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UAB „Atsinaujinančios energetikos investicijos“ publishes audited consolidated and separate annual financial statements for 2024
Globenewswire· 2025-04-16 11:14
Financial Performance - As of December 31, 2024, the Company's total assets were EUR 189,795 thousand, total equity was EUR 100,476 thousand, and total liabilities were EUR 89,319 thousand [3] - The Company's investment assets at fair value through profit or loss were EUR 159,902 thousand, a decrease of EUR 20,158 thousand or 11.20% compared to December 31, 2023, primarily due to lower electricity price forecasts affecting the valuation of solar assets in Poland [3] - The Company reported a comprehensive loss of EUR 14,824 thousand for the year, mainly due to negative fair value changes in the investment portfolio [3] Operational Developments - In December 2024, the Company divested its 65.5 MW operating solar portfolio in Poland, marking its first significant exit in its core portfolio [3] - The construction of a 67.8 MW capacity portfolio for PV Energy Projects sp. z o.o. is nearing completion, with 44.8 MW operational and a Commercial Operation Date anticipated for September 2025 [3] - The PL SUN sp. z o.o. portfolio, totaling 114.7 MW, is progressing through two phases, with the first phase of 66.6 MW substantially completed and energization expected for the remaining capacity by the second quarter of 2025 [3] Project Developments - The Company holds a 25% stake in UAB Žaliosios investicijos, managing a 185.5 MW wind portfolio, with energy production licenses for the Anykščiai wind farm secured and others anticipated in 2025 [3] - A development permit for a hybrid power plant with 100 MW of wind and 70 MW of solar has been granted, with the technical design project submitted for coordination [3] - The Company has submitted a grid connection technical project for a 70 MW solar PV project, marking significant progress in its development [3] Shareholder Meeting - A shareholders' meeting is scheduled for April 30, 2025, to vote on the approval of the 2024 financial statements and consider profit distribution proposals [4] - The proposed profit allocation indicates retained earnings at the end of the financial year for 2024 will be EUR 16,376 thousand, with no dividends proposed for the current year [4]
Boralex will release its 2025 first quarter financial results on May 14
Globenewswire· 2025-04-15 12:30
MONTREAL, April 15, 2025 (GLOBE NEWSWIRE) -- Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) announces that the release of the 2025 first quarter results will take place on Wednesday, May 14, 2025, at 9:30 a.m. Financial analysts and investors are invited to attend a conference call during which the financial results will be presented. Date and time Wednesday, May 14, 2025, at 9:30 a.m. ET To attend the conference Webcast link: https://edge.media-server.com/mmc/p/3nwdfvm2To attend the event by phone: C ...
Enlight Raises a Total of $1.5 Billion in Project Finance Following its Third U.S. Financial Close Within Four Months
Globenewswire· 2025-04-14 10:15
The financial close for Quail Ranch includes $243 million of construction loans; COD is expected towards the end of 2025 Enlight’s three U.S. projects now under construction have a combined capacity of 1.4 FGW and are projected to generate total annual revenues of $135-140 million TEL AVIV, Israel, April 14, 2025 (GLOBE NEWSWIRE) -- Enlight Renewable Energy Ltd. (“Enlight”, “the Company”, NASDAQ: ENLT, TASE: ENLT.TA), a leading global renewable energy platform, announces the financial close for project Quai ...
Caledonia completes sale of Solar Plant
Newsfilter· 2025-04-14 06:00
Core Viewpoint - Caledonia Mining Corporation has successfully completed the sale of its solar plant in Zimbabwe for $22.35 million, allowing the company to strengthen its cash position and focus on its core gold mining operations [1][5][6]. Financial Summary - The sale of the solar plant was finalized on April 11, 2025, with a pre-tax cash consideration of $22.35 million [1]. - Prior to the sale, Caledonia's consolidated net debt was $3.8 million, down from $8.7 million at the end of 2024. After the sale, the pro forma consolidated net cash balance is projected to be $18.6 million [4]. Operational Impact - The solar plant, which has been operational since February 2023, has generated over 57,722 MWh of power and will continue to supply energy to Blanket Mine under an exclusive power purchase agreement [3][6]. - The sale aligns with Caledonia's strategy to focus on gold mining while ensuring that Blanket Mine retains access to renewable energy, meeting approximately 20% of its daily electricity needs [2][6]. Strategic Context - The decision to sell the solar plant was made following a competitive bidding process, allowing Caledonia to reallocate capital towards growth initiatives in its core business [2]. - The construction of the solar plant was initially financed through a share offering that raised $13 million in 2020 [3].
