TPG buys Aurora Energy Research
TPG Rise Climate has acquired UK-based Aurora Energy Research, expanding the US investment firm’s climate analytics portfolio. The deal follows reports earlier this year that Aurora’s private equity owner was exploring a GBP 1 billion ($1.35 billion) sale.
Salzgitter seeking solar PPA, on-site storage to support green steel shift
A unit of steelmaker Salzgitter AG has launched tenders for a 150 MWp solar power purchase agreement (PPA) and on-site battery energy storage system (BESS) as part of efforts to decarbonize steel production.
Heliene expands solar module capacity with new 500 MW Minnesota plant
Heliene has opened a 500 MW solar module manufacturing line in Rogers, Minnesota, bringing its total US capacity to 1.3 GW. The facility has been operational since April.
RedEarth launches ‘microgrid-in-a-box’ with solar, battery, EV charger
Australian battery solutions provider RedEarth Energy Storage has announced an international partnership that will see it jointly develop an integrated hardware and energy management system combining solar, storage, and bidirectional electric vehicle charging capabilities in a single unit.
Chinese PV Industry Brief: Maxwell seeks funds for perovskite-tandem cells
Maxwell Technologies plans to raise $272 million via a convertible bond offering and use the money to develop machines for the manufacturing of tandem solar modules based on perovskite.
European initiative launches digital product passport prototype for PV
A digital product passport could support circular practices in the European PV industry by better tracking material composition, recyclability, and supplier information, crucial for material recovery.
Global solar capacity to surpass 7.5 TW in 2035, says GlobalData
UK consultancy GlobalData projected, in figures shared with pv magazine, that global renewable capacity could hit 11.2 TW by 2035, led by solar. It expects cumulative PV capacity to hit 2,378 GW by year-end and 2,849 GW by 2026.
China launches world’s first grid-forming sodium-ion battery storage plant
The Baochi Storage Station in Yunnan integrates lithium and sodium-ion technologies at scale, a global first, aiming to stabilize renewable energy and cut costs as China accelerates its energy transition.
Egypt approves four solar, wind projects totaling 400 MW
The Egyptian government has approved four solar and wind projects totaling 400 MW, with a combined investment of $388 million. The two solar and two solar-wind hybrid projects will sell energy directly to industrial customers.
France concludes C&I rooftop PV tender with average price of €0.09753/kWh
The French authorities have concluded a commercial and industrial (C&I) rooftop PV tender with an average price of €0.09753 ($0.1110)/kWh. The government allocated 191 MW of PV capacity in total.
