According to Mercom’s Solar Funding report almost 25.5 GW of solar projects were acquired in the first half of the year, totaling $18.5 billion.
India’s Himadri Speciality Chemical has acquired a 12.79% stake in Sicona Battery Technologies, an Australian startup that specializes in high-capacity silicon anode technology for lithium-ion batteries.
The acquisition will strengthen Siemens’ capability to address the fast-growing demand for electric vehicle (EV) charging infrastructure in India.
Post this acquisition, IndiGrid’s overall solar assets portfolio will reach 674 MWp.
First Solar has agreed to pay $38 million to buy Swedish manufacturing startup Evolar AB, as it seeks to expand development of high-efficiency tandem PV tech.
JSW Energy arm JSW Neo Energy has completed the acquisition of 1,331 MW of wind capacity and 422 MW solar from Mytrah Energy for INR 10,150 crore ($1,235 million).
Gensol Engineering Ltd has acquired Pune-based Scorpius Trackers for INR 135 crore ($16.42 million). The acquisition allows Gensol Engineering to offer a comprehensive solar EPC package that includes Scorpius Trackers’ innovative solar tracking technology.
The solar plant is purportedly located in Gujarat and benefits from supplying power to the state-owned power distribution utility.