M&A Deal Summary

ENGIE Acquires ReVolve Renewable Power - Utility Scale Solar and Storage Projects

On January 11, 2023, ENGIE acquired renewable energy company ReVolve Renewable Power - Utility Scale Solar and Storage Projects from ReVolve

Acquisition Highlights
  • This is ENGIE’s 9th transaction in the Renewable Energy sector.
  • This is ENGIE’s 1st transaction in Ireland.

M&A Deal Summary

Date 2023-01-11
Target ReVolve Renewable Power - Utility Scale Solar and Storage Projects
Sector Renewable Energy
Buyer(s) ENGIE
Sellers(s) ReVolve
Deal Type Divestiture

Target

ReVolve Renewable Power - Utility Scale Solar and Storage Projects

Dublin, Ireland
ReVolve Renewable Power - Utility Scale Solar and Storage Projects includes 250MW Parker Solar and Storage Project (the "Parker Project") and the 1,000MW Bouse Solar and Storage Project based in Dublin, Ireland.

Search 204,978 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

ENGIE

Courbevoie, France

Category Company
Founded 1880
Sector Utilities
Employees97,000
Revenue 82.6B EUR (2023)
DESCRIPTION

ENGIE is a French utility company. ENGIE provides electricity generation and distribution, natural gas and renewable energy. ENGIE was founded in 1880 and is based in Courbevoie, France.


DEAL STATS #
Overall 29 of 31
Sector (Renewable Energy) 9 of 11
Type (Divestiture) 7 of 7
Country (Ireland) 1 of 1
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-11 Eolia

Madrid, Spain

Eolia is an independent power producer in the Spanish renewable energy sector, engaged in the development, construction and operation of wind farms and solar photovoltaic plants. Eolia was founded in 2007 and is based in Madrid, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-21 BTE Renewables

Fourways, South Africa

BTE Renewables is a clean and renewable energy company develops, acquires, owns and operates waste to energy, renewable energy, and energy efficiency projects in the sub-utility range of approximately 5-100MW. These include Golden Valley, a 123MW wind project in the Eastern Cape; Excelsior, a 33MW wind project in the Western Cape; Aggeneys, a 46MW solar project in the Northern Cape; Konkoonsies II an 86MW solar project in the Northern Cape and a 4MW biogas facility. BTE Renewables was founded in 2003 and is based in Fourways, South Africa.

Buy $1.0B

Seller(S) 1

SELLER

ReVolve

Dublin, Ireland

Category Company
Founded 2012
Sector Renewable Energy
DESCRIPTION

ReVolve is focused on developing utility-scale renewable energy generation projects in North America with a particular focus on wind, solar, and battery storage technologies. The Company has also recently established ReVolve Renewable Business Solutions, a division dedicated to the development and operation of distributed generation and sub-20MW renewable energy projects in the US and Mexico. It currently has a portfolio of 3.3 gigawatts ("GW") of projects under active development and a further 1GW of greenfield opportunities, which it is in the process of converting to its pipeline in the near term. ReVolve was formed in 2012 and is based in Dublin, Ireland.


DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
Country (Ireland) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-26 CBS Mexico

Mexico City, Mexico

CBS Mexico delivers integrated energy solutions that balance profitability and sustainability. Bringing together the right combination of technologies and approaches helps organizations get the most from their energy and drive the most value from their energy infrastructure, helping clients solve their energy challenges and harness new opportunities in a changing world. CBS Mexico is based in Mexico City, Mexico.

Buy $33M