CBD Energy Limited (CBD) is a diversified renewable energy and energy storage company providing integrated sustainable solutions for fossil fuel and CO2 emission reduction.
In a tough year for companies operating in the renewable energy field, CBD achieved its maiden profit; completed acquisitions to establish itself as an integrated renewable energy business; formed alliances with larger companies in China, Australia and Europe; and made progress installing new generation facilities.
The largest solar tracker in Australia, installed by CBD’s eco-Kinetics, Alice Springs (Source: CBD)
CBD Energy is split into four divisions:
CBD Energy Services Co, CBD Distributed Generation, Remote Area Power Systems and CBD Labs.
CBD ENERGY SERVICES CO: delivers a range of renewable energy to the residential, commercial and industrial sectors. Through its subsidiaries, the company provides engineering and mechanical services to commercial buildings and industrial plants.
CBD DISTRIBUTED GENERATION: works with utilities to add value to existing infrastructure through its technologies.
REMOTE AREA POWER SYSTEMS: delivers integrated renewable based projects in remote areas. CBD has commenced this process with the successful implementation of solar in King Island and its resistive frequency control activities with Hydro Tasmania.
CBD LABS: develops and owns technologies deployed by other operating divisions, including energy storage with the development of its graphite based thermal energy storage system.
JOINT VENTURES: The company has JV RE Storage Pty Ltd and Wind Energy Pty Ltd with Hydro Tasmania (50%). The company has interest (50%) in Bowen Co-Venture JV and BD (QLD) Project G061 Pty Ltd. The Emerald JV (50%) comprises between the company and BD (QLD) Project G075 Pty Ltd.
CBD Energy has recently been awarded the 2010 Sustainable Infrastructure Company of the Year award by Ethical Investor magazine.
CBD Energy is to establish a solar manufacturing business in Australia in partnership with Chinese electricity group, Tianwei, a Fortune 500 company.
The new business will give CBD's subsidiary, eco-Kinetics, the right to manufacture solar PV modules using Tianwei's technology and branding.
Tianwei will initially own 5 per cent of the joint venture, and increase this to 51 per cent when it gains Australian and Chinese government approval, possibly in March 2011.
CBD expects the new business to achieve annual production of 50 MW, representing approximately $100 million in revenue.
Managing director Gerry McGowan the arrangement will make CBD Australia's first integrated solar company - a manufacturer of solar modules, inverters and racking as well as an installer, servicer and wholesaler.
Mr McGowan said the company is also negotiating to buy some substantial wind farm developments in NSW and Victoria with total project size of 1,250 MW, however CBD have said they will not proceed with the wind development at Shannons Flat as it is not economic.
Estimated Dividend Yield: 0%
1 Year Performance: 8.80%
3 Year Performance: -24.10%
5 Year Performance: 30.50%
Last Price (7 February 2011): $0.12
Financial figures are as at 7 February 2011 and are subject to change (Source: Morningstar).
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