Texas developer sells solar portfolio for $100 million
Fengate Real Asset Investments announced a $100 million equity commitment and co-development partnership with Texas-based PowerFin Partners, along with the acquisition of a 9.1 MW portfolio of operating solar projects in Austin and San Antonio.
Southern Company sells off 1/3 stake in solar portfolio to Global Atlantic
The retirement and insurance provider will pay $1.2 billion for a share of the power giant’s 1.7 GW solar portfolio. Southern will still operate the projects.
Solar power funding collapses during Q1
The section 201 case took a big bite out of corporate solar and large-scale project funding, and the quarter also saw a stunning $8.3 billion in reported mergers and acquisitions.
Jürgen Stein steps down as SolarWorld Americas CEO
As what may be the first sign of many changes, the President and CEO who led SolarWorld through the Section 201 case is being replaced by a restructuring veteran.
SunPower to exit utility-scale solar development
The company is pivoting to DG solar and expanding its manufacturing as it continues to struggle with profitability.
Private equity sees gold in solar power development
Ares Management LP’s energy and infrastructure fund has announced a plan to acquire a majority stake in Conti Solar, a solar power developer and EPC which has built 500 MW of solar projects.
SunPower to buy SolarWorld Americas
The two biggest names in the solar trade fight will now be one company. SunPower will again be a U.S. manufacturer, and SolarWorld will begin producing P-Series modules.
Global solar power funding slows during Q1, 7.7 GW of assets change hands
Mercom’s Q1 2018 report shows only $2 billion raised during the quarter, a 2/3 fall from the previous quarter and a decline on a year-over-year basis.
Lawsuit over Elon Musk’s influence in SolarCity acquisition moves ahead
A Delaware judge has decided that the probability that Musk had significant influence and control over Tesla’s board means the lawsuit should move forward.
Recurrent Energy sells 235 MW-AC of solar power assets to Korean utility
The developer has sold off three large, operational solar plants to the Korea Electric Power Corporation, as parent company Canadian Solar moves into O&M.
