Saturday, February 20, 2010

Solar in Malta

Having just arrived back from Malta, this M&A transaction was particularly interesting whereby California-based SunPower acquired Malta-based SunRay for $277 million USD:

Malta is a small island but being only 295 kilometers East of Tunisia has a large concentration of solar development companies due to the excellent solar resource and utilization in the country.

The wind regime is also very good and there was some talk about offshore potential but as far as I could tell no developer had yet made moves to develop - I assume it is only a matter of time...

No comments:

Post a Comment