Canadian investment giant Brookfield will acquire the remaining 50% stake in Spain-based renewables developer X-Elio from its joint venture partner, investment firm KKR. X-Elio has more than 500 MW of projects in development in Australia and the move from Brookfield, which is also currently looking to takeover Origin Energy, a major Australian “gentailer,” extends the ambitious company’s hold in Australia.
Canada-headquartered Solmax will seek to build its presence in the Australian utility scale solar sector having developed a reflective membrane which it claims can increase the energy yield of a bifacial PV project by between 5% and 20%, depending on the plant configuration.
The Brookfield-led North American consortium courting Origin Energy has finally come back with a revised bid for the company, valued at roughly $18.2 billion (USD 12.5 billion). The offer is only fractionally lower than the initial bid, which came as a relief for the market, and has been endorsed by Origin’s board.
The European Commission has presented the final version of its new rules for green hydrogen, with looser requirements to qualify hydrogen as “green.”
Australia’s Origin Energy is the target of an $18.4 billion (USD 11.3 billion) takeover bid by a consortium led by Canadian investment giant Brookfield Asset Management which plans to divide the business and invest another $20 billion by 2030 to support the gen-tailer’s transition to clean energy.
Combining satellite images of Australian rooftops with those of real-time cloud cover to create accurate forecasts of distributed solar output for suburbs and perhaps even whole regions and states is the focus of a new Australian startup, Solstice AI. “We’re kind of at a point now where there’s so much solar that it’s causing all these issues but, if we can forecast it, many of these issues can be alleviated or managed much better,” the company’s cofounder and CEO, Julian de Hoog, tellspv magazine Australia.
Canadian startup Capsolar claims its flexible solar modules can be adapted to any type of low-speed electric vehicle with no extra modification and custom work. The panels have an efficiency of 21.3% and rely on 24%-efficient solar cells provided by US manufacturer SunPower.
Buildings-integrated photovoltaics maker Mitrex plans to deploy highway noise barriers with integrated solar that have 1.2 MW of capacity per kilometer. The technology is currently in the pilot phase at government entity locations in North America.
Adani Group and the Canada-based PEM fuel cell producer will examine various options to cooperate, including potential collaboration for hydrogen fuel cell manufacturing in India.
Victorian network utility AusNet Services appears certain to be entirely foreign owned after shareholders overwhelmingly approved the sale of the company to a consortium led by Canadian asset management group Brookfield.
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