Acquisition of Avantus complete
KKR, a leading global investment firm, acquired the utility-scale solar and storage developer and closed a $522 million development facility to advance Avantus’ pipeline.
With acquisition of Lyra, Aurora adds automated permitting to its toolbox
Lyra provides permit packaging software that automates permit-ready solar designs.
Sunrise brief: California approves 525 MWac of solar and 320 MW of geothermal
Also on the rise: Global solar installations to nearly quadruple by 2033. Vineyard installs solar to keep distillery warehouse cool. And more.
Aggreko Energy acquires C&I solar developer
With the acquisition of Infiniti Energy, Aggreko expands its commercial and industrial development portfolio.
Google invests in Taiwanese solar developer New Green Power
Google has made a capital investment in Taiwan-based New Green Power, in a deal that grants the U.S. company the rights to procure up to 300 MW of solar assets.
Sunrise brief: Recurrent Energy transfers $103 million in tax credits for Oklahoma project
Also on the rise: Wendy’s enrolls in community solar to power 130 locations. Generac acquires commercial and industrial energy storage provider. And more.
Generac acquires commercial and industrial energy storage provider
The company acquired engineering, procurement, and construction firm PowerPlay Battery Energy Storage Systems.
TCL Zhonghuan reveals plans to acquire majority stake in Maxeon
Chinese wafer manufacturer TCL Zhonghuan says it wants to invest around $197.5 million to increase its stake in Maxeon from 22.39% to at least 50.1%. A Maxeon spokesperson told pv magazine that the plan would place the company in a solid financial position.
Apricus Generation buys stake in Nexus Renewables
U.S.-headquartered Apricus Generation says it has acquired a controlling stake in Toronto-based Nexus Renewables – its first strategic acquisition.
Mercom, WoodMac note challenging PV investment climate in Q1
Mercom Capital Group says that total corporate solar funding, global venture capital funding, public market financing, and PV mergers and acquisitions all fell year on year in the first quarter of 2024. The sector is still grappling with high interest rates, which Wood Mackenzie says is disproportionately affecting renewables projects.
