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 12.3B USD (2024)
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 was founded in 1981 and is based in Arlington, Virginia.


DEAL STATS #
Overall 13 of 13
Sector: Renewable Energy M&A 5 of 5
Type: Add-on Acquisition M&A Deals 12 of 12
State: Pennsylvania M&A 1 of 1
Country: United States M&A 11 of 11
Year: 2021 M&A 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 M&A 3 of 3
Type: Add-on Acquisition M&A Deals 9 of 9
State: Pennsylvania M&A 1 of 1
Country: United States M&A 16 of 16
Year: 2021 M&A 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 -