norway

According to reports from Norwegian media outlets, the price of electricity in Norway, alongside worldwide overproduction of polysilicon, made REC’s operations untenable in comparison with its Chinese competitors.

Norwegian energy company Statkraft has announced that president and CEO Christian Rynning-Tønnesen will leave the company after more than 13 years in office.

Norwegian solar wafer manufacturer NorSun has closed NOK90 million (US$8.5 million) in equity financing to support its expansion in Europe and the US.

Renewable energy technology company Fred. Olsen 1848 has launched a product to help floating solar PV handle wave loads.

Module manufacturer Meyer Burger has signed a supply agreement for silicon wafers with Norwegian solar energy company NorSun. 

Norwegian renewable energy solutions provider Scatec has signed an agreement to sell its 42% equity share in a solar plant in South Africa to a subsidiary of a fund managed by asset manager Stanlib Asset Management Proprietary Limited.

Spanish multinational electric utility company Iberdrola has partnered with Norges Bank Investment Management to invest in 1,265MW of new renewables capacity in Spain, with solar plants making up 80% of the portfolio.  

Silicon ingot manufacturer Norwegian Crystals is planning a five-fold increase in output after securing an investment from EIT InnoEnergy.

Silicon metal provider Elkem has posted a seventh consecutive quarter of climbing earnings, resulting in a record performance in Q2 2022.

Norwegian energy data and intelligence company TGS has acquired renewable energy asset and real-time data manager Prediktor.