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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