February 25, 2014

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah

Sections

Spotlight
Martin Plaehn

Spotlight
Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

TechKnowledge
In the Lab

EntrepreneurEdge
Rent to Own

Business Trends
Back from the Dead

Executive Living
Artful Inspiration

Features
A Breath of Fresh Air

Features
Worst-Case Scenario

Regional Report
Northern Utah

Focus
Measure Up

Industry Outlook
Travel & Tourism

Players
Players

Article

Sustainable Power Group Merges With Silverado Power

Press Release

February 25, 2014

Salt Lake City — Silverado Power, a portfolio company of Fir Tree Partners, has completed a merger with solar independent power producer Sustainable Power Group. The newly created entity will be called sPower.

The new company will maintain offices in Salt Lake City, Utah and San Francisco, California and will use sPower’s name, logo and website (www.sPower.com&esheet=50810088&newsitemid=20140224005774&lan=en-US&anchor=www.sPower.com&index=1&md5=bbb2f49b50b3e4c7a2c682818216646b" target="_blank">www.sPower.com).

Reznick Capital Markets acted as advisor to Fir Tree on both the Silverado and sPower transactions. Media Venture Partners acted as advisor to Silverado in its transaction with Fir Tree.

The combined company will focus on completing development of its approximately 400 megawatt portfolio of solar PV projects, partnering with developers to finance late-stage renewable energy development projects, purchasing renewable energy operating projects, and providing operations of renewable power producing projects.

Headquartered in Salt Lake City, Utah, sPower owns and operates more than 100 solar PV facilities nationwide.

“sPower has proven that we can build, operate and finance solar projects on a large scale,” said Ryan Creamer, CEO of sPower. “With the Silverado team, we hope to build at least 100 megawats of solar projects in 2014 and over 150 megawats in 2015.”

Utah Business Social
UB Events View All
2014 Fast 50 EventUtah Business Event
Aug 28, 2014
Utah Business magazine along with presenting sponsors Kirton McConkie, CBIZ, MHM, LLC and Newmark...
Community Events View All
Linux LPIC-1 Exam Prep Course 1
Aug 27, 2014
Designed to provide the essential skills needed to be proficient at the UNIX or Linux command lin...
Utah Hogle Zoo presents Animal Superpowers
Aug 28, 2014
Utah Hogle Zoo presents Animal Superpowers

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel