Companies

Norwegian renewables company Scatec and Indian solar developer ACME Group have signed a joint venture agreement to develop a large-scale green ammonia facility in Oman with an annual capacity of 1.2 million tonnes once fully developed.

Swiss fund manager SUSI Partners is exploring PV-plus-storage investment opportunities, building on a string of announcements in recent months that have seen it bolster its utility-scale solar position in markets such as Poland and Italy.

A round-up of the latest news from the US solar market, including BayWa r.e. selling two plants to Eni New Energy US, Birch Creek scaling up its leadership and GSI purchasing 233MW of solar portfolio in five US states.

US utility Allete is acquiring Maryland-headquartered distributed solar developer and operator New Energy Equity for around US$165.5 million.

The engine manufacturer MAN Energy Solutions, part of the Volkswagen group, will invest €500 million (US$554.36 million) in its subsidiary H-TEC SYSTEMS to ramp up its green hydrogen strategy.

First Solar has warned of a challenging year ahead as shipping delays, costs and reliability issues are expected to weigh heavy on 2022 revenues.

Global mining giant Peabody Energy has entered the solar industry by launching R3 Renewables, a renewable energy company aiming to deploy over 3.3GW of solar PV and 1.6GW of battery storage capacity over the next five years.

Solar tech provider Erthos has secured US$17.5 million in a Series B fund that is to help it scale its active pipeline of projects to 2.5GW.

German renewables company BayWa r.e. is planning to realise more than 1GW of solar and wind plants this year as it heightens its focus on subsidy-free projects.

San Francisco-based Aurora Solar, a solar sales and software designer, closed a US$200 million Series D funding round.