Capital Dynamics to acquire SunPower, First Solar JV for US$977 million

SunPower and First Solar JV will be bought over by asset manager Capital Dynamics for US$997 million.

The joint venture, 8point3 Energy Partners LP owns and operates solar energy generation projects in the United States.

The deal, which has an enterprise value of about US$1.7 billion, is expected to close in the second or the third quarter of fiscal 2018.