Financial & Legal

Global energy giant EDF has bought a 23% stake in off-grid solar company Bboxx’s Kenyan business.

Independent power producer ReNew Power has agreed to go public through a merger with RMG Acquisition Corporation II, a US special purpose acquisition company (SPAC), in a deal that values the combined entity at US$8 billion

US residential solar installer Sunnova reported fourth quarter revenue down 24% from the prior quarter, while posting full-year revenue growth of 22%, year-on-year.

Soltec recorded a €4.9 million (US$6 million) loss last year as the coronavirus pandemic caused projects delays and an increase in costs for the Spanish solar tracker manufacturer.

Microinverter supplier to use proceeds to repurchase notes due 2024 and 2025 as well as other corporate purposes

Iberdrola has unveiled plans to double its spend on renewables, taking its investment from €75 billion (US$91 billion) by 2025 to €150 billion (US$182 billion) by 2030.

PV module manufacturer Maxeon Solar Technologies is to appoint a new CFO, Kai Strohbecke, from March 15 2021, seven months after its spinoff from SunPower subsequent and NASDAQ IPO.

Strong installs expected in China, India and other markets as supply chain concerns ease and costs drop further

Solavio Labs, an Indian start-up that provides autonomous solar panel cleaning technology, is expanding its footprint to North America and the Middle East after securing fresh funding.