SinglePoint closes buy of Boston Photo voltaic, plans extra offers

April 27 (Renewables Now) – SinglePoint Inc (OTCQB:SING) on Tuesday mentioned it has accomplished the acquisition of New England photo voltaic installer The Boston Photo voltaic Firm LLC as the primary of many deliberate acquisitions this yr.

SinglePoint goals to purchase extra full-service photo voltaic engineering, procurement and development (EPC) corporations throughout the US that may complement one another and create economies of scale. Its ambition is to construct a photo voltaic companies community, offering rooftop photo voltaic, vitality storage and electrical car (EV) fees to owners and enterprise house owners.

Boston Photo voltaic is an organization that final yr generated USD 17.7 million (EUR 16.6m) in revenues and is predicted to achieve turnover of no less than USD 25 million in 2022. SinglePoint mentioned the completion of its acquisition, which was introduced in late 2021, “begins the timeline for SinglePoint to start out its up-listing software course of to realize the purpose of a NASDAQ itemizing in 2022.”

(USD 1 = EUR 0.937)

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