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  6. Excelsior Energy Capital Acquires Invenergy - 109 MW Prairie Breeze II and Prairie Breeze III Projects

M&A Deal Summary

Excelsior Energy Capital Acquires Invenergy - 109 MW Prairie Breeze II and Prairie Breeze III Projects

On November 7, 2019, infrastructure investor Excelsior Energy Capital acquired renewable energy company Invenergy - 109 MW Prairie Breeze II and Prairie Breeze III Projects from Invenergy Renewables

Acquisition Highlights
  • This is Excelsior Energy Capital’s 2nd transaction in the Renewable Energy sector.
  • This is Excelsior Energy Capital’s 1st transaction in the United States.
  • This is Excelsior Energy Capital’s 1st transaction in Nebraska.

M&A Deal Summary
Date 2019-11-07
Target Invenergy - 109 MW Prairie Breeze II and Prairie Breeze III Projects
Sector Renewable Energy
Buyer(s) Excelsior Energy Capital
Sellers(s) Invenergy Renewables
Deal Type Divestiture

Target

Invenergy - 109 MW Prairie Breeze II and Prairie Breeze III Projects

Nebraska, United States
Invenergy's 109 MW Prairie Breeze II and Prairie Breeze III Projects located in Antelope and Boone Counties, Nebraska benefit from an over 3-year operating track record having begun operations in late 2015, and early 2016, respectively. The Projects also have 25-year power purchase agreements with Lincoln Electric Systems (Moody’s: AA) and City of Grand Island (Moody’s: AA-), with remaining contract terms of more than 21 years.

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Buyer(S) 1

Buyer

Excelsior Energy Capital

Investor Investor Investor Investor

Category Infrastructure
Size Large
Type Sector Focused
DESCRIPTION

Excelsior Energy Capital is a renewable energy infrastructure investor focused investment firm focused on long-term investments in operating wind and solar power plants in North America. Excelsior Energy Capital has offices in Excelsior, Minnesota and Portland, Oregon.

DEAL STATS #
Overall 2 of 2
Sector (Renewable Energy) 2 of 2
Type (Divestiture) 2 of 2
State (Nebraska) 1 of 1
Country (United States) 1 of 1
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-23 T-Solar Global - 25 MW Operating Solar Project

Madrid, Spain

T-Solar Global's 25 MW Operating Solar Project generates clean energy with photovoltaic solar power plants and project is located in El Centro, California.

Buy -

Seller(S) 1

SELLER

Invenergy Renewables

Chicago, Illinois, United States
Category Company
Founded 2001
Sector Renewable Energy
DESCRIPTION

Invenergy Renewables develops, owns, and operates power generation and energy storage facilities in North America and Europe. Company have a proven track record in establishing and maintaining longstanding, profitable relationships with utilities, suppliers, and the communities in which our projects are located. Invenergy Renewables was founded in 2001 and is based in Chicago, Illinois.

DEAL STATS #
Overall 4 of 7
Sector (Renewable Energy) 3 of 6
Type (Divestiture) 3 of 6
State (Nebraska) 1 of 1
Country (United States) 3 of 6
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-28 Wake Wind Energy Center

Crosbyton, Texas, United States

Wake Wind Energy Center consists of 150 GE 1.715 MW wind turbines. Construction was completed and the facility reached full commercial operations earlier this month.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-27 Blooming Grove Wind Energy Center

Lexington, Illinois, United States

Blooming Grove Wind Energy Center is a developer and operator of sustainable energy solutions. Blooming Grove Wind Energy Center is based in Lexington, Illinois.

Sell $345M
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