The CEO of US solar and energy storage developer Borrego has said the company’s project development business will be less capital constrained under the new ownership of investment firm ECP, following a deal announced earlier this week to spin off and sell the unit.
Inverter manufacturer Gamesa Electric has signed a strategic cooperation agreement with Siemens AG to supply its central inverters for solar PV and battery energy storage system (BESS) projects.
US solar and energy storage developer Borrego will spin off and sell its development business, including its more than 8.4GW PV project pipeline, to investment firm ECP.
India installed 3GW of solar capacity in the first quarter of the year, a 50% increase from Q1 2021, according to a new report from research firm Mercom India Research.
Module price increases, higher raw material costs and logistical challenges will pull down the return on equity (ROE) for 25GW of India solar projects, with 5GW of those at high risk given when they submitted their bids.
Supply chain woes, spiralling energy prices and the COVID-19 pandemic have reversed the downward trend in average business interruption (BI) claims for renewables developers, with sector-wide average business downtime days up by 38% on 2016.
