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BP re-enters solar market with aquisition of 43% stake in Lightsource for $200M

London-based renewable energy developer Lightsource and British multinational energy business BP today announced that they have agreed to form a strategic partnership, bringing Lightsource’s solar development and management expertise together with BP’s global scale, relationships and trading capabilities to drive further growth across the world.

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Renewables can increase to 61% of EU electricity mix in 2030 at lower cost, report says

New analysis shows how cheap renewables and flexible demand could replace more than half of European coal and gas generation by 2030, while reducing system cost and almost doubling emissions savings from the power sector, compared to current plans.

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New €700 million pan-European infrastructure fund to support investment in renewables

European Investment Bank (EIB) and Europe’s leading National Promotional Banks announces the launch of Marguerite II, a pan-European infrastructure fund with total commitments in excess of EUR 700m, ensuring continued support to key infrastructure investments in renewables, energy, transport and digital infrastructure by the Marguerite platform.

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Massachusetts Solar and Energy Storage System to Protect Critical Facilities During Extreme Storms while Saving $400k a year

A new video showcasing the Sterling Municipal Light Department’s award-winning energy storage system premiered this week at the Solar Power International/Energy Storage International conference in Las Vegas and at the Innovation Northeast’s Energy Storage & Microgrid conference in Boston. The video highlights the municipal utility’s energy storage microgrid, which is bringing both economic and resiliency benefits to the town of Sterling, Massachusetts. The groundbreaking energy storage project is the result of a collaboration among municipal, state, federal, industry, philanthropy, and nonprofit partners.

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HelioPower Successfully Emerges from Chapter 11 Bankruptcy

HelioPower, Inc., a leading solar power integration firm based in California, announced this week that it has successfully completed its corporate and financial reorganization. The reorganization plan, under Chapter 11 of the United States Bankruptcy Code, substantially de-leverages the company’s ongoing business and stabilizes the financial health of the business.

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