Aerospace manufacturer Rocket Lab takes over space solar cell maker Solaero
Rocket Lab has acquired space solar cell maker Solaero for $80 million. The latter operates an 11,000m2 manufacturing facility in New Mexico and produces multi-junction cells with efficiencies ranging from 29.4% to 32%.
Stem Inc. acquires AlsoEnergy
Hoping to create a one-stop-shop solution for renewable energy projects, the deal adds 32.5 GW of solar assets across 50 countries to Stem’s existing software services platform.
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.
