Thursday, 10 September 2026

Hyundai Motor Group and the African Development Bank (AfDB) have signed a Letter of Intent for long-term strategic collaboration aimed at accelerating sustainable development across Africa, according to CleanTechnica.

The agreement spans six areas of cooperation, CleanTechnica reported, among them the clean energy transition, transport infrastructure, and development of the electric vehicle value chain.

Flex has signed a definitive agreement to buy EPC Power, a California-based manufacturer and inverter brand, for USD 4.4 billion, according to Solar Builder. Flex representatives said the transaction is expected to close during Q4 2026.

EPC Power will generate about USD 800 million in revenue in the 2026 calendar year, Flex representatives told Solar Builder. Flex officials expect the company's EBITDA margin to widen by double digit percentage points, reaching roughly 30% by 2027.

The purchase sits alongside a separate corporate restructuring. Flex intends to spin off its Cloud and Power Infrastructure unit as an independent, publicly traded company during Q1 2027, Solar Builder reported.

Sonnedix has raised USD 1.3 billion in a refinancing covering roughly 1 GW of operating solar and wind capacity in Chile plus a 117 MW battery energy storage system still under construction, the company said in reporting by ESS News.

Seven commercial banks backed the deal, according to ESS News. BNP Paribas, Bank of America, Credit Agricole CIB and Santander acted as joint lead arrangers and joint bookrunners.

The company's website lists about 1.18 GW in operation across 41 projects in Chile.

ESS News identified the storage component as the Librillo project in the municipality of Taltal, in the Antofagasta region, which is expected to enter commercial operation in April 2027.

Global cleantech investment dropped by $151.1 billion, or 28%, in Q1 2026 against the elevated levels recorded at the end of 2025, according to ESS News.

The second quarter recovered part of that ground. Investment rose 5% to $395.4 billion, still 25% below the Q4 2025 figure, ESS News reported.

China's share of global cleantech manufacturing and industry investment dipped below one-third for the first time, per the same report.

Utility-scale storage ran against the flow of the headline rebound. Investment in the segment fell 14% from H2 2025 and 16% from H1 2025, ESS News said.

Battery factory commitments proved steadier. Global battery manufacturing announcements held at roughly $23 billion in both Q1 and Q2 2026, matching Q4 2025 levels, according to ESS News.

That stability was not evenly distributed. US battery announcements hit a record low in H1 2026 at $915 million, the weakest since the passage of the Inflation Reduction Act in 2022, ESS News reported.

ONEOK, Inc. has completed a USD 9 billion minority equity investment by funds and affiliates managed by Apollo, according to a GlobeNewswire announcement from the company.

Apollo's money bought a nonvoting Class B minority interest in a newly formed holding company, ONEOK Holdings, L.L.C., ONEOK said. That interest sits structurally subordinate to the company's debt.

ONEOK said it reviewed the investment with its credit rating agencies, all of which regard the transaction as credit-enhancing.