SunPower Buys PowerLight

SunPower Corp. (Nasdaq: SPWR) has agreed to acquire PowerLight Corp., a Berkeley, Calif.-based provider of large-scale solar power systems, for total consideration of $265 million (including $130 million in cash). PowerLight had raised around $20 million in VC funding from firms like Bay Area Equity Fund and New Energies Invest AG. www.powerlight.com