Other Corporate News

Norwegian-American energy services firm Otovo ASA (OSE:OTOVO) has raised USD 7.25 million (EUR 6.34m) in a private placement in Norway to help fund its planned acquisition of Israel’s Green Panel Solar Energy Systems Ltd.

A US bankruptcy court has approved Brookfield Asset Management (BAM:TSE) as the stalking horse bidder for the assets of bankrupt solar developer GoldenPeaks Poland Holding and finalised the company's debtor-in-possession (DIP) financing.

French energy group TotalEnergies SE (EPA:TTE) said today it has sold its entire portfolio of distributed solar assets across Europe as part of a business realignment that aims to shift its renewables focus to large utility-scale solar and wind farms.

Solar technology group Canadian Solar Inc (NASDAQ:CSIQ) said on Monday that Ismael Guerrero had stepped down as chief executive officer of its project development subsidiary Recurrent Energy and would be succeeded by Dylan Marx with immediate effect.

UK-based offshore wind engineering consultancy Wood Thilsted and COP Frontier, a sister company to offshore wind developer Copenhagen Offshore Partners (COP), have today launched Neretek, a new deepwater offshore wind technology company.

US composite wind blades maker TPI Composites Inc (OTCMKTS:TPICQ) has emerged from Chapter 11 bankruptcy protection after completing its financial restructuring, with its major operations now owned by Energy Capital Partners (ECP).