M&A Deal Summary

FLS Energy Acquires ET Solar - 24.5 MWs

On April 8, 2014, FLS Energy acquired renewable energy company ET Solar - 24.5 MWs from ET Solar Group

Acquisition Highlights
  • This is FLS Energy’s 2nd transaction in the Renewable Energy sector.
  • This is FLS Energy’s 1st transaction in China.

M&A Deal Summary

Date 2014-04-08
Target ET Solar - 24.5 MWs
Sector Renewable Energy
Buyer(s) FLS Energy
Sellers(s) ET Solar Group
Deal Type Add-on Acquisition

Target

ET Solar - 24.5 MWs

China
ET Solar - 24.5 MWs solar energy power plants will consist of a total of 81,640 modules and will power approximately 3,500 North Carolina households.

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Buyer(S) 1

Buyer

FLS Energy

Asheville, North Carolina, United States

Category Company
Founded 2006
Sector Renewable Energy
DESCRIPTION

FLS Energy, Inc. is a full service solar energy provider that owns and operates a portfolio of solar energy assets throughout the U.S. FLS development team takes projects from conception to commissioning and offers complete in-house system design, engineering, construction, financing and turnkey project development.


DEAL STATS #
Overall 2 of 2
Sector: Renewable Energy M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-08 JA Solar - 13.2 MWs PV Solar Modules

North Carolina, United States

JA Solar - 13.2 MWs PV Solar Modules to be used in a 37 MW portfolio of utility scale projects throughout the state of North Carolina. The solar energy power plants will consist of a total of 43,309 modules and will power approximately 1900 North Carolina households.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-11 FLS Energy - 63.1MWdc Solar Assets

United States

FLS Energy - 63.1MWdc Solar Assets comprises portfolio solar energy production assets. The asset is located in the United States.

Sell -

Seller(S) 1

SELLER

ET Solar Group

Nanjing, China

Category Company
Founded 2005
Sector Renewable Energy
DESCRIPTION

ET Solar Group Ltd. is an integrated solar component manufacturer. ET Solar Group Ltd. was founded in 2005 and is based in Nanjing, China.


DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2014 M&A 1 of 1