Hawaiian Electric embraced by activist investor focused on renewables

Citing Hawaii’s potential to reach 80 percent renewables by 2030, saving $6.5 billion in the process, the investment fund’s founder says Hawaiian Electric “has the potential to be the utility of the future.”

Careful money buys up Spruce Finance

HPS Investment partners has bought up the sixth-largest third-party solar provider, with board co-chair Christian Fong taking the reins as CEO.

Solar powered art auction funds light for African schoolchildren

The Solar Panel Art Series is currently on display in Brooklyn at the A/D/O gallery. The ten pieces of artwork on recycled solar panels will go to supporting Olafur Eliasson’s Little Sun Foundation’s “Solar School Kids Program”.

Two CCAs sign up for 128 MW of solar plus storage

A deal with EDF Renewables is one of the largest power contracts ever penned involving community choice aggregators, with special focus on the potential of the project’s battery storage component to help those CCAs deliver energy more efficiently.

Wind and solar projects pump investment grade portfolio returns

Ullico has purchased part of a 1.3 GW wind+solar portfolio, originally developed and sold by sPower. The transaction, and other optimizations surrounding the portfolio, have increased the return on investment to 13% for one of the investment groups involved.

Europeans buying colonies back one solar racking company at a time

Esdec has acquired EcoFasten Solar, which it says gives it access to a large ecosystem of installers and distributors. The European racking manufacturer launched its US offensive earlier this year.

Danish pension pops $307 million cork on California solar power

Recurrent Energy has sold its 49% stake in two California solar power plants, the 258 MW-DC Tranquillity and the 272 MW-DC Garland Solar plants, to one of Denmark’s largest pension service providers as its first solar investment.

Origis sweeps up the 2nd-largest solar project in the South

The Miami-based developer and asset owner has acquired First Solar’s GA Solar 4 project, which clocks in at 200 MW-AC as the 2nd-largest solar project in the U.S. South and east of the Mississippi to date.

100 MW of desert solar moving from developer to investor

D. E. Shaw Renewable Investments has acquired an under construction 100 MW solar power project being built by First Solar in Kern County, California, which will feature the large-format Series 6 module.

SolarEdge charges into storage market with Kokam acquisition

The power electronics maker will buy 75% of Kokam’s shares for $88 million, with an intent to acquire the remainder thereafter. Strategic company acquisitions and close partnerships are characterizing this year’s inverter market, as companies seek to diversify and integrate storage systems and other technologies.

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