Capital Dynamics to acquire SunPower, First Solar JV for $977 million
Reuters
Published Feb 05, 2018 05:48PM ET
Capital Dynamics to acquire SunPower, First Solar JV for $977 million
(Reuters) - Asset manager Capital Dynamics said on Monday it would acquire a joint venture company of solar power developers First Solar Inc (O:FSLR) and SunPower Corp (O:SPWR) for about $976.6 million.
The joint venture, 8point3 Energy Partners LP (O:CAFD), owns and operates solar energy generation projects in the United States.
The deal, which has an enterprise value of about $1.7 billion, is expected to close in the second or the third quarter of fiscal 2018.
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Written By: Reuters
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