By [email protected] French energy giant Engie is adding the European operations of bankrupt solar installer Sungevity to its growing portfolio of distributed energy offerings, according to reports.
GTM covered and broke the news of Sungevity’s recent descent into layoffs, obfuscation, bankruptcy and eventual sale to private equity firm Northern Pacific Group for $50 million.
The U.S.-based part of the company was rechristened as Solar Spectrum. The last vestige of the firm, its Netherlands-based European arm, was acquired by Engie for an undisclosed amount. (One would assume it was a relative bargain for the acquirer.)
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