M&A Deal Summary

Dominion Energy Acquires Clarke Country Solar

On June 30, 2017, Dominion Energy acquired renewable energy company Clarke Country Solar from Hecate Energy

Acquisition Highlights
  • This is Dominion Energy’s 13th transaction in the Renewable Energy sector.
  • This is Dominion Energy’s 24th transaction in the United States.
  • This is Dominion Energy’s 4th transaction in Virginia.

M&A Deal Summary
Date 2017-06-30
Target Clarke Country Solar
Sector Renewable Energy
Buyer(s) Dominion Energy
Sellers(s) Hecate Energy
Deal Type Divestiture

Target

Clarke Country Solar

White Post, Virginia, United States
Clarke County Solar is a provider of renewable energy services located on a 117-acre parcel of land in White Post, Va.

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Buyer(S) 1

Buyer

Dominion Energy

Richmond, Virginia, United States
Category Company
Founded 1983
Sector Utilities
Employees17,700
Revenue 14.4B USD (2023)
DESCRIPTION
Dominion's corporate headquarters in downtown Richmond, Virginia.
Dominion's corporate headquarters in downtown Richmond, Virginia.

Dominion Energy is a producer and transporter of energy, with a portfolio of approximately 25,700 megawatts of electric generation, 15,000 miles of natural gas transmission, gathering, storage, and distribution pipeline, and 6,600 miles of electric transmission and distribution lines. Dominion Energy was founded in 1983 and is based in Richmond, Virginia.

DEAL STATS #
Overall 24 of 27
Sector (Renewable Energy) 13 of 14
Type (Divestiture) 19 of 20
State (Virginia) 4 of 5
Country (United States) 24 of 27
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-12 Solar Frontier Americas - 40 MW Solar Power Project

Santa Clara, California, United States

Solar Frontier Americas, Inc. - 40 MW Solar Power Project located in the Imperial County of California, is constructed with approximately 242,000 Solar Frontier advanced CIS solar modules mounted on NEXTracker’s high performance single-axis solar trackers. The project has a 25-year power purchase agreement (PPA) with the Imperial Irrigation District (the third largest public power utility in California serving the Imperial Valley) for the electricity produced by the plant.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-26 Dominion Midstream Partners

Richmond, Virginia, United States

Dominion Midstream Partners LP is a pipeline transportation of natural gas company focused on providing oil and gas exploration services. Dominion Midstream Partners was formed in 2000 and is based in Richmond, Virginia.

Buy -

Seller(S) 1

SELLER

Hecate Energy

Chicago, Illinois, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Hecate Energy LLC is a developer, owner and operator of power plants in North America and internationally. Hecate Energy brings together business acumen, technical understanding and significant experience in the industry to develop world-class power projects. The company specializes in solar and wind power, natural gas plants and energy storage, unearthing creative approaches to structuring PPAs and financing power projects both in the United States and abroad.

DEAL STATS #
Overall 1 of 4
Sector (Renewable Energy) 1 of 4
Type (Divestiture) 1 of 4
State (Virginia) 1 of 1
Country (United States) 1 of 4
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-29 Hecate Energy - 514 MW Aktina Solar PV Power Plant

Wharton County, Texas, United States

Hecate Energy LLC's 514 MW Aktina Solar PV Power Plant is a provider of solar energy solutions based in Wharton County, Texas.

Sell -
Mergr

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