SunPower agrees to sell 233 MW solar portfolio to Goldman Sachs
SunPower has agreed to sell its 233 MW solar portfolio which is scattered across some 200 sites in Texas, California, New York and six other US states to Goldman Sachs. SunPower owns the solar portfolio on a leased-basis from Wells Fargo Bank, PNC Bank, MetLife, Regions Bank, and SunTrust.
SunPower sets to divest the solar assets for US$86.9 million. The sale is a move by the company to trim down its structure and avoid possible bankruptcy.
The deal will now be subjected to approval by the relevant lessor in the aforementioned group.
Country updates
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June 07, 2019
Invenergy transfers TB Flats and Ekola wind projects to PacifiCorp
Invenergy has announced the transfer of the Ekola Flats and TB Flats wind projects in Carbon County, Wyoming, to PacifiCorp. Invenergy, a privately-held developer and operator of sustainable energy so...
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June 07, 2019
Veolia seeks US$1bn sale for North American heating and cooling business
The Veolia Environnement SA, a French water and waste-treatment company, is seeking more than US$1 billion for the sale of its North American heating and cooling business in USA. The...
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June 07, 2019
US Solar Fund reaches FC with US$200m IPO
The newly established closed-ended investment company, US Solar Fund Plc, has reached its first close of US$200 million initial public offerings (IPO) with a common share of US$1 per share. From 31 M...
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June 07, 2019
Siemens Gamesa secures O&M contract for 218 MW Panhandle Wind 1 project in US
Siemens Gamesa Renewable Energy has announced that it has signed a four-year O&M agreement with Pattern Energy for its 218 MW Panhandle Wind 1 facility, consisting of 118 units of 1.85-87 MW GE wi...
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June 07, 2019
EGP's 237 MW White Cloud wind project to supply energy to AECI
Enel Green Power North America, Inc., the Enel Group’s US-based renewable company, has signed a power purchase agreement between its subsidiary White Cloud Wind Project, LLC and Associated Elect...
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