Canadian Solar privatization plans on ice

Last December, the company’s CEO made a proposed transaction offer to acquire Canadian Solar. Mulling the offer, a special committee has now advised the company’s board to cease its review of the proposal, highlighting that it could not find sufficient certainty in the CEO’s ability to secure the funding for the transaction. Following the news today the CEO has withdrawn his offer.

SolarEdge’s latest quarterly results show robust growth

The inverter maker took number one spot in the United States from SMA this year, and acquired majority stakes and IP in uninterrupted power supply company Gamesa and storage system provider Kokam. While other companies have consolidated, SolarEdge managed to report robust results.

Hyundai to launch solar body kits for vehicles

In a joint effort with Kia Motors, Hyundai Motors is developing solar roofs and bodies for its EVs, hybrids and ICE vehicles to provide additional charging capacity. Depending on solar irradiation levels, the technology could provide 30-60% battery charge per day, the manufacturer says.

Europe’s largest commercial and industrial PV storage testbed launched

Testing lithium-ion, redox flow, and sodium-sulfur technologies, EPC provider CMI Energy wants to establish which types of system, or which combinations, are most suitable for different applications using the 4.2 MWh facility.

Asian-Pacific market to see 355 GW of solar over five years, despite policy challenges

Despite political hurdles in key markets including China, India and Japan, Asia-Pacific remains highly active. This year, 59 GW of solar is expected to be installed and due to further system price declines, a phase-out of subsidy schemes can be offset.

World reacts to IPCC report

A snapshot of how politicians, scientists, institutions, industry, and civil servants have reacted to the Intergovernmental Panel on Climate Change (IPCC) report, released yesterday.

BYD, Kostal announce energy storage partnership

Building on earlier collaboration, Kostal and BYD are looking to further strengthen their ties under a new deal, which will see them provide storage solutions to the residential and commercial solar segments.

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Global EV sales hit 4 million, soaring market sees next million in May 2019

While it took 60 months to reach the first million electric vehicle (EV) sales, in late 2015, it took the fourth million just six months. China is driving this development. Meanwhile, as first generation EVs batteries are reaching their end-of-life, interest in second-life use cases is growing. The volume of retired EV battery packs is set to be 108 GWh by 2029 – representing a third of the expected storage capacity market at that time.

Batteries material market set to grow 9% until 2022

A report by Technavio suggests the global market for battery materials could grow 9% annually in the next four years. Analysts point to the increasing installation of storage systems with PV as a key driver.

Big storage goes metro: Tesla supplies 500 kWh to City of Sydney

The City of Sydney has installed the first large scale battery storage system to be located within the Sydney metropolitan are. Transgrid and the City collaborated on the project, which sees 500 kWh of batteries coupled with around 450 kWp of rooftop PV.

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