M&A Deal Summary

Brookfield Renewable Partners Acquires Urban Grid

On January 26, 2022, Brookfield Renewable Partners acquired renewable energy company Urban Grid for 650M USD

Acquisition Highlights
  • This is Brookfield Renewable Partners’ 16th transaction in the Renewable Energy sector.
  • This is Brookfield Renewable Partners’ 7th largest (disclosed) transaction.
  • This is Brookfield Renewable Partners’ 11th transaction in the United States.
  • This is Brookfield Renewable Partners’ 1st transaction in Maryland.

M&A Deal Summary

Date 2022-01-26
Target Urban Grid
Sector Renewable Energy
Buyer(s) Brookfield Renewable Partners
Deal Type Add-on Acquisition
Deal Value 650M USD
Advisor(s) Orrick (Legal)

Target

Urban Grid

Stevensville, Maryland, United States
Urban Grid is a developer of utility-scale solar power plants. Urban Grid offers the development of approximately 646 MWp of solar projects and currently has more than 5,600 MWp of solar projects under development. Urban Grid Solar was founded in 2010 and is based in Stevensville, Maryland.

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Buyer(S) 1

Buyer

Brookfield Renewable Partners

Toronto, Ontario, Canada

Category Company
Founded 1999
Sector Renewable Energy
Employees5,270
Revenue 5.9B USD (2024)
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 16 of 20
Sector: Renewable Energy M&A 16 of 16
Type: Add-on Acquisition M&A Deals 3 of 6
State: Maryland M&A 1 of 1
Country: United States M&A 11 of 13
Year: 2022 M&A 1 of 2
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-08 Talen Energy - 292 MW Hydroelectric Portfolio

Pennsylvania, United States

Talen Energy - 292 MW Hydroelectric Portfolio consists of two facilities, the 252 MW Holtwood station on the Susquehanna River and the 40 MW Wallenpaupack station on Lake Wallenpaupack in the Pocono Mountains, with a combined expected average annual generation of approximately 1.1 million megawatt hours.

Buy $860M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-29 Scout Clean Energy

Boulder, Colorado, United States

Scout Clean Energy is a developer and operator of wind power projects. Scout owns and operates a portfolio of utility-scale wind projects across a geographically diverse collection of US markets. The operational and development portfolio currently exceeds 3,000 MWs across 10 sites located in 10 States. Scout Clean Energy is based in Boulder, Colorado.

Buy $1.0B