M&A Deal Summary

Enbridge Acquires EverPower Wind - 103-Megawatt West Virginia Wind Project

On November 25, 2015, Enbridge acquired renewable energy company EverPower Wind - 103-Megawatt West Virginia Wind Project from EverPower for 200M USD

Acquisition Highlights
  • This is Enbridge’s 1st transaction in the Renewable Energy sector.
  • This is Enbridge’s 5th largest (disclosed) transaction.
  • This is Enbridge’s 2nd transaction in the United States.
  • This is Enbridge’s 1st transaction in West Virginia.

M&A Deal Summary
Date 2015-11-25
Target EverPower Wind - 103-Megawatt West Virginia Wind Project
Sector Renewable Energy
Buyer(s) Enbridge
Sellers(s) EverPower
Deal Type Divestiture
Deal Value 200M USD

Target

EverPower Wind - 103-Megawatt West Virginia Wind Project

Grant County, West Virginia, United States
EverPower Wind - 103-Megawatt West Virginia Wind Project is an independent U.S. renewable energy developer comprise 49 Gamesa G97/G90 turbines.

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Buyer(S) 1

Buyer

Enbridge

Calgary, Alberta, Canada

website

Category Company
Founded 1949
Sector Energy Services and Equipment
Employees11,100
Revenue 53.3B CAD (2022)
DESCRIPTION
Enbridge office in West Duluth, Minnesota.
Enbridge office in West Duluth, Minnesota.

Enbridge operates a US and Canadian crude oil and liquid transportation network. Enbridge was incorporated in 1949 and is based in Calgary, Canada.

DEAL STATS #
Overall 4 of 13
Sector (Renewable Energy) 1 of 3
Type (Divestiture) 1 of 5
State (West Virginia) 1 of 1
Country (United States) 2 of 9
Year (2015) 2 of 2
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-02 U.S. Segment of Alberta Clipper Pipeline

United States

U.S. Segment of Alberta Clipper Pipeline is a Pipeline company of crude oil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-27 Murphy Oil - Montney Natural Gas Assets

Dawson Creek, British Columbia, Canada

Murphy Oil - Montney Natural Gas Assets are Tupper Main and Tupper West gas plants and associated pipelines in northeastern B.C comprises natural gas fields.

Buy $538M

Seller(S) 1

SELLER

EverPower

Pittsburgh, Pennsylvania, United States

website

Category Company
Founded 2002
Sector Renewable Energy
DESCRIPTION

EverPower is headquartered in New York, with assets concentrated in the attractive North East and West Coast US power markets. It has one wind farm facility that commenced commercial operations in 2009 with a 63MW operating capacity and a substantial portfolio of attractive near–term development opportunities.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (West Virginia) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-09 Big Sky Wind Farm

United States

Buy -
Mergr

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