M&A Deal Summary

AtlasPower Acquires ENGIE - U.S. Follis Portfolio

On February 25, 2016, AtlasPower acquired renewable energy company ENGIE - U.S. Follis Portfolio from ENGIE for 3.3B USD

Acquisition Highlights
  • This is AtlasPower’s 1st transaction in the Renewable Energy sector.
  • This is AtlasPower’s largest (disclosed) transaction.
  • This is AtlasPower’s 1st transaction in the United States.

M&A Deal Summary

Date 2016-02-25
Target ENGIE - U.S. Follis Portfolio
Sector Renewable Energy
Buyer(s) AtlasPower
Sellers(s) ENGIE
Deal Type Divestiture
Deal Value 3.3B USD

Target

ENGIE - U.S. Follis Portfolio

United States
ENGIE - U.S. Follis Portfolio consisting of 8,731 megawatts of generation capacity located in ERCOT, PJM, and ISO-New England.

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Buyer(S) 1

Buyer

AtlasPower

Tijeras, New Mexico, United States

website


Category Company
Sector Renewable Energy
DESCRIPTION

AtlasPower is a provider of superior expertise in the field of power system testing and commissioning. Company capabilities range from EHV substations to all forms of power producing facilities, including wind farms and solar projects.


DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

ENGIE

Courbevoie, France

website


Category Company
Founded 1880
Sector Utilities
Employees171,000
Revenue 93.9B EUR (2022)
DESCRIPTION

ENGIE is a French utility company. GDF provides electricity generation and distribution, natural gas and renewable energy. ENGIE was founded in 1880 and is based in Courbevoie, France.


DEAL STATS #
Overall 5 of 8
Sector (Renewable Energy) 2 of 3
Type (Divestiture) 4 of 7
Country (United States) 2 of 4
Year (2016) 2 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-25 ENGIE - 1.4GW Hydroelectric Assets Portfolio

New England, United States

ENGIE's 1.4GW Hydroelectric Assets Portfolio are core operational merchant hydroelectric facilities located primarily on the Connecticut River in Massachusetts and the Housatonic River in Connecticut. They constitute the 2 nd largest privately-owned hydroelectric portfolio within the well-developed and functional ISO New-England (ISO-NE) power market. They include the 1,168MW Northfield Mountain pumped-storage facility as well as 12 conventional hydroelectric facilities, the three largest of which represent an aggregate generation capacity of 134MW. The portfolio generates Renewable Energy Credits.

Sell $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-10 Maia Eolis SA

Lille, France

Maia Eolis SA is a provider in the development, construction, operation and maintenance of wind farms in France.

Buy -