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Isle solar company sold

By Erika Engle

LAST UPDATED: 07:17 a.m. HST, Mar 27, 2014

Kailua-based Sunetric has been sold to RGS Energy in Kentucky for $16 million in cash and stock.

 The deal also may involve an additional $3 million in possible earn-out payments, according to a statement.

Sunetric is among the state's largest local solar energy developers and installers, and announced expansion to the mainland in December of 2011.

Since 2004, Sunetric has installed more than 3,500 solar projects in the state, representing more htan 65 megawatts of installations.

Publicly traded RGS has been selling and installing photovoltaic panels since 1978 and has installed more than 19,000 systems representing more than 170 megawatts of energy.

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LadyNinja wrote:
So who bought?
on March 27,2014 | 09:07AM
MakaniKai wrote:
RGS Energy in Kentucky
on March 27,2014 | 12:21PM
MakaniKai wrote:
RGS Energy in Kentucky
on March 27,2014 | 02:06PM
localguy wrote:
RGS Energy in Kentucky. Did you not read the article?
on March 27,2014 | 06:15PM
cojef wrote:
Watch the price of solar energy installations going up after the buy-out. The bottom-line is represented in money and up, up and away.
on March 27,2014 | 10:32AM
XlllX wrote:
what?!? are you talking about?...solar prices go up? makes no sense..cannot increase the price of daylight...moron
on March 27,2014 | 11:20PM
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