M&A Deal Summary |
|
|---|---|
| Date | 2019-07-18 |
| Target | KDC Solar - 75.2 Megawatt Solar Portfolio |
| Sector | Renewable Energy |
| Buyer(s) | CleanCapital |
| Sellers(s) | KDC Solar |
| Deal Type | Divestiture |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2015 |
| PE ASSETS | 500M USD |
| Size | Middle-Market |
| Type | Sector Focused |
CleanCapital is a private investment firm focused on direct investment opportunities in clean energy generation and storage. CleanCapital was established in 2015 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 10 |
| Sector (Renewable Energy) | 6 of 9 |
| Type (Divestiture) | 5 of 7 |
| State (New Jersey) | 2 of 2 |
| Country (United States) | 5 of 8 |
| Year (2019) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-01-22 |
Soltage - 7 Operating Solar Assets
Jersey City, New Jersey, United States Soltage's 7 Operating Solar Assets is a 16.5-megawatt portfolio consisting of seven operating solar projects which entered commercial operation between December 2013 to January 2016, average 2.4 MW, and range in size from 772 kW to 5.6 MW. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-15 |
Borrego Solar
San Diego, California, United States Borrego Solar is a privately-owned developer, designer, installer, and O&M provider of commercial and utility-scale solar and energy storage projects. Borrego Solar was formed in 1980 and is based in San Diego, California. |
Buy | - |
KDC Solar, LLC is a solar energy development company formed by Diamond Castle and management. The Company intends to focus on the development, ownership and management of 1 – 10 megawatt solar energy projects for commercial and industrial real estate owners in the New Jersey market. Utilizing a well-capitalized balance sheet, KDC Solar presents an opportunity to take advantage of a favorable solar energy regulatory framework in New Jersey, a densely populated state with limited other renewable energy options, in partnership with an experienced management team led by Hal Kamine. Mr. Kamine has established a successful track record of founding and growing businesses in response to major regulatory initiatives, including the development of one of the largest independent power producers in New York.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Renewable Energy) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2019) | 1 of 1 |
