RWE International SE (innogy), a leading European energy company, has signed a share purchase agreement to takeover the solar and energy storage business of Belectric.
Battery storage has dominated the outcome of the National Grid’s 200MW Enhanced Frequency Response (EFR) tender, with the technology to be used for balancing services at grid scale for the first time in the UK.
Solar wafer and module manufacturer ReneSola reported second quarter 2016 results impacted by a module end market demand slowdown in China and high polysilicon prices, while wafer ASPs decline, squeezing revenue and margins.
The European investment market for power generation assets is likely to be severely hit by the continuing impacts of the UK’s Brexit vote, ‘Big Four’ consultancy EY has warned.
‘Silicon Module Super League’ (SMSL) member Canadian Solar has retained both PV module shipment and revenue guidance for 2016, despite fears of overcapacity hitting both third party demand and ASP declines as it plans tight inventory control, curtail capacity expansions and use its downstream PV project development business as its overall buffer.
Lerri Solar, DelSolar, CNPV, Motech and Xian Longi have withdrawn from the EU’s Minimum Import Price (MIP) undertaking and will instead have to service their European customers via manufacturing facilities abroad.
