M&A Deal Summary

Public Service Enterprise Group Acquires juwi - ERWR Whitcomb Farm Solar Project

On July 23, 2014, Public Service Enterprise Group acquired renewable energy company juwi - ERWR Whitcomb Farm Solar Project from juwi AG

Acquisition Highlights
  • This is Public Service Enterprise Group’s 2nd transaction in the Renewable Energy sector.
  • This is Public Service Enterprise Group’s 2nd transaction in the United States.
  • This is Public Service Enterprise Group’s 1st transaction in Vermont.

M&A Deal Summary
Date 2014-07-23
Target juwi - ERWR Whitcomb Farm Solar Project
Sector Renewable Energy
Buyer(s) Public Service Enterprise Group
Sellers(s) juwi AG
Deal Type Divestiture

Target

juwi - ERWR Whitcomb Farm Solar Project

Burlington, Vermont, United States
juwi - ERWR Whitcomb Farm Solar Project is located roughly 4 miles northeast of Burlington, Vermont and has a nameplate capacity of 3.6MWdc.

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Buyer(S) 1

Buyer

Public Service Enterprise Group

Newark, New Jersey, United States

website

Category Company
Founded 1985
Sector Utilities
Employees12,788
Revenue 9.8B USD (2022)
DESCRIPTION

Public Service Enterprise Group is a diversified energy company, provides electric and gas service – serving 2.2 million electric customers and 1.8 million gas customers or nearly three out of every four people in the state. Public Service Enterprise Group was founded in 1985 and is based in Newark, New Jersey.

DEAL STATS #
Overall 2 of 6
Sector (Renewable Energy) 2 of 6
Type (Divestiture) 2 of 5
State (Vermont) 1 of 1
Country (United States) 2 of 6
Year (2014) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-02 juwi solar - 13 Megawatt Solar Energy Facility

El Paso, Texas, United States

juwi solar - 13 Megawatt (MWdc) Solar Energy Facility is located 14 miles north of El Paso, adjacent to the existing El Paso Electric Newman Generating Station. The project was originally developed by JSI and has a 30-year power purchase agreement (PPA) with El Paso Electric Company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-22 juwi - 2.9 Megawatt Solar Energy Facility

Washington, District of Columbia, United States

juwi - 2.9 Megawatt (MWdc) Solar Energy Facility is located 22 miles Southeast of Washington, DC. The acquisition will increase the capacity of PSEG Solar Source’s portfolio to 123 MWdc. The project was originally developed by JSI and has a 20-year power purchase agreement with Southern Maryland Electric Cooperative (SMECO).

Buy -

Seller(S) 1

SELLER

juwi AG

Worrstadt,, Germany

website

Category Company
Founded 1996
Sector Renewable Energy
DESCRIPTION

juwi AG engages in the area of renewable energy with a strong regional presence. The company offers project development and EPC services as well as products and solutions for the energy turnaround.

DEAL STATS #
Overall 2 of 5
Sector (Renewable Energy) 2 of 5
Type (Divestiture) 2 of 5
State (Vermont) 1 of 1
Country (United States) 2 of 4
Year (2014) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-02 juwi solar - 13 Megawatt Solar Energy Facility

El Paso, Texas, United States

juwi solar - 13 Megawatt (MWdc) Solar Energy Facility is located 14 miles north of El Paso, adjacent to the existing El Paso Electric Newman Generating Station. The project was originally developed by JSI and has a 30-year power purchase agreement (PPA) with El Paso Electric Company.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-10 juwi solar - Solar Energy Project In Utah

United States

juwi solar - Solar Energy Project In Utah comprises solar energy project. The project has secured a 20-year power purchase agreement and an interconnection agreement.

Sell -
Mergr

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