West Africa hogged more than twice as much investment as the east in a year which saw stock market backing plunge an ‘alarming’ 46%, leaving donor grant funding and debt to pick up the slack during a Covid-hit year, according to off-grid industry body GOGLA.
Con Edison states that it has become the number two solar power generator in North America with the finalization of its Sempra purchase which included 980 MWac of operating solar.
U.K. investor the Foresight Solar Fund today announced the acquisition of a portfolio of operational PV projects, following a placement of new shares in June which raised around £48.1 million.
Despite the uncertainty caused by U.S. solar panel import tariffs, deteriorating trade relations between the U.S. and China, and the looming consequences of China’s PV policy change, the solar industry saw a 15% YoY increase in corporate funding in the first half of 2018, on the back of a Q2 rebound, finds the latest Mercom Capital report.
GAAP gross margin improved 4% year-on-year, while shipments grew by 345 MW in the most recent quarter. Through the acquisition of the U.S.-based UPS provider, the Israeli inverter supplier makes its first move outside of the pure-play solar sector.
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.
The already operational power plants sold for US$267.7 million comprise 272,000 Canadian Solar modules in total. Canadian Solar is set to provide operations and maintenance services to the plant, which could generate up to 142,000 MW per year for its new owner, based in the U.K.
The latest in a series of high profile renewable energy acquisitions for the French energy giant, ENGIE has announced the acquisition of a 100% stake in Fenix International, a U.S. company active in the residential lease-to-own sector in several African countries.
The Dutch science-based company has announced plans to expand its product portfolio for solar, with the acquisition of China based Suzhou SunShine New Materials Technology (Sunshine), a manufacturer of PV backsheets.
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