Acquisitions

Recurrent Energy has sold its 49% stake in two California solar power plants, the 258 MW-DC Tranquillity and the 272 MW-DC Garland Solar plants, to one of Denmark’s largest pension service providers as its first solar investment.

The Miami-based developer and asset owner has acquired First Solar’s GA Solar 4 project, which clocks in at 200 MW-AC as the 2nd-largest solar project in the U.S. South and east of the Mississippi to date.

D. E. Shaw Renewable Investments has acquired an under construction 100 MW solar power project being built by First Solar in Kern County, California, which will feature the large-format Series 6 module.

The power electronics maker will buy 75% of Kokam’s shares for $88 million, with an intent to acquire the remainder thereafter. Strategic company acquisitions and close partnerships are characterizing this year’s inverter market, as companies seek to diversify and integrate storage systems and other technologies.

The Exelon subsidiary buying up PFMG follows on a long history of collaboration between the two companies.

Mercom Capital’s latest report shows sustained low levels of funding for solar companies but strong investment in solar projects and many acquisitions.

Under what is being described as a JV, Con Edison will offer Johnson Controls’ systems for control and management of batteries to a wider audience, and give ConEd another arrow in its quiver of clean energy solutions.

The project on several sites on a landfill will become the second made available to community solar customers of PEPCO’s Maryland service area.

The high-efficiency PV maker has closed on SolarWorld’s Oregon factory, which will transition from SolarWorld products to SunPower’s P-type shingled modules.

8minutenergy has entered into a definitive agreement to sell its interest in the 121 MW-DC Springbok 3 Solar Farm to Capital Dynamics. The project has a 27-year contract to sell power to the Los Angeles Department of Water and Power.