Solar Industry Mag

The 2020s will be crucial for all the participants in the power industry as the transition toward renewable energy is expected to increase, while coal takes a downturn in most developed markets, according to Frost & Sullivan’s recent analysis, Growth Opportunities from Decarbonization in the Global Power Market, 2019-2030. Falling costs and renewable-friendly energy … [Read more...] about Frost & Sullivan: $3.40 Trillion to be Invested in Renewable Energy by 2030

Wasatch Energy Group and sonnen have committed to deploying a series of residential virtual power plant (VPP) projects in California.  The Wasatch California VPP Fleet I and II will outfit some 3,000 residential apartment homes with solar generation and sonnen intelligent battery energy storage. In aggregate, the project is set to become the largest … [Read more...] about Wasatch Energy Group, sonnen Launch VPP Projects in California

First State Investments (FSI), a global investor in infrastructure, and Energy Capital Partners (ECP), a power and renewables private equity investor, say FSI is acquiring a 40% stake in Terra-Gen from ECP. The terms of the agreement were not disclosed. Terra-Gen, based in New York, develops, constructs and operates utility-scale wind, solar, energy storage and geothermal … [Read more...] about FSI Acquires Stake in Terra-Gen from ECP

SunPower and Maxeon Solar Technologies have completed the strategic transaction announced last November, separating into two independent public companies.  “Now is the right time for this strategic spin-off, allowing both SunPower and Maxeon to invest in key programs to drive their future profitable growth,” says Tom Werner, chairman and CEO of … [Read more...] about SunPower, Maxeon Complete Spin-Off Transaction

The Carlyle Group, a global investment firm, has acquired a portfolio of solar development projects in the state of Maine – through a newly-established affiliate Acadia Renewable Energy LLC – from the global solar independent power producer BNRG. The portfolio is comprised of eight solar projects across southern Maine. The projects will sell power to Central Maine … [Read more...] about The Carlyle Group Acquires Maine Solar Development Portfolio