Gibraltar Industries buys TerraSmart and Sunfig
Gibraltar Industries, Inc. has announced its acquisitions of TerraSmart and Sunfig. TerraSmart, a provider of screw-based, ground-mount solar racking technology, particularly used for solar projects installed on challenging terrain, was acquired for US$220 million, subject to working capital adjustments. Sunfig, a provider of software solutions that optimize solar energy investments through upstream design, performance, and financial modeling, was acquired for US$3.75 million in cash.
The combined transactions are expected to be immediately accretive to earnings.
Country updates
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January 08, 2021
Doosan Heavy Industries & Construction bags order for KRW620bn combined cycle power plant in Guam
Doosan Heavy Industries & Construction recently won an order for a KRW620 billion (US$570 million) combined cycle power plant project in Guam. In December 21, Doosan has signed a contract to cons...
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January 07, 2021
Capital Dynamics divests majority interest in 107.8 MW Beacon solar portfolio in Kern County
Capital Dynamics has completed the sale of a majority interest in its Beacon portfolio to TortoiseEcofin and S&B USA Energy. Each buyer has acquired a 49.5% ownership of the portfolio. Capital Dyn...
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January 07, 2021
Xcel Energy launches tender for 500 MW solar project in Minnesota
US utility Xcel Energy Inc has launched a request for proposal (RFP) for the planned development of up to 500 MW solar photovoltaic project in Minnesota. The proposed project must be locat...
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January 06, 2021
Diamondback acquires QEP for US$2.2bn
Diamondback Energy, Inc. and QEP Resources have entered into a definitive agreement under which Diamondback will acquire QEP in an all-stock transaction valued at approximately US$2.2 billion, includi...
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January 06, 2021
Tender for 500 MW solar project in USA
Northern States Power Company, a Minnesota corporation (NSPM), has issued a Request for Proposals ("RFP") to seek proposals for the planned development of up to 500 MW solar photovoltaic project...
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