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Image: Baywa r.e

McLaren acquires Italian inverter producer Fimer

December 2, 2024
MA Solar Italy, a subsidiary of McLaren, acquired FIMER for an undisclosed fee amid challenges for the inverter market.
masdar

Masdar completes acquisition of Greece’s Terna Energy

November 29, 2024
Masdar acquired 70% of Terna Energy’s outstanding shares at €20 per share, valuing the company at an enterprise value of €3.2 billion.
A SolarEdge event stand.

SolarEdge announces layoffs and closes storage division, shifts focus to PV

November 28, 2024
SolarEdge has closed its utility-scale battery storage division, resulting in a layoff of roughly 12% of its total workforce.
ftc solar

FTC Solar announces measures to increase share price

November 27, 2024
FTC Solar will implement a reverse stock split later this week in order to meet the US$1 minimum stock price required to list on Nasdaq.
Image: SolarZero.

New Zealand’s largest solar PV provider enters liquidation

November 27, 2024
New Zealand solar PV and energy storage installer SolarZero, backed by private equity giant BlackRock, entered liquidation yesterday (26 November).
Maxeon’s module production plant in Mexico. Image: Maxeon Solar Technologies.

Maxeon to focus on US market, sells non-US assets to parent company TCL Group

November 26, 2024
Maxeon has reached an agreement-in-principle for the sale of Maxeon's EMEA, APAC and LATAM sales and marketing organisation to TCL Technology Group, the parent company of Maxeon’s majority shareholder, TCL Group.
An Encavis solar project.

KKR acquires German IPP and renewable energy developer Encavis

November 26, 2024
Leading a consortium of investors via a holding company, Elbe BidCo, KKR acquired 87.41% of outstanding shares in Encavis at €17.50 per share.
Image: Namkoo Solar.

Asian Development Bank signs deals with Solomon Islands and Tonga to bolster Pacific solar PV

November 25, 2024
The ADB has partnered with the governments of the Solomon Islands and Tonga to support each state’s energy transition.
Solar panels from a Brazilian PV project from Enel Green Power

Enel to focus on onshore wind and dispatchable technologies in 2025-2027 period

November 21, 2024
The company made no mention of solar PV in the role the technology would play in its renewables portfolio for the coming years.
Adani Solar's booth at RE+ 2024 in Anaheim, California.

Gautam Adani charged in US with ‘massive’ US$250 million solar contract bribery scheme

November 21, 2024
Gautam Adani is accused of allegedly paying US$250 million in bribes to Indian officials to secure solar energy contracts.

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