M&A Deal Summary |
|
|---|---|
| Date | 2015-10-13 |
| Target | Granite Ridge Energy Center |
| Sector | Renewable Energy |
| Buyer(s) | Calpine |
| Sellers(s) | Granite Ridge Holdings |
| Deal Type | Divestiture |
| Deal Value | 500M USD |
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Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Company fleet of 80 power plants in operation or under construction represents approximately 26,000 megawatts of generation capacity. Through wholesale power operations and retail businesses Calpine Energy Solutions and Champion Energy, Company serve customers in 25 states, Canada and Mexico. Calpine clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner. Company are uniquely positioned to benefit from the secular trends affecting our industry, including the abundant and affordable supply of clean natural gas, environmental regulation, aging power generation infrastructure and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 9 |
| Sector (Renewable Energy) | 6 of 6 |
| Type (Divestiture) | 5 of 6 |
| State (New Hampshire) | 1 of 1 |
| Country (United States) | 7 of 8 |
| Year (2015) | 2 of 2 |
| Size (of disclosed) | 5 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-10-01 |
Champion Energy Marketing
Houston, Texas, United States Champion Energy Marketing LLC is a retail electric provider. |
Buy | $240M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-09-01 |
Calpine - Mankato Power Plant
Minnesota, United States Calpine - Mankato Power Plant is a 375 MW natural gas-fired, combined-cycle power plant located in Minnesota. Mankato is a modern, efficient and well-performing plant under long-term contract to the local utility and with an expansion in advanced development. |
Sell | $396M |
| Category | Company |
|---|---|
| Founded | 1998 |
| Sector | Utilities |
Granite Ridge Holdings LLC is a provider of electric services. Granite Ridge Energy, LLC was founded in 1998 and is based in Londonderry, New Hampshire.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Renewable Energy) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (New Hampshire) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2015) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
