mergers and acquisitions

Supply traceability firm Clean Energy Associates (CEA) has been acquired by British testing, quality assurance and certification company Intertek as it looks to provide Total Quality Assurance (TQA) solutions for solar PV and energy storage products.

Indian solar glass manufacturer Borosil Renewables is acquiring European peer the Interfloat Group in a deal it said will enable a more efficient supply of PV glass to customers in Europe.

Renewables developer Engie North America has bolstered its pipeline of solar and storage projects in the US by acquiring French developer Photosol’s US operations.

Home security giant ADT is evolving from a security company to a smart home company, with around 80% of its revenue coming from its smart home business, said its president and CEO Jim DeVries

Energy major Shell has acquired 100% of PV project developer Solar-Konzept Italia (SKI), taking its solar development pipeline in Italy to around 2GW in the process.

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.

US utility AES has acquired PV project developer Community Energy Solar, taking on a 10GW renewables pipeline in the process.

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.

Artificial intelligence-driven energy storage company Stem Inc has acquired solar asset management software provider AlsoEnergy for US$695 million.