M&A Deal Summary |
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Date | 2018-08-09 |
Target | Lincoln Clean Energy |
Sector | Renewable Energy |
Buyer(s) | Ørsted |
Sellers(s) | I Squared Capital |
Deal Type | Add-on Acquisition |
Deal Value | 580M USD |
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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 | 2 of 4 |
Sector (Renewable Energy) | 2 of 4 |
Type (Add-on Acquisition) | 2 of 2 |
State (Illinois) | 1 of 1 |
Country (United States) | 2 of 4 |
Year (2018) | 1 of 2 |
Size (of disclosed) | 1 of 2 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2016-01-01 |
Ørsted - South Fork Revolution Wind and two New England offshore wind lease areas
Massachusetts, United States Ørsted - South Fork, Revolution Wind, and two New England offshore wind lease areas include the following New England offshore wind projects: Revolution Wind (704MW) which will deliver power to Rhode Island (400MW) and Connecticut (304MW). The Revolution Wind lease area is located approx. 15 miles south of the Rhode Island coast. South Fork (approx 130MW): Located 35 miles east of Long Island, South Fork will interconnect into eastern Long Island where it will deliver power to households under a long-term power purchase agreement with the Long Island Power Authority. Two undeveloped New England lease areas, Massachusetts North and Massachusetts South, which can potentially be developed into significantly above 1GW offshore wind capacity. |
Buy | - |
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 |
I Squared Capital is a global infrastructure investment manager focusing on energy, utilities, and transportation assets in North America, Europe, and select high growth economies. I Squared Capital was established in 2012 and is headquartered in New York City.
DEAL STATS | # |
---|---|
Overall | 1 of 2 |
Sector (Renewable Energy) | 1 of 1 |
Type (Add-on Acquisition) | 1 of 2 |
State (Illinois) | 1 of 1 |
Country (United States) | 1 of 2 |
Year (2018) | 1 of 1 |
Size (of disclosed) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2018-08-07 |
TIP Trailer Services Management B.V.
Amsterdam, Netherlands TIP Trailer Services Management B.V. is specializes in trailer leasing, rental, maintenance and repair, as well as other value-added services and provide these to transportation and logistics customers across Europe and Canada. TIP Trailer Services was founded in 1957 and is based in Amsterdam, Netherlands. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2019-06-25 |
Cube Hydro Partners
Bethesda, Maryland, United States Cube Hydro Partners LLC is an operator of small and medium-sized 19 hydropower facilities, providing 385 MW of in-service capacity facilities based in the northeast and southeast United States. Cube Hydro Partners LLC was founded in 2014 and is based in Bethesda, Maryland. |
Sell | - |