German Renewables firm BayWa AG has acquired a 70% shareholding in a project pipeline of around 2GW of PV power plants from Dutch firm, GroenLeven Group.
‘Silicon Module Super League’ (SMSL) member Canadian Solar has finally confirmed the sale of part of its PV plant portfolio in California to South Korea’s largest electricity utility, Korea Electric Power Corporation (KEPCO).
Billed as the ‘Largest Single Commitment to Renewable Energy by a State in U.S. History’ the State of New York announced a US$1.4 billion investment package and over US$3 Billion in direct investment in solar, wind and hydro energy projects, expected to generate around 3,000 jobs.
News from Hevel, a Solaria lawsuit, US$100m for solar from the Green Climate Fund, more Japanese finance for Canadian Solar and a new home for Intersolar India.
NextEra Energy is suing the US Treasury Department for more than US$135 million claiming that it miscalculated grants owed to it for the Silver State Solar project in Nevada.
Indian renewable energy project developer Avaada Power has signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh to invest US$1.55 billion for the development of 1.6GW of solar projects in the state.
A fund of Global Infrastructure Partners (GIP) is to acquire NRG Energy, Inc.’s US renewable energy platform businesses and its stake in NRG Yield, Inc. (NYLD) for US$1.375 billion in cash.
First Solar and SunPower have agreed to sell their Joint Venture solar power plant yieldco, 8point3 Energy Partners, to energy investment firm Capital Dynamics, Inc., for US$977 million in equity value and about US$1.7 billion in enterprise value in an all cash transaction.
