Tongwei to acquire Runergy
Chinese solar module maker Tongwei has presented a CNY 5 billion ($1.06 billion) offer to acquire rival manufacturer Runergy. If successful, the transaction will be the largest merger and acquisition deal in the PV sector this year.
AGL accelerates clean energy shift with 8.1 GW acquisition
Energy giant AGL has stepped up its transition away from coal and gas, adding a development pipeline of more than 8 GW of large-scale solar and battery energy storage projects to its portfolio with the acquisition of two Australian renewable energy developers.
Autonomous energy storage software update empowers multi-GWh projects
Finland-headquartered technology company Wärtsilä Energy has launched an upgrade of its GEMS digital energy platform, which the company says can transform the way GWh-scale battery energy storage projects are managed in Australia.
Equis eyes construction start for 800 MWh battery in Queensland
Singapore-headquartered clean energy investor Equis plans to begin building a four-hour duration battery in Queensland later this year as it pushes ahead with the development of a portfolio of 17 battery projects with a combined capacity of 4.4 GW across Australia.
Rooftop solar reaches 81% high as demand hits record low
Power production from rooftop solar continues to reach new milestones, meeting more than 80% of South Australia’s electricity demand at the weekend – the highest yet share in winter.
Indonesia relaxes local content rules for solar projects
Indonesia has moved to ease local content requirements for electricity infrastructure projects, including solar power plants, in a bid to attract more foreign capital and drive the development of renewable energy projects.
Troubled Tritium picked up by Indian EV charger giant
Collapsed Australian electric vehicle fast-charger manufacturer Tritium has been acquired by a subsidiary of India-headquartered power solutions company Exicom Tele-systems as it looks to expand its global footprint.
PV industry faces consolidation says JinkoSolar
JinkoSolar has begun converting its production to n-type tunnel oxide passivated contact (TOPCon) products to stay competitive, says Frank Niendorf, the company’s general manager for Europe. He predicts that several market players in the value chain will exit the market soon.
Big batteries grab major share of new project additions
Battery projects continue to dominate Australia’s large-scale clean energy build-out with 6 GW of new capacity added to the nation’s renewables project pipeline last month, almost 4 GW more than the combined capacity of new solar and wind added during the same period.
SunPower files for bankruptcy
United States-headquartered solar company SunPower Corp has filed for bankruptcy, among the largest in a series of major bankruptcies in the industry.
