The $250 million deal includes $190 million cash up front, plus another $60 million to be paid if an extension to the solar investment tax credit is passed, a company spokesperson said. The acquisition is expected to close in the second quarter.The move comes after SunPower announced aaimed at doubling down on the residential solar market, which the company said is larger, more profitable, and growing faster.
France-based TotalEnergies said the deal allows it to expand its renewable energy footprint in the U.S. In November Faricy again said that the business had attracted buyers, and said the company would provide an update on a potential buyer by the end of the December quarter.following the company's third-quarter earnings, "despite the fact that it's had a couple of challenging quarters, mostly due to project slips tied to all the same supply chain and labor issues."
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Four-Alarm Blaze, Explosion Engulfs Commercial Foam Business In OrangeThere was a massive four-alarm fire and explosion at a commercial foam product manufacturing business in the city of Orange in the early morning hours Wednesday.
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Foreign Investment in U.S. Commercial Property Exceeds Pre-Pandemic LevelsForeign investment in U.S. commercial property surpassed pre-pandemic levels last year, as overseas investors piled back in after travel restrictions eased and the U.S. economy bounced back Nice! Why would we want Americans to own property in America? '...the U.S. economy bounced back'
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