Climate Changed
Sungevity Brand Returns Via Solar Spectrum-Horizon Merger
- Northern Pacific-backed Solar Spectrum Bought Horizon Solar
- Deal comes after bankruptcies and amid potential contraction
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Solar Spectrum, a clean-energy company backed by private equity firm Northern Pacific Group, bought residential system provider Horizon Solar Power.
They will sit together under the Sungevity brand, the Oakland, California-based solar company that filed for bankruptcy in March. Terms weren’t disclosed in a statement Tuesday. Solar Spectrum in April bought assets from Sungevity.