First Solar, SunPower Plan On Solar Finance Joint Venture
Tempe, Arizona-based solar panel manufacturer First Solar and competitor SunPower said last night that the two are in advanced negotiations to create a new, joint venture, called YieldCo. The two said the new company will hold a portfolio of solar generation assets from their existing projects, with the intent to take that new company public in an initial public offering (IPO). The new venture would hold the long term, power-purchase agreements and leases from commercial and residential solar companies, and help both First Solar and SunPower raise more funding for their projects.
posted on Tuesday, February 24, 2015
Related companies:
First & Home Plate, Inc.
Related stories:
> First Solar Sells Off 8point3
> Tendril Raises $20M From SunPower
> First Solar Gets Solar Win In Southern California
> First Solar, EDF Energies Nouvelles Partner On Solar Manufacturing Plant
> First Solar Acquires Chilean Solar Firm
Techrockies.com Home