SunPower Buying SunRay Renewable Energy
SunPower Corp. (Nasdaq: SPWRA) has agreed to acquire SunRay Renewable Energy, a Malta-based developer of European solar energy projects. The deal is valued at approximately $277 million, including $235 million in cash and $42 million in a letter of credit and promissory notes. Last year, SunRay received a $200 million equity commitment from Denham Capital Management.
11 February 2010•5 mins read
