Jonathan Touriño Jacobo

Round-up of news from China with Saudi Arabian power developer ACWA Power partnering with two Chinese companies, state-owned China Energy Engineering wins bid to develop a floating solar (FPV) project in the Philippines and Guodian Power invests in 2GW Saudi PV project.

Struggling Swiss solar manufacturer Meyer Burger has started a mergers and acquisitions process with interested third-party buyers.

Global solar corporate financing has decreased 24% in 2024, compared to the previous year, with US$26.3 billion, according to market research firm Mercom Capital Group.

According to Qcells, the recipient companies are allegedly producing and selling products using laser enhanced contact optimization technology, for which it holds the patent.

The agreement will support the construction of six PV plants, with a combined capacity of 724MW, which will be sited to support Google’s data centre operations.

These programmes are Empowering Rural America and Powering Affordable Clean Energy, with investments in rural communities across 30 US states.

Mexico aims to add 27GW of new electricity generation between 2025 and 2030 with “a large percentage of renewable energy”.

The acquisition is part of the company’s plan to invest over €1 billion (US$1 billion) in French clean energy by the end of 2025.

Although the investigation is still ongoing, the allegations are for an attempted fraud involving €340,000 (US$352,000) in European Union (EU) funds.

The potential of floating solar (FPV) generation capacity on US reservoirs is estimated at up to 1TW, according to a study from the US National Renewable Energy Laboratory (NREL).