Neoen founder, Direct Energie, set to be acquired by Total

The French oil group, which is the parent company of U.S. solar manufacturer SunPower, is set to acquire a 74.33% stake in France’s third largest electric utility Direct Energie. Prominent Australian renewable developer and IPP Neoen was established by Direct Energie in 2008, although it will not be affected by the transaction and will continue to remain “totally independent”.

Jinko posts strong increase in shipments for 2017, but lower profits

Last year, the Chinese module maker shipped 9.8 GW, and achieved revenue of $4.0 billion. Both gross and net profit, however, declined due to lower ASPs, higher polysilicon prices and increased output from OEM partners.

Longi claims 23.6% efficiency for its PERC monocrystalline cells

Only one month after announcing a PERC module efficiency of 20.41%, the Chinese solar manufacturer announced it has now achieved a 23.6% efficiency for its PERC monocrystalline cells, thus beating its own previous records.

Private PPAs for renewables reach 5.4 GW in 2017, BNEF says

Last year’s result surpassed by more than 1 GW the results registered in 2015 and 2016, when the combined capacity of this market segment reached 4.4 GW and 4.3 GW, respectively.

Arcelormittal confirmed as buyer of Exosun

The French tracker maker will be integrated in the ArcelorMittal Projects division of the Luxembourg-based steel manufacturer.

AMP Capital provides Neoen €245 million for French, Australian renewable projects

The French independent power producer will use the funds for the development of 1.6 GW of wind and solar in France and Australia.

EDF launches 30 GW solar plan

French energy giant, EDF has announced a plan to develop 30 GW of solar projects in France between 2020 and 2035.