M&A Deal Summary

Brookfield Renewable Partners Acquires Talen Energy - 292 MW Hydroelectric Portfolio

On October 8, 2015, Brookfield Renewable Partners acquired renewable energy company Talen Energy - 292 MW Hydroelectric Portfolio from Talen Energy for 860M USD

Acquisition Highlights
  • This is Brookfield Renewable Partners’ 14th transaction in the Renewable Energy sector.
  • This is Brookfield Renewable Partners’ 3rd largest (disclosed) transaction.
  • This is Brookfield Renewable Partners’ 10th transaction in the United States.
  • This is Brookfield Renewable Partners’ 3rd transaction in Pennsylvania.

M&A Deal Summary
Date 2015-10-08
Target Talen Energy - 292 MW Hydroelectric Portfolio
Sector Renewable Energy
Buyer(s) Brookfield Renewable Partners
Sellers(s) Talen Energy
Deal Type Divestiture
Deal Value 860M USD

Target

Talen Energy - 292 MW Hydroelectric Portfolio

Pennsylvania, United States
Talen Energy - 292 MW Hydroelectric Portfolio consists of two facilities, the 252 MW Holtwood station on the Susquehanna River and the 40 MW Wallenpaupack station on Lake Wallenpaupack in the Pocono Mountains, with a combined expected average annual generation of approximately 1.1 million megawatt hours.

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Buyer(S) 1

Buyer

Brookfield Renewable Partners

Toronto, Ontario, Canada

website

Category Company
Founded 1999
Sector Renewable Energy
Employees3,000
Revenue 4.7B USD (2022)
DESCRIPTION

Brookfield Renewable Energy Partners pure-play renewable power platforms globally. Its portfolio is primarily hydroelectric and totals approximately 6,700 megawatts of installed capacity. Brookfield Renewable Energy Partners was founded in 1999 and is based in Toronto, Canada.

DEAL STATS #
Overall 14 of 16
Sector (Renewable Energy) 14 of 15
Type (Divestiture) 7 of 7
State (Pennsylvania) 3 of 4
Country (United States) 10 of 12
Year (2015) 1 of 1
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-20 Energisa 488 MW Multi-Technology Renewable Portfolio

Brazil

Energisa S.A., 488 MW Multi-Technology Renewable Portfolio comprises a renewable portfolio that generates energy at a capacity of 488 mega watts.

Buy $935M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-26 Urban Grid

Stevensville, Maryland, United States

Urban Grid is a developer of utility-scale solar power plants. Urban Grid offers the development of approximately 646 MWp of solar projects and currently has more than 5,600 MWp of solar projects under development. Urban Grid Solar was founded in 2010 and is based in Stevensville, Maryland.

Buy $650M

Seller(S) 1

SELLER

Talen Energy

Allentown, Pennsylvania, United States

website

Category Company
Sector Utilities
Employees4,981
Revenue 4.5B USD (2015)
DESCRIPTION

Talen Energy is a competitive energy and power generation companies in the United States.

DEAL STATS #
Overall 2 of 10
Sector (Renewable Energy) 1 of 2
Type (Divestiture) 2 of 10
State (Pennsylvania) 1 of 4
Country (United States) 2 of 10
Year (2015) 2 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-08 Talen Energy Corp - Ironwood Power Plant

United States

Talen Energy Corp - Ironwood Power Plant is a provider of natural gas energy services.

Sell $654M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 Talen Renewable Energy

Allentown, Pennsylvania, United States

Talen Renewable Energy LLC consists of a portfolio of 25 utility-grade clean power projects in Pennsylvania, New Jersey, Vermont, and New Hampshire, with a total of 65 megawatts of nameplate generating capacity.

Sell -
Mergr

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