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Strategic Alliances

Australia’s Townsville battery gigafactory reaches new milestone

Plans to develop an 18 GWh lithium-ion battery factory in northern Queensland have reached an important milestone with the project feasibility study submitted to the Queensland government.

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Singyes shareholders show discontent

The holders of almost six million shares in the company voted against the reappointment of chairman and CEO Liu Hongwei as a non-executive director. On Liu’s watch the company has had to turn to a state bail-out from China to help ensure its survival.

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Renewables and geopolitics: The United States

An accelerated transition to renewables could go either way, regarding the United States’ unique geopolitical strength. According to Indra Overland – head of the Center for Energy Research at the Norwegian Institute for International Affairs – the U.S. could surrender a major advantage if it abandons fossil fuel. The nation could, however, remain dominant in the global energy sector if it continues to lead on innovation and clean energy tech-related intellectual property.

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Belt and Road to bring 1 GW of solar to Italy

Chinese state-owned PV manufacturer Jetion Solar says it has signed a deal with Italian government-owned oil and gas major Eni to develop a slew of new solar projects across five regions in the next three years in a deal worth €2 billion.

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Voltalia acquires French solar installer Helexia

The French renewables group has taken over a specialist in C&I rooftop solar and launched a share purchase offer to enable its employees to benefit from the growth of the company.

Siemens and TIES to open battery research center in China

The facility is set to open this year and will offer battery suppliers digitalization research and manufacturing consulting. Smaller manufacturers will be able to use shared laboratories for research.

Amazon pledges zero emissions by 2040

Amazon unveiled a number of new climate initiatives this week, including 80% renewables by 2024, zero emissions by 2040, a fleet of 100,000 electric vans and a $100 million investment in reforestation measures.

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Sahel regional leaders give new push for 10 GW Desert to Power initiative

The African Development Bank last year disclosed a plan to install 10 GW of solar in the deserts of the Sahel. A recent summit held in Burkina Faso may have brought the ambitious project a step closer.

EU approves Eon’s bid to take over Innogy

It took a while, but now the energy giants can finalize the mega deal. Rival energy companies have criticized approval of the deal amid fears Eon could dominate the German market.

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Renesola rebounds from loss with Q2 profit but loan looms large

The project developer trumpeted its return to the black in the second quarter and appears set to secure an $11 million cash injection from its main shareholder. It needs the cash to help settle a near-$29 million debt due for repayment in March.

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