M&A Deal Summary

SunPower Acquires Infigen Energy - 1.5 Gigawatt U.S. Solar Power Plant Pipeline

On July 27, 2015, SunPower acquired renewable energy company Infigen Energy - 1.5 Gigawatt U.S. Solar Power Plant Pipeline from Iberdrola Australia

Acquisition Highlights
  • This is SunPower’s 4th transaction in the Renewable Energy sector.
  • This is SunPower’s 4th transaction in the United States.
  • This is SunPower’s 3rd transaction in California.

M&A Deal Summary
Date 2015-07-27
Target Infigen Energy - 1.5 Gigawatt U.S. Solar Power Plant Pipeline
Sector Renewable Energy
Buyer(s) SunPower
Sellers(s) Iberdrola Australia
Deal Type Divestiture

Target

Infigen Energy - 1.5 Gigawatt U.S. Solar Power Plant Pipeline

California, United States
Infigen Energy - 1.5 Gigawatt U.S. Solar Power Plant Pipeline is a provider of solar energy services.

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Buyer(S) 1

Buyer

SunPower

Richmond, California, United States
Category Company
Founded 1985
Sector Renewable Energy
Employees2,200
Revenue 1.7B USD (2022)
DESCRIPTION
SunPower's corporate headquarters in San Jose, California.
SunPower's corporate headquarters in San Jose, California.

SunPower is a vertically integrated solar products and services company that designs, manufactures and markets high-performance solar electric power technologies. SunPower was founded in 1985 and is based in San Jose, California.

DEAL STATS #
Overall 4 of 6
Sector (Renewable Energy) 4 of 6
Type (Divestiture) 1 of 1
State (California) 3 of 3
Country (United States) 4 of 6
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 8point3 Energy Partners

San Jose, California, United States

8point3 Energy Partners is an owns, operator and acquire of solar energy generation projects. The Partnership owns interests in projects in the United States that generate long-term contracted cash flows and serve utility, commercial and residential customers. 8point3 Energy Partners was founded in 2015 and is based in San Jose, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-11 SunPower - Two SunPower Power Plants

San Jose, California, United States

SunPower Corp. - Two SunPower Power Plants totalling over 134 megawatts (MW), that SunPower developed, designed and constructed in Kern County, California.

Sell -

Seller(S) 1

SELLER

Iberdrola Australia

Sydney, Australia
Category Company
Founded 2003
Sector Renewable Energy
Revenue 293M AUD (2020)
DESCRIPTION

Iberdrola Australia is a major Australia’s transition to a clean energy future. Iberdrola Australia generates and sources renewable energy, increases the value of intermittent renewables by firming, and provides customers with clean, reliable, and competitively priced energy solutions. Iberdrola Australia was established in 2003 and is based in Sydney, Australia.

DEAL STATS #
Overall 2 of 2
Sector (Renewable Energy) 2 of 2
Type (Divestiture) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-15 Infigen Energy - US Wind Business

United States

Infigen Energy - US Wind Business comprises Class B equity interests in 18 US wind farms with a total installed capacity of approximately 1,557 MW, of which Infigen's interests comprise 1,089 MW on an economic interest basis.

Sell $273M
Mergr

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