Companies

The renewable industry is facing a perfect storm of factors leading to tighter business interruption and equipment breakdown insurance terms.

Chinese solar tracker manufacturer Arctech has expanded its business to Turkey by forming a partnership with Alpon Energy, a solar company specialised in solar trackers, as well as EPC works.

“The formation of Solar Powers Illinois stems from the passage of critical legislation: the Climate and Equitable Jobs Act and the Inflation Reduction Act.”

US climate investment firm HASI has invested an undisclosed sum into a 605MW solar and solar-plus-storage portfolio owned by US utility AES Corporation.

Avangrid has cancelled a proposed merger with US utility PNM following two years of delays in the approval process.

US utility American Electric Power (AEP) has signed an agreement to sell its 625MW of solar PV assets in the state of New Mexico to investment firm Exus Asset Holdings.

Nextracker has finalised its split from Singapore-headquartered electronics firm Flex after eight years of Flex ownership.

The European Investment Bank (EIB) has committed €400 million (US$437 million) to support the solar and battery storage development plans of Greek renewables developer Mytilineos.

The Emeren Group has purchased a development portfolio of solar projects in Spain from Negratin Global Services.

From the world’s largest project being commissioned to a possible downturn for solar manufacturers in 2024, and including the US Department of Treasure releasing guidance from the Inflation Reduction Act. Here, PV Tech runs down its top 10 stories of the past 12 months.