M&A Deal Summary

BrightSource Energy Acquires Palen Solar Project

On July 11, 2012, BrightSource Energy acquired energy services and equipment company Palen Solar Project from Solar Trust of America

Acquisition Highlights
  • This is BrightSource Energy’s 1st transaction in the Energy Services and Equipment sector.
  • This is BrightSource Energy’s 1st transaction in the United States.

M&A Deal Summary

Date 2012-07-11
Target Palen Solar Project
Sector Energy Services and Equipment
Buyer(s) BrightSource Energy
Sellers(s) Solar Trust of America
Deal Type Add-on Acquisition

Target

Palen Solar Project

United States

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Buyer(S) 1

Buyer

BrightSource Energy

Oakland, California, United States

Category Company
Founded 2006
Sector Energy Services and Equipment
DESCRIPTION

BrightSource Energy is a designer, developer and deploys concentrating solar thermal technology to produce high-value steam for electric power, petroleum and industrial-process markets worldwide. BrightSource combines breakthrough technology with world-class solar power plant design capabilities to generate clean energy reliably and responsibly. BrightSource Energy was founded in 2006 and is based in Oakland, California.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2012 M&A 1 of 1

Seller(S) 1

SELLER

Solar Trust of America

Cleveland, Ohio, United States

Category Company
Founded 2009
Sector Engineering
DESCRIPTION


DEAL STATS #
Overall 2 of 2
Sector: Energy Services and Equipment M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: United States M&A 2 of 2
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Blythe Solar Project

United States

Sell -