Zurich firm cites bleak outlook of global inverter segment as it moves to offload liability-ridden unit to Italian group FIMER, in return for hefty compensation.
Firm’s deal to divest US leased assets for US$86.9m comes amid efforts to slim down its structure and reverse years of net losses.
Equis clarified that it is restructuring its entire portfolio, with assets in single countries not up for grabs separately.
Recently bankrupt Sungevity has sold assets to Solar Spectrum, a newly-established solar firm backed by Minnesota-based private equity firm Northern Pacific Group.
After filing for Chapter 11 bankruptcy protection in March this year, Sungevity has been approved for sale to Minnesota private equity firm Northern Pacific Group for US$50 million.
German alternative asset management firm Aquila Capital has completed a 38.4MW PV project in Japan and sold it to a local institutional investor for an undisclosed amount.
The Americas subsidiary of Solar Frontier has completed the sale of its 40MW Midway II solar plant to a subsidiary of Dominion Energy for an undisclosed sum.
San Diego, California-based residential solar company OneRoof Energy has entered into an agreement to sell its residential solar assets to Greenbacker Residential Solar for US$8 million in cash.