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.
Innogy’s US subsidiary will gain exclusive rights for the acquisition of 13 solar PV projects currently owned by North Carolina’s Birdseye Renewable Energy. The projects have a cumulative capacity of 440MW and are at various stages of development.
The battery integrator has already began to draw on the funds as it continues to expand its market presence in the United States and in Australia. Shell Ventures is now a major sonnen investor and and the companies have agreed to future cooperation.
Parent company Daimler will continue to offer batteries for residential applications to selected partners, but no longer under Mercedes Benz Energy. The company plans to align the stationary storage segment with its grid business.
Shortly before the announcement of its acquisition by SunPower, SolarWorld’s former U.S. subsidiary commented on the request by its competitors to be exempt from the new U.S. solar PV import tariffs.
And inaugural global energy storage report by GTM Research finds that while the United States remains the world’s leading market with newly installed capacity of 431 MWh, China is poised to rise to second place globally in 2019.
The list includes many of the big names in the industry as well as a request to exempt the entire EU panel industry.
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