Transaction|November 4, 2010
Recurrent Energy completes sale to Sharp Corporation
Torys acted as counsel to Recurrent Energy on the Canadian aspects of the transaction with a team that included Philip Symmonds, Valerie Helbronner, Corrado Cardarelli and Andrew Wong (tax), Wilfred Estey and Tyson Dyck.
On November 4, 2010, Recurrent Energy announced the completion of its sale to Sharp Corporation (TSX: 6753). Sharp paid C$305 million in cash to purchase a 100% stake in Recurrent Energy, which is now a wholly owned subsidiary of Sharp.
Recurrent Energy, headquartered in San Francisco, CA, is a leading solar project developer and generating company marketing clean power to utilities and large energy users. The company has a global pipeline of over 2 GW of solar projects in development across North America, Europe, and emerging markets, including 154.5 MW of solar projects awarded under Ontario's Feed-in Tariff Program (the largest solar power allocation).
Sharp Corporation is a Japan-based company engaged in the manufacture and sale of electric telecommunication, electrics and electronic equipment.
Further information is found on Recurrent Energy's website.
Recurrent Energy, headquartered in San Francisco, CA, is a leading solar project developer and generating company marketing clean power to utilities and large energy users. The company has a global pipeline of over 2 GW of solar projects in development across North America, Europe, and emerging markets, including 154.5 MW of solar projects awarded under Ontario's Feed-in Tariff Program (the largest solar power allocation).
Sharp Corporation is a Japan-based company engaged in the manufacture and sale of electric telecommunication, electrics and electronic equipment.
Further information is found on Recurrent Energy's website.