Acquisitions

Corporations crave solar more than ever before

Large corporations are purchasing solar in the pursuit of going 100% renewable like never before. However, while solar and wind purchase figures are on the rise, the avenues these purchases come from has changed over the past year.

Massachusetts’ (proposed) solar home mandate, Capital Dynamics acquires 180 MW: pvMB 8/7/19

Welcome one and all to the first Hump Day MB of August. Today we’ll be looking at Pivot Energy’s 25 MW community portfolio award, Vision Solar’s expansion and the success of Lightsail 2!

Big Canadian money snatches up Nautilus Solar

The solar development & asset management company has been acquired by a subsidiary of Power Corporation of Canada, which it says will allow it to accelerate its move into community solar.

Microsoft is on a solar shopping spree

The tech giant has signed a power contract for the output of First Solar’s 150 MWac Sun Streams 2 solar plant, bringing its total procurement of solar to nearly 500 MW – but none of these projects have been completed yet.

TerraForm Power snatches up 320 MW of DG solar + fuel cells

The acquisition will bring TerraForm’s distributed generation portfolio to around 750 MW, making it one of the largest owners of behind-the-meter solar in the nation.

BlackRock goes behind the meter with GE

The startup formerly known as GE Solar has become a full fledged company, with GE and BlackRock announcing the creation of Distributed Solar Development, a behind-the-meter solar joint venture.

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Proposed RPS for New Orleans, Charlottesville renewable energy alliance formed: pvMB 7/17/19

Hello, hello and welcome back to the pvMB, halfway through a busy workweek. Today we’ll be looking at AEE’s EV fact sheet, Grasshoper Solar joining SEIA, Pegasus acquiring Plus Minus Power and more!

National Grid dives into renewable energy development

The Anglo-American company is the latest utility to enter the utility-scale solar and wind development space by closing on its acquisition of Geronimo Energy.

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Summit Ridge to build 75 MW of Illinois community solar, Spruce acquires residential assets: pvMB 07/12/19

In today’s pvMB we also bring you Tri-State seeking federal oversight, TEP’s long-term plan, SMA’s new North America service center and more…

ABB exits solar inverter business

This Swiss giant is following a trend as large multinational high-tech companies see their role as redesigning infrastructure rather than supplying inverters at ever lower margins. Schneider Electric has pulled out of large scale solar, Siemens’ Kaco acquisition and Junelight launch show increasing interest in the C&I and residential markets, and GE is likely to divest its power conversion business due to low profit margins in that sector.

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