News

Japanese-headquartered financial services group ORIX Corporation has taken full ownership of Spanish renewables firm Elewan Energy after acquiring a further 20% stake in the company.

BP ventures, the investment platform of bp, has invested A$20 million (US$13.5 million) in Australian renewables company 5B to support the development and implementation of its 5B Maverick solar technology.

Newly granted patents for solar cell architecture that reduces silver costs and increases power generation could see the new technology draw closer to commercialisation.

Fashion retailer H&M has signed a power purchase agreement with independent power producers Neoen and Alight for a 90MWp solar park in Sweden.

Petrochemical company INEOS Olefins & Polymers USA has signed a power purchase agreement (PPA) with a subsidiary of NextEra Energy for a 310MW solar project in north central Texas.

Silicon wafer prices declined last week, according to figures from the Silicon Industry Branch of the China Nonferrous Metal Industry Association.

Fund manager Glennmont Partners has entered the US market through a joint venture (JV) with solar developer GreenGo Energy to develop 1GW of solar and storage capacity.

Norwegian independent power producer Scatec has hired Hans Jakob Hegge to take over as its chief financial officer.

US energy company DTE Energy and car manufacturer Stellantis have signed an agreement to add 400MW of new solar projects across Michigan through DTE’s MIGreenPower renewable energy programme.

The European Investment Bank (EIB) has signed separate agreements with Polish state-owned utility PGE Polska Grupa Energetyczna (PGE) and Czech energy utility company ČEZ to help modernise the distribution networks of both countries.