Add-on Acquisition • Energy Services and Equipment

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 Context
  • 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.

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M&A Deal Summary

Date July 11, 2012
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 Company

Palen Solar Project

United States
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Buyer Overview 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 Context for Buyer #
Overall 1 of 1
Sector: Energy Services and Equipment 1 of 1
Type: Add-on Acquisition 1 of 1
Country: United States 1 of 1
Year: 2012 1 of 1

Seller Profile 1

SELLER

Solar Trust of America

Cleveland, Ohio, United States

Category Company
Founded 2009
Sector Engineering
DESCRIPTION


Deal Context for Seller #
Overall 2 of 2
Sector: Energy Services and Equipment 2 of 2
Type: Add-on Acquisition 2 of 2
Country: United States 2 of 2
Year: 2012 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Blythe Solar Project

United States

Sell -