M&A Deal Summary

Dominion Energy Acquires Strata Solar - Solar Projects

On May 7, 2014, Dominion Energy acquired renewable energy company Strata Solar - Solar Projects from Strata Solar

Acquisition Highlights
  • This is Dominion Energy’s 3rd transaction in the Renewable Energy sector.
  • This is Dominion Energy’s 12th transaction in the United States.
  • This is Dominion Energy’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2014-05-07
Target Strata Solar - Solar Projects
Sector Renewable Energy
Buyer(s) Dominion Energy
Sellers(s) Strata Solar
Deal Type Divestiture

Target

Strata Solar - Solar Projects

Selmer,, Tennessee, United States
Strata Solar - Solar Projects in Tennessee comprises solar power plants with a capacity of 32 megawatts.

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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 12 of 27
Sector (Renewable Energy) 3 of 14
Type (Divestiture) 8 of 20
State (Tennessee) 1 of 1
Country (United States) 12 of 27
Year (2014) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 Recurrent Energy - Six Solar Projects

United States

A developer of utility scale solar projects.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-15 EDF Renewable - The Cottonwood project

United States

The Cottonwood project, with solar sites located in Kings, Kern and Marin Counties, has secured a 25-year power purchase agreement (PPA), interconnection agreements and engineering, procurement, construction (EPC) contracts.

Buy -

Seller(S) 1

SELLER

Strata Solar

Chapel Hill,, North Carolina, United States
Category Company
Founded 2008
Sector Renewable Energy
DESCRIPTION

Strata Solar is a utility scale solar energy systems and installations. Strata's unique, low impact, standardized approach to solar farm creation is supported through its vertical divisions which offer complete turnkey services for the design, construction and installation of utility and commercial photovoltaic systems.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Mergr

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