M&A Deal Summary

BluEarth Renewables Acquires Canadian Solar - The Suffield Solar Project

On September 21, 2020, BluEarth Renewables acquired renewable energy company Canadian Solar - The Suffield Solar Project from Canadian Solar

Acquisition Highlights
  • This is BluEarth Renewables’ 1st transaction in the Renewable Energy sector.
  • This is BluEarth Renewables’ 1st transaction in Canada.
  • This is BluEarth Renewables’ 1st transaction in Alberta.

M&A Deal Summary
Date 2020-09-21
Target Canadian Solar - The Suffield Solar Project
Sector Renewable Energy
Buyer(s) BluEarth Renewables
Sellers(s) Canadian Solar
Deal Type Divestiture

Target

Canadian Solar - The Suffield Solar Project

Alberta, Canada
Canadian Solar, Inc. - The Suffield Solar Project has a capacity of 23 MWac/32 MWp and is a large solar photovoltaic (PV) facility in the province of Alberta.

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Buyer(S) 1

Buyer

BluEarth Renewables

Calgary, Alberta, Canada
Category Company
Founded 2010
Sector Renewable Energy
DESCRIPTION

BluEarth Renewables is an independent, power producer that develops, builds, owns and operates wind, hydro and solar facilities. BluEarth Renewables was founded in 2010 and is based in Calgary, Alberta.

DEAL STATS #
Overall 1 of 3
Sector (Renewable Energy) 1 of 3
Type (Divestiture) 1 of 3
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-22 NorthRenew Energy - Wind Project

Missouri, United States

NorthRenew's 247 MW Buffalo Branch Wind Project is an experienced renewable and sustainable project developer. The Project is expected to bring significant economic benefit to Dade County.

Buy -

Seller(S) 1

SELLER

Canadian Solar

Guelph, Ontario, Canada
Category Company
Founded 2001
Sector Semiconductors
Employees13,535
Revenue 7.6B USD (2023)
DESCRIPTION

Canadian Solar a vertically integrated provider of solar modules, specialized solar products and solar power plants. Canadian Solar is committed to improve the environment and dedicated to provide advanced solar energy products, solutions and services to enable sustainable development around the world. Canadian Solar was founded in 2001 and is based in Guelph, Ontario.

DEAL STATS #
Overall 3 of 6
Sector (Renewable Energy) 3 of 6
Type (Divestiture) 3 of 6
State (Alberta) 1 of 1
Country (Canada) 2 of 2
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-11 eNow

Warwick, Rhode Island, United States

eNow, Inc. is a designer, developer and manufacturer of solar-based power systems for the commercial trucking, RV, and Marine industries. eNow's solutions are known for their durability, superior power, low cost, and quick return on investment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-17 Big Fish SPV S.r.l.

Milano, Italy

Big Fish SPV S.r.l. owns a solar project currently under development in the provinces of Catania and Siracusa, Sicily, for a total capacity in excess of 250 MW. The project, which has secured grid connection and preliminary land rights, has applied for permits and authorizations at the end of 2019.

Sell -
Mergr

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