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Oaktree acquires Solarrus
The investment is set to bolster the leading U.S. O&M services group and provides Oaktree with a foothold in “a nascent industry with enormous growth potential.” Solarrus has also appointed a new chief executive.
Powerhive raises $20 million for off-grid development in emerging markets
The investment allows Powerhive to expand its renewable microgrid development using its propriety technology and supply affordable and reliable electricity to off-grid communities in emerging markets.
Egypt preps tender for 30 GW of energy projects
Government officials, public sector stakeholders and regulators will gather next month in Cairo for a special summit aimed at engaging investors and developers for a slew of major energy and infrastructure projects.
SMA returns to the black in 2015
Provisional results from the worlds largest inverter maker show revenue growth and a return to profitability in the second half of 2015, after two and a half difficult years.
Mitsubishi Research Institute to launch solar fund
The Mitsubishi Group’s main consulting unit is joining forces with its corporate affiliate to buy and turn around poor performing megasolar plants in Japan.
Spain's Supreme Tribunal rules against PV system owners
The court rejected claims calling for compensation for cuts to the feed-in tariff for solar introduced by the government in 2010. The five appeals represent another 150 businesses which have presented similar appeals. ANPIER calls the ruling unjust.
What’s next for Jordan’s solar PV sector?
Abu Dhabi-based Masdar has this week published an official announcement about the installation of a new 200 MW PV plant in Jordan. pv magazine expands on the news and looks at the implications for the Jordanian solar market.
Enel receives $1 billion credit line from China
Enel has signed a US$1 billion framework agreement with the Bank of China and the China Export & Credit Insurance Corporation (SINOSURE) to promote the development of global projects, particularly under Enel Green Power.
Africa: Djibouti announces 300 MW solar project as part of 100% renewable future goal
The Djibouti Government has announced work is underway on a 300 MW solar PV plant. Around EUR 360 million will be invested in the project, which is being undertaken by Switzerlands Green Enesys. The goal of the African country is to procure 100% of its energy from renewables.
Mercom: Battery/storage M&A activity tops $2.4 billion in 2015
Mercom Capital Group has released its figures for battery/storage funding in 2015. While investment in the venture capital, and debt and public market financing sectors both fell, merger and acquisition (M&A) transactions saw a significant increase.
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