M&A Deal Summary

FLS Energy Acquires JA Solar - 13.2 MWs PV Solar Modules

On April 8, 2014, FLS Energy acquired renewable energy company JA Solar - 13.2 MWs PV Solar Modules from JA Solar Technology

Acquisition Highlights
  • This is FLS Energy’s 2nd transaction in the Renewable Energy sector.
  • This is FLS Energy’s 1st transaction in the United States.
  • This is FLS Energy’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2014-04-08
Target JA Solar - 13.2 MWs PV Solar Modules
Sector Renewable Energy
Buyer(s) FLS Energy
Sellers(s) JA Solar Technology
Deal Type Divestiture

Target

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.

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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) 2 of 2
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-08 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.

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

JA Solar Technology

Xingtai, China
Category Company
Founded 2005
Sector Semiconductors
Employees25,183
Revenue 81.6B CNY (2023)
DESCRIPTION

JA Solar Technology is a manufacturer of high-performance solar power products. JA Solar Technology was founded in 2005 and is based in Xingtai, China.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 Silver Age Holdings

British Indian Ocean Territory

Silver Age Holdings Ltd. is a manufacturer of semiconductor products.

Buy -
Mergr

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