Strategic Alliances

A public enterprise grade energy blockchain has powered up with the promise to accelerate a low-carbon, distributed electricity future. For the first time, energy sector companies are hosting validator nodes on a decentralized network as they seek to adapt to a more digitalized and decentralized energy system.

The Chinese state-owned infrastructure investment fund, which already has strong ties to the Saudi power company, will be a major shareholder in a Middle East and African clean energy portfolio that adds up to 1668 MW of generation capacity.

The world’s number one mono silicon module manufacturer will add another 5 GW to its annual panel production capacity in 2020 as it pursues 16 GW of output this year and 25 GW next year.

The Nasdaq-listed game developer will offer shares in return for a 9.9% stake in the Chinese mono solar manufacturer’s Kexin electric vehicle and storage business.

Norwegian hydropower company Statkraft has revealed more details of its solar-storage-wind-gas network. Previously announced plans to potentially double capacity this summer were not mentioned in the update.

In pursuit of its ambitious 2025 solar goal of 20 GW of installed capacity, Taiwan continues to be an attractive market for foreign companies and investors.

Pope Francis held a closed door meeting at the Academy of Sciences with the CEOs of oil firms and investment firms to address climate change, with a group committing to support an “economically meaningful” carbon price.

German power distributor Energy2market intends to develop its international activity under its new French owner. The founding shareholders and Trailstone UK will sell their stock to EDF subsidiary Pulse Croissance.

The installation will be Africa’s first privately financed, utility scale floating solar installation. A group of pre qualified bidders inspected the site and are expected to submit full technical and financial documentation by September.

Initially, the company will construct a 16 GWh factory plus a joint venture fab with Volkswagen in Germany, which will also have a throughput of 16 GWh. Both factories could be extended to tap further into the large market for battery cells in Europe.