By [email protected] Over the past decade, Geli has seen its software put to use to design, install and operate megawatts of grid-connected and behind-the-meter battery and microgrid projects. On Thursday, the San Francisco-based startup agreed to be acquired by Hanwha Q Cells, to serve as the solar module giant’s entrée into North American commercial and…
By Kelly Pickerel Q CELLS has signed an agreement to acquire a 100% stake in San Francisco-based energy storage solutions company Growing Energy Labs Inc. (Geli). The transaction is subject to customary closing conditions, including regulatory approvals. Geli’s end-to-end software platform streamlines the energy storage development process, offering a solution for design, automation and management…
By [email protected] After years of development, the University of Maine has landed two major energy investors for its floating offshore wind demonstration project, announcing that units of Japan’s Mitsubishi Corp. and German utility RWE will buy and build the project — a potential door-opener for the U.S. floating wind market. RWE Renewables and Mitsubishi-owned Diamond…
By [email protected] Eos Energy Storage spent 12 years building up a technology it says can rival the dominant lithium-ion batteries for storing grid power. Similar startups ran out of cash and fell by the wayside, but Eos has survived, and now plans to leave venture capital behind and enter public markets via a merger with…
By [email protected] Shell’s new Nature-Based Solutions business has made its first acquisition, with the Anglo-Dutch oil major announcing Monday that it will buy Australia’s Select Carbon. Shell has a net-zero ambition for 2050 and has been upfront about the contribution carbon offsets will make to that effort. In addition to selling more gas, less oil…
By Michael Mazengarb Shell expands its Australian push into businesses beyond the fossil fuel sector with the acquisition of carbon offset firm Select Carbon. The post Shell buys into carbon offsets market, adding to solar and battery purchases appeared first on RenewEconomy. Read Full Article Here For more great articles: Renew Economy
By National Wind Watch A public discussion on the proposed wind farm at Piirsalu in Lääne-Nigula municipality, Lääne County brought up plenty of controversy Wednesday evening, current affairs show “Aktuaalne kaamera” (AK) reports. Enefit Green, state-owned electricity generator Eesti Energia’s renewables subsidiary, announced last year they plan to build the facility. The special plan was…
By [email protected] Since its acquisition of SolarCity in 2016, Tesla has systematically eliminated all active customer-acquisition channels. In 2017 the company stopped door-to-door sales. In 2018, it pulled out of its retail partnership with Home Depot before finally closing all Tesla retail stores in 2019 and directing potential customers to its online platform. Tesla has…
Japanese gas utility taps developer Hecate Energy for US$466m buy as it looks overseas for the first time Read Full Article Here For more great articles: PV-Tech
By Billy Ludt Nelnet Renewable Energy, a company specializing in community solar subscriber acquisition and management services, will manage services for five new community solar projects planned or under construction in New York. Combined, that will provide a total of 20 MW of local, clean energy — and energy cost savings — to customers in…
By Kelsey Misbrener First Solar announced that Goldman Sachs Renewable Power, a private company managed by the Renewable Power Group of Goldman Sachs Asset Management (GSAM), acquired the 123-MWAC American Kings Solar project in a transaction that closed at the end of June 2020. Located in Kings County, California, the project is backed by a…
By Kelsey Misbrener Greenbacker Renewable Energy Company announced that, through a wholly-owned subsidiary, it purchased the rights to a portfolio of 5.9 MW of to-be-constructed solar projects, developed by Ameresco. The portfolio consists of sites in Massachusetts and New Jersey. In Natick, Massachusetts, 0.6 MW is contracted to the off-taker, Natick Public Schools. In Princeton,…
By Press Release TransGrid today welcomed OMERS, one of Canada’s largest defined benefit pension plans, to its ownership group, this announcement follows OMERS acquisition of a 19.99% stake in TransGrid from Wren House Infrastructure Management. The post TransGrid welcomes OMERS to its ownership group appeared first on RenewEconomy. Read Full Article Here For more great…
By [email protected] Earlier this month, Sunrun, the largest residential solar company in the U.S., declared its intent to acquire Vivint Solar, the second largest installer. It’s an all-stock transaction that would value the combined entity at over $9 billion. It’s a big deal — literally. The enterprise value attached to Vivint is $3.2 billion, which…
By [email protected] (Stephen Edelstein) As Tesla stock soars, electric-car startup Fisker Inc. announced Monday that it plans to become a publicly-listed company. In order to go public, Fisker will merge with Spartan Energy Acquisition Corp., a special purpose acquisition firm backed by private equity firm Apollo Global Management. The deal values the combined companies at…