M&A Deal Summary

SunPower Acquires SolarWorld Americas

On April 18, 2018, SunPower acquired renewable energy company SolarWorld Americas

Acquisition Highlights
  • This is SunPower’s 5th transaction in the Renewable Energy sector.
  • This is SunPower’s 5th transaction in the United States.
  • This is SunPower’s 1st transaction in Oregon.

M&A Deal Summary
Date 2018-04-18
Target SolarWorld Americas
Sector Renewable Energy
Buyer(s) SunPower
Deal Type Add-on Acquisition

Target

SolarWorld Americas

Hillsboro, Oregon, United States
SolarWorld Americas, Inc. is a crystalline-silicon solar manufacturer, produces and sells high-tech solar power solutions and, in doing so, contributes to a cleaner energy supply throughout the Americas. The company maintains 430 megawatts of annual capacity to produce solar cells and 550 MW of capacity to manufacture solar modules.

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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 5 of 6
Sector (Renewable Energy) 5 of 6
Type (Add-on Acquisition) 3 of 4
State (Oregon) 1 of 1
Country (United States) 5 of 6
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-05 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.

Sell $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-14 NovaSource Power Services

Austin, Texas, United States

NovaSource Power Services is a provider of solar operations and maintenance (“O&M”) services to utility, commercial, industrial, and residential customers, with over 20GW of solar assets under management. NovaSource operates a global footprint with a presence in North America, South America, EMEA, Asia, and Australia. NovaSource Power Services is based in Austin, Texas.

Sell -
Mergr

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