SunPower Closes SunRay Renewable Acqusition
SunPower Corp. (Nasdaq: SPWRA) has completed its acquisition of SunRay Renewable Energy, a Malta-based developer of European solar energy projects. The deal was 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.
29 March 2010•2 mins read
