Renewables developer BayWa r.e. has received a major capital injection of €530 million (US$642.3 million) through the sale of a 49% stake in the outfit to Energy Infrastructure Partners (EIP).
Engie North America has partnered with renewables investor Hannon Armstrong to secure US$172 million in funding for a portfolio of distributed solar and solar-plus-storage projects in the US.
Longgen Zhang, the chief executive of polysilicon provider Daqo New Energy, has resigned from the board of directors of leading solar module manufacturer JinkoSolar.
Module manufacturer Seraphim is to invest in a 750MW module assembly facility in Vietnam to expand its global production footprint and serve US market.
Sungrow has this year provided 2GW of its SG110CX inverters for use in Vietnamese rooftop solar PV installations, as the Chinese company continues to expand its presence in the country.
Solar inverter manufacturer SMA will supply German grid operator TransnetBW with feed-in data from regional power installations to alleviate grid bottlenecking issues as home-consumption and battery storage grows in popularity.
ACWA Power and Iberdrola are among the seven founders of a new coalition that aims to scale up the production of green hydrogen 50-fold in the next six years while halving production costs.
A round-up of the latest news in solar project development, as Brazilian mining firm Vale plans a 766MWp facility, a 500MW portfolio changes hands in Canada and ReneSola sells Polish parks.
Rising demand for green projects in investor portfolios is "broadening the geographic base" of the solar market, with 36 nations set to install more than 1GW of solar by 2029.
