The 50:50 JV named ‘EverSource Capital’ will manage an initial fund named the Green Growth Equity Fund (GGEF), which has the backing of the India and UK governments.
US-headquartered High-efficiency solar module manufacturer SunPower Corp has officially announced that it has acquired Hillsboro, Oregon-based PV manufacturer, SolarWorld Americas. Financial details were not disclosed.
French power giant Total has signed an agreement with the controlling shareholders of another France-based power firm Direct Energie to acquire a 74.33% stake in the company for roughly €1.4 billion.
‘Silicon Module Super League’ (SMSL) member Hanwha Q CELLS said it had supplied 35,073 ‘Q.PLUS’ BFR-G4.1 multicrystalline modules to a 10MW PV power plant built by renewables firm Energiekontor in Brandenburg, Germany.
Australia-based perovskite solar cell developer GreatCell Solar, formerly Dyesol has recently secured European Union (EU) funding of €500,000 (approximately A$800K) through the Horizon 2020 project.
Nanoelectronics R&D organisation imec has been appointed as the lead to a three-year €5 million EU funded R&D program on perovskite solar cells that brings together a number of European research and commercial partners.
Finland’s state-run power giant Fortum has won a competitive bid held by Helsinki-headquartered retailing cooperative S Group to set up around 10MW of solar PV capacity across 40 of its commercial buildings in Finland.
According to GTM Research, global solar PV installations are expected to surpass 104GW in 2018, despite the top four markets, including China, forecasted to decline collectively by 7%.
The Fraunhofer Institute for Solar Energy Systems ISE has teamed with PV manufacturing equipment specialist, SCHMID Group on lower cost BIPV modules that could reduce production costs by as much as 35%.
India-based EPC firm Sterling and Wilson has forayed into hybrid power plants and energy storage solutions and is already in advanced discussions for its first such projects in Africa and Europe.
