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.
Is the EU doing enough to establish a solar manufacturing supply chain?
Compared to the Inflation Reduction Act (IRA) signed by Joe Biden’s administration in the US, the EU’s approach to establishing solar manufacturing appears slow and lacking in clarity. In this blog post, I will explore the EU’s renewable energy policy, specifically its emphasis on solar manufacturing, and evaluate whether Brussels is doing enough to establish a European solar supply chain.
PVcase raises $100 million to fuel expansion
PVcase, a Lithuania-based solar project software company, raised $100 million to expand the market for its platform and extend its capability.
