Welcome to our dedicated page for Vivopower International Plc news (Ticker: VVPR), a resource for investors and traders seeking the latest updates and insights on Vivopower International Plc stock.
Vivopower International Plc (NASDAQ: VVPR) delivers sustainable energy solutions through global solar power projects and electric vehicle innovations. This news hub provides investors with essential updates on the company’s photovoltaic developments, energy storage initiatives, and strategic partnerships.
Access timely press releases covering financial results, project milestones, and operational expansions. Our curated collection includes updates across all business segments: solar development progress, critical power service enhancements, and EV market advancements in key regions like the Netherlands.
Bookmark this page for structured access to Vivopower’s latest announcements, designed to help stakeholders track renewable energy innovations and infrastructure investments. Regular updates ensure you stay informed about long-term power agreements and sustainable technology deployments.
LONDON, Jan. 27, 2021 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR) announces the completion of electrical works for the 39 MWdc Molong Solar Farm in New South Wales, Australia. This project will generate about 78,000 MWh of annual clean energy, powering approximately 11,000 homes and displacing over 53,000 tonnes of CO2 emissions yearly. J.A. Martin, its subsidiary, has now worked on over 150 MWdc of solar farms in Australia in the past three years, underscoring its growth in solar solutions.
VivoPower International has entered a landmark agreement with GB Auto Group to enhance electric vehicle (EV) distribution in Australia, particularly for the Tembo electric Toyota Land Cruiser and Hilux. This deal is touted as the most significant in Australasia's EV sector, potentially generating US$250 million in revenue over four years. GB Auto is expected to order at least 2,000 Tembo conversion kits within the first four years. The partnership will also explore applications in mining and other industries.
VivoPower International PLC (NASDAQ: VVPR) announced it was ranked 47th on the 'Top Impact Companies' list of 2021 by Real Leaders, recognized for its sustainability efforts and B Impact Assessment score. The award highlights VivoPower's commitment to generating sustainable energy solutions. Alongside other notable companies like Tesla and Beyond Meat, VivoPower aims to address global challenges while promoting profitability. This award reflects the growing recognition of business models that prioritize positive societal impact.
VivoPower International PLC (NASDAQ: VVPR) has successfully refinanced its debt with major shareholder AWN Holdings Limited. The outstanding loan of US$23.3 million, initially due by March 31, 2022, now matures on June 30, 2026. VivoPower will make an initial payment of US$2.19 million within 14 days, followed by 60 monthly installments starting July 1, 2021. The interest rate has been reduced from 12% to 8.8% per annum, reflecting improved creditworthiness and supporting VivoPower’s growth in sustainable energy solutions.
VivoPower International PLC (NASDAQ: VVPR) announces that Executive Chairman Kevin Chin will receive his chairman's fee entirely in the form of restricted stock units (RSUs) equivalent to 7,788 shares, reflecting a market adjustment. Other non-executive directors are also opting for RSUs instead of cash for their adjusted fees, totaling 7,788 shares each. Chin expressed intentions to further increase his stock ownership during future trading windows, indicating confidence in the company's outlook.
VivoPower International PLC (NASDAQ: VVPR) and its subsidiary, Tembo e-LV B.V., have entered into a non-binding Heads of Agreement with GB Auto Group in Australia. The Proposed Agreement aims to establish GB Auto as the exclusive distributor for Tembo's electric vehicles and conversion kits over a seven-year term. GB Auto commits to purchasing at least 500 conversion kits in the first year, totaling approximately USD$250 million in revenue. VivoPower will also partner with GB Auto for sustainable energy solutions, enhancing its market position in the electric vehicle sector.
VivoPower International PLC (NASDAQ: VVPR) has appointed Gemma Godfrey to its Board of Directors. Godfrey, a serial entrepreneur, has experience in fintech, digital media, and advising government strategies. She aims to leverage her diverse skills to enhance VivoPower's offerings in electric vehicles and sustainable energy solutions. Executive Chairman Kevin Chin expressed confidence in her capabilities, highlighting the importance of innovation and efficiency in the company’s mission. VivoPower is dedicated to delivering sustainable energy solutions globally and holds a B Corporation certification.
VivoPower International PLC (NASDAQ: VVPR) announces successful refinancing by its Australian subsidiaries, J.A. Martin Electrical and Kenshaw Electrical. J.A. Martin achieved a 38% reduction in funding costs with more flexible terms, enhancing liquidity for the next 3 to 5 years. Kenshaw used surplus reserves to retire current working capital, ensuring future growth funding. The company’s credit profile improved following an oversubscribed $28.75 million equity raise in October. Strategic discussions are underway for a proprietary lease finance program for Tembo e-LV, aimed at boosting its electric vehicle sales.
VivoPower International PLC (NASDAQ: VVPR) announced the appointment of Martin Bell to its Advisory Council, expanding its strategic leadership. Based in Berlin, Bell is the CEO of Bell Ventures and a proponent of the 100 Tasks System, which has successfully supported over 80 organizations. He was instrumental in Rocket Internet's 100 Day Launch process, leading more than 20 companies to success. The Executive Chairman, Kevin Chin, praised Bell's expertise in hyperscaling and its application to VivoPower’s sustainable energy solutions.
VivoPower International PLC (NASDAQ: VVPR) has appointed Chris Mallios to its Advisory Council, bringing nearly 30 years of experience across various sectors including automotive and technology. Mallios has held leadership roles at Nissan and CFC Group and has a strong background in electric vehicle technology. Executive Chairman Kevin Chin expressed confidence in Mallios' diverse expertise, which is expected to enhance VivoPower's strategic initiatives. The company aims to deliver sustainable energy solutions and holds operations in multiple countries.
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