Strategic Alliances

The Chinese polysilicon heavyweight has joined forces with Japanese industrial and energy conglomerate Mitsui & Co and software company eVolution Networks, and promises to deliver a solution that will beef up the grid.

According to the Brussels authorities, the transaction could affect competition in the electricity and gas sectors. EU competition commissioner Margrethe Vestager wants to ensure there are no price increases as a result of the proposed takeover.

Motivated by steeply declining cost curves, leading utilities are building solar portfolios around the globe. The latest statistics show the cumulative capacity of the biggest utility-scale solar plant owners topped 18 GW at the end of last year, with power companies in China, the U.S. and India to the fore.

SB Energy Corp, a subsidiary of Japanese multinational Softbank, has announced a strategic partnership with Swedish company Exeger, which produces dye sensitized solar cells designed for integration into consumer electronic devices. Under the terms of the agreement, Softbank Group will invest $10 million in Exeger, with SB Energy Corp set to assist global rollout of the technology.

Though we’re unlikely to see a return to the days of double-figure GW annual installation levels, Japan will stay at the top table of solar. Last week, pv magazine visited PV Expo Japan, part of Tokyo’s World Smart Energy Week, and found plenty of market developments to discuss, along with healthy interest from major players.

As RP Global starts work on 11 solar hybrid mini-grids on Lake Victoria that will supply electricity to 160,000 people, analyst Wood Mackenzie has released a report stating how increased capital flows in the sector may still fall short of securing universal electricity access by 2030. Nonetheless, off-grid solar is the cheapest and most viable solution for remote areas and attracts investment from fossil fuel majors and venture capital funds.

Having launched a residential storage system, the German giant announced plans last week to acquire inverter maker Kaco and start a new smart infrastructure business from April 1. In light of those moves, pv magazine spoke to IHS Markit’s Cormac Gilligan about the new kid, albeit huge, on the block.

Owners of residential PV systems increasingly want more features. Virtual power plants, smart EV charging and self-consumption measured by ever higher percentages of self-sufficiency have been buzzwords in the industry. The result has been a new breed of smart bidirectional inverters, sometimes dubbed hybrid inverters. And with utilities having found business models that also work out in their favor, could a new dawn of residential installations rise over the world of suburbia?

After announcing its entry into residential storage a week ago, the Munich-based multinational has now unveiled a plan to acquire inverter manufacturer Kaco. Siemens has not provided details about the value of the transaction.

With Europe set to return to solar power levels last seen during the PV boom seven years ago, a wave of mergers and acquisitions is taking place as the oil and gas majors splash the cash to buy the expertise needed to participate in PV’s new dawn.