Comstock to Present at the Planet MicroCap Showcase: VEGAS in partnership with MicroCapClub on Wednesday, April 23, 2025 & 1x1 Meetings on Thursday, April 24, 2025
Globenewswire· 2025-04-10 10:30
VIRGINIA CITY, Nev., April 10, 2025 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock,” “our” and the “Company”), today announced that Corrado De Gasperis, Executive Chairman and CEO of Comstock, will be presenting at the Planet MicroCap Showcase: VEGAS 2025 in partnership with MicroCapClub on Wednesday, April 23, 2025, at 8:00 AM Pacific Time. To access the live presentation, please use the following information: Planet MicroCap Showcase: VEGAS 2025 in partnership with MicroCapClubDate: Wednesday, ...
Comstock to Present at the Planet MicroCap Showcase: VEGAS in partnership with MicroCapClub on Wednesday, April 23, 2025 & 1x1 Meetings on Thursday, April 24, 2025
Newsfilter· 2025-04-10 10:30
Company Overview - Comstock Inc. (NYSE:LODE) focuses on innovating and commercializing technologies for energy abundance by efficiently extracting and converting under-utilized natural resources into renewable fuels and recovered electrification metals [3] - The company is also developing artificial intelligence technologies for advanced materials development and sustainable mining [3] Event Announcement - Corrado De Gasperis, Executive Chairman and CEO of Comstock, will present at the Planet MicroCap Showcase: VEGAS 2025 on April 23, 2025, at 8:00 AM Pacific Time [1] - The presentation will be accessible via a live webcast [1] Investor Engagement - For those unable to attend the live presentation, all company presentations will be available on the conference event platform [2] - Investors can register for the event and book one-on-one meetings with Comstock Inc. [2]
New Energy Equity Announces Leadership Transition: Josh Kunkel to Succeed Matt Hankey as CEO
Prnewswire· 2025-04-09 20:30
Company Leadership Transition - New Energy Equity announced the promotion of Josh Kunkel to Chief Executive Officer effective June 1, 2025, as part of a planned transition [1] - Matt Hankey, the co-founder and current CEO, will take on a new role as Emerging Technologies Officer at ALLETE while remaining on the New Energy Equity Board of Directors [1][2] Company Growth and Achievements - Under Matt Hankey's leadership, New Energy Equity has grown to over 125 employees and has implemented over 270 solar projects across the United States, totaling 600MW and more than $1.5 billion in project investment [2] - The company focuses on developing, financing, operating, and managing solar power generation assets, providing clean electricity to various customers under long-term contracts [4] Future Outlook - Josh Kunkel expressed confidence in leading the company into its next phase of growth, emphasizing the strong foundation built by Hankey and the team [2][3] - ALLETE CEO Bethany Owen highlighted Kunkel's results-driven leadership and commitment to the company's culture and mission, indicating a positive outlook for New Energy Equity's future in the renewable energy industry [3]
Data Center Expert Jonathan Martone Retained by SolarBank Corporation to Power Strategic Expansion
Prnewswire· 2025-04-09 12:30
TORONTO, April 9, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is pleased to announce that it has retained Martone Advisors LLC and its principal, Jonathan Martone, as an advisor to the Company on its previously disclosed planned expansion into the data center market. Mr. Martone has held various leadership roles in the data center and telecommunications industries for over 25 years. Throughout his career, Martone has been instrumental in ...
Orrön Energy publishes it’s Annual and Sustainability Report for 2024
Globenewswire· 2025-04-09 07:00
Orrön Energy AB (“Orrön Energy”) is pleased to announce the publication of it’s Annual and Sustainability Report for 2024 and encourages shareholders to read or download the report on Orrön Energy’s website, www.orron.com. For shareholders who would like to receive a printed copy of the Annual and Sustainability Report 2024, this can be requested on Orrön Energy’s website or by telephone on +46 8 440 54 50. For further information, please contact: Robert ErikssonCorporate Affairs and Investor RelationsTel: ...
N2OFF Announces Potential to Maximize Investment Opportunity Following New Regulation in Germany
Globenewswire· 2025-04-08 10:04
New German regulation, Section 8a of the Renewable Energy Sources Act – EEG, allows expanded use of grid infrastructure, enabling high-value battery storage addition to flagship renewable energy site Neve Yarak, Israel, April 08, 2025 (GLOBE NEWSWIRE) -- N2OFF, Inc.\ (NASDAQ: NITO) (FSE:80W) (“N2OFF” and the “Company”), a clean tech company engaged in sustainable solutions for energy and innovation in the agri- tech sector, today announced potential plans to invest an additional €25,000, in addition to prio ...