GTM Research rebrands as Wood Mackenzie Power and Renewables
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.
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.
REC Silicon hit by falling demand in Q2
The polysilicon maker has been a casualty of the trade war between the United States and China. Following layoffs, the company expects its plant in Washington to run at only 25% capacity until the trade war is resolved.
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.
REC Silicon lays off 40% of US workforce, reduces production
The Norwegian polysilicon maker has announced that it will today lay off around 100 employees from its Washington plant and reduce production, as a “direct result” of the trade dispute between the United States and China.
Global PV module prices collapse
The predicted fall in global PV module prices appears to have already begun, with PV Insights and EnergyTrend reporting average prices in the $0.27-$0.37 cent per watt range.
Innogy to develop 440 MW solar pipeline in the US southeast
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.
Sunpower secures a $300 million bridge to pay off loan certificates
The financially troubled PV maker has secured a last-minute line of credit to repay Total and other lenders, as it burns through cash.
Sonnen secures $70 million from Shell for US, Aus expansion
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.
