Companies

Masdar acquired 70% of Terna Energy’s outstanding shares at €20 per share, valuing the company at an enterprise value of €3.2 billion.

SolarEdge has closed its utility-scale battery storage division, resulting in a layoff of roughly 12% of its total workforce.

FTC Solar will implement a reverse stock split later this week in order to meet the US$1 minimum stock price required to list on Nasdaq.

New Zealand solar PV and energy storage installer SolarZero, backed by private equity giant BlackRock, entered liquidation yesterday (26 November).

Maxeon has reached an agreement-in-principle for the sale of Maxeon's EMEA, APAC and LATAM sales and marketing organisation to TCL Technology Group, the parent company of Maxeon’s majority shareholder, TCL Group.

Leading a consortium of investors via a holding company, Elbe BidCo, KKR acquired 87.41% of outstanding shares in Encavis at €17.50 per share.

The ADB has partnered with the governments of the Solomon Islands and Tonga to support each state’s energy transition.

The company made no mention of solar PV in the role the technology would play in its renewables portfolio for the coming years.

Gautam Adani is accused of allegedly paying US$250 million in bribes to Indian officials to secure solar energy contracts.

PV Tech spoke with GoodWe's Dean Williamson to learn more about its presence within the New Zealand and Australian solar PV markets.