Tagged Mergers and Acquisitions

Aker Horizons Buys Up Mainstream Renewable Power

By [email protected] Norwegian investment giant Aker announced Tuesday it had taken a majority stake in Mainstream Renewable Power, the global wind and solar project developer. The transaction sees Aker’s cleantech investment subsidiary Aker Horizons paying 758 million euros (USD $919 million) for a 75 percent stake in Mainstream, valuing the Dublin, Ireland-based developer at €900…

Duke Energy Renewables expands portfolio with 144-MW Texas solar project

By Billy Ludt Duke Energy Renewables is expanding its solar energy portfolio by acquiring the 144-MW Pflugerville Solar project from Recurrent Energy, a wholly-owned subsidiary of Canadian Solar. The project is under construction in Travis County, Texas, and is expected to achieve commercial operation in mid-2021. The energy generated from the Pflugerville Solar project will…

SolarJuice American to take over consumer contracts of bankrupt residential solar installer Petersen-Dean

By Kelly Pickerel Solar developer SPI Energy announced that its wholly owned subsidiary SolarJuice American has acquired the consumer contracts of Petersen-Dean, previously one of the largest privately-held roofing and solar companies in the United States. Petersen-Dean filed for Chapter 11 bankruptcy in June 2020. Petersen-Dean (also branded as PetersenDean and Solar4America) was generating over…

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