Sunday, September 26, 2010

Sharp to pay more than $300 Million for solar project developer

Holy cow!  As a sign of a possible "land grab" of established solar companies, Sharp Corporation announced an agreement to acquire California-based Recurrent Energy for $305 million.  Recurrent is a solar project developer and generating company with a 2 GW pipeline.  The acquisition is expected to close before the end of 2010, subject to customary closing conditions and regulatory approvals.

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