Residential and commercial solar energy firm Real Goods Solar Inc. has signed a deal to merge with Wilton, CT-based Alteris Renewables Inc., a solar energy and wind power installer that serves the Northeast. The deal, subject to Real Goods Solar’s shareholder approval, is expected to close in the third quarter.
Based in Boulder, Colo., Real Goods Solar serves the Colorado and California markets and the deal gives it a foothold in the growing Northeast market. Alteris has been on the acquisition trail in recent years, acquiring renewable energy firm ISI Solar, New City, N.Y., last year.