M&A Deal Summary

Geronimo Energy Acquires Mainstream Renewable Power - Green River Wind Farm

On January 23, 2014, Geronimo Energy acquired renewable energy company Mainstream Renewable Power - Green River Wind Farm from Mainstream Renewable Power

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

M&A Deal Summary
Date 2014-01-23
Target Mainstream Renewable Power - Green River Wind Farm
Sector Renewable Energy
Buyer(s) Geronimo Energy
Sellers(s) Mainstream Renewable Power
Deal Type Divestiture

Target

Mainstream Renewable Power - Green River Wind Farm

Illinois, United States
Mainstream Renewable Power - Green River Wind Farm is an up to 225MW wind farm development that Mainstream began working on in 2009, It encompasses 13,500 acres of land located approximately two hours southwest from Chicago. The area is primarily flat agriculture land that boasts tremendously competitive wind speeds for the Illinois PJM market.

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Buyer(S) 1

Buyer

Geronimo Energy

Minneapolis, Minnesota, United States
Category Company
Sector Renewable Energy
DESCRIPTION

Geronimo Energy LLC is a utility-scale renewable energy development company headquartered in Minneapolis, Minnesota. Geronimo has developed multiple operating wind farms and solar projects throughout the United States. Over 1,600 megawatts of Geronimo-developed renewable energy projects are either operational or currently under construction.

DEAL STATS #
Overall 1 of 2
Sector (Renewable Energy) 1 of 2
Type (Divestiture) 1 of 2
State (Illinois) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-22 Walnut Ridge Wind Farm

Illinois, United States

Walnut Ridge is an up to 225 MW wind farm development located in north central Illinois. The General Services Administration (“GSA”) of the United States Federal Government has entered into a Power Purchase Agreement (“PPA”) for 140 MW of Walnut Ridge’s capacity. Development of Walnut Ridge is expected to continue throughout 2015 with plans to construct the facility in 2016.

Sell -

Seller(S) 1

SELLER

Mainstream Renewable Power

Dublin, Ireland
Category Company
Founded 2008
Sector Renewable Energy
DESCRIPTION

Mainstream Renewable Power is a wind development business. Mainstream has partnered with Siemens Power Ventures on the 4GW Hornsea wind farm development offshore UK. Mainstream Renewable Power was founded in 2008 and is based in Dublin, Ireland.

DEAL STATS #
Overall 1 of 2
Sector (Renewable Energy) 1 of 2
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-17 Lekela

Amsterdam, Netherlands

Lekela is a renewable power generation company which delivers utility-scale projects across Africa. Lekela is based in Amsterdam, Netherlands.

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