Tesla reported another major decline in its residential solar installations for the fourth quarter of 2017, while a supply shortage in its energy storage system ‘Powerwall’ has created a customer backlog of solar and storage installs of more than one year.
A fund of Global Infrastructure Partners (GIP) is to acquire NRG Energy, Inc.’s US renewable energy platform businesses and its stake in NRG Yield, Inc. (NYLD) for US$1.375 billion in cash.
African Infrastructure Investment Managers (AIIM) has invested in Starsight Power Utility, a Nigeria-based energy services company providing solar-diesel-battery hybrid and efficient cooling and lighting solutions to its commercial and industrial clients.
First Solar and SunPower have agreed to sell their Joint Venture solar power plant yieldco, 8point3 Energy Partners, to energy investment firm Capital Dynamics, Inc., for US$977 million in equity value and about US$1.7 billion in enterprise value in an all cash transaction.
Leading integrated high-efficiency monocrystalline module manufacturer and ‘Silicon Module Super League’ (SMSL) member LONGi Green Energy Technology has signed a three year deal to purchase polysilicon from Korean-headquartered polysilicon producer OCI Co worth around US$1.02 billion.
Specialist semiconductor and PV equipment supplier Intevac is still having issues securing delivery dates for an order for 12 ‘ENERGi’ solar ion implant tools to a customer in China, which is planning to ramp N-type mono IBC (Interdigitated Back Contact) solar cells and modules.
Al Naboodah Group Enterprises (ANGE), a Dubai-based conglomerate, has partnered with Indian solar EPC and manufacturer Jakson Group in order to expand into the solar energy space.
The CEO of Orsted, the world’s largest offshore wind developer, has said that his company is working to establish “a scalable commercial model” for solar PV and energy storage, viewing both as potential drivers of long-term growth.
