M&A Deal Summary

Dominion Energy Acquires Community Energy - 80-Megawatt Solar Facility

On November 16, 2015, Dominion Energy acquired renewable energy company Community Energy - 80-Megawatt Solar Facility from Community Energy

Acquisition Highlights
  • This is Dominion Energy’s 11th transaction in the Renewable Energy sector.
  • This is Dominion Energy’s 21st transaction in the United States.
  • This is Dominion Energy’s 3rd transaction in Virginia.

M&A Deal Summary

Date 2015-11-16
Target Community Energy - 80-Megawatt Solar Facility
Sector Renewable Energy
Buyer(s) Dominion Energy
Sellers(s) Community Energy
Deal Type Divestiture

Target

Community Energy - 80-Megawatt Solar Facility

Virginia, United States
Community Energy's 80-Megawatt Solar Facility is a provider of renewable energy services.

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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 21 of 27
Sector (Renewable Energy) 11 of 14
Type (Divestiture) 17 of 20
State (Virginia) 3 of 5
Country (United States) 21 of 27
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 E.ON North America - 20-megawatt solar facility

California, United States

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 Questar

Salt Lake City, Utah, United States

Questar Corporation is an integrated natural gas company that develops, produces and delivers clean energy in the heart of the Rockies.

Buy $4.4B

Seller(S) 1

SELLER

Community Energy

Radnor, Pennsylvania, United States

Category Company
Founded 1999
Sector Renewable Energy
DESCRIPTION

Community Energy is an REC marketer and utility-scale solar/wind project developer, focused principally in the Northeast, Mid-Atlantic and Midwest. Community Energy was founded in 1999 and is based in Radnor, Pennsylvania.


DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1