Sharp Adds Solar Producer Recurrent For $305M

Law360, New York (September 22, 2010, 11:50 AM EDT) -- In a bid to bolster its North American solar panel business, Japanese electronics manufacturer Sharp Corp. announced Wednesday that it had acquired Recurrent Energy in a $305 million all-cash deal.

The deal, which is subject to balance sheet adjustments, is scheduled to close before the end of 2010, the two companies said.

San Francisco-based Recurrent is a leading solar project developer and generating company with more than 2 gigawatts of pipeline. Sharp said adding Recurrent was necessary because of the increasing demand for solar energy in...
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