Companies

The deal values National Grid Renewables - the US project development arm of the UK's National Grid - at approximately US$1.735 billion.

The company increased its shareholding from 49% to 65% through an agreed capital increase and assumes the role of majority shareholder.

The firm posted net losses (in accordance with generally accepted accounting principles (GAAP)) of US$1.81 billion over 2024 .

Canadian solar cell and module manufacturer Heliene has signed a multi-year agreement with PV frame producer Origami Solar for the supply of steel frame modules.

Chinese solar manufacturer Tongwei has ended its plan to acquire a controlling stake in fellow Chinese manufacturer Runergy.

Sunnova said the job cuts are part of “an optimisation of its business" and the cuts will save around US$35 million.

US technology giant Microsoft has signed virtual power purchase agreements (VPPAs) for 389MW of solar capacity with EDP Renewables.

Former Borrego Solar president of engineering, procurement and construction (EPC) Brian Barker has launched a new EPC, dubbed Aquila Energy.

The deal was signed with the Energize programme, a renewable energy purchasing vehicle for pharmeceutical companies.

Enphase Energy's financial results follow a wider trend in the inverter market, which has seen major players struggle to adapt.