The British energy and services company’s acquisition of the California C&I solar contractor is the latest among a number of moves it has made into solar and batteries.
As a result of the acquisition by the consultancy, GTM Research’s clean energy analysis is broadening along the energy value chain, and is integrating into Wood Mackenzie’s team of more than 70 energy analysts.
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.
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.
An academic event held last week in the U.K. presenting the results of two major research projects on energy storage provided an update on the current and future directions of battery storage technology and development.
With the sale the yieldco has almost completely divested from the United Kingdom, as its acquisition by Brookfield grinds forward.
Vortex, a renewable energy investment platform managed by Egypt’s EFG Hermes, to purchase TerraForm Power’s 365 MW U.K. solar portfolio for £470 million.
The renewable energy investor says that the taking TerraForm off SunEdison’s hands could allow the company to recover.
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