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
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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