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New Deal


Announced

Completed

FTC Solar and Taihua New Energy formed a new joint venture.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Joint Venture

Private

United States

Majority

Completed

solar power equipment

Cross Border

Friendly

Renewable Energy Equipment

Single Bidder

Synopsis

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FTC Solar, a US-based solar tracker maker, and Taihua New Energy, a steel fabrication company, formed a new joint venture to produce steel components for solar projects. Financial terms were not disclosed. "This agreement will additionally enhance our residential supply chain, and also our capability to support our clients as well as the growth of the United States solar market, with residential manufacturing making use of US steel," Sean Hunkler, FTC Solar CEO.

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