The addition increases the number of BayWa r.e. warehouses from six to 16, and is expected to reduce product delivery times.
DEPCOM Power builds utility-scale solar power plants and manages ongoing operations, maintenance, and refurbishment services.
Also on the rise: NextEra Energy sells a 50% stake in a renewables portfolio for almost $850 million, and a discovery may lead to a big jump in perovskite solar cell efficiency.
The deal includes long-term O&M agreements for the solar, storage, and wind assets.
The company said it will use the proceeds for its long-term strategic growth plans, including investing in its battery storage business and growing its storage pipeline.
A new Ernst & Young power and utilities overview report shows that utilities and other deep-pocketed investors are putting financial support behind their environmental, social and governance initiatives.
The deal clears a path for Enphase to enter the EV charging market and offer bi-directional charging or vehicle-to-home and vehicle-to-grid applications.
Also on the rise: Costs for all types of solar PV continue to fall, NREL says; and financing is lined up for a solar project near Denver.
Subject to regulatory approval, the electrical wholesale distributor will purchase the PV equipment distributor.
The projects include 6.6 MW in capacity and are the third and fourth acquired by Greenbacker from ReneSola in Maine this year.
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