M&A Deal Summary

SunEdison Acquires Atlantic Power Corp - Wind Portfolio

On June 26, 2015, SunEdison acquired renewable energy company Atlantic Power Corp - Wind Portfolio from Atlantic Power for 347M USD

Acquisition Highlights
  • This is SunEdison’s 9th transaction in the Renewable Energy sector.
  • This is SunEdison’s 2nd largest (disclosed) transaction.
  • This is SunEdison’s 9th transaction in the United States.

M&A Deal Summary
Date 2015-06-26
Target Atlantic Power Corp - Wind Portfolio
Sector Renewable Energy
Buyer(s) SunEdison
Sellers(s) Atlantic Power
Deal Type Divestiture
Deal Value 347M USD

Target

Atlantic Power Corp - Wind Portfolio

United States
Atlantic Power Corp - Wind Portfolio is a provider of renewable energy services.

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Buyer(S) 1

Buyer

SunEdison

St. Peters, Montana, United States

website

Category Company
Founded 1984
Sector Renewable Energy
Employees7,260
Revenue 2.5B USD (2014)
DESCRIPTION

SunEdison is the largest global renewable energy development company and is transforming the way energy is generated, distributed, and owned around the world. The company develops, finances, installs, owns and operates renewable power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers. SunEdison is one of the world's largest renewable energy asset managers and provides customers with asset management, operations and maintenance, monitoring and reporting services.

DEAL STATS #
Overall 13 of 14
Sector (Renewable Energy) 9 of 9
Type (Divestiture) 4 of 4
Country (United States) 9 of 9
Year (2015) 6 of 7
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-16 Globeleq

St. Peter Port Guernsey, United Kingdom

Globeleq has a strong management team dedicated to the development of greenfield power generation projects in the emerging markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-21 Mark Group

Leicester, United Kingdom

Mark Group is a full service energy solutions provider and a SunEdison solar sales and installation partner. Mark Group is a leader in the UK residential market, offering its approximately two million UK customers energy efficient solar systems, heating systems and insulation products.

Buy -

Seller(S) 1

SELLER

Atlantic Power

Dedham, Massachusetts, United States

website

Category Company
Founded 2004
Sector Utilities
Employees266
Revenue 282M USD (2019)
DESCRIPTION

Atlantic Power Corp. is a power generation and infrastructure company with a well-diversified portfolio of assets in the United States and Canada. Atlantic Power was formed in 2004 and is based in Dedham, Massachusetts.

DEAL STATS #
Overall 3 of 4
Sector (Renewable Energy) 2 of 2
Type (Divestiture) 1 of 2
Country (United States) 3 of 4
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-07 Gregory Cogeneration Plant - Corpus Christi

Corpus Christi, Texas, United States

Gregory cogeneration plant provides steam, processed water and a small percentage of its electrical generation to the Corpus Christi Sherwin Alumina plant.

Sell $244M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-19 Morris Cogeneration

Morris, Illinois, United States

Morris Cogeneration is a 177-megawatt combined heat and power facility. Morris Cogeneration is based in Morris, Illinois.

Sell -
Mergr

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