Post Tagged with: "mergers and acquisitions"

Solar3D acquires Elite Solar for $7.15 million

Solar3D acquires Elite Solar for $7.15 million

August 17, 2015 at 2:22 pm 1 comment

Solar3D signed a definitive agreement to acquire 100 percent of Elite Solar, a Durham, Calif.-based solar systems provider. The purchase is a continuation of Solar3D’s aggressive growth-by-acquisition strategy, which is intended to boost the company’s top line revenue as well as operating earnings. Solar3D is a provider of solar power solutions and the developerRead More

SolarCity to acquire large commercial solar developer in Mexico

SolarCity to acquire large commercial solar developer in Mexico

August 5, 2015 at 9:11 am 3 comments

SolarCity entered into a definitive agreement with and ILIOSSON, S.A. de C.V., for the right to acquire ILIOSS, one of the largest commercial and industrial solar developers in Mexico. Upon close of the acquisition, ILIOSS will operate as an independent business unit of SolarCity. ILIOSS co-founder and Chairman David ArelleRead More

Andalay Solar enters equity purchase agreement with Southridge Partners

Andalay Solar enters equity purchase agreement with Southridge Partners

July 27, 2015 at 11:25 am 2 comments

Stephen Hicks, Chairman and CEO of Southridge Capital, announced that Southridge Partners II LP, an institutional investor, has entered into a new equity purchase agreement with Andalay Solar, Inc., based in Fremont, California. Andalay Solar Inc., founded in 2001, is a provider of innovative solar power systems. In 2007, the companyRead More

SunEdison to acquire Vivint Solar for $2.2 billion

SunEdison to acquire Vivint Solar for $2.2 billion

July 20, 2015 at 9:47 am 2 comments

A sizable definitive merger agreement was signed between renewable energy development company SunEdison and residential solar systems provider Vivint Solar for a reported $2.2 billion. But there is more: In connection with SunEdison’s proposed acquisition of Vivint Solar, SunEdison has entered into a definitive purchase agreement with a subsidiary ofRead More

Solar project acquisitions rise to $2.9 billion, Mercom reports

Solar project acquisitions rise to $2.9 billion, Mercom reports

July 13, 2015 at 3:39 pm Comments are Disabled

Total global corporate funding in the solar sector decreased, but solar project acquisitions jumped to $2.9 billion in the second quarter, according a new report from Mercom Capital Group LLC, a global clean energy communications and consulting firm. Corporate funding Corporate funding decreased to $5.9 billion, compared to $6.4 billion in Q1 2015. ThisRead More

Finavera Wind Energy closes Solar Alliance of America acquisition

Finavera Wind Energy closes Solar Alliance of America acquisition

June 29, 2015 at 11:37 am Comments are Disabled

Finavera Wind Energy Inc. closed the previously announced acquisition of Solar Alliance of America. Under the terms of the Share Purchase Agreement, Finavera has acquired 100% of the equity in Solar Alliance for 11,915,238 shares of the company and contingent payments of up to $4 million in cash comprised. Finavera isRead More

Canadian Solar sells LunarLight to BluEarth Renewables

Canadian Solar sells LunarLight to BluEarth Renewables

June 23, 2015 at 2:01 pm 1 comment

Canadian Solar Inc. announced that its wholly owned subsidiary, Canadian Solar Solutions Inc., completed the sale of LunarLight, a 10 MMW AC solar power plant to a subsidiary of BluEarth Renewables Inc. LunarLight, located in Belleville, Ontario, is the last in a series of power plants acquired by BluEarth fromRead More

REC Solar acquires Stellar Energy, adds 60 MW to portfolio

REC Solar acquires Stellar Energy, adds 60 MW to portfolio

June 18, 2015 at 2:04 pm 3 comments

REC Solar is further expanding its commercial solar focus by after acquiring Stellar Energy, a leading solar provider in the western U.S., through an asset purchase agreement. REC Solar, a national, fully integrated solar provider focused exclusively on commercial businesses, will provide customers with integrated, turnkey solar solutions ranging from financing andRead More

SunEdison with two acquisitions: Continuum Wind Energy, GME

SunEdison with two acquisitions: Continuum Wind Energy, GME

June 16, 2015 at 3:00 pm 1 comment

SunEdison, one of the world’s largest renewable energy development companies, just got larger, globally, announcing two acquisition agreements – one with Continuum Wind Energy Limited, Singapore, with assets in India, and Globeleq Mesoamerica Energy (GME), Central America’s leading renewable energy company. Continuum Continuum owns and operates 242 MW AC ofRead More

Canadian Solar Expands Project Pipeline with $265 Million Acquisition

Canadian Solar Expands Project Pipeline with $265 Million Acquisition

February 3, 2015 at 3:50 pm 2 comments

Canadian Solar Inc., has entered into a definitive agreement with Sharp Corporation to acquire solar energy developer Recurrent Energy LLC, for approximately $265 million. Once completed, the acquisition of Recurrent will increase Canadian Solar’s total solar project pipeline by approximately 4.0 GW to 8.5 GW, and its late-stage project pipelineRead More