German Co. Acquires San Diego Solar Developer

SAN DIEGO — German solar leader Payom Solar AG completed the acquisition of San Diego-based solar energy developer AmSolar Corporation, marking Payom’s entrance into the North American market and leveraging the company’s power purchase agreement structure for future deals.

 
The sale comes on the heels of AmSolar’s five megawatt power system installed for the San Diego Unified School District that covers 20 sites, 80 rooftops, six carports and 23,000 panels.

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