Tag Archives: aquisition
ABB Gobbles Up Inverter Firm Power-One
ABB acquiring Power-One (PWER), the number two global PV inverter company, for $1 billion is certainly a dramatic way to open Greentech Media’s Solar Summit starting today in Phoenix, Arizona. This breaking news comes a few weeks after Advanced Energy acquired REFUsol to become the number-three player in the PV inverter market. ABB already plays [...]
First Solar Buys Solar Chile
Over the past year or so First Solar has rededicated itself to expanding in markets where solar can compete more cost effectively with other forms of energy. One of those markets, apparently is Chile. Yesterday the integrated thin-film PV manufacturer and project developer announced that it purchased Solar Chile, solar developer with a 1.5 gigawatt [...]
Warren Buffett Buys The World’s Biggest Solar Plant
SunPower (Nasdaq: SPWR) is getting a strong sales pipeline for its solar panels after selling what will be the largest solar PV plant in the world. Warren Buffet’s utility, MidAmerican Energy, is buying the 579 megawatt (MW) Antelope Valley Solar Project, and will pay as much as $2.5 billion to SunPower for the sale and to build it. Antelope is actually two [...]
Avis Gobbles Up ZipCar for Half A Billion
Last year, both Hertz and Enterprise entered the car-sharing business to compete with Zipcar, the small company that pioneered the service. But now they’ll compete head-to-head with Avis, which has jumped in with an offer to buy Zipcar (Nasdaq: ZIP). Avis, the third largest US rental car company wants to buy Zipcar for about $500 million, a 49% premium over its share price [...]
Belectric Aquires Konarka’s Organic Solar Cell Assets
Belectric, a Germany-based solar developer, financier, and construction firm with more than one gigawatt deployed has acquired the assets of bankrupt organic solar cell firm Konarka’s German operations, Konarka Technologies GmbH. The company would not disclose information on the price, terms of the deal, or IP involved. This deal involves a headcount of 16 people [...]
Record Year for Solar Project Acquisitions
Investors bought a record 3.9 gigawatts (GW) of solar PV projects in 2011, worth an estimated $10.8 billion. That’s a 122% rise from the previous year, reports Bloomberg New Energy Finance. Italy was home to the most deals, with 540 megawatts (MW) purchased, but the top five individual deals in megawatt terms were in the [...]
SunPower Completes Tenesol Purchase #SPWRA
SunPower Corp. has completed its acquisition of Tenesol SA, a subsidiary of Total SA, for $165.4 million. This deal represents another step forward in the integration of SunPower into Total’s business structure — in June, 2011, Total purchased a majority stake in SunPower (60%) for $1.4 billion. Alongside SunPower’s purchase of Tenesol, Total bought 18.6 [...]
Will GE Gobble Up First Solar? $GE $FSLR
Much like the notion of albino alligators living in the New York City sewers, the urban legend of General Electric (or some other large conglomerate) acquiring First Solar (Nasdaq: FSLR) is a recurring meme. The idea bordered on outlandish when the company’s stock was trading at a 52-week high of $175.45 with a market cap [...]
ReneSola (SOL) Acquires JC Solar For Downstream Integration
Along with its earnings announcement this morning, ReneSola (SOL)also announced the acquisition of JC Solar for RMB 118 million. JCSolar is an established solar cell and module manufacturer with about300 employees and annual cell production capacity of 25MW and annualmodule production capacity of 50MW. It posted an unaudited net profitof RMB 69 million last year. [...]