Strategic Alliances

Longi signs $600 million module supply deal with US customer

Longi Green Energy Technology Co., Ltd has signed a significant sales contract for the shipment of solar PV modules to an unidentified customer in the U.S.

Next Kraftwerke connects 2 MW battery to its VPP in Belgium

The virtual power plant (VPP) solutions provider connected its product with a 2 MW storage system in Belgium. It will be the country’s first storage system to take part in the grid’s frequency control reserve.

BMW, Tesla open factories in China, driving EV market in spite of trade-dispute

In the wake of the U.S.-China trade dispute, the Chinese government has loosened its policy on ownership caps for factory sites for foreign car brands. Previously, car companies could only retain 50% of the ownership of a factory and had to set up a joint venture with a Chinese partner. By setting up shop in China, Tesla can avoid import duties on its cars, to cater to a broader customer base.

Italy’s Eni abandons race to buy RTR

Despite recent efforts to boost its solar energy business, the Italian oil giant has decided not to acquire RTR’s 343 MW solar plant portfolio.

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Ecoligo crowdinvestment campaign for flower farm PV system in Kenya launched

Ecoligo has launched another financing round for the installation of a rooftop solar PV system at a flower farm in Kenya. The system is set to reduce the farm’s grid electricity demand by 50%, and lower its OPEX.

China’s CATL to invest €240 million in Europe’s first battery cell fab

The Chinese battery manufacturer has said it will establish a fab in Germany’s Thüringen with an annual capacity of 14 GWh. The battery cells will be primarily produced for the electric vehicle (EV) industry. Up to 600 jobs are expected to be created. In related news, BMW has entered a €4 billion long-term partnership with CATL.

Schletter acquisition finalized

The new shareholder obtained business operations, and shares in the German solar PV company. This transition finalizes Schletter’s financial recovery.

SolarEdge’s enters UPS market, $11.5 million Gamatronic acquisition closed

The Israel-headquartered power electronics supplier continues to diversify its business base as it closes its acquisition of UPS provider Gamatronic. Uninterruptible power supply is a multi-billion-dollar market expected to grow in the coming years.

Power2U energy management platform launched in Sweden

InnoEnergy has launched its energy management platforms with local partners in Sweden. The platform would help integrate renewable energy resources through battery storage management algorithms. An expansion into other markets is planned already.

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ABB finalizes $2.6bn GE Industrial Solutions acquisition, deploys VPP in Italy

The company reports that its IoT ABB Ability platform connects to existing GE Industrial Solutions’ installations. The company will supply its products to GE, with the GE brand name being retained. Access to the North-American market was named as one of the primary motivators for the acquisition. At the same time, the company inked a deal to support Be Power in the Italian market for dispatching services with its ABB Ability solution.