As independent building blocks, the system can scale both power output and energy storage capacity independently, allowing for multiple use cases that can serve customers more effectively based on their individual needs.
Gibraltar acquired Sunfig and TerraSmart to provide an end-to-end solution for our customers, which will bring greater value to solar projects of any size, any type and in any location.
Transactions strengthen solution portfolio and global reach to create a worldwide leader with over 18GW of solar PV, wind and storage assets under management.
5-Year Agreement Expected to Accelerate Global Adoption of AC Modules as the De Facto Residential Solution
"We're excited to provide a total solution for solar installers," said Peter Lorenz, President and CEO of Unirac, Inc. "Our customers have been asking us for a complete product line with the quality of Unirac's engineering and supply chain."
-Insourcing of blade manufacturing to strengthen GEs supply chain, increase competitiveness and deliver greater value to customers -LM Wind Power to continue supplying wind blades to all industry players -Deal to be accretive to GE earnings in 2018
Viridity Energy, Inc., a leading demand response, demand management, and battery storage solutions provider, announced today that Ormat Technologies, a global geothermal and renewable energy company that has over five decades of experience, has signed a definitive agreement to acquire substantially all of Viriditys business and assets in a cash transaction.
Liberta Partners, a Munich-based Multi-Family Office, has acquired the leading provider of monitoring, control and supervision systems, skytron® energy. Terms of the acquisition were not disclosed.
BayWa AG, Munich, through its subsidiary BayWa r.e. renewable energy GmbH, acquired the photovoltaic distributor Solarmatrix based in the West Australian city of Perth and thus enters the solar module and components business in Australia. The activities of Solarmatrix will be continued with the company BayWa r.e. Solar Systems Pty Ltd. formed specifically for this purpose.
Overall, solar companies categorized as wafer/ingot producers experienced the strongest margin performance over the last year, while each sector exhibited certain levels of improvement.
Chris Martin for Bloomberg Technology: Elon Musk’s Tesla Motors Inc. reached an agreement to buy SolarCity Corp. for $2.6 billion, about $300 million less than an initial proposal criticized as a “bailout” for the solar company in which he’s the largest shareholder. SolarCity investors will receive $25.37 a share in stock under the agreement, according to a statement Monday. Musk initially offered $26.50 to $28.50 a share in Tesla stock. Analysts have said in the past that the bid was too low and investors have questioned the wisdom of Musk combining his electric-car maker with the clean-energy company. The deal, which allows SolarCity to solicit competing takeover offers through Sept. 14, will now go to the shareholders of the companies for approval. Cont'd...
The takeover allows Ingeteam to strengthen its international positioning in the PV sector, particularly in India and the United States As part of its strategic plan, the transaction allows Bonfiglioli to continue focusing on its core business
Johana Bhuiyan for Recode: Tesla’s board of directors has just sent an offer to acquire SolarCity to the company’s CEO. In other words, the electric car company Elon Musk is the CEO of just offered to buy the solar company Elon Musk is the chairman of. In the letter, sent to SolarCity co-founder and CEO Lyndon Rive, Tesla’s board of directors offered to buy all of SolarCity’s remaining common stock in exchange for Tesla’s common shares. That’s $26.50 to $28.50 a share, according to the board. The stock-for-stock deal amounts to about $2.8 billion based on where Tesla stock was trading before the proposal was announced. As of yesterday, Musk personally owns 22,160,370 shares of SolarCity. So if the respective boards of each company approves the acquisition, Musk would personally reap $587,249,805 to $631,570,545. Tesla’s move to acquire the solar company will help Musk in his goal of accelerating the world’s transition to using completely sustainable fuels in transportation. Cont'd...
From DW.com: Spanish renewable energy group Gamesa has agreed combine its wind power business with those of Germany's Siemens in a deal that will create one of the world's largest makers of wind turbines. In a note to the Spanish stock market regulator on Friday, Gamesa said it had reached the necessary "corporate approval for the potential integration of Siemens' wind business," with the final terms of the deal still needing to be agreed upon. The announcement followed months of negotiations between the two companies and it comes as demand for wind power surges as countries develop more renewable energy to comply with emissions cut targets. Although no price tag has so far been put to the merger, financial news agency Bloomberg reported that Siemens would pay around one billion dollars (890 million euros) to Gamesa as part of the operation. The German engineering group would hold a majority stake of 59 percent of the new wind venture, Bloomberg said, citing people familiar with the matter. Gamesa's biggest shareholder, Spain's biggest power company Iberdrola, would have a 20 percent stake in the new firm, according to Spanish media reports. Cont'd...
Merged company will maintain its strong presence in current markets
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