Saturday, February 27, 2021

3 Solar Stocks that Have Doubled in 2020 and Still Have More Upside Potential

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For the first time ever, in April 2019, renewable energy outpaced coal by providing 23% of US power generation, compared to coal’s 20% share.

Many people believed that a Democrate win will be a huge victory for the renewable energy industry. In fact, the executive director of the International Energy Agency (IEA) , Dr. Fatih Birol, recently said that solar has become “the new king of electricity.”

With solar powered products becoming even more affordable, and an ever-increasing number of people adopting it to fulfill their daily needs, solar power stocks do present a viable investment instrument.

Currently, solar energy investors have an incredible opportunity to invest in stable yet powerful solar companies, who are prepared to reach their full market potential. With a potential market capitalisation of trillions of dollars, and one of the highest growth rates among all sectors, patient investors can prosper in the long term by initiating positions in solar power-oriented stocks

In its last press release, TGI Solar Power Group, Inc. (OTC: TSPG) announced the expansion into cutting-edge energy storage and energy management systems. With this comes the creation of a new division for community solar, a new product line and an addition to their impressive management and technical team.

The Community Solar Renewables (CSR) division of TGI Solar Power GROUP is a full-service community solar developer that designs, builds, owns, and operates community solar developments. The CSR process includes first locating a host site to lease over the term of the agreement, generally 30 years. Then they secure the necessary financing, permits, and insurance to construct the community solar project.

Typically, the CSR would work with a Subscriber Management Organization (SMO) to acquire subscribers and manage subscriptions. Subscribers lease panel increments of solar power (kW) or electricity (kWh). The utility provides billing credits to the CSR’s subscribers for their share of the electricity generated from the community solar array. They then continue to operate and maintain the system on a perpetual basis. The CSR Division of TGI Solar Power Group’s mission is to develop community-based clean energy projects alongside communities who spend a disproportionate amount of income on their electricity bill.

The Benefits of Solar Projects/Shared Renewables Nationwide

There are 40 states with at least one community solar project on-line, with 2,056 cumulative megawatts installed through 2019. At least 19 states and D.C. have recognized the benefits of shared renewables by encouraging their growth through policy and programs. The next five years will see the U.S. community solar market add as much as 3.4 gigawatts (GW). 3.4 GW will be able to power roughly 650,000 homes. Community solar facilities are usually less than five megawatts (MW) of electrical capacity and vary in the number of acres affected. Unlike residential housing and commercial development on a sold-off farm parcel, community solar installations are generally on leased land, and well-designed systems can be returned to their original state.

TGI Solar Power continues to make significant progress in the industry and with its manufacturing partners in gearing up for the production of storage for on-grid and off-grid solar battery backup systems for home battery storage, solar battery backup and solar energy storage. Some battery storage systems are designed to use your existing grid-tied solar system as an inverter/charger battery backup system during emergency power outages with auto generator assist available. TGI’s primary goal is to develop its own brand of underlying products and have its own assembly plant to take advantage of the high demand for storage tech and batteries.

TGI recently announced signing an agreement with Lucent Energy Management. The Executives of both TGI and Lucent are creating defined commercial and residential growth plans to take advantage of the strong renewable energy industry in 2020 and 2021, as well as working on budgets of expansion and project financing. Management will also be pursuing additional acquisitions or business combination opportunities. Renewable energy markets are evolving rapidly and TGI intends to take advantage of opportunities to increase shareholders values. TGI also intends to develop its own sales force for marketing solar and storage tech products and services.

Solar Integrated Roofing Corp. (OTC:SIRC), an integrated, single-source solar power, HVAC and roofing systems installation company, announced last week the signing of an agreement with Solectrac, Inc, an electric tractor developer and manufacturer located in Northern California and an applicant for a $500,000,000 USTDA grant.

Solar Integrated Roofing will provide solar panels, electric storage, and other power devices along with installation services to Solectrac’s existing customers and grant projects where applicable. This agreement also includes future clients’ customers and grants.

The $75B global agricultural tractor market is largely supplied by diesel-powered equipment. The continual global demand to reduce pollution with sustainable electric vehicles has propelled the electric-powered tractor market to the forefront of agricultural development, efficiency, and sales. Solectrac already has a 30 HP-equivalent compact electric tractor (CET) and a 40 HP-equivalent eUtility in the largest segment, the under 40 HP category, and is developing a 70 HP-equivalent utility model and a 40 HP row crop model, further expanding their market opportunities.

“The growth in the global agricultural market for alternatively powered tractors is growing exponentially as can be seen just by the increased interest in our products. Signing an agreement with Solar Integrated Roofing provides us with a sustainable, efficient, and off-grid electrical system to power our tractors. We’ll now be able to supply complete systems across the globe, regardless of the power grid connectivity or lack thereof, while reducing the equipment costs for our clients,” commented Steve Heckeroth, CEO of Solectrac, Inc.

Canadian Solar Inc. (NASDAQ: CSIQ), one of the world’s largest solar power companies, announced that it recently signed a power purchase agreement (“PPA”) with BTG Pactual (“BTG”, B3: BPAC11) and that it was awarded with two projects in a private auction by Furnas Centrais Elétricas (“Furnas”) for a total of 862 MWp in solar power projects in Brazil.

For the 12-year PPA with BTG, Canadian Solar will supply solar energy from a 170 MWp cluster of projects located in the State of Minas Gerais. The projects will start construction in 2021 and are expected to achieve commercial operation by the end of 2022. BTG is one of the main investment banks in Latin America and runs one of the largest energy trading businesses in Brazil.

Furnas will purchase solar energy from two Canadian Solar projects through a 15-year PPA. Canadian Solar will develop and build both Furnas projects totalling 692 MWp. One of them, will be located in the State of Ceará and will have a capacity of 260 MWp. The second project is located in the State of Piuaí and will have a capacity of 432 MWp. Both projects will start construction in 2022 and are expected to reach commercial operation by the end of 2023.

Furnas is a majority-controlled subsidiary of Centrais Elétricas Brasileiras S.A. – Eletrobras (“Eletrobras”,NYSE: EBR). Furnas’ business is mainly in energy generation, transmission and sales. It operates in 16 Brazilian states and is the owner of 21 hydro plants, 2 thermal plants, 1 wind farm and 30,000 kilometers of transmission lines.

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