mergers and acquisitions

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.

Spanish energy company Iberdrola is continuing its expansion in Australia’s solar sector with the acquisition of engineering, procurement and construction (EPC) provider Autonomous Energy.

Aerial imaging company DroneBase has acquired India-based AirProbe, a provider of artificial intelligence-enabled analytics of solar inspection data.

German energy supplier MVV Energie AG has acquired all the shares of AVANTAG Energy S.à r.l and its sister company Philipp Rass Energy GmbH for an undisclosed amount

Oil major Royal Dutch Shell is acquiring US utility-scale solar and energy storage developer Savion from Macquarie's Green Investment Group (GIG).