Companies

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.

Sonnedix has signed a power purchase agreement (PPA) with Renfe to supply 420GWh of renewable energy annually for its commercial operations.

US residential solar installer Sunnova has laid off more than half of its workforce, while a subsidiary from Delaware filed for Chapter 11 bankruptcy.

National Grid Renewables has rebranded to Geronimo Power following its acquisition by Canadian asset manager Brookfield.

Struggling Swiss solar manufacturer Meyer Burger has announced that its two German subsidiaries, including the owner of its solar cell manufacturing facility in Thalheim, are insolvent.

Indonesia has ratified the PLN Electricity Supply Business Plan 2025–2034, targeting 42.6GW of renewable energy generation.

R.Power has sold a 49.9% stake in two of its special-purpose vehicles, which are developing a solar portfolio of 91.6MWp.