Companies

Premier Energies has acquired a 51% stake each in transformer maker Transcon and inverter producer KSolare Energy. 

US solar tracker manufacturer Nextracker and Saudi-based energy company Abunayyan Holding have formed a joint venture (JV) in Saudi Arabia.

US thin-film manufacturer First has revealed another transfer of its 45X manufacturing tax credits in a deal worth around US$775 million.

Leading Chinese solar manufacturer Trinasolar has signed a module supply agreement with Malaysian renewable energy developer Mestron Energy.

Masdar and Turkey have entered the final stage of US$1 billion agreement to develop the 1.1GW plant in Bor, Niğde Province, central Turkey.

T1 Energy and Nextracker have agreed to use the latter’s steel module frames at the former’s new 5GW module manufacturing facility in Dallas.

Off-grid solar company Sun King has revealed plans to set up manufacturing operations in Kenya and Nigeria.

Singapore-based Sembcorp Industries has agreed to acquire ReNew’s 300MW solar power unit in India for around US$246 million.

Chinese inverter and storage manufacturer Sungrow has revealed details of its planned flotation on the Hong Kong Stock Exchange.

Econergy will acquire 100% stake in the 155MW Ratesti solar project in Romania, further expanding its European renewable energy portfolio.