sPower Buys Bosch Solar Energy North America Entities — Now Owns More Than 130 Solar Energy Projects Across Country
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Noted renewable energy provider sPower recently announced the acquisition of Bosch Solar Energy North America entities with a number of power projects currently active throughout the US.
The acquisition is a fairly big one and notably complements sPower’s already substantial portfolio of distributed generation projects.
The acquisition follows on the heels of the recent acquisition of Tioga Energy’s operating assets, just last year — and also the recent merger with Fir Tree Partners and Silverado Power. When taken all together, these deals have resulted in sPower’s current, enviable position — the company now owns or operates over 130 solar energy projects across the US, along with “a buildable pipeline of more than 400 MW.”
“Bosch’s diligence and commitment to building premium quality products is one of the key reasons we pursued this acquisition. sPower’s mission is to support communities in the goal of reducing reliance on fossil fuels and switching to solar energy,” stated sPower CEO, Ryan Creamer. “This acquisition further demonstrates sPower’s commitment to the long-term success of the solar industry.”
The Regional President of Bosch Solar Energy North America, Eric Daniels, commented: “As we implement our previously announced exit of the solar energy business, we are pleased that these operations can continue under the direction of sPower. All of our customers have been notified and we are taking every measure to ensure a smooth transition with continued long-term quality of service.”
In other big solar news, construction on the world’s largest single-axis tracking solar PV plants, the 206 MW Mount Signal Solar farm in southeast California, was recently completed. The huge installation will provide enough power to supply about 72,000 households in the San Diego (and surrounding) area. The project — built by Abengoa, for Silver Ridge Power — consists of around three million photovoltaic modules that can rotate on a north-south axis, in order to track the Sun.
Image Credit: sPower
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