The Independent Electricity System Operator (IESO) in the Canadian province of Ontario has revealed plans to launch annual capacity auctions in a bid to reduce electricity costs for households.

A unit of Shunfeng International Clean Energy (SFCE) has agreed to sell PV manufacturing assets to Asia Pacific Resources Development Investment for RMB 3 billion ($447 million).

Meyer Burger Technology’s largest single shareholder has followed up on its recent call for the Swiss technology group to embark on a new strategic path by launching a new website.

NEC Energy Solutions has finished installing an 18 MW, 7.5 MWh grid storage system (GSS) in Switzerland for Elektrizitätswerke des Kantons Zürich.

The Asian Development Bank (ADB) has revealed plans to invest $50 million to help New Delhi-based renewables developer Avaada to quickly deploy solar throughout India.

Automaker Volkswagen and Swedish lithium-ion battery producer Northvolt have announced plans to jointly form and lead a new organization, the European Battery Union (EBU), to conduct research on batteries used in transport and stationary energy storage applications.

The International Renewable Energy Agency (IRENA) and the Global Green Growth Institute (GGGI) have agreed to collaborate on the promotion of renewable energy sources such as solar.

Motech Industries revealed this week that its annual net loss widened by 124.19% year on year to NT$6.795 billion ($220.5 million), marking its biggest yearly net loss ever.

Canadian Solar recorded net income of $237.1 million in 2018, from $99.6 million a year earlier, on annual PV module shipments of 6.62 GW.

Meyer Burger has struck a strategic partnership with Oxford PV to expedite the mass production of perovskite on silicon heterojunction (HJT) tandem cells.