FILE PHOTO - Solar panels sit on the roof of SunPower Corporation in Richmond, California March 18, 2010. REUTERS/Kim White/File Photo (Reuters) - Asset manager Capital Dynamics said on Monday it would acquire a joint venture company of solar power developers First Solar Inc (FSLR.O) and SunPower Corp (SPWR.O) for about $976.6 million. The joint venture, 8point3 Energy Partners LP CAFD.O, owns and operates solar energy generation projects in the United States. The deal, which has an enterprise value of about $1.7 billion, is expected to close in the second or the third quarter of fiscal 2018. Reporting by Taenaz Shakir in Bengaluru; Editing by Anil D'Silva
Swiss asset manager Capital Dynamics will acquire First solar project owner and operator 8point3 Energy Partners for around $ 500 million . The deal has a market value of $ 1.7bn , and is expected to close between March and Q3 of fiscal year 2018 . 8point3 Energy Partners is a joint venture between First Solar and SunPower .