Boston, MA -- (SBWIRE) -- 05/20/2013 -- MidAmerican Renewables, LLC, a leading renewable energy company, through its subsidiary, MidAmerican Solar, has completed the acquisition of the Antelope Valley Solar Power project (AVSP) in California, US, from SunPower Corporation for a purchase consideration ranging between $2 billion to $2.5billion. SunPower Corporation is engaged in designing, developing, manufacturing and selling solar power products and has permission to install this project in Kern and Los Angeles with a nameplate capacity for the project of about 579 Megawatts (MW). The acquisition of the mega-solar project was completed on January 2, 2013. The US Environmental Protection Agency estimates that the solar project is expected to offset more than 775,000 tons of carbon dioxide emissions per year.

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- The deal report includes the overview of the deal, comparable deals and details on the key drivers of the deal.
- It also provides the brief information on MidAmerican Renewables, LLC, SunPower Corporation, and 3.7.4 Southern California Edison Company.

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- This report provides insight about the deal between MidAmerican Renewables, LLC and SunPower Corporation.
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