M&A Deal Summary

Algonquin Acquires Sandy Ridge wind farm

On October 9, 2012, Algonquin acquired renewable energy company Sandy Ridge wind farm from Gamesa Wind US

Acquisition Highlights
  • This is Algonquin’s 5th transaction in the Renewable Energy sector.
  • This is Algonquin’s 7th transaction in the United States.
  • This is Algonquin’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2012-10-09
Target Sandy Ridge wind farm
Sector Renewable Energy
Buyer(s) Algonquin
Sellers(s) Gamesa Wind US
Deal Type Divestiture

Target

Sandy Ridge wind farm

Pennsylvania, United States
Sandy Ridge wind farm power project produce wind power and operating in the commonwealth of Pennsylvania.

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Buyer(S) 1

Buyer

Algonquin

Oakville, Ontario, Canada
Category Company
Founded 1988
Sector Renewable Energy
Employees3,946
Revenue 2.7B USD (2023)
DESCRIPTION

Algonquin is a renewable energy and regulated utility company with assets across North America. The Corporation actively invests in hydroelectric, wind and solar power facilities, and sustainable utility distribution businesses (water, electricity and natural gas) through its two operating subsidiaries. Algonquin Power Company owns a direct or indirect equity interest in 20 hydroelectric generating facilities, 5 wind energy facilities, and 7 thermal energy facilities. Algonquin was founded in 1988 and is based in Oakville, Canada.

DEAL STATS #
Overall 9 of 17
Sector (Renewable Energy) 5 of 10
Type (Divestiture) 8 of 11
State (Pennsylvania) 1 of 1
Country (United States) 7 of 13
Year (2012) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-09 Minonk wind farm

Minonk, Illinois, United States

Minonk wind farm consists of 100 Gamesa G90-2.0 MW turbines installed on 100 meter towers, and produces 200 MWs of electrical power. Mortenson’s scope of work on the Minonk project includes the construction of 24 miles of access roads, foundations, turbine erection, 49 miles of underground collection, and construction of the O & M building.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Shady Oaks Holdings

United States

Shady Oaks Holdings LLC is a operator of wind power generation plants.

Buy -

Seller(S) 1

SELLER

Gamesa Wind US

Langhorne,, Pennsylvania, United States
Category Company
Founded 2003
Sector Electrical Equipment
DESCRIPTION

Gamesa Wind US, LLC Involves in construction, maintenance, and sale of wind farms in the United States.

DEAL STATS #
Overall 2 of 3
Sector (Renewable Energy) 2 of 3
Type (Divestiture) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 2 of 3
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-09 Minonk wind farm

Minonk, Illinois, United States

Minonk wind farm consists of 100 Gamesa G90-2.0 MW turbines installed on 100 meter towers, and produces 200 MWs of electrical power. Mortenson’s scope of work on the Minonk project includes the construction of 24 miles of access roads, foundations, turbine erection, 49 miles of underground collection, and construction of the O & M building.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-28 Three wind power projects

United States

Three wind power projects a 400 MW wind power project developed in United states.

Sell $117M
Mergr

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