US conglomerate General Electric (GE) is looking to triple its solar and battery energy storage manufacturing capacity at its newly launched Renewable Hybrids factory in India by the end of 2022 to 9GW per annum.
Renewables developer and asset manager RES has named Eduardo Medina as its new chief executive designate, with the former Vestas, SunPower and Acciona exec set to take over at the end of next month.
BlackRock took an 80% stake in the new company, Distributed Solar Development, in an undisclosed deal. The new business will design, build, own and operate distributed solar and storage solutions for industrial, commercial and public-service customers.
GE Power Conversion, a subsidiary of General Electric, has received a full turnkey contract from Fas Energy to develop a 50MW PV project for the Egyptian Electricity Transmission Company (EETC).
GE Energy Financial Services (GE EFS), the energy investing unit of General Electric, has raised what it claims to be the largest solar energy fund in Japan to invest in Japanese solar power projects.
GE Energy Connections said it had signed a supply and service agreement with Solairedirect India, a subsidiary of ENGIE, which is currently building two 70MW PV power plants in India.
GE Power Conversion is introducing Silicon Carbide (SiC) technology into its next-generation 1500V PV inverter product line, bringing increased power conversion efficiency to the PV industry. The LV5+ Solar Inverter is the first multi-MW, utility scale inverter based completely on SiC technology and has an efficiency rating of 99% weighted EU and is being showcased at Solar Power International 2016.