By Kelsey Misbrener Six years after Mosaic revolutionized the residential solar sector by offering innovative financing options, the company announced the launch of PowerSwitch 6, the next generation of home solar loans. Backed by one of the premier global private equity firms and enjoying strong partnerships with top-tier financial institutions, Mosaic also announced that it…
By Sponsored Content Tesla Inc, led by billionaire entrepreneur Elon Musk, is known around the world for its successful development of electric vehicles. In 2015, the company also entered the renewable energy market with its Tesla Energy division. This division manufactures and installs residential solar energy system components. Shortly after, in 2016, Tesla acquired the…
By Sponsored Content If you’ve considered taking the plunge into the electric vehicle (EV) market, Tesla Motors needs no introduction. The most well-known manufacturer of EVs in the world, Tesla recently expanded into residential solar through acquisition of solar panel company SolarCity. The goal, as described on Tesla’s website, is to create “the world’s only…
Altus Power has acquired a multistate operating portfolio of ground-mounted solar assets located in Massachusetts, North Carolina and New Mexico. The portfolio has a combined generation capacity of 19MW. Read Full Article Here For more great articles: PV-Tech
By Kelsey Misbrener Altus Power has completed the acquisition of a multi-state operating portfolio of ground-mounted solar assets. The 19 MWDC portfolio of solar energy systems sells clean, renewable energy to offtakers ranging from regional and national utilities to various municipalities in Massachusetts, North Carolina and New Mexico. Altus acquired the portfolio from a lender…
By [email protected] Denmark’s Vestas, the world’s leading wind turbine supplier, is moving to acquire a stake in renewables project developer Sowitec — part of a trend of wind manufacturers diversifying to offer multi-technology solutions to customers around the world. Vestas this week announced a deal to acquire a 25.1 percent stake in privately owned Sowitec,…
By [email protected] Senvion has filed for insolvency. This comes as little surprise in light of the recent struggles of the German wind turbine manufacturer. Wood Mackenzie’s latest market share forecast highlighted the company’s global positioning falling from a meager 4 percent of global share to less than 1 percent by 2025 as legacy orders from…
By Kelsey Misbrener CVE North America, an independent power producer based in New York, announced the launch of its community solar offering — branded “Halo” — starting with one acquisition in Acushnet, Massachusetts. and several builds for the Solar Massachusetts Renewable Target (SMART) program, where it ranks among the Top 10 competitors in capacity submitted…
By [email protected] This year will break records. More gigawatts of solar will be installed than in any year before. In January, we learned that customer demand has reached unprecedented levels. And that is just one part of the story. Behind the scenes, financiers and investors are fueling growth by lowering the cost of capital, entering…
By [email protected] Faraday Grid, the Scottish maker of a mystery transformer technology, has embarked on the spending spree it announced in January after raising $32.5 million. In the last week it has announced two acquisitions and opened innovation centers in the U.S. and Europe. Both acquisitions were in the Czech Republic. Faraday Grid has not…
French renewable energy company Tenergie, through its JV, Terres d’Energie, has signed off on a deal to acquire 29 operating PV projects, representing a combined generation capacity of 108MW, from the DIF Infrastructure III and IV Funds. Read Full Article Here For more great articles: PV-Tech
By [email protected] Swiss fund manager SUSI Partners acquired a 50 percent stake in AMS’ Southern California portfolio of distributed battery storage systems Monday. The package includes more than 90 lithium-ion systems adding up to storage capacity of 63 megawatts and 340 megawatt-hours. AMS will continue to operate the assets. AMS secured contracts with utility Southern…
By Blagojce Krivevski Daimler Trucks and Torc Robotics, a pioneer in autonomous driving solutions, are joining forces in a one-of-a-kind combination to commercialize highly automated trucks (SAE Level 4) on U.S. roads. Going beyond an OEM/supplier relationship, the companies signed an agreement today for Daimler AG’s subsidiary Daimler Trucks and Buses Holding Inc., to acquire…
EnBW is in line to acquire 100% of the shares in French developer Valeco Group, which operates more than 250MW of wind farms. Read Full Article Here For more great articles: Wind Power News & Analysis RSS Feed
By Michelle Froese Enel, through its U.S. renewable subsidiary Enel Green Power North America (EGPNA), has closed an agreement to purchase Kansas-based renewable developer Tradewind Energy, Inc. EGPNA has purchased all of Tradewind’s development platform comprising of 13 GW of wind, solar, and storage projects located throughout the U.S. With this current acquisition, EGPNA will…