M&A Deal Summary

Greenbacker Renewable Energy Acquires Hecate Energy - 40 MWac New York Solar Projects

On August 11, 2021, Greenbacker Renewable Energy acquired renewable energy company Hecate Energy - 40 MWac New York Solar Projects from Hecate Energy

Acquisition Highlights
  • This is Greenbacker Renewable Energy’s 4th transaction in the Renewable Energy sector.
  • This is Greenbacker Renewable Energy’s 4th transaction in the United States.
  • This is Greenbacker Renewable Energy’s 1st transaction in Illinois.

M&A Deal Summary
Date 2021-08-11
Target Hecate Energy - 40 MWac New York Solar Projects
Sector Renewable Energy
Buyer(s) Greenbacker Renewable Energy
Sellers(s) Hecate Energy
Deal Type Divestiture

Target

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.

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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 4 of 6
Sector (Renewable Energy) 4 of 6
Type (Divestiture) 2 of 3
State (Illinois) 1 of 2
Country (United States) 4 of 6
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-05 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-03 Hecate Energy - New York Solar Projects

Chicago, Illinois, United States

New York's three Solar Projects are pre-operational, utility-scale solar projects that will deliver 50 MWac of solar power to consumers in the tri-state area.

Buy -

Seller(S) 1

SELLER

Hecate Energy

Chicago, Illinois, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Hecate Energy LLC is a developer, owner and operator of power plants in North America and internationally. Hecate Energy brings together business acumen, technical understanding and significant experience in the industry to develop world-class power projects. The company specializes in solar and wind power, natural gas plants and energy storage, unearthing creative approaches to structuring PPAs and financing power projects both in the United States and abroad.

DEAL STATS #
Overall 3 of 4
Sector (Renewable Energy) 3 of 4
Type (Divestiture) 3 of 4
State (Illinois) 1 of 2
Country (United States) 3 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-29 Hecate Energy - 514 MW Aktina Solar PV Power Plant

Wharton County, Texas, United States

Hecate Energy LLC's 514 MW Aktina Solar PV Power Plant is a provider of solar energy solutions based in Wharton County, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-03 Hecate Energy - New York Solar Projects

Chicago, Illinois, United States

New York's three Solar Projects are pre-operational, utility-scale solar projects that will deliver 50 MWac of solar power to consumers in the tri-state area.

Sell -
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