Sunrise brief: Milestones for residential solar in 2021
Also on the rise: A new EV battery factory in South Carolina, lithium-ion battery recycling company expands, solar module manufacturer Silfab and national installer Titan Solar strengthen partnership, more funding for solar on tribal lands, Apex Clean Energy inks deal with Wyerhaeuser, Shell buys storage and energy company Savion.
Shell buys solar and storage company Savion
The transaction, for which Shell did not reveal the purchase price, will see the energy company pick up a U.S. project development pipeline that reportedly runs to more than 18 GW of solar generation and energy storage capacity across 26 states.
Westbridge acquires a 236 MW Canadian solar project
Among the largest projects proposed in Canada, the Sunnynook Solar Energy project is set to bring Westbridge’s solar portfolio to over 735 MW in capacity.
Sunrise brief: EPC contractor buy expands Koch’s solar reach
Also on the rise: Duke agrees to new net metering rates, Ingeteam supplies inverters for BESS project, and Powin launches battery energy storage system.
Solar distributor Beacon Solar is sold to BayWa r.e.
The addition increases the number of BayWa r.e. warehouses from six to 16, and is expected to reduce product delivery times.
Koch expands its solar reach with EPC firm acquisition
DEPCOM Power builds utility-scale solar power plants and manages ongoing operations, maintenance, and refurbishment services.
Sunrise brief: ACORE report finds room for improvement in how renewables are valued
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.
NextEra Energy sells a stake in a renewable energy portfolio for $849 million
The deal includes long-term O&M agreements for the solar, storage, and wind assets.
Canadian Solar raises $150 million to fund possible acquisitions
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.
Utilities and financial investors are investing in renewables, especially hydrogen, like never before
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.
