Renewable energy is indeed the future, according to Bloomberg New Energy Finance’s latest report, which forecasts technologies such as wind and solar to “dominate” the future of electricity by 2040, making up 48% of the world’s installed capacity and 34% of electricity generation.
This week's Movers & Shakers covers both expansions into new territories and new business ventures. A long-term member of the Nevada Public Utilities Commission resigns, while the SEIA gains two new board members. Also, GRID Alternatives and Washington DC launch a new solar training programme for low-income residents.
After experiencing their own problems with potential induced degradation (PID), Belgium-based Edison Energy took matters into its own hands and developed the Pidbull solution in partnership with imec. Now it sells Pidbull to anyone experiencing issues with PID. As managing director Davy Verheyden explains, it is a problem solar asset owners cannot afford to ignore.
International PV developer Sonnedix has acquired a 21.6MW solar portfolio comprising five ground-mount projects in Italy from private equity firm First Reserve.
Ultor, a 50:50 joint venture between Enel Green Power and Fondo Italiano per le Infrastrutture (F2i), has signed an agreement to purchase the 60MW Italian solar portfolio of Etrion Corporation.
UK-based solar investment fund NextEnergy Capital (NEC) is to invest more than €150 million (US$210 million) in the Italian solar market after receiving backing from the UK subsidiary of insurance and investment giant Prudential.
Quercus Assets Selection, an investment company focusing on renewable energy, and Swiss Life Asset Managers, have acquired Antin Solar Investments (ASI) along with its 77.1MW solar PV portfolio in Italy through a competitive bidding process.
