New Global Infrastructure Partners entity acquires 4.7GW of SunPower’s utility-scale pipeline

On its first official day of business, Clearway Energy Group (CEG) created from New Global Infrastructure Partners (GIP) acquisition of NRG Energy, Inc.'s (NRG) renewables platform and NRG's controlling interest in NRG Yield, Inc., has announced the purchase of 4.7GW of SunPower’s utility-scale PV power plant pipeline, without disclosing financial details of the deal.

SunPower guides another year of massive losses

US-headquartered high-efficiency PV module producer SunPower Corp may have exceeded the high-end of module deployments guidance by 5MW in the second quarter of 2018, while easily beating revenue projections, but had not warned the market in advance of a massive US$447.1 million quarterly loss and full-year losses that could exceed the net GAAP loss of US$851 million posted in 2017.

SunPower buys SolarWorld Americas: the known unknowns

So technically, subject to approvals, California-headquartered SunPower Corp has acquired Hillsboro, Oregon-based PV manufacturer, SolarWorld Americas, yet typically there are many known unknowns regarding the acquisition.