Capital Dynamics to acquire SunPower, First Solar JV for USD 977 million
Reuters reported that Asset manager Capital Dynamics would acquire a joint venture company of solar power developers First Solar Inc and SunPower Corp for about USD 976.6 million.
The joint venture, 8point3 Energy Partners LP, owns and operates solar energy generation projects in the United States.
The deal, which has an enterprise value of about USD 1.7 billion, is expected to close in the second or the third quarter of fiscal 2018.
The joint venture, 8point3 Energy Partners LP, owns and operates solar energy generation projects in the United States.
The deal, which has an enterprise value of about USD 1.7 billion, is expected to close in the second or the third quarter of fiscal 2018.
Posted By : Nanda Koijam on Thu, 08 Feb 2018