BP slashes renewables investment, seeks new Lightsource BP partner
Oil and gas giant BP wants to sell stake in Lightsource BP just four months after completing full takeover of the renewables developer. New “strategy reset” will also cut company’s investment in energy transition by $5 billion per year.
Iberdrola launches innovation contest for PV technologies
Iberdrola, through its Perseo startup program, has partnered with the Spanish National Association of European Business and Innovation Centres (ANCES) to launch an innovation program for startups and entrepreneurs in the PV sector. One selected entry will conduct a pilot project and may scale its technology with the Spanish energy multinational.
Pexapark records 25 European PPAs for 790 MW in January
Swiss renewable energy market intelligence provider Pexapark says European developers signed 25 power purchase agreements (PPAs) for a combined 790 MW during the first month of this year.
EIP to become majority shareholder of BayWa re
Energy Infrastructure Partners (EIP) says it will become the majority shareholder of BayWa re with a €150 million ($157.4 million) investment in a 65% stake, in order to support the company’s restructuring efforts. The deal is still subject to antitrust approval.
‘Solar module prices will soon go back to over $0.12/W’
The global solar module industry is expected to regain a sustainable balance in the next six months, Yana Hryshko, head of Solar Supply Chain Research for Wood Mackenzie, told pv magazine. She explains why solar module prices may increase soon, suggesting that Tier 1 modules prices could reach $0.14-$0.15/W by the end of this year, and discusses how consolidation is materializing within the global PV industry.
LevelTen launches new platform to buy, sell renewable assets
LevelTen says its new Asset Marketplace Listings platform will streamline the buying and selling of renewable energy assets. The platform covers projects of all sizes across Europe, including storage.
Survey reveals most popular inverter, solar brands for Australian installers
A new survey shows that most Australian solar installers are not concerned about solar panel and battery brands, but have a clear preference when it comes to inverters.
India adds 25 GW of solar in 2024
India installed a record 25.2 GW of solar in 2024, driven by a surge in large-scale PV, according to Mercom India.
First Solar sues JinkoSolar for alleged TOPCon patent infringement
First Solar has sued JinkoSolar in a US federal court in Delaware, claiming that the Chinese manufacturer infringed upon US Patent No. 9,130,074, which is related to tunnel oxide passivated contact (TOPCon) solar technology.
Greece presents 3.5 GW standalone battery storage rollout plan
A draft ministerial decision envisages the installation of 3.55 GW of standalone battery energy storage systems which will be granted priority connection to the transmission or distribution grid and operated on a merchant basis without subsidy support.
