sPower (Sustainable Power Group) a leading sustainable energy provider, announced the acquisition of Bosch Solar Energy North America entities with projects actively operating in the U.S. This acquisition will complement sPower's existing distributed generation portfolio. This most recent acquisition follows sPower's acquisition of Tioga Energy's operating assets last year and its recent merger with Fir Tree Partners and Silverado Power. As a result of sPower's aggressive growth activities, sPower now owns or operates more than 130 solar energy projects across the country and has a buildable pipeline of more than 400 MW.
"Bosch's diligence and commitment to building premium quality products is one of the key reasons we pursued this acquisition. sPower's mission is to support communities in the goal of reducing reliance on fossil fuels and switching to solar energy," sPower CEO, Ryan Creamer, commented. "This acquisition further demonstrates sPower's commitment to the long-term success of the solar industry."
Eric Daniels, Regional President, Bosch Solar Energy North America, said of the acquisition, "As we implement our previously announced exit of the solar energy business, we are pleased that these operations can continue under the direction of sPower. All of our customers have been notified and we are taking every measure to ensure a smooth transition with continued long-term quality of service."
About sPower: Headquartered in Salt Lake City, with offices in San Francisco, Long Beach and New York City, sPower is the largest private owner of operating solar assets in the United States. sPower owns and operates more than 150 utility and commercial distributed electrical generation systems. To date, sPower has deployed more than $2 billion of capital for its solar and wind projects. With 10.0 gigawatts between operating, construction and pipeline, sPower is actively buying select utility-scale renewable assets in virtually any stage of development in the United States. www.spower.com