Deal Snapshot
7X ENERGY ACQUIRES 2 GWAC OF INVERTERS
Wednesday 09 October 2019

Texas, US-based solar developer 7X Energy, Inc. has purchased inverters that would qualify more than 2,000 MWac of projects for 100% of the Investment Tax Credit (ITC) if these projects are placed in service before the end of the fourth year of their start date, the company said.
The safe harbor procurement represents one of the largest purchases by an independent solar developer in the US with over USD 100m of equipment procured.


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Details
Date Published: 09/10/2019
Target: 2 GWac of Inverters
Country: USA
Sector: Alternative Energy
Type: Corporate acquisition
Financing:
Status: Closed
Vendor: Power Electronics
Buyer: 7X Energy, Inc
Comment:
Terms of the deal were not disclosed

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