South Africa’s latest round of renewable energy contracts has attracted interest from European developers after home subsidies have dried up, but legal uncertainty and rules over local ownership may cut the temper their enthusiasm.
So far the third round of bids for solar and wind projects has seen some developers stop short of a full committment, which is hardly helped by government holdups.
The deadline for bids to supply another chunk of the 3,725MW of renewable energy that South Africa wants to cut its reliance on coal is October 1. From previous rounds, foreign direct investment in renewables is at $12bn in the year to May. There are two further bid rounds slated for April 2013 and July 2014.
DLA Piper Australia and its South African partner DLA Cliffe Dekker Hofmeyr have advised more than 50 per cent of the successful bidders in the first two rounds of contracts and are working with companies in their current bids. “The majority of the developers are European based, particularly Italian and Spanish, and there is an increase in interest from German, French, Chinese and US-based developers,” Damian McNair, head of finance and projects for Asia Pacific at DLA Piper told beyondbrics… Read more.
Communication technology company Harris Corp. (HRS) received a contract worth $64 million from the U.S Marine Corps. Per the contract, Harris will deliver Falcon III AN/PRC-117G multiband manpack radios, vehicular amplifier adapters, antennas and field support.
The AN/PRC-117G belongs to the Falcon III wideband radio suite that provides precise knowledge of the battlefield environment. The AN/PRC-117G can be upgraded further and enables high-performance voice as well as high-bandwidth data communication. The radio supports new generation combat applications such as streaming video, collaborative chat and other applications.
Procurement of these devices by the U.S. Marine force will enhance their service quality and help them provide improved network support, which in turn will help them to complete the mission successfully.
Apart from catering to the demand of the U.S. government, Harris is also expanding its international presence by supplying its technology to emerging economies like Brazil, Russia, India and China together with Latin America, Asia Pacific, and Africa regions. Currently, the company has a sustainable and diversified product pipeline with a potential market size of $15 billion.
As a leading government electronics supplier, Harris is benefiting from strong international market conditions. In fact, the emerging economies like Brazil, Russia, India, and China together with Latin America, Asia Pacific, and Africa regions paved the way for the company’s long-term growth.
In the last quarter, Harris generated new orders worth $183 million in the Tactical Radio Communications business. The company ended the second quarter of fiscal 2012 with a total order backlog of $581 million. During the ongoing quarter, the company has already generated orders worth $400 million in the Tactical Radio Communications segment, which includes a massive deal signed by the Australian Department of Defense.
Despite winning consistent contracts coupled with huge order backlog the company remains exposed to stiff competition from companies like Boeing Co. (BA), General Dynamics Corp. (GD) and Raytheon Co. (RTN), which also provide high-end public safety communication systems.
Currently, Harris Corporation has a Zacks #3 Rank, implying a short-term Hold rating on the stock.
Harris Corporation, based in Melbourne, Florida, remains one of the leaders in the public safety and professional communication market and boasts products ranging from industry leading multi-band, multi-mode radios, public safety-grade broadband voice, video and data solutions.
Analysis of opinions drawn from leading airport industry executives
Analysis on how procurement expenditure, business strategies and practices in
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Analysis on spending plans, budget allocations, challenges and investment
opportunities of purchase decision makers
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The opinions and forward looking statements of XXXX industry executives have
been captured in our in-depth survey, of which XX% represent Director and
The research is based on primary survey research conducted by ICD Research
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leading supplier organizations.
The geographical scope of the research is global – drawing on the activity
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