SolarEdge announces workforce reduction in response to market dynamics
SolarEdge Technologies, Inc. has announced a restructuring plan which includes a reduction in its global workforce.
Business Bytes
European Energy gains €700M boost in Mitsubishi HC Capital partnership
European Energy A/S secures EUR 700 million capital injection, welcoming Mitsubishi HC Capital as a strategic partner. The deal includes Mitsubishi subscribing to 72 million new shares and acquiring 3 million shares from major stakeholders, establishing them as the second-largest shareholder with a 20% stake. Mitsubishi HC Capital will play an active role in value…
Cubico expands portfolio with Peel Cubico Renewables acquisition
Cubico Sustainable Investments has successfully acquired Peel NRE’s 50% stake in Peel Cubico Renewables Ltd, bolstering its position in UK renewable energy. The deal includes the integration of Peel NRE’s renewables development team and the joint venture’s onshore wind and solar PV projects. With a capacity exceeding 350 MW and a 1.7 GW feasibility pipeline,…
Skylight and M&T Bank’s pioneering finance collaboration
SKYLIGHT LENDING secures a multi-million-dollar credit facility from M&T Bank, paving the way for expansion into five states.
BHEL issues tender for 5 MW solar project in Haridwar, seeks experienced bidders
BHEL invites bids for a 5 MW solar project in Haridwar, requiring a 25-year PPA, with a ₹30 lakhs deposit and a performance bank guarantee of ₹1.285 crores.
Saibaba Trust invites bids for 1 MW solar power plant in Maharashtra
Shri Saibaba Sansthan Trust is seeking E-Tenders from contractors for a 1.0MW Grid-connected Solar PV Power Plant in Maharashtra, India.
Elkem ASA expands portfolio with REC Solar Norway acquisition
Elkem ASA is set to acquire REC Solar Norway AS from Reliance Industries, gaining control of industrial areas in Kristiansand and Herøya.
Mahindra Group and Ontario Teachers’ Co-Sponsor India’s Largest Renewable Energy InvIT, SEIT
Mahindra Group and Ontario Teachers’ co-sponsor ‘Sustainable Energy Infra Trust’ (SEIT), India’s largest Infrastructure Investment Trust in renewable energy.
Voltalia surpasses revised 2.8 GW renewable energy milestone
Voltalia has surpassed its 2023 targets, with total capacity now at 2.85 GW, exceeding the revised goal of 2.8 GW. The initial capacity in operation target of 2.3 GW has been surpassed, reaching 2.37 GW. Power plants in operation grew from 1,571 to 2,370 MW, reducing under-construction capacity from 1,022 MW in 2022 to 480…
Oman Power and Water Procurement commences 500 MW solar project
Oman Power and Water Procurement (PWP) initiates tender requests, inviting developers for Ibri III Solar IPP, a 500 MW solar PV project at Ibri. The tender, priced at RO 350, has a submission deadline on 19 February 2024, aiming to diversify Oman’s fuel sources in alignment with the vision for clean energy and net-zero by…