FuturaSun, solar, roof-grid panels, and solar lighting machines manufacturer, acquired Solertix, a perovskite solar cell start-up in Italy.

Alessandro Barin, CEO of FuturaSun, emphasized the strategic importance of this step, stating, “Perovskite is the future of high-efficiency photovoltaics, and in this specific R&D segment, we couldn’t afford not to be key players, working alongside those who are dedicated to scientific research at the highest academic levels.”

“Since its foundation in 2006, the Organic Solar Center has developed and nurtured several high-tech start-ups and spin-offs, actively pursuing the Third Mission of universities. Solertix represents CHOSE’s first start-up dedicated to the revolutionary field of halide perovskite for high-efficiency solar cells,” comments Professor Aldo Di Carlo, who will take on the position of President of the Scientific Committee within the new company.

Francesco Di Giacomo, a materials scientist who has been dedicated to upscaling perovskite photovoltaics since its early stages, explained, “Solertix will bring together both my know-how acquired at CHOSE – where the world’s first perovskite modules were manufactured – and my experience in production processes development from Solliance. I have always believed in the strategic importance of synergizing academia and industry for fostering innovation and driving our country’s progress.”

According to Mercom’s Q1 2023 Solar Funding and M&A Report, there were 27 solar M&A transactions in Q1 2023 compared to 38 in Q4 2022. In a YoY comparison, M&A activity decreased slightly compared to Q1 2022.

Petronas, a Malaysian state-owned oil company, announced that its clean energy subsidiary Gentari Renewables Australia had completed the purchase of Australian renewables firm Wirsol Energy, which has solar and battery energy storage integration capabilities and a pipeline of development projects. The financial terms of the transaction were not disclosed. Wirsol Energy, which entered the Australian renewable energy market in 2017, owns and operates renewable energy and storage projects across New South Wales (NSW), Victoria, and Queensland.