M&A Deal Summary

Enel Acquires BLP Energy Pvt.

On September 24, 2015, Enel acquired renewable energy company BLP Energy Pvt. from Bharat Light & Power Pvt. for 30M EUR

Acquisition Highlights
  • This is Enel’s 2nd transaction in the Renewable Energy sector.
  • This is Enel’s 3rd largest (disclosed) transaction.
  • This is Enel’s 1st transaction in India.

M&A Deal Summary

Date 2015-09-24
Target BLP Energy Pvt.
Sector Renewable Energy
Buyer(s) Enel
Sellers(s) Bharat Light & Power Pvt.
Deal Type Divestiture
Deal Value 30M EUR

Target

BLP Energy Pvt.

New Delhi, India
BLP Energy Pvt. Ltd. is a clean energy generation company builds, owns and operates a renewable energy power plants to generate clean energy through renewable sources namely wind; solar; bio mass and hydro.

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Buyer(S) 1

Buyer

Enel

Rome, Italy

Category Company
Founded 1962
Sector Utilities
Employees60,950
Revenue 82.5B EUR (2023)
DESCRIPTION

Enel is an electric utility operator. The Company is engaged in the generation, distribution and sale of electricity primarily in Europe. Enel was founded in 1962 and is based in Rome, Italy.


DEAL STATS #
Overall 2 of 7
Sector: Renewable Energy M&A 2 of 4
Type: Divestiture M&A Deals 1 of 2
Country: India M&A 1 of 1
Year: 2015 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-20 AMP Resources

Draper, Utah,

AMP Resources owns and develops geothermal power plants that use a proprietary, high efficiency heat transfer process to convert the earth's hot subsurface fluids to electrical power.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-05 Amec Foster Wheeler Italiana S.r.l.

Corsico, Italy

Amec Foster Wheeler Italiana S.r.l. is the owner of two wind farms in Italy’s southern region of Campania with a total installed capacity of 54.5 MW. The two plants, which generate approximately 90 GWh per year, are located in the municipalities of Vallesaccarda (22.5 MW) and Scampitella (32 MW), in the province of Avellino and they have been in operation since 2006 and 2008 respectively.

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Seller(S) 1

SELLER

Bharat Light & Power Pvt.

Gurgaon, India

Category Company
Founded 2010
Sector Renewable Energy
DESCRIPTION

Bharat Light & Power Pvt. Ltd. is a renewable energy generation and technology companies in India. BLP Energy (BLP), part of the BLP Group, builds, owns and operates utility scale renewable energy power plants to generate clean energy through wind and solar technologies. The BLP Group also provides distributed solar solutions to large corporates, industries and institutions in India. In addition, the BLP Group through its Orion platform provides monitoring, reporting and predictive intelligence solutions to global utilities through its control centre in Bangalore by leveraging big data, the cloud, mobility and advanced analytics.


DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2015 M&A 1 of 1
Size (of disclosed) 1 of 1