M&A Deal Summary

Greenbacker Renewable Energy Acquires Broad Reach Power - 80 MWac pre-operational solar project

On May 5, 2021, Greenbacker Renewable Energy acquired renewable energy company Broad Reach Power - 80 MWac pre-operational solar project from Broad Reach Power

Acquisition Highlights
  • This is Greenbacker Renewable Energy’s 3rd transaction in the Renewable Energy sector.
  • This is Greenbacker Renewable Energy’s 3rd transaction in the United States.
  • This is Greenbacker Renewable Energy’s 1st transaction in Texas.

M&A Deal Summary
Date 2021-05-05
Target Broad Reach Power - 80 MWac pre-operational solar project
Sector Renewable Energy
Buyer(s) Greenbacker Renewable Energy
Sellers(s) Broad Reach Power
Deal Type Divestiture

Target

Broad Reach Power - 80 MWac pre-operational solar project

Houston, Texas, United States
Broad Reach Power's 80 MWac pre-operational solar project is a renewable energy project to exceed one gigawatt of power generation capacity. Broad Reach Power's 80 MWac pre-operational solar project is based in Houston, Texas.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Greenbacker Renewable Energy

New York, New York, United States
Category Company
Founded 2012
Sector Renewable Energy
DESCRIPTION

Greenbacker Renewable Energy Co. LLC engages in acquiring and financing the construction and/or operation of income-generating renewable energy, energy efficiency, and sustainable development projects primarily in North America. Its investments in alternative energy generation portfolios cover solar and wind energy projects. The company was founded in 2012 and is based in New York, New York.

DEAL STATS #
Overall 3 of 6
Sector (Renewable Energy) 3 of 6
Type (Divestiture) 1 of 3
State (Texas) 1 of 1
Country (United States) 3 of 6
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-05 Greenbacker Renewable Energy - 27.6 MW Residential Solar Assets

New York, New York, United States

Greenbacker Renewable Energy Co. LLC - Residential Solar Assets comprises 3,668 rooftop solar assets totaling 27.6 megawatts (MW).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-11 Hecate Energy - 40 MWac New York Solar Projects

Chicago, Illinois, United States

Hecate Energy's 40 MWac New York Solar Projects are sustainable energy assets providing clean energy services.

Buy -

Seller(S) 1

SELLER

Broad Reach Power

Houston, Texas, United States
Category Company
Founded 2019
Sector Renewable Energy
DESCRIPTION

Broad Reach Power is a utility-scale storage independent power producer (IPP). Broad Reach Power owns a 16-gigawatt portfolio of utility-scale solar and energy storage power projects in Montana, California, Wyoming, Utah, and Texas which give utilities, generators and customers access to technological insight and tools for managing merchant power risk so they can better match supply and demand. Broad Reach Power was founded in 2019 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Mergr

Product

Company

Legal