The Malaysian oil and gas group has purchased solar developer Amplus Energy Solutions from infrastructure investor I Squared Capital. No financial terms of the deal have been disclosed.
With competition on the module market as cutthroat as ever, manufacturers are increasingly looking to emphasize the quality and reliability of their products and services as a differentiator. pv magazine investigates what’s behind some of these claims, and the move from manufacturers to more sophisticated quality assurance methods.
The Dutch banking group will serve as sole mandated lead arranger for the S$50 million ($36.98 million) loan. A unit of Singapore-based developer Sunseap will use the funds to build a 50 MW portfolio of rooftop PV projects.
REC Group has begun production of its residential N-Peak Black series, reaching up to 325 watts. Concurrently, Trina Solar has released four new modules within its Tallmax, Duomax, Duomax Twin and Honey series — some of which reach up to 415 watts.
The Singapore research institute will cooperate with China’s Ruxing Technology to increase the efficiency of its monoPoly™ technology. Through this cooperation, SERIS believes its solar cell efficiency could be raised to 24%, and module power beyond 345 W.
U.K. developer Lightsource BP – in which oil and gas giant BP has a significant minority stake – and its Singapore fund partner EverSource Capital are reportedly ready to take up all the $100 million slice of Ayana Renewable Power which is being put up for sale.
Marking yet another PV investment, Shell has reportedly acquired a 49% stake in Singapore-based Cleantech Solar. There is an option to increase this after 2021.
The solar manufacturer and developer has joined forces with Singapore’s ISDN and plans to expand its battery operations in the region. Elsewhere though, Longitech’s latest fundraising exercise has fallen flat.
Companies keen to offset their carbon emissions will be able to purchase renewable energy certificates at Singapore’s first blockchain-powered marketplace, launched by electricity provider SP Group.
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