Canadian Solar subsidiary Recurrent Energy completes sale of Mustang Solar Project to Goldman Sachs

Solar panels  manufacturer  and project developer based in Ontario, Canadian Solar Inc., announced its wholly owned subsidiary Recurrent Energy, LLC has sold its equity stake in the 134 MWp/100 MWac Mustang solar project to the Renewable Power Group of Goldman Sachs Asset Management, L.P. This transaction completes Recurrent Energy’s sale of equity stakes in the 973 MWp portfolio of California solar projects that came online in 2016. The Company expects to recognize the sales revenue from Mustang in the second quarter of 2019.

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Siemens selected by Department of Energy for $6.4 Million project to strengthen the resilience U.S. electricity grid

Siemens Corporate Technology (CT) US, Siemens’ central research and development (R&D) unit in the US, announced it was selected for a $6.4 million research award from the U.S. Department of Energy Solar Energy Technologies Office (SETO) to advance solar energy’s role in strengthening the resilience of the U.S. electricity grid.

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C2 Energy Capital signs agreements with Walmart for 46 solar projects across five U.S. states

U.S. based investor in renewable energy and storage assets, C2 Energy Capital,  announced  on May 8 that it executed 46 Power Purchase Agreements and leases with Walmart Inc. to provide solar power at the retailer’s operations in five states.

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Foresight grows its subsidy free solar portfolio with acquisition of 50MW Spanish solar project in Andalusia

Foresight Group, a leading independent infrastructure and private equity investment manager headquartered in London, announced the completion of the acquisition of the 50MW solar PV plant in the municipality of Puebla de Guzman in south-west Spain, Andalusia, from Spanish EPC contractor, Solaer Group.

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China’s GS-Solar to aquire a majority stake in Panasonic’s Malaysian solar cell factory and setting up a JV in Japan

Panasonic Corporation announced it has reached an agreement with GS-Solar (China) Company Ltd. to collaborate in the photovoltaic business. Under the agreement, Panasonic will transfer its solar manufacturing subsidiary, Panasonic Energy Malaysia, to GS-Solar, while separating its photovoltaic research and development function in order to establish a new company with the Chinese partner. Panasonic and GS-Solar will jointly operate and invest in this new company in Japan.

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