M&A Deal Summary |
|
|---|---|
| Date | 2012-12-27 |
| Target | Calpine Power - Broad River Energy Center |
| Sector | Renewable Energy |
| Buyer(s) | ECP |
| Sellers(s) | Calpine |
| Deal Type | Divestiture |
| Deal Value | 427M USD |
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ECP is a specialist private equity firm focused on investments in energy infrastructure. Specific areas of interest include power generation, including renewable energy facilities; electric transmission; midstream gas, including gas storage and pipelines; and other energy service businesses and infrastructure assets. The Firm primarily targets opportunities located in North America. ECP was formed in 2005 and is based in Summit, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 51 |
| Sector (Renewable Energy) | 4 of 12 |
| Type (Divestiture) | 4 of 9 |
| State (South Carolina) | 2 of 2 |
| Country (United States) | 22 of 48 |
| Year (2012) | 4 of 4 |
| Size (of disclosed) | 8 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-12-27 |
Broad River Energy
Gaffney, South Carolina, United States Broad River Energy is an 850 MW dual-fuel, simple-cycle power generation facility located in Gaffney, South Carolina that is fully committed to Duke Energy Progress under two long-term tolling agreements. Broad River utilizes 5 GE 7FA.03 gas turbine generators for the generation of electrical power. The units can be on the grid and supplying power within 15 minutes to help serve peak and emergency loads. |
Buy | $427M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-01-07 |
EnergySolutions
Salt Lake City, Utah, United States EnergySolutions is a nuclear services company that offers safe recycling, processing, and disposal of nuclear material. EnergySolutions provides a full range of Decommissioning and Decontamination (D&D) services to shut down nuclear power plants. EnergySolutions was founded in 1988 and is based in Salt Lake City, Utah. |
Buy | - |
Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Company fleet of 80 power plants in operation or under construction represents approximately 26,000 megawatts of generation capacity. Through wholesale power operations and retail businesses Calpine Energy Solutions and Champion Energy, Company serve customers in 25 states, Canada and Mexico. Calpine clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner. Company are uniquely positioned to benefit from the secular trends affecting our industry, including the abundant and affordable supply of clean natural gas, environmental regulation, aging power generation infrastructure and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 13 |
| Sector (Renewable Energy) | 5 of 8 |
| Type (Divestiture) | 7 of 11 |
| State (South Carolina) | 1 of 1 |
| Country (United States) | 8 of 12 |
| Year (2012) | 1 of 1 |
| Size (of disclosed) | 2 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-11-07 |
Bosque Power Plant
Texas, United States Bosque Power Plant, which has generating capacity of 800 megawatts. Bosque Power Plant comprises a 250-megawatt block with one natural-gas turbine, one heat-recovery steam generator and one steam turbine and a 550-megawatt block with two natural-gas turbines. |
Buy | $432M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-01-02 |
Riverside Energy Center
Beloit, Wisconsin, United States The Riverside Energy Center is a 600MW combined cycle natural gas-fired electric generating facility located in Beloit, Wisconsin. |
Sell | $400M |
