Flexible Electronics News

8point3, the JV Yieldco of First Solar and SunPower, to be Acquired by Capital Dynamics

Proposed transactions represent about $977 million in equity value and about $1.7 billion in enterprise value.

Author Image

By: DAVID SAVASTANO

Editor, Ink World Magazine

First Solar, Inc. and SunPower Corporation announced that their joint-venture yieldco, 8point3 Energy Partners LP, has entered into an agreement and plan of merger and purchase agreement with CD Clean Energy and Infrastructure V JV, LLC, an investment fund managed by Capital Dynamics, Inc., and certain other co-investors.   Pursuant to the proposed transactions, the Partnership’s Class A shareholders and the sponsors, as holders of common and subordinated units in OpCo, will receive $12.35 per...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters