M&A Deal Summary

CleanCapital Acquires GlidePath Power Solutions - 36.6 megawatt solar facility

On July 25, 2022, private equity firm CleanCapital acquired energy services and equipment company GlidePath Power Solutions - 36.6 megawatt solar facility from GlidePath Power Solutions

Acquisition Highlights
  • This is CleanCapital’s 1st transaction in the Energy Services and Equipment sector.
  • This is CleanCapital’s 1st transaction in Guam.

M&A Deal Summary

Date 2022-07-25
Target GlidePath Power Solutions - 36.6 megawatt solar facility
Sector Energy Services and Equipment
Buyer(s) CleanCapital
Sellers(s) GlidePath Power Solutions
Deal Type Divestiture

Target

GlidePath Power Solutions - 36.6 megawatt solar facility

Inalåhan, Guam
GlidePath Power Solutions' 36.6 megawatts (MW) solar facility commenced commercial operations in October 2015 and supplies renewable energy to the Guam Power Authority. GlidePath Power Solutions' 36.6 megawatt (MW) solar facility is based in Inalåhan, Guam.

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Buyer(S) 1

Buyer

CleanCapital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2015
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

CleanCapital is a private investment firm focused on direct investment opportunities in clean energy generation and storage. CleanCapital was established in 2015 and is headquartered in New York City.


DEAL STATS #
Overall 10 of 10
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 7 of 7
Country: Guam M&A 1 of 1
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-29 BQ Energy

Wappinger Falls, New York, United States

BQ Energy is an operator of a brownfield renewable energy development company that develops renewable energy projects on landfill and brownfield sites. BQ Energy was founded in 2002 and is based in Wappinger Falls, New York.

Buy -

Seller(S) 1

SELLER

GlidePath Power Solutions

Chicago, Illinois, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

GlidePath Power Solutions is a developer of distributed power solutions spanning multiple technologies and US power markets. GlidePath has successfully developed multiple battery storage projects and is actively progressing a project development portfolio exceeding 600 MW of distributed power capacity featuring various low-carbon power technologies. GlidePath Power is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Guam M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-18 NextEra Energy Partners - 223 MW Wind Power Portfolio

Juno Beach, Florida, United States

NextEra Energy Partners LP - 223 MW Wind Power Portfolio consists of six operating wind farms, varying in size from 9 to 66 MW. The projects are located in Pennsylvania, West Virginia and California, and are focused in markets which have only modest volumes of installed wind capacity.

Buy -