M&A Deal Summary

Enviva Acquires innogy SE - Wood Pellet Production Plant

On June 18, 2020, Enviva acquired renewable energy company innogy SE - Wood Pellet Production Plant from innogy SE

Acquisition Highlights
  • This is Enviva’s 1st transaction in the Renewable Energy sector.
  • This is Enviva’s 1st transaction in the United States.
  • This is Enviva’s 1st transaction in Georgia.

M&A Deal Summary

Date 2020-06-18
Target innogy SE - Wood Pellet Production Plant
Sector Renewable Energy
Buyer(s) Enviva
Sellers(s) innogy SE
Deal Type Divestiture

Target

innogy SE - Wood Pellet Production Plant

Waycross, Georgia, United States
innogy SE's Wood Pellet Production Plant is a producer of renewable energy in Waycross, Georgia.

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Buyer(S) 1

Buyer

Enviva

Bethesda, Maryland, United States

Category Company
Founded 2013
Sector Renewable Energy
Employees1,386
Revenue 1.1B USD (2022)
DESCRIPTION

Enviva focuses on the acquisition, development, and operation of facilities that collect, process, and transform wood-based biomass into renewable energy feedstock, primarily wood pellets. Enviva was founded in 2013 and is based in Bethesda, Maryland.


DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

innogy SE

Essen, Germany

Category Company
Sector Renewable Energy
Employees40,000
Revenue 42.4B EUR (2017)
DESCRIPTION

innogy SE builds and operates power plants that generate power from renewables. In addition to building intelligent networks, the Company offers innovative energy services, in fields such as storage technologies, electromobility and energy efficiency.


DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 Greenergetic

Bielefeld, Germany

Greenergetic GmbH offers a unique white-label online portal which enables energy providers to offer their customers energy-efficient products such as PV-systems, energy storage as well as heating and smart home solutions. The innovative planning and order portal is seamlessly integrated within a utility’s web appearance and corporate design.

Buy -