Opinion

Week Review 29 August - 2 September - JP Morgan AM acquires Sonnedix; Iberdrola building 200MW PV in Mexico


02 Sept. 2016 by Tom van der Linden, Solarplaza

Digest of the most relevant solar news of the week that just ended.


WIR


JP Morgan Asset Management acquires solar developer Sonnedix

The firm has acquired nearly all of solar power developer Sonnedix Group. "With the declining cost of implementation, coupled with the strong appetite for renewables as an asset class, the global Sonnedix platform is well positioned to continue its growth strategy,"  said Matthew LeBlanc of J.P. Morgan Asset Management. 

NEXTracker supplies trackers for 105 MW PV plant in India

The U.S. tracker manufacturer has delivered its trackers to the 105 MW plant in the State of Punjab, which will become India’s largest solar plant that uses tracker technology, once it goes online later in the year.

Spain's Iberdrola to build 200 MW solar farm in Mexico 

This will be the first photovoltaic power plant of Iberdrola in Mexico, and will be located in Cuyoaco and Ocotepec municipalities, spreading on 755 hectares. Globally, the company has a project portfolio of 1 GW in solar energy, of which 550 MW are in advance state of development (full article in Spanish). 

RWE’s Innogy has agreed to acquire German solar and battery specialist Belectric

The transaction is pending approval from competent anti-trust authorities in Europe. It is expected to be closed by early 2017. For over 15 years, BELECTRIC Solar & Battery is in the business of design, installation, operation and maintenance of utility scale photovoltaic (PV) plants. It has also been active in the field of large-scale battery storage solutions.

Solar to power 40,000 poor households without electricity in Philippines

The World Bank’s Global Partnership on Output-Based Aid (GPOBA) is providing $3 million (£2.3m), the European Union has granted $12.8 million (£9.8m) and an additional contribution is being made by the Department of Energy of the Philippines. The project will target remote areas and isolated islands where marginalisation has increased by a lack of electricity.

Trina Solar starts Japan battery storage subsidiary

Under its new TrinaBEST (Battery Energy Storage by Trina) brand, the Tier-1 PV module supplier has established the new unit in Tokyo to cater to growing demand for storage technologies in the country.

Enerray to build 104 MWp PV plant in Brazil

It is the second contract that the Italian company has won from Enel Green Power for a large-scale solar plant in Brazil, after it began construction on the mega 254 MWp Ituverava PV plant late last year.


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