M&A Deal Summary |
|
|---|---|
| Date | 2010-07-13 |
| Target | NextLight Renewable Power |
| Sector | Renewable Energy |
| Buyer(s) | First Solar |
| Sellers(s) | ECP |
| Deal Type | Add-on Acquisition |
| Deal Value | 285M USD |
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| Category | Company |
|---|---|
| Founded | 1999 |
| Sector | Renewable Energy |
| Employees | 6,700 |
| Revenue | 3.3B USD (2023) |
First Solar is a global provider of solar energy solutions, focused on providing power solutions across various market segments. The Company designs, manufactures and sells photovoltaic solar modules with an advanced thin-film semiconductor technology and the Company develops, designs, constructs and sells PV solar power solutions that primarily use the solar modules it manufactures. Additionally, First Solar provides operations and maintenance services to plant owners that use solar modules manufactured by the Company or by other third-party manufacturers. First Solar was incorporated in 1999 and is based in Tempe, Arizona.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 9 |
| Sector (Renewable Energy) | 1 of 3 |
| Type (Add-on Acquisition) | 2 of 4 |
| State (California) | 1 of 4 |
| Country (United States) | 2 of 7 |
| Year (2010) | 1 of 1 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-11-30 |
Turner Renewable Energy
United States Turner Renewable Energy, LLC has operated under the name DT Solar, a Turner Renewable Energy Company, since January 2007 when entrepreneur and philanthropist Ted Turner invested in the company. DT Solar has designed and deployed commercial solar projects for utilities and Fortune 500 companies in the U.S. since 2004. The acquisition brings to First Solar a team of people experienced in the development of independent power projects, marketing of energy, and operation of commercial power plants in the United States. |
Buy | $34M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-01-07 |
RayTracker
Pasadena, California, United States RayTracker, Inc. was founded to meet the need for robust, reliable, and cost-effective solar trackers, as well as for software and hardware to enable the lowest cost design, installation and operation of solar PV plants. The company's dedicated and enthusiastic team includes experts in solar technology innovation, reliability engineering, advanced PV system modeling, software engineering, product development, and high-volume manufacturing. |
Buy | - |
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 | 3 of 29 |
| Sector (Renewable Energy) | 2 of 8 |
| Type (Add-on Acquisition) | 3 of 14 |
| State (California) | 1 of 2 |
| Country (United States) | 3 of 27 |
| Year (2010) | 1 of 2 |
| Size (of disclosed) | 6 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-12-01 |
21st Century Transmission Holdings
San Diego, California, United States 21st Century Transmission as a holding company for investments in electric transmission line development and construction. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-09-01 |
SunZia Southwest Transmission Project
New Mexico, United States SunZia Southwest Transmission Project LLC is a transmission line that will connect renewable energy sources in New Mexico and Arizona to Phoenix and other load centers. |
Sell | - |
