Sunrun acquired the residential division of REC Solar, AEE Solar and SnapNrack. The companies represent Mainstream Energy's residential solar sales, design and installation; wholesale distribution; and mounting systems and hardware businesses, respectively. In the commercial market, REC Solar will continue as an independent organization under the legal name REC Solar Commercial. The value of the transaction was not disclosed.
IKEA officially plugged-in its solar energy system installed, developed and designed by REC Solar, at its store in Stoughton, Massachusetts. The 118,000-square-foot photovoltaic (PV) array consists of a 590.8-kW (DC) system, built with 4,220 laminated panels. IKEA owns and operates each of its solar PV energy systems atop its buildings – as opposed to a solar lease or PPA – and globally has allocated $1.8 billion to invest in renewable energy through 2015.