Energias de Portugal is in advanced talks to buy a majority stake in Sunseap Group in a deal that will value the Southeast Asian renewables company at around S$1 billion ($742 million) and involve substantial investments in the business, three sources with knowledge of the matter said on Tuesday.
The number of jobs in renewable energy worldwide increased in 2020, despite the huge economic disruptions caused by the COVID-19 pandemic, with the growing industry holding up better than fossil fuels, international agencies said on Thursday.
Silicon and zinc output cuts in Europe due to the power crisis are likely to slow the region's energy transition plans, with producers also weighing relocation of facilities for both the metals used in renewable energy, metal industry sources said.
A U.S. solar group seeking import tariffs on panels made by Chinese companies in Southeast Asia has refused a request by federal trade officials to reveal its members' identities, citing fears of retaliation by Beijing, according to a document the group filed with the Commerce Department on Wednesday.
Indian oil-to-telecoms conglomerate Reliance Industries Ltd said on Tuesday its solar unit Reliance New Energy Solar Ltd (RNESL) will buy preferred shares of German firm NexWafe worth 25 million euros ($28.82 million).