M&A Deal Summary

D. E. Shaw Acquires Coronal Energy - Fusion Solar Center

On January 30, 2017, D. E. Shaw acquired renewable energy company Coronal Energy - Fusion Solar Center from Coronal Energy

Acquisition Highlights
  • This is D. E. Shaw’s 1st transaction in the Renewable Energy sector.
  • This is D. E. Shaw’s 2nd transaction in the United States.
  • This is D. E. Shaw’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2017-01-30
Target Coronal Energy - Fusion Solar Center
Sector Renewable Energy
Buyer(s) D. E. Shaw
Sellers(s) Coronal Energy
Deal Type Divestiture

Target

Coronal Energy - Fusion Solar Center

Connecticut, United States
Coronal Energy - Fusion Solar Center is a 20 MW-ac facility located in the town of Sprague, Connecticut.

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Buyer(S) 1

Buyer

D. E. Shaw

New York, New York,
Category Company
Founded 1988
Sector Financial Services
DESCRIPTION

D. E. Shaw & Co., L.P., an investment and technology development company, engages in investing in companies and financial instruments in industrialized nations and emerging markets.

DEAL STATS #
Overall 2 of 3
Sector (Renewable Energy) 1 of 2
Type (Divestiture) 1 of 2
State (Connecticut) 1 of 1
Country (United States) 2 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-18 Babel Media

Brighton, United Kingdom

Babel Media Ltd. is a provider of outsourced video games services with operations in the UK, Canada and India. Babel Media is one of the most recognised technical services brands in the video games industry.

Sell £5M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-08 Deepwater Wind

Providence, Rhode Island, United States

Deepwater Wind is an offshore wind and transmission developer. Deepwater Wind delivers Block Island, the offshore wind farm in the US and has built-up a portfolio of 810MW of development stage assets with long-term revenue contracts awarded, with a further approx. 2.5GW potential capacity. Deepwater Wind was founded in 2007 and is based in Providence, Rhode Island.

Sell $510M

Seller(S) 1

SELLER

Coronal Energy

Pasadena, California, United States
Category Company
Sector Renewable Energy
DESCRIPTION

Coronal Energy is a provider of renewable energy solutions including solar photovoltaic and battery energy storage for diverse enterprise customers across North America, including utilities, corporations, the public sector, educational institutions, and other organizations.

DEAL STATS #
Overall 1 of 2
Sector (Renewable Energy) 1 of 2
Type (Divestiture) 1 of 2
State (Connecticut) 1 of 1
Country (United States) 1 of 2
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Coronal Energy - Development Business

Pasadena, California, United States

Coronal Energy - Development Business includes its development team of experienced solar and storage personnel, as well as a significant pipeline of solar and storage projects in the United States, including multiple projects that have been awarded long-term power purchase agreements (PPAs) with credit-worthy utility counterparties.

Sell -
Mergr

Product

Company

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