Gentari seals deal for Wirsol’s Australian solar, storage assets
Gentari, the clean energy unit of Malaysian oil and gas supplier Petronas, has finalized its acquisition of Wirsol Energy’s Australian renewables assets, including 422 MW of operational capacity across solar and storage facilities, and 765 MW of potential capacity under development.
SolarEdge announces record revenues in 2022
SolarEdge’s revenue rose 58% year over year to $3.1 billion in 2022. It expects revenues for the first quarter of 2023 to be within the range of $915 million to $945 million.
Toyota Tsusho buys 85% stake in SoftBank’s renewables unit
Toyota Tsusho has agreed to buy an 85% stake in Softbank’s renewable energy unit, SB Energy, which owns and operates 773 MW of renewable energy assets in Japan, including 667.1 MW of solar and 55.9 MW of wind capacity.
DNV acquires Australia’s Solcast
Norway’s DNV has acquired Australia-based solar data specialist Solcast for an unspecified sum.
World’s biggest solar, storage project up for sale
Sun Cable, the company behind the world’s largest solar and storage project, has officially gone up for sale after entering voluntary administration in Australia in January. Its administrator, FTI Consulting, is seeking binding offers of acquisition or recapitalization by the end of April, with a deal to be finalized by the end of May.
European PPA market prices fell 15% in December
Swiss consultancy Pexapark says falling energy prices, lower heating needs, and healthy gas reserves have had a calming effect on the European power purchase agreement (PPA) market. It foresees an increase in transactions over the short term.
Switzerland introduces rebate scheme for solar
Switzerland has announced a new one-off incentive model for solar, in order to reimburse up to 60% of investment costs for installations that meet certain criteria. The scheme exists in addition to nonrecurring remunerations for small and large PV installations.
Von der Leyen announces ‘Inflation Reduction Act’ plan for Europe
The European Union Commission President wants to introduce a new industrial plan to turn Europe into the global clean-tech market leader, with looser rules for state funding and less red tape.
Will Africa be left behind in the scramble for renewables?
Buoyant predictions about a rosy future for African photovoltaics, based on the continent’s abundant solar resources, continue to overlook the difficulties of securing investment, as Empower New Energy co-founder and CEO Terje Osmundsen explains, referring to a report published by the Africa Solar Industry Association at the World Future Energy Summit in Abu Dhabi today.
Weekend Read: Imminent comeback, imminent trouble
Once a European leader in PV deployment, the solar market in Czechia has slumbered for the last decade. Now, with growing public support and financing in place, momentum is building and a gigawatt-scale pipeline is taking shape. However, fresh challenges loom, as Marija Maisch reports.
