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Strategic Alliances

Beijing about-turn influenced collapse of polysilicon deal

Shanghai Electric says the Chinese government’s abrupt decision to rein in solar was a significant factor in the collapse of its planned $3.64 billion acquisition of a controlling stake in the world’s biggest poly maker.

Enel and Raptor Maps to develop AI drone software for operations and maintenance applications

Enel Green Power North America and Raptor Maps will develop AI-based drones to reduce O&M costs. Kicking off this month, the project will see its first batch of 30 field workers trained by the end of the year. Both companies already have the relevant technology in their portfolios.

Fitch revises up outlook for French solar market

The U.S. firm expects France will reach a cumulative capacity of 28 GW by 2027, 3 GW more than previously forecast. The reasons for the increase are the renewed efforts of the French government to push for more solar, and the solar plans of big energy players such as EDF and Total.

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ERG keeps investing in solar

The Italian wind energy specialist has joined forces with UK-based investment firm Quercus Investment Partners LLP to acquire another 150 MW of PV plants in Italy.

Taiwan: Schedule agreed for three-way solar merger

A timetable has been set for the merger of three of Taiwan’s largest solar cell manufacturers, according to reports from the state-owned Central News Agency. The companies held separate board meetings last week and confirmed the transaction is set to be completed on October 1.

Second-life EV battery market to grow to $4.2 billion by 2025

Circular Energy Storage, a London-based research and consulting group, reports a strong business case for reconstituted electric vehicle batteries for energy storage applications. As the EV and static storage system markets grow rapidly, synergies could be a useful tool for continued cost optimization.

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Sale of controlling stake in China’s largest poly maker falls through

Shanghai Electric’s move to take over GCL-Poly’s Jiangsu Zhongneng has fallen through because conditions are not ‘mature enough’. The development, announced this afternoon to the Hong Kong Stock Exchange, will be closely watched by the global solar industry.

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Saudi’s Zahid takes major stake in German PV company Greencells

The Zahid Group has invested an undisclosed amount in Germany-based Greencells. A key focus for the latter will now be hybrid systems in the APAC and African regions. An update on the 1.2 GW Sweihan solar project in Abu Dhabi was also given.

India: USTDA signs MoU for 41 MW hybrid storage project

The U.S. Trade and Development Agency (USTDA) has approved a grant supporting the technical design and project planning work for IL&FS Energy Development Company Limited’s (IEDCL) 41 MW hybrid wind, solar and energy storage power plant in Andhra Pradesh.

Eon finalizes Innogy takeover bid

When Eon receives all regulatory approvals, it will own an 86.2% stake in Innogy. The energy company also finalized its voluntary public takeover bid to the minority shareholders.

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