Spanish energy company Iberdrola has bet big on the UK market through the acquisition on 17 solar PV projects from Elgin Energy and Lightsource bp, taking the firm’s share of UK solar from 2% to 9% and making it one of the biggest players in the market.
German asset manager KGAL Investment Management has acquired a combined 50% stake in renewables developer GP Joule Projects, with the two companies intent on taking advantage of the “immense growth opportunities” of renewables across Europe, and in particular Germany.
US solar tracker supplier Array Technologies has completed its previously announced acquisition of Spanish tracker manufacturer Soluciones Técnicas Integrales Norland, S.L. (STI Norland).
US solar companies have continued their push in the electric vehicle (EV) sector with Enphase Energy completing its acquisition of EV charging outfit ClipperCreek, while iSun bagged a contract to design and deliver almost 2,000 off-grid solar canopies to be located at EV charging stations across the US
French operations and maintenance (O&M) company NovaSource Power Services has acquired aerial inspections and site data firm Heliolytics in a move that NovaSource said will strengthen its ability to provide lifecycle services to the renewables sector
India-based EPC and O&M solutions provider Sterling and Wilson has approved an allotment of equity shares that will give Reliance New Energy Solar a 15.46% stake in the company.
US solar installer SunPower is in advanced discussions regarding a potential sale of its commercial and industrial solutions (CIS) business as it looks to heighten its focus on the residential sector.
Fuel distribution company Rubis has entered the PV sector with the acquisition of a majority stake in Photosol, a France-based solar developer and independent power producer.
