SunPower Corp. (SPWRA) Completes Acquisition of SunRay Renewable Energy
Today, SunPower Corp. announced that it has completed its acquisition of SunRay Renewable Energy. The acquisition enables SunPower to expand its project pipeline to include more than 1,200 megawatts (MW) of solar photovoltaic (PV) projects in various stages of development. SunRay Renewable, a leading European solar power plant developer, has offices in both Europe and the Middle East. Howard Wenger, SunPower President, commented, "With this acquisition complete, SunPower is accelerating growth in the Italian market, and pursuing new opportunities in other parts of Europe and Middle East. The acquisition of SunRay provides us with strong visibility in the second half…