M&A Deal Summary |
|
|---|---|
| Date | 2019-09-12 |
| Target | Recurrent Energy - 200-MWac Texas Solar Project |
| Sector | Renewable Energy |
| Buyer(s) | Duke Energy |
| Sellers(s) | Recurrent Energy |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1904 |
| Sector | Energy Services and Equipment |
| Employees | 27,859 |
| Revenue | 29.1B USD (2023) |
Duke Energy is an electric power holding companies in the United States. Its regulated utility operations serve approximately 4 million customers located in five states in the Southeast and Midwest, representing a population of approximately 11 million people. Its commercial power and international business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States. Duke Energy was incorporated in 1904 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 12 |
| Sector (Renewable Energy) | 3 of 3 |
| Type (Divestiture) | 3 of 3 |
| State (California) | 3 of 3 |
| Country (United States) | 10 of 11 |
| Year (2019) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-07-22 |
8minute Solar Energy - 200-MW Holstein Solar Project
San Francisco, California, United States 8minute Solar Energy - 200-MW Holstein Solar Project located in Nolan County, Texas. The 200-MW project will contain over 709,000 solar panels across approximately 1,300 acres in Wingate, Texas. Construction began in the summer of 2019 and is expected to be complete in the summer of 2020. The Holstein solar project will power the equivalent of 40,000 homes. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-02-01 |
Viatec
Greenville, South Carolina, United States Viatec is a manufacturer of plug-and-play electronic power take-off systems that support the electrification of utility fleets. Viatec has developed, patented, and commercialized technology that is becoming recognized as the next industry standard in the vocational vehicle sector for auxiliary power. Viatec was founded in 2015 and is based in Greenville, South Carolina. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 2006 |
| Sector | Renewable Energy |
Recurrent Energy is a provider of solar projects for utilities, government, and commercial customers. We develop, build, and operate distributed solar power systems—typically 2-20MW each—connected to the existing distribution grid. We market renewable power to our customers in North America and Europe at competitive rates via a Power Purchase Agreement (PPA) or Feed-in Tariff (FiT).
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Renewable Energy) | 2 of 2 |
| Type (Divestiture) | 3 of 3 |
| State (California) | 2 of 2 |
| Country (United States) | 3 of 3 |
| Year (2019) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-12-18 |
Recurrent Energy - Mustang Two Solar Project
San Francisco, California, United States Recurrent Energy LLC - Mustang Two Solar Project Located on 1,400 acres in Kings County, California, the Mustang Two project is expected to create approximately 400 jobs during peak construction. |
Sell | - |
