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Deal Closed! Algonquin Purchase 25% Interest in Atlantica Yield for US $608 Million

Algonquin Power & Utilities Corp. (NYSE: AQN) has reached an agreement with Abengoa, S.A. (MCE: ABG) (“Abengoa”) to create AAGES joint venture. Concurrently with the creation of the AAGES joint venture, APUC has entered into a definitive agreement to purchase from Abengoa a 25% equity interest in Atlantica Yield plc (NASDAQ: ABY) (“Atlantica”) …

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Concentrated Solar Power Player ESolar Appears to Have Closed Down

Reported from CSPPLAZA: The CSP Tower Technology Provider eSolar appears to have ceased operating.  Until now, Key leadership team members failed to make any response. Although Gross and Rogers still cite eSolar as their current employer on their LinkedIn profiles, and the business is listed among Gross’ Idealab incubator startups, the company’s website …

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Joint Venture of Shouhang and CNLNPC investing 15 billion to develop CSP projects in China

Reported from CSPPLAZA: September 13th, announcement released by Beijing Shouhang IHW Resources Saving Technology Co., Ltd. that the company just signed Cooperation Framework Agreement on Jointly Developing CSP Business with CNNP Liaoning Nuclear Power Co., Ltd. (CNLNPC). In the announcement posted late night the same day the agreement is signed, …

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China CSP public welfare research tour: – Shanghai Yuzhi Electrical Mechanical Equipment Co., Ltd.

Reported from CSPPLAZA: “The corrosion and instability of molten salt will seriously affect the safety of solar thermal power plants, unless these problems can be effectively resolved.” Zhou Haijun, General Manager of Shanghai Yuzhi Electrical Mechanical Equipment Co., Ltd. (referred to as “Shanghai Yuzhi”) said, “Corrosion – resistant materials are only …

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