According to reports, Saudi Arabia’s National Industrial Clusters Development Program (NICDP) and petrochemicals to manufacturing conglomerate SABIC have signed MOU’s with LONGi Group and OCI to bring fully integrated solar manufacturing to the country.
PV inverter manufacturer KACO new energy is changing its business focus to include only string inverters and energy storage products, after its acquisition of Energy Depot, selling its central inverter business subsidiary in South Korea to OCI Power. Financial details were not disclosed.
Italian utility Enel has launched a €1 billion (US$1.14 billion) green bond to finance new renewables, transmission and distribution networks and e-mobility projects.
Cepsa and Masdar, the Abu Dhabi Future Energy Company, are to partner on setting up renewable energy projects in Spain and Portugal, where Cepsa is planning 500-600MW of capacity over the next five years.
Solar Energy Corporation of India (SECI) is planning to develop its own renewable energy projects at the Indian archipelago of Lakshadweep, with an eye on coupling the projects with battery energy storage.
Finnish renewables developer and fund manager Taaleri Energia has formed a joint venture with Masdar, the Abu Dhabi Future Energy Company, to develop solar and wind projects in Central and Eastern Europe.
Pacific Gas & Electric Company (PG&E), one of the largest utilities serving Northern California and the surrounding region, announced Monday that it will file for Chapter 11 bankruptcy.
