Solar Strikes Again

Solar Strikes Again

Big deals and serious growth in the solar industry are changing the axis of power in the energy sector.
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Friday, July 24, 2015 - 6:30am

CAMPAIGN: Ethical and Sustainable Living


You know that an industry has hit its stride when the ten-figure acquisitions begin. It seems that the solar sector is getting down to some serious business, as evidenced by renewable energy behemoth SunEdison’s purchase of Vivint Solar, one of the largest residential PV installers in the nation, for $2.2 billion earlier this week.

The acquisition—part cash, part stock, and part convertible notes—will give SunEdison a stronghold in the increasingly competitive residential solar PV market, along with 4,000 new employees, 523-megawatts of rooftop solar projects, and $81 million in unlevered cash flow for investors.

SunEdison isn’t stopping at solar. Some of the company’s other acquisitions include First Wind and Invenergy, which together have contributed nearly 1,500 megawatts of wind, cogeneration, and other renewable projects to its energy production portfolio.

SunEdison’s strategy is clear: world domination. The company is not just attempting to dominate the solar space, it aspires to redefine antiquated business models and become one of the world’s largest energy powers. With a solid financial position, projections to add over 1 gigawatt of renewable projects to its portfolio every quarter, and expectations for $630 million in cash distributions, investors are elated.

The company’s projects, currently totaling 53 gigawatts of capacity, are almost equal to the generation fleet of Duke Energy, the largest electric utility in the U.S.