M&A Deal Summary

Brookfield Renewable Partners Acquires NextEra Energy 19 Hydroelectric Generating Stations

On December 21, 2012, Brookfield Renewable Partners acquired renewable energy company NextEra Energy 19 Hydroelectric Generating Stations from NextEra Energy Resources for 760M USD

Acquisition Highlights
  • This is Brookfield Renewable Partners’ 4th transaction in the Renewable Energy sector.
  • This is Brookfield Renewable Partners’ 5th largest (disclosed) transaction.
  • This is Brookfield Renewable Partners’ 4th transaction in the United States.
  • This is Brookfield Renewable Partners’ 1st transaction in Maine.

M&A Deal Summary
Date 2012-12-21
Target NextEra Energy 19 Hydroelectric Generating Stations
Sector Renewable Energy
Buyer(s) Brookfield Renewable Partners
Sellers(s) NextEra Energy Resources
Deal Type Divestiture
Deal Value 760M USD

Target

NextEra Energy 19 Hydroelectric Generating Stations

Maine, United States
NextEra Energy 19 Hydroelectric Generating Stations, consists of 19 hydroelectric facilities and 8 upstream storage reservoir dams primarily on the Kennebec, Androscoggin and Saco rivers in Maine, with an aggregate capacity of 351 megawatts and expected average annual generation of approximately 1.6 million megawatt hours.

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Buyer(S) 1

Buyer

Brookfield Renewable Partners

Toronto, Ontario, Canada
Category Company
Founded 1999
Sector Renewable Energy
Employees4,770
Revenue 5.0B USD (2023)
DESCRIPTION

Brookfield Renewable Energy Partners pure-play renewable power platforms globally. Its portfolio is primarily hydroelectric and totals approximately 6,700 megawatts of installed capacity. Brookfield Renewable Energy Partners was incorporated in 1999 and is headquartered in Toronto, Ontario.

DEAL STATS #
Overall 4 of 17
Sector (Renewable Energy) 4 of 16
Type (Divestiture) 3 of 8
State (Maine) 1 of 2
Country (United States) 4 of 12
Year (2012) 3 of 3
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-15 Alcoa Power Generating Inc

United States

Alcoa Power Generating, a 378-megawatt Tapoco Hydroelectric Project. Tapoco is a four-station hydroelectric project located on the Little Tennessee and Cheoah Rivers in eastern Tennessee and western North Carolina.

Buy $600M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-13 Powell River Energy

Powell River, British Columbia, Canada

Powell River Energy consists of two generating stations with a total installed capacity of 83 MW producing an average of 546 GWh on an annual basis. The system has storage capacity of approximately 158 GWh and is interconnected to the British Columbia power grid.

Buy -

Seller(S) 1

SELLER

NextEra Energy Resources

Juno Beach, Florida, United States
Category Company
Founded 1985
Sector Energy Services and Equipment
DESCRIPTION

NextEra Energy Resources LLC is engages in the generation of electricity in the wholesale energy markets.

DEAL STATS #
Overall 1 of 5
Sector (Renewable Energy) 1 of 3
Type (Divestiture) 1 of 5
State (Maine) 1 of 1
Country (United States) 1 of 5
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-05 Cimarron 1 Wind Project

United States

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-01 NextEra Energy 351 MW Hydroelectric Portfolio

United States

NextEra Energy 351 MW Hydroelectric Portfolio consists of 19 hydroelectric facilities and eight upstream storage reservoirs primarily on the Kennebec, Androscoggin and Saco rivers in Maine, with an expected average generation of approximately 1.6 million megawatt hours annually.

Sell -
Mergr

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