BP completes takeover of Lightsource business
Deal for 50.03% of Lightsource BP leaves oil and gas giant with total control of renewables developer. Lightsource BP is expected to continue trading with a standalone operating model, retaining its independent brand.
Enstall takes over Schletter
The Dutch company, which itself was taken over by Blackstone and Rivean Capital, will become the majority shareholder of the German photovoltaic company. Schletter’s previous shareholders will hold minority stakes in Enstall in the future.
German solar glass maker acquired by timber company and start-up innovator
Interfloat Corporation, a European market leader for solar glass, has been bought by Holzverarbeiter HS Timber Group and Blue Minds.
Shell moves to acquire German storage business Sonnen
In May, oil giant Shell invested in German manufacturer Sonnen. Now the 112-year-old company wants to fully acquire the business, subject to Germany’s monopoly authorities. Sonnen said it hopes the deal will accelerate its growth by expanding its market reach and capacity.
SolarEdge’s latest quarterly results show robust growth
The inverter maker took number one spot in the US from SMA this year, and acquired majority stakes and IP in uninterrupted power supply company Gamatronic and storage system provider Kokam. While other companies have consolidated, SolarEdge managed to report robust results.
