Mitsubishi HC Capital acquires 20% stake in European Energy A/S
Mitsubishi HC Capital, a Japanese investment firm, has become the second-largest shareholder in Danish renewable energy developer European Energy A/S by acquiring the equivalent of 75 million shares. Knud Erik Andersen, the CEO of European Energy, says the transaction more than triples the company’s equity.
Rio Tinto signs long-term PPA for 1.1 GW Australian solar plant
Resources giant Rio Tinto has signed Australia’s largest corporate power purchase agreement (PPA) to date. It has agreed to buy 100% of the output from European Energy Australia’s 1.1 GW Upper Calliope Solar Farm to provide renewable power to its aluminum operations in the state of Queensland.
Pioneer Power Solutions unveils mobile off-grid EV charging trailer
Pioneer Power Solutions has announced a new lithium battery trailer for electric-vehicle charging and disaster recovery.
SAJ launches new microinverters with 4 MPPT channels
SAJ’s new M2 microinverters support PV panels ranging in size from 400 W to 700 W. They have a maximum output of 2,250 VA, with four maximum power point tracking (MPPT) channels. The company claims a peak efficiency of 97%.
Australian grid operator turns to solar-powered microgrids
New South Wales electricity distributor Ausgrid is exploring the potential of solar-powered microgrids to enhance energy security for communities during extreme weather events.
Soly raises €30 million for European expansion
The Netherlands-based home and office energy specialist raised capital to expand its offering into Italy, Spain, France, and Scandinavia. It is already active in Netherlands, Belgium, Germany, South Africa, and the United Kingdom.
Johnson Controls unveils water-to-water screw heat pump
US-based Johnson Controls says its new screw heat pump is able to deliver high-temperature hot water as high as 80 C. The system reportedly has a combined coefficient of performance of 4.1.
Tibo Energy secures funds to expand sales of cloud-based software supporting C&I assets
Netherlands-based Tibo Energy has raised €3 million from European early stage investors. Its software is used by businesses to manage and optimize their renewable energy assets and grid usage.
Investor group warns of revenue risk for PV farms in southwestern Australia
The Clean Energy Investor Group has warned that solar farms in southwestern New South Wales and northwestern Victoria could suffer from “large and unpredictable” swings in revenues due to material changes in marginal loss factors.
Largest US solar-storage project goes online
A new 875 MW solar project in California features nearly 2 million solar panels and offers more than 3 GWh of energy storage.
