25 Sep '12, 3pm

Sharp to Sell Off Solar Developer Recurrent Energy: Sharp Corporation is looking to sell solar project develop...

Sharp Corporation is looking to sell solar project developer Recurrent Energy for approximately $321 million as part of a reorganization , according to reports from the the Kyodo News agency. Recurrent has a solar project portfolio of 500 megawatts and a pipeline of 2.5 gigawatts, according to the firm. When Recurrent Energy was purchased by Osaka-based Sharp in 2010, it was happy news for the solar industry and, to some extent, the venture capitalists investing in the solar space. Sharp paid $305 million for a 100 percent stake in Recurrent Energy, a solar project developer. Investors in Recurrent included Mohr Davidow Ventures and Hudson Clean Energy Partners. It was MDV's first greentech exit. The acquisition was part of a trend by upstream solar manufacturers to move downstream and capture some of the value in installation and project development. This charge was led b...

Full article: http://www.greentechmedia.com/articles/read/Sharp-to-Sell...

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Sharp to Sell Full Stake in Solar Project Devel...

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According to two unnamed sources, additional restructuring efforts on the part of Sharp will also include a significant am...

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blogged!

blogged!

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