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M&AClosedFebruary 10, 2022

SunPower Commercial & Industrial Solutions division — C&I solar; ~100 MW/year capacity

TotalEnergies acquires SunPower C&I division — $190M upfront + $60M ITC contingent. SunPower refocuses on residential solar; TotalEnergies gains C&I distributed-gen footprint. Closed Q2 2022.

$250M

Deal Value

100MW

Capacity

Solar

Technology

Multi-state

Location

MarketsSolar

Deal Details

Deal Type
Corporate M&A
Seller / Sponsor
SunPower Corporation (NASDAQ: SPWR)
Buyer / Financier
TotalEnergies SE
Deal Value
$250M ($190M upfront + $60M ITC contingency)
Stage
Operating
ISO/RTO
Multiple
Source
CNBC

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