Deals
Blackstone Plans More Solar Investments After Selling Vivint
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Blackstone Group LP is still interested in solar energy after agreeing to sell its Vivint Solar Inc. unit to SunEdison Inc. for $2.2 billion, just not smaller rooftop projects.
The deal shows the value of having a large and diversified portfolio of power projects. For SunEdison, the world’s largest clean-energy developer, adding Vivint’s rooftop installation business fills a niche in its lineup. It’s an operation that was reaching its limits under Blackstone’s ownership.