Manufacturers and services specializing in solar energy have been cast in the M&A spotlight. Recently, Gibraltar Industries agreed to buy both RBI Solar Inc. and Rough Brothers Manufacturing Inc. for $130 million. Before that, SunEdison Inc. bought seven renewable energy projects on the heels of Solar Power Inc.’s acquisition of a Mongolian solar energy project for $101.3 million in November.
This uptick in deals stems from the anxiety companies are feeling over the ratcheting down of the federal solar investment tax credit. This ITC is expected to be reduced to 10 percent or less by the end of 2016, down from 30 percent.