bp plans to fully acquire Lightsource bp, leveraging its capital-light model and bp’s financial and trading expertise to drive double-digit equity returns. The integration supports bp’s growth in hydrogen, EV charging, biofuels, and power trading. The acquisition is structured competitively, emphasizing performance, and may involve bringing in a strategic partner in the future.
GOLDBECK SOLAR debuts Solar Operations & Maintenance Services in North America, emphasizing renewable energy advancement. Boasting a 1.5 GW O&M portfolio, the company offers holistic solutions, real-time monitoring for performance optimization, and eco-friendly practices. With 24/7 responsiveness, transparent cost-efficiency, and customer-tailored focus, GOLDBECK SOLAR ensures optimal value for solar investments.
SJVN Green Energy Limited invites bids for purchasing or leasing 1000 acres of land in Punjab for solar projects, up to 200 MW. Bidders can propose multiple parcels, totalling 1500 acres, with a minimum annual GHI of 1650 kWh/m². Bid security ranges from Rs. 5,00,000 to Rs. 20,00,000 based on land area and bid submission…
Boviet Solar, a leading solar tech firm, achieves Q4 2023 Tier 1 status as a PV module manufacturer by BloombergNEF. Maintaining this recognition since 2017, the status signifies financial stability and reliability. Boviet’s in-house PV modules contributed to six bank-financed projects in the last two years, enhancing its bankability and reinforcing its position as a…
Maxeon Solar Technologies investigates firms infringing its TOPCon solar cell patents in the U.S. They are monitoring the market for potential violators planning to import or manufacture solar panels with TOPCon cells. Maxeon safeguards its innovations and products with a vast patent portfolio across multiple countries. Legal actions were taken against Tongwei and Aiko earlier…
Nordic Solar reported Q3 2023 results with revenue at EUR 21.2 million and a net profit of EUR 5.1 million, both down from Q3 2022.The revenue secured by PPAs, feed-in tariffs, and government subsidies increased to 66.8%. The total portfolio increased by 7% to 1,915 MW, and operational portfolio capacity grew by 20% to 390…
In Q3 2023, Maxeonss shipments declined to 628 MW from 807 MW YoY, leading to a revenue drop from $275,449K to $227,630K, over same period. Q3 gross profit was $2,728K, significantly lower than $56,223K in Q2 2023. Looking to Q4 2023, the company anticipates shipments between 610 MW and 650 MW, with revenue projected at…
Maxeon Solar Technologies files patent infringement lawsuits against Shanghai Aiko Solar Energy Co., Ltd., its subsidiaries, and wholesaler Memodo GmbH in Mannheim District Court, Germany. The lawsuit focuses on infringement of Maxeon’s European Patent EP2297788B1, related to back-contact solar cell architectures. Maxeon’s Interdigitated Back Contact solar cells optimize efficiency by exposing the front surface to…
Maxeon Solar and SunPower have successfully revised their supply agreement, settling previous disputes. Maxeon will provide modules to SunPower until February 2024, while SunPower maintains exclusive U.S. distribution rights for M-Series products until March 31, 2024. As part of the resolution, Maxeon is released from non-circumvention obligations and is granted warrants for SunPower stock.
Emeren Group Ltd finalizes the sale of a 29 MW PV portfolio in Spain to Rubis Photosol, facilitated by the European Solar Energy Development JV. The portfolio, located in Alicante, is set to generate 57,000 MWh of clean energy, able to power 20,000 households starting H2 2025. Advisors include Finergreen, Squire Patton Boggs, Everoze, and…
