Engie acquires Broad Reach Power
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.
Weekend Read: ‘Please open your wallets’
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.
TotalEnergies acquires full stake in Total Eren
TotalEnergies has increased its stake in Total Eren from 30% to 100%, a transaction that values the independent power producer at €3.5 billion ($3.8 billion).
Weekend Read: Chaotic leadership leaves South Africans in the dark
Extensive load-shedding, lack of grid capacity, failing coal-fired power stations, lack of progress in clean power procurement, and even vandalism have prompted various South African government departments to take renewables generation into their own hands, seemingly without any overarching plan, as Bryan Groenendaal reports.
Teralight announces 314 MW of new solar in Israel
Teralight, via its Solar Tech subsidiary, plans to install new solar fences, rooftops, walls and aquaculture PV projects across Israel. The projects will be built in dozens of villages.
Qatar Investment Authority buys stake in Adani Green Energy
The Qatar Investment Authority (QIA) has acquired a 2.7% stake in Adani Green Energy. It purchased 42,604,601 shares at a price of INR 920 ($11.10) per share.
Cox Energy finalizes acquisition of Abengoa
Cox Energy secured the assets of Abengoa in April 2023. Abengoa began insolvency proceedings for its main business unit in May 2022.
Ingeteam sells O&M division to RES Group
Ingeteam has sold its operation and maintenance (O&M) division to UK-based RES Group. It say the 35 GW renewable assets are worth €35 billion ($38.2 billion).
New methodology to avoid mispricing the value of PV projects
A new process is described as a tool to assess the value of deferring, relocating, or abandoning PV projects under development in uncertain market conditions. It reportedly allows accommodating different sources of uncertainties with different stochastic features, as well as accounting for the various managerial flexibilities embedded in most solar projects.
Enphase lowers revenue guidance as US residential solar stagnates
Microinverter supplier Enphase is slipping in share price as revenues dip. It has announced a $1 billion stock buyback program.
