Maxeon Solar Technologies spinoff from SunPower; TZS $298M equity investment
SunPower announces split into two companies: SunPower (US) + Maxeon (international, Singapore HQ). TZS to own ~28.85% diluted of Maxeon. Closed August 2020.
$298M
Deal Value
Solar
Technology
CA
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- SunPower (TotalEnergies-controlled)
- Buyer / Financier
- TZS Tianjin Zhonghuan Semiconductor
- Offtaker
- TZS Tianjin Zhonghuan Semiconductor
- Deal Value
- $298M TZS equity
- Stage
- Development
- ISO/RTO
- CAISO
- Source
- Maxeon Solar
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