M&A Deal Summary

Navisun Acquires Clean Energy Collective - Nine Active Solar Projects

On March 18, 2019, Navisun acquired renewable energy company Clean Energy Collective - Nine Active Solar Projects from Clean Energy Collective

Acquisition Highlights
  • This is Navisun’s 2nd transaction in the Renewable Energy sector.
  • This is Navisun’s 2nd transaction in the United States.
  • This is Navisun’s 1st transaction in Colorado.

M&A Deal Summary
Date 2019-03-18
Target Clean Energy Collective - Nine Active Solar Projects
Sector Renewable Energy
Buyer(s) Navisun
Sellers(s) Clean Energy Collective
Deal Type Divestiture

Target

Clean Energy Collective - Nine Active Solar Projects

Carbondale, Colorado, United States
Clean Energy Collective LLC - Nine Active Solar Project is a solar developer and solutions provider. The 14.3-megawatt community solar project portfolio is located throughout Massachusetts. The nine community solar facilities directly benefit subscribers by providing energy bill savings while supporting the state's commitment to advancing their renewable energy goals.

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Buyer(S) 1

Buyer

Navisun

Hingham, Massachusetts, United States

website

Category Company
Founded 2017
Sector Renewable Energy
DESCRIPTION

Navisun is distributed generation solar power producer that acquires, co-develops, constructs, finances, owns and operates distributed and small utility-scale solar and storage projects throughout the United States. Navisun was founded in 2017 and is based in Hingham, Massachusetts.

DEAL STATS #
Overall 2 of 2
Sector (Renewable Energy) 2 of 2
Type (Divestiture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-19 OSG Solar I

Wilmington, Delaware, United States

OSG Solar I LLC is a 2.746-megawatt (DC) solar project located in Orange, Massachusetts. OSG Solar I is based in Wilmington, Delaware.

Buy -

Seller(S) 1

SELLER

Clean Energy Collective

Carbondale, Colorado, United States

website

Category Company
Founded 2009
Sector Renewable Energy
DESCRIPTION

Clean Energy Collective (CEC) is a developer of community solar solutions. CEC pioneered the model of delivering clean power generation through large-scale facilities that are collectively owned by participating utility customers. Since establishing the first community-owned solar garden in the country in 2010 near El Jebel, Colorado, CEC has built or has under development 40 community solar projects with 18 utility partners across 7 states, representing 26 MW of community solar capacity.

DEAL STATS #
Overall 2 of 2
Sector (Renewable Energy) 2 of 2
Type (Divestiture) 2 of 2
State (Colorado) 2 of 2
Country (United States) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-28 Clean Energy Collective - Community Solar Portfolio

Carbondale, Colorado, United States

Clean Energy Collective LLC - Community Solar Portfolio is a 13.5 MWdc made up of projects in Massachusetts – where the offtake is with qualified commercial subscribers, and New York – where the offtake is with 100% qualified residential subscribers.

Sell -
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