Solar energy: has the smart money seen the light?

cash and solar panels

Follow the money…

The big news in solar energy this week was the acquisition of Power-One — manufacturers of the fable Aurora Inverters — by the Swiss energy giant the ABB Group for one billion dollars. For those among us who will never see $1,000,000,000, to give you an idea of its worth, its about half of what celebrity Oprah Winfrey charged for her recent Australian appearance. [Read more…]

Aurora Inverters sold to Swiss giant for a cool $1Billion. SMA should be worried…

an aurora inverter surrounded by cash

Power-One has been sold to ABB for $1B

I’m a big fan of Aurora inverters. These thoroughbred Italian inverters are manufactured by a company called Power-One and are the second best selling inverters on the planet. (The best selling are SMA in case you didn’t know)

So news of Power-One being sold, lock, stock and barrel to Swiss engineering conglomerate ABB, made me sit up and take notice.

Why?

Two reasons: [Read more…]

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