Premier Power Acquires Arco Energy

Premier Power Renewable Energy Inc. has entered the Italian solar market through its acquisition of Arco Energy – a privately held solar project developer; engineering, procurement and construction provider; and distributor with more than 20 MW of permitted projects worth approximately $114 million in potential revenue.

Throughout its history, Arco Energy has been profitable and is profitable today, and as a result, the acquisition will be immediately accretive for Premier Power, the company says. Premier Power anticipates projects in Italy to begin generating substantial revenue growth in the second half of this year.

SOURCE: Premier Power


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