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8point3 Taking $329.5Mn Stake in Stateline Solar Project (M&A)
8point3 Energy Partners ,First Solar,SunPower
Date: 2016-11-18
8point3 Energy Partners LP reports it will acquire First Solar Inc.'s 34 pct stake in its 300-MW Stateline Solar Project in San Bernardino, California for $329.5 million.

8point3 Energy Partners is a growth-oriented limited partnership formed by First Solar Inc. and SunPower Corp. for the purposes of "owning, operating and acquiring solar energy generation projects with the aim of generating predictable cash distribution that grows at a sustainable rate." 8point3 holds interests in renewable energy projects across the U.S. with long-term contracted cash flows. Projects serve utility, commercial and residential customers. With the expected Stateline acquisition , 8point3's portfolio will include interests in 937 MW of solar projects, according to the company release. (Source: 8point3 Energy Partners, PR, Investopia, Nov., 2016) Contact: 8point3 Energy Partners, Chuck Boynton, CEO, (408) 240-5500, www.8point3energypartners.com; First Solar, Brian Kunz, VP Project Dev., Steve Krum (602) 427-3359, steve.krum@firstsolar.com,www.firstsolar.com; SunPower, Tom Werner, CEO, www.sunpower.com

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