cooling the coolant and releasing the heat generated by the engine, into open air.
Rapid growth in power consumption from the industrial sector is further contributing to the rapid pace of growth for the heat exchanger market. Condensers are a crucial element of any power station. They are the interface between the water/steam cycle and the heat sink. Condenser performances have a direct impact on the power station’s output and the availability of electric power. Condensers need to meet sustained high-performance requirements, since any rise in pressure at the turbine exhaust may cause substantial power loss. This inevitable category of heat exchanger is implemented in most power generation plants across the globe. Thus, demand for heat exchangers will necessarily grow as new power stations are established.
Moreover, the fabrication costs of heat exchangers have declined as technology has progressed. Modern plate heat exchangers use pressed plates, which are less expensive than the welded plates used on earlier models. Pressed plates are also more resistant to corrosion and chemical reactions that could weaken the heat exchanger and hence require more frequent replacement. Many heat exchanges have even been modified with particular attention given to the ease of cleaning the equipment. For example, with plate heat exchangers, one can easily remove and replace plates individually rather than needing to take the whole system apart. Moreover, many modern heat exchangers are very adaptable, which makes them suited for a wide variety of tasks. Presently, heat exchangers are manufactured with a compact and efficient design, which makes them useful in mobile applications. Though early heat exchangers were often as large as a refrigerator, heat exchangers as of 2011 are as small portable heaters. Heat exchangers are also quite flexible, because the fluid used to mediate the thermal exchange can be modified as per design specifications. This is an integral factor that has a long-term impact on the operations’ cost of the process plant as well as the equipment.
This research study is designed to estimate, analyze, and forecast the global heat exchanger market. The overall market has been estimated on the basis of revenue. The research provides in-depth analysis of manufacturers and suppliers in the heat exchanger industry, which are involved in the business at various levels of the value chain. The research includes detailed analysis, historical data, and statistically refined forecast for the segments covered. On the other hand, end-user industries that use heat exchangers as a long-term backup source generally prefer to purchase new ones. As a result, market size for heat exchangers varies depending on need and preference of end-user industries.
The product type analysis for heat exchangers was estimated, keeping in mind the major construction and expansion projects planned by the governments across the globe. It was estimated that during harsh winter weather, project developers generally prefer renting heat exchangers. However, post construction, operators prefer buying new units. While conducting the study, we took into consideration the key construction projects planned till 2020 such as refineries, offshore installations, large offshore vessels, etc. However, while analyzing the market for heat exchangers, we found it feasible to do the analysis only in terms of revenue. We have considered 2013 as the base year for this study, while all forecasts have been done for 2014 to 2020. Qualitative analysis such as major planned projects and investment by oil and gas operators were considered while computing the revenue market size for heat exchangers.
Browse the full Heat Exchangers Market – Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2014 – 2020 report at http://www.transparencymarketresearch.com/heat-exchanger-market.html
This research analyzes and estimates the performance and market of heat exchanger systems in the global scenario, providing detailed trend analysis of the market by geography and comprehensive analysis of companies that are dealing in heat exchanger systems. The report presents a thorough assessment of the strategies followed by different stakeholders by segmenting the heat exchanger systems market as below: Global Heat Exchangers Market: Product Type Analysis Air Cooled Plate and Frame Shell and Tube Others (Condensers, Oil Coolers, and Radiators) Global Heat Exchangers Market: End User Industry Analysis HVAC Chemicals and Petrochemicals Power Generation thers (Food Processing, Aerospace, and Medical) Global Heat Exchangers Market: Regional Analysis North America Europe Asia Pacific Rest of the World (RoW) Request a Sample of this Report:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1302
About Us Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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