M&A Deal Summary |
|
|---|---|
| Date | 2021-02-09 |
| Target | American Electric Power - Racine Hydro Plant |
| Sector | Renewable Energy |
| Buyer(s) | Eagle Creek Renewable Energy |
| Sellers(s) | AEP |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 2010 |
| Sector | Renewable Energy |
Eagle Creek Renewable Energy LLC is an owner, operator and developer of hydroelectric power projects. Eagle Creek’s projects provide clean energy to electricity consumers in North America while providing recreational opportunities and protecting historical resources and the environment.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 4 |
| Sector (Renewable Energy) | 1 of 2 |
| Type (Divestiture) | 2 of 2 |
| State (Ohio) | 1 of 1 |
| Country (United States) | 3 of 4 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-08-08 |
Madison Paper Industries - Hydro Facilities
Madison, Michigan, United States Madison Paper Industries, Inc. - Hydro Facilities includes 9-MW Anson and 19-MW Abenaki facilities located on the Kennebec River in Madison, Anson, and Starks, Maine. The two facilities were part of the Madison Paper mill complex and formerly provided power to the mill until it closed in May 2016. As independent facilities owned by Eagle Creek, they will now provide approximately 150 million kilowatt-hours per year of clean, renewable energy to the New England power grid. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-19 |
Lightstar Renewables
Boston, Massachusetts, United States Lightstar Renewables is a community solar developer and owner and operator of community solar farms. Lightstar Renewables was founded in 2019 and is based in Boston, Massachusetts. |
Buy | - |
AEP is a utility holding company. AEP owns nearly 38,000 megawatts of generating capacity in the U.S. AEP also owns the nation’s largest electricity transmission system, a more than 40,000-mile network that includes more 765-kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP was founded in 1906 and is based in Columbus, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 5 |
| Sector (Renewable Energy) | 2 of 2 |
| Type (Divestiture) | 3 of 4 |
| State (Ohio) | 1 of 2 |
| Country (United States) | 4 of 5 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-02-12 |
Sempra Energy - U.S. Renewables Business
San Diego, California, United States Sempra Energy - U.S. Renewables Business owns all or part of seven wind farms and one battery installation in seven states. |
Buy | $1.1B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-05-13 |
AEP OnSite Partners
Columbus, Ohio, United States AEP OnSite Partners is a provider of behind-the-meter solutions that assist customers in reducing their energy spend and achieving any other goals specifically tied to their energy consumption. The Company provides technical expertise, market knowledge, and investment capital for a geographically diverse array of energy projects, including solar, combined heat and power, energy storage, electrical substations, fuel cells, waste heat recovery, and peaking generation resources throughout the U.S. |
Sell | $315M |
