SunPower Corp., a manufacturer of solar cells, panels and systems, has signed a definitive agreement to acquire Solar Solutions, a solar systems integration and product distribution company based in Faenza, Italy. The acquisition is expected close during the first quarter of 2008.
Solar Solutions is a 14-person division of Combigas, a petroleum products trading firm. Active since 2002, Solar Solutions distributes components such as solar panels and inverters, and offers turnkey solar power systems and standard system kits via a network of dealers throughout Italy.
‘We believe that this acquisition will provide an important platform for SunPower to address both the solar power plant and rooftop markets in Italy,’ comments Marco Antonio Northland, general manager of SunPower's European operations.