M&A Deal Summary

ALLETE Clean Energy Acquires EDF Renewable 97.5 MW Wind Generation Facility

On April 16, 2015, ALLETE Clean Energy acquired renewable energy company EDF Renewable 97.5 MW Wind Generation Facility from EDF Renewable Energy for 48M USD

Acquisition Highlights
  • This is ALLETE Clean Energy’s 3rd transaction in the Renewable Energy sector.
  • This is ALLETE Clean Energy’s 2nd largest (disclosed) transaction.
  • This is ALLETE Clean Energy’s 4th transaction in the United States.
  • This is ALLETE Clean Energy’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2015-04-16
Target EDF Renewable 97.5 MW Wind Generation Facility
Sector Renewable Energy
Buyer(s) ALLETE Clean Energy
Sellers(s) EDF Renewable Energy
Deal Type Divestiture
Deal Value 48M USD

Target

EDF Renewable 97.5 MW Wind Generation Facility

Lake Benton, Minnesota, United States
EDF Renewable 97.5 megawatt (MW) wind generation facility,producing electricity under existing power purchase agreements.

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Buyer(S) 1

Buyer

ALLETE Clean Energy

Duluth, Minnesota, United States
Category Company
Founded 2011
Sector Renewable Energy
DESCRIPTION

ALLETE Clean Energy develops capital projects to create energy solutions by way of wind, solar, biomass, hydro, natural gas, shale resources, clean coal technology and other emerging energy innovations.

DEAL STATS #
Overall 4 of 5
Sector (Renewable Energy) 3 of 4
Type (Divestiture) 4 of 5
State (Minnesota) 1 of 1
Country (United States) 4 of 5
Year (2015) 1 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-18 NRG Energy 108MW Storm Lake 1 Wind Farm

Iowa, United States

The 108MW Storm Lake 1 Wind Farm in Iowa of NRG Energy comprises wind farm with production capacity of 108 megawatt.

Buy $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-02 AES Armenia Mountain Wind

Mainesburg,, Pennsylvania, United States

AES Armenia Mountain Wind LLC, a 100.5-megawatt (MW) Pennsylvania wind farm. Armenia Mountain consists of 67 General Electric turbines installed in 2009. All of the facility’s energy output is sold through existing power purchase agreements that extend through 2025.

Buy $108M

Seller(S) 1

SELLER

EDF Renewable Energy

San Diego, California, United States
Category Company
Founded 1987
Sector Energy Services and Equipment
DESCRIPTION

EDF Renewable Energy is one of the renewable energy players in the U.S. market and owns more than 1,400 MW of renewable power generation assets and more than 6,000MW of O&M service contracts through its affiliate company, EDF Renewable Services.

DEAL STATS #
Overall 4 of 9
Sector (Renewable Energy) 4 of 8
Type (Divestiture) 4 of 8
State (Minnesota) 1 of 1
Country (United States) 4 of 9
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-29 EDF Renewable Energy - CID Solar Project

California, United States

CID Solar Project comprises a solar project on 200 acres of private land with a 27 megawatt peak (MWp) or 20 MWac ground-mount facility and 3 solar photovoltaic modules with horizontal single-axis trackers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-25 OwnEnergy

Brooklyn, New York, United States

OwnEnergy, Inc. is a developer of mid-sized wind projects.

Buy -
Mergr

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