M&A Deal Summary

DTE Acquires NextEra Energy Pheasant Run II Wind Park

On June 2, 2014, DTE acquired renewable energy company NextEra Energy Pheasant Run II Wind Park from NextEra Energy Resources

Acquisition Highlights
  • This is DTE’s 1st transaction in the Renewable Energy sector.
  • This is DTE’s 4th transaction in the United States.
  • This is DTE’s 3rd transaction in Michigan.

M&A Deal Summary

Date 2014-06-02
Target NextEra Energy Pheasant Run II Wind Park
Sector Renewable Energy
Buyer(s) DTE
Sellers(s) NextEra Energy Resources
Deal Type Divestiture

Target

NextEra Energy Pheasant Run II Wind Park

Michigan, United States
NextEra Energy Pheasant Run II Wind Park, comprises a wind power plant with a capacity of 75 megawatt.

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Buyer(S) 1

Buyer

DTE

Detroit, Michigan, United States

Category Company
Founded 1903
Sector Utilities
Employees9,608
Revenue 12.7B USD (2023)
DESCRIPTION
DTE Energy's corporate headquarters in downtown Detroit, Michigan.
DTE Energy's corporate headquarters in downtown Detroit, Michigan.

DTE is a diversified energy company involved in the development and management of energy-related businesses and services nationwide. DTE was founded in 1903 and is headquartered in Detroit, Michigan.


DEAL STATS #
Overall 4 of 4
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 2 of 2
State (Michigan) 3 of 3
Country (United States) 4 of 4
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-10 Lincoln Generating Facility

Manhattan, Illinois, United States

Lincoln Generating Facility LLC is a simple-cycle plant that provides electric generating capacity to the PJM Interconnection market during periods of peak demand. Lincoln Generating Facility is based in Manhattan, Illinois.

Sell -

Seller(S) 1

SELLER

NextEra Energy Resources

Juno Beach, Florida, United States

Category Company
Founded 1985
Sector Energy Services and Equipment
DESCRIPTION

NextEra Energy Resources LLC is engages in the generation of electricity in the wholesale energy markets.


DEAL STATS #
Overall 3 of 5
Sector (Renewable Energy) 3 of 3
Type (Divestiture) 3 of 5
State (Michigan) 1 of 1
Country (United States) 3 of 5
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-15 Smart Energy Capital

White Plains, New York, United States

Smart Energy Capital LLC is a provider of financing and development to solar energy projects.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-18 Hale Community Energy

Dallas, Texas, United States

Hale Community Energy LLC is a provider of renewable wind energy services.

Buy -