Companies

Saudi Arabian national petroleum and natural gas giant Saudi Aramco has enlisted locally-owned technology start-up NOMADD Desert Solar Solutions to develop waterless cleaning solutions for solar PV.

Goldman Sachs Bank has agreed to purchase US$300 million in home solar loans originated by US home solar financing solutions provider Mosaic.

NEXTracker, a Flex company, has become the first company to reach 10GW of solar tracker sales globally.

Major metallisation paste producer Heraeus Photovoltaics is collaborating with PV ribbon product provider Ulbrich of Austria to develop products for PV module assembly and packaging technology.

European developer and O&M firm PS Renewables has bought a 49% stake in North Carolina-based firm NCRE.

Renewable energy developers SkyPower and Renew Power are involved in legal disputes with the distribution company (Discom) of the Indian state of Madhya Pradesh over solar project deadlines and PPAs, while SkyPower has also claimed to have successfully brought into operation its first ever project in the state.

Taiwan-based PV cell and module manufacturer Motech Industries plans to deploy 400MW of solar in Pingtung County in southern Taiwan, according to a company executive, while it is also in early talks with other cell makers about setting up a module factory.

Given the tight land restrictions of the East Asian island, this would be a huge development.

Li Hejun, the founder of thin-film solar company Hanergy, has been banned from holding a directorship in Hong Kong for eight years.

Sembcorp Industries’ wholly-owned subsidiary Sembcorp Utilities has agreed to acquire IDFC Private Equity Fund III (IDFC)’s remaining stake in Sembcorp Green Infra (SGI), for INR14.1 billion (US$220 million).