M&A Deal Summary

D. E. Shaw Acquires OCI Solar Power - Project Ivory

On October 22, 2018, D. E. Shaw acquired renewable energy company OCI Solar Power - Project Ivory from OCI Solar Power

Acquisition Highlights
  • This is D. E. Shaw’s 2nd transaction in the Renewable Energy sector.
  • This is D. E. Shaw’s 3rd transaction in the United States.
  • This is D. E. Shaw’s 1st transaction in Texas.

M&A Deal Summary
Date 2018-10-22
Target OCI Solar Power - Project Ivory
Sector Renewable Energy
Buyer(s) D. E. Shaw
Sellers(s) OCI Solar Power
Deal Type Divestiture

Target

OCI Solar Power - Project Ivory

Dawson County, Texas, United States
OCI Solar Power LLC - Project Ivory is located in Dawson County, Texas and was constructed in connection with a facility power purchase agreement between the City of San Antonio acting through its City Public Service Board ("CPS Energy") and OCI Solar Power.

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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 3 of 3
Sector (Renewable Energy) 2 of 2
Type (Divestiture) 2 of 2
State (Texas) 1 of 1
Country (United States) 3 of 3
Year (2018) 1 of 1
PREVIOUS 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

OCI Solar Power

San Antonio, Texas, United States
Category Company
Founded 2009
Sector Renewable Energy
DESCRIPTION

OCI Solar Power LLC develops, owns and operates solar photovoltaic power plants throughout the U.S.

DEAL STATS #
Overall 1 of 2
Sector (Renewable Energy) 1 of 2
Type (Divestiture) 1 of 2
State (Texas) 1 of 2
Country (United States) 1 of 2
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-28 Stillhouse Solar Project

Bell County, Texas, United States

Stillhouse Solar Project is a developer of utility-scale solar projects. Stillhouse Solar Project is based in Bell County, Texas.

Sell -
Mergr

Product

Company

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