The company formerly known as Real Goods will focus on the residential sector, where it holds a top-10 position among installers, as well as commercial PV under 200 kW.
The fund plans to acquire two PV plants with a combined capacity of 74 MW and expects to continue acquisitions of plants below and above 5 MW following the introduction of next year’s CfD scheme.
The recent addition of Martifer Solar’s Italian contracts solidifies its position as the third largest vertically-integrated O&M player in Europe.
The alternative energy services company says the inclusion of MaxGen dramatically enhances its asset management capabilities for utility-scale solar clients. Solarrus will now be able to offer services across all project sizes.
Russia’s solar future appears increasingly brighter: A recent solar tender for the construction of projects in the next three years resulted in application submissions for a total of 785 MW of capacity.
The increased budget will be split between the various renewable energy technologies bidding for subsidy support. The country’s Solar Trade Association says the government’s decisions “represent serious tragic mistakes in energy policy.”
Vivint Solar has successfully launched its initial public offering under the symbol VSLR, as ongoing protests in Hong Kong impact global markets. The pricing of the company’s shares came in US$16, the low end of estimates.
The energy company plans to fold Pure Energies, which it describes as a leader in the area of web-based customer acquisition, into its NRG Home Solar business. This follows on NRG’s acquisition of Roof Diagnostics Solar in March.
Chinese solar represented 22% of all new clean energy investments during Q3 2014, according to Bloomberg New Energy Finance (BNEF). This high level of investment is making up for depressed European solar markets.
The latest report by GTM Research predicts that 805 MW of solar PV will be installed across the region in 2014, a six-fold increase over 2013. The company forecasts another 2.3 GW of new PV in 2015.
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