Monitoring consolidation: AlsoEnergy acquires skytron, Draker
The renewable energy software company will keep the skytron brand and platform, as well as providing services for Draker’s customers.
Schletter acquisition could save North Carolina factory
The company’s U.S. subsidiary is part of the purchasing agreement, which appears to come just in time as the factory in Shelby was running out of funds to operate.
Recom’s acquisition of Jabil lines could lead to a U.S. solar factory
The PV module manufacturer started negotiations with Jabil after the United States introduced duties on solar imports. Recom plans to restart manufacturing activities with Jabil’s 700 MW production equipment in the first quarter of 2019. Where exactly this will take place has not been disclosed yet.
Texas to get its biggest solar plant at 315 MW-DC
Innergex purchased the rights to develop the massive Phoebe solar power plant on the day that the project received a full notice to proceed with construction.
Sempra Energy selling 1.2 GW of solar projects
Sempra Energy is selling off a portion of its energy generation assets as part of an activist shareholder’s push to “optimize” its portfolio.
SunPower, First Solar close on sale of yieldco 8point3
The sale brings in $240 million for First Solar and $360 million for SunPower, as both companies re-focus on manufacturing. Capital Dynamics now owns the yieldco.
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.
