Finance

Electra Power, an Israeli energy supplier, is now in negotiations to sell its PV operations for up to $7.88 million. Last year, it reported an operational capacity of 4.7 MW and a project backlog of 25 MW.

EDF Renewables UK and Ireland, a unit of French energy giant EDF, has acquired UK solar installer SAS Energy. It says the acquisition will facilitate new projects in the solar, electric vehicle, and battery storage sectors.

CRISIL, an Indian data analytics company, has announced plans to acquire Bridge To India Energy, in a move aimed at strengthening its presence in the renewables consulting market.

Shell, which acquired Sonnen four years ago, is now actively seeking a majority shareholder for the Germany storage system specialist.

Teralight has signed a 23-year power purchase agreement (PPA) for 108 MW/433 MWh of solar-plus-storage capacity. It will sell electricity to Dalia Power Energies under a tariff linked to the Israeli Electricity Authority’s regulated production tariffs.

As the global North ponders e-mobility dilemmas such as how to source sufficient materials to meet electric car demand, fresh evidence has emerged of how solar can decarbonize transport and farming in Africa.

With an overall investment cost of US$182 million, the Kom Ombo plant is expected to be commercially operational in January 2024.

Solegreen plans to deploy 210 MW/470 MWh of solar-plus-storage in Israel, through a project selected by the Israeli authorities in a 2020 tender. The facilities will sell power at ILS 0.1715 ($0.0459)/kWh.

Engie has acquired 350 MW of operating storage assets and 880 MW of assets under construction from US battery specialist Broad Reach Power, with commissioning of the latter assets expected by the end of 2024.

Donations of cash and solar equipment have thrown a lifeline to schools, hospitals, and communities in Ukraine but the country needs much more, including long-term backing for the recovery of its industry, reports Ian Skarytovsky.