Eon plans to take majority share in Innogy
Eon has announced plans to take over a 76.8% stake in the German utility, RWE’s renewable energy spin-off, Innogy. The acquisition is part of a far-reaching agreement between the two, which envisages redistributing operations so that RWE focuses on the renewable energy business, while energy networks and customer solutions would be the responsibility of Eon.
TEPCO reaffirms renewables commitment, vows to expand globally
The head of Tokyo Electric Power (TEPCO) has said that the Japanese company remains committed to renewables development, and has vowed to expand the regional utility’s business beyond its home market in the coming years.
EU Battery Alliance wants 20 EU giga factories, Saft announces partnership with Siemens, Manz and Solvay
The EU Battery Alliance is calling on industry to take advantage of the expected 2025 €250 billion battery market by establishing between 10 and 20 European giga battery factories. Saft, meanwhile, has announced an alliance with Siemens, Manz and Solvay to work on advanced lithium ion and solid-state battery technology.
India: Shell may acquire majority stake in Fourth Partner Energy
Shell is rumored to be interested in acquiring a majority stake in Fourth Partner Energy, a rooftop solar power firm based in Hyderabad, India.
IE signs investment deal with Alten RE for up to 600 MW of sub-Saharan Africa PV projects
A deal, worth up to US$36 million, has been signed by South Africa’s Inspired Evolution (IE), under which it will invest in Alten RE Developments Africa B.V. Over 600 MW of solar PV projects are set to be developed.
France’s EDF enters China’s rooftop solar market
Creation of joint venture with Asia Clean Capital sees the French energy giant announce plans to build, own and operate distributed rooftop solar projects across China.
Gintech, Solartech, NSP merger approved by board members
The coming together of three of Taiwan’s largest solar cell manufacturers has been given the green light today by the respective boards of directors of the three companies. New company United Renewable Energy Co., is expected to become a recognized entity on March 28.
Enovos acquires Skytron O&M business & control room
With its latest acquisition, Germany-based Enovos now manages large-scale PV systems amounting to around 600 MW in Germany. Financial details of the transaction have not been disclosed.
Capital Stage & Irish Sovereign Wealth Funds invest €140 million in PV projects
Ireland Strategic Investment Fund (ISIF) will make its first investments in solar energy, in partnership with German PV plant operator, Capital Stage. The money will go towards the development of 140 MW of solar, to be built by Irish developer, Power Capital.
EDF expands off-grid business in Africa
The French utility will now partner with U.S.-based Off Grid Electric in Ghana.
