M&A Deal Summary

Algonquin Acquires The Odell wind power project

On September 4, 2014, Algonquin acquired renewable energy company The Odell wind power project from Geronimo Wind Energy

Acquisition Highlights
  • This is Algonquin’s 10th transaction in the Renewable Energy sector.
  • This is Algonquin’s 12th transaction in the United States.
  • This is Algonquin’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2014-09-04
Target The Odell wind power project
Sector Renewable Energy
Buyer(s) Algonquin
Sellers(s) Geronimo Wind Energy
Deal Type Divestiture

Target

The Odell wind power project

Minnesota, United States
The Odell wind power project utilize proven turbine technology comprised of 100 Vestas V110-2.0 wind turbines.

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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 14 of 17
Sector (Renewable Energy) 10 of 10
Type (Divestiture) 11 of 11
State (Minnesota) 1 of 1
Country (United States) 12 of 13
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-13 Bakersfield Solar project

Kern County,, California, United States

Bakersfield Solar project a 20 MWac Solar Facility. Bakersfield Solar is expected to generate 53.3 GWh of energy per year and will have 20 year warranties on panels and inverters.

Buy $2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Empire District Electric

Joplin, Montana, United States

Empire District Electric Co. is a generator and distributor of electricity in Missouri, Kansas, Oklahoma, and Arkansas.

Buy CA$3.2B

Seller(S) 1

SELLER

Geronimo Wind Energy

Edina, Minnesota, United States
Category Company
Founded 2004
Sector Renewable Energy
DESCRIPTION

Geronimo Energy is a utility-scale wind and solar energy developer based in Edina, Minnesota, with active wind farms in Minnesota and a development pipeline of wind and solar projects in various stages of development throughout the Midwest with an aggregate nameplate capacity exceeding 3,000 megawatts of clean energy - roughly enough to power one million American homes.

DEAL STATS #
Overall 1 of 2
Sector (Renewable Energy) 1 of 2
Type (Divestiture) 1 of 2
State (Minnesota) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-23 Geronimo Wind Black Oak Getty Wind Project

United States

Geronimo Wind Black Oak Getty Wind Project will generate enough renewable power for approximately 30,000 Minnesota homes.

Sell -
Mergr

Product

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