Sunrun in triple acquisition spree

The deals will strengthen Sunrun's hand in rooftop PV

The deals will strengthen Sunrun's hand in rooftop PV

Sunrun has acquired the residential business of California-based REC Solar, a leading US module installer, putting itself even more squarely in competition with SolarCity within the fiery US residential rooftop PV market.

Sunrun will also acquire AAE Solar, a wholesale PV distributor, and SnapNrack, a mounting systems business, all three companies bought from privately owned Mainstream Energy Corp.

REC Solar was already a major installation partner of Sunrun, which competes with the likes of SolarCity, SunPower and BlackRock-owned Vivint in the booming third-party ownership sector in the US.

REC Solar, based in San Luis Obispo, is not to be confused with the identically named Singapore-based REC Solar, which was spun off from Norway’s REC Group last year.

Despite being a major player in the US third-party ownership solar sector, privatey-held Sunrun has relied on downstream Log in to read complete article.

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