TotalEnergies to Acquire SunPower’s Commercial & Industrial Solar Solutions (CIS) Business

February 10, 2022

TotalEnergies has signed a definitive agreement to purchase SunPower’s Commercial & Industrial Solutions (CIS) business for $250 million, including a $60 million earn-out subject to regulatory developments. The deal is expected to close in early Q2, while SunPower will refocus on its high-growth residential solar services.

Buyers
TotalEnergies
Targets
SunPower Corp.'s Commercial & Industrial Solutions (CIS) business
Sellers
SunPower Corp.
Industry
Energy
Location
California, United States
Transaction Type
Buyout

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