Solar Power World

SunPower Is Set To Buy SunRay Renewable Energy For $277M

SunPower Corp. announced that it has signed a definitive agreement to acquire SunRay Renewable Energy,   European solar power plant developer with offices in Europe and the Middle East, including a principal project office in Rome. SunPower will acquire SunRay from its shareholders, which includes its management and Denham Capital. Upon closing the transaction, SunPower will acquire a project pipeline of solar photovoltaic projects totaling more than 1,200 megawatts (MW)... Read More

Areva To Acquire Ausra En Route To Reach Goal Of World Leader

AREVA announced the 100% acquisition of U.S.-based Ausra. This acquisition launches AREVA’s new global solar energy business. It reflects AREVA’s strategic objective to be the world leader in concentrated solar power (CSP) and will further strengthen and diversify its renewables portfolio. Combining Ausra’s technology and AREVA’s Engineering, Procurement, and Construction (EPC) skills, the group is committed to building the most cost-effective CSP plants for utilities,... Read More