The renewables subsidiary of India’s Tata Power will acquire Welspun Energy PTA Ltd, the clean energy arm of another major Indian company, Welspun Energy, valuing its target at 92.49 billion rupees (US$1.37 billion).
The power capacity of global installed front of the meter energy storage is expected to reach 21.6GW in 2025, according to a new report by Navigant Research, with one of the firm's analysts calling this exponential growth prediction "dramatic", but also realistic.
Apple plans to sell excess electricity generated by solar panels on the roof of its new Cupertino, California HQ in efforts to trade on the energy market.
A large-scale system combining advanced batteries and ultracapacitor energy storage to provide both grid services in front of the meter and behind the meter solar shifting is up and running in North Carolina, according to one of the project’s partners.
The largest residential solar PV installer in the US SolarCity has attracted back it former head of sales and marketing, Toby Corey to become president of global sales and customer experience.
China-based integrated PV manufacturer Hareon Solar has recently signed an MOU with partners to build and operate a 160MW cell and module plant in Morocco with a total investment of around US$114 million.
Toyota’s new headquarters in Texas will source 25% of its power from an onsite PV system, while a deal brokered by an energy management firm means the facility’s remaining energy demand will be met entirely by renewable energy.
A 333MW PV plant is apparently set to be constructed by local PV company Andaltia in Lorca, Spain, requiring an investment of €400 million (US$454 million), according to the town's official website and local news outlets.
The North American single-axis tracker market has increased by over 100%, year-over-year, to reach US$1.2 billion in 2015, and is forecasted to grow 20% to US$1.4 billion this year – according to new analysis by IHS.
