M&A Deal Summary

AES Acquires Community Energy

On December 20, 2021, AES acquired renewable energy company Community Energy from NGP Energy Technology Partners

Acquisition Highlights
  • This is AES’s 5th transaction in the Renewable Energy sector.
  • This is AES’s 11th transaction in the United States.
  • This is AES’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2021-12-20
Target Community Energy
Sector Renewable Energy
Buyer(s) AES
Sellers(s) NGP Energy Technology Partners
Deal Type Add-on Acquisition

Target

Community Energy

Radnor, Pennsylvania, United States
Community Energy is an REC marketer and utility-scale solar/wind project developer, focused principally in the Northeast, Mid-Atlantic and Midwest. Community Energy was founded in 1999 and is based in Radnor, Pennsylvania.

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Buyer(S) 1

Buyer

AES

Arlington, Virginia, United States

Category Company
Founded 1981
Sector Utilities
Employees9,600
Revenue 12.7B USD (2023)
DESCRIPTION

AES is a power company that owns and operates a diverse and growing portfolio of electricity generation and distribution businesses, which provide reliable, affordable energy to customers in 21 countries. AES understands that a reliable, affordable supply of electricity is essential to human progress, economic growth, public health and security. AES was founded in 1981 and is based in Arlington, Virginia.


DEAL STATS #
Overall 13 of 13
Sector (Renewable Energy) 5 of 5
Type (Add-on Acquisition) 12 of 12
State (Pennsylvania) 1 of 1
Country (United States) 11 of 11
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 Valcour Wind Energy

Albany, New York, United States

Valcour Wind Energy operates a wind generation portfolio in New York along with a dedicated operations platform. The portfolio comprises six distinct wind farms located in Northern and Western New York.

Buy -

Seller(S) 1

SELLER

NGP Energy Technology Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Corporate Investor
Founded 2005
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

NGP Energy Technology Partners LP (“NGP ETP”) is private equity firm focused the energy sector. The Firm targets buyout and growth capital transactions in sub-sectors spanning alternative energy, energy efficiency, oilfield technology and power. NGP will consider both minority and control investments and looks to invest $5 to $30 million per transaction. NGP Energy Technology Partners is a subsidiary of the NGP Energy Capital Management. NGP Energy Technology Partners was formed in 2005 and is based Washington DC with an additional office in New Orleans.


DEAL STATS #
Overall 17 of 17
Sector (Renewable Energy) 3 of 3
Type (Add-on Acquisition) 9 of 9
State (Pennsylvania) 1 of 1
Country (United States) 16 of 16
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-09 TAS Energy

Houston, Texas, United States

TAS Energy, Inc. is a manufacturer of packaged cooling and energy systems for multiple end-markets, including Power Generation, Commercial & Industrial Cooling, Advanced Heat Recovery (including Geothermal), and Data Centers.

Sell -