M&A Deal Summary

Dominion Energy Acquires Solar Frontier Americas - 40 MW Solar Power Project

On April 12, 2017, Dominion Energy acquired renewable energy company Solar Frontier Americas - 40 MW Solar Power Project from Solar Frontier Americas

Acquisition Highlights
  • This is Dominion Energy’s 12th transaction in the Renewable Energy sector.
  • This is Dominion Energy’s 23rd transaction in the United States.
  • This is Dominion Energy’s 3rd transaction in California.

M&A Deal Summary
Date 2017-04-12
Target Solar Frontier Americas - 40 MW Solar Power Project
Sector Renewable Energy
Buyer(s) Dominion Energy
Sellers(s) Solar Frontier Americas
Deal Type Divestiture

Target

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.

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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 23 of 27
Sector (Renewable Energy) 12 of 14
Type (Divestiture) 18 of 20
State (California) 3 of 4
Country (United States) 23 of 27
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-31 Questar Pipeline

Salt Lake City, Utah, United States

Questar Pipeline LLC is a provider of natural gas transportation and underground-storage services in Utah, Wyoming, and Colorado. The company operates 2,667 miles of natural gas transportation pipelines that interconnect with other pipelines, including 10 miles of owned by a third party.

Sell $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-30 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.

Buy -

Seller(S) 1

SELLER

Solar Frontier Americas

Santa Clara, California, United States
Category Company
Sector Renewable Energy
DESCRIPTION

Solar Frontier Americas, Inc. is a manufacturerof CIS photovoltaic modules.

DEAL STATS #
Overall 2 of 3
Sector (Renewable Energy) 2 of 3
Type (Divestiture) 2 of 3
State (California) 1 of 2
Country (United States) 2 of 3
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-26 Solar Frontier Americas - Morelos del Sol Solar Facility

United States

Solar Frontier Americas - Morelos del Sol Solar Facility is a 15-megawatt (MW) solar facility consists of 111,744 thin-film photovoltaic (PV) solar modules mounted on single-axis trackers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-12 Solar Frontier Americas - 28 MW of Solar Projects

California, United States

Solar Frontier Americas 28 MW of Solar Projects Located in Fresno County, just South of San Joaquin, California, the sites combined have a planned capacity of 28 megawatts DC. The projects are packaged with permits and power purchase agreements (PPA) with Pacific Gas & Electric.

Sell -
Mergr

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