Strategic Alliances

The PV maker plans to shift its 800 MW of E-Series production to its new NGT technology, as it records a massive loss on depreciation of its old equipment. The move was revealed in second-quarter figures featuring plenty of red ink.

Spain, Portugal, France and the European Commission have signed a deal to increase the capacity of the energy interconnection between the Iberian Peninsula and Europe. Currently, the interconnection capacity is 6,000 MW and, thus, far from the 15% goal set in 2015.

The Chinese state-owned State Grid Corporation of China has been attempting to acquire a 20% stake in German transmission system operator, 50Hertz for some time now. After the intervention of Germany’s Federal Government, however, this share will now go to domestic development bank, KfW.

Italian PV asset manager, Terra Firma has sold its solar energy platform for €1.3 billion to Italian infrastructure investor, F2i.

Oil and gas company Total has announced it will work alongside Shanghai-based NIO – the world’s inaugural Formula E champion – to develop products for a potentially huge electric vehicle marketplace in the populous Asian nation.

The Schletter Group will equip a 200 MW solar PV park in Vietnam with mounting systems. The project is expected to be completed by 2020.

The renewable energy software company will keep the skytron brand and platform, as well as providing services for Draker’s customers.

The Switzerland-headquartered company has secured a contract for the delivery of its SmartWire solar module production line to an undisclosed customer in Southeast Asia.

Vitol and Low Carbon have announced a €200 million fund, VLC Renewables, which will invest in renewable energy projects across Europe. Large off-shore wind will be the primary focus, with no solar plans as of yet.

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.