Tag: mergers and acquisitions
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SolarCity to acquire large commercial solar developer in Mexico
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 — Solar Builder magazine
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Andalay Solar enters equity purchase agreement with Southridge Partners
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 — Solar Builder magazine
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Solar project acquisitions rise to $2.9 billion, Mercom reports
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 — Solar Builder magazine
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Finavera Wind Energy closes Solar Alliance of America acquisition
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 — Solar Builder magazine
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Canadian Solar sells LunarLight to BluEarth Renewables
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 — Solar Builder magazine