Divestiture • Renewable Energy

Dominion Energy Acquires HelioSage Energy - 20 Megawatt Solar Facility

On April 15, 2015, Dominion Energy acquired renewable energy company HelioSage Energy - 20 Megawatt Solar Facility from HelioSage Energy

Acquisition Context
  • This is Dominion Energy’s 9th transaction in the Renewable Energy sector.
  • This is Dominion Energy’s 19th transaction in the United States.

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M&A Deal Summary

Date April 15, 2015
Target HelioSage Energy - 20 Megawatt Solar Facility
Sector Renewable Energy
Buyer(s) Dominion Energy
Sellers(s) HelioSage Energy
Deal Type Divestiture

Target Company

HelioSage Energy - 20 Megawatt Solar Facility

United States
HelioSage Energy - 20 Megawatt Solar Facility is located in Twiggs County near Jeffersonville, Ga. It has secured a 20-year power purchase agreement (PPA) and interconnection agreements with Georgia Power. An engineering, procurement, construction (EPC) contract has also been signed.
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Buyer Overview 1

Buyer

Dominion Energy

Richmond, Virginia, United States

Category Company
Founded 1983
Sector Utilities
Employees14,700
Revenue 14.5B USD (2024)
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 Context for Buyer #
Overall 19 of 27
Sector: Renewable Energy 9 of 14
Type: Divestiture 15 of 20
Country: United States 19 of 27
Year: 2015 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 Dominion Carolina Gas Transmission

Cayce, South Carolina, United States

Dominion Carolina Gas Transmission LLC is a natural gas transportation company which owns and operates nearly 1,500 miles of FERC-regulated interstate natural gas pipeline in South Carolina and southeastern Georgia.

Sell $495M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 E.ON North America - 20-megawatt solar facility

California, United States

Buy -

Seller Profile 1

SELLER

HelioSage Energy

Charlottesville, Virginia, United States

Category Company
Sector Renewable Energy
DESCRIPTION

HelioSage Energy LLC is a solar energy development firm with a national pipeline including more than 300 megawatts of executed Power Purchase Agreements.


Deal Context for Seller #
Overall 1 of 1
Sector: Renewable Energy 1 of 1
Type: Divestiture 1 of 1
Country: United States 1 of 1
Year: 2015 1 of 1