Markets & Finance

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

Solar inverter supplier Sungrow will grow its manufacturing capacity in India to 10GW this year.

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.

The Global Wind Energy Council (GWEC) and Global Solar Council (GSC) have called on Mexican lawmakers to prevent changes to the country’s Electricity Act, Ley de la Industria Electrica (LIE), which pose what they call “an unequivocal threat" to private investment in clean energy.

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.

A round-up of solar industry news from across the US, including updates from National Grid Renewables, Capital Dynamics, CenterPoint and the state of California.

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.