Companies

Independent power producer (IPP) Enery Development has formed a 50-50 joint venture (JV) with Romanian oil and gas producer OMV Petrom to build a 400MW solar PV plant in Bulgaria.

Eni has sold a 20% stake in its renewables arm, Plenitude, to global investment manager Ares Management Corporation.

The China Enterprise Bankruptcy and Reorganization Case Information Network has published a notice regarding creditor claims for Suntech.

Norwegian energy company Statkraft has narrowed down its focus on fewer markets and technologies as it targets to reduce its expenses by NOK2.9 billion (US$290 million) annually by 2027.

Boralex is driving organic growth across Canada, the US, France, and the UK, fueled by a project pipeline totalling 8GW.

Spain has released the results of its investigation into the April blackout, which ruled out renewables as the cause of the disruption.

Founder Group has signed a US$220 million memorandum of understanding (MOU) with Chinese polysilicon producer GCL Technology.

US solar residential installer Sunnova has received court approval for a US$90 million debtor-in-possession financing agreement.

Sustainable Energy for All (SEforALL), an independent organization, hosted by the United Nations Office for Project Services (UNOPS) has partnered with Indian government-owned electricity generator the National Thermal Power Corporation (NTPC).

US residential solar companies Sunnova and Solar Mosaic have filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code.