SunPower Acquires Blue Raven Solar

October 21, 2024

SunPower Corporation acquired Blue Raven Solar in a cash transaction of up to $165 million to accelerate its residential solar business and expand its geographic footprint into underpenetrated U.S. regions. Blue Raven’s CEO Ben Peterson will join SunPower’s executive team as SunPower combines its products and digital tools with Blue Raven’s direct-to-consumer sales and installation capabilities to grow residential solar and related financing products.

Buyers
SunPower Corporation
Targets
Blue Raven Solar
Industry
Renewable Energy
Location
Utah, United States
Transaction Type
Buyout

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