SunPower Acquires European Manufacturer of PV Power Plants

SunPower Corp., San Jose, Calif., struck a deal to bolster its operations in Europe and the Middle East by buying European solar power plant developer SunRay Renewable Energy for $277 million. SunPower designs, develops, manufactures, markets and sells high-performance solar electric power technology products, systems and services worldwide for residential, commercial and utility-scale power plant customers. Based in Malta, SunRay Renewable Energy has been building utility-scale PV plants in southern European countries. Details