Announced
Completed
Financials
Tags
Friendly
Renewable Energy Equipment
Private
Single Bidder
Acquisition
solar energy
United States
Completed
Synopsis
PPL Corporation, one of the largest companies in the US utility sector, acquired Safari Energy, a leading provider of solar energy solutions for commercial customers in the US. Financial terms were not disclosed. "The Safari Energy acquisition offers PPL an attractive, low-risk opportunity to help advance a cleaner energy future; to support the growth of distributed energy resources, including energy storage; and to gain additional experience with technologies that will play a bigger role in shaping the future energy grid," said William H. Spence, chairman, president and chief executive officer of PPL Corporation.
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