Total is reportedly nearing a €2 billion acquisition of the wind power project developer VSB.

According to informed sources, Total is close to acquiring VSB Group from private equity firm Partners Group Holding AG, with the trade valuing the renewable project developer at approximately 2 billion euros (2.1 billion dollars). Informed sources said that the French energy company and Partners Group are in deep negotiations, with the announcement of the trade possibly occurring in the coming days. However, the final agreement may still be delayed. Due to the information being confidential, sources requested anonymity. TotalEnergies and Partners

Global Market ReportDec 3 04:39 ET

Guolian Securities: Cost reduction and improvement of consumption boost the profitability of green electricity, focusing on the leading green electricity company with marginal improvement.

The construction cost of new energy funds is reduced, ultra high pressure will be centralized for production by 2025, and green electricity environmental premium may increase green electricity revenue.

Zhitong FinanceNov 29 02:19 ET

Private Companies Own 33% of CECEP Solar Energy Co.,Ltd. (SZSE:000591) Shares but Individual Investors Control 54% of the Company

Simply Wall StNov 28 20:44 ET

Maxeon is selling its overseas business to focus on the USA market.

As the market prospects improve, maxeon solar technologies ltd. has agreed to sell its non-usa business to a major shareholder to focus on the domestic market, and plans to start producing solar panels in the usa. According to a statement on Tuesday, maxeon has signed a five-year lease for a site in New Mexico, with manufacturing of solar panels expected to begin in 2026. Exchange announcements indicate that TCL, the parent company of maxeon's largest shareholder, will take over maxeon's business in latin america, asia, europe, and the middle east at fair market value.

Global market briefingNov 26 13:13 ET

concord ne will purchase approximately 0.323 billion yuan of cecep solar energy equipment from trina solar co., ltd.

Concord ne (00182) announced that on November 22, 2024, its wholly-owned subsidiary Haotai New Energy Equipment Co., Ltd. entered into a procurement contract with the supplier (trina solar co., ltd.). According to this contract, the buyer will pay the supplier approximately 0.323 billion yuan to purchase cecep solar energy equipment.

Sina Hong Kong stocksNov 24 19:45 ET

The usa International Development Finance Corporation is conducting due diligence on Adani's project in Sri Lanka.

The US International Development Finance Corporation (DFC) stated that it is still conducting due diligence on the Sri Lanka port development project supported by the Adani Group. Previously, the institution agreed to provide over $0.5 billion in loans for the project. An official replied to questions via email, stating that the institution has not yet reached a final agreement on the loan. The institution announced last year that it would provide financing for the port terminal in the capital of Sri Lanka, developed by the Adani Ports and Special Economic Zone Limited. It was reported that US prosecutors last week sued Adani and other defendants, accusing them of facilitating a bribery scheme of over $0.25 billion to win contracts in India's cecep solar energy sector.

Global market report.Nov 24 09:35 ET