| Holy Shiholy Batman! |
[Aug. 11th, 2006|07:38 pm] |
SunEdison Acquires Team Solar; Serious Legion of Superheroes Shihizzle
Wow. this is a match made in heaven. I swear. SunEd + TeamSolar TL4Eva...
Together they have installed enough solar panels to power 15,000 homes (and that's energy pig homes, not back-to-the-earth one-LED-christmas-light-is-fine-for-my-
reading-light hippy homes).
And while they come from radically different places, this is going to be a symbiotic powerforce. Nobody is talking about how much it sold for, but the Sun bought the Team! And it looks like Baltimore's brilliant SunEdison krewe is poised for even greater stature in the energy biz (and West Coast presence) now that they've bought TS... And they were already pretty amazing, known to provide competitively priced solar energy at or below local utility rates with various financing schemes (sometimes they lease big box's rooftops, put solar there and then sell the juice to the stores, other times they lease the PV to the stores, and do the the installations and maintenance...) And SunEd's CEO Jigar Shah is a solid leader, building a team with some insanely impresisve playere (it's like he raided the halls from BP S0lar --duh, they're in Maryland-- to Bechtel).
And TeamSolar is no slouch ...born under the close tutelage of Sacramento's highly evolved SMUD, Angela and Rick Lavezzo's tiny company has grown to be California's largest solar installer. No job too small or too large.
Now we know what they did with some of that twenny six point one $M they just raised with Gold Man Sachs. But this is awesome, this is grassroots California meets business2.0 east coast new green stylee. With balance and harmony for all, I expect SunEd will spred....
[source Sun Edison, LLC press release |
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