The trend continues of having European utilities working to broaden their horizons and going solar. This time it is RWE, one of the largest utilities in Europe, buying Belectric Solar. Belectric had a US partnership with Smart Energy Capital before it was acquired by NextEra a few years ago but it also has a global platform. RWE and its main competitor, EON, announced last year that they would split the central generation from the consumer generation (read renewables) to let shareholders make their choices of business model to support. Innogy is that consumer centric unit for RWE and is the unit acquiring Belectric. EON already has partnerships and investments into Sungevity and Greensmith. They also announced the entry into Belgium with Sungevity yesterday.
- PV-Magazine: RWE to acquire PV and storage specialist Belectric Solar & Battery
- NBC: Virginia’s first community solar project launches
- CleanTechnica: Countries With Pro-Nuclear Agenda Making Slower Progress On Climate Change
- EDF: 2 Ways El Paso Just Upped Texas’ Solar Game
- Renewable Energy World: How Medium And Small Firms Can Join The Renewable Energy Rush
- Bloomberg: GCL-Poly to Buy SunEdison’s Material Business for $150 Million
- Grist: Solar is nearly 10 percent cheaper than it was a year ago.
- Vox: It’s not just solar panels. Electric cars can be contagious, too.
Opinion
Have a great day!
Yann