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.
Renewable energy merger and acquisition opportunities for 2024
FTI Consulting said incentives in the Inflation Reduction Act could cause a “seismic shift” on the U.S. economy as a whole over the next 12 to 24 months.
Standard Solar acquires 84 MW community solar portfolio in Illinois
Construction of the 14 projects in the portfolio is expected to begin this year.
Venture capital funding in energy storage increases 59% year over year
Mercom Capital reported the U.S. invested $9.2 billion of venture capital in energy storage in 2023.
Scale Microgrids acquires 500 MW of distributed solar projects
The company purchased distributed solar and storage projects across the United States, including in New York and California.
Commercial solar lender Sunstone Credit acquires Orka Finance
The company offers financing for small to medium-sized businesses investing in solar.
Nautilus Solar acquires 16 community solar projects in Illinois
The community solar specialist expands its footprint into the Midwest with the acquisition of this 75.6 MW portfolio.
Standard Solar expands into Texas with recent solar acquisition
The 9.9 MW commercial solar project acquired from EDF Renewables North America expands the Standard Solar portfolio to 23 states.
