8th Solar Energy Conference and Trade Show of Eastern Europe

CISOLAR 2019 submit new opportunities for developing solar energy in Central and Eastern Europe

On April, 16-18 in Kyiv will be held the main business event of region in solar energy field devoted to latest technology, trends and investments opportunities – CISOLAR 2019, 8^th International Solar Energy Conference and Trade Show of Central and Eastern Europe.

Today solar energy development is one of priority areas for investors in the world and Eastern Europe in particular.

As of October, 2018 in Ukraine more than 1,06 GW capacity of megawatt-type solar power station were built and by end of the year this indicator will increase to 1,2 GW.

In addition to large scale projects, the segment of small solar stations, including solar roof stations, is also rapidly developing.

Since 2015 in Ukraine more than 72 million euro has been invested in the installation of small households stations. As of June 15, 2018, the number of households equipped with solar power plants exceeded 6 031.

One of the CISOLAR 2019 key issue will be a possible change of the solar energy market model is transition from green tariff system to the auction model. It is precisely this legislative initiative is a focus of market players and investors today.

The rich business program of event will allow participants to answer industry questions of various complexity levels and information of the highest professional level.

On April, 16 a key B2B event the CISOLAR 2019 Solar Energy Conference and Trade Show will be held at the Hilton Kyiv Hotel (30 Tarasa Shevchenko Blvd.). It will be attended more than 70 speakers and 500 delegates – owners, executives, directors of influential companies, and as well as investors and entrepreneurs in the field of solar energy from more than 30 countries.

In particular, at the conference participants will discuss industry prospects, main trends and investments in solar energy projects. Presenters will share their international experience and tell about new technologies and innovative solutions for the PV sector.

An important part of the conference – CISOLAR AWARDS 2019 Ceremony, which traditionally will be chosen the best solar energy projects in Central and Eastern Europe and will be held at the first day of business event.

On April 17-18, the CISOLAR 2019, 2-days Trade Show will be held at the ACCO International Exhibition Center (40-B, Peremohy Avenue, Kyiv). A large-scale Trade Show will feature more than 100 exhibitors who will demonstrate new projects, the best technological solutions for business and home. The number of visitors is expected to be 5 000+.

The practical training’s and workshops for PV-installers have already become an integral part of event and will take place on April, 17-18. Events will be useful for property owners – private and multi-apartment buildings that have already installed solar panels, operate or plan to install. Participants will learn how to economize on green tariff and start developing own businesses.

CISOLAR is the first major business platform in Central and Eastern Europe, where participants share their experience of the most successful PV projects, discuss current issues in the solar energy field and learn about the latest trends, legal aspects, present ideas and solutions, conclude contracts, find and strengthen partnerships.

Become a member of CISOLAR 2019 and join world-renowned experts, participants in the international solar energy market, suppliers of state-of-the-art energy efficiency solutions – individuals with activities and achievements who write a new page on the development energy industry.

The future begins here!

Organizer – Innovative Businss Centre (IB Centre Europe)Register on the site:

https://2019.cis-solar.com/

https://conference.cis-solar.com/

phone number: +38 044 383 03 56

or write a letter to organizing committee on e-mail:
[email protected]

February 15, 2017

by AEA in News

Pennine signs Velca Block PSA, anticipates into Albania’s energy industry.

“Pennine” is pleased to announce that it has signed a Production Sharing Agreement (“PSA”) with Albpetrol Sh.A (“Albpetrol”) for the exploration and development of the Velca Block in Albania.

The finalized PSA contains a license agreement signed by Pennine, Albania’s Ministry of Energy and Industry, and Albpetrol, the country’s state-owned energy firm, for a six(6)-year exploratory lease-convertible to a 25-year production lease, upon discovery of oil and/or natural gas accumulations.

“This is a very exciting day for Pennine. Albania has a long history of oil and gas development dating back nearly a century, and Pennine is excited to bring its expertise to this region” says Chief Executive Officer N. Desmond Smith.

“Albania has mature energy infrastructure, established legislation and regulations, and a recent history of significant foreign investment for the development of its energy sector,” adds Mr. Smith. “We look forward to working in the Republic of Albania, providing value to Pennine shareholders, and bringing prosperity to the people of Albania.”

Pennine intends to initiate a Technical Report in the next 60 days, and with existing data, identify potential drilling targets within the Velca Block.

Pennine is currently working with industry experts from Albpetrol and the Ministry of Energy and Industry in an advisory committee, with Pennine acting as operator.

“Our understanding and experience with Albania has enabled us to develop a partnership with the Albanian government and Albpetrol through a new production sharing agreement. We believe this agreement provides a balanced risk-and-reward contract for the exploration and development of the Velca Block-and, we hope, many other opportunities in Albania,” says Pennine chairman Richard Wadsworth, who led Bankers Petroleum Ltd. in re-developing the Patos Marinza oilfield as its president from 2004 through 2008.

“We look forward to a seamless integration of Pennine into Albania’s oil and gas exploration and development landscape.”

The PSA consists of an Exploration Phase and a Drilling Phase. Under the Exploration Phase, Pennine and Albpetrol will conduct an examination of all currently existing geological, geophysical and well data on the Velca Block, and conduct any processing or re-processing of data to select drilling targets. The Drilling Phase will consist of a commitment to drill a minimum of two (2) wells, to a minimum depth of 2,500 metres.

Pennine will recover all exploration and development costs from 90% of the net operating revenue, after the state’s 10% royalty tax, then subject to an R-factor revenue sharing with Albpetrol, ranging from 2% to 15% of net operating revenue, depending on the multiple of cost recovery to the project. After payout of all costs, the interest in the revenue stream is shared, with 50% earmarked for the Albania Ministry of Energy and Industry and 50% for the participants of the PSA (a 100% working interest before payout and a 50% working interest after payout).

Main terms and conditions of the Velca Block PSA were signed in February 2016. Pennine and Albpetrol agreed in April 2016 to the terms of the PSA and submitted the document to Albania’s Ministry of Energy and Industry for approval. Pennine reviewed the License Agreement, an integral component of the PSA, in December 2016.

In connection with this transaction, Pennine will pay a finder’s fee to an arm’s-length entity through the issuance of up to 7,000,000 common shares subject to TSX Venture Exchange policy.