mergers and acquisitions

Automotive manufacturer Stellantis has acquired a minority stake in Argentinian renewable energy company 360Energy Solar.

Corporate financing in the solar sector reached US$8.1 billion in the first quarter of 2023, according to energy analyst Mercom Capital.

Solar inverter supplier Solaredge has acquired Wevo Energy, an electric vehicle (EV) charging software startup.

US independent power producer (IPP) Enfinity Global has sold a minority stake in a 400MW US solar PV portfolio to Japanese utility Kysuhu Electric.

International solar developer Atlas Renewable Energy has acquired its first solar PV project in Colombia from Rayo Energia.

Australian utility Origin Energy has acquired renewables developer Walcha Energy and its 1.3GW project pipeline of solar and wind assets.

Norwegian energy company Statkraft has acquired Spanish renewables developer Enerfin for an estimated €1.8 billion (US$1.9 billion).

Financing for the solar sector grew 55% in the first nine months of 2023 compared with the equivalent period last year.

French oil giant TotalEnergies has acquired Ombrea, an agrivoltaics developer, for an undisclosed sum.

Solar corporate funding for the first half of 2023 increased by 54% year-on-year to US$18.5 billion, with public market financing dominating the increase.