M&A Deal Summary |
|
|---|---|
| Date | 2020-01-01 |
| Target | Ocean Wind 1 |
| Sector | Renewable Energy |
| Buyer(s) |
Public Service Enterprise Group
Ørsted |
| Deal Type | Joint Venture |
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| Category | Company |
|---|---|
| Founded | 1985 |
| Sector | Utilities |
| Employees | 12,788 |
| Revenue | 9.8B USD (2022) |
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 | 6 of 6 |
| Sector (Renewable Energy) | 6 of 6 |
| Type (Joint Venture) | 1 of 1 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 6 of 6 |
| Year (2020) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-08-25 |
Hanergy America - Columbia Solar Project
Pittsburg, California, United States The facility, built on a remediated brownfield, is located 40 miles northeast of San Francisco in Pittsburg, CA. The 25.4 MW-dc facility has 83,000 solar panels on a 105-acre remediated parcel located in an historically industrial zone. The site underwent an extensive cleanup, led by site owner USS-POSCO Industries, over several years under the supervision of the California Department of Toxic Substances Control. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-12 |
Public Service Enterprise Group - 6 750-Megawatt Fossil Generating Portfolio
Newark, New York, United States Public Service Enterprise Group's 6,750-Megawatt Fossil Generating Portfolio is a provider of energy services to clients. |
Sell | $1.9B |
Ørsted is a developer of offshore wind farms, Ørsted has installed 5.1 GW offshore wind capacity in Europe and has a further 3.8 GW under construction. It is Ørsted’s ambition to have installed a total offshore wind capacity of 11-12 GW worldwide by 2025. Ørsted entered the U.S. in 2015 and sees the U.S. renewables market as an attractive, strategic growth opportunity. Ørsted holds the right to develop Bay State Wind and Ocean Wind, in total up to 4 GW of potential offshore wind capacity.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector (Renewable Energy) | 4 of 4 |
| Type (Joint Venture) | 1 of 1 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 4 of 4 |
| Year (2020) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-08 |
Deepwater Wind
Providence, Rhode Island, United States Deepwater Wind is an offshore wind and transmission developer. Deepwater Wind delivers Block Island, the offshore wind farm in the US and has built-up a portfolio of 810MW of development stage assets with long-term revenue contracts awarded, with a further approx. 2.5GW potential capacity. Deepwater Wind was founded in 2007 and is based in Providence, Rhode Island. |
Buy | $510M |